To the Members of SANMIT INFRA LIMITED
Report on the Audit of Financial Statements
OPINION
We have audited the accompanying Ind AS financial statements of SANMIT INFRA LIMITED
("hereinafter referred to as the Company") which comprise the Balance Sheet
as at March 31, 2023, the Statement of Profit and Loss (including the statement of Other
Comprehensive Income), the Statement of Changes in Equity and the Statement of Cash Flows
for the year ended on that date and a summary of significant accounting policies and other
explanatory information.
In our opinion and to the best of our information and according to the explanations
given to us, the aforesaid financial statements give the information required by the
Companies Act, 2013
("the Act") in the manner so required and give a true and fair view in
conformity with the
Indian Accounting Standards prescribed under section 133 of the Act read with the
Companies
(Indian Accounting Standards) Rules, 2015, as amended, ("Ind AS") and other
accounting principles generally accepted in India, of the state of affairs of the Company
as at March 31, 2023 and its profit, total comprehensive income, changes in equity and its
cash flows for the year ended on that date.
Basis for Opinion
We conducted our audit of the financial statements in accordance with the Standards on
Auditing (SAs) specified under section 143(10) of the Act. Our responsibilities under
those Standards are further described in the Auditor’s Responsibilities for the Audit
of the Ind AS
Financial Statements section of our report. We are independent of the Company in
accordance with the Code of Ethics issued by the Institute of Chartered Accountants of
India (ICAI) together with the ethical requirements that are relevant to our audit of the
financial statements under the provision of the Act and the Rules made thereunder, and we
have fulfilled our other ethical responsibilities in accordance with these requirements
and the ICAI’s Code of Ethics. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our audit opinion on the Ind AS
financial statements
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most
significance in our audit of the Ind AS financial statements for the current period. These
matters were addressed in the context of our audit of the financial statements as a whole,
and in forming our opinion thereon, and we do not provide a separate opinion on these
matters. We have determined the matters described below to be the key audit matters to be
communicated in our report
| Sr. No |
Key Audit Matters |
Auditor’s Response |
1 |
Accuracy of recognition, measurement, presentation and
disclosures of revenues and other related balances in view of adoption of Ind AS 115 |
We assessed the Company’s process to identify the
impact of adoption of the revenue accounting standard. |
| Our audit approach consisted testing of the design and
operating effectiveness of the internal controls and substantive testing as follows: |
| (i) Verification of purchase order w.r.t. quantity, rate etc
on test check basis. |
| (ii) Delivery of the material, Collection w.r.t the bill etc
on test check basis. |
2 |
Valuation of the Inventory in view of adoption of Ind AS
2 " Inventories" |
We assessed the Company’s process to identify the
impact of adoption of the inventory accounting standard. |
| Our audit approach consisted testing of the design
and operating effectiveness of the
internal controls and substantive testing as
follows: |
| (i)Verifying the records available with the company for
movement of stocks. |
| (ii) Obtaining valuation certificate from the company. |
| (iii)Regarding the valuation of closing stock we have relied
on the valuation of the Management and the physical verification report of the management. |
Information Other than the Financial Statements and Auditor’s Report Thereon
The Company’s Board of Directors is responsible for the preparation of the other
information.
The other information comprises the information included in the Management Discussion
and
Analysis, Board’s Report including Annexures to Board’s Report, Business
Responsibility Report, Corporate Governance and Shareholder’s Information, but does
not include the financial statements and our auditor’s report thereon.
Our opinion on the financial statements does not cover the other information and we do
not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read
the other information and, in doing so, consider whether the other information is
materially inconsistent with the financial statements or our knowledge obtained during the
course of our audit or otherwise appears to be materially misstated.
If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact. We have
nothing to report in this regard.
Management’s Responsibilities for the Financial Statements
The Company’s Board of Directors is responsible for the matters stated in section
134(5) of the
Act with respect to the preparation of these financial statements that give a true and
fair view of the financial position, financial performance, including other comprehensive
income, changes in equity and cash flows of the Company in accordance with the Ind AS and
other accounting principles generally accepted in India. This responsibility also includes
maintenance of adequate accounting records in accordance with the provisions of the Act
for safeguarding the assets of the Company and for preventing and detecting frauds and
other irregularities; selection and application of appropriate accounting policies; making
judgments and estimates that are reasonable and prudent; and design, implementation and
maintenance of adequate internal financial controls, that were operating effectively for
ensuring the accuracy and completeness of the accounting records, relevant to the
preparation and presentation of the financial statements that give a true and fair view
and are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is responsible for assessing the
Company’s ability to continue as a going concern, disclosing, as applicable, matters
related to going concern and using the going concern basis of accounting unless management
either intends to liquidate the Company or to cease operations, or has no realistic
alternative but to do so.
The Board of Directors is responsible for overseeing the Company’s financial
reporting process
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial
statements as a whole are free from material misstatement, whether due to fraud or error,
and to issue an auditor’s report that includes our opinion. Reasonable assurance is a
high level of assurance, but is not a guarantee that an audit conducted in accordance with
SAs will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they
could reasonably be expected to influence the economic decisions of users taken on the
basis of these financial statements.
As part of an audit in accordance with SAs, we exercise professional judgment and
maintain professional skepticism throughout the audit. We also:
? Identify and assess the risks of material misstatement of the financial statements,
whether due to fraud or error, design and perform audit procedures responsive to those
risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for
our opinion. The risk of not detecting a material misstatement resulting from fraud is
higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal control.
? Obtain an understanding of internal financial controls relevant to the audit in order
to design audit procedures that are appropriate in the circumstances. Under section
143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the
Company has adequate internal financial controls system in place and the operating
effectiveness of such controls.
? Evaluate the appropriateness of accounting policies used and the reasonableness of
accounting estimates and related disclosures made by management.
? Conclude on the appropriateness of management’s use of the going concern basis
of accounting and, based on the audit evidence obtained, whether a material uncertainty
exists related to events or conditions that may cast significant doubt on the
Company’s ability to continue as a going concern. If we conclude that a material
uncertainty exists, we are required to draw attention in our auditor’s report to the
related disclosures in the financial statements or, if such disclosures are inadequate, to
modify our opinion. Our conclusions are based on the audit evidence obtained up to the
date of our auditor’s report. However, future events or conditions may cause the
Company to cease to continue as a going concern.
? Evaluate the overall presentation, structure and content of the financial statements,
including the disclosures, and whether the financial statements represent the underlying
transactions and events in a manner that achieves fair presentation.
Materiality is the magnitude of misstatements in the financial statements that,
individually or in aggregate, makes it probable that the economic decisions of a
reasonably knowledgeable user of the financial statements may be influenced. We consider
quantitative materiality and qualitative factors in (i) planning the scope of our audit
work and in evaluating the results of our work; and (ii) to evaluate the effect of any
identified misstatements in the financial statements.
We communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any
significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied
with relevant ethical requirements regarding independence, and to communicate with them
all relationships and other matters that may reasonably be thought to bear on our
independence, and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those
matters that were of most significance in the audit of the financial statements of the
current period and are therefore the key audit matters. We describe these matters in our
auditor’s report unless law or regulation precludes public disclosure about the
matter or when, in extremely rare circumstances, we determine that a matter should not be
communicated in our report because the adverse consequences of doing so would reasonably
be expected to outweigh the public interest benefits of such communication
Report on Other Legal and Regulatory Requirements
1. As required by section 143 (3) of the Act, based on our audit we report that:
a. We have sought and obtained all the information and explanations which to the best
of our knowledge and belief were necessary for the purpose of our audit.
b. In our opinion proper books of account as required by law have been kept by the
Company so far as it appears from our examination of those books. c. The Balance Sheet,
the Statement of Profit and Loss including Other Comprehensive income, statement of
changes in Equity and the Statement of Cash Flows dealt with by this Report are in
agreement with the books of account.
d. In our opinion, the aforesaid financial statements comply with the Ind AS s pec i fi
ed under section 133 of the Act read with the Companies (Indian Accounting Standards)
Rules, 2015, as amended.
e. On the basis of written representations received from the directors as on March
31, 2023 taken on record by the Board of Directors, none of the directors is
disqualified as on March 31, 2023 from being appointed as a director in terms of Section
164 (2) of the Act.
f. With respect to the adequacy of the internal financial controls over financial
reporting of the Company and the operating effectiveness of such controls, refer to our
separate Report in "Annexure A" to this report.
g. With respect to the other matters to be included in the Auditor’s report in
accordance with the requirements of section 197(16) of the Act, as amended:
In our opinion and to the best of our information and according to the explanations
given to us, the remuneration paid by the Company to its directors during the year is in
accordance with the provisions of section 197 of the Act.
h. With respect to the other matters to be included in the Auditor’s Report in
accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, as amended, in
our opinion and to the best of our information and according to the explanations given to
us: i. The Company has no pending litigations and consequently has no impact on its
financial position in its financial statements as per the certificate submitted by the
company.
ii. The Company did not have any long-term contracts including derivative contracts for
which there were any material foreseeable losses.
iii. There has no amounts which were required to be transferred to the Investor
Education and Protection Fund by the Company.
iv. (a) The Management has represented that, to the best of its knowledge and belief,
no funds (which are material either individually or in the aggregate) have been advanced
or loaned or invested (either from borrowed funds or share premium or any other sources or
kind of funds) by the Company to or in any other person or entity, including foreign
entity ("Intermediaries"), with the understanding, whether recorded in writing
or otherwise, that the Intermediary shall, whether, directly or indirectly lend or invest
in other persons or entities identified in any manner whatsoever by or on behalf of the
Company ("Ultimate Beneficiaries") or provide any guarantee, security or the
like on behalf of the Ultimate Beneficiaries;
(b) The Management has represented, that, to the best of its knowledge and belief, no
funds (which are material either individually or in the aggregate) have been received by
the Company from any person or entity, including foreign entity
("Funding Parties"), with the understanding, whether recorded in writing or
otherwise, that the Company shall, whether, directly or indirectly, lend or invest in
other persons or entities identified in any manner whatsoever by or on behalf of the
Funding Party ("Ultimate Beneficiaries") or provide any guarantee, security or
the like on behalf of the Ultimate Beneficiaries;
(c) Based on the audit procedures that have been considered reasonable and appropriate
in the circumstances, nothing has come to our notice that has caused us to believe that
the representations under sub-clause (i) and (ii) of Rule 11(e), as provided under and (b)
above, contain any material misstatement.
v. (a) The final dividend proposed in the previous year, declared and paid by the
Company during the year is in accordance with section 123 of the Act, as applicable.
(b) The Board of Directors of the Company have proposed final dividend for the year which
is subject to the approval of the members at the ensuring Annual General Meeting. The
amount of dividend proposed is in accordance with section 123 of the Act, as applicable.
2. As required by the Companies (Auditor’s Report) Order, 2020 ("the
Order") issued by the Central Government in terms of Section 143(11) of the Act, we
give in "Annexure B" a statement on the matters specified in paragraphs 3 and 4
of the Order.
For Pams & Associates
Chartered Accountants Firm Registration number: 316079E
Sd/-
|
|
CA Manoranjan Mishra |
|
|
Partner |
| Place: |
MUMBAI |
Membership Number: 063698 |
| Date: |
29.05.2023 |
UDIN: 23063698BGYHGK2568 |
Annexure "A" TO THE INDEPENDENT AUDITOR’S REPORT
(Referred to in paragraph 1(f) under ‘Report on Other Legal and Regulatory
Requirements’ section of our report to the Members of Sanmit Infra Limited of even
date)
Report on the Internal Financial Controls over Financial Reporting under Clause (i) of
Sub-section 3 of Section 143 of the Companies Act, 2013 ("the Act")
We have audited the internal financial controls over financial reporting of SANMIT
INFRA LIMITED ("the Company") as of March 31, 2023 in conjunction with our
audit of the Ind AS financial statements of the Company for the year ended on that date.
Management’s Responsibility for Internal Financial Controls
The Board of Directors of the company is responsible for establishing and maintaining
internal financial controls based on the internal control over financial reporting
criteria established by the Company considering the essential components of internal
control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial
Reporting issued by the Institute of
Chartered Accountants of India (the "ICAI"). These responsibilities include
the design, implementation and maintenance of adequate internal financial controls that
were operating effectively for ensuring the orderly and efficient conduct of its business,
including adherence to the Company’s policies, the safeguarding of its assets, the
prevention and detection of frauds and errors, the accuracy and completeness of the
accounting records, and the timely preparation of reliable financial information, as
required under the Act.
Auditors’ Responsibility
Our responsibility is to express an opinion on the Companys internal financial
controls over financial reporting based on our audit. We conducted our audit in accordance
with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting
(the "Guidance Note") issued by the ICAI and the Standards on Auditing specified
under section 143(10) of the
Companies Act, 2013, to the extent applicable to an audit of internal financial
controls. Those Standards and the Guidance Note require that we comply with ethical
requirements and plan and perform the audit to obtain reasonable assurance about whether
adequate internal financial controls over financial reporting was established and
maintained and if such controls operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of
the internal financial controls system over financial reporting and their operating
effectiveness. Our audit of internal financial controls over financial reporting included
obtaining an understanding of internal financial controls over financial reporting,
assessing the risk that a material weakness exists, and testing and evaluating the design
and operating effectiveness of internal control based on the assessed risk. The procedures
selected depend on the auditor’s judgment, including the assessment of the risks of
material misstatement of the financial statements, whether due to fraud or error. We
believe that the audit evidence we have obtained is sufficient and appropriate to provide
a basis for our audit opinion on the Company’s internal financial controls system
over financial reporting.
Meaning of Internal Financial Controls over Financial Reporting
A companys internal financial control over financial reporting is a process designed
to provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally
accepted accounting principles. A companys internal financial control over financial
reporting includes those policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect the transactions and
dispositions of the assets of the company; (2) provide reasonable assurance that
transactions are recorded as necessary to permit preparation of financial statements in
accordance with generally accepted accounting principles, and that receipts and
expenditures of the company are being made only in accordance with authorizations of
management and directors of the company; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use, or disposition of the
companys assets that could have a material effect on the financial statements.
Inherent Limitations of Internal Financial Controls over Financial Reporting
Because of the inherent limitations of internal financial controls over financial
reporting, including the possibility of collusion or improper management override of
controls, material misstatements due to error or fraud may occur and not be detected.
Also, projections of any evaluation of the internal financial controls over financial
reporting with reference to these financial statements to future periods are subject to
the risk that the internal financial control over financial reporting may become
inadequate because of changes in conditions, or that the degree of compliance with the
policies or procedures may deteriorate
Opinion
In our opinion, to the best of our information and according to the explanations given
to us, the Company has, in all material respects, an adequate internal financial controls
system over financial reporting and such internal financial controls over financial
reporting were operating effectively as at March 31, 2023, based on the criteria for
internal financial control over financial reporting established by the Company considering
the essential components of internal control stated in the Guidance Note on Audit of
Internal Financial Controls Over Financial Reporting issued by the ICAI.
For Pams & Associates
Chartered Accountants Firm Registration number: 316079E
Sd/-
|
|
CA Manoranjan Mishra |
|
|
Partner |
| Place: |
MUMBAI |
Membership Number: 063698 |
| Date: |
29.05.2023 |
UDIN: 23063698BGYHGK2568 |
ANNEXURE ‘B’ TO THE INDEPENDENT AUDITOR’S REPORT
(Referred to in paragraph 2 under ‘Report on Other Legal and Regulatory
Requirements’ section of our report to the Members of Sanmit Infra Limited of even
date).
To the best of our information and according to the explanations provided to us by the
Company and the books of account and records examined by us in the normal course of audit,
we state that:
i. In respect of Company’s Property, Plant and Equipment and Intangible Assets :
(a) (A) The Company has maintained proper records showing full particulars, including
quantitative details and situation of Property, Plant and Equipment.
(B) The Company has maintained proper records showing full particulars of intangible
assets. (b) The company has a regular program of physical verification of its Property,
Plant and Equipment (PPE) by which PPEs are verified in a phased manner. In accordance
with this program certain PPEs were physically verified by the Management during the year
and according to the information and explanations given to us, no material discrepancies
were noticed on such verification. In our opinion, this periodicity of physical
verification is reasonable having regards to the size of company and the nature of its
assets.
(c) The company does not have any immovable properties disclosed in the financial
statement hence reporting under clause 3(i)(c) of the order is not applicable.
(d) The Company has not revalued any of its Property, Plant and Equipment and
intangible assets during the year.
(e) No proceedings have been initiated during the year or are pending against the
Company as at March 31, 2023 for holding any benami property under the Benami Transactions
(Prohibition) Act, 1988 (as amended in 2016) and rules made thereunder.
ii. (a)As explained to us, the inventories were physically verified during the year by
the management. In our opinion and according to the information and explanations given to
us, the inventories have been verified by the management at reasonable intervals in
relation to size of the company and we have relied on the valuation of inventory.
(b)The Company has been sanctioned working capital limits in excess of 5 crore, in
aggregate, at any points of time during the year, from banks on the basis of security of
current assets. The quarterly returns or statements filed by the company for the above
facility are in agreement with the books of account of the company except for the
statements filed for quarters during the year ended 31st March 2023, where difference were
noted between the amounts as per books of account for respective quarter and amount as
reported in the quarterly statements. The differences were in case of debtors amounting to
Rs. 13.68 lakhs (amount reported Rs. 3223.15 lakhs vs amount as per books of accounts Rs.
3209.47 lakhs), Rs. 109.02 lakhs (amount reported Rs. 2886.22 lakhs vs amount as per books
of accounts Rs. 2777.20 lakhs),
Rs. 12.18 lakhs (amount reported Rs. 3050.17 lakhs vs amount as per books of accounts
Rs. 3038.52 lakhs), Rs. 18.21 lakhs (amount reported Rs. 3590.86 lakhs vs amount as per
books of accounts Rs. 3609.07) for the quarter ended 30th June, 2022, 30th September,
2022, 31st December 2022, 31st March 2023. The company has reconciled the differences and
identified the reasons for differences.
iii. According to information and explanations given to us, the Company has not made
investments in, provided any guarantee or security or granted any loans or advances in the
nature of loans, secured or unsecured to companies, firms, limited liability partnerships
or any other parties, hence reporting under the clause 3(iii)(a), (b), (c), (d), (e) and
(f) of the Order is not applicable.
iv. According to the information and explanations given to us, there are no loans,
investments, guarantees and securities to which provisions of Section 185 or 186 of the
Act are applicable and hence reporting under clause 3(iv) of the order is not applicable.
v. The Company has not accepted any deposit or amounts which are deemed to be deposits.
Hence, reporting under clause 3(v) of the Order is not applicable
vi. We have broadly reviewed the cost records maintained by the Company including the
records prescribed by the Central Government under Section 148(1) of the Act, for the
products of the Company and are of the opinion that prima facie, the prescribed cost
records have been made and maintained. We have, however, not made a detailed examination
of the cost records with a view to determine whether they are accurate or complete.
vii. According to information and explanations given to us, in our opinion, the Company
has generally been regular in depositing undisputed statutory dues, including Goods and
Services tax, Provident Fund, Employees’ State Insurance, Income Tax, Cess and any
other statutory dues applicable to it with the appropriate authorities.
There were no undisputed amounts payable in respect of Goods and Service tax,
Provident Fund, Employees’ State Insurance, Income Tax, Cess and other material
statutory dues in arrears as at March 31, 2023 for a period of more than six months from
the date they became payable
viii. There were no transactions relating to previously unrecorded income that have
been surrendered or disclosed as income during the year in the tax assessments under the
Income Tax Act, 1961 (43 of 1961).
ix. (a) The Company has not defaulted in repayment of loans or other borrowings or in
the payment of interest thereon . However, there is difference in yes bank car loan as per
books of account and as per bank confirmation.
(b) The Company has not been declared wilful defaulter by any bank or financial
institution or government or any government authorities. (c) The Company has not taken any
term loan during the year and there are no outstanding term loans at the beginning of the
year and hence, reporting under clause 3(ix)(c) of the Order is not applicable. (d) On an
overall examination of the financial statements of the Company, funds raised on short-
term basis have, prima facie, not been used during the year for long-term purposes by the
Company.
(e) On an overall examination of the financial statements of the Company, the Company
has not taken any funds from any entity or person on account of or to meet the obligations
of its subsidiaries. (f) The company has not raised loans during the year on the pledge of
securities held in its subsidiaries, joint ventures or associate companies. x. (a) The
Company has not raised moneys by way of initial public offer or further public offer
(including debt instruments) during the year and hence reporting under clause 3(x)(a) of
the Order is not applicable.
(b) The company has made preferential allotment or private placement of shares during
the year and the requirements of section 42 and section 62 of the Companies Act, 2013 have
been duly complied with. In our opinion and according to the information and explanations
given to us, the company has utilized funds raised by way of preferential allotment or
private placement of shares for the purposes for which the funds were raised.
xi. (a) No fraud by the Company and no material fraud on the Company has been noticed
or reported during the year.
(b) No report under sub-section (12) of section 143 of the Companies Act has been filed
in Form ADT-4 as prescribed under rule 13 of Companies (Audit and Auditors) Rules, 2014
with the Central Government, during the year and upto the date of this report.
(c) As explained to us the company has not received any whistle blower complaints
during the year (and upto the date of this report). Management representation with regards
to the same was obtained from the company. However the procedure followed by the company
in this regard is not adequate and needs improvement.
xii. The Company is not a Nidhi Company and hence reporting under clause (xii) of the
Order is not applicable.
xiii. Based on our examination of books of accounts and as per information and
explanations given to us, all transactions with related parties are in compliance with
Section 177 and 188 of the Act, where applicable and the details have been disclosed in
the Financial Statements as required by the applicable accounting standards
xiv. (a) In our opinion the Company has an adequate internal audit system commensurate
with the size and the nature of its business.
(b) We have considered, the internal audit reports for the year under audit, issued to
the Company during the year, in determining the nature, timing and extent of our audit
procedures. xv. In our opinion during the year the Company has not entered into any
non-cash transactions with its Directors or persons connected with its directors. and
hence provisions of section 192 of the Companies Act, 2013 are not applicable to the
Company
xvi. (a) In our opinion, the Company is not required to be registered under section
45-IA of the Reserve Bank of India Act, 1934. Hence, reporting under clause 3(xvi)(a), (b)
and (c) of the Order is not applicable.
(b) In our opinion, there is no core investment company within the Group (as defined in
the Core Investment Companies (Reserve Bank) Directions, 2016) and accordingly reporting
under clause 3(xvi)(d) of the Order is not applicable. xvii. The Company has not incurred
cash losses during the financial year covered by our audit and the immediately preceding
financial year.
xviii. There has been no resignation of the statutory auditors of the Company during
the year.
xix. On the basis of the financial ratios, ageing and expected dates of realisation of
financial assets and payment of financial liabilities, other information accompanying the
financial statements and our knowledge on the functioning of the Board of Directors and
Management plans and based on our examination of the evidence supporting the assumptions,
nothing has come to our attention, which causes us to believe that any material
uncertainty exists as on the date of the audit report indicating that Company is not
capable of meeting its liabilities existing at the date of balance sheet as and when they
fall due within a period of one year from the balance sheet date. We, however, state that
this is not an assurance as to the future viability of the Company. We further state that
our reporting is based on the facts up to the date of the audit report and we neither give
any guarantee nor any assurance that all liabilities falling due within a period of one
year from the balance sheet date, will get discharged by the Company as and when they fall
due
xx. In respect to Corporate Social Responsibility: a. According to the information and
explanations given to us, there has been no unspent amount in respect of other than
ongoing projects during the year and b. According to the information and explanations
given to us, there has been no unspent amount in respect of ongoing projects during the
year.
For Pams & Associates
Chartered Accountants Firm Registration number: 316079E
Sd/-
|
|
CA Manoranjan Mishra |
|
|
Partner |
|
|
Membership Number: 063698 |
| Place: |
MUMBAI |
UDIN: 23063698BGYHGK2568 |
| Date: |
29.05.2023 |
|
+91-9892691696
