Latteys Industries Ltd Directors Report.

To

The Board of Directors of

Latteys Industries Limited Ahmedabad

We have audited the Half yearly financial results of Latteys Industries Limited tor the Halt year ended 31 March, 2020 and the year to date results for the period 01" April, 2019 to 31" March, 2020, attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These Half Yearly financial results as well as the year to date financial results have been prepared on the basis of the interim financial statements, which are the responsibility of the companys management. Our responsibility is to express an opinion on these financial results based on our audit of such interim financial statements, which have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 (Ind AS 34) / Accounting Standard - 25 for Interim Financial Reporting, prescribed, under Section 133 of the Companies Act, 2013 read with relevant rules Issued thereunder; or by the Institute of Chartered Accountants of India, as applicable and other accounting principles generally accepted in India.

We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatement(s). An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.

In our opinion and to the best of our information and according to the explanations given to us these Half Yearly financial results as well as the year to date results:

i) are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and

ii) give a true and fair view of the net profit/loss and other financial information for the half year ended 31" March, 2020 as well as the year to date results for the period from 01" April, 2019 to 31" March, 2020.

The Statement dealt with by this report has been prepared for the express purpose of filling with the Stock Exchanges. This statements is based on and should be read with the audited Standalone Financial Statements of the Company for the year ended on March 31, 2020 on which we issued an unmodified audit opinion.

This report is addressed to the Board of Directors of the Company and has been prepared for and on y for the purposes set out above. This report should not be otherwise used by any other party for any other purpose