To the Members of MARSHALL MACHINES LIMITED Report on the Audit of Financial Statements Opinion
Basis for Opinion
Attention is drawn to the following matters:
However, in our opinion, the comparative inventory holding levels, in view of steep decline in the Turnover of the Company as compared to earlier years are higher and simultaneously there has been an increased percentage of Non - Regularly Traded and Manufactured Products in the Total Turnover of the company. Hence we are unable to comment on the realizable value of the same.The impact of above remarks, presently are not ascertainable and therefore cannot be commented upon.
However, in our opinion and as per information and records provided to us, the company does not have proper records of MSME creditors neither any written communication is available with the company regarding the status of the creditors falling under MSME category, so reliable estimates of the amount due but not paid could not be made. Further no provision for Interest on above described delayed payments has been made in the books of accounts. To that extent the loss of the company is understated. However, we are unable to quantify the extent of loss.
have been delayed many times during the year {for individual instances refer clause IX a
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the Standalone Financial statements of the current period. These matters were addressed in the context of our audit of the Standalone Financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.
interest and penalty for the same in the future, the amount of which cannot be ascertained as of now.
Information other than the Standalone Financial Statements and Auditors Report thereon The Companys management and Board of Directors are responsible for the other information. The other information comprises the information included in the Companys annual report, but does not include the standalone financial statements and our auditors report thereon.
Our opinion on the standalone 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 standalone 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 in the audit, or otherwise appears to be materially misstated.
If, based on the work we have performed on the other information obtained prior to the date of this auditors report, 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.
Responsibilities of Management and Those Charged with Governance for the Financial Statements
The Companys Board of Directors is responsible for the matters stated in section 134(5) of the Companies Act, 2013 ("the Act") with respect to the preparation of these Standalone financial statements that give a true and fair view of the financial position, financial performance, and cash flows of the Company in accordance with the accounting principles
generally accepted in India, including the accounting Standards specified under section 133 of the Act. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of 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 Standalone Financial Statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the standalone financial statements, the Board of Directors is responsible for assessing the Companys ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the companys financial reporting
process.
Auditors 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 auditors 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:
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 to those charged with governance, we determine those matters that were of most significance in the audit of Standalone Financial Statements of the current period and are therefore the key audit matters. We describe these matters in our auditors report unless law or regulation preclude 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
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.
For S. Sood & Co
Chartered Accountants
Firm Registration No.010801N
Sanjay Sood
Partner
Membership No. 089457 UDIN: 23089457BGXOAL1967
Place: LUDHIANA
Dated: 02nd June, 2023
Annexure "A" to the Independent Auditors Report
(Referred to in paragraph 1(f) under ‘Report on Other Legal and Regulatory Requirements section of
our report to the Members of Marshall Machines 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 Marshall Machines Limited ("the Company") as of March 31, 2023 in conjunction with our audit of the Standalone Financial statements of the Company for the year ended on that date.
Managements 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. 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 respective companys 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 Companies Act, 2013.
Auditors Responsibility
Our responsibility is to express an opinion on the internal financial controls over financial reporting of the Company 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 Institute of Chartered Accountants of India and the Standards on Auditing prescribed 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 auditors 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 internal financial controls system over Financial reporting of the Company.
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
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 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
Except for the maintenance of proper Inventory records and not conducting physical verification of Inventory at regular intervals during the year and at the end of the year, in our opinion and 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 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.
For S. Sood & Co
Chartered Accountants
Firm Registration No.010801N
Sanjay Sood
Partner
Membership No. 089457 UDIN: 23089457BGXOAL1967 Place: LUDHIANA
Date: 02nd June, 2023
ANNEXURE B TO THE INDEPENDENT AUDITORS REPORT
Report as required by the Companies (Auditors Report) Order, 2020 ("the Order"), issued by the Central Government of India in terms of sub-section (11) of section 143 of the Companies Act, 2013
(Refer to in paragraph 1 under ‘Report on Other Legal and Regulatory Requirements
section of our report of even date)
With reference to the Annexure B referred to in the Independent Auditors Report to the members of the Company on the financial statements for the year ended March 31, 2023, we report the following:
i) In respect of Fixed Assets
(a)(A) The Company has proper records related to full particulars including quantitative details and situation of Property, Plant and Equipment.
(B) The Company has proper records related to full particulars of Intangible Assets.
ii.) In respect of Inventory& Working Capital
Thestock statements submitted by the company to the bank at the end of every quarter is compared with the books of accounts as follows:
Rupees in Crores
Quarter ending | *Value as per books of account | Value as per statement filed with lender | Difference |
Reason for differences |
June 30, 2022 | 41.68 |
42.44 |
(0.76) |
**As explained by the management, the |
differences are because the statements | ||||
September 30, | 41.23 |
42.20 |
(0.97) |
filed with the lenders are based on |
2022 | financial statements which are prepared | |||
December 31, | 41.09 |
39.65 |
1.44 |
on provisional basis and also on account of |
2022 | exclusion of certain other current liabilities | |||
March 31, 2023 | 37.62 | 43.90** | (6.28) | in the statements filed with the lenders. |
*Value means: (Stock + Trade Receivables -Trade Payables)
**Value as per statement filed with the lender is based on provisional figures as per books as on 24th March, 2023. However corresponding books figures are as on 31st March, 2023.
During the year, the company has not made any 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. Therefore, the provisions of clause 3(iii) of the said Order are not applicable to the company.
The company has not made any loans, investments, guarantees and security on which provisions of section 185 and 186 of the Companies Act 2013 are applicable. Therefore, the provisions of clause 3(iv) of the said Order are not applicable to the company.
In our opinion and according to the information and explanations given to us, the Company has not accepted any deposits from public. Therefore, the provisions of Clause (v) of paragraph 3 of the order are not applicable to the Company.
We have broadly reviewed the books of accounts relating to materials, labour and other items of cost maintained by the company pursuant to the Rules made by the Central Government for the maintenance of cost records under sub-section (1) of section 148 of the Companies Act, 2013 and we are of the opinion that prima-facie the prescribed accounts and records have been made and maintained. We have not made however a detailed examination of the record with a view to determine whether they are complete or accurate.
94.50 Lacs for A.Y 2020-21, TDS amounting to Rs. 35.50 Lacs, Provident Fund amounting to Rs. 12.45 Lacs and ESI amounting to Rs. 3.50 Lacs along with Interest thereon which are outstanding for more than six months.
In our opinion and according to the information and explanations given to us, there is no any transaction which is not recorded in the books of accountsand there has not been any such surrendered or undisclosed income which is required to show as income during the year in the tax assessments under the Income Tax Act, 1961 (43 of 1961).
Nature of Borrowing | Name of Lender |
Amount not paid on due date | Whether Principal or Interest | No. of days delay or unpaid | Related Month |
Secured Loan | Electronica Finance Limited |
4,19,685 |
Both |
81 Days | Apr-22 |
Secured Loan | HDFC Bank Limited | 4,40,795 |
Both | 21 Days | Apr-22 |
Secured Loan | HDFC Bank Limited |
18,796 |
Both |
23 Days | Apr-22 |
Secured Loan | HDFC Bank Limited |
12,58,073 |
Both |
23 Days | Apr-22 |
Secured Loan | HDFC Bank Limited |
18,341 |
Both |
23 Days | Apr-22 |
Secured Loan | Hero Fincorp Limited |
53,309 |
Interest |
58 Days | Apr-22 |
Secured Loan | Hero Fincorp Limited |
1,16,450 |
Both |
58 Days | Apr-22 |
Secured Loan | Small Industries | Both | 82 Days | Apr-22 | |
Development Bank of India | 1,65,852 | ||||
Secured Loan | Small Industries Development Bank of India |
2,04,035 |
Both |
81 Days |
Apr-22 |
Finance Lease | Siemens Financial Services Private Limited | 1,20,046 |
Rental |
90 Days | Apr-22 |
Secured Loan | Tata Capital Financial Services Limited |
2,18,790 |
Both |
87 Days | Apr-22 |
Secured Loan | Tata Capital Financial Services Limited | 4,11,310 |
Both |
82 Days | Apr-22 |
Secured Loan | Tata Capital Financial Services Limited |
8,103 |
Interest |
82 Days | Apr-22 |
Unsecured Loan | Tata Capital Financial Services Limited | 91,558 |
Both |
56 Days | Apr-22 |
Unsecured Loan | Aditya Birla Finance Limited |
1,87,237 |
Both |
29 Days | Apr-22 |
Unsecured Loan | Aditya Birla Finance Limited | 31,807 |
Both |
24 Days | Apr-22 |
Unsecured Loan | Ashv Finance Limited |
5,78,381 |
Both |
81 Days | Apr-22 |
Unsecured Loan | Clix Capital Services Private Limited | 90,930 |
Both | 72 Days | Apr-22 |
Unsecured Loan | IDFC First Bank Limited |
1,19,765 |
Both |
59 Days | Apr-22 |
Secured Loan | IDFC First Bank Limited |
38,662 |
Both |
2 Days | Apr-22 |
Secured Loan | Jain Sons (Ashv Finance Limited) | 1,19,304 |
Both |
69 Days | Apr-22 |
Unsecured Loan | Magma Fincorp Limited |
20,383 |
Both |
1 Days | Apr-22 |
Unsecured Loan | Moneywise Financial Services Private Limited | 96,412 |
Both |
67 Days | Apr-22 |
Unsecured Loan | NeoGrowth Credit Private Limited |
29,517 |
Both |
23 Days | Apr-22 |
Unsecured Loan | NeoGrowth Credit Private Limited | 29,517 |
Both |
41 Days | Apr-22 |
Secured Loan | Electronica Finance Limited |
4,19,685 |
Both |
81 Days | May-22 |
Secured Loan | HDFC Bank Limited |
4,40,795 |
Both |
22 Days | May-22 |
Secured Loan | HDFC Bank Limited |
18,796 |
Both |
7 Days | May-22 |
Secured Loan | HDFC Bank Limited |
12,58,073 |
Both |
22 Days | May-22 |
Secured Loan | HDFC Bank Limited |
18,341 |
Both |
24 Days | May-22 |
Secured Loan | Hero Fincorp Limited |
53,309 |
Interest |
58 Days | May-22 |
Secured Loan | Hero Fincorp Limited |
1,16,450 |
Both |
80 Days | May-22 |
Secured Loan | Small Industries Development Bank of India | 1,58,648 |
Both |
81 Days |
May-22 |
Secured Loan | Small Industries Development Bank of India | 2,04,035 |
Both |
81 Days |
May-22 |
Finance Lease | Siemens Financial Services Private Limited |
1,20,046 |
Rental |
60 Days | May-22 |
Secured Loan | Tata Capital Financial Services Limited | 2,15,534 |
Both |
57 Days | May-22 |
Secured Loan | Tata Capital Financial Services Limited |
4,05,377 |
Both |
56 Days | May-22 |
Secured Loan | Tata Capital Financial Services Limited | 7,842 |
Interest |
52 Days | May-22 |
Unsecured Loan | Tata Capital Financial Services Limited |
91,558 |
Both |
86 Days | May-22 |
Unsecured Loan | Aditya Birla Finance Limited | 1,87,237 |
Both |
56 Days | May-22 |
Unsecured Loan | Aditya Birla Finance Limited |
31,807 |
Both |
26 Days | May-22 |
Unsecured Loan | Ashv Finance Limited |
5,78,381 |
Both |
81 Days | May-22 |
Unsecured Loan | Clix Capital Services Private Limited | 90,930 |
Both | 89 Days | May-22 |
Unsecured Loan | IDFC First Bank Limited |
1,19,765 |
Both |
59 Days | May-22 |
Secured Loan | IDFC First Bank Limited |
38,662 |
Both |
29 Days | May-22 |
Secured Loan | Jain Sons (Ashv Finance Limited) | 1,19,304 |
Both |
86 Days | May-22 |
Unsecured Loan | Magma Fincorp Limited |
59,709 |
Both |
25 Days | May-22 |
Unsecured Loan | Moneywise Financial Services Private Limited | 96,412 |
Both |
57 Days | May-22 |
Unsecured Loan | NeoGrowth Credit Private Limited |
29,517 |
Both |
55 Days | May-22 |
Unsecured Loan | NeoGrowth Credit Private Limited | 29,517 |
Both |
40 Days | May-22 |
Secured Loan | Electronica Finance Limited |
4,19,685 |
Both |
81 Days | Jun-22 |
Secured Loan | HDFC Bank Limited |
4,40,795 |
Both |
10 Days | Jun-22 |
Secured Loan | HDFC Bank Limited |
18,796 |
Both |
10 Days | Jun-22 |
Secured Loan | HDFC Bank Limited |
12,58,073 |
Both |
10 Days | Jun-22 |
Secured Loan | HDFC Bank Limited |
18,341 |
Both |
12 Days | Jun-22 |
Secured Loan | Hero Fincorp Limited |
53,309 |
Interest |
88 Days | Jun-22 |
Secured Loan | Hero Fincorp Limited |
1,16,450 |
Both |
88 Days | Jun-22 |
Secured Loan | Small Industries Development Bank of India | 1,58,648 |
Both |
81 Days |
Jun-22 |
Secured Loan | Small Industries Development Bank of India | 2,04,035 | Both | 81 Days | Jun-22 |
Finance Lease | Siemens Financial Services Private Limited | 1,20,046 |
Rental |
29 Days | Jun-22 |
Secured Loan | Tata Capital Financial Services Limited |
2,16,355 |
Both |
86 Days | Jun-22 |
Secured Loan | Tata Capital Financial Services Limited | 4,04,070 |
Both |
81 Days | Jun-22 |
Secured Loan | Tata Capital Financial Services Limited |
8,246 |
Interest |
81 Days | Jun-22 |
Unsecured Loan | Tata Capital Financial Services Limited | 91,558 |
Both |
86 Days | Jun-22 |
Unsecured Loan | Aditya Birla Finance Limited |
1,87,237 |
Both |
55 Days | Jun-22 |
Unsecured Loan | Aditya Birla Finance Limited | 31,807 |
Both |
25 Days | Jun-22 |
Unsecured Loan | Ashv Finance Limited |
5,78,381 |
Both |
81 Days | Jun-22 |
Unsecured Loan | Clix Capital Services Private Limited | 90,930 |
Both | 89 Days | Jun-22 |
Unsecured Loan | IDFC First Bank Limited |
1,19,765 |
Both |
89 Days | Jun-22 |
Secured Loan | IDFC First Bank Limited |
38,662 |
Both |
28 Days | Jun-22 |
Secured Loan | Jain Sons (Ashv Finance Limited) | 1,19,304 |
Both |
86 Days | Jun-22 |
Unsecured Loan | Magma Fincorp Limited |
59,709 |
Both |
27 Days | Jun-22 |
Unsecured Loan | Moneywise Financial Services Private Limited | 96,412 |
Both |
87 Days | Jun-22 |
Unsecured Loan | NeoGrowth Credit Private Limited |
29,517 |
Both |
86 Days | Jun-22 |
Unsecured Loan | NeoGrowth Credit Private Limited | 29,517 |
Both |
71 Days | Jun-22 |
Secured Loan | Electronica Finance Limited |
4,19,685 |
Both |
82 Days | Jul-22 |
Secured Loan | HDFC Bank Limited |
4,40,795 |
Both |
12 Days | Jul-22 |
Secured Loan | HDFC Bank Limited |
18,796 |
Both |
13 Days | Jul-22 |
Secured Loan | HDFC Bank Limited |
12,58,073 |
Both |
13 Days | Jul-22 |
Secured Loan | HDFC Bank Limited |
18,341 |
Both |
14 Days | Jul-22 |
Secured Loan | Hero Fincorp Limited |
1,47,022 |
Both |
88 Days | Jul-22 |
Secured Loan | Hero Fincorp Limited |
2,86,456 |
Both |
88 Days | Jul-22 |
Secured Loan | Small Industries Development Bank of India |
7,13,618 |
Both |
82 Days |
Jul-22 |
Secured Loan | Small Industries Development Bank of India |
2,04,035 |
Both |
82 Days |
Jul-22 |
Finance Lease | Siemens Financial Services Private Limited | 1,20,046 | Rental | 29 Days | Jul-22 |
Secured Loan | Tata Capital Financial Services Limited | 2,15,031 |
Both |
86 Days | Jul-22 |
Secured Loan | Tata Capital Financial Services Limited |
4,00,055 |
Both |
81 Days | Jul-22 |
Secured Loan | Tata Capital Financial Services Limited | 8,270 |
Interest |
81 Days | Jul-22 |
Unsecured Loan | Tata Capital Financial Services Limited |
91,558 |
Both |
86 Days | Jul-22 |
Unsecured Loan | Aditya Birla Finance Limited | 1,87,237 |
Both |
86 Days | Jul-22 |
Unsecured Loan | Aditya Birla Finance Limited |
31,807 |
Both |
25 Days | Jul-22 |
Unsecured Loan | Ashv Finance Limited |
5,78,381 |
Both |
82 Days | Jul-22 |
Unsecured Loan | Clix Capital Services Private Limited | 90,930 |
Both | 89 Days | Jul-22 |
Unsecured Loan | IDFC First Bank Limited |
1,19,765 |
Both |
89 Days | Jul-22 |
Secured Loan | IDFC First Bank Limited |
38,662 |
Both |
89 Days | Jul-22 |
Secured Loan | Jain Sons (Ashv Finance Limited) | 1,19,304 |
Both |
87 Days | Jul-22 |
Unsecured Loan | Magma Fincorp Limited |
59,709 |
Both |
27 Days | Jul-22 |
Unsecured Loan | Moneywise Financial Services Private Limited | 96,412 |
Both |
87 Days | Jul-22 |
Unsecured Loan | NeoGrowth Credit Private Limited |
29,517 |
Both |
86 Days | Jul-22 |
Unsecured Loan | NeoGrowth Credit Private Limited | 29,517 |
Both |
71 Days | Jul-22 |
Secured Loan | HDFC Bank Limited |
1,13,527 |
Interest |
24 Days | Aug-22 |
Secured Loan | Electronica Finance Limited | 4,19,685 |
Both |
91 Days | Aug-22 |
Secured Loan | HDFC Bank Limited |
1,16,408 |
Both |
24 Days | Aug-22 |
Secured Loan | HDFC Bank Limited |
18,796 |
Both |
16 Days | Aug-22 |
Secured Loan | HDFC Bank Limited |
12,58,073 |
Both |
24 Days | Aug-22 |
Secured Loan | HDFC Bank Limited |
18,341 |
Both |
25 Days | Aug-22 |
Secured Loan | Hero Fincorp Limited |
1,47,022 |
Both |
89 Days | Aug-22 |
Secured Loan | Hero Fincorp Limited |
2,86,456 |
Both |
89 Days | Aug-22 |
Secured Loan | Small Industries Development Bank of India |
7,13,618 |
Both |
89 Days |
Aug-22 |
Secured Loan | Small Industries Development Bank of India |
2,04,035 |
Both |
82 Days |
Aug-22 |
Finance Lease | Siemens Financial Services Private Limited | 1,20,046 | Rental | 91 Days | Aug-22 |
Secured Loan | Tata Capital Financial Services Limited | 2,15,448 |
Both |
87 Days | Aug-22 |
Secured Loan | Tata Capital Financial Services Limited |
3,98,000 |
Both |
82 Days | Aug-22 |
Secured Loan | Tata Capital Financial Services Limited | 9,348 |
Interest |
78 Days | Aug-22 |
Unsecured Loan | Tata Capital Financial Services Limited |
91,558 |
Both |
87 Days | Aug-22 |
Unsecured Loan | Aditya Birla Finance Limited | 1,87,237 |
Both |
87 Days | Aug-22 |
Unsecured Loan | Aditya Birla Finance Limited |
31,807 |
Both |
46 Days | Aug-22 |
Unsecured Loan | Ashv Finance Limited |
5,78,381 |
Both |
82 Days | Aug-22 |
Unsecured Loan | Clix Capital Services Private Limited | 90,930 |
Both | 90 Days | Aug-22 |
Unsecured Loan | IDFC First Bank Limited |
1,19,765 |
Both |
90 Days | Aug-22 |
Secured Loan | IDFC First Bank Limited |
38,662 |
Both |
90 Days | Aug-22 |
Secured Loan | Jain Sons (Ashv Finance Limited) | 1,19,304 |
Both |
87 Days | Aug-22 |
Unsecured Loan | Magma Fincorp Limited |
59,709 |
Both |
58 Days | Aug-22 |
Unsecured Loan | Moneywise Financial Services Private Limited | 96,412 |
Both |
88 Days | Aug-22 |
Unsecured Loan | NeoGrowth Credit Private Limited |
29,517 |
Both |
87 Days | Aug-22 |
Unsecured Loan | NeoGrowth Credit Private Limited | 29,517 |
Both |
72 Days | Aug-22 |
Secured Loan | HDFC Bank Limited |
1,48,462 |
Interest |
16 Days | Sep-22 |
Secured Loan | Electronica Finance Limited | 4,19,685 |
Both |
112 Days | Sep-22 |
Secured Loan | HDFC Bank Limited |
1,16,408 |
Both |
16 Days | Sep-22 |
Secured Loan | HDFC Bank Limited |
18,796 |
Both |
20 Days | Sep-22 |
Secured Loan | HDFC Bank Limited |
12,58,073 |
Both |
20 Days | Sep-22 |
Secured Loan | HDFC Bank Limited |
18,341 |
Both |
1 Days | Sep-22 |
Secured Loan | Hero Fincorp Limited |
1,47,022 |
Both |
119 Days | Sep-22 |
Secured Loan | Hero Fincorp Limited |
2,86,456 |
Both |
119 Days | Sep-22 |
Secured Loan | Small Industries Development Bank of India |
7,13,618 |
Both |
88 Days |
Sep-22 |
Secured Loan | Small Industries Development Bank of India |
2,04,035 |
Both |
88 Days |
Sep-22 |
Finance Lease | Siemens Financial Services Private Limited | 1,20,046 | Rental | 90 Days | Sep-22 |
Secured Loan | Tata Capital Financial Services Limited | 2,13,707 |
Both |
117 Days | Sep-22 |
Secured Loan | Tata Capital Financial Services Limited |
3,93,252 |
Both |
81 Days | Sep-22 |
Secured Loan | Tata Capital Financial Services Limited | 8,575 |
Interest |
51 Days | Sep-22 |
Unsecured Loan | Tata Capital Financial Services Limited |
91,558 |
Both |
86 Days | Sep-22 |
Unsecured Loan | Aditya Birla Finance Limited | 1,87,237 |
Both |
117 Days | Sep-22 |
Unsecured Loan | Aditya Birla Finance Limited |
31,807 |
Both |
56 Days | Sep-22 |
Unsecured Loan | Ashv Finance Limited |
5,78,381 |
Both |
89 Days | Sep-22 |
Unsecured Loan | Clix Capital Services Private Limited | 90,930 |
Both | 89 Days | Sep-22 |
Unsecured Loan | IDFC First Bank Limited |
1,19,765 |
Both |
89 Days | Sep-22 |
Secured Loan | IDFC First Bank Limited |
38,662 |
Both |
120 Days | Sep-22 |
Secured Loan | Jain Sons (Ashv Finance Limited) | 1,19,304 |
Both |
94 Days | Sep-22 |
Unsecured Loan | Magma Fincorp Limited |
59,709 |
Both |
58 Days | Sep-22 |
Unsecured Loan | Moneywise Financial Services Private Limited | 96,412 |
Both |
118 Days | Sep-22 |
Unsecured Loan | NeoGrowth Credit Private Limited |
29,517 |
Both |
86 Days | Sep-22 |
Unsecured Loan | NeoGrowth Credit Private Limited | 29,517 |
Both |
102 Days | Sep-22 |
Secured Loan | HDFC Bank Limited |
1,48,462 |
Interest |
2 Days | Oct-22 |
Secured Loan | Electronica Finance Limited | 4,19,685 |
Both |
Un Paid |
Oct-22 |
Secured Loan | HDFC Bank Limited |
1,16,408 |
Both |
2 Days | Oct-22 |
Secured Loan | HDFC Bank Limited |
18,796 |
Both |
23 Days | Oct-22 |
Secured Loan | HDFC Bank Limited |
12,58,073 |
Both |
24 Days | Oct-22 |
Secured Loan | HDFC Bank Limited |
18,341 |
Both |
2 Days | Oct-22 |
Secured Loan | Hero Fincorp Limited |
1,47,022 |
Both |
89 Days | Oct-22 |
Secured Loan | Hero Fincorp Limited |
2,86,456 |
Both |
89 Days | Oct-22 |
Secured Loan | Small Industries Development Bank of India |
7,13,618 |
Both |
86 Days |
Oct-22 |
Secured Loan | Small Industries Development Bank of India |
2,04,035 |
Both |
86 Days |
Oct-22 |
Finance Lease | Siemens Financial Services Private Limited | 4,80,454 | Rental | 91 Days | Oct-22 |
Secured Loan | Tata Capital Financial Services Limited | 2,10,505 |
Both |
87 Days | Oct-22 |
Secured Loan | Tata Capital Financial Services Limited |
3,87,670 |
Both |
82 Days | Oct-22 |
Secured Loan | Tata Capital Financial Services Limited | 8,575 |
Interest |
82 Days | Oct-22 |
Unsecured Loan | Tata Capital Financial Services Limited |
91,558 |
Both |
87 Days | Oct-22 |
Unsecured Loan | Aditya Birla Finance Limited | 1,87,237 |
Both |
87 Days | Oct-22 |
Unsecured Loan | Aditya Birla Finance Limited |
31,807 |
Both |
87 Days | Oct-22 |
Unsecured Loan | Ashv Finance Limited |
5,78,381 |
Both |
88 Days | Oct-22 |
Unsecured Loan | Clix Capital Services Private Limited | 90,930 |
Both | 90 Days | Oct-22 |
Unsecured Loan | IDFC First Bank Limited |
1,19,765 |
Both |
90 Days | Oct-22 |
Secured Loan | IDFC First Bank Limited |
38,662 |
Both |
90 Days | Oct-22 |
Secured Loan | Jain Sons (Ashv Finance Limited) | 1,19,304 |
Both |
87 Days | Oct-22 |
Unsecured Loan | Magma Fincorp Limited |
59,709 |
Both |
58 Days | Oct-22 |
Unsecured Loan | Moneywise Financial Services Private Limited | 96,412 |
Both |
88 Days | Oct-22 |
Unsecured Loan | NeoGrowth Credit Private Limited |
29,517 |
Both |
87 Days | Oct-22 |
Unsecured Loan | NeoGrowth Credit Private Limited | 29,517 |
Both |
103 Days | Oct-22 |
Secured Loan | HDFC Bank Limited |
1,48,462 |
Interest |
1 Days | Nov-22 |
Secured Loan | Electronica Finance Limited | 4,19,685 |
Both |
Un Paid |
Nov-22 |
Secured Loan | HDFC Bank Limited |
1,16,408 |
Both |
1 Days | Nov-22 |
Secured Loan | HDFC Bank Limited |
18,796 |
Both |
23 Days | Nov-22 |
Secured Loan | HDFC Bank Limited |
12,58,073 |
Both |
23 Days | Nov-22 |
Secured Loan | HDFC Bank Limited |
18,341 |
Both |
3 Days | Nov-22 |
Secured Loan | Hero Fincorp Limited |
1,47,022 |
Both |
58 Days | Nov-22 |
Secured Loan | Hero Fincorp Limited |
2,86,456 |
Both |
58 Days | Nov-22 |
Secured Loan | Small Industries Development Bank of India |
7,13,618 |
Both |
86 Days |
Nov-22 |
Secured Loan | Small Industries Development Bank of India |
2,04,035 |
Both |
86 Days |
Nov-22 |
Finance Lease | Siemens Financial Services Private Limited | 4,80,454 | Rental | Un Paid | Nov-22 |
Secured Loan | Tata Capital Financial Services Limited | 2,10,505 |
Both |
56 Days | Nov-22 |
Secured Loan | Tata Capital Financial Services Limited |
3,86,000 |
Both |
51 Days | Nov-22 |
Secured Loan | Tata Capital Financial Services Limited | 8,298 |
Interest |
51 Days | Nov-22 |
Unsecured Loan | Tata Capital Financial Services Limited |
91,558 |
Both |
87 Days | Nov-22 |
Unsecured Loan | Aditya Birla Finance Limited | 1,87,237 |
Both |
87 Days | Nov-22 |
Unsecured Loan | Aditya Birla Finance Limited |
31,807 |
Both |
56 Days | Nov-22 |
Unsecured Loan | Ashv Finance Limited |
5,78,381 |
Both |
Un Paid |
Nov-22 |
Unsecured Loan | Clix Capital Services Private Limited | 90,930 |
Both | Un Paid |
Nov-22 |
Unsecured Loan | IDFC First Bank Limited |
1,19,765 |
Both |
Un Paid |
Nov-22 |
Secured Loan | IDFC First Bank Limited |
38,662 |
Both |
90 Days | Nov-22 |
Secured Loan | Jain Sons (Ashv Finance Limited) | 1,19,304 |
Both |
88 Days | Nov-22 |
Unsecured Loan | Magma Fincorp Limited |
59,709 |
Both |
58 Days | Nov-22 |
Unsecured Loan | Moneywise Financial Services Private Limited | 96,412 |
Both |
58 Days | Nov-22 |
Unsecured Loan | NeoGrowth Credit Private Limited |
29,517 |
Both |
Un Paid |
Nov-22 |
Unsecured Loan | NeoGrowth Credit Private Limited | 29,517 |
Both |
Un Paid |
Nov-22 |
Secured Loan | HDFC Bank Limited |
1,48,462 |
Interest |
9 Days | Dec-22 |
Secured Loan | Electronica Finance Limited | 4,19,685 |
Both |
Un Paid |
Dec-22 |
Secured Loan | HDFC Bank Limited |
1,16,408 |
Both |
9 Days | Dec-22 |
Secured Loan | HDFC Bank Limited |
18,796 |
Both |
15 Days | Dec-22 |
Secured Loan | HDFC Bank Limited |
12,58,073 |
Both |
15 Days | Dec-22 |
Secured Loan | HDFC Bank Limited |
18,341 |
Both |
10 Days | Dec-22 |
Secured Loan | Hero Fincorp Limited |
1,47,022 |
Both |
Un Paid |
Dec-22 |
Secured Loan | Hero Fincorp Limited |
2,86,456 |
Both |
29 Days | Dec-22 |
Secured Loan | Small Industries Development Bank of India |
7,13,618 |
Both |
87 Days |
Dec-22 |
Secured Loan | Small Industries Development Bank of India |
2,04,035 |
Both |
86 Days |
Dec-22 |
Finance Lease | Siemens Financial Services Private Limited | 4,80,454 | Rental | Un Paid | Dec-22 |
Secured Loan | Tata Capital Financial Services Limited | 2,10,505 |
Both |
Un Paid |
Dec-22 |
Secured Loan | Tata Capital Financial Services Limited |
3,85,360 |
Both |
Un Paid |
Dec-22 |
Secured Loan | Tata Capital Financial Services Limited | 8,575 |
Interest |
21 Days | Dec-22 |
Unsecured Loan | Tata Capital Financial Services Limited |
91,558 |
Both |
Un Paid |
Dec-22 |
Unsecured Loan | Aditya Birla Finance Limited | 1,87,237 |
Both |
Un Paid |
Dec-22 |
Unsecured Loan | Aditya Birla Finance Limited |
31,807 |
Both |
Un Paid |
Dec-22 |
Unsecured Loan | Ashv Finance Limited |
5,78,381 |
Both |
Un Paid |
Dec-22 |
Unsecured Loan | Clix Capital Services Private Limited | 90,930 |
Both | Un Paid |
Dec-22 |
Unsecured Loan | IDFC First Bank Limited |
1,19,765 |
Both |
Un Paid |
Dec-22 |
Secured Loan | IDFC First Bank Limited |
38,662 |
Both |
Un Paid |
Dec-22 |
Secured Loan | Jain Sons (Ashv Finance Limited) | 1,19,304 |
Both |
Un Paid |
Dec-22 |
Unsecured Loan | Magma Fincorp Limited |
59,709 |
Both |
28 Days | Dec-22 |
Unsecured Loan | Moneywise Financial Services Private Limited | 96,412 |
Both |
Un Paid |
Dec-22 |
Unsecured Loan | NeoGrowth Credit Private Limited |
29,517 |
Both |
Un Paid |
Dec-22 |
Unsecured Loan | NeoGrowth Credit Private Limited | 29,517 |
Both |
Un Paid |
Dec-22 |
Secured Loan | HDFC Bank Limited |
1,48,462 |
Interest |
14 Days | Jan-23 |
Secured Loan | Electronica Finance Limited | 4,19,685 |
Both |
Un Paid |
Jan-23 |
Secured Loan | HDFC Bank Limited |
1,16,408 |
Both |
14 Days | Jan-23 |
Secured Loan | HDFC Bank Limited |
18,796 |
Both |
18 Days | Jan-23 |
Secured Loan | HDFC Bank Limited |
12,58,073 |
Both |
21 Days | Jan-23 |
Secured Loan | HDFC Bank Limited |
18,341 |
Both |
3 Days | Jan-23 |
Secured Loan | Hero Fincorp Limited |
1,47,022 |
Both |
Un Paid |
Jan-23 |
Secured Loan | Hero Fincorp Limited |
2,86,456 |
Both |
Un Paid |
Jan-23 |
Secured Loan | Small Industries Development Bank of India |
7,13,618 |
Both |
80 Days |
Jan-23 |
Secured Loan | Small Industries Development Bank of India |
2,04,035 |
Both |
80 Days |
Jan-23 |
Finance Lease | Siemens Financial Services Private Limited | 4,80,454 | Rental | Un Paid | Jan-23 |
Secured Loan | Tata Capital Financial Services Limited | 2,10,505 |
Both |
Un Paid |
Jan-23 |
Secured Loan | Tata Capital Financial Services Limited |
3,85,360 |
Both |
Un Paid |
Jan-23 |
Secured Loan | Tata Capital Financial Services Limited | 8,298 |
Interest |
Un Paid |
Jan-23 |
Unsecured Loan | Tata Capital Financial Services Limited |
91,558 |
Both |
Un Paid |
Jan-23 |
Unsecured Loan | Aditya Birla Finance Limited | 1,87,237 |
Both |
Un Paid |
Jan-23 |
Unsecured Loan | Aditya Birla Finance Limited |
31,807 |
Both |
Un Paid |
Jan-23 |
Unsecured Loan | Ashv Finance Limited |
5,78,381 |
Both |
Un Paid |
Jan-23 |
Unsecured Loan | Clix Capital Services Private Limited | 90,930 |
Both | Un Paid |
Jan-23 |
Unsecured Loan | IDFC First Bank Limited |
1,19,765 |
Both |
Un Paid |
Jan-23 |
Secured Loan | IDFC First Bank Limited |
38,662 |
Both |
Un Paid |
Jan-23 |
Secured Loan | Jain Sons (Ashv Finance Limited) | 1,19,304 |
Both |
Un Paid |
Jan-23 |
Unsecured Loan | Magma Fincorp Limited |
59,709 |
Both |
Un Paid |
Jan-23 |
Unsecured Loan | Moneywise Financial Services Private Limited | 96,412 |
Both |
Un Paid |
Jan-23 |
Unsecured Loan | NeoGrowth Credit Private Limited |
29,517 |
Both |
Un Paid |
Jan-23 |
Unsecured Loan | NeoGrowth Credit Private Limited | 29,517 |
Both |
Un Paid |
Jan-23 |
Secured Loan | HDFC Bank Limited |
1,48,462 |
Interest |
10 Days | Feb-23 |
Secured Loan | Electronica Finance Limited | 4,19,685 |
Both |
Un Paid |
Feb-23 |
Secured Loan | HDFC Bank Limited |
1,16,408 |
Both |
10 Days | Feb-23 |
Secured Loan | HDFC Bank Limited |
18,796 |
Both |
0 Days | Feb-23 |
Secured Loan | HDFC Bank Limited |
12,58,073 |
Both |
49 Days | Feb-23 |
Secured Loan | HDFC Bank Limited |
18,341 |
Both |
12 Days | Feb-23 |
Secured Loan | Hero Fincorp Limited |
1,47,022 |
Both |
Un Paid |
Feb-23 |
Secured Loan | Hero Fincorp Limited |
2,86,456 |
Both |
Un Paid |
Feb-23 |
Secured Loan | Small Industries Development Bank of India |
7,13,618 |
Both |
Un Paid |
Feb-23 |
Secured Loan | Small Industries Development Bank of India |
2,04,035 |
Both |
Un Paid |
Feb-23 |
Finance Lease | Siemens Financial Services Private Limited | 4,80,454 | Rental | Un Paid | Feb-23 |
Secured Loan | Tata Capital Financial Services Limited | 2,10,505 |
Both |
Un Paid |
Feb-23 |
Secured Loan | Tata Capital Financial Services Limited |
3,85,360 |
Both |
Un Paid |
Feb-23 |
Secured Loan | Tata Capital Financial Services Limited | 8,298 |
Interest |
Un Paid |
Feb-23 |
Unsecured Loan | Tata Capital Financial Services Limited |
91,558 |
Both |
Un Paid |
Feb-23 |
Unsecured Loan | Aditya Birla Finance Limited | 1,87,237 |
Both |
Un Paid |
Feb-23 |
Unsecured Loan | Aditya Birla Finance Limited |
31,807 |
Both |
Un Paid |
Feb-23 |
Unsecured Loan | Ashv Finance Limited |
5,78,381 |
Both |
Un Paid |
Feb-23 |
Unsecured Loan | Clix Capital Services Private Limited | 90,930 |
Both | Un Paid |
Feb-23 |
Unsecured Loan | IDFC First Bank Limited |
1,19,765 |
Both |
Un Paid |
Feb-23 |
Secured Loan | IDFC First Bank Limited |
38,662 |
Both |
Un Paid |
Feb-23 |
Secured Loan | Jain Sons (Ashv Finance Limited) | 1,19,304 |
Both |
Un Paid |
Feb-23 |
Unsecured Loan | Magma Fincorp Limited |
59,709 |
Both |
Un Paid |
Feb-23 |
Unsecured Loan | Moneywise Financial Services Private Limited | 96,412 |
Both |
Un Paid |
Feb-23 |
Unsecured Loan | NeoGrowth Credit Private Limited |
29,517 |
Both |
Un Paid |
Feb-23 |
Unsecured Loan | NeoGrowth Credit Private Limited | 29,517 |
Both |
Un Paid |
Feb-23 |
Secured Loan | HDFC Bank Limited | 1,48,462 |
Interest |
Un Paid |
Mar-23 |
Secured Loan | Electronica Finance Limited | 4,19,685 |
Both |
Un Paid |
Mar-23 |
Secured Loan | HDFC Bank Limited |
1,16,408 |
Both |
Un Paid |
Mar-23 |
Secured Loan | HDFC Bank Limited | 18,796 |
Both |
21 Days | Mar-23 |
Secured Loan | HDFC Bank Limited | 12,58,073 |
Both |
Un Paid |
Mar-23 |
Secured Loan | HDFC Bank Limited | 18,341 |
Both |
Un Paid |
Mar-23 |
Secured Loan | Hero Fincorp Limited |
1,47,022 |
Both |
Un Paid |
Mar-23 |
Secured Loan | Hero Fincorp Limited |
2,86,456 |
Both |
Un Paid |
Mar-23 |
Secured Loan | Small Industries Development Bank of India |
7,13,618 |
Both |
Un Paid |
Mar-23 |
Secured Loan | Small Industries Development Bank of India |
2,04,035 |
Both |
Un Paid |
Mar-23 |
Finance Lease | Siemens Financial Services Private Limited | 4,80,454 | Rental | Un Paid | Mar-23 |
Secured Loan | Tata Capital Financial Services Limited | 2,10,505 |
Both |
Un Paid |
Mar-23 |
Secured Loan | Tata Capital Financial Services Limited |
3,85,360 |
Both |
Un Paid |
Mar-23 |
Secured Loan | Tata Capital Financial Services Limited | 8,298 |
Interest |
Un Paid |
Mar-23 |
Unsecured Loan | Tata Capital Financial Services Limited |
91,558 |
Both |
Un Paid |
Mar-23 |
Unsecured Loan | Aditya Birla Finance Limited | 1,87,237 |
Both |
Un Paid |
Mar-23 |
Unsecured Loan | Aditya Birla Finance Limited |
31,807 |
Both |
Un Paid |
Mar-23 |
Unsecured Loan | Ashv Finance Limited |
5,78,381 |
Both |
Un Paid |
Mar-23 |
Unsecured Loan | Clix Capital Services Private Limited | 90,930 |
Both | Un Paid |
Mar-23 |
Unsecured Loan | IDFC First Bank Limited |
1,19,765 |
Both |
Un Paid |
Mar-23 |
Secured Loan | IDFC First Bank Limited |
38,662 |
Both |
Un Paid |
Mar-23 |
Secured Loan | Jain Sons (Ashv Finance Limited) | 1,19,304 |
Both |
Un Paid |
Mar-23 |
Unsecured Loan | Magma Fincorp Limited |
59,709 |
Both |
Un Paid |
Mar-23 |
Unsecured Loan | Moneywise Financial Services Private Limited | 96,412 |
Both |
Un Paid |
Mar-23 |
Unsecured Loan | NeoGrowth Credit Private Limited |
29,517 |
Both |
Un Paid |
Mar-23 |
Unsecured Loan | NeoGrowth Credit Private Limited | 29,517 |
Both |
Un Paid |
Mar-23 |
The company is not a Nidhi Company. Therefore, the provisions of Clause (xii) of paragraph 3 of the order are not applicable to the Company.
As per the information and explanations received to us all transactions with the related parties are in compliance with the provisions of sections 177 and 188 of Companies Act where applicable, and the details have been disclosed in the standalone financial statements, etc., as required by the applicable accounting standards. Identification of related parties were made and provided by the management of the company.
a.) The company is covered by section 138 of the Companies Act, 2013, related to appointment of internal auditor of the company. The company has an internal audit system commensurate with the size and nature of its business. As per information and explanation provided to us, the company has appointed an Internal Auditor for the year under audit.
b.) However, there was no proper quarterly and annual Internal Audit plan and documentation of the quarterly/ annual audit available. The Internal Auditor has not covered many areas for audit i.e. Inventory, Accounting, Financing, Human Resources, Compliance and Information Technology (IT systems).Company
should re-visit the existing internal controls and strengthen them since there are requirement of improvements commensurate to the size of the company
The Company has not entered into any non-cash transactions with directors or persons connected with him for the year under audit. Therefore, the provisions of Clause (xv) of paragraph 3 of the order are not applicable to the Company.
a.) Company has incurred losses during the current and previous year. Therefore it is not required to spend any amount on CSR activities since the provisions of CSR are not applicable on the company.
In the opinion of directors of the Company there is no unspent amount which is required to be deposited in a fund specified in the schedule VII to the Companies Act with in specified time period.
b. There is no remaining unspent amount under sub section 5 of section 135 of theCompanies Act, pursuant to any ongoing project. Therefore, no amount was required to be transferred to special account as per the provisions of sub section
(6) of section 135 of the said Act.
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.