To
The members of
Mega Fin (India) Limited
Report on the Financial Statements
Opinion
We have audited the accompanying financial statements of MEGA FIN (INDIA) LIMITED
(CIN: L65990MH1982PLC027165) ("the Company"), which comprise the Balance
Sheet as at 31st March 2023, the Statement of Profit and Loss (including Other
Comprehensive Income) the Statement of Cash Flows and the Statement for Changes in Equity
for the year ended, and notes to the financial statements, including a summary of
significant accounting policies and other explanatory information (herein after referred
to as "the financial statements").
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 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 31st March, 2023, the profit and total
comprehensive income, changes in equity and its cash flows for the year ended on that
date.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified
under Section 143(10) of the Companies Act, 2013. Our responsibilities under those
Standards are further described in the Auditors Responsibilities for the Audit of the
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 together with the ethical requirements that are relevant to our audit of the
financial statements under the provisions of the Companies Act, 2013 and the Rules
thereunder, and we have fulfilled our other ethical responsibilities in accordance with
these requirements and the Code of Ethics. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion on the 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 financial statements of the current period. These matters
were addressed in the context of our audit of the financial statement as a whole, and in
forming our opinion thereon, and we do not provide a separate opinion on these matters. We
have determined that there are no key audit matters to communicate in our report.
a. We draw attention to the Financial Results in which the Financial Statements have
been prepared by the management on a going concern basis even though the company has
substantial accumulated losses. Further as per Section 45-IA of the RBI Act, 1934, no
Non-banking Financial company can commence or carry on business of a non-banking financial
institution without having a Net Owned Funds of Rs.200 Lakh. In Case of the Company the
NOF as come to less than Rs.200 Lakhs, hence the company cannot continue as a Non-Banking
Financial Company.
Information other than the Financial Statements and Auditors Report thereon
The Companys Board of Directors is responsible for the other information. The other
information comprises the information included in the Annual Report but does not include
the financial statements and our auditors 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 in the
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.
Managements Responsibility 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 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 implementation and maintenance of 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 statement 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
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 management
either intends to liquidate the Company or to cease operations, or has no realistic
alternative but to do so.
Those 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:
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 managements 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 Companys
ability to continue as a going concern. If we conclude that a material uncertainty exists,
we are required to draw attention in our auditors 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 auditors
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
auditors 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 report 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), the Statement of Cash Flow and the Statement of Changes in Equity dealt with by
this Report are in agreement with the books of account;
d) In our opinion, the aforesaid financial statements comply with the Indian Accounting
Standards specified under Section 133 of the Act, read with relevant rules issued
thereunder.
e) On the basis of written representations received from the directors as on 31st
March 2023 taken on record by the Board of Directors, none of the directors is
disqualified as on 31st March 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";
g) With respect to the other matters to be included in the Auditors 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 not 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 Auditors 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 does not have any pending litigation which would impact its financial
position in its financial statements.
ii. The Company did not have any long-term contracts including derivative contracts for
which there were any material foreseeable losses under the applicable law or accounting
standards;
iii. There has been no delay in transferring amounts, required to be transferred, to
the Investor Education and Protection Fund by the Company, if any.
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 (a) and
(b) above, contain any material misstatement.
v. (a) The Company has not paid, proposed or declared any dividend during the year and
until the date of report, Hence, Compliance in accordance with section 123 of the Act is
not applicable.
2. As required by the Companies (Auditors Report) Order, 2020 ("the Order")
issued by the
Central Government of India in terms of Section 143(11)of the Act, we give in the "Annexure-
B" a statement on the matters specified in paragraphs 3 and 4 of the Order.
ANNEXURE ‘A TO THE INDEPENDENT AUDITORS REPORT
(Referred to in paragraph 1(f) under the heading ‘Report on Other Legal and
Regulatory Requirements of our report of even date)
Report on the Internal Financial Controls 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 Mega Fin
(India) Limited ("the Company") as of 31st March, 2023 in
conjunction with our audit of the financial statements of the Company for the year ended
on that date.
Managements Responsibility for Internal Financial Controls
The Companys management 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 (the
"Guidance Note") issued by the Institute of Chartered Accountants of India
("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
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 Companys internal financial
controls over financial reporting based on our audit. We conducted our audit in accordance
with the Guidance Note and the Standards on Auditing, issued by ICAI and deemed to be
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 judgments, 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 Companys 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 authorisations of
management and directors of the company; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorised 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 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 explanation given to
us, the Company has maintained, in all material respects, adequate internal financial
controls over financial reporting and such internal financial controls over financial
reporting were operating effectively as at 31st March 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.
ANNEXURE ‘B TO THE INDEPENDENT AUDITORS REPORT
(Referred to in paragraph 2 under the heading ‘Report on Other Legal and
Regulatory Requirements of our report 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:
1. In respect of the Companys Property, Plant and Equipment and Intangible Assets:
a) (A) The Company does not have any Property, Plant and Equipment and accordingly,
reporting under clause 3(i)(a)(A) of the Order is not applicable to the Company.
(B) The Company does not hold any intangible assets during the year.
b) The Property, Plant and Equipment have been physically verified by the management in
accordance with a phased program of verification, in accordance with this program certain
Property, Plant and Equipment were verified by the management during the year. In our
opinion, it is reasonable having regard to the size of the Company and the nature of its
assets, no material discrepancies were noticed on such verification.
c) According to the information and explanations given to us and the records examined
by us in respect of immovable properties disclosed as Property, Plant and Equipment (other
than properties where the Company is the lessee and the lease agreements are duly executed
in favour of the lessee) in the financial statements are in the name of the Company.
d) The Company has not revalued any of its Property, Plant and Equipment (including
right-of-use assets) and intangible assets or both 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,
2. a) The Company does not have any revenue from operations and does not have any
physical inventories however financial securities are held as inventories and accordingly,
reporting under clause (ii) of the order is not applicable to the Company.
b) According to information and explanations given to us, The Company has not been
availed any working capital limits in excess of 5 crore, in aggregate, at any points of
time during the year, from banks or financial institutions on the basis of security of
current assets. Consequently, the requirement of clause (ii) (b) of paragraph 3 of the
Order is not applicable to the Company.
3. According to information and explanations given to us, during the year the Company
has not made investment in Companies. The Company has not provided any guarantee or
security or granted any advances in the nature of loans, secured or unsecured, to
companies, firms, limited liability partnerships or any other parties.
The Company has granted loans to one company during the year, details of the loan is
stated in sub-clause(a) below a)
A. According to information and explanations given to us during the year company has
not provided loan or advances in the nature of loans or stood guarantee or provided
security to subsidiaries, joint ventures and associates.
B. According to information and explanations given to us during the year company has
provided unsecured loans to other parties other than subsidiaries, joint ventures and
associates as below
| Particulars |
Amount |
| Aggregate amount granted during the year Others |
Nil |
| Balance outstanding as at balance sheet date Other |
2.29 Crores |
The Company has not provided any advances in the nature of loans, guarantee or security
to any other entity during the year.
b) In our opinion, the investment made during the year and the terms and condition of
the grant of all loans provided are prima facie not prejudicial to the company interest.
c) In respect of loans given, the repayment of principal and payment of interest has
been stipulated and the repayments or receipts has been regular except as following.
| Name of the entity |
Natur e |
Amount |
Extent of delay |
Remarks (if any) |
| Laxmipati Management Services Private Limited |
Intere st |
0.22 Crore |
In the Range of 1- 365 |
- |
d) According to information and explanations given to us and on the basis of our
examination of the records of the Company in respect of loans granted by the Company,
there is no overdue amount remaining outstanding as at balance sheet date.
e) According to the information and explanations given to us and on the basis of our
examination of the records of the Company, there is no any loan given falling due during
the year, which has been renewed to settle the overdues of existing loans given to the
same party.
f) According to the information and explanations given to us and on the basis of our
examination of the records of the Company, the Company has not given any loans either
repayable on demand or without specifying any terms or period of repayment. Hence,
reporting under clause (iii)(f) of paragraph 3 is not applicable.
4. According to According to information and explanations given to us, the Company has
not granted any secured or unsecured loan or provided any guarantee or security as per
provisions of Section 185 of the Act. The Company has complied with the provisions of
Section 186 of the Act with regard to the granting of loan and investments made during the
year.
5. According to the information and explanations given to us, the Company has not
accepted any deposits within the meaning of Sections 73 to 76 or any other relevant
provisions of the Companies Act and the rules framed thereunder during the year.
Accordingly, the provisions of clause (v) of paragraph 3 of the Order are not applicable
to the Company.
6. In our opinion and according to the information and explanations given to us, the
requirement for maintenance of cost records specified by the Central Government under
Section 148(1) of the Companies Act, are not applicable to the Company during the year.
7. a) According to the information and explanation given to us, the Company has been
generally regular in depositing the undisputed statutory dues including provident fund,
employees state insurance, income tax, sales tax, service tax, Goods and Service Tax,
custom duty, excise duty, value added tax, cess and other material statutory dues as
applicable with the appropriate authorities. No undisputed amounts payable in respect of
aforesaid statutory dues were outstanding as on the last day of the financial year for a
year of more than six months from the date they became payable
| Name of the Statute |
Nature of Dues |
Amount of Dues |
| Income Tax Act, 1961 |
TDS Payment |
1,84,320 |
b) Acc According to the information and explanations given to us, there are no dues of
sales tax, service tax, customs duty, excise duty, goods and service tax and cess, which
have not been deposited on account of any dispute with the relevant authorities except the
following:
| Sr. No Nature of Status |
Nature of Dues |
Amount in Rs |
Assessment Year to which Related |
Forum where Dispute is Pending |
| 1. Income Tax |
Income Tax |
1,25,970 |
2020-21 |
|
(b) The Company has not been declared wilful defaulter by any bank or financial
institution or government or any government authority.
(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, no funds has
been raised on short-term basis by the Company . Accordingly, clause 3(ix)(d) of the Order
is not applicable.
(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 any loans during the year and hence reporting on clause
3(ix)(f) of the Order is not applicable.
10. (a) According to the information and explanations given to us, the Company has not
raised any money by way of initial public offer or further public offer (including debt
instruments) and the term loans during the year.
(b) During the year, the company has not made preferential allotment or private
placement of shares.
11. (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 up to the date of this report.
(c) We have taken into consideration the whistleblower complaints received by the
Company during the year, if any (and up to the date of this report), while determining the
nature, timing and extent of our audit procedures.
12. In our opinion and according to the information and explanations given to us, the
Company is not a Nidhi Company. Accordingly, the provisions of clause 3(xii) of the Order
are not applicable to the Company.
13. In our opinion and according to the information and explanations given to us the
Company is in compliance with Sections 177 and 188 of the Companies Act, 2013, where
applicable, for all transactions with the related parties and the details of related party
transactions have been disclosed in the financial statements etc. as required by the
applicable accounting standards.
14. (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 and till date, in determining the nature, timing and extent of
our audit procedures.
15. 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.
16. (a) In our opinion, the company is required to be registered under section 45 IA of
the
Reserve Bank of India Act, 1934 and the registration has been obtained.
(b) The Company has not conducted any Non-Banking Financial or Housing Finance
activities without obtaining a valid Certificate of Registration (CoR) from the Reserve
Bank of India as per the Reserve Bank of India Act, 1934.
(c) According to the information and explanations given to us, the Company is not a
Core Investment Company (CIC) as defined in the regulations made by the RBI. Accordingly,
reporting under clause 3(xvi)(c) of the Order is not applicable to the Company.
(d) Based on the information and explanations given to us and as represented by the
management of the Company, the Group (as defined in Core Investment Companies (Reserve
Bank) Directions, 2016) does not have any CIC.
17. The Company has not incurred cash losses during the financial year covered by our
audit and the immediately preceding financial year.
18. There has been no resignation of the statutory auditors of the Company during the
year.
Accordingly, clause 3(xviii) of the Order is not applicable.
19. On the basis of the financial ratios, ageing and expected dates of realization of
financial assets and payment of financial liabilities, other information accompanying the
financial statements and our knowledge 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.
20. (a) There are no unspent amounts towards Corporate Social Responsibility (CSR)
requiring a transfer to a Fund specified in Schedule VII to the Companies Act in
compliance with second proviso to sub-section (5) of Section 135 of the said Act.
Accordingly, reporting under clause 3(xx)(a) of the Order is not applicable for the year.
(b) There are no unspent amounts towards Corporate Social Responsibility (CSR)
requiring a transfer to a special account in compliance with provision of sub section (6)
of section 135 of the said Act. Accordingly, reporting under clause 3(xx)(b) of the Order
is not applicable for the year.
|
For Maheshwari & Co. |
|
Chartered Accountants |
|
Firms Registration No.105834W |
|
K. K. Maloo |
|
Partner |
| Place: Mumbai |
Membership No. 075872 |
| Date: May 11, 2023 |
UDIN: 23075872BGWDCW6464 |
+91-9892691696
