To,
The Mambers of
Neeraj Paper Marketing
Limited
Financial Statements
Opinion
We have audited the
accompanying standalone financial statements of Neeraj Paper Marketing Limited (the
Company), which comprise the Balance Sheet as at March 31, 2023, the Statement of
Profit and Loss (including 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 the
significant accounting policies and other explanatory information (hereinafter referred to
as the standalone nancial statements).
In our opinion and to
the best of our information and according to the explanations given to us, the aforesaid
standalone 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, the pro t and total comprehensive income, changes in equity
and its cash ows for the year ended on that date.
Basis for Opinion
We conducted our audit
of the standalone financial statements in accordance with the Standards on Auditing speci
ed under section 143(10) of the Act (SAs). Our responsibilities under those Standards are
further described in the Auditors Responsibilities for the Audit of the Standalone
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 independence requirements that are relevant to our audit of
the standalone financial statements under the provisions of the Act and the Rules made
there under, and we have fulfilled our other ethical responsibilities in accordance with
these requirements and the ICAIs Code of Ethics. We believe that the audit evidence
we have obtained is su icient and appropriate to provide a basis for our audit opinion on
the standalone nancial statements.
Key Audit Matters
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.
Information Other than
the Standalone Financial Statements and Auditors Report Thereon
The Companys
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,
Boards Report including Annexure to Boards Report, Business Responsibility
Report, Corporate Governance and Shareholders Information, but does not include the
standalone nancial 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 standalone 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.
Managements
Responsibility for the Standalone Financial Statements
The Companys
Board of Directors is responsible for the matters stated in section 134(5) of 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, total 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 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, 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 nancial reporting
process.
Auditors
Responsibilities for the Audit of the Standalone Financial Statements
Our objectives are to
obtain reasonable assurance about whether the standalone 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 in uence the economic decisions of users taken on the basis of
these standalone nancial 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 standalone financial statements, whether due to fraud or error, design
and perform audit procedures responsive to those risks, and obtain audit evidence that is
su icient 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 _inancial
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 _inancial controls
system in place and the operating e ectiveness 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
signi_icant 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 standalone _inancial 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 standalone _inancial statements, including the disclosures, and whether the
standalone _inancial statements represent the underlying transactions and events in a
manner that achieves fair presentation.
Materiality is the
magnitude of misstatements in the standalone _inancial statements that, individually or in
aggregate, makes it probable that the economic decisions of a reasonably knowledgeable
user of the _inancial statements may be in_luenced. 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 e ect of any identi_ied misstatements in the
inancial statements.
We communicate with
those charged with governance regarding, among other matters, the planned scope and timing
of the audit and signi icant audit indings, including any signi icant de_iciencies 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 signi_icance in the audit of the standalone _inancial 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 1A.s
required by Section 143 (3) of the Act, 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 purposes 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, 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 Standalone Ind AS _inancial statements comply with the Accounting Standards
prescribed under section 133 of the Act, read with relevant rule issued thereunder.
e) On the basis of the
written representations received from the directors as on March 31, 2023 taken on record
by the Board of Directors, none of the directors is disquali_ied 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. Our report expresses an unmodified opinion on the adequacy and operating
effectiveness of the Companys internal nancial controls over nancial reporting. g)
With respect to the matter to be included in the Auditors Report under section
197(16), In our opinion and according to the information and explanations given to us, the
remuneration paid by the Company to its directors during the current year is in accordance
with the provisions of section 197 of the Act. The remuneration paid to any director is
not in excess of the limit laid down under section 197 of the Act. The Ministry of
Corporate Affairs has not prescribed other details under section 197(16) which are
required to be commented upon by us. 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, in our opinion and to the best of our information and
according to the
explanations given to us: i) The Company has disclosed the impact of pending litigations
on its financial position in its
standalone Ind AS
nancial statements. ii) The Company did not have any long-term contracts including
derivative contracts for which there were any material foreseeable losses; and iii) There
were no amounts 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, other than as disclosed in the notes to the accounts, no funds 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(s) or
entity(ies), including foreign entities (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 Bene ciaries)
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, other than as disclosed
in the notes to the accounts, no funds have been received by the company from any
person(s) or entity(ies), including foreign entities (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 Bene ciaries)
or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;
and (c)Based on such 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 mis-statement;
v) No dividend have
been declared or paid during the year by the company. vi) As proviso to rule 3(1) of the
Companies (Accounts) Rules, 2014 is applicable for the company w.e.f.
April, 12023, hence
reporting this clause is not applicable.
2 As
required by the Companies (Auditors Report) Order, 2016 (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 speci ed in paragraphs 3 and 4 of the Order.
Annexure A
To the Independent Auditors Report
(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) as referred to in paragraph
1(f) of Report on Other Legal and Regulatory Requirements section)
We have audited the
internal financial controls over financial reporting of Neeraj Paper Marketing Limited (the
Company) as of March 31, 2023 in conjunction with our audit of the standalone Ind AS
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 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 ef cient 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
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 standalone Ind AS nancial statements, whether due
to fraud or error.
We believe that the
audit evidence we have obtained is su icient and appropriate to provide a basis for our
audit
opinion on the
Companys internal nancial controls
system over nancial 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 re ect 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 nancial 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 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.
ANNEXURE B
REFERRED TO IN PARAGRAPH 2 UNDER THE HEADING REPORT ON OTHER LEGAL AND REGULATORY
REQUIREMENTS OF OUR REPORT OF EVEN DATE ON THE STANDALONE FINANCIAL STATEMENTS OF
NEERAJ PAPERMARKETING LIMITED FOR THE YEAR ENDED MARCH 31, 2023
(i) (a) (A) The
Company has maintained proper records showing full particulars, including quantitative
details and
situation of Property,
Plant and Equipment.
(B) The Company does
not have any intangible assets.
(b) The Company has a
regular programme of physical verification of its Property, Plant and Equipment by which
Property, Plant and Equipment are verified in a phased manner over a period of three
years, which in our opinion, is reasonable having regard to the size of the Company and
nature of its Property, Plant and Equipment. As per the programme certain Property, Plant
and Equipment have been verified during the year, based on information provided to us, no
material discrepancies were noticed on such veri cation.
(c) According to the
information and explanations given to us and on the basis of our examination of the of the
registered sale deed / transfer deed / conveyance deed provided to us, we report that, the
title deeds of all the
immovable properties,
(other than immovable properties where the Company is the lessee and the lease agreements
are duly executed in favour of the Company) disclosed in the financial statements included
in property, plant and equipment, are held in the name of the Company as at the balance
sheet date.
The Company has not
revalued any of its property, plant and equipment (including Right of Use assets) and
(d) intangible assets
during the year.
(e) According to the
information and explanations given to us and records provided, 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 per the
physical verification program, the inventories were physically verified during the year by
the Management at reasonable intervals. In our opinion and according to the information
and explanations given to us, the coverage and procedure of such verification by the
Management is appropriate having regard to the size of the Company and the nature of its
operations. No discrepancy of 10% or more in the aggregate for each class of inventory
were noticed on physical verification of stocks by the management as compared to book
records.
(b) The company has
been sanctioned working capital limits in excess of five crore rupees, in aggregate, from
banks or financial institutions on the basis of security of current assets during any
point of time of the year. Further we have been informed by the company that no quarterly
return or statement is required to be filed with banks or financial institutions. Company
is only required to submit monthly statement of stocks and book debts, which is in
agreement of books of accounts of the company.
(iii) During the year
the company has not made investments in, nor 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. Accordingly, provisions of clause
3(iii)(a), 3(iii)(b), 3(iii)(c), 3(iii)(d), 3(iii)(e) and 3(iii)(f) of the Order are not
applicable to the Company. iv. According to information and explanation given to us, the
Company has not granted any loans, made investments or provided guarantees or securities
to the parties covered under the provisions of sections 185 of the Companies Act, 2013.
The Company has complied with the provisions of Section 186 of the Act in respect of loans
granted, investments made and guarantees and securities provided to the parties covered
under section 186 of the Act.
v. The company has not
accepted any deposits or amounts which are deemed to be deposits covered under sections 73
to
76 of the Companies
Act, 2013. Accordingly, clause 3(v) of the Order is not applicable.
vi. As per information
& explanation given by the management, maintenance of cost records has not been speci
ed by the
Central Government
under sub-section (1) of section 148 of the Companies Act.
vii. (a) According to
the records of the Company, the Company has generally been regular in depositing
undisputed statutory dues including Goods And Services Tax, Provident Fund, Employees
State Insurance, Income Tax, Sales Tax,Service Tax,Duty Of Customs, Duty Of Excise, value
added tax, cess and other material statutory dues with the appropriate authorities to the
extent applicable and there were no undisputed statutory dues payable in respect of Goods
and Service tax, Provident Fund, Employees State Insurance, Income-tax, Sales Tax,
Service Tax, duty of Custom, duty of Excise, Value Added 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 become payable.
(b) According to the
records and information & explanations given to us, details of statutory dues referred
to in
subclause (a) above
which have not been deposited as on March 31, 2023 on account of disputes are given
below:-
Name of statute |
Nature of Dues |
Period to which the
amount relates |
Forum where dispute is
pending |
Amount (Rs.) |
Remark (Amount Paid
Under Protest) |
Delhi Value Added
Tax Act 2004/Delhi |
Sales Tax/VAT |
2013-14 |
Assessing O icer
(VATO), Sales Tax Department |
1,03,06,315 |
|
Sales Tax Act
1975 |
Sales Tax/VAT |
2013-14 |
Assessing O icer
(VATO), Sales Tax Department |
1,22,19,538 |
|
Sales Tax/VAT |
2013-14 |
Assessing O icer
(VATO), Sales Tax Department |
1,36,24,628 |
45,50,000 |
|
Sales Tax/VAT |
2013-14 |
Assessing O icer
(VATO), Sales Tax Department |
76,10,112 |
||
Goods and Service
Tax Act |
GST |
2022-23 |
The Commission of
Trade & Taxes, GNCTD, Vyapar Bhawan Delhi |
28,20,000 |
28,20,000 |
Income Tax Act,
1961 |
Income Tax |
2012-13 |
DCIT Central Circle-28
New Delhi |
12,15,438 |
2,43,088 |
viii. There were no
transactions relating to previously unrecorded income that were surrendered or disclosed
as income in the tax assessments under the Income Tax Act, 1961 (43 of 1961) during the
year. ix. (a) In our opinion and according to the information and explanations given by
the management, we are of the opinion that the company has not defaulted in repayment of
loans or other borrowings or in the payment of interest thereon to any lender; (b) The
Company has not been declared wilful defaulter by any bank or financial institution or
government or any government authority (c) To the best of our knowledge and belief, in our
opinion, term loans availed by the Company were, applied by the Company during the year
for the purposes for which the loans were obtained (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 and based on the representations of
the Company, we report that the Company has neither taken any funds from any entity or
person during the year nor it has raised funds through issue of shares or borrowings on
account of or to meet the obligations of its subsidiaries, associates or joint ventures
(f) The Company has not raised loans during the year on the pledge of securities held in
its Subsidiaries or joint ventures or associate companies x. (a) The Company has not
raised moneys by way of initial public o er or further public o er (including debt
instruments) during the year and hence reporting under clause 3(x)(a) of the Order is not
applicable
(b) During the year,
the Company has not made any preferential allotment or private placement of shares or
convertible debentures (fully or partly or optionally) and hence reporting under clause
3(x)(b) of the Order is not applicable to the Company. xi. (a) Based on the audit
procedures performed and on the basis of information and explanations provided by the
management, 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 by the auditors in
Form ADT-4 as prescribed under rule 13 of Companies (Audit and Auditors) Rules, 2014 with
the Central Government;
(c) As represented to
us by the Management, there were no whistle blower complaints received by the Company
during the year Government, during the year and up to the date of this report. xii. In our
opinion and according to the information and explanations given to us, the Company is not
a Nidhi company and hence reporting under clause 3(xii) of the Order is not applicable
xiii. According to the
information and explanations and records made available by the management of the Company
and audit procedures performed, the Company is in compliance with Section 177 and 188 of
the Companies Act, where applicable, for all transactions with the related parties and the
details of related party transactions have been disclosed in the nancial statements etc.
as required by the applicable Indian 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 issued to the Company during the year and till date
in determining the nature, timing and extent of our audit procedures xv. On the basis of
records made available to us and according to information and explanations given to us,
the Company has not entered into non-cash transactions with the 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. The Company is not required to be registered
under section 45-IA of the Reserve Bank of India Act 1934 and hence reporting under clause
3(xvi)(a), (b) (c) and (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 nancial year. xviii. There was 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 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 and/or certificate
with respect to meeting financial obligations by the Company as and when they fall due. 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. Based on our
examination, the provision of section 135 are not applicable on the company. Hence this
clause is not
applicable on the
company
xxi.The reporting
under Clause 3(xxi) of the Order is not applicable in respect of audit of the standalone
financial
statements.
Accordingly, no comment in respect of the said clause has been included in this report.
For Goel Singhal &
Associates |
|
Chartered Accountants |
|
Firm Regd No. 006496C |
|
Sd/- |
|
(CA Sanjay Bansal) |
|
Dated: 30-05-2023 |
|
Partner |
|
Place: Delhi |
|
M.No. 078430 |
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