To,
The Members of
PRISM FINANCE LIMITED
Report on the Audit of the Standalone IND AS financial statements
Opinion
We have audited the accompanying standalone INDAS financial statements of PRISM
FINANCELIMITED (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 significant accounting policies and other explanatory information
(hereinafter referred to as the "standalone financial statements").
In our opinion and to the best of our information and according to the explanations
given to us, the aforesaid standalone IND AS financial statements give the information
required by the Companies Act, 2013 (the "Act") in the manner so required and
give a true and fair view in conformity with the Indian Accounting Standards prescribed
under section 133 of the Act read with the Companies (Indian Accounting Standards) Rules,
2015, as amended, ("Ind AS") and other accounting principles generally accepted
in India, of the state of affairs of the Company as at March 31, 2023 and its profit,
total comprehensive income, changes in equity and its cash flows for the year ended on
that date.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing ("SA"s)
specified under section 143(10) of the Act. 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 ethical requirements that are relevant to our
audit of the standalone financial statements under the provisions of the Act and the Rules
made thereunder, 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
obtained by us is sufficient and appropriate to provide a basis for our audit opinion on
the standalone IND AS financial statements.
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most
significance in our audit of thestandalone IND AS financial statements of the current
period. These matters were addressed in the context of our audit of the standalone IND AS
financial statements as a whole, and in forming our opinion thereon, and we do not provide
a separate opinion on these matters.
We have determined that there are no key audit matters to communicate in our report.
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 standalone IND AS financial statements and our auditors report thereon.
Our opinion on the standalone IND AS 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 IND AS 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.
Responsibilities of Management and Those Charged with Governance for the Standalone IND
AS 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 IND AS financial
statements that give a true and fair view of the financial position, financial
performance, including other comprehensive income, changes in equity and cash flows of the
Company in accordance with the IND AS and other accounting principles generally accepted
in India. This responsibility also includes maintenance of adequate accounting records in
accordance with the provisions of the Act for safeguarding the assets of the Company and
for preventing and detecting frauds and other irregularities; selection and application of
appropriate accounting policies; making judgments and estimates that are reasonable and
prudent; and design, implementation and maintenance of adequate internal financial
controls, that were operating effectively for ensuring the accuracy and completeness of
the accounting records, relevant to the preparation and presentation of the standalone IND
AS 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 IND AS 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.
The Board of Directors is also responsible for overseeing the Companys financial
reporting process.
Auditors Responsibilities for the Audit of the Standalone IND AS Financial Statements
Our objectives are to obtain reasonable assurance about whether the standalone IND AS
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 standalone IND AS financial statements.
As part of an audit in accordance with SAs, we exercise professional judgment and
maintain professional scepticism throughout the audit. We also:
? Identify and assess the risks of material misstatement of the standalone IND AS
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 control 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 the 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 standalone IND AS 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 standalone IND AS
financial statements, including the disclosures, and whether the standalone IND AS
financial statements represent the underlying transactions and events in a manner that
achieves fair presentation.
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 standalone IND AS 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 197(16) of the Act, we report that the company has paid
remuneration to its directors during the year in accordance with the provisions of and
limits laid down under section 197 read with schedule V to 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.
2. As required by the Companies (Auditors Report) Order, 2020 (the "Order")
issued by the Central Government in terms of Section 143(11) of the Act, we give in "Annexure
A" a statement on the matters specified in paragraphs 3 and 4 of the Order, to
the extent applicable.
3. As required by Section 143(3) of the Act, based on our audit we report that:
a. We have sought and obtained all the information and explanations which to the best
of our knowledge and belief were necessary for the 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 standalone Balance Sheet, the standalone Statement of Profit and Loss including
Other Comprehensive Income, standalone Statement of Changes in Equity and the standalone
Statement of Cash Flows dealt with by this Report are in agreement with the books of
account.
d. In our opinion, the aforesaid standalone financial statements comply with the IND AS
specified under Section 133 of the Act.
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 disqualified
as on March 31, 2023 from being appointed as a director in terms of Section 164(2) of the
Act.
f. With respect to the adequacy of the internal financial controls over financial
reporting of the Company and the operating effectiveness of such controls, refer to our
separate Report in "Annexure B". Our report expresses an unmodified
opinion on the adequacy and operating effectiveness of the Companys internal financial
controls over financial reporting.
g. 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 has disclosed the impact of pending litigations on its financial
position in the standalone Ind AS Financial Statements (Refer Note No 3(1) to the
Standalone Ind AS Financial Statements.)
ii. The Company did not have any long term contracts including derivative contracts for
which there were any material foreseeable losses
iii. There were no amounts which were required to be transferred to the Investor
Education and Protection Fund by the Company.
iv. (a) The Management has represented that, to the best of its knowledge and belief,
no funds (which are material either individually or in the aggregate) have been advanced
or loaned or invested (either from borrowed funds or share premium or any other sources or
kind of funds) by the Company to or in any other person or entity, including foreign
entity ("Intermediaries"), with the understanding, whether recorded in writing
or otherwise, that the Intermediary shall, whether, directly or indirectly lend or invest
in other persons or entities identified in any manner whatsoever by or on behalf of the
Company ("Ultimate Beneficiaries") or provide any guarantee, security or the
like on behalf of the Ultimate Beneficiaries;
(b) The Management has represented, that, to the best of its knowledge and belief, no
funds (which are material either individually or in the aggregate) have been received by
the Company from any person or entity, including foreign entity ("Funding
Parties"), with the understanding, whether recorded in writing or otherwise, that the
Company shall, whether, directly or indirectly, lend or invest in other persons or
entities identified in any manner whatsoever by or on behalf of the Funding Party
("Ultimate Beneficiaries") or provide any guarantee, security or the like on
behalf of the Ultimate Beneficiaries;
(c) Based on the audit procedures that have been considered reasonable and appropriate
in the circumstances, nothing has come to our notice that has caused us to believe that
the representations under sub-clause (i) and (ii) of Rule 11(e), as provided under (a) and
(b) above, contain any material misstatement.
v. The company has not declared and paid any Interim divided nor has proposed any final
dividend during the previous year,and hence the question of Compliance and applicability
of Section 123 of the Companies Act does not arise.
ANNEXURE ‘A TO THE INDEPENDENT AUDITORS REPORT
(Referred to in paragraph 1 under ‘Report on Other Legal and Regulatory
Requirements section of our report to the Members of PRISM FINANCE LIMITED of even
date)
With reference to the Annexure A, referred to in the Independent Auditors Report to the
members of the Company on the Standalone IND AS financial statements for the year ended on
31st March 2023, we report following :
i) Property Plant and Equipments
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. Hence reporting under clauses
3(i)(a) & (d) are not applicable.
b) According to the information and explanations given to us, the property, plant and
equipment are physically verified in a phased manner by the management during the year,
which, in our opinion is reasonable having regard to the size of the Company and nature of
its assets. No material discrepancies were noticed on such verification.
c) According to the information and explanations given to us and on the basis of our
examination of the records of the Company, the title deeds of immovable properties are
held in the name of the Company.
(d) 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 revalued any of its
Property, Plant and Equipment during the year.
(e) According to the information and explanations given to us and on the basis of our
examination of the records of the Company, No proceedings have been initiated during the
year or are pending against the Company as at March 31, 2023 for holding any benami
property under the Benami Transactions (Prohibition) Act, 1988 (as amended in 2016) and
rules made thereunder.
ii) (a) As explained to us, the company does not hold any inventories. Hence, reporting
under paragraph 3(ii)(a) of the order is not applicable.
(b) The Company has not been sanctioned working capital limits (including fund based
and non-fund-based limits) in excess of Rs. Five crores in aggregate from banks on the
basis of security of the current assets.
Hence, reporting under paragraph 3(ii)(b) of the order is not applicable.
iii) According to the information and explanations given to us, during the year, in
ordinary course of business, the company has provided loans, secured and unsecured to the
companies and other parties. With respect to such loans and advances;
(a) During the Year, the company has provided loans to the companies and other parties
A) The aggregate amount during the year and balance outstanding at the balance sheet
date with respect to such loans to its subsidiaries, joint ventures and associates is as
under
Rs. In Lacs
| Particulars |
Loans |
Advances in nature of loans |
Guarantees |
Security |
| Aggregate amount during the year |
|
|
|
|
| - Associates |
Nil |
Nil |
Nil |
Nil |
| Balance outstanding as at balance sheet date |
|
|
|
|
| - Associates |
20.94 Lacs |
Nil |
Nil |
Nil |
B) The aggregate amount during the year and balance outstanding at the balance sheet
date with respect to such loans to parties other than its subsidiaries, joint ventures and
associates is as under
Rs. In Lacs
| Particulars |
Loans |
Advances in nature of loans |
Guarantees |
Security |
| Aggregate amount during the year |
135.54 Lacs |
Nil |
Nil |
Nil |
| - Others |
|
|
|
|
| Balance outstanding as at balance sheet date |
96.17 Lacs |
Nil |
Nil |
Nil |
| - Others |
|
|
|
|
(b) In our opinion and according to the information and explanations given to us,the
terms and conditions of the grant of all loans are, prima facie, not prejudicial to the
Companys interest.
(c) In our opinion and according to the information and explanations given to us,
inrespect of loans, the schedule of repayment of principal and payment of interest has
generally not been stipulated however the repayments or receipts are regular during the
year.
(d) In our opinion and according to the information and explanations given to us,
noamount is overdue in respect of loans outstanding during the year under review.
(e) No amount granted by the company which has fallen due during the year, has been
renewed or extended or fresh loans granted to settle the overdue of existing loans given
to the same parties
(f) The Company has granted loans repayable on demand or without specifying the terms
or period of repayment during the year, which are as under
| Particulars |
Promoters |
Related Parties |
| Aggregate amount of loans at the year end |
34.33 Lakh |
33.90 Lakh |
| Percentage thereof of total loans granted at the year end |
50.31% |
49.69% |
iv. 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 made any investment or
given guarantee or security during the year under review.
Accordingly, clause 3(iv) of the order is not applicable.
v. The Company has not accepted any deposits from the public during the year under
review. Accordingly, clause 3(v) of the Order is not applicable. vi. The Central
Government of India has not specified the maintenance of cost records under Sub-section
(1) of Section 148 of the Companies Act 2013. Hence, paragraph 3(vi) of the order is not
applicable.
vii. (a) The company does not have liability in respect of Service Tax, Duty of excise,
Sales tax and value added tax during the year since effective 1st July 2017,
these statutory dues has been subsumed in to Goods & Service Tax.
According to the information and explanations given to us and on the basis of our
examination of the records of the Company, amounts deducted/ accrued in the books of
account in respect of undisputed statutory dues including income-tax, duty of customs,
Goods & Service Tax, cess and other material statutory dues have generally been
regularly deposited during the year by the Company with the appropriate authorities. As
informed to us, the company is not liable to pay Provident fund and ESIC.
According to the information and explanations given to us, no undisputed amounts
payable in respect of income tax, duty of customs, Goods & Service Tax, cess and other
material statutory dues were in arrears as at 31st March 2023 for a period of
more than six months from the date it became payable.
(b) According to the information and explanations given to us, there are no material
dues of, Income tax and Goods & Service Tax, which have not been deposited with the
appropriate authorities on account of any dispute.
viii. According to the information and explanations given to us and on the basis of our
examination of the records of the Company, there were no transactions relating to
previously unrecorded income that have been surrendered or disclosed as income during the
year in the tax assessments under the Income Tax Act, 1961 (43 of 1961).
ix. (a) According to information & explanations given to us, the company does not
have any borrowings from Banks, Financial Institutions, Government or, debenture holders.
Accordingly, reporting under paragraph 3(ix) of the Order is not applicable.
(b) 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 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) According to the information and explanations given to us and 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) According to the information and explanations given to us, the company does not
have subsidiaries, associates or joint ventures. Accordingly, clause 3(ix)(e) of the Order
is not applicable.
(f) According to the information and explanations given to us, the company does not
have subsidiaries, associates or joint ventures. Accordingly, clause 3(ix)(f) of the Order
is not applicable.
x. (a) The Company has not raised moneys by way of initial public offer or further
public offer (including debt instruments) during the year. Accordingly, clause 3(x)(a) of
the Order is not applicable.
(b) 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 made any preferential
allotment or private placement of shares or convertible debentures (fully or partly or
optionally) during the year. Accordingly, clause 3(x)(b) of the Order is not applicable.
xi. (a) According to the information and explanations given to us, no fraud by the
Company or on the Company by its officers or employees has been noticed or reported during
the course of our audit.
(b) According to the information and explanations given to us, no report under
sub-section (12) of section 143 of the Companies Act has been filed in Form ADT-4 as
prescribed under rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central
Government, during the year and upto the date of this report.
(c) As represented by the management, there are no whistle blower complaints received
by the company during the year.
xii. In our opinion and according to the information and explanations given to us, the
Company is not a Nidhi Company.
Accordingly, clause 3(xii) of the Order is not required.
xiii. According to the information and explanations given to us and based on our
examination of the records of the Company, transactions with the related parties are in
compliance with sections 177 and 188 of the Act where applicable and details of such
transactions have been disclosed in the IND AS Financial Statements as required by the
applicable accounting standards.
xiv. (a) Based on information and explanations provided to us and our audit procedures,
in our opinion, the company has an internal audit system commensurate with the size and
nature of its business.
(b) We have considered the internal audit reports of the company issued till date for
the period under audit. xv. According to the information and explanations given to us and
based on our examination of the records of the Company, the Company has not entered into
non-cash transactions with directors or persons connected with him.
Accordingly, paragraph 3(xv) of the Order is not applicable.
xvi. (a) The Company is registered as Non-Banking Financial Institution (NBFI) and is
holding a Certificate of Registration (COR) from Reserve Bank of India to carry on
business of NBFI in terms of Section 45-1A of the RBI Act, 1934.
(b) The Company has not conducted any Non – Banking Financial activities without a
valid Certificate of registration from Reserve Bank of India as per the Reserve Bank of
India Act, 1934.
(c) The Company is not a Core Investment Company (‘CIC) and hence reporting under
paragraph 3(xvi)(c) of the Order is not applicable to the Company.
(d) According to the information and explanations given to us, the Group does not have
any CIC.
xvii. The Company has not incurred cash losses during the financial year covered by our
audit and the immediately preceding financial year.
xviii. There has been no resignation of the statutory auditors of the Company during
the year. Accordingly, reporting under Paragraph 3(xviii) of the Order is not applicable.
xix. According to the information and explanations given to us,On the basis of the
financial ratios, ageing and expected dates of realisation of financial assets and payment
of financial liabilities, other information accompanying the financial statements and our
knowledge of the Board of Directors and Management plans and based on our examination of
the evidence supporting the assumptions, nothing has come to our attention, which causes
us to believe that any material uncertainty exists as on the date of the audit report
indicating that Company is not capable of meeting its liabilities existing at the date of
balance sheet as and when they fall due within a period of one year from the balance sheet
date. We, however, state that this is not an assurance as to the future viability of the
Company.
We further state that our reporting is based on the facts up to the date of the audit
report and we neither give any guarantee nor any assurance that all liabilities falling
due within a period of one year from the balance sheet date, will get discharged by the
Company as and when they fall due. xx. In our opinion and according to the information and
explanations give to us, the company has spent required amount u/s 135 of the Act.
ANNEXURE "B" 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 PRISM FINANCE 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 PRISM
FINANCE 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 Management of the Company is responsible for establishing and maintaining internal
financial controls based on the internal control over financial reporting criteria
established by the Company considering the essential components of internal control stated
in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting
issued by the Institute of Chartered Accountants of India (the "ICAI"). These
responsibilities include the design, implementation and maintenance of adequate internal
financial controls that were operating effectively for ensuring the orderly and efficient
conduct of its business, including adherence to 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 Act.
Auditors Responsibility
Our responsibility is to express an opinion on the Companys 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 ICAI 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 judgement, 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 the explanations given
to us, the Company has, in all material respects, an adequate internal financial controls
system over financial reporting and such internal financial controls over financial
reporting were operating effectively as at March 31, 2023, based on the criteria for
internal financial control over financial reporting established by the Company considering
the essential components of internal control stated in the Guidance Note on Audit of
Internal Financial Controls Over Financial Reporting issued by the ICAI.
|
For, Apaji Amin & Co LLP |
|
Chartered Accountants |
|
FRN : 100513W/W100062 |
|
Rity Malhotra |
|
Partner |
| Place : Ahmedabad |
Mem. No.: 157385 |
| Date : 29.05.2023 |
UDIN -23157385BHAHIR4563 |
+91-9892691696
