To
The M em bers o f
SHILP GRAVURES LIMITED
Rep or t on the Ind AS Fi nancial Statements O p ini o n
We have audited the Ind AS standalone financial statements of SHILP
GRAVURES LIMITED (the Company"), which comprise the balance sheet as at March
31, 2023, and the statement of profit and loss (including other comprehensive income),
statement of changes in equity and statement of cash flows for the year then ended, and
notes to the standalone financial statements, including a summary of significant
accounting policies and other explanatory information (Collectively referred to as
standalone financial 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 in the manner so required and give a true
and fair view in conformity with the accounting principles generally accepted in India, of
the state of affairs (financial position) of the Company as at March 31, 2023, and its
profit (financial performance including other comprehensive income), changes in equity and
its cash flows for the year ended on that date.
Basis for Op inio n
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 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 together with the ethical requirements that are relevant to our audit
of the standalone 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.
Key Aud it 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.
We have determined that there are no key audit matters to communicate
in our report.
O ther Info rm atio n
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 financial statements and our auditors report
thereon.
Our opinion on the standalone financial statements does not cover the
other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the standalone financial statements,
our responsibility is to read the other information and, in doing so, consider whether the
other information is materially inconsistent with the standalone 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.
Respo nsib il i ti es o f Manag em ent and Tho se Charg ed wi th
Governance for the St andalo ne f i nancial s tatem ents
The Companys Board of Directors is responsible for the matters stated
in section 134(5) of the Companies Act; 2013 (the Act) with respect to the preparation
of these standalone financial statements that give a true and fair view of the financial
position, financial performance (including other comprehensive income), changes in equity
and cash flows of the Company in accordance with the accounting principles generally
accepted in India, including the Indian Accounting Standards (Ind AS) specified under
section 133 of the Act. This responsibility also includes maintenance of adequate
accounting records in accordance with the provisions of the Act for safeguarding of the
assets of the Company and for preventing and detecting frauds and other irregularities;
selection and application of appropriate accounting policies; making judgments and
estimates that are reasonable and prudent; and design, implementation and maintenance of
adequate internal financial controls, that were operating effectively for ensuring the
accuracy and completeness of the accounting records, relevant to the preparation and
presentation of the standalone financial statements that give a true and fair view and are
free from material misstatement, whether due to fraud or error.
In preparing the standalone financial statements, the Board of
Directors is responsible for assessing the Companys ability to continue as a going
concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the board of Directors either intends to liquidate the
Company or to cease operations, or has no realistic alternative but to do so.
Those Board of Directors are also responsible for overseeing the
Companys financial reporting process.
Aud itors Resp onsi bi l ities fo r the Aud it of the St andalo ne f i
nancial s tatements
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 influence the
economic decisions of users taken on the basis of these standalone financial statements.
As part of an audit in accordance with Standards on Auditing (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 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 controls.
• Obtain an understanding of internal 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 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 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 financial statements, including the disclosures, and whether the standalone
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 b e 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
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.
Rep or t on O ther Legal and Reg ul ator y Req ui rements
1. As required by the Companies (Auditors Report) Order, 2020 (the
Order"), issued by the Central Government of India in terms of subsection (11) of
section 143 of the Act, we give in the "Annexure A" a statement on the
matters specified in paragraphs 3 and 4 of the Order, to the extent applicable.
2. As requited 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 i t appears from our examination of those books.
c. The Balance Sheet, the Statement of Profit and Loss, the Statement
of Changes in Equity and the Cash Flow Statement 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 Indian Accounting Standards prescribed under Section 133 of the Act read with
Companies (Indian Accounting Standard) Rules 2016.
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".
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, the managerial remuneration for the year ended March 31, 2023 has been paid/
provided by the Company to its directors in accordance with the provisions of Section 197
read with Schedule V to 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, 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 litigations which would impact
its financial position.
ii. The Company did not have arty long-term contracts including
derivative contracts for which there were any material foreseeable losses.
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, 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
GRAVURES LIMITED 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 dividend declared and paid during the year by the Company is in
compliance with Section 123 of the Act.
|
For SHAH & SHAH ASSOCIATES |
|
Chartered Accountants |
|
(FRN: 113742W) |
|
SUNIL K.DAVE |
| Place : Ahmedabad |
PARTNER |
| Date: May 13th ,2023 |
Membership Number: 047236 |
| UDIN : 23047236BGTPST1987 |
|
ANNEXURE "A" TO THE INDEPENDENT AUDITORS REPORT
(Referred to i n p aragraph 1 u nder Rep or t on Other Legal and Regu
lator y Requi rem ents sectio n o f o ur rep or t of even d at e)
Repo r t o f even date o n Co mp ani es ( Au di to rs Rep or t) O rd
er, 2 02 0 (" the O rd er") i ssued b y the Central Gover nm ent in terms of
Secti on 143 (11) of the Act.
1. In respect of the companys Property, Plant and Equipment and
Intangible assets
a) (A) The company has maintained proper records showing full
particulars including quantitative details and situation of Property, Plant and Equipment
and relevant details of right- of- use assets.
(B) the Company has maintained proper records showing full particulars
of intangible assets.
b) As explained to us, all the Property, Plant and Equipment and right-
of- use assets have been physically verified by the management in a phased periodical
manner, 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 physical
verification.
c) Pursuant to lease deed agreement entered in to by the company with
lessors, the company had acquired immovable property i.e.
Land and building on lease hold basis and therefore the question of
title deeds of immovable properties in the name of the company does not arise.
d) The Company has not revalued any of its Property, Plant and
Equipment (including right-of-use assets) and intangible assets during the year.
e) As explained to us, 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) As explained to us, physical verification of the inventories
have been conducted at reasonable intervals by the management, which in our opinion is
reasonable, having regard to the size of the Company and nature of its inventories. The
discrepancies noticed on physical verification during the year have been properly dealt
with in the books of accounts.
(b) As disclosed in note no 25(ii) to the financial statements, the
Company has been sanctioned working capital limits in excess of 5 crores, in aggregate,
from bank on the basis of security of current assets and the quarterly returns or
statements filed by the company with such bank are generally in agreement with the books
of accounts of the company.
3. The Company has made investments in and granted unsecured loans to a
subsidiary company. The aggregate amount during the year and balance outstanding at the
balance sheet date with respect to such investments and loan to a subsidiary are as per
the table given below:
| Particulars |
Investments |
Loan |
| Aggregate amount granted/ provided during the year* to
Subsidiary |
Nil |
120.00 |
| Balance outstanding as at balance sheet date* in respect
of the loan to Subsidiary |
448.48 |
511.00 |
| *(Also refer Notes the standalone financial statements) |
7 |
8 &16 |
(b) As explained to us, in respect of the aforesaid investments and
loan granted, the terms and conditions under which such investments were made/ loans were
provided are not prejudicial to the Companys interest.
(c) In respect of the aforesaid loans, repayment of principal and
receipt of interest thereon were regular. (d) In respect of the aforesaid loan, there is
no amount which is overdue for more than ninety days.
(e) There was no loan which fell due during the year and were renewed
or extended. Further, no fresh loans were granted to same parties to settle the existing
overdue loans.
(f) The company has not granted any loans other than stated in clause
3(b) above, the clause 3(f) of the order is not applicable to the company.
4. In our opinion and according to the information and explanations
given to us, during the year under review, the company has granted loans or made
investments to the parties covered under Section and 186 of the Act. In our opinion, and
according to the information and explanations given to us, the Company has complied with
the provisions of Sections 186 of the Act in respect of the loans and investments made by
it.
5. According to the information and explanations given to us, the
company has not accepted any deposits, in terms of the directives issued by the Reserve
Bank of India and the provisions of sections 73 to 76 or any other relevant provisions of
the Act and the Companies (Acceptance of Deposit) Rules, 2015.
6. In respect of business activities of the Company, The maintenance of
cost records has been specified by the Central Government under section 148(1) of the
Companies Act, 2013. We have broadly reviewed the cost records maintained by the Company
pursuant to the Companies (Cost Records and Audit) Rules, 2014 as amended prescribed by
the Central Government under sub-section (1) of Section 148 of the Companies Act, 2013,
and are of the opinion that, prima facie, the prescribed cost records have been made and
maintained. We have, however, not made a detailed examination of the cost records with a
view to determine whether they are accurate or complete.
7. a) As per information and explanations given to us, the company is
regular in depositing undisputed statutory dues including Goods and service tax, Provident
fund, Employees State Insurance, Income tax, Sales-tax, Wealth tax, Service tax, Duty of
Customs, Duty of Excise, Value added tax, cess and any other statutory dues with the
appropriate authorities wherever applicable. There are no outstanding statutory dues as at
the last day of the financial year under audit for a period of more than six months from
the date they became payable.
b) According to the information and explanation given to us, there are
no dues of Goods and Service Tax, sales tax, income tax, custom duty, wealth tax, service
tax, excise duty and cess which have not been deposited on account of any dispute except
for the following:
| S t a t u t e |
Natu re o f D u e s |
Forum where Di sp u te i s p end i ng |
Per i od to which the am ou nt relates |
Am ount involved ( in Lakhs) |
Am ou nt Unpaid ( In Lakhs) |
| Service Tax |
Service tax |
Commissioner appeal of Custom, Excise &
Service tax |
F.Y.2012-13 to 2016-17 |
6.29 |
6.29 |
8 . 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).
9. (a) Based on our audit procedures and as per the information and
explanations given by the management, the company has not defaulted in repayment of loans
or borrowings or in the payment of interest thereon from any lender.
(b) The Company has not been declared wilful defaulter by any bank or
financial institution or other lender. (c) The Company has applied term loan for the
purpose 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, the Company has not taken any funds from any entity or person on account of or to
meet the obligations of its subsidiaries.
(f) On an overall examination of the financial statements of the
Company, the company has not raised loans during the year on the pledge of securities held
in subsidiaries.
10. (a) The company has not raised money by way of initial public offer
or further
Public offer (including debt instruments) during the year and hence
reporting under clause 3(x)(a) of the Order is not applicable.
(b) During the year under review, 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.
11. (a) During the course of our examination of the books and records
of the Company, carried out in accordance with the generally accepted auditing practices
in India, and according to the information and explanations given to us, we have neither
come across any instance of material fraud by the Company or on the Company, noticed or
reported during the year, nor have we been informed of any such case by the Management
(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) As represented to us by the management, there are no whistle blower
complaints received by the company during the year. 12. In our opinion, the Company is not
a Nidhi Company. Therefore, the provisions of clause 3 (xii) of the Order are not
applicable to the Company.
13. The Company has entered in to transactions with related parties in
compliance with Sections 177 and 188 of Act. The details of such related party
transactions have been disclosed in the standalone Ind AS financial statements as required
under Accounting Standard (AS) 24, Related Party Disclosures specified under Section 133
of the Act.
14. (a) As explained to us and in our opinion, the Company has adequate
internal audit system commensurate with the size and the nature of its business.
(b) We have considered power point presentation/report considered by
the Board of Directors of the company for the period under audit.
15. Based upon the audit procedures performed and the information and
explanations given by the management, the company has not entered into any non-cash
transactions with directors or persons connected with him. Accordingly, the provisions of
clause 3(xv) of the Order are not applicable to the company.
16. In our opinion, the Company is not required to be registered under
section 45-IA of the Reserve Bank of India Act, 1934. Hence, reporting under clause
3(xvi)(a), (b), (c) and (d) of the Order are not applicable.
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.
19. 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.
20. (a) There are no unspent amounts towards Corporate Social
Responsibility (CSR) on other than on-going projects 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 is no on-going projects as at 31st March, 2023 in respect of
which the Company is required to transfer unspent Corporate Social Responsibility (CSR)
amount as at the end of the previous financial year to a Special account within a period
of 30 days from the end of the said financial year in compliance with the provision of
section 135(6) of the Act.
21. There are no qualifications or adverse remarks by the respective
auditors in the Companies (Auditors Report) Order (CARO) reports of the companies included
in the consolidated financial statements. Accordingly, the requirement to report on clause
3(xxi) of the Order is not applicable to the Holding Company.
|
For SHAH & SHAH ASSOCIATES |
|
Chartered Accountants |
|
(FRN: 113742W) |
|
SUNIL K.DAVE |
|
PARTNER |
| Place : Ahmedabad |
Membership Number: 047236 |
| Date: May 13, 2023 |
|
| UDIN : 23047236BGTPST1987 |
|
ANNEXURE "B" TO THE INDEPENDENT AUDITORS REPORT
( Referred to i n paragr aph 2 (f) und er Repo r t on O ther Leg al
and Regu l ator y Requ i rements sectio n of o u r repo r t o f even d ate) .
Rep or t on the Inter nal Financial Control s Over Fi nancial Repo r
ting under Clause (i ) of Sub -section 3 of Section 143 of the Com pani es Act, 20 13
(" the Act")
We have audited the internal financial controls over financial
reporting of SHILP GRAVURES LMITED ("the Company") as of March 31, 2023
in conjunction with our audit of the Ind AS standalone financial statements of the Company
for the year ended on that date.
M anag em ents Respo nsi bi li ty fo r Internal Fi nancial Control s
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. 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.
Au di to rs Resp onsi bi li ty
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 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. Tho se 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 standalone 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 Inter nal Fi nancial Co ntro ls O ver Fi nancial Repo r ting
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 standalone 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 standalone
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 standalone
financial statements.
Inherent Li mi tati ons of Inter nal Fi nancial Co ntro ls O ver Fi
nancial Repo r ting
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
Institute of Chartered Accountants of India.
|
For SHAH & SHAH ASSOCIATES |
|
Chartered Accountants |
|
(FRN: 113742W) |
|
SUNIL K.DAVE |
|
PARTNER |
| Place : Ahmedabad |
Membership Number: 047236 |
| Date: May 07, 2023 |
|
| UDIN : 23047236BGTPST1987 |
|
+91-9892691696
