To the Members of TAAL Enterprises Limited
Report on the Audit of the Standalone Ind AS Financial Statements
Opinion
We have audited the accompanying Standalone Ind AS Financial Statements of TAAL
Enterprises Limited ("the Company"), which comprise the Standalone Balance
sheet as at 31st March, 2023, the Standalone Statement of Profit and Loss,
including the statement of Other Comprehensive Income, the Standalone Cash Flow Statement
and the Standalone Statement of Changes in Equity for the year then ended, and notes to
the Standalone Ind AS Financial Statements, including a summary of significant accounting
policies and other explanatory information (hereinafter referred to as the
"Standalone Ind As 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 Company (Indian Accounting Standards) Rules,
2015, as amended, ("Ind AS") and other accounting principles generally accepted
in India, of the state of affairs of the Company as at 31st March, 2023, its
profit including other comprehensive income, its cash flows and the changes in equity for
the year ended on that date.
Basis for Opinion
We conducted our audit of the Standalone Ind AS Financial Statements in accordance with
the Standards on Auditing ("SAs") 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 Ind AS 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 Ind AS 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 the Standalone 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 Standalone Ind AS Financial Statements and Auditors Report
Thereon
The Companys Management and 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 Consolidated Ind AS Financial Statements, 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 such
other information is materially inconsistent with the Standalone Ind AS 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 the Management for the Standalone Ind As Financial Statements
The Companys Management and 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, cash flows and changes in equity 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 are 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 skepticism 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 and Board of
Directors.
• Conclude on the appropriateness of Management and Board of Directors 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 represents the underlying transactions and events in a manner that
achieves fair presentation.
Materiality is the magnitude of misstatements in the Standalone Ind AS Financial
Statements that, individually or in aggregate, makes it probable that the economic
decisions of a reasonably knowledgeable user of the Standalone Ind AS Financial Statements
may be influenced. We consider quantitative materiality and qualitative factors in (i)
planning the scope of our audit work and in evaluating the results of our work; and
(iii) to evaluate the effect of any identified misstatements in the Standalone Ind AS
Financial Statements.
We communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any
significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied
with relevant ethical requirements regarding independence, and to communicate with them
all relationships and other matters that may reasonably be thought to bear on our
independence, and where applicable, related safeguards From the matters communicated with
those charged with governance, we determine those matters that were of most significance
in the audit of the Standalone Ind AS Financial Statements of the current year 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. A) As required by Section 143(3) of the Act, based on our audit, we report that:
a) We have sought obtained all the information and explanations which to the best of
our knowledge and belief were necessary for the purpose of our audit;
b) In our opinion, proper books of account as required by law have been kept by the
Company so far as it appears from our examination of those books.
c) The Standalone Balance Sheet, the Standalone Statement of Profit and Loss including
the Statement of Other Comprehensive Income, the Standalone Cash Flow Statement and
Statement of Changes in Equity dealt with by this Report are in agreement with the
relevant books of account;
d) In our opinion, the aforesaid Standalone Ind AS 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 31st
March, 2023 taken on record by the Board of Directors, none of the directors is
disqualified as on 31st March, 2023 from being appointed as a director in terms
of Section 164(2) of the Act;
f) With respect to the adequacy of the internal financial controls over financial
reporting of the Company and the operating effectiveness of such controls, refer to our
separate Report in "Annexure A". 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 the requirements of Section 197(16) of the Act, as amended, in our opinion
and to the best of our information and according to the explanations given to us, the
managerial remuneration paid/ provided by the Company during the year is in accordance
with the provisions of Section 197 of the Act.
h) With respect to the other matters to be included in the Auditors Report in
accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014 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 except for the matter described in note 31A of the Standalone 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 have been 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,
other than as disclosed in notes to accounts, 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,
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 attention 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. In our opinion and according to the information and explanations given to us, the
dividend declared and / or paid during the year the Company is in compliance with Section
123 of the Act.
vi. Proviso to Rule 3(1) of the Companies (Account) Rules, 2014 for maintaining books
of account using accounting software which has a feature of recording audit trail (edit
log) facility is applicable to the Company with effect from 1st April, 2023 and
accordingly, reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014
is not applicable for the financial year ended 31st March 2023.
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 the
"Annexure B" a statement on the matters specified in paragraphs 3 and 4 of the
Order, to the extent applicable.
For V. P. Thacker & Co.
Chartered Accountants
Firm Registration No. 118696W
|
Abuali Darukhanawala |
|
Partner |
| Place: Mumbai |
Membership No.108053 |
| Date :30 May, 2023 |
UDIN: 23108053BGUQAL5534 |
ANNEXURE "A" TO THE INDEPENDENT AUDITORS REPORT
[Referred to in paragraph 1(f) under ‘Report on Other Legal and Regulatory
Requirements section of our report 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 TAAL
Enterprises Limited ("the Company") as of 31st March, 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 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 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 ICAI and the Standards on Auditing prescribed
under section 143(10) of the Act, 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 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 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 Standalone Ind AS 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 Ind AS 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 Standalone Ind AS 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 31 March 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 V. P. Thacker & Co.
Chartered Accountants
Firm Registration No. 118696W
|
Abuali Darukhanawala |
|
Partner |
| Place: Mumbai |
Membership No.108053 |
| Date :30 May, 2023 |
UDIN: 23108053BGUQAL5534 |
ANNEXURE "B" 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 tAaL Enterprises Limited of even
date]
According to the information and explanations given to us, and the basis of our
examination of the records of the Company in the normal course of audit, we state that:
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 has no intangible assets. Accordingly, clause 3(i)(b)(B) of the Order
is not applicable.
b. All property, plant and equipment have been physically verified by the management
annually which in our opinion is reasonable having regard to the size of the company and
the nature of its assets. No material discrepancies were noticed on such verification.
c. The Company does not have any immovable property (other than properties where the
Company is the lessee and the lease agreements are duly executed in favour of the lessee).
Accordingly, clause 3(i)(c) of the Order is not applicable.
d. The Company has not revalued its Property, Plant and Equipment (including Right of
Use assets) during the year.
e. There are no proceedings initiated or pending against the Company for holding any
benami property under the Prohibition of Benami Property Transactions Act, 1988 and rules
made thereunder.
ii. a. The Company is a service company. Accordingly, it does not hold any physical
inventories. Accordingly, clause 3(ii)(a) of the Order is not applicable
b. The company has not been sanctioned any working capital limit from banks or
financial institutions on the basis of security of current assets at any point of time
during the year. Accordingly, clause 3(ii)(b) of the Order is not applicable.
iii. a. The company has not made investments, 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, clause 3(iii)(a)
to 3(iii) (f) is not applicable.
iv. The Company has not given any loans, or provided guarantees or securities, as
specified under section 185 of the Companies Act, 2013. Further, the Company has complied
with the provisions of Section 186 of the Companies Act, 2013 in relation to investments
made and loans given. The Company has not provided security and guarantees as specified
under section 186 of the Companies Act, 2013.
v. The Company has not accepted any deposits or amounts which are deemed to be deposits
from the public. Accordingly, clause 3(v) of the Order is not applicable.
vi. The Central Government has not prescribed the maintenance of cost records under
Section 148(1) of the Companies Act, 2013 for the services rendered by the Company.
Accordingly, clause 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 1 July 2017, these statutory
dues have been subsumed into Goods and Services Tax.
Amounts deducted / accrued in the books of account in respect of undisputed statutory
dues including Goods and Services Tax, Provident fund, Employees State Insurance,
Income-Tax, Duty of Customs, Cess and other statutory dues have been regularly deposited
by the Company with the appropriate authorities, though there have been slight delays in a
few cases of professional tax and TDS. No undisputed amounts payable in respect of in
respect of these statutory dues were in arrears as at 31 March 2023 for a period of more
than six months from the date they became payable.
b. There are no statutory dues relating to Goods and Service Tax, Provident Fund,
Employees State Insurance, Income-Tax, Duty of Customs or Cess or other statutory dues,
which have not been deposited with the appropriate authorities on account of any dispute,
except for following:
| Name of the statute |
Nature of the dues |
Amount (in lakhs) |
Period to which the amount relates |
Forum where dispute is pending |
| The Customs Act, 1962 |
Customs duty |
622.67 |
2009-10 |
Commissioner of Customs |
viii. The Company has not surrendered or disclosed any transaction, previously
unrecorded in the books of account, in the tax assessments under the Income Tax Act, 1961
as income during the year. Accordingly, the requirement to report on clause 3(viii) of the
Order is not applicable.
ix. a. The Company has not taken any loans or other borrowings from any lender. Hence
reporting under clause 3(ix)(a) of the Order is not applicable.
b. The Company has not been declared wilful defaulter by any bank or financial
institution or government or any government authority.
c. The Company has not taken any loan during the year and there are no unutilised term
loans at the beginning of the year and hence, reporting under clause 3 (ix) (c) of the
Order is not applicable.
d. On an overall examination of the Standalone Ind AS 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 and on an overall
examination of the Standalone Ind AS Financial Statements of the Company, we report that
the Company has not taken any funds from any entity or person on account of or to meet the
obligations of its subsidiaries, associates or joint ventures as defined under the Act.
f. The Company has not raised any loans during the year on the pledge of securities
held in its subsidiaries, associate or joint ventures and accordingly, reporting on clause
3(ix)(f) of the Order is not applicable for the year under report.
x. a. The Company has not raised any moneys by way of initial public offer or further
public offer (including debt instruments) during the year. Accordingly, reporting on
clause 3(x)(a) of the Order is not applicable to the Company.
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 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, considering the principles of materiality
outlined in Standards on Auditing, we report that no fraud by the Company or on the
Company has been noticed or reported during the course of the audit.
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 upto the date of this report.
c. As represented to us by the management, there were no whistle blower complaints
received by the company during the year. Accordingly, clause 3(xi)(c) of the Order is not
applicable.
xii. The Company is not a Nidhi Company. Accordingly, clause 3(xii) of the Order is not
applicable.
xiii. All the transactions with related parties are in compliance with Section 177 and
188 of the Act and all the details have been disclosed in the Standalone Ind AS Financial
Statements as required by the applicable Accounting Standard. (Refer note no. 25 to the
standalone financial statements)
xiv. a. The Company has an internal audit system commensurate with the size and nature
of its business.
b. The internal audit reports of the Company issued till the date of the audit report,
for the period under audit have been considered by us.
xv. The Company has not entered into any non-cash transactions with its directors or
persons connected with its directors. Accordingly, clause 3(xv) of the Order is not
applicable to the Company.
xvi. a. The Company is not required to be registered under Section 45-IA of the Reserve
Bank of India Act, 1934. Accordingly, clause 3(xvi)(a) of the Order is not applicable.
b. The Company is not required to be registered under Section 45-IA of the Reserve Bank
of India Act, 1934. Accordingly, clause 3(xvi)(b) of the Order is not applicable.
c. The Company is not a Core Investment Company (CIC) as defined in the regulations
made by the Reserve Bank of India. Accordingly, clause 3(xvi)(c) of the Order is not
applicable.
d. According to the information and explanations provided to us during the course of
audit, the Group (as per the provisions of the Core Investment Companies (Reserve Bank)
Directions, 2016) does not have any CIC.
xvii. The Company has not incurred any cash losses in the financial year and in the
immediately preceding financial year.
xviii. There has been no resignation of the statutory auditors during the year.
Accordingly, clause 3(xviii) of the Order is not applicable.
xix. 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
standalone financial statements, 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 that the 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. There are no amounts unspent in respect of corporate social responsibility towards
ongoing or other than ongoing projects and hence reporting under clause 3(xx)
(a) and (b) of the Order is not applicable to the Company
xxi. The reporting under Clause 3(xxi) of the Order is not applicable in respect of
audit of Standalone Financial Statements. Accordingly, no comment in respect of the said
clause has been included in this report.
For V. P. Thacker & Co.
Chartered Accountants
Firm Registration No. 118696W
|
Abuali Darukhanawala |
|
Partner |
| Place: Mumbai |
Membership No.108053 |
| Date :30 May, 2023 |
UDIN: 23108053BGUQAL5534 |
+91-9892691696
