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BDR Buildcon Ltd.

BSE: 532681 Sector: Infrastructure
NSE: BDR ISIN Code: INE766Q01014
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BDR Buildcon Ltd. (BDR) - Auditors Report

Company auditors report

ON THE AUDIT OF THE INTERIM STANDALONE FINANCIAL RESULTS

To Board of Directors of BDR BUILDCON LIMITED

Opinion

We have audited the accompanying standalone quarterly financial results of BDRBUILDCON LIMITED ("the Company") for the quarter and year ended on March31 2020 ("the Statement") being submitted by the Company pursuant to therequirement of Regulaliun 33 uf Lhe SEBI (Listing Obligations und Disolusuiu Roquiromunts)Regulations 2015 as amended ("the Listing Regulation").

In our opinion and to the best of our information and according to the explanationsgiven to us the Statement:

i. are presented in accordance with the requirements of Regulation 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations2015 as amended; and

ii. gives a true and fair view in conformity with the recognition and measurementprinciples laid down in the applicable accounting standards and other accountingprinciples generally accepted in India of the net profit and other comprehensive incomeand other financial information for the quarter and year ended March 31 2020.

Basis for opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specifiedunder htrclion M3(10) of llie Companion Act 2013. Our rnpom;ibilitim: under thoneStandards are further described in the Auditor's Responsibilities for the Audit of thestandalone Financial Results section oi oui lepoit. We aie independent ol the Company inaccordance with the Code of Ethics issued by the Institute of Chartered Accountants ofIndia together with the ethical requirements that are relevant to our audit ot thestandalone linancial statements under the provisions of the Companies Act 2013 and theRules thereunder and we have fulfilled our other ethical responsibilities in accordancewith these requirements and the Code of Ethics. We believe that the audit evidence we haveobtained is sufficient and appropriate to provide a basis for our opinion.

Management Responsibility for Standalone Financial Results

These quarterly financial results as well as the year to date standalone financialresults have been prepared on the basis of the interim financial Statements. The Company'sBoard of Directors are responsible for the preparation and presentation of interimstandalone financial results that give a true and fair view of the net profit and othercomprehensive income and other financial information in accordance with the recognitionand measurement principles laid down in Indian-^^^^oting Standard 34 ‘InterimFinancial Reporting' prescribed under

section 133 of the Act read with relevant rules issued there under and other accountingprinciples generally accepted in India and in compliance with Regulation 33 of the listingRegulation. This responsibility also includes maintenance of adequate accounting recordsin accordance with the provisions of the Act for safeguarding of the assets of the Companyand for preventing and detecting frauds and other irregularities; selection andapplication of appropriate accounting policies; making judgments and estimates that arereasonable and prudent; and design implementation and maintenance of adequate internalfinancial controls that were operating effectively for ensuring the accuracy andcompleteness of the accounting records relevant to the preparation and presentation ofthe standalone financial results that give a true and fair view and are free from materialmisstatement whether due to fraud or error.

In preparing the interim standalone financial results the Board of Directors areresponsible for assessing the Company's ability to continue as a going concerndisclosing as applicable matters related to going concern and using the going concernbasis of accounting unless the Board of Directors either intends to liquidate the Companyor to cease operations or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financialreporting process.

Auditor's Responsibilities for the Audit of the standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the interim standalonefinancial results as a whole are free from material misstatement whether due to fraud orerror and to issue an auditor's report that includes our opinion. Reasonable assurance isa high level of assurance but is not a guarantee that an audit conducted in accordancewith SAs will always detect a material misstatement when it exists. Misstatements canarise from fraud or error and are considered material if individually or in theaggregate they could reasonably be expected In influence Ihe economic decisions of userslaken on the basis of these standalone financial results.

As part of an audit in accordance with SAs we exercise professional judgment andmaintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the interim standalonefinancial results whether due to fraud or error design and perform audit proceduresresponsive to those risks and obtain audit evidence that is sufficient and appropriate toprovide a basis for our opinion. The risk of not detecting a material misstatementresulting from fraud is higher than for one resulting from error as fraud may involvecollusion forgery intentional omissions misrepresentations or the override of internalcontrol.

• Obtain an understanding of internal financial control relevant to the audit inorder to design audit procedures that are appropriate in the circumstances but not forthe purpose of expressing an opinion on the effectiveness of the company's internalcontrol.

• Evaluate the appropriateness of accounting policies used and the reasonablenessof accounting estimates and relatejjiisglosures made by the Board of Director.

• Conclude on the appropriateness of the Board of Directors use of the goingconcern basis of accounting and based on the audit evidence obtained whether a materialuncertainty exists related to events or conditions that may cast significant doubt on theCompany's ability to continue as a going concern. If we conclude that a materialuncertainty exists we are required to draw attention in our auditor's report to therelated disclosures in the financial results or if such disclosures are inadequate tomodify our opinion. Our conclusions are based on the audit evidence obtained up to thedate of our auditor's report. However future events or conditions may cause the Companyto cease to continue as a going concern.

• Evaluate the overall presentation structure and content of the standalonefinancial results including the disclosures and whether the financial results representthe underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding among other matters theplanned scope and timing of the audit and significant audit findings including anysignificant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have compliedwith relevant ethical requirements regarding independence and to communicate with themall relationships and other matters that may reasonably be thought to bear on ourindependence and where applicable related safeguards.

For SANJAY CHOPRA & CO.

CHARTERED ACCOUNTANTS FIRM REG. NO.: 011074N

W/ SANJAY CHOPRA PARTNER FCA M. No.: 084810

Place: New Delhi Date: 25.06.2020 UDIN: 20084810AAAABL7329

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