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Dhyaani Tile & Marblez Ltd.

BSE: 543516 Sector: Others
NSE: N.A. ISIN Code: INE0K5F01014
BSE 16:01 | 16 Aug 70.00 1.00
(1.45%)
OPEN

70.00

HIGH

70.00

LOW

70.00

NSE 05:30 | 01 Jan Dhyaani Tile & Marblez Ltd
OPEN 70.00
PREVIOUS CLOSE 69.00
VOLUME 2000
52-Week high 95.00
52-Week low 49.50
P/E 13.83
Mkt Cap.(Rs cr) 11
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 70.00
CLOSE 69.00
VOLUME 2000
52-Week high 95.00
52-Week low 49.50
P/E 13.83
Mkt Cap.(Rs cr) 11
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Dhyaani Tile & Marblez Ltd. (DHYAANITILE) - Auditors Report

Company auditors report

To

The Board of Directors

Dhyaani Tile and Marblez Limited

420 Time Square Arcade Opp. Rambaug Thaltej Ahmedabad - 380059

1. We have examined the attached restated financial information of Dhyaani Tile andMarblez Limited (hereinafter referred to as "the Company") comprisingthe restated statement of assets and liabilities as at September 30 2021 and March31 2021 2020 and 2019 restated statement of profit and loss and restated cash flowstatement for the financial period/year ended on June 30 2021 March 31 2021 2020 and2019 and the summary statement of significant accounting policies and other explanatoryinformation (collectively referred to as the "restated financial information"or "restated financial statements") annexed to this report and initialedby us for identification purposes. These Restated Financial Statements have been preparedby the management of the Company and approved by the board of directors at their meetingin connection with the proposed Initial Public Offering on SME Platform ("IPO"or "SME IPO") of Bombay Stock Exchange of India Limited ("BSE")of the company.

2. These restated summary statements have been prepared in accordance with therequirements of:

(i) Section 26 of Part I of Chapter III of Companies Act 2013 (the "Act")read with Companies (Prospectus and Allotment of Securities) Rules 2014;

(ii) The Securities and Exchange Board of India (Issue of Capital and DisclosureRequirements) Regulations 2018 ("ICDR Regulations") and relatedamendments / clarifications from time to time issued by the Securities and Exchange Boardof India ("SEBI"); (iii) The Guidance Note on Reports in CompanyProspectuses (Revised 2019) issued by the  Institute of Chartered Accountants ofIndia ("Guidance Note")

3. The Company's Board of Directors is responsible for the preparation of the RestatedFinancial Statements for inclusion in the DRHP to be filed with Securities and ExchangeBoard of India ("SEBI") BSE and Registrar of Companies (Delhi) in connectionwith the proposed IPO. The Restated Financial Statements have been prepared by themanagement of the Company on the basis of preparation stated in Annexure IV to theRestated Financial Statements. The responsibility of the board of directors of the Companyincludes designing implementing and maintaining adequate internal control relevant to thepreparation and presentation of the Restated Financial Statements. The board of directorsare also responsible for identifying and ensuring that the Company complies with the ActICDR Regulations and the Guidance Note.

4. We have examined such Restated Financial Statements taking into consideration:

(i) The terms of reference and terms of our engagement letter requesting us to carryout the assignment in connection with the proposed SME IPO;

(ii) The Guidance Note also requires that we comply with the ethical requirements ofthe Code of Ethics issued by the ICAI;

(iii) Concepts of test checks and materiality to obtain reasonable assurance based onverification of evidence supporting the Restated Financial Statements;

(iv) The requirements of Section 26 of the Act and the ICDR Regulations. Our work wasperformed solely to assist you in meeting your responsibilities in relation to yourcompliance with the Act the ICDR Regulations and the Guidance Note in connection with theIPO.

5. The Restated Financial Statements of the Company have been compiled by themanagement from audited financial statements for the period/year ended on September 302021 and March 31 2021 2020 and 2019.

6. Audit for the financial period/year ended on September 30 2021 and March 31 2021was conducted by us. Audit for the financial year ended March 31 2020 & March 312019 was conducted by Amit J Joshi Chartered Accountant. There are no auditqualifications in the audit reports issued by Amit J Joshi and which would requireadjustments in the Restated Financial Statements of the Company. The financial reportincluded for these years is based solely on the report submitted by him.

7. Based on our examination and according to information and explanations given to uswe are of the opinion that the Restated Financial Statements:

a) have been prepared after incorporating adjustments for the changes in accountingpolicies material errors and regrouping / reclassifications retrospectively in thefinancial period/year ended on September 30 2021 and March 31 2021 2020 and 2019.

b) do not require any adjustment for modification as there is no modification in theunderlying audit reports;

c) have no extra-ordinary items that need to be disclosed separately in the accountsand requiring adjustments.

d) have been prepared in accordance with the Act ICDR Regulations and Guidance Note.

8. In accordance with the requirements of the Act including the rules made there underICDR Regulations Guidance Note and engagement letter we report that:

(i) The "restated statement of asset and liabilities" of theCompany as at September 30 2021 and March 31 2021 2020 and 2019 examined by us as setout in Annexure I to this report read with significant accounting policies in AnnexureIV has been arrived at after making such adjustments and regroupings to the auditedfinancial statements of the Company as in our opinion were appropriate and more fullydescribed in notes to the restated summary statements to this report.

(ii) The "restated statement of profit and loss" of the Companyfor the financial period/year ended on at September 30 2021 and March 31 2021 2020 and2019 examined by us as set out in Annexure II to this report read with significantaccounting policies in Annexure

IV has been arrived at after making such adjustments and regroupings to the auditedfinancial statements of the Company as in our opinion were appropriate and more fullydescribed in notes to the restated summary statements to this report.

(iii) The "restated statement of cash flows" of the Company forthe financial period/year ended on at September 30 2021 and March 31 2021 2020 and 2019examined by us as set out in Annexure III to this report read with significantaccounting policies in Annexure

IV has been arrived at after making such adjustments and regroupings to the auditedfinancial statements of the Company as in our opinion were appropriate and more fullydescribed in notes to restated summary statements to this report.

(iv) The Company has granted loan to director during the year ended March 31 2021resulting into violation of the provisions of section 185 of Companies Act 2013.

However the said violation doesn't require adjustments in the Restated FinancialStatements of the Company.

9. We have also examined the following other financial information relating to theCompany prepared by the management and as approved by the board of directors of theCompany and annexed to this report relating to the Company for the financial period/yearended on at September 30 2021 and March 31 2021 2020 and 2019 proposed to be includedin the Draft Prospectus / Prospectus (" Offer Document").

Annexure to Restated Financial Statements of the Company:- i) Summary statement ofassets and liabilities as restated as appearing in ANNEXURE I; ii) Summary statement ofprofit and loss as restated as appearing in ANNEXURE II; iii) Summary statement of cashflows as restated as appearing in ANNEXURE III; iv) Corporate Information Significantaccounting policies as restated and Notes to reconciliation of restated profits andnetworth as appearing in ANNEXURE IV; v) Details of share capital as restated as appearingin ANNEXURE V to this report; vi) Details of reserves and surplus as restated as appearingin ANNEXURE VI to this report; vii) Details of short-term borrowings as restated asappearing in ANNEXURE VII to this report; viii) Details of trade payables as restated asappearing in ANNEXURE VIII to this report; ix) Details of other current liabilities asrestated as appearing in ANNEXURE IX to this report; x) Details of short-term provisionsas restated as appearing in ANNEXURE X to this report; xi) Details of deferred tax assets(net) as restated as appearing in ANNEXURE XI to this report; xii) Details of long-termloans and advances as restated as appearing in ANNEXURE XII to this report; xiii) Detailsof inventories as restated as appearing in ANNEXURE XIII to this report; xiv) Details oftrade receivables as restated as appearing in ANNEXURE XIV to this report; xv) Details ofcash and cash equivalents as restated as appearing in ANNEXURE XV to this report; xvi)Details of short-term loans and advances as restated as appearing in ANNEXURE XVI to thisreport; xvii) Details of revenue from operations as restated as appearing in ANNEXURE XVIIto this report; xviii) Details of other income as restated as appearing in ANNEXURE XVIIIIto this report; xix) Details of purchase of stock-in-trade as restated as appearing inANNEXURE XIX Ito this report; xx) Details of changes in inventories of stock-in-trade asrestated as appearing in ANNEXURE XX Ito this report; xxi) Details of employee benefitexpenses as restated as appearing in ANNEXURE XXI to this report; xxii) Details of financecosts as restated as appearing in ANNEXURE XXII to this report; xxiii) Details of otherexpenses as restated as appearing in ANNEXURE XXIII to this report; xxiv) Details ofbifurcative other income as restated as appearing in ANNEXURE XXIV to this report; xxv)Details of contingent liabilities and commitments as restated as appearing in ANNEXURE XXVto this report; xxvi) Details of related party transactions as restated as appearing inANNEXURE XXVI to this report; xxvii) Summary of significant accounting ratios as restatedas appearing in ANNEXURE XXVII to this report xxviii) Statement of tax shelters asrestated as appearing in ANNEXURE XXVIII to this report; xxix) Capitalisation statement asat September 30 2021 as restated as appearing in ANNEXURE XXIX to this report;

10. The report should not in any way be construed as a re-issuance or re-dating of anyof the previous audit reports issued by any other firm of Chartered Accountants nor shouldthis report be construed as a new opinion on any of the financial statements referred totherein.

11. We have no responsibility to update our report for events and circumstancesoccurring after the date of the report.

12. Our report is intended solely for use of the board of directors for inclusion inthe offer document to be filed with SEBI BSE and Registrar of Companies (Delhi) inconnection with the proposed SME IPO. Our report should not be used referred to ordistributed for any other purpose except with our prior consent in writing. Accordinglywe do not accept or assume any liability or any duty of care for any other purpose or toany other person to whom this report is shown or into whose hands it may come without ourprior consent in writing.

For J Singh & Associates
Chartered Accountants
FRN 110266W
(CA Amitkumar Joshi)
Partner
Membership No. - 120022
(UDIN 22120022AAAAAI1284)
Place: Ahmedabad
Date: January 23 2022

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