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Emmessar Biotech & Nutrition Ltd.

BSE: 524768 Sector: Industrials
NSE: N.A. ISIN Code: INE634B01016
BSE 00:00 | 11 Aug 26.75 -0.05
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NSE 05:30 | 01 Jan Emmessar Biotech & Nutrition Ltd
OPEN 27.00
PREVIOUS CLOSE 26.80
VOLUME 2684
52-Week high 47.40
52-Week low 21.00
P/E 22.86
Mkt Cap.(Rs cr) 13
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 27.00
CLOSE 26.80
VOLUME 2684
52-Week high 47.40
52-Week low 21.00
P/E 22.86
Mkt Cap.(Rs cr) 13
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Emmessar Biotech & Nutrition Ltd. (EMMESSARBIOTECH) - Auditors Report

Company auditors report

To the Members of Emmessar Biotech & Nutrition Limited

Report on the Audit of the Financial Statements Opinion

We have audited the accompanying Ind AS financial statements of Emmessar Biotech &Nutrition Limited ("the Company'") which comprise the Balance Sheet as at 31stMarch 2022 the Statement of Profit and Loss Statement of Changes in Equity and Statementof Cash Flows for the year then ended and notes to the financial statements including asummary of significant accounting policies and other explanatory information (hereinafterreferred to as "the financial statements").

In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid financial statements give the information required by theCompanies Act 2013 (the "Act") in the manner so required and give a true andfair view in conformity with Indian Accounting Standards prescribed under section 133 ofthe Act read with the Companies (Indian Accounting Standards) Rules 2015 as amended("Ind AS") and other accounting principles generally accepted in India of thestate of affairs of the Company as at March 31 2022 its profit total comprehensiveincome changes in equity ana cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit of the financial statements in accordance with the Standards onAuditing (SAs) specified under section 143(10) of the Companies Act 2013. Ourresponsibilities under those Standards are further described in the Auditor'sResponsibilities for the Audit of the financial statements section of our report. We areindependent of the Company in accordance with the Code of Ethics issued by the Instituteof Chartered Accountants of India ("ICAI") together with the ethicalrequirements that are relevant to our audit of the financial statements under theprovisions of the Act and the Rules thereunder and we have fulfilled our other ethicalresponsibilities in accordance with these requirements and the ICAI's Code of Ethics. Webelieve that the audit evidence we have obtained is sufficient and appropriate to providea basis for our opinion on the financial statements.

Key Audit Matters

Key audit matters are those matters that in our professional judgment were of mostsignificance in our audit of the financial statements of the current period. These matterswere addressed in the context of our audit of the financial statements as a whole and informing our opinion thereon and we do not provide a separate opinion on these matters:

Key Audit Matter Response to Key Audit Matter
Recognition of deferred tax Assets
The company has recognised deferred Our audit procedures included among others examining the future projections which are based on the judgement of the management taking into account the following:
tax asset mainly on account of unabsorbed depreciation and tax credit available for set off (Minimum Alternate Tax) under the Income Tax Act. Under Ind AS 22 - In- come Taxes deferred tax assets shall be recognised to the extent that it is probable that future taxable profit will be available against which the unused tax allowance and tax credit can be utilised. This requires significant management judgement and estimation. As a result the recognition of the deferred tax asset is a significant item of our audit. a. Unabsorbed depreciation which forms major portion of the deferred tax asset can be carried forward and set off against taxable profits for unlimited number of years under the Income Tax Act
b. MAT credit set off is allowed only if tax payable as per normal provisions is greater than tax payable as per MAT and also to the extent of the difference between the two hence reversal of unutilised MAT credit is subject to Companies profitability in future years .
c. Profitability projections based on current orders provided by the management have been relied on for continuing deferred tax assets.
Accordingly we have found the future projections made by management for the purpose of recognition of deferred tax asset in the financial statements to be appropriate.

Information Other than the Financial Statements and Auditor's Report Thereon

The Company's Board of Directors is responsible for the preparation of the otherinformation. The other information comprises the information included in the Board'sReport including Annexures to Board's Report but does not include the financialstatements and our auditor's report thereon.

Our opinion on the financial statements does not cover the other information and we donot express any form of assurance conclusion thereon.

In connection with our audit of the financial statements our responsibility is to readthe other information and in doing so consider whether the other information ismaterially inconsistent with the financial statements or our knowledge obtained in theaudit or otherwise appears to be materially misstated.

If based on the work we have performed on the other information obtained prior to thedate of this auditor's report we conclude that there is a material misstatement of thisother information we are required to report that fact. We have nothing to report in thisregard.

Responsibilities of Management and Those Charged with Governance for the FinancialStatements

The Company's Board of Directors is responsible for the matters stated in section134(5) of the Act with respect to the preparation of these financial statements that givea true and fair view of the financial position financial performance total comprehensiveincome changes in equity and cash flows of the Company in accordance with the Ind AS andother accounting principles generally accepted in India. This responsibility also includesmaintenance of adequate accounting records in accordance with the provisions of the Actfor safeguarding of the assets of the Company and for preventing and detecting frauds andother irregularities; selection and application of appropriate accounting policies;

making judgments and estimates that are reasonable and prudent; and designimplementation and maintenance of adequate internal financial controls that wereoperating effectively for ensuring the accuracy and completeness of the accountingrecords relevant to the preparation and presentation of the financial statements thatgive a true and fair view and are free from material misstatement whether due to fraud orerror.

In preparing the financial statements the management is responsible for assessing theCompany's ability to continue as a going concern disclosing as applicable mattersrelated to going concern and using the going concern basis of accounting unless themanagement either intends to liquidate the Company or to cease operations or has norealistic alternative but to do so.

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

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financialstatements as a whole are free from material misstatement whether due to fraud or errorand to issue an auditor's report that includes our opinion. Reasonable assurance is a highlevel of assurance but is not a guarantee that an audit conducted in accordance with SAswill always detect a material misstatement when it exists. Misstatements can arise fromfraud or error and are considered material if individually or in the aggregate theycould reasonably be expected to influence the economic decisions of users taken on thebasis of these financial statements.

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 financialstatements whether due to fraud or error design and perform audit procedures responsiveto those risks and obtain audit evidence that is sufficient and appropriate to provide abasis for our opinion. The risk of not detecting a material misstatement resulting fromfraud is higher than for one resulting from error as fraud may involve collusionforgery intentional omissions misrepresentations or the override of internal control.

• Obtain an understanding of internal financial controls relevant to the audit inorder to design audit procedures that are appropriate in the circumstances. Under section143(3)(iJ of the Act we are also responsible for expressing our opinion on whether theCompany has adequate internal financial controls system in place and the operatingeffectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonablenessof accounting estimates and related disclosures made by management.

• Conclude on the appropriateness of management's use of the going concern basisof accounting and based on the audit evidence obtained whether a material uncertaintyexists related to events or conditions that may cast significant doubt on the ability ofthe Company to continue as a going concern. If we conclude that a material uncertaintyexists we are required to draw attention in our auditor's report to the relateddisclosures in the financial statements or if such disclosures are inadequate to modifyour opinion. Our conclusions are based on the audit evidence obtained up to the date ofour auditor's report. However future events or conditions may cause the Company to ceaseto continue as a going concern.

• Evaluate the overall presentation structure and content

of the financial statements including the disclosures and whether the financialstatements represent the underlying transactions and events in a manner that achieves fairpresentation.

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.

From the matters communicated with those charged with governance we determine thosematters that were of most significance in the audit of the financial statements of thecurrent period and are therefore the key audit matters. We describe these matters in ourauditor's report unless law or regulation precludes public disclosure about the matter orwhen in extremely rare circumstances we determine that a matter should not becommunicated in our report because the adverse consequences of doing so would reasonablybe expected to outweigh the public interest benefits of such communication.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order 2020 ("the Order")issued by the Central Government in terms of Section 143(11) of the Act we give in "AnnexureA" a statement on the matters specified in paragraphs 3 and 4 of the Order.

2. As required by Section 143(3) of the Act we report that:

a) We have sought and obtained all the information and explanations which to the bestof our knowledge and belief were necessary for the purposes of our audit of the financialstatements.

b) In our opinion proper books of account as required by law have been kept by theCompany so far as it appears from our examination of those books.

c) The Balance Sheet the Statement of Profit and Loss (including Other ComprehensiveIncome) the Statement of changes in Equity and the Statement of Cash Flows dealt with bythis Report are in agreement with the books of account maintained for the purpose orpreparation of the financial statements.

d) In our opinion the aforesaid financial statements comply with the Ind AS specifiedunder section 133 of the Act read with Rule 7 of the Companies (Accounts) Rules 2014.

e) On the basis of the written representations received from the directors as on 31stMarch 2022 taken on record by the Board of Directors none of the directors isdisqualified as on 31st March 2022 from being appointed as a director in terms of Section164(2) of the Act.

f) With respect to the adequacy of the internal financial controls over financialreporting of the Company and the operating effectiveness of such controls refer to ourseparate Report in "Annexure B".

g) With respect to the other matters to be included in the Auditor's Report inaccordance 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 explanationsgiven to us the remuneration paid by the Company to its managing director during the yearis in accordance with the provisions of section 197 of the Act.

h) With respect to the other matters to be included in the Auditor's Report inaccordance with Rule 11 of the Companies (Audit and Auditors) Rules 2014 in our opinionand to the best of our information and according to the explanations given to us:

i. The Company has no pending litigation which may impact its financial position;

ii. The Company did not have any long-term contracts including derivative contracts forwhich there were any material foreseeable losses;

iii. There were no amounts which were required to be transferred to the InvestorEducation and Protection Fund by the Company.

iv. (a) The management has represented

that to the Dest of its knowledge and belief no funds have been advanced or loaned orinvested (either from borrowed funds or share premium or any other sources or kind offunds) by the company to or in any other person or entity including foreign entity("Intermediaries") with the understanding whether recorded in writing orotherwise that the Intermediary shall whether directly or indirectly lend or invest inother persons or entities identified in any manner whatsoever by or on behalf of theCompany ("Ultimate

Beneficiaries") or provide any guarantee security or the like on behalf of theUltimate Beneficiaries;

(b) The management has represented that to the best of its knowledge and belief nofunds have been received by the Company from any person or entity including foreignentity ("Funding Parties") with the understanding whether recorded in writingor otherwise that the Company shall whether directly or indirectly lend or invest inother persons or entities identified in any manner whatsoever by or on behalf of theFunding Party ("Ultimate Beneficiaries") or provide any guarantee security orthe like on behalf of the Ultimate Beneficiaries; and

(c) In our opinion and based on the audit procedures we have considered reasonable andappropriate in the circumstances; nothing has come to our notice that has caused us tobelieve that the representations under subclause (a) and (b) contain any materialmisstatement.

v. The Company has neither declared nor paid any dividend during the year.

For V. Sankar Aiyar & Co.
Chartered Accountants
(FRN 109208W)
Place: Mumbai (Asha Patel)
Date: May 21 2022 Partner
(M.No. 166048)
UDIN: 2216622166048AJIYRZ9602

Annexure A to the Independent Auditor's Report Annexure referred to in our report ofeven date to the members of Emmessar Biotech & Nutrition Limited on the financialstatements for the year ended 31st March 2022

(i) (a) (A)The company has maintained proper records

showing full particulars including quantitative details and situation of PropertyPlant and Equipment and relevant details of Right of Use assets.

(B) The Company has maintained proper records showing full particulars of intangibleassets.

(b) Property Plant and Equipment have been physically verified by the management atreasonable intervals. According to information and explanations given to us no materialdiscrepancies were noticed on such verification.

(c) According to the information and explanations given to us and based on verificationof records provided to us we report that the title deeds of all the immovable properties(other than properties where the company is the lessee and the lease agreements are dulyexecuted in favour of the lessee) disclosed in the financial

statements are held in the name of the company.

(d) According to the information and explanation given to us the Company has notrevalued its Property Plant and Equipment (including Right of Use assets) or intangibleassets or both during the year.

(e) According to the information and explanation given to us no proceedings have beeninitiated or are pending against the Company for holding any benami property under theBenami Transactions (Prohibition) Act 1988 (45 of 1988) and rules made thereunder andaccordingly the requirements of paragraph 3(i)(e) of the Order are not applicable to theCompany.

(ii) a The inventory has been physically verified by the Management at reasonableintervals during the year.

The procedures of physical verification of inventories followed by the management arereasonable and adequate in relation to the size of the company and nature of its business.No material discrepancies were noticed on such physical verification.

The company has maintained proper records of inventories. As explained to us therewere no material discrepancies noticed on physical verification of inventory as comparedto the book records.

(a) In our opinion and according to the information and explanation given to us theCompany has not availed working capital limits from Banks on the basis of security ofcurrent assets during the year at any point of time Hence Clause 3(ii)(b) of the Order isnot applicable to the Company.

(iii) According to the information and explanations given to us The Company has notmade any investment in provided any guarantee or security or granted any loans oradvances in the nature of loans secured or unsecured to companies firm LimitedLiability Partnerships or any other parties during the year. Therefore paragraph3(iii)(a) to (f) of the Order is not applicable to the Company

(iv) According to the information and explanations given to us the company hascomplied with the provisions of section 185 and 186 of the Act with respect to the loansinvestments guarantees and securities made as applicable.

(v) The Company has not accepted any deposits from the public within the meaning ofSection 73 to 76 or any other relevant provisions of the Act and Rules framed thereunder.We are informed that no order has been passed by the Company Law Board or National CompanyLaw Tribunal or Reserve Bank of India or any court or other tribunal.

(vi) According to the information and explanations given to us in respect of the classof industry the company falls under the Central Government has not prescribed themaintenance of cost records under Section 148(1) of the Act. Therefore paragraph 3(vi) ofthe Order is not applicable to the Company

(vii) (a) According to the information and explanations given to us the Company isgenerally regular in depositing undisputed statutory dues including provident fundemployees state insurance income tax service tax sales tax value added tax goods andservices tax cess and other statutory dues as applicable to the Company with theappropriate authorities. Further as explained there are no undisputed statutory duesoutstanding for more than six months as at 31st March 2022 from the date they becamepayable;

(b) According to the information and explanations given to us and records of theCompany examined by us there are no dues of Income Tax Wealth Tax Sales Tax ServiceTax Value Added Tax Goods and Services Tax Excise Duty Customs

Duty and Cess which have not been deposited on account of any dispute.

(viii) In our opinion and according to the information and explanation given to us inrespect of tax assessments made under the Income Tax Act 1961 there are no transactionswhich have been surrendered or disclosed as income by the Company. Accordingly there areno previously unrecorded income and related assets which have been accounted in the booksof account during the year.

(ix) According to information and explanation given to us

a. The Company has not defaulted in repayment of loans or borrowings or in payment ofinterest thereon to any lender

b. The Company has not been declared willful defaulter by any bank or financialinstitution or government or any government authority.

c. The Company does not have any term loans. Hence reporting under clause (ix)(c) ofthe Order not applicable.

d. On an overall examination of the financial statements of the Company funds raisedon short term basis have prima facie not been utilized for loan term purposes by theCompany.

e. On an overall examination of the financial statements of the Company Company hasnot taken any funds from any entity or person on account of or to meet the obligations ofits subsidiaries and it's associate and hence reporting on clause 3(ix)(e) of the Ordernot applicable.

The Company has not raised any loans during the year on pledge of securities held inits subsidiaries and it's associate and hence reporting on clause 3(ix)(f) of the Ordernot applicable.

(x) (a) In our opinion and according to the information and explanation given to usthe Company has not raised any moneys by way of initial public offer or further publicoffer (including debt instruments) during the year and hence reporting under the clause3(x)(a) is not applicable.

(b) In our opinion and according to the information and explanations given to us theCompany has not made preferential allotment of shares or convertible debentures during theyear Hence clause 3(x)(b) of the Order is not applicable to the Company.

(xi) Based upon the audit procedures performed and information and explanations givenby the management we have not come across any instances of fraud by the Company or on theCompany during the year.

a) We have not filed Form ADT-4 as prescribed under rule 13 of Companies (Audit andAuditors) Rules 2014 with the Central Government since we have not come across anyinstances of fraud by the Company or on the Company during the year.

(b) As represented to us by the management there are no whistle blower complaintsreceived by the Company during the year

(c) As represented to us by the management there are no whistle blower complaintsreceived by the Company during the year.

(xii) In our Opinion and according to the information and explanations given to us theCompany is not a Nidhi Company and hence clause (xii) of the order is not applicable tothe Company.

(xiii) According to the information and explanation given to us and based onverification of the records and approvals of the Audit Committee all transactions withthe related parties are in compliance with sections 177 and 188 of Companies Act 2013where applicable and the details have been disclosed in the Financial Statements etc. asrequired by the applicable accounting standards.

(xiv) In our opinion and based on our examination the Company has an internal auditsystem commensurate with the size and nature of its business and nature of its business

(a) We have considered the internal audit reports for the year under audit issued tothe Company and till date in determining the nature timing and extent of our auditprocedures.

(xv) In our opinion and according to the information and explanations given to us theCompany has not entered into any non-cash transactions with Directors or persons connectedwith him during the year.

(xvi) In our opinion and according to information and explanation given to us theCompany is not required to be registered under Section 45-IA of the Reserve Bank of IndiaAct 1934. Hence reporting under clause 3 (xvi)(a) of the order are not applicable to theCompany.

(a) In our opinion and according to information and explanation given to us Companyhas not conducted any Non-Banking financial or Housing Finance activities without a validCertificate of Registration (CoR) from Reserve Bank of India as per Reserve Bank of indiaAct 1934. Hence reporting under clause 3 (xvi)(b) of the order are not applicable to theCompany.

(b) In our opinion and according to information and explanation given to us theCompany is not core investment company.

(c) In our opinion and according to information and explanation given to us there isno core investment company within the Group (as defined in the Core Investment Companies(Reserve Bank) Directions 2016) and accordingly reporting under clause 3 (xvi)(d) of theorder is not applicable to the Company.

(xvii) The company has not incurred any cash losses in the financial year and also inthe immediately preceding financial year.

(xviii) There has been no resignation of statutory auditors during the year andaccordingly the requirements of Clause 3(xviii) of the Order not applicable to theCompany.

(xix) In our opinion and on the basis of examination of the financial ratios ageingand expected dates of realisation of financial assets and payment of financialliabilities other information accompanying the financial statements our knowledge of theBoard of Directors and management plans nothing has come to our attention which causesus to believe that any material uncertainty exists as on the date of the audit reportindicating that Company is not capable of meeting its liabilities existing at the balancesheet date as and when they fall due within a period of one year from the balance sheetdate. We however state that this is not an assurance as to the future viability of theCompany. We further state that our reporting is based on the facts up to the date of theaudit report and we neither give any guarantee nor any assurance that all liabilitiesfalling due within a period of one year from the balance sheet date will get dischargedby the Company as and when they fall due.

(xx) According to the information and explanations given to us there are no unspentamounts towards Corporate Social Responsibility (CSR) on other than ongoing projectsrequiring a transfer to a Fund specified in Schedule VII to the Companies Act incompliance 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.

(a) In our opinion and according to information and explanation given to us theCompany does not have any ongoing projects towards Corporate Social Responsibility (CSR).Hence reporting under clause 3(xx)(b) of the Order is not applicable.

For V. Sankar Aiyar & Co.
Chartered Accountants
(FRN 109208W)
Place: Mumbai (Asha Patel)
Date: May 21 2022 Partner
(M.No. 166048)
UDIN: 2216622166048AJIYRZ9602

Annexure B to Auditor's Report

Annexure referred to in our report of even date to the members of Emmessar Biotech& Nutrition Limited on the financial statements for the year ended 31st March 2022

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section143 of the Companies Act 2013 ("the Act")

We have audited the internal financial controls over financial reporting of EmmessarBiotech & Nutrition Limited ("the Company") as of March 31st 2022 inconjunction with our audit of the financial statements of the Company for the year endedon that date.

Management's Responsibility for Internal Financial Controls

The Company's management is responsible for establishing and maintaining internalfinancial controls based on the internal control over financial reporting criteriaestablished by the Company considering the essential components of internal control statedin the Guidance Note on Audit of Internal Financial Controls over Financial Reportingissued by the Institute of Chartered Accountants of India.

These responsibilities include the design implementation and maintenance of adequateinternal financial controls that were operating effectively for ensuring the orderly andefficient conduct of its business including adherence to company's policies thesafeguarding of its assets the prevention and detection of frauds and errors theaccuracy and completeness of the accounting records and the timely preparation ofreliable financial information as required under the Companies Act 2013.

Auditors' Responsibility

Our responsibility is to express an opinion on the Company's internal financialcontrols over financial reporting based on our audit. We conducted our audit in accordancewith the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting(the "Guidance Note") and the Standards on Auditing issued by ICAI and deemedto be prescribed under section 143(10) of the Companies Act 2013 to the extentapplicable to an audit of internal financial controls both applicable to an audit ofInternal Financial Controls and both issued by the Institute of Chartered Accountants ofIndia. Those Standards and the Guidance Note require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whetheradequate internal financial controls over financial reporting was established andmaintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy ofthe internal financial controls system over financial reporting and their operatingeffectiveness. Our audit of internal financial controls over financial reporting includedobtaining an understanding of internal financial controls over financial reportingassessing the risk that a material weakness exists and testing and evaluating the designand operating effectiveness of internal control based on the assessed risk. The proceduresselected depend on the auditor's judgement including the assessment of the risks ofmaterial misstatement of the financial statements whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the Company's internal financial controls systemover financial reporting.

Meaning of Internal Financial Controls over Financial Reporting

A company's internal financial control over financial

reporting is a process designed to provide reasonable assurance regarding thereliability of financial reporting and the preparation of financial statements forexternal purposes in accordance with generally accepted accounting principles. A company'sinternal financial control over financial

reporting includes those policies and procedures that (1) pertain to the maintenance ofrecords that in reasonable detail accurately and fairly reflect the transactions anddispositions of the assets of the company; (2) provide reasonable assurance thattransactions are recorded as necessary to permit preparation of financial statements inaccordance with generally accepted accounting principles and that receipts andexpenditures of the company are being made only in accordance with authorisations ofmanagement and directors of the company; and (3) provide reasonable assurance regardingprevention or timely detection of unauthorised acquisition use or disposition of thecompany's 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 financialreporting including the possibility of collusion or improper management override ofcontrols material misstatements due to error or fraud may occur and not be detected.Also projections of any evaluation of the internal financial controls over financialreporting to future periods are subject to the risk that the internal financial controlover financial reporting may become inadequate because of changes in conditions or thatthe degree of compliance with the policies or procedures may deteriorate. Opinion

In our opinion the Company has in all material respects an adequate internalfinancial controls system over financial reporting and such internal financial controlsover financial reporting were operating effectively as at March 31 2022 based on theinternal control over financial reporting criteria established by the Company consideringthe essential components of internal control stated in the Guidance Note on Audit ofInternal Financial Controls Over Financial Reporting issued by the Institute of CharteredAccountants of India.

For V. Sankar Aiyar & Co.
Chartered Accountants
(FRN 109208W)
Place: Mumbai (Asha Patel)
Date: May 21 2022 Partner
(M.No. 166048)
UDIN: 2216622166048AJIYRZ9602

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