To the Members of Ganesh Films India Limited Qualified Report on the Audit of theFinancial Statements
We have audited the accompanying financial statements of GANESH FILMS INDIA LIMITED("the Company") which comprises of the Balance Sheet as at 31 March 2022the Statement of Profit and Loss and the Statement of Cash Flow for the year ended on thatdate and a summary of the significant accounting policies and other explanatoryinformation (hereinafter referred to as "financial statements").
In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid financial statements gives a true and fair view in conformityexcept for the effects of matter described in the Basis for Qualified Opinion paragraphbelow with the aforesaid AS and other accounting principles generally accepted in Indiaprescribed under section 133 of the Act read with the Companies (Accounting Standards)Rules 2015 as amended ("AS") and other accounting principles generallyaccepted in India of the state of affairs of the Company as at 31 March 2022 the profitand its cash flows for the year ended on that date.
Basis for Qualified Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specifiedunder section 143(10) of the Companies Act 2013. Our responsibilities under thoseStandards are further described in the Auditor's Responsibilities for the Audit of theFinancial Statements section of our report. We are independent of 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 of thefinancial statements under the provisions of the Companies Act 2013 and the Rulesthereunder and we have fulfilled our other ethical responsibilities in accordance withthese 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 except for thefollowing qualified opinion as mentioned below:
1. The balances of trade receivables trade payables loans and advances are subject toconfirmations reconciliation and consequential adjustments if any.
ln view of above we are unable to comment upon the resultant impact of the above onthe profit for the year reserve and surplus investment loans and advances tradereceivables trade payables current and non-current assets and liabilities as at balancesheet date.
Emphasis of Matter:
We draw attention to Note No. 31 to the Financial Statements in which the Companydescribes the uncertainties arising from the COV1D 2019 pandemic. Our report is notmodified in respect of this matter.
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. Wehave determined the matters described below to be the key audit matters to be communicatedin our report.
|Sr. No. Key Audit Matter ||Auditor's Response |
|Revenue Recognition 1 ||In view of the significance of the matter we applied following audit procedures in this area among others to obtain sufficient appropriate audit evidence: |
|The Company in engaged in bridging the gap between South Indian film Industry and south Indian movie fans in northern regions of India. Wherein the Company provides rights to run the film in theaters. ||1. We assessed and tested the effectiveness of relevant controls over revenue within each of the revenue streams. 2. We inspected the terms of significant revenue contracts and assessed whether they were consistent with the basis of revenue recognized by the Company. |
|See accounting policies in Note 1.6.5 to the Financial Statements ||3. We agreed the weekly collection report underlying the calculation of revenue to sales records having assessed the relevant controls relating to the recording of that revenue. |
|The Company principally derives its revenue from sale of movie distribution rights from the theaters and commission income as per terms entered thereto. ||4. We also considered the adequacy of the Company's disclosures and the accounting policies included in the financial statements. |
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 ManagementDiscussion and Analysis Board's Report including Annexures to Board's Report BusinessResponsibility Report Corporate Governance and Shareholder's Information but does notinclude the financial statements and our 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 during thecourse of our audit or otherwise appears to be materially misstated.
If based on the work we have performed we conclude that there is a materialmisstatement of this other information; we are required to report that fact. We havenothing to report in this regard.
Management's Responsibility for Financial Statements
The Company's Board of Directors is responsible for the matters stated in Section134(5) of the Companies Act 2013 ("the Act") with respect to the preparationand presentation of these financial statements that give a true and fair view of thefinancial position financial performance cash flows and changes in equity of the Companyin accordance with the accounting principles generally accepted in India read withrelevant rules issued thereunder. This responsibility also includes maintenance ofadequate accounting records in accordance with the provisions of the Act for safeguardingthe assets of the Company and for preventing and detecting frauds and otherirregularities; selection and application of appropriate accounting policies; makingjudgments and estimates that are reasonable and prudent; and design implementation andmaintenance of adequate internal financial controls that were operating effectively forensuring the accuracy and completeness of the accounting records relevant to thepreparation and presentation of the financial statements that give a true and fair viewand are free from material misstatement whether due to fraud or error.
In preparing the financial statements 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 managementeither intends to liquidate the Company or to cease operations or has no realisticalternative but to do so.
The Board of Directors are also responsible for overseeing the Company's financialreporting process.
Auditor's Responsibility 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 the 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) (i) 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 Company'sability to continue as a going concern. If we conclude that a material uncertainty existswe are required to draw attention in our auditor's report to the related disclosures inthe 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 auditor'sreport. However future events or conditions may cause the Company to cease to continue asa going concern.
Evaluate the overall presentation structure and content of the financialstatements including the disclosures and whether the financial statements represent theunderlying transactions and events in a manner that achieves fair presentation.
Materiality is the magnitude of misstatements in the financial statements thatindividually or in aggregate makes it probable that the economic decisions of areasonably knowledgeable user of the financial statements may be influenced. We considerquantitative materiality and qualitative factors in (i) planning the scope of our auditwork and in evaluating the results of our work; and (ii) to evaluate the effect of anyidentified misstatements in the financial statements.
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 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.
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 and the Statement of Cash Flowdealt with by this Report are in agreement with the relevant books of account.
d. In our opinion the aforesaid financial statements comply with the specifiedrelevant accounting standard read with Rule 7 of the Companies (Accounts) Rules 2014except mentioned in para 2 of emphasis of matters.
e. On the basis of the written representations received from the directors as on 31March 2022 taken on record by the Board of Directors none of the directors isdisqualified as on 31 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 A". Our report expresses an unmodifiedopinion on the adequacy and operating effectiveness of the Company's internal financialcontrols over finan cial reporting.
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 Company has not paid any remuneration to its directors during the year.
With respect to the other matters included in the Auditor's Report in accordance withRule 11 of the Companies (Audit and Auditors) Rules 2020 in our opinion and to our bestof our information and according to the explanations given to us:
i. The Company does not have any pending litigations that would affect its financialposition.
ii. The Company did not have any long-term contracts including derivative contractsfor which there were any material foreseeable losses;
iii. There were no amounts required to be transferred to the Investor Education andProtection Fund by the Company.
iv. (a) The Management has represented that to the best of its knowledge and beliefno funds (which are material either individually or in the aggregate) have been advancedor loaned or invested (either from borrowed funds or share premium or any other sources orkind of funds) by the Company to or in any other person or entity including foreignentity ("Intermediaries") with the understanding whether recorded in writingor otherwise that the Intermediary shall whether directly or indirectly lend or investin other persons or entities identified in any manner whatsoever by or on behalf of theCompany ("Ultimate Beneficiaries") or provide any guarantee security or thelike on behalf of the Ultimate Beneficiaries;
(b) The Management has represented that to the best of its knowledge and belief nofunds (which are material either individually or in the aggregate) have been received bythe Company from any person or entity including foreign entity ("FundingParties") with the understanding whether recorded in writing or otherwise that theCompany shall whether directly or indirectly lend or invest in other persons orentities identified in any manner whatsoever by or on behalf of the Funding Party("Ultimate Beneficiaries") or provide any guarantee security or the like onbehalf of the Ultimate Beneficiaries;
(c) Based on the audit procedures that have been considered reasonable and appropriatein the circumstances nothing has come to our notice that has caused us to believe thatthe representations under sub-clause (i) and (ii)
v. Since the Company has not paid or proposed dividend for the year section 123 ofthe Act is not applicable.
2. As required by Companies (Auditor's report) Order 2020 (hereinafter referred to as'the Order') issued by the Central Government of India in terms of sub-section (11) ofsection 143 of the Act we give in the "Annexure B" a statement on the mattersspecified in paragraphs 3 and 4 of the said Order to the extent applicable.
To the Independent Auditors' Report on the financial statements of GANESH FILMS INDIALIMITED) for the year ended 31st March 2022
(Referred to in paragraph 1(f) under 'Report on Other Legal and RegulatoryRequirements' section of our report to the Members of GANESH FILMS INDIA LIMITED ofeven date)
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 GANESHFILMS INDIA LIMITED) ("the Company") as of 31 March 2022 in conjunction withour audit of the financial statements of the Company for the year ended on 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 ('ICAI'). These responsibilitiesinclude the design implementation and maintenance of adequate internal financial controlsthat were operating effectively for ensuring the orderly and efficient conduct of itsbusiness including adherence to company's policies the safeguarding of its assets theprevention and detection of frauds and errors the accuracy and completeness of theaccounting records and the timely preparation of reliable financial information asrequired under the Act.
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 Act to the extent applicable to an audit ofinternal financial controls both applicable to an audit of Internal Financial Controlsand both issued by the Institute of Chartered Accountants of India. Those Standards andthe Guidance Note require that we comply with ethical requirements and plan and performthe audit to obtain reasonable assurance about whether adequate internal financialcontrols over financial reporting was established and maintained and if such controlsoperated 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 judgment 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 designedto provide reasonable assurance regarding the reliability of financial reporting and thepreparation of financial statements for external purposes in accordance with generallyaccepted accounting principles. A company's internal financial control over financialreporting includes those policies and procedures that
(1) pertain to the maintenance of records that in reasonable detail accurately andfairly reflect the transactions and dispositions of the assets of the company;
(2) provide reasonable assurance that transactions are recorded as necessary to permitpreparation of financial statements in accordance with generally accepted accountingprinciples and that receipts and expenditures of the company are being made only inaccordance with authorizations of management and directors of the company; and
(3) provide reasonable assurance regarding prevention or timely detection ofunauthorized acquisition use or disposition of the company's assets that could have amaterial 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.
In our opinion and to the best of our information and according to the explanationsgiven to us the Company have in all material respects an adequate internal financialcontrols system over financial reporting and such internal financial controls overfinancial reporting were operating effectively as at March 31 2022 based on the internalcontrol over financial reporting criteria established by the respective companiesconsidering the essential components of internal control stated in the Guidance Note onAudit of Internal Financial Controls Over Financial Reporting issued by the Institute ofChartered Accountants of India.
ANNEXURE "B" TO THE INDEPENDENT AUDITORS' REPORT
(Referred to in paragraph 2 under the heading "Report on Other Legal andRegulatory Requirements" of our report of even date.)
i. In respect of its property plant and equipment and intangible assets:
a) (A) The Company has maintained proper records showing full particulars includingquantitative details and situation of property plant and equipment.
(B) The Company has maintained proper records showing full particulars of intangibleassets.
b) The Company has regular programme of physical verification of its property plantand equipment by which all property plant and equipment are verified in a phased manneron yearly basis. In our opinion this periodicity of physical verification is reasonablehaving regard to the size of the Company and the nature of its assets.
c) According to information & explanations given to us and on the basis of ourexamination of the records of the Company the title deeds of immovable properties areheld in the name of the Company.
d) The Company has not revalued any of its Property Plant and Equipment (includingright-of-use assets) and intangible assets during the year.
e) According to information and explanations given to us no proceedings have beeninitiated during the year or are pending against the Company as at March 31 2022 forholding any Benami property under the Benami Transactions (Prohibition) Act 1988 (asamended in 2016) and rules made thereunder
ii. a) As informed to us the physical verification of the inventories is notpossible as held in intangible form by the Company the Company is generally maintainingproper records of its inventories. No material discrepancy was noticed on verification ofintangible inventory by the management as compared to book records.
b) The Company has not been sanctioned working capital limits in excess of ^ 5 crorein aggregate at any points of time during the year from banks or financial institutionson the basis of security of current assets and hence reporting under clause 3(ii)(b) ofthe Order is not applicable.
iii. In respect of the Company's investments loan guarantee or security:
According to the information and explanation given to us the Company has not grantedloans secured or unsecured to companies firms limited liability partnerships or otherparties covered in the register maintained under Section 189 of the Act and accordinglythe provisions of Clause (iii) (a) to (c) of Para 3 of the Order are not applicable to theCompany.
iv. According to information and explanations given to us the Company has notgranted any loan secured or unsecured or provided any guarantee or security to theparties covered under Section 185 of the Act during the year. With respect to investmentsprovisions of Section 186 of the Act have been complied with.
v. In our opinion and according to the information and explanations given to usthe Company has not accepted any deposits from the public within the provisions ofSections 73 to 76 of the Companies Act 2013 and the rules framed there under.Accordingly Clause (v) of paragraph 3 of the Order is not applicable to the Company.
vi. In our opinion and according to information and explanation given to usmaintenance of cost records under section (1) of Section 148 of the Companies Act 2013 isnot applicable of the Company as required under Rule 3 of the Companies (Cost Records andAudit) Amendment Rules 2014.
vii. In respect of statutory dues:
a) According to the information and the explanations given to us the Company has beengenerally regular in depositing undisputed statutory dues including provident fund incometax service tax GST cess and other statutory dues applicable to it with theappropriate authorities. There were no arrears in this respect as at 31 March 2022 for aperiod of more than six months from the date they became payable except professional taxof Rs. 5900.
b) According to information and explanations given to us there is no dues on accountof income tax service tax GST and other statutory dues which have not been depositedwith the appropriate authorities on account of any dispute.
viii. There were no transactions relating to previously unrecorded income that havebeen surrendered or disclosed as income during the year in the tax assessments under theIncome Tax Act 1961 (43 of 1961).
ix. a) The Company has taken working capital term loan from bank and there isdelay/ default on repayment of loan and interest as follows.
(Rs. In Thousands)
|Nature of Borrowing ||Name of lender ||Amount not paid on Due date ||Whether Principal or Interest ||No. of days delays or Unpaid ||Remarks |
|Working Capital Term Loan under ECLGS ||The Karur Vyasa Bank Ltd ||30.67 ||Interest ||2 ||Paid Subsequently |
|Working Capital Term Loan under ECLGS ||The Karur Vyasa Bank Ltd ||31.37 ||Interest ||14 ||Paid Subsequently |
|Working Capital Term Loan under ECLGS ||The Karur Vyasa Bank Ltd ||30.77 ||Interest ||13 ||Paid Subsequently |
|Working Capital Term Loan under ECLGS ||The Karur Vyasa Bank Ltd ||31.54 ||Interest ||10 ||Paid Subsequently |
|Working Capital Term Loan under ECLGS ||The Karur Vyasa Bank Ltd ||28.53 ||Interest ||10 ||Paid Subsequently |
|Working Capital Term Loan under ECLGS ||The Karur Vyasa Bank Ltd ||29.78 ||Interest ||82 ||Paid Subsequently |
|Working Capital Term Loan under ECLGS ||The Karur Vyasa Bank Ltd ||93.44 ||Principal ||61 ||Paid Subsequently |
|Working Capital Term Loan under ECLGS ||The Karur Vyasa Bank Ltd ||93.44 ||Principal ||83 ||Paid Subsequently |
|Working Capital Term Loan under ECLGS ||The Karur Vyasa Bank Ltd ||93.44 ||Principal ||74 ||Paid Subsequently |
|Working Capital Term Loan under ECLGS ||The Karur Vyasa Bank Ltd ||93.44 ||Principal ||56 ||Paid Subsequently |
|Working Capital Term Loan under ECLGS ||The Karur Vyasa Bank Ltd ||93.44 ||Principal ||54 ||Paid Subsequently |
|Working Capital Term Loan under ECLGS ||The Karur Vyasa Bank Ltd ||93.44 ||Principal ||82 ||Paid Subsequently |
b) The Company has not been declared willful defaulter by any bank or financialinstitution or government or any government authority.
c) Based on our audit procedures and on the basis of information and explanations givento us working term loans raised by the Company during the year and outstanding workingterm loans at the beginning of the year have been applied by the Company during the yearfor the purposes for which they were raised.
d) On an overall examination of the financial statements of the Company funds raisedon short-term basis have prima facie not been used during the year for long-termpurposes by the Company.
e) On an overall examination of the financial statements of the Company the Companyhas not taken any funds from any entity or person on account of or to meet the obligationsof its subsidiaries.
a) The Company has not raised moneys by way of initial public offer or further publicoffer (including debt instruments) during the year and hence reporting under clause3(x)(a) of the Order is not applicable.
b) During the year the Company has not made any preferential allotment or privateplacement of shares or convertible debentures (fully or partly or optionally) and hencereporting under clause 3(x)(b) of the Order is not applicable.
a) Based upon the audit procedures performed for the purpose of reporting the true andfair view of the financial statements and according to the information and explanationsgiven to us we report that no fraud by the Company or on the Company has been noticed orreported during the year.
b) No report under sub-section (12) of section 143 of the Companies Act has been filedin Form ADT-4 as prescribed under rule 13 of Companies (Audit and Auditors) Rules 2014with the Central Government during the year and upto the date of this report.
c) According to the information and explanations given to us the Company has notreceived any whistle blower complaints during the year (and upto the date of this report)while determining the nature timing and extent of our audit procedures.
xii. In our opinion and according to the information and explanations given to usthe Company is not a Nidhi company. Accordingly paragraph 3(xii) of the Order is notapplicable.
xiii. In our opinion the Company is in compliance with Section 177 and 188 of theCompanies Act 2013 with respect to applicable transactions with the related parties andthe details of related party transactions have been disclosed in the standalone financialstatements as required by the applicable accounting standards.
xiv. (a) In our opinion the Company has an adequate internal audit systemcommensurate with the size and the nature of its business.
(b) We have considered the internal audit reports for the year under audit issued tothe Company during the year and till date in determining the nature timing and extent ofour audit procedures.
xv. In our opinion during the year the Company has not entered into any non-cashtransactions with its Directors or persons connected with its directors. and henceprovisions of section 192 of the Companies Act 2013 are not applicable to the Company.
a) In our opinion the Company is not required to be registered under section 45-IA ofthe Reserve Bank of India Act 1934. Hence reporting under clause 3(xvi)(a) (b) and (c)of the Order is not applicable.
b) In our opinion there is no core investment company within the Group (as defined inthe Core Investment Companies (Reserve Bank) Directions 2016) and accordingly reportingunder clause 3(xvi)(d) of the Order is not applicable
xvii. The Company has incurred cash losses of Rs. 6831.29 thousands during thefinancial year covered by our audit and cash loss of Rs. 7228.38 thousand was incurred inthe immediately preceding financial year.
xviii. There has been no resignation of the statutory auditors of the Companyduring the year.
xix. On the basis of the financial ratios ageing and expected dates of realizationof financial assets and payment of financial liabilities other information accompanyingthe financial statements and our knowledge of the Board of Directors and Management plansand based on our examination of the evidence supporting the assumptions nothing has cometo our attention which causes us to believe that any material uncertainty exists as onthe date of the audit report indicating that Company is not capable of meeting itsliabilities existing at the date of balance sheet as and when they fall due within aperiod of one year from the balance sheet date. We however state that this is not anassurance as to the future viability of the Company. We further state that our reportingis based on the facts up to the date of the audit report and we neither give any guaranteenor any assurance that all liabilities falling due within a period of one year from thebalance sheet date will get discharged by the Company as and when they fall due.
xx. The Company is not required to spent amounts towards Corporate SocialResponsibility as it does not fulfill the condition given under section 135 of CompaniesAct 2013. Accordingly reporting on clauses 3(xx) (a) and 3(xx)(b) of the Order is notapplicable to the Company.
|For JMR & Associates LLP |
|Chartered Accountants |
|Firm Reg. No.: 106912W / W100300 |
|CA Nikesh Jain |
|Membership No.: 114003 |
|UDIN: 22114003AJVQGJ9043 |
|Place: Mumbai |
|Date: 30 May 2022 |