To the Members of Grasim Industries Limited
REPORT ON THE AUDIT OF THE STANDALONE FINANCIAL STATEMENTS
We have audited the standalone financial statements of Grasim Industries Limited("the Company") which comprise the standalone balance sheet as at 31stMarch 2021 and the standalone statement of profit and loss (including other comprehensiveincome) standalone statement of changes in equity and standalone statement of cash flowsfor the year then ended and notes to the standalone financial statements including asummary of the significant accounting policies and other explanatory information (hereinafter referred to as "Standalone Financial Statements").
In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid standalone financial statements give the information requiredby the Companies Act 2013 ("Act") in the manner so required and give a true andfair view in conformity with the accounting principles generally accepted in India of thestate of affairs of the Company as at 31st March 2021 and profit and othercomprehensive income changes in equity and its cash flows for the year ended on thatdate.
BASIS FOR OPINION
We conducted our audit in accordance with the Standards on Auditing (SAs) specifiedunder section 143(10) of the Act. Our responsibilities under those SAs are furtherdescribed in the Auditor's Responsibilities for the Audit of the Standalone FinancialStatements section of our report. We are independent of the Company in accordance with theCode of Ethics issued by the Institute of Chartered Accountants of India together with theethical requirements that are relevant to our audit of the standalone financial statementsunder the provisions of the Act and the Rules thereunder and we have fulfilled our otherethical responsibilities in accordance with these requirements and the Code of Ethics. Webelieve that the audit evidence we have obtained is sufficient and appropriate to providea basis for our opinion on the Standalone financial statements.
KEY AUDIT MATTERS
Key audit matters are those matters that in our professional judgment were of mostsignificance in our audit of the standalone financial statements of the current period.These matters were addressed in the context of our audit of the standalone financialstatements as a whole and in forming our opinion thereon and we do not provide aseparate opinion on these matters.
|Key audit matters ||How our audit addressed the key audit matter |
|Assessment of impairment of investments in subsidiaries associates and joint ventures || |
|As disclosed in note 2.4 of standalone financial statements the Company has investments in subsidiaries associates and joint venture companies of C 21756.84 Crore (P.Y - C 21695.99 Crore). The said investments are carried at cost less allowance for impairment. ||Our audit procedures included the following: |
|The Company analyses regularly for indicators of impairment in the said investments by reference to the requirements under relevant Ind AS. || Tested the design and the operating effectiveness of internal controls over the impairment assessment process including assessment of valuation models used in assessment of impairment in the value of investment in subsidiaries associates and Joint venture |
|We identified the annual impairment assessment as a key audit matter because carrying value of these investments is significant assessment process is complex judgmental by nature significant changes in business environment specifically due to outbreak of Covid-19 and further is based on assumptions on: || Examined the Company's assessment for indicators of impairment of such investments. In cases where such indicators existed tested the estimates and assumption made by the Company of the recoverable amounts and the allowance for impairment for these investments. |
| projected future cash inflows; || Evaluated competence capabilities and independence of the specialist engaged by the Company and analyzed the valuation reports issued by such specialist. |
| expected growth rate; discount rate; terminal growth rate; || 1 nvolved our valuation expert to assist in evaluating the key assumptions of the valuations. |
| comparison of price and market multiples || Tested the arithmetical accuracy of the computation of recoverable amounts |
|Refer note 1.32 - significant accounting policy for impairment of investments. ||of investments. |
| || Assessment of historical forecasting accuracy by comparing previously forecasted cash flows to actual. |
| || Assessed the disclosures in relation to its annual impairment test in note 1.32 to the financial statements. |
|Regulations - Litigation pertaining to matters related to direct tax and Competition Commission of India (CCI) || |
|As disclosed in note 4.1 of the standalone financial statements the Company has pending litigations with regards to direct tax matter relating to demerger of financial services business amounting to C 7340.16 Crore (including interest of C 1468.03 Crore upto 31st March 2021) and order issued by the Competition Commission of India ("CCI") on the Viscose Staple Fiber ("VSF") business of the Company amounting to C 301.61 Crore detailed as under: ||Our audit procedures included the following: |
| The Company's tax position has been challenged by the tax authorities and demanded dividend distribution tax alleging that the demerger of the Financial Services Business is not qualifying demerger as per Income Tax Act 1961 and treating the value of shares allotted by the resulting Company to the shareholders of the Company in consideration of demerger as dividend distributed by the Company to its shareholde. || Tested the design and operating effectiveness of internal controls related to the assessment of the likely outcome of regulatory and tax matters and provision made if any. |
| CCI has issued an order against the Company alleging abuse of dominant position in VSF business and consequent violation of Competition Act 2002. || Obtained and read the details of legal and tax disputed matte. Further read the latest correspondence between the Company and various regulatory authorities. |
|We considered the above as key audit matter as the Company applies significant judgment in estimating the likelihood of the future outcome based on its own past assessments judicial precedents and opinions of experts/legal counsels. when considering whether and how much to provide or in determining the required disclosure for the potential exposure of these matte. This is due to highly complex nature and magnitude of amounts involved along with the fact that resolution of income-tax and CCI proceedings may span over multiple years may involve protracted litigation and these estimates could change substantially over time as based on regulatory positions as these matters progress. || Considered evaluation made by the management on direct tax and CCI matter and assessed management's position through discussions on both the probability of success and the magnitude of any potential loss. |
| || Read external opinions obtained by the management for direct tax and CCI matter and other evidence to corroborate management's assessment of the risk profile in respect of them. |
| || Involved tax expert in assessing the nature and amount of the tax exposure. Assessed management's conclusions on whether exposures are probable contingent or remote. |
| || Obtained direct legal confirmations for CCI matter from the law firm handling such matter to corroborate management's conclusion. |
| || Assessed the disclosures in note 4.1 made in relation to these direct tax and CCI matter for compliance with disclosure requirements. |
INFORMATION OTHER THAN THE STANDALONE FINANCIAL STATEMENTS AND AUDITORS' REPORT THEREON
The Company's management and Board of Directors are responsible for the otherinformation. The other information comprises the information included in the Company'sannual report but does not include the financial statements and our auditors' reportthereon.
Our opinion on the standalone financial statements does not cover the other informationand we do not express any form of assurance conclusion thereon.
In connection with our audit of the standalone financial statements our responsibilityis to read the other information and in doing so consider whether the other informationis materially inconsistent with the standalone financial statements or our knowledgeobtained in the audit or otherwise appears to be materially misstated. If based on thework we have performed we conclude that there is a material misstatement of this otherinformation we are required to report that fact. We have nothing to report in thisregard.
MANAGEMENT'S AND BOARD OF DIRECTORS' RESPONSIBILITY FOR THE STANDALONE FINANCIALSTATEMENTS
The Company's Management and Board of Directors are responsible for the matters statedin section 134(5) of the Act
with respect to the preparation of these standalone financial statements that give atrue and fair view of the state of affairs profit and other comprehensive income changesin equity and cash flows of the Company in accordance with the accounting principlesgenerally accepted in India including the Indian Accounting Standards (Ind AS) specifiedunder section 133 of the Act. This responsibility also includes maintenance of adequateaccounting records in accordance with the provisions of the Act for safeguarding of theassets of the Company and for preventing and detecting frauds and other irregularities;selection and application of appropriate accounting policies; making judgments andestimates that are reasonable and prudent; and design implementation and maintenance ofadequate internal financial controls that were operating effectively for ensuring accuracyand completeness of the accounting records relevant to the preparation and presentationof the standalone financial statements that give a true and fair view and are free frommaterial misstatement whether due to fraud or error.
In preparing the standalone financial statements the Management and Board of Directorsare responsible 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 is also responsible for overseeing the Company's financialreporting process.
AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE STANDALONE FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assurance about whether the standalonefinancial statements as a whole are free from material misstatement whether due to fraudor error and to issue an auditor's report that includes our opinion. Reasonable assuranceis a 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 to influence the economic decisions of userstaken on the basis of these standalone 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 standalonefinancial statements 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 control relevant to the audit in order todesign 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 hasadequate internal financial controls with reference to financial statements in place andthe operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonablenessof accounting estimates and related disclosures in the standalone financial statementsmade by the Management and Board of directors.
Conclude on the appropriateness of the Management and Board of Directors use ofthe going concern basis of accounting and based on the audit evidence obtained whether amaterial uncertainty exists related to events or conditions that may cast significantdoubt on the Company's ability to continue as a going concern. If we conclude that amaterial uncertainty exists we are required to draw attention in our auditor's report tothe related disclosures in the standalone financial statements or if such disclosures areinadequate to modify our opinion. Our conclusions are based on the audit evidenceobtained up to the date of our auditor's report. However future events or conditions maycause the Company to cease to continue as a going concern.
Evaluate the overall presentation structure and content of the standalonefinancial statements including the disclosures and whether the standalone 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 standalone financial statementsof the current period and are therefore the key audit matte. We describe these matters inour auditors' report unless law or regulation precludes public disclosure about the matteror when 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 (Auditors' Report) Order 2016 ("the Order")issued by the Central Government in terms of section 143 (11) of the Act we give in the"Annexure A" a statement on the matters specified in paragraphs 3 and 4 of theOrder to the extent applicable.
2. (A) As required by Section 143(3) of the Act we report
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) I n 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 standalone balance sheet the standalone statement of profit and loss (includingother comprehensive income) the standalone statement of changes in equity and thestandalone statement of cash flows dealt with by this Report are in agreement with thebooks of account.
d) In our opinion the aforesaid standalone financial statements comply with the Ind ASspecified under section 133 of the Act.
e) On the basis of the written representations received from the directors as on 31stMarch 2021 taken on record by the Board of Directors none of the directors isdisqualified as on 31st March 2021 from being appointed as a director in termsof Section 164(2) of the Act.
f) With respect to the adequacy of the internal financial controls with reference tofinancial statements of the Company and the operating effectiveness of such controlsrefer to our separate Report in "Annexure B".
(B) With respect to the other matters to be included in the Auditors' 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 disclosed the impact of pending litigations as at 31stMarch 2021 on its financial position in its standalone financial statements - Refer Note4.1 to the standalone financial statements;
ii. The Company has made provision as required under the applicable law or accounting
standards for material foreseeable losses if any on long-term contracts includingderivative contracts- Refer Note 4.11 to the standalone financial statements;
iii. There has been no delay in transferring amounts required to be transferred tothe Investor Education and Protection Fund by the Company.
iv. The disclosures in the standalone financial statements regarding holdings as wellas dealings in specified bank notes during the period from 8th November 2016 to30th December 2016 have not been made in these financial statements since theydo not pertain to the financial year ended 31st March 2021
(C) With respect to the matter to be included in the Auditors' Report under section197(16):
In our opinion and according to the information and explanations given to us theremuneration paid by the company to its directors during the current year is in accordancewith the provisions of Section 197 of the Act. The remuneration paid to any director isnot in excess of the limit laid down under Section 197 of the Act. The Ministry ofCorporate Affairs has not prescribed other details under Section 197(16) which proroniiirorl fn hp rnmmpnfprl iinnn h\/ up
to the Independent Auditor's Report on standalone financial statements of GrasimIndustries Limited for the year ended 31st March 2021
REPORT ON THE COMPANIES (AUDITOR'S REPORT) ORDER 2016 ("THE ORDER") WITHREFERENCE TO AFORESAID STANDALONE FINANCIAL STATEMENTS IN TERMS OF SECTION 143(11) OF THECOMPANIES ACT 2013 ("THE ACT")
(i) (a) The Company has maintained proper records showing
full particulars including quantitative details and situation of the fixed assets.
( b) The Company has a regular program of physical verification of its fixed assets bywhich all fixed assets are verified in a phased manner over a period of two to threeyears. In accordance with this program a portion of the fixed assets has been physicallyverified by the management during the year and no material discrepancies have been noticedon such verification. In our opinion this periodicity of physical verification isreasonable having regard to the size of the Company and the nature of its assets.
(c) According to the information and explanations given to us and on the basis of ourexamination of the records of the Company the title deeds of immovable properties asdisclosed in Note 2.1.1 to the standalone financial statements are held in the name ofthe Company except for the following:
|Particulars ||Freehold land ||Building |
|Gross Block as at 31st March 2021 ||568.07 ||356.53 |
|Net Block as at 31st March 2021 ||568.07 ||298.68 |
The above properties have been received on merger of the erstwhile Companies. TheCompany is in the process of transferring title deeds.
(ii) I nventory except good-in-transit has been physically verified by the managementat reasonable intervals during the year. In our opinion the frequency of suchverification is reasonable. In respect of inventory lying with third parties these havesubstantially been confirmed by them. The discrepancies noticed on such verificationbetween physical stocks and the book records were not material and have been dealt with inbooks of account.
(iii) In our opinion and according to information and explanations given to us theCompany has not granted any loans secured or unsecured to companies firms limitedliability partnerships or other parties covered in the register maintained under Section189 of the Act.
Accordingly clause 3(iii) of the Order is not applicable to the Company.
(iv) The Company has not granted any loans or provided any guarantees or security tothe parties covered under Section 185 of the Act. The Company has complied with theprovisions of Section 186 of the Act in respect of investments made or loans or guaranteesor security provided to the parties covered under Section 186.
(v) According to information and explanations given to us the Company has not acceptedany deposits from the public within the meaning of the directives issued by Reserve Bankof India provisions of Sections 73 to 76 of the Act any other relevant provisions of theAct and the relevant rules framed thereunder. Accordingly clause 3 (v) of the Order isnot applicable to the Company.
(vi) We have broadly reviewed the books of accounts maintained by the Company pursuantto the rules prescribed by Central Government for maintenance of cost records underSection 148 (1) of the Act and are of the opinion that prima facie the prescribedaccounts and records have been made and maintained. However we have not made a detailedexamination of the cost records with a view to determine whether they are accurate orcomplete.
(vii) (a) According to the information and explanations given
to us and the records of the Company examined by us in our opinion the Company isgenerally regular in depositing the undisputed statutory dues including provident fundemployees' state insurance income tax goods and services tax duty of customs cess andother material statutory dues as applicable with the appropriate authorities.
According to the information and explanations given to us no undisputed amountspayable in respect of provident fund employees' state insurance income tax goods andservices tax duty of customs cess and other material statutory dues were in arrears asat 31st March 2021 for a period of more than six months from the date theybecame payable.
(b) According to the information and explanations given to us there are no dues ofincome tax sales tax service tax goods and services tax duty of customs duty ofexcise or value added tax which have not been deposited with the appropriate authoritieson account of any dispute other than those mentioned in Appendix I to this report.
(viii) I n our opinion and according to the information and explanations given to usthe Company has not defaulted in repayment of loans or borrowings to financialinstitutions banks government or due to debenture holde.
(ix) I n our opinion and according to the information and explanations given to us theCompany has not raised any moneys by way of initial public offer or further public offer(including debt instruments) and term loans during the year. Accordingly clause 3(ix) ofthe Order is not applicable to the Company.
(x) According to the information and explanations given to us no material fraud by theCompany or on the Company by its officers or employees has been noticed or reported duringthe year.
(xi) According to the information and explanations give to us and based on ourexamination of the records the Company has paid or provided for managerial remunerationin accordance with the requisite approvals mandated by the provisions of Section 197 readwith Schedule V to the Act.
(xii) I n our opinion and according to the information and explanations given to usthe Company is not a Nidhi company and the Nidhi Rules 2014 are not applicable to it.Accordingly clause 3(xii) of the Order is not applicable to the Company.
I (xiii) According to the information and explanations given to i us and based on ourexamination of the records of the
Company transactions with the related parties are in
compliance with Sections 177 and 188 of the Act where applicable. The details of suchrelated party transactions I have been disclosed in the notes to the Standalone
' Financial Statements as required by applicable accounting
standards as notified under the Companies (Indian ! Accounting Standards) (Amendment)Rules 2016.
(xiv) According to the information and explanations give to us and based on ourexamination of the records of the ) Company the Company has not made any preferential
' allotment or private placement of shares or fully or partly
I convertible debentures during the year. Accordingly clause
3(xiv) of the Order is not applicable to the Company.
; (xv) According to the information and explanations given to us ' and based on ourexamination of the records the Company
i has not entered into non-cash transactions with directors
! or persons connected with them as referred to in section
. 192 of the Act. Accordingly clause 3(xv) of the Order is not
applicable to the Company.
i (xvi) I n our opinion and according to the information and ) explanations given tous the Company is not required to
! be registered under section 45-IA of the Reserve Bank of
India Act 1934. Accordingly clause 3 (xvi) of the Order is not applicable to theCompany.
|Name of the Statute ||Nature of the Dues ||Amount (D in Crore) ||Period to which the amount relates ||Forum where dispute is pending |
|Income Tax Act 1961 ||Income Tax and Interest ||2.23 ||2004-05 ||High Court |
| || ||3786.34 ||2017-18 ||Appellate Authority |
| || ||53.78 ||2002-18 ||Appellate Authority |
| || ||8.87 ||2007-20 ||Assessing Authority |
|Sales Tax/Value Added Tax ||Sales Tax VAT Interest and ||0.04 ||1999-10 ||High Court |
|Act ||Penalty ||27.96 ||1992-19 ||Appellate Authority |
| || ||3.68 ||2001-21 ||Assessing Authority |
|Entry Tax Act ||Entry Tax and Interest ||20.44 ||2004-18 ||High Court |
| || ||0.01 ||2004-05 ||Assessing Authority |
|Service Tax under Finance ||Service Tax Interest and ||13.59 ||2004-11 ||Appellate Authority |
|Act 1994 ||Penalty ||46.48 ||1997-16 ||Assessing Authority |
|Customs Act 1962 ||Customs Duty Interest and ||0.56 ||2001-02 ||Supreme Court |
| ||Penalty ||2.31 ||1975-88 ||High Court |
| || ||16.31 ||2004-19 ||Appellate Authority |
| || ||7.87 ||1985-17 ||Assessing Authority |
|Central Excise Act 1944 ||Excise Duty Interest and ||1.05 ||1996-18 ||High Court |
| ||Penalty ||59.95 ||1994-17 ||Appellate Authority |
| || ||21.79 ||1974-18 ||Assessing Authority |
to the Independent Auditors' report on the standalone financial statements of GrasimIndustries Limited for the year ended 31st March 2021
Report on the internal financial controls with reference to the aforesaid standalonefinancial statements under Clause (i) of Sub-section 3 of Section 143 of the CompaniesAct 2013
(Referred to in paragraph 2A(f) under 'Report on Other Legal and RegulatoryRequirements' section of our report of even date)
We have audited the internal financial controls with reference to standalone financialstatements of Grasim Industries Limited ("the Company") as of 31stMarch 2021 in conjunction with our audit of the standalone financial statements of theCompany for the year ended on that date.
In our opinion the Company has in all material respects adequate internal financialcontrols with reference to standalone financial statements and such internal financialcontrols were operating effectively as at 31st March 2021 based on theinternal financial controls with reference to standalone financial statements 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 (the "Guidance Note").
MANAGEMENT'S RESPONSIBILITY FOR INTERNAL FINANCIAL CONTROLS
The Company's management and the Board of Directors are responsible for establishingand maintaining internal financial controls based on the internal financial controls withreference to standalone financial statements criteria established by the Companyconsidering the essential components of internal control stated in the Guidance Note.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 (hereinafterreferred to as "the Act").
Our responsibility is to express an opinion on the Company's internal financialcontrols with reference to standalone financial statements based on our audit. Weconducted our audit in accordance with the Guidance Note and the Standards on Auditingprescribed under section 143(10) of the Act to the extent applicable to an audit ofinternal financial controls with reference to standalone financial statements. ThoseStandards and the Guidance Note require that we comply with ethical requirements and planand perform the audit to obtain reasonable assurance about whether adequate internalfinancial controls with reference to standalone financial statements were established andmaintained and whether such controls operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy ofthe internal financial controls with reference to standalone financial statements andtheir operating effectiveness. Our audit of internal financial controls with reference tostandalone financial statements included obtaining an understanding of such internalfinancial controls assessing the risk that a material weakness exists and testing andevaluating the design and operating effectiveness of internal control based on theassessed risk. The procedures selected depend on the auditor's judgement including theassessment of the risks of material misstatement of the standalone financial statementswhether 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 withreference to standalone financial statements.
MEANING OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO STANDALONE FINANCIALSTATEMENTS
A company's internal financial controls with reference to standalone financialstatements is a process designed to provide reasonable assurance regarding the reliabilityof financial reporting and the preparation of standalone financial statements for externalpurposes in accordance with generally accepted accounting principles. A company's internalfinancial controls with reference to standalone financial statements
include those policies and procedures that (1) pertain to the maintenance of recordsthat 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 standalone financialstatements in accordance with generally accepted accounting principles and that receiptsand expenditures 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 standalone financial statements.
INHERENT LIMITATIONS OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO STANDALONEFINANCIAL STATEMENTS
Because of the inherent limitations of internal financial controls with reference tostandalone financial statements including the possibility of collusion or impropermanagement override of controls material misstatements due to error or fraud may occurand not be detected. Also projections of any evaluation of the internal financialcontrols with reference to standalone financial statements to future periods are subjectto the risk that the internal financial controls with reference to standalone financialstatements may become inadequate because of changes in conditions or that the degree ofcompliance with the policies or procedures may deteriorate.
|For B S R & Co. LLP ||For S R B C & CO LLP |
|Chartered Accountants ||Chartered Accountants |
|Firm's Registration No: 101248W/W-100022 ||Firm's Registration No: 324982E/E300003 |
|Vikas R Kasat ||Vijay Maniar |
|Partner ||Partner |
|Membership No: 105317 ||Membership No: 36738 |
|UDIN : 2110531st7AAAADP9559 ||UDIN :21036738AAAADV6736 |
|Mumbai ||Mumbai |
|24th May 2021 ||24th May 2021 |