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Jeena Sikho Lifecare Ltd.

BSE: 535446 Sector: Health care
NSE: JSLL ISIN Code: INE0J5801011
BSE 05:30 | 01 Jan Jeena Sikho Lifecare Ltd
NSE 15:41 | 11 Aug 156.00 -4.50
(-2.80%)
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Jeena Sikho Lifecare Ltd. (JSLL) - Auditors Report

Company auditors report

To

The Board of Directors Jeena Sikho Lifecare Limited

SCO 11 First Floor Kalgidhar Enclave Zirakpur Mohali Punjab 140604

Dear Sir

1. We have examined the attached Restated Financial Information of Jeena SikhoLifecare Limited comprising the Restated Statement of Asset and Liabilities as at 31stMarch 2021 31st March 2020 and period ended on 31st March 2019the Restated Statement of Profit & Loss and Restated Statement of Cash Flow for theyear ended on 31st March 2021 31st March 2020 and period ended on 31st March 2019 thesummary statement of significant accounting policies and other explanatory information(collectively the “Restated Financial Information”) as approved by the Boardof Directors of the company for the purpose of inclusion in the Draft Prospectus(“DP/Prospectus”) prepared by the Company in connection with its proposedInitial Public Offer of equity shares (“IPO”) prepared in terms of therequirements of:

a. Section 26 of Part I of Chapter III of the Companies Act 2013 (the“Act");

b. The Securities and Exchange Board of India (Issue of Capital and DisclosureRequirements) Regulations 2018 as amended ("ICDR Regulations"); and

c. The Guidance Note on Reports in Company Prospectuses (Revised 2019) issued by theInstitute of Chartered Accountants of India (“ICAI”) as amended from time totime (the “Guidance Note”).

2. The Company's Board of Directors is responsible for the preparation of theRestated Financial Information for the purpose of inclusion in the Draft Prospectus to befiled with the stock exchanges where the equity shares of the Company are proposed to belisted in connection with the proposed IPO. The Restated Financial Information have beenprepared by the management of the Company on the basis of preparation stated in note 2.1to the Restated Financial Information.

The Board of Directors of the Company are responsibility for designing implementingand maintaining adequate internal control relevant to the preparation and presentation ofthe Restated Financial Information. The Board of Directors are also responsible foridentifying and ensuring that the Company complies with the Act ICDR Regulations and theGuidance Note.

3. We have examined such Restated Financial Information taking into consideration: a.The terms of reference and terms of our engagement agreed upon with you in accordance withour engagement letter in connection with the proposed IPO of equity shares of the Company;

b. The Guidance Note. The Guidance Note also requires that we comply with the ethicalrequirements of the Code of Ethics issued by the ICAI;

c. Concepts of test checks and materiality to obtain reasonable assurance based onverification of evidence supporting the Restated Financial Information; and

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

4. These Restated Financial Information have been compiled by the management from:

a. Audited financial statements of the Company as at and for the year ended 31stMarch 2021 31st March 2020 and period ended on 31st March 2019prepared in accordance with the Accounting Standards (referred to as “AS”) asprescribed under Section 133 of the Act as amended and other accounting principlesgenerally accepted in India which have been approved by the Board of Directors.

5. For the purpose of our examination we have relied on:

a. Auditors' Report issued by the Previous Auditors dated 01st September2021 02nd December 2020 and 30th September 2019 on the financialstatements of the Company as at and for the year ended 31st March 2021 31stMarch 2020 and period ended on 31st March 2019.

b. Financial Statements for the year ended 31st March 2021 and 31st March 2020 havebeen audited by the Company Auditor AA Garg & Associates Chartered Accountants andfor the year ended 31st March 2019 by the Company Auditor Arvind Upkar & Co.Chartered Accountants respectively and accordingly reliance has been placed on thefinancial information examined by them for the said years. The Financial informationincluded for these years is based solely on the report submitted by them.

6. Based on our examination and according to the information and explanationsgiven to us and also as per the reliance placed on the audit report submitted by thePrevious Auditors for the respective periods/years we report that the Restated FinancialInformation:

a. have been prepared after incorporating adjustments for the changes in accountingpolicies material errors and regrouping/reclassifications retrospectively in thefinancial years ended 31st March 2021 31st March 2020 and periodended on 31st March 2019 to reflect the same accounting treatment as per theaccounting policies and grouping/classifications followed as at and for the year endedMarch 31 2021.

b. does not contain any qualifications requiring adjustments.

c. have been prepared in accordance with the Act the ICDR Regulations and the GuidanceNote.

7. The Restated Financial Information does not reflect the effects of eventsthat occurred subsequent to the respective dates of the reports on the audited financialstatements.

8. This report should not in any way be construed as a reissuance or re-datingof any of the previous audit reports issued by the Company Auditor's nor should thisreport be construed as a new opinion on any of the financial statements referred toherein.

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

10. Our report is intended solely for use of the Board of Directors for inclusion inthe Draft Prospectus to be filed with Stock exchanges in connection with the proposed IPO.Our report should not be used referred to or distributed for any other purpose exceptwith our prior consent in writing. Accordingly we do not accept or assume any liabilityor any duty of care for any other purpose or to any other person to whom this report isshown or into whose hands it may come without our prior consent in writing.

For KRA & Co.

Chartered Accountants

(Firm Registration No.020266N)

Saurabh Garg

Partner

Membership No.: 510541

UDIN: 21510541AAAAYJ9953

Place: New Delhi

Date: September 15 2021

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