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Khaitan Chemicals & Fertilizers Ltd.

BSE: 507794 Sector: Agri and agri inputs
NSE: KHAICHEM ISIN Code: INE745B01028
BSE 00:00 | 02 Aug 77.55 1.85
(2.44%)
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79.45

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NSE 00:00 | 02 Aug 77.50 1.75
(2.31%)
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79.50

HIGH

79.50

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OPEN 79.20
PREVIOUS CLOSE 75.70
VOLUME 54281
52-Week high 79.45
52-Week low 16.61
P/E 30.18
Mkt Cap.(Rs cr) 752
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 79.20
CLOSE 75.70
VOLUME 54281
52-Week high 79.45
52-Week low 16.61
P/E 30.18
Mkt Cap.(Rs cr) 752
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Khaitan Chemicals & Fertilizers Ltd. (KHAICHEM) - Auditors Report

Company auditors report

To

The Members of Khaitan Chemicals and Fertilizers Limited Report on the Audit of theFinancial Statements Opinion

We have audited the accompanying financial statements of Khaitan Chemicals andFertilizers Limited ("the Company") which comprise the Balance Sheet as atMarch 31 2021 the Statement of Profit and Loss (including Other Comprehensive Income)the Statement of Changes in Equity and the Statement of Cash Flows for the year ended onthat date and notes to the financial statements including a summary of significantaccounting policies and other explanatory information (hereinafter referred 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 the Indian Accounting Standards prescribed under section 133of the Act read with the Companies (Indian Accounting Standards) Rules 2015 as amendedthereof ("Ind AS") and other accounting principles generally accepted in Indiaof the state of affairs of the Company as at March 31 2021 and its profit totalcomprehensive income changes in equity and its cash flows for the year ended on thatdate.

Basis for Opinion

We conducted our audit of the financial statements in accordance with the Standards onAuditing specified under section 143(10) of the Act (SAs). Our responsibilities underthose Standards are further described in the Auditor’s Responsibilities for the Auditof the financial 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 (ICAI) together with the ethical requirements that are relevant to our audit of thefinancial statements under the provisions of the Act and the Rules made thereunder and wehave fulfilled our other ethical responsibilities in accordance with these requirementsand the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us issufficient and appropriate to provide a basis for our audit opinion on the financialstatements.

Emphasis of Matter

We draw attention to Note 51 to the financial statement which describes theuncertainties and the impact of Covid-19 pandemic on the Company’s operations andresults as assessed by the management. Further our attendance at the physical inventoryverification done by the management was impracticable under the current lock-downrestrictions imposed by the Government and we have therefore relied on the relatedalternate audit procedures to obtain comfort over the existence and condition of inventoryat year end. Our opinion is not modified in respect of these matters.

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.

Key Audit Matter Auditors Response
1. Recoverability position of trade receivables for newly explored markets . Principal Audit Procedures
The company has material trade receivables amounting to Rs. 1132.39 lakhs outstanding from more than one year. Our procedures on the manage-ment’s assessment of exploring the new markets and realisation of trade receivables included:
In past the company has explored certain market against which recovery from trade receivables are still outstanding. Also recovery is dependent on adequacy of monsoon. Understanding and evaluating process and controls designed and implemented by the management including testing of relevant controls;
As explained by the management that the establishing of a newly explored market takes time and in past monsoon was not adequate. Gaining an understanding of the proce- dure adopted in exploring the market;
As per the prevailing policy the company has made the adequate provision for expected credit loss. Obtaining sufficient audit evidence of receipts subsequent to the year end from the customers.
Management has represented that the money will be realised in due course. Assessed management’s assumptions used to analyse the recover ability of trade receivables Through analyses of ageing of receivables assessment of significant overdue trade receivables and the provision for impairment of credit receivable as made by the company.
Based on the management estimate representation received and the audit procedure applied in respect of new market we consider the management’s assessment as reasonable.

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

The Company’s Board of Directors is responsible for the other information. Theother information comprises the information included in the Management Discussion andAnalysis Board’s Report including Annexures to Board’s Report and CorporateGovernance but does not include the financial statements and our auditor’s reportthereon.

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 Responsibilities for the Financial Statements

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 including othercomprehensive income changes in equity and cash flows of the Company in accordance withaccounting principles generally accepted in India including the Indian AccountingStandards (Ind AS) specified under Section 133 of the Act read with the Companies (IndianAccounting Standards) Rules 2015 as amended thereof. This responsibility also includesmaintenance of adequate accounting records in accordance with the provisions of the Actfor safeguarding the assets of the Company and for preventing and detecting frauds andother irregularities; selection and application of appropriate accounting policies; makingjudgments and estimates that are reasonable and prudent; 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 is responsible for overseeing theCompany’s financial reporting 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 ahigh level of assurance but is not a guarantee that an audit conducted in accordance withSAs will always detect a material misstatement when it exists. Misstatements can arisefrom fraud 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 scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the financial statementswhether due to fraud or error design and perform audit procedures responsive to thoserisks and obtain audit evidence that is sufficient and appropriate to provide a basis forour opinion. The risk of not detecting a material misstatement resulting from fraud ishigher than for one resulting from error as fraud may involve collusion forgeryintentional omissions misrepresentations or the override of internal control.

Obtain an understanding of internal financial 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 system in place and the operating effectiveness ofsuch controls.

Evaluate the appropriateness of accounting policies used and the reasonableness ofaccounting estimates and related disclosures made by the management.

Conclude on the appropriateness of management’s use of the going concern basis ofaccounting and based on the audit evidence obtained whether a material uncertaintyexists related to events or conditions that may cast significant doubt on theCompany’s ability to continue as a going concern. If we conclude that a materialuncertainty exists we are required to draw attention in our auditor’s report to therelated disclosures in the financial statements or if such disclosures are inadequate tomodify our opinion. Our conclusions are based on the audit evidence obtained up to thedate of our auditor’s report. However future events or conditions may cause theCompany to cease to continue as a going concern.

Evaluate the overall presentation structure and content of the financial statementsincluding the disclosures and whether the financial statements represent the underlyingtransactions 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 audit work and in evaluating the results of our work; and

(ii) to evaluate the effect of any identified misstatements in the financialstatements.

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 thematter or 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 (Auditor’s Report) Order 2016 ("theOrder") issued by the Central Government of India in terms of Section 143(11) of theAct we give in "Annexure A" a statement on the matters specified in paragraphs3 and 4 of the Order.

2. As required by Section 143(3) of the Act based on our audit 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 aforesaidfinancial statements;

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 statement of cash flow and the statement of changes in equity dealt with by thisReport are in agreement with the relevant books of account;

d) In our opinion the aforesaid financial statements comply with the Ind AS specifiedunder Section 133 of the Act read with Companies (Indian Accounting Standards) relevantRules 2015 as amended thereof;

e) On the basis of the written representations received from the directors as on March31 2021 and taken on record by the Board of Directors none of the directors isdisqualified as on March 31 2021 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". Our report expresses an unmodified opinion onthe adequacy and operating effectiveness of the Company’s internal financial controlsover financial 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 opinionand to the best of our information and according to the explanations given to us theremuneration paid by the Company to its directors during the year is in accordance withthe provisions of section 197 of the Act; and

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 as amended inour opinion and to the best of our information and according to the explanations given tous:

i. The Company has disclosed the impact of pending litigations as at March 31 2021 onits financial position in its financial statements Refer Note 37 to the financialstatements;

ii. The Company has made provisions as required under the applicable law or accountingstandards for material foreseeable losses if any on long term contracts includingderivatives contracts; and

iii. There has been no delay in transferring amounts required to be transferred to theInvestor Education and Protection Fund by the Company during the year ended March 312021.

For NSBP & Co.

Chartered Accountants

Firm’s Registration No. 001075N

Deepak K. Aggarwal

Partner

(Membership No. 095541)

UDIN-21095541AAAEE8540

Place: New Delhi

Date: May 12 2021

"ANNEXURE A" TO THE INDEPENDENT AUDITOR’S REPORT

To the Members of Khaitan Chemicals and Fertilizers Limited on its financial statementsdated May 12 2021

Report on the matters specified in paragraph 3 of the Companies (Auditor’s Report)Order 2016 ('the Order’) issued by the Central Government of India in terms ofsection 143(11) of the Companies Act 2013 ("the Act") as referred to inparagraph 1 of ‘Report on Other Legal and Regulatory Requirements’ section

I. (a) The Company has maintained proper records showing full particulars includingquantitative details and situation of fixed assets.

(b) The fixed assets have been physically verified by the management according to theprogramme of periodical verification in phased manner which in our opinion is reasonablehaving regard to the size of the company and the nature of its fixed assets. Thediscrepancies if any noticed on such physical verification have been properly dealt within the books of accounts.

(c) According to the information and explanation given to us and on the basis of ourexamination of the records of the Company the title deeds of immovable properties asdisclosed in the note 4 on Property plant and equipment to the financial statements areheld in the name of the company except in the following cases where title deeds/leaseagreement are not held in the name of the Company {Refer sub clause (b) & (c) of Note4}

Nature of Immovable Properties No. of Properties Gross Carrying Value (Rs. In Lakhs) Net Carrying Valuc(Rs. In Lakhs)
Freehold Land 2 57.47 57.47
leasehold Land 1 2486 15.38
Total 3 82.33 72.85

ii. The inventory of the Company has been physically verified by the management duringthe year (except for stock of Rock Phosphate Sulphur and Single Super phosphate forwhich stock is taken on estimation basis and for the stock in transit and stock lying withoutside parties). In our opinion the frequency of verification is reasonable thediscrepancies noticed on physical verification of the inventory as compared to bookrecords were not material.

iii. The Company has not granted any loans secured or unsecured to companies firmsLimited Liability partnerships or other parties covered in the register maintained undersection 189 of the Act. Thus the paragraph 3(iii)(a) to (c) of the Order is notapplicable to the Company.

iv. As per the information and explanation given to us and on the basis of ourexamination of the records the company has complied with provision of section 185 and 186of the Act with respect to the loans and investment made.

v. In our opinion and according to the information and explanations given to us theCompany has not accepted any deposits from the public and consequently the directivesissued by the Reserve Bank of India and the provisions of sections 73 to 76 or any otherrelevant provisions of the Companies Act and the rules framed there under are notapplicable to the Company.

vi. We have broadly reviewed the books of accounts maintained in pursuance to subsection (1) of Section 148 of the Act in respect of single super phosphate fertilizerssulphuric acid and refined vegetable oil manufactured by the Company and are of theopinion that prima facie the prescribed records and accounts have been made andmaintained. We have however not made a detailed examination of the cost records with aview to determine whether they are accurate or complete.

vii. (a) According to the records of the Company examined by us and the information andexplanations given to us the Company is generally regular in depositing its undisputedstatutory dues including provident fund employees’ state insurance income-taxsales-tax service tax goods and service tax duty of customs duty of excise valueadded tax cess and any other material statutory dues as applicable with the appropriateauthorities. Further there were no undisputed amounts outstanding at the year-end for aperiod of more than six months from the date they became payable.

(b) According to the information and explanations given to us and the records of theCompany examined by us there are no dues of duty of excise service tax and goods andservice tax which have not been deposited on account of any dispute except the followingdues of income tax sales-tax duty of customs value added tax and cess along with theforum where the dispute is pending as follows:

Name of the Statute Nature of dues Amount (Rs.) Amount paid under protest (in Rs lacs) Amount outstanding (in Rs. lacs) Period to which the amount relates Forum where the dispute is pending
Mines and Minerals (Development and Regulation) Act1957 Royalty on rock phosphate 158.36 39.59 118.77 2004-05 Honourable Supreme Court Delhi
Commercial Tax Act 1994 Purchase Tax 64.20 63.38 0.82 2004-05 High Court of Madhya Pradesh Jabalpur
UP Trade Tax 1948 Trade Tax 1.53 0.53 1.00 2006-07 The Deputy Commissioner Commercial Tax Jhansi
Custom Act 1962 Custom Duty 185.47 18.54 166.93 2004-05 to 2008-09 Commissioner Appeal Mumbai
Central Sales Tax1956 Sales Tax 13.80 - 13.80 2017-18 Corporate Circle Jhansi
U.P. Sales Tax Sales Tax 4.97 - 4.97 2016-17 Joint Commissioner Jhansi
Central Sales Tax1956 Sales Tax 0.25 - 0.25 2016-17 Corporate Circle Jhansi
U.P. Sales Tax SalesTax 19.18 - 19.18 2017-18 Joint Commissioner Jhansi
The Gujarat Value Added Tax Act 2003 Sales Tax 21.18 1.34 19.84 2016-17 Department of Commercial Tax Gujrat
The Gujarat Value Added Tax Act 2003 Sales Tax 56.84 5.94 50.90 2017-18 Department of Commercial Tax Gujrat
Income Tax Act 1962 Income Tax 1.16 - 1.16 2009-10 CIT (Appeal)- New Delhi
Goods and Service Tax Act GST 1.72 1.72 - 2020-21 GST Office - Indore
Goods and Service Tax Act GST 0.64 0.64 - 2019-20 GST Office - Jhansi
Goods and Service Tax Act GST 0.40 0.40 - 2020-21 GST Office - Fathehpur (UP)
Income Tax Act 1962 Income Tax 84.89 16.98 67.91 2011-12 CIT (Appeal)- New Delhi
Income Tax Act 1962 Income Tax 22.77 - 22.77 2016-17 CIT (Appeal)- New Delhi
Income Tax Act 1962 Income Tax 21.23 - 21.23 For various Year TDS- CPC
U.P. Sales Tax Sales Tax 2.66 - 2.66 2011-12 DY. Commissioner Jhansi
U.P. Sales Tax Sales Tax 2.57 - 2.57 2012-13 DY. Commissioner Jhansi
U.P. Central Sales Tax 1956 Sales Tax 0.69 - 0.69 2013-14 DY. Commissioner Jhansi
U.P. Entry Tax 2007 Entry Tax 0.11 - 0.11 2013-14 DY. Commissioner Jhansi

viii. According to the information and explanations given to us and as per the booksand records examined by us in our opinion the company has not defaulted in repayment ofloans or borrowings to a financial institution and banks. The Company has not taken anyloans from debenture holders and Government.

ix. In our opinion and on the basis of information and explanations given to us thecompany has not raised any monies by way of initial public offer or further public offer(including debt instruments) during the financial year and the term loan raised by theCompany have been applied for the purpose for which they were obtained. Where such end usehas been stipulated by the lender(s).

x. During the course of our examination of the books and records of the Company carriedout in accordance with the generally accepted auditing practices in India we have neithercome across any instance of fraud on or by the Company or any fraud on the Company by itsofficers or employees has been noticed or reported during the year nor have we beeninformed of such case by the management.

xi. According to the information and explanations given to us and based on ourexamination of the records of the Company the Company has paid/provided for managerialremuneration in accordance with the requisite approvals mandated by the provisions ofsection 197 read with Schedule V of the Act.

xii. The company is not a Nidhi company hence the related reporting requirement of theOrder are not applicable.

xiii. According to the information and explanations given to us and based on ourexamination of the records of the Company transactions with the related parties are incompliance with sections 177 and 188 of the Act where applicable and details of suchtransactions have been disclosed in the financial statements as required by applicableaccounting standards.

xiv. As the Company has not made any preferential allotment and private placement ofshares or fully & partly convertible debentures during the year under review andhence reporting requirements under clause 3 (xiv) of the Order is not applicable to theCompany and not commented upon.

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.

xvi. According to the information and explanations given to us the provisions ofsection 45-IA of the Reserve Bank of India Act 1934 are not applicable to the Company.

For NSBP & Co.

Chartered Accountants

Firm’s Registration No. 001075N

Deepak K. Aggarwal

Partner

Membership No: 095541

UDIN-21095541AAAEE8540

Place: New Delhi

Date: May 12 2021

"ANNEXURE B" TO THE INDEPENDENT AUDITOR'S REPORT

Annexure B to the Independent Auditor’s Report to the Members of Khaitan Chemicalsand Fertilizers Limited (‘the Company’) on its financial statements dated May12 2021.

Report on the Internal Financial Controls Over Financial Reporting under Clause (i) ofSub-section 3 of Section 143 of the Companies Act 2013 ("the Act") as referredto in paragraph 1(f) of ‘Report on Other Legal and Regulatory Requirements’section

We have audited the internal financial controls over financial reporting of KhaitanChemicals and Fertilizers Limited ("the Company") as of March 31 2021 inconjunction with our audit of the Ind AS financial statements of the Company for the yearended on that date.

Management’s Responsibility for Internal Financial Controls

The Management and Board of Directors of the Company is responsible for establishingand maintaining internal financial controls based on the internal control over financialreporting criteria established by the Company considering the essential components ofinternal control stated in the Guidance Note on Audit of Internal Financial Controls OverFinancial Reporting issued by the Institute of Chartered Accountants of India". Theseresponsibilities include the design implementation and maintenance of adequate internalfinancial controls that were operating effectively for ensuring the orderly and efficientconduct of its business including adherence to the 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 Act.

Auditor’s Responsibility

Our responsibility is to express an opinion on the Company’s internal financialcontrols over financial reporting of the Company based on our audit.

We conducted our audit in accordance with the Guidance Note on Audit of InternalFinancial Controls Over Financial Reporting (the "Guidance Note") and theStandards on Auditing prescribed under section 143(10) of the Act 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 included obtaining anunderstanding of internal financial controls over financial reporting assessing the riskthat a material weakness exists and testing and evaluating the design and operatingeffectiveness of internal control based on the assessed risk. The procedures selecteddepend on the auditor’s judgement including the assessment of the risks of materialmisstatement 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 controlssystem over financial reporting.

Meaning of Internal Financial Controls over Financial Reporting

A Companys’ internal financial control over financial reporting is a processdesigned to provide reasonable assurance regarding the reliability of financial reportingand the preparation of financial statements for external purposes in accordance withgenerally accepted accounting principles. A Companys’ internal financial control overfinancial reporting includes those policies and procedures that:

a) pertain to the maintenance of records that in reasonable detail accurately andfairly reflect the transactions and dispositions of the assets of the company;

b) 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

c) provide reasonable assurance regarding prevention or timely detection ofunauthorized acquisition use or disposition of the company’s assets that could havea 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 to the best of our information and according to the explanations givento us the Company has in all material respects an adequate internal controls systemover financial reporting and such internal controls over financial reporting wereoperating effectively as at March 31 2021 based on "the criteria for internalfinancial control over financial reporting established by the Company considering theessential components of internal control stated in the Guidance Note on Audit of InternalFinancial Controls Over Financial Reporting issued by the Institute of CharteredAccountants of India".

For NSBP & Co.

Chartered Accountants

Firm Registration No. 001075N

Deepak K. Aggarwal

Partner

Membership No: 095541

UDIN-21095541AAAEE8540

Place: New Delhi

Date: May 12 2021

.