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Lactose (India) Ltd.

BSE: 524202 Sector: Health care
NSE: N.A. ISIN Code: INE058I01013
BSE 13:45 | 02 Feb 48.60 0.20
(0.41%)
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47.60

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50.80

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NSE 05:30 | 01 Jan Lactose (India) Ltd
OPEN 47.60
PREVIOUS CLOSE 48.40
VOLUME 3129
52-Week high 96.35
52-Week low 44.55
P/E 20.68
Mkt Cap.(Rs cr) 61
Buy Price 48.55
Buy Qty 10.00
Sell Price 48.60
Sell Qty 15.00
OPEN 47.60
CLOSE 48.40
VOLUME 3129
52-Week high 96.35
52-Week low 44.55
P/E 20.68
Mkt Cap.(Rs cr) 61
Buy Price 48.55
Buy Qty 10.00
Sell Price 48.60
Sell Qty 15.00

Lactose (India) Ltd. (LACTOSEINDIA) - Auditors Report

Company auditors report

To the Members of Lactose India Limited

Report on the Audit of the Financial Statements

Opinion

We have audited the accompanying financial statements of Lactose IndiaLimited ("the Company") which comprises the balance sheet as at 31st March2022 and the statement of Profit and Loss (Including Other Comprehensive Income)statement of cash flows and statement of changes in equity for the year then ended andnotes to the financial statements including a summary of significant accounting policiesand other explanatory information.

In our opinion and to the best of our information and according to theexplanations given to us the aforesaid financial statements give the information requiredby the Companies Act 2013 (the ‘Act) in the manner so required and give a true andfair view in conformity with the accounting principles generally accepted in Indiaincluding Indian Accounting Standards (‘Ind AS) specified under Section 133 of theAct of the state of affairs of the Company as at March 312022 and its profit and othercomprehensive income its cash flows and changes in equity for the year ended on thatdate.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing(SAs) specified under section 143(10) ofthe Companies Act 2013. Our responsibilitiesunder those Standards are further described in the Auditor's Responsibilities for theAudit of the Financial Statements section of our report. We are independent of the Companyin accordance 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 Act and the Rules thereunder and we havefulfilled our other ethical responsibilities in accordance with these requirements and theCode of Ethics. We believe that the audit evidence we have obtained is sufficient andappropriate to provide a basis for our opinion.

Key Audit Matters

Key audit matters are those matters that in our professional judgmentwere of most significance in our audit of the financial statements of the current period.These matters were addressed in the context of our audit of the financial statements as awhole and in forming our opinion thereon and we do not provide a separate opinion onthese matters. We have determined that there are no key audit matters to be communicatedin our report.

Other Information

The Company's management and Board of Directors is responsible for theother information. The other information comprises the information included in theCompany's Annual report but does not include the financial statements and our auditor'sreport thereon.

Our opinion on the financial statements does not cover the otherinformation and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements ourresponsibility is to read the other information and in doing so consider whether theother information is materially inconsistent with the financial statements or ourknowledge obtained during the course of our audit or otherwise appears to be materiallymisstated. 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 the Financial Statements

The Company's management and Board of Directors are responsible for thematters stated in section 134(5) of the Companies Act 2013 ("the Act") withrespect to the preparation of these financial statements that give a true and fair view ofthe financial position financial performance including other comprehensive incomechanges in equity and cash flows of the company in accordance with the accountingprinciples generally accepted in India including the Indian Accounting Standards (Ind AS)specified under section 133 of the Act read with Companies (Indian Accounting Standard)Rules 2015 as amended. 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 theaccuracy and completeness of the accounting records relevant to the preparation andpresentation of the financial statements that give a true and fair view and are free frommaterial misstatement whether due to fraud or error.

In preparing the financial statements management is responsible forassessing the Company's ability to continue as a going concern disclosing as applicablematters related to going concern and using the going concern basis of accounting unlessmanagement either intends to liquidate the Company or to cease operations or has norealistic alternative but to do so.

The Board of Directors is also responsible for overseeing the Company'sfinancial reporting process.

Auditor's Responsibilities for the Audit of the FinancialStatements

1. Our objectives are to obtain reasonable assurance about whether thefinancial 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 Standards on Auditing will always detect a material misstatement when it exists.Misstatements can arise from fraud or error and are considered material if individuallyor in the aggregate they could reasonably be expected to influence the economic decisionsof users taken on the basis of these financial statements.

2. As part of an audit in accordance with Standards on Auditing weexercise professional judgment and maintain professional skepticism throughout the audit.We also :

• Identify and assess the risks of material misstatement of thefinancial 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 theaudit in order to design audit procedures that are appropriate in the circumstances. Undersection 143(3)(i) of the Companies Act 2013 we are also responsible for expressing ouropinion on whether the company has adequate internal financial controls system in placeand the operating effectiveness of such controls.

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

• Conclude on the appropriateness of management's use of the goingconcern basis of accounting and based on the audit evidence obtained whether a materialuncertainty exists 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 the Companyto cease to continue as a going concern.

• Evaluate the overall presentation structure and content of thefinancial statements including the disclosures and whether the financial statementsrepresent the underlying transactions and events in a manner that achieves fairpresentation.

3. We communicate with those charged with governance regarding amongother matters the planned scope and timing of the audit and significant audit findingsincluding any significant deficiencies in internal control that we identify during ouraudit.

4. We also provide those charged with governance with a statement thatwe have complied with relevant ethical requirements regarding independence and tocommunicate with them all relationships and other matters that may reasonably be thoughtto bear on our independence and where applicable related safeguards.

5. From the matters communicated with those charged with governance wedetermine those matters that were of most significance in the audit of the financialstatements for the financial year ended 31st March 2021 and are therefore thekey audit matters. We describe these matters in our auditor's report unless law orregulation precludes public disclosure about the matter or when in extremely rarecircumstances we determine that a matter should not be communicated in our report becausethe adverse consequences of doing so would reasonably be expected to outweigh the publicinterest benefits of such communication.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order 2020("the Order") issued by the Central Government of India in terms of Section 143(11) of the Companies Act 2013 we give in the Annexure A a statement on the mattersspecified in paragraphs 3 and 4 of the Order.

2. As required by Section 197(16) of the Act based on our audit wereport that the Company has paid remuneration to its directors during the year inaccordance with the provisions of and limits laid down under Section 197 read withSchedule V to the Act

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

a) We have sought and obtained all the information and explanationswhich to the best of our knowledge and belief were necessary for the purposes of ouraudit.

b) In our opinion proper books of account as required by law have beenkept by the Company so far as it appears from our examination of those books.

c) The Balance Sheet the Statement of Profit & Loss including thestatement of other comprehensive income the statement of changes in Equity and theStatement of Cash Flows dealt with by this Report are in agreement with the books ofaccount.

d) In our opinion the aforesaid financial statements comply with theIndian Accounting Standards prescribed under Section 133 of the Act read with relevantrules issued thereunder.

e) On the basis of the written representations received from thedirectors as on 31st March 2022 taken on record by the Board of Directors none of thedirectors is disqualified as on 31st March 2022 from being appointed as a director interms of Section 164 (2) of the Act.

f) With respect to the adequacy of the internal financial controls withreference to financial statement of the Company and the operating effectiveness of suchcontrols refer to our separate Report in "Annexure B".

g) With respect to the other matters to be included in the Auditor'sReport in accordance with Rule 11 of the Companies (Audit and Auditors) Rules 2014 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 litigation on itsfinancial position in its financial statements (refer note no 31 of the FinancialStatements)

ii. The Company did not have any long-term contracts includingderivative contracts for which there were any material foreseeable losses.

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

iv. (a) The Management has represented that to the best of itsknowledge and belief no funds (which are material either individually or in theaggregate) have been advanced or loaned or invested (either from borrowed funds or sharepremium or any other sources or kind of funds) by the Company to or in any other person orentity including foreign entity ("Intermediaries") with the understandingwhether recorded in writing or otherwise that the Intermediary shall whether directlyor indirectly lend or invest in other persons or entities identified in any mannerwhatsoever by or on behalf of the Company ("Ultimate Beneficiaries") or provideany guarantee security or the like on behalf of the Ultimate Beneficiaries;

(b) The Management has represented that to the best of its knowledgeand belief no funds (which are material either individually or in the aggregate) havebeen received by the Company from any person or entity including foreign entity("Funding Parties") with the understanding whether recorded in writing orotherwise that the Company shall whether directly or indirectly lend or invest inother persons or entities identified in any manner whatsoever by or on behalf of theFunding Party ("Ultimate Beneficiaries") or provide any guarantee security orthe like on behalf of the Ultimate Beneficiaries;

(c) Based on the audit procedures that have been considered reasonableand appropriate in the circumstances nothing has come to our notice that has caused us tobelieve that the representations under sub-clause (i) and (ii) of Rule 11(e) as providedunder (a) and (b) above contain any material misstatement.

v. During the year the company has not declared any dividend

For C A S & Co

Chartered Accountants
FRN. 111075W

Sd/-

Sajjan Kanodia

Partner
Mem.No.048047
UDIN No:- 22048047AJDPEM5079
Place: Mumbai
Date: 17th May 2022

Annexure "A" to Independent Auditor's Report

To the Independent Auditor's Report of even date on the FinancialStatements of Lactose India Limited for the year ended 31st March 2022

(Referred to in paragraph 1 under Report on Other Legal &Regulatory Requirements in the Independent Auditor's Report)

(i) a) A The company has maintained proper records showing fullparticulars including quantitative details and situation of Property Plant and equipment.

B The Company has maintained proper records showing full particulars ofintangible assets.

b) As explained to us the Property Plant and Equipment have beenphysically verified by the management in accordance with a phased programme ofverification which in our opinion is reasonable considering the size of the company andthe nature of its assets. There are no material discrepancies which have been noticed onsuch physical verification.

c) According to the information and explanations given to us and on thebasis of our examination of the records of the Company the title deeds of immovableproperties (other than properties where the company is the lessee and the lease agreementsare duly executed in favour of the lessee) as disclosed in the financial statements areheld in the name of the Company.

d) According to the information and explanations given to us theCompany has not revalued its property plant and Equipment (including Right of Use assets)and its intangible assets. Accordingly the requirements under paragraph 3(i)(d) of theOrder are not applicable to the Company.

e) According to the information and explanations given to us noproceeding has been initiated or pending against the Company for holding benami propertyunder the Benami Transactions (Prohibition) Act 1988 and rules made thereunder.Accordingly the provisions stated in paragraph 3(i) (e) of the Order are not applicableto the Company.

(ii) a) The inventory has been physically verified at reasonableinterval by the management.

In our opinion the coverage & procedure of such verification isappropriate. No material discrepancies were noticed on such verification.

b) According to the information and explanations provided to us theCompany has not been sanctioned any working capital limits from banks/ financialinstitution. Accordingly the requirements under paragraph 3(ii)(b) of the Order is notapplicable to the Company.

(iii) According to the information explanation provided to us theCompany has not made any investments in provided any guarantee or security or granted anyloans or advances in the nature of loans secured or unsecured to companies firmsLimited Liability Partnerships or any other parties. Hence the requirements underparagraph 3(iii) of the Order are not applicable to the Company.

(iv) In our opinion and according to the information and explanationsgiven to us the Company has not either directly or indirectly granted any loan to any ofits directors or to any other person in whom the director is interested in accordancewith the provisions of section 185 of the Act and the Company has not made investmentsthrough more than two layers of investment companies in accordance with the provisions ofsection 186 of the Act. Accordingly provisions stated in paragraph 3(iv) of the Order arenot applicable to the Company.

(v) In our opinion and according to the information and explanationsgiven to us the Company has not accepted any deposits from the public within the meaningof Sections 73 74 75 and 76 of the Act and the rules framed there under.

(vi) The provisions of sub-section (1) of section 148 of the Act arenot applicable to the Company as the Central Government of India has not specified themaintenance of cost records for any of the products of the Company. Accordingly theprovisions stated in paragraph 3 (vi) of the Order are not applicable to the Company.

(vii) a) According to the information and explanations given to us andthe records of the Company examined by us in our opinion undisputed statutory duesincluding goods and service tax provident fund employees' state insurance income-taxsales-tax service tax duty of customs duty of excise value added tax cess have beenregularly deposited by the company with appropriate authorities in all cases during theyear.

b) According to the information and explanation given to us andexamination of records of the Company the outstanding dues of income-tax goods andservice tax customs duty cess and any other statutory dues on account of any disputeare as follows:

Name of the Statue Nature of the dues Amount involved (Rs in lakhs) Amount paid (Rs in lakhs) Period to which amount relates Forum where dispute is pending.
Income Tax Act 1961 Income Tax 20.23 3.03 A.Y.2013- 14 The Commissioner of Income Tax Appeal (Mumbai)
Central Excise Act 1944 Excise Duty 102.82 4.84 October 2014 to June 2017 Appeal to the appellate Tribunal in the Customs Excise & Service Tax Appellate Tribunal
Service Tax Service Tax 79.06 3.76 April 14 to March 15 Appeal to the appellate Tribunal in the Customs Excise & Service Tax Appellate Tribunal

(viii) According to the information and explanations given to us thereare no transactions which are not accounted in the books of account which have beensurrendered or disclosed as income during the year in Tax Assessment of the Company. Alsothere are no previously unrecorded income which has been now recorded in the books ofaccount. Hence the provision stated in paragraph 3(viii) of the order is not applicableto the company.

(ix) (a) In our opinion and according to the information andexplanations given to us the Company has not defaulted in repayment of loans orborrowings or in payment of interest thereon to any lender.

(b) According to the information and explanations given to us and onthe basis of our audit procedures we report that the company has not been declared wilfuldefaulter by any bank or financial institution or government or any government authority.

(c) In our opinion and according to the information explanationprovided to us money raised by way of term loans during the year have been applied forthe purpose for which they were raised.

(d) According to the information and explanations given to us and theprocedures performed by us and on an overall examination of the financial statements ofthe company we report that no funds raised on shortterm basis have been used forlong-term purposes by the company.

(e) Since the company is not having any Subsidiaries associate &joint venture the provision stated in paragraph 3(ix) (e) of the Order is not applicableto the Company.

(f) Since the company is not having any Subsidiaries associate &joint venture the provision stated in paragraph 3(ix) (f) of the Order is not applicableto the Company.

(x) (a) The Company did not raise any money by way of initial publicoffer or further public offer (including debt instruments) during the year. Accordinglythe provisions stated in paragraph 3 (x)(a) of the Order are not applicable to theCompany.

(b) According to the information and explanation given to us and basedon our examination of the records of the Company during the year the Company hasconverted balance 1152000 share warrants out of 2400000 share warrants issued inprevious year into Equity Shares. The Company has complied with the provision of section42 of the companies Act 2013 and amount raised has been utilized for the purpose forwhich the fund was raised.

(xi) (a) During the course of our audit examination of the books andrecords of the Company carried out in accordance with the generally accepted auditingpractices in India and according to the information and explanations given to us we haveneither come across any instance of material fraud by the Company or on the Company.

(b) We have not come across of any instance of material fraud by theCompany or on the Company during the course of audit of the financial statement for theyear ended March 31 2022 accordingly the provisions stated in paragraph (xi)(b) of theOrder is not applicable to the Company.

(c) As represented to us by the management there are no whistle-blowercomplaints received by the Company during the course of audit. Accordingly the provisionsstated in paragraph (xi)(c) of the Order is not applicable to company.

(xii) In our opinion and according to the information and explanationsgiven to us the Company is not a Nidhi Company. Accordingly the provisions stated inparagraph 3(xii) (a) to (c) of the Order are not applicable to the Company.

(xiii) According to the information and explanations given to us andbased on our examination of the records of the Company transactions with the relatedparties are in compliance with sections 177 and 188 of the Act where applicable anddetails of such transactions have been disclosed in the financial statements as requiredby the applicable accounting standards.

(xiv) (a) In our opinion and based on our examination the Company hasan internal audit system commensurate with the size and nature of its business.

(b) We have considered internal audit reports issued by internalauditors during our audit.

(xv) According to the information and explanations given to us in ouropinion during the year the Company has not entered into non-cash transactions withdirectors or persons connected with its directors and hence provisions of section 192 ofthe Act are not applicable to company. Accordingly the provisions stated in paragraph3(xv) of the Order are not applicable to the Company.

(xvi) (a) In our opinion the Company is not required to be registeredunder section 45 IA of the Reserve Bank of India Act 1934 and accordingly the provisionsstated in paragraph clause 3 (xvi)(a) of the Order are not applicable to the Company.

(b) In our opinion the Company has not conducted any Non-BankingFinancial or Housing Finance activities without any valid Certificate of Registration fromReserve Bank of India. Hence the reporting under paragraph clause 3 (xvi)(b) of the Orderare not applicable to the Company.

(c) The Company is not a Core investment Company (CIC) as defined inthe regulations made by Reserve Bank of India. Hence the reporting under paragraph clause3 (xvi)(c) (d) of the Order are not applicable to the Company.

(xvii) According to the information explanation provided to us theCompany has not incurred cash losses in the current financial year and in the immediatelypreceding financial year. Hence the provisions stated in paragraph clause 3 (xvii) of theOrder are not applicable to the Company.

(xviii) There has been no resignation of the statutory auditors duringthe year. Hence the provisions stated in paragraph clause 3 (xviii) of the Order are notapplicable to the Company.

(xix) According to the information and explanations given to us and onthe basis of the financial ratios ageing and expected dates of realization of financialassets and payment of financial liabilities other information accompanying the financialstatements our knowledge of the Board of Directors and management plans and based on ourexamination of the evidence supporting the assumptions nothing has come to our attentionwhich causes us to believe that any material uncertainty exists as on the date of theaudit report that company is not capable of meeting its liabilities existing at the dateof balance sheet as and when they fall due within a period of one year from the balancesheet date. We however state that this is not an assurance as to the future viability ofthe company. We further state that our reporting is based on the facts up to the date ofthe audit report and we neither give any guarantee nor any assurance that all liabilitiesfalling due within a period of one year from the balance sheet date will get dischargedby the company as and when they fall due.

(xx) According to the information and explanations given to us theprovisions of section 135 of the Act are not applicable to the Company. Hence theprovisions of paragraph (xx) (a) to (b) of the Order are not applicable to the Company.

(xxi) According to the information and explanations given to us theCompany does not have any subsidiary / Associate/ Joint Venture. Accordingly there is nopreparation of consolidated financial statements. Accordingly the provisions stated inparagraph clause 3 (xxi) of the Order are not applicable to the Company.

For C A S & Co

Chartered Accountants
FRN. 111075W

Sd/-

Sajjan Kanodia

Partner
Mem.No.048047
UDIN No:- 22048047AJDPEM5079
Place: Mumbai.
Date: 17th May 2022

Annexure "B" to Independent Auditor's Report

To the Independent Auditor's Report of even date on the FinancialStatements of Lactose India Limited

Report on the Internal Financial Controls under Clause (i) ofSub-section 3 of Section 143 of the Companies Act 2013 ("the Act")

We have audited the internal financial controls with reference to thefinancial statement of Lactose India Limited ("the Company") as of March 312022in conjunction with our audit of the financial statements of the Company for the yearended on that date.

Management's Responsibility for Internal Financial Controls

The Company's Management is responsible for establishing andmaintaining 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 (the "Guidance Note") issued by the Institute of CharteredAccountants of India. These responsibilities include the design implementation andmaintenance of adequate internal financial controls that were operating effectively forensuring the orderly and efficient conduct of its business including adherence to theCompany's policies the safeguarding of its assets the prevention and detection of fraudsand errors the accuracy and completeness of the accounting records and the timelypreparation of reliable financial information as required under the Act.

Auditors' Responsibility

Our responsibility is to express an opinion on the Company's internalfinancial controls over financial reporting with reference to these Financial Statementsbased on our audit. We conducted our audit in accordance with the Guidance Note and theStandards on Auditing as specified under Section 143(10) of the Act to the extentapplicable to an audit of internal financial controls and both issued by the Institute ofChartered Accountants of India. Those Standards and the Guidance Note require that wecomply with ethical requirements and plan and perform the audit to obtain reasonableassurance about whether adequate internal financial controls over financial reporting withreference to these Financial Statements was established and maintained and if suchcontrols operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence aboutthe adequacy of the internal financial controls over financial reporting with reference tothese Financial Statements and their operating effectiveness. Our audit of internalfinancial controls over financial reporting included obtaining an understanding ofinternal financial controls over financial reporting with reference to these FinancialStatements assessing the risk that a material weakness exists and testing and evaluatingthe design and operating effectiveness of internal control based on the assessed risk. Theprocedures selected depend on the auditors' judgement including the assessment of therisks of material misstatement of the financial statements whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient andappropriate to provide a basis for our audit opinion on the internal financial controlsover financial reporting with reference to these Financial Statements

Meaning of Internal Financial Controls over Financial Reporting withReference to these Financial Statements

A company's internal financial control over financial reporting withreference to these Financial Statements is a process designed to provide reasonableassurance regarding the reliability of financial reporting and the preparation offinancial statements for external purposes in accordance with generally acceptedaccounting principles. A company's internal financial control over financial reportingwith reference to these Financial Statements 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) providereasonable assurance that transactions are recorded as necessary to permit preparation offinancial statements in accordance with generally accepted accounting principles and thatreceipts and expenditures of the company are being made only in accordance withauthorizations of management and directors of the company; and (3) provide reasonableassurance regarding prevention or timely detection of unauthorized acquisition use ordisposition of the Company's assets that could have a material effect on the financialstatements

Inherent Limitations of Internal Financial Controls over FinancialReporting with reference to these Financial Statements

Because of the inherent limitations of internal financial controls overfinancial reporting with reference to these Financial Statements including thepossibility of collusion or improper management override of controls materialmisstatements due to error or fraud may occur and not be detected. Also projections ofany evaluation of the internal financial controls over financial reporting with referenceto these Financial Statements to future periods are subject to the risk that the internalfinancial control over financial reporting with reference to these Financial Statementsmay become inadequate because of changes in conditions or that the degree of compliancewith the policies or procedures may deteriorate.

Opinion

In our opinion the Company has in all material respects adequateinternal financial controls over financial reporting with reference to these FinancialStatements and such internal financial controls over financial reporting with reference tothese Financial Statements were operating effectively as at March 31 2022 based on theinternal control over financial reporting criteria established by the Company consideringthe essential components of internal control stated in the Guidance Note on Audit ofInternal Financial Controls Over Financial Reporting issued by the Institute of CharteredAccountants of India

For C A S & Co

Chartered Accountants
FRN. 111075W

Sd/-

Sajjan Kanodia

Partner
Mem.No.048047
Place: Mumbai UDIN No:- 22048047AJDPEM5079
Date: 17th May 2022

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