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Machino Plastics Ltd.

BSE: 523248 Sector: Industrials
NSE: N.A. ISIN Code: INE082B01018
BSE 00:00 | 02 Dec 122.40 -0.10
(-0.08%)
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122.40

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122.50

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NSE 05:30 | 01 Jan Machino Plastics Ltd
OPEN 122.40
PREVIOUS CLOSE 122.50
VOLUME 30
52-Week high 140.95
52-Week low 90.05
P/E 59.13
Mkt Cap.(Rs cr) 75
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 122.40
CLOSE 122.50
VOLUME 30
52-Week high 140.95
52-Week low 90.05
P/E 59.13
Mkt Cap.(Rs cr) 75
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Machino Plastics Ltd. (MACHINOPLASTICS) - Auditors Report

Company auditors report

TO THE MEMBERS OF MACHINO PLASTICS LIMITED Report on the Audit of the Ind AS FinancialStatements

We have audited the accompanying Ind AS financial statements of Machino PlasticsLimited ("the Company") which comprise the Balance Sheet as at March312022 the Statement of Profit and Loss (including Other Comprehensive Income) theStatement of Changes in Equity and the Statement of Cash Flows for the year ended on thatdate and notes to the financial statements including a summary of the significantaccounting policies and other explanatory information.

In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid Ind AS financial statements give the information required bythe Companies Act 2013 as amended ("the Act") in the manner so required andgive a true and fair view in conformity with the accounting principles generally acceptedin India of the state of affairs of the Company as at March 31 2022 the loss and othercomprehensive income changes in equity and its cash flows for the year ended on thatdate.

Basis for Opinion

We conducted our audit of the Ind AS financial statements in accordance with theStandards on Auditing specified under section 143(10) of the Act (SAs). Ourresponsibilities under those Standards are further described in the "Auditor'sResponsibilities for the Audit of the Ind AS Financial Statements" sectionof our report. We are independent of the Company in accordance with the Code of Ethicsissued by the Institute of Chartered Accountants of India (ICAI) together with the ethicalrequirements that are relevant to our audit of the financial statements under theprovisions of the Act and the Rules made thereunder and we have fulfilled our otherethical responsibilities in accordance with these requirements and the ICAI's Code ofEthics. We believe that the audit evidence we have obtained is sufficient and appropriateto provide a basis for our audit opinion on the Ind AS financial statements.

Key Audit Matters

Key audit matters are those matters that in our professional judgment were of mostsignificance in our audit of the Ind AS financial statements for the financial statementsfor the financial year ended March 312022. These matters were addressed in the context ofour audit of the Ind AS financial statements as a whole and in forming our opinionthereon and we do not provide a separate opinion on these matters. For each matter belowour description of how our audit addressed the matter is provided in that context.

We have determined the matters described below to be the key audit matters to becommunicated in our report. We have fulfilled the responsibilities described in theAuditors responsibilities for the audit of the Ind AS financial statements section of ourreport including in relation to these matters. Accordingly our audit included theperformance of procedures designed to respond to our assessment of the risks of materialmisstatement of the Ind As financial statements. The results of the audit proceduresincluding the procedures performed to address the matters below provide the basis for ouraudit opinion on the accompanying Ind AS financial statements.

Key Audit Matter Auditor's Response
Contingent Liabilities (as described in note 31 of the Ind AS financial statements) Our audit procedures included the following:
As of March 312022 the Company has disclosed contingent liabilities of ?559.54 lakhs relating to tax claims. • Gained an understanding of the process of identification of claims and contingent liabilities and evaluated the design and tested the operating effectiveness of key controls.
Taxation exposures have been identified as a key audit matter due to the uncertainties involved in these tax claims. • Obtained the Company's cases summary and critically assessed management's position through discussions with the Tax head and company management on both the probability of success in significant cases and the magnitude of potential loss.
Due to uncertainty of cases timescales for resolution and need to negotiate with various authorities there is significant judgment required by management in assessing the exposure of each case and thus a risk that such cases may not be adequately provided for or disclosed in the Ind AS financial statements. • Checked the adequacy of the disclosures with regard to facts and circumstances of the matters.
Accordingly contingent liabilities were determined to be a key audit matter in our audit of the Ind AS financial statements.

Other Information

The Company's Board of Directors is responsible for the preparation of the otherinformation. The other information comprises the information included in the Company'sAnnual Report but does not include the Ind AS financial statements and our auditor'sreport thereon. The Company's Annual Report is expected to be made available to us afterthe date of this auditor's report.

Our opinion on the Ind AS financial statements does not cover the other information andwe do not express any form of assurance conclusion thereon.

In connection with our audit of the Ind AS financial statements our responsibility isto read the other information identified above when it becomes available and in doing soconsider whether the other information is materially inconsistent with the Ind ASfinancial statements or our knowledge obtained during the course of our audit or otherwiseappears to be materially misstated. When we read the Company's Annual Report if weconclude that there is a material misstatement therein we are required to report thatfact. We have nothing to report in this regard.

Management's Responsibility for the Ind AS 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 Ind AS financial statementsthat give a true and fair view of the financial position financial performance totalcomprehensive income changes in equity and cash flows of the Company in accordance withthe accounting 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. 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; and design implementation andmaintenance of adequate internal financial controls that were operating effectively forensuring the accuracy and completeness of the accounting records relevant to thepreparation and presentation of the Ind AS financial statements that give a true and fairview and are free from material misstatement whether due to fraud or error.

In preparing the Ind AS financial statements management is responsible for assessingthe Company's ability to continue as a going concern disclosing as applicable mattersrelated to going concern and using the going concern basis of accounting unless managementeither intends to liquidate the Company or to cease operations or has no realisticalternative but to do so.

The Board of Directors are responsible for overseeing the Company's financial reportingprocess.

Auditor's Responsibilities for the Audit of the Ind AS Financial Statements

Our objectives are to obtain reasonable assurance about whether the Ind AS financialstatements as a whole are free from material misstatement whether due to fraud or errorand to issue an auditor's report that includes our opinion. Reasonable assurance is a highlevel of assurance but is not a guarantee that an audit conducted in accordance with SAswill always detect a material misstatement when it exists. Misstatements can arise fromfraud or error and are considered material if individually or in the aggregate theycould reasonably be expected to influence the economic decisions of users taken on thebasis of these Ind AS 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 Ind AS financialstatements whether due to fraud or error design and perform audit procedures responsiveto those risks and obtain audit evidence that is sufficient and appropriate to provide abasis for our opinion. The risk of not detecting a material misstatement resulting fromfraud is higher than for one resulting from error as fraud may involve collusionforgery intentional omissions misrepresentations or the override of internal control.

• Obtain an understanding of internal financial controls relevant to the audit inorder to design audit procedures that are appropriate in the circumstances. Under section143(3)(i) of the Act we are also responsible for expressing our opinion on whether theCompany has adequate internal financial controls system in place and the operatingeffectiveness of such controls.

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

• Conclude on the appropriateness of management's use of the going concern basisof accounting and based on the audit evidence obtained whether a material uncertaintyexists related to events or conditions that may cast significant doubt on the Company'sability to continue as a going concern. If we conclude that a material uncertainty existswe are required to draw attention in our auditor's report to the related disclosures inthe Ind AS financial statements or if such disclosures are inadequate to modify ouropinion. Our conclusions are based on the audit evidence obtained up to the date of ourauditor's report. However future events or conditions may cause the Company to cease tocontinue as a going concern.

• Evaluate the overall presentation structure and content of the Ind AS financialstatements including the disclosures and whether the Ind AS financial statementsrepresent 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 Ind AS financial statements ofthe current period and are therefore the key audit matters. We describe these matters inour auditor's 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 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.

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 Changes in Equity and the Statement of Cash Flow dealt with by thisReport are in agreement with the relevant books of account.

d) In our opinion the aforesaid Ind AS financial statements comply with the Ind ASspecified under Section 133 of the Act read with Rule 7 of the Companies (Accounts)Rules 2014.

e) On the basis of the written representations received from the directors as on March312022 taken on record by the Board of Directors none of the directors is disqualifiedas on March 312022 from being appointed as a director in terms of Section 164 (2) of theAct.

f) With respect to the adequacy of the internal financial controls over financialreporting of the Company and the operating effectiveness of such controls refer to ourseparate Report in "Annexure A". Our report expresses an unmodified opinion onthe adequacy and operating effectiveness of the Company's internal financial controls overfinancial reporting.

g) With respect to the other matters to be included in the Auditor's Report inaccordance with the requirements of section 197(16) of the Act as amended:

In our opinion and to the best of our information and according to the explanationsgiven to us the remuneration paid by the Company to its directors during the year is inaccordance with the provisions of section 197 of the Act.

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 on its financialposition in its Ind AS financial statements. Refer Note 39 to the financial statements;

ii. The Company has made provision as required under the applicable law or accountingstandards for material foreseeable losses if any on long-term contracts includingderivative contracts.

iii. There has been no delay in transferring amounts required to be transferred tothe Investor Education and Protection Fund by the Company.

iv. a) The management has represented that to the best of its knowledge and beliefother than as disclosed

in the notes to the accounts no funds have been advanced or loaned or invested (eitherfrom borrowed funds or share premium or any other sources or kind of funds) by the companyto or in any other persons or entities including foreign entities("Intermediaries") with the understanding whether recorded in writing orotherwise that the Intermediary shall whether directly or indirectly lend or invest inother persons or entities identified in any manner whatsoever by or on behalf of thecompany ("Ultimate Beneficiaries") or provide any guarantee security or thelike on behalf of the Ultimate Beneficiaries;

b) The management has represented that to the best of its knowledge and belief otherthan as disclosed in the notes to the accounts no funds have been received by the companyfrom any persons or entities including foreign entities ("Funding Parties")with the understanding whether recorded in writing or otherwise that the company shallwhether directly or indirectly lend or invest in other persons or entities identified inany manner whatsoever by or on behalf of the Funding Party ("UltimateBeneficiaries") or provide any guarantee security or the like on behalf of theUltimate Beneficiaries; and

c) Based on such audit procedures that we have considered reasonable and appropriate inthe circumstances nothing has come to our notice that has caused us to believe that therepresentations under sub-clause (i) and (ii) of Rule 11 (e) as provided under (a) and (b)contain any material mis-statement.

v. The company has not declared or paid dividend during the year.

2. As required by the Companies (Auditor's Report) Order 2020 ("the Order")issued by the Central Government in terms of Section 143(11) of the Act we give in"Annexure B" a statement on the matters specified in paragraphs 3 and 4 of theOrder to the extent applicable.

For KMGS & Associates
Chartered Accountants
(Firm's Registration No. 004730N)
(LALIT GOEL)
(Partner)
(Membership No. 091100) UDIN No. 22091100AJHYHC7190
Place of Signature: Gurugram
Date: 20th May 2022

Annexure ‘A’ to the independent auditor’s report of even date on the IndAS financial statements of MACHINO PLASTICS LIMITED

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section143 of the Companies Act 2013 ("the Act")

We have audited the internal financial controls over financial reporting of MachinoPlastics Limited ("the Company") as of March 312022 in conjunction with ouraudit of the financial statements of the Company for the year ended on that date.

Management's Responsibility for Internal Financial Controls

The Company's management is responsible for establishing and maintain internalfinancial controls based on the internal control over financial reporting criteriaestablished by the Company considering the essential components of internal control statedin the Guidance Note on Audit of Internal Financial Controls over Financial Reportingissued by the Institute of Chartered Accountants of India. These responsibilities includethe design implementation and maintenance of adequate internal financial controls thatwere operating effectively for ensuring the orderly and efficient conduct of its businessincluding adherence to company's policies the safeguarding of its assets the preventionand detection of frauds and errors the accuracy and completeness of the accountingrecords and the timely preparation of reliable financial information as required underthe Companies Act 2013.

Auditors' Responsibility

Our responsibility is to express an opinion on the Company's internal financialcontrols over financial reporting based on our audit. We conducted our audit in accordancewith the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting(the "Guidance Note") and the Standards on Auditing issued by ICAI and deemedto be prescribed under section 143(10) of the Companies Act 2013 to the extentapplicable to an audit of internal financial controls 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 wasestablished and maintained and if such controls operated effectively in all materialrespects.

Our audit involves performing procedures to obtain audit evidence about the adequacy ofthe internal financial controls system over financial reporting and their operatingeffectiveness. Our audit of internal financial controls over financial reporting includedobtaining an understanding of internal financial controls over financial reportingassessing the risk that a material weakness exists and testing and evaluating the designand operating effectiveness of internal control based on the assessed risk. The proceduresselected depend on the auditor's judgement including the assessment of the risks ofmaterial misstatement of the financial statements whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the Company's internal financial controls systemwith reference to financial statements.

Meaning of Internal Financial Controls over Financial Reporting

A company's internal financial control over financial reporting is a process designedto provide reasonable assurance regarding the reliability of financial reporting and thepreparation of financial statements for external purposes in accordance with generallyaccepted accounting principles. A company's internal financial control over financialreporting includes those policies and procedures that (1) pertain to the maintenance ofrecords that in reasonable details 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 financial statements inaccordance with generally accepted accounting principles and that receipts andexpenditures 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 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 over financial reporting tofuture periods are subject to the risk that the internal financial control over financialreporting may become inadequate because of changed in conditions or that the degree ofcompliance with the policies or procedures may deteriorate.

Opinion

In our opinion the Company has in all material respects an adequate internalfinancial controls system over financial reporting and such internal financial controlsover financial reporting 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 CharteredAccountant of India.

For KMGS & Associates
Chartered Accountants
(Firm's Registration No. 004730N)
(LALIT GOEL)
(Partner)
(Membership No. 091100)
UDIN No. 22091100AJHYHC7190
Place of Signature: Gurugram
Date: 20th May 2022

ANNEXURE ‘B’ TO THE INDEPENDENT AUDITOR’S REPORT

(Referred to in paragraph 1 of Report on Other Legal and Regulatory Requirements of theauditors' report of even date to the members of Machino Plastics Limited on the financialstatements for the year ended 31st March'2022)

In terms of information and explanations given to us and the books and records examinedby us we report that:

(i) (a) (A) The Company has maintained proper records showing full particularsincluding quantitative details and

situation of Property Plant and Equipment.

(B) The Company has maintained proper records showing full particulars of IntangibleAssets.

(b) According to the information and explanations given to us the Property Plant andEquipment were physically verified during the year by the management in accordance withthe programme of verification which in our opinion is reasonable having regard to thesize of the company and the nature of its assets. To the best of our knowledge nomaterial discrepancies were noticed on verification conducted during the year as comparedwith the book records.

(c) Based upon the audit procedures performed the title deeds if any of the immovableproperties are held in the name of the company.

(d) According to the information and explanations given to us the company has notrevalued it's Property Plant and Equipment (including Right of Use Assets) or IntangibleAssets or both during the year.

(e) According to the information and explanations given to us no proceedings have beeninitiated or are pending against the company for holding any Benami Property under theBenami Transactions (Prohibition) Act 1988 (45 of 1988) and Rules made thereunder.

(ii) (a) The management has conducted physical verification of inventory at reasonableintervals during the year. No

material discrepancies were noticed on physical verification carried out at the end ofthe year.

(b) During the year the Company has availed working capital limits in excess of fivecrore rupees in aggregate from banks or financial institutions on the basis of securityof current assets and the quarterly returns or statements filed by the company with suchbanks or financial institutions are in agreement with the books of account of the Company.

(iii) As informed the Company has not made any investments in provided any guaranteeor security or granted any loans or advances in the nature of loans secured or unsecuredto companies firms Limited Liability Partnerships or other parties. Accordingly all thesub-clauses under this clause are not applicable.

(iv) In our opinion and according to the information and explanations given to us inrespect of loans investments guarantees and security the provisions of section 185 and186 of the Companies Act 2013 have been complied with.

(v) The Company has not accepted any deposits or amounts deemed to be deposits from thepublic. Accordingly the provisions of clause 3(v) of the Companies (Auditor's Report)Order 2020 are not applicable to the Company.

(vi) To the best of our knowledge and as explained the Central Government has notprescribed maintenance of cost records under clause (d) of sub-section (1) of section 148of the Companies Act 2013 for the products of the Company.

(vii) (a) According to the information and explanations given to us and the records ofthe company examined by us

in our opinion the company is regular in depositing with appropriate authoritiesundisputed statutory dues including Goods and Service Tax provident fund employees'state insurance income tax sales tax service tax duty of customs duty of excisevalue added tax cess and other statutory dues as applicable with the appropriateauthorities. There was no undisputed amounts payable in arrears as at March 31st 2022for period of more than six months from the date they became payable.

(b) According to the information and explanations given to us particulars of dues ofIncome tax sales tax wealth tax service tax duty of customs duty of excise valueadded tax Goods and Service Tax and cess as at March 31st 2022 which have notbeen deposited on account of a dispute have been stated below:

Name of the Statute Nature of dues Amount (Rs) Amount Deposit under protest Period Forum where dispute is pending
The Central Excise Act1944 Excise Duty 55953527 Nil F.Y 2013-14 to 2017-18 Directorate General of Goods and Services Tax- Intelligence Gurgaon

(viii) In our opinion and according to the information and explanations given to usthe company has not surrendered or disclosed as income during the year in tax assessmentsunder the Income Tax Act 1961 (43 of 1961) any transactions not recorded in the books ofaccounts.

(ix) (a) In our opinion and according to the information and explanations given to usthe Company has not defaulted in

repayment of loans or other borrowings or in the payment of interest thereon to anylender.

(b) In our opinion and according to the information and explanations given to us thecompany has not been declared wilful defaulter by any bank or financial institution orother lender.

(c) As per the information and explanations given to us by the management the companyhas applied the term loans for the purpose for which the loans were obtained.

(d) As per the information and explanations given to us by the management funds raisedon short term basis have not been utilized for long-term purposes.

(e) The company does not have any subsidiary associate or joint venture and thereforethis clause is not applicable.

(f) The company does not have any subsidiary associate or joint venture and thereforethis clause is not applicable.

(x) (a) Based on information and explanations given to us by the management thecompany has not raised any money by way of initial public offer or further public offer(including debt instruments) during the year.

(b) Based on information and explanations given to us by the management the companyhas not made any preferential allotment or private placement of shares or convertibledebentures (fully partially or optionally convertible) during the year.

(xi) (a) Based upon the audit procedures performed for the purpose of reporting thetrue and fair view of the financial statements and as per the information and explanationsgiven by the management we report that no fraud by the company or any fraud on thecompany has been noticed or reported during the course of our audit. Therefore sub-clause(b) and (c) of this clause are not applicable.

(xii) In our opinion the Company is not a Nidhi Company. Accordingly the provisionsof clause 3(xii) of the Companies (Auditor's Report) Order 2020 are not applicable to theCompany.

(xiii) Based on information and explanations given to us by the management alltransactions with the related parties are in compliance with section 177 and 188 of theCompanies Act 2013 where applicable and the details have been disclosed in the Ind ASfinancial Statements as required by the applicable Indian Accounting Standards.

(xiv) (a) In our opinion the company has an internal audit system commensurate withthe size and nature of its business.

(b) The reports of the Internal Auditors for the period under audit have beenconsidered by us.

(xv) In our opinion and according to the information and explanations given to us thecompany has not entered into any non-cash transaction with directors or person connectedwith him which is covered by Section 192 of the Companies Act 2013. Accordingly theprovisions of this clause of the Companies (Auditor's Report) Order 2020 are notapplicable to the Company.

(xvi) (a) In our opinion and according to the information and explanations given to usthe company is not required to be

registered under section 45 IA of the Reserve Bank of India Act 1934 (2 of 1934).Accordingly the provisions of clause 3(xvi) of the Companies (Auditor's Report) Order2016 are not applicable to the Company.

(b) In our opinion and according to the information and explanations given to us thecompany has not conducted any Non-Banking Financial or Housing Finance activities withouta valid certificate of registration (CoR) from the Reserve Bank of India as per theReserve Bank of India Act 1934.

(c) In our opinion and according to the information and explanations given to us thecompany is not a Core Investment Company (CIC) as defined in the regulations made by theReserve Bank of India.

(d) In our opinion and according to the information and explanations given to us thecompany is not part of a Group which has more than one CIC as part of the Group.

(xvii) In our opinion and according to the information and explanations given to usthe company has not incurred any cash losses in the current financial year and in theimmediately preceding financial year.

(xviii) There has been no resignation of Statutory Auditors during the year.

(xix) On the basis of the financial ratios ageing and expected dates of realisation offinancial assets and payment of financial liabilities other information accompanying thefinancial statements and our knowledge of the Board of Directors and Management plans andbased on our examination of the evidence supporting the assumptions nothing has come toour attention which causes us to believe that any material uncertainty exists as on thedate of the audit report indicating that Company is not capable of meeting its liabilitiesexisting at the date of balance sheet as and when they fall due within a period of oneyear from the balance sheet date. We however state that this is not an assurance as tothe future viability of the Company. We further state that our reporting is based on thefacts up to the date of the audit report and we neither give any guarantee nor anyassurance that all liabilities falling due within a period of one year from the balancesheet date will get discharged by the Company as and when they fall due.

(xx) The provisions of Section 135 of the Companies Act 2013 are not applicable to theCompany during the current year.

(xxi) In our opinion and according to the information and explanations given to usthere is no requirement of consolidation of financial statements of other entitiesapplicable on the company and therefore this clause is not applicable to the company

For KMGS & Associates
Chartered Accountants
(Firm's Registration No. 004730N)
(LALIT GOEL)
(Partner)
(Membership No. 091100)
UDIN No. 22091100AJHYHC7190
Place of Signature: Gurugram
Date: 20th May 2022

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