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Pet Plastics Ltd.

BSE: 524046 Sector: Industrials
NSE: N.A. ISIN Code: INE704F01018
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Pet Plastics Ltd. (PETPLASTICS) - Auditors Report

Company auditors report

TO THE MEMBERS OF PET PLASTICS LIMITED Report on the Audit of the Standalone FinancialStatements Opinions

We have audited the accompanying standalone financial statements of PET PLASTICSLIMITED (CIN: L25200MH1985PLC037217) ("the Company") which comprise theBalance Sheet as at March 31 2022 the Statement of Profit and Loss (including OtherComprehensive Income) the Statement of Changes in Equity and the Statement of Cash Flowsfor the year ended on that date and a summary of significant accounting policies and otherexplanatory information (hereinafter referred to as the "standalone financialstatements").

In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid standalone financial statements give the information requiredby the Companies Act 2013 ("the Act") in the manner so required and give a trueand fair view in conformity with the Indian Accounting Standards prescribed under Section133 of the Act read with the Companies (Indian Accounting Standards)

Rules 2015 as amended ("Ind AS") and other accounting principles generallyaccepted in India of the state of affairs of the Company as at March 31 2022 and itsloss total comprehensive income changes in equity and its cash flows for the year endedon that date.

Basis for Opinion

We conducted our audit of the standalone financial statements in accordance with theStandards on Auditing ("SA"s) specified under Section 143(10) of the Act. Ourresponsibilities under those Standards are further described in the Auditor'sResponsibilities for the Audit of the Standalone Financial Statements section of ourreport. We are independent of the Company in accordance with the Code of Ethics issued bythe Institute of Chartered Accountants of India ("ICAI") together with theethical requirements that are relevant to our audit of the standalone financial statementsunder the provisions of the Act and the Rules made thereunder and we have fulfilled ourother ethical responsibilities in accordance with these requirements and the ICAI's Codeof Ethics. We believe that the audit evidence obtained by us is sufficient and appropriateto provide a basis for our audit opinion on the standalone financial statements.

Emphasis of Matter

We draw attention to Note 27(i) to the accompanying financial statement which describethat Balance in the account of Cash & Cash Equivalent Trade Receivable Loan TradePayable and Other Financial Liabilities are subject to confirmation/reconciliation. Ifany The management does not expect any material adjustments in respect of the sameeffecting the Financial Statement on such reconciliation/adjustment.

We draw attention to Note 27(ii) to the accompanying financial statement whichdescribe that Statutory Compliance with respect to GST and TDS is subject toreconciliation

We draw attention to Note 27(iii) to the accompanying financial statement whichdescribe that Sales amounting to 570.32 lakhs and Purchase amounting to Rs. 537.95 lakhsis related to merchant trading.

Our opinion is not modified in respect of this matter.

Information other than the Standalone Financial Statements and Auditor's Report thereon

The Company's Board of Directors is responsible for the other information. The otherinformation comprises the information included in the Annual Report but does not includethe Standalone financial statements and our auditor's report thereon.

Our opinion on the Standalone financial statements does not cover the other informationand we do not express any form of assurance conclusion thereon.

In connection with our audit of the Standalone financial statements our responsibilityis to read the other information and in doing so consider whether the other informationis materially inconsistent with the Standalone financial statements or our knowledgeobtained in the audit or otherwise appears to be materially misstated.

If based on 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 Standalone Financial Statements

The Company's Board of Directors is responsible for the matters stated in Section134(5) of the Companies Act 2013 ("the Act") with respect to the preparation ofthese Standalone financial statements that give a true and fair view of the financialposition financial performance and cash flows of the Company in accordance with theaccounting principles generally accepted in India including the accounting Standardsspecified under Section 133 of the Act. This responsibility also includes maintenance ofadequate accounting records in accordance with the provisions of the Act for safeguardingof the assets of the Company and for preventing and detecting frauds and otherirregularities; selection and application of appropriate implementation and maintenance ofaccounting policies; making judgments and estimates that are reasonable and prudent; anddesign implementation and maintenance of adequate internal financial controls that wereoperating effectively for ensuring the accuracy and completeness of the accountingrecords relevant to the preparation and presentation of the Standalone financialstatement that give a true and fair view and are free from material misstatement whetherdue to fraud or error.

In preparing the Standalone 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.

Those Board of Directors are also responsible for overseeing the Company's financialreporting process.

Auditor's Responsibilities for the Audit of the Standalone Financial Statements

Our objectives are to obtain reasonable assurance about whether the Standalonefinancial statements as a whole are free from material misstatement whether due to fraudor error and to issue an auditor's report that includes our opinion. Reasonable assuranceis a high level of assurance but is not a guarantee that an audit conducted in accordancewith SAs will always detect a material misstatement when it exists. Misstatements canarise from fraud or error and are considered material if individually or in theaggregate they could reasonably be expected to influence the economic decisions of userstaken on the basis of these Standalone financial statements.

As part of an audit in accordance with SAs we exercise professional judgment andmaintain professional scepticism throughout the audit. We also:

? Identify and assess the risks of material misstatement of the Standalone 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 in orderto 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 reasonableness ofaccounting estimates and related disclosures made by 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 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 Standalone 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 Standalone financialstatements including the disclosures and whether the Standalone financial statementsrepresent the underlying transactions and events in a manner that achieves fairpresentation.

Materiality is the magnitude of misstatements in the Standalone financial statementsthat individually or in aggregate makes it probable that the economic decisions of areasonably knowledgeable user of the Standalone financial statements may be influenced. Weconsider quantitative materiality and qualitative factors in (i) planning the scope of ouraudit work and in evaluating the results of our work; and (ii) to evaluate the effect ofany identified misstatements in the Standalone financial statements.

We communicate with those charged with governance regarding among other matters theplanned scope and timing of the audit and significant audit findings including anysignificant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have compliedwith relevant ethical requirements regarding independence and to communicate with themall relationships and other matters that may reasonably be thought to bear on ourindependence and where applicable related safeguards.

From the matters communicated with those charged with governance we determine thosematters that were of most significance in the audit of the Standalone financial statementsof the current period and are therefore the key audit matters. We describe these mattersin our auditor'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 Section 143(3) of the Act based on our audit report 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 purpose 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 Standalone Statement of Profit and Loss (including othercomprehensive income) the Standalone Statement of Cash Flow and the Standalone Statementof Changes in Equity dealt with by this Report are in agreement with the books of account;

d) In our opinion the aforesaid Standalone financial statements comply with the IndianAccounting Standards specified under Section 133 of the Act read with relevant rulesissued thereunder.

e) On the basis of written representations received from the directors as on 31stMarch 2022 taken on record by the Board of Directors none of the directors isdisqualified as on 31st March 2022 from being appointed as a director in termsof Section 164(2) of the Act;

f) With respect to the adequacy of the internal financial controls over financialreporting of the Company and the operating effectiveness of such controls refer to ourseparate Report in

"Annexure A";

g) With respect to the matter to be included in the Auditors' Report under Section197(16) of the

Act:

In our opinion and according to the information and explanations given to us noremuneration has been paid by the Company to its Directors during the current year and thecompany is in accordance 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 in our opinion and tothe best of our information and according to the explanations given to us:

i. The Company does not have any pending litigation which would impact its financialposition in its Standalone financial statements.

ii. The Company did not have any long-term c ontracts including derivative contractsfor which there were any material foreseeable losses under the applicable law oraccounting standards;

iii. There has been no delay in transferring amounts required to be transferred tothe Investor

Education and Protection Fund by the Company if any.

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 (which are material eitherindividually or in the aggregate) have been advanced or loaned or invested (either fromborrowed funds or share premium or any other sources or kind of funds) by the Company toor in any other person or entity including foreign entity ("Intermediaries")with the understanding whether recorded in writing or otherwise that the Intermediaryshall whether directly or indirectly lend or invest in other persons or entitiesidentified in any manner whatsoever by or on behalf of the Company ("UltimateBeneficiaries") or provide any guarantee security or the like on behalf of theUltimate 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 (which are material eitherindividually or in the aggregate) have been received by the Company from any person orentity including foreign entity ("Funding Parties") with the understandingwhether recorded in writing or otherwise that the Company shall whether directly orindirectly lend or invest in other persons or entities identified in any mannerwhatsoever by or on behalf of the Funding Party

("Ultimate Beneficiaries") or provide any guarantee security or the like onbehalf of the

Ultimate Beneficiaries;

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

v. (a) The Company has not paid proposed or declared any dividend during the year anduntil the date of report Hence Compliance in accordance with section 123 of the Act isnot applicable.

2. 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 Act we give in the "Annexure-B" a statement on the matters specified in paragraphs 3 and 4 of the Order.

For Maheshwari & Co.
Chartered Accountants
Firm's Registration No.105834W
K. K. Maloo
Partner
Place: Mumbai Membership No. 075872
Date: May 30 2022 UDIN: 22075872AJXUGD5656

ANNEXURE ‘A' TO THE INDEPENDENT AUDITORS' REPORT

(Referred to in paragraph 1(f) under the heading ‘Report on Other Legal andRegulatory Requirements' of our report of even date)

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 PETPLASTICS LIMITED ("the Company") as of 31st March 2022 inconjunction with our audit of the Standalone financial statements of the Company for theyear ended on that date.

Management's Responsibility for Internal Financial Controls

The Company's management is responsible for establishing and maintaining 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 Reporting (the "Guidance Note") issued by theInstitute of Chartered Accountants of India ("ICAI"). These responsibilitiesinclude the design implementation and maintenance of adequate internal financial controlsthat were operating effectively for ensuring the orderly and efficient conduct of itsbusiness including adherence to company's policies the safeguarding of its assets theprevention and detection of frauds and errors the accuracy and completeness of theaccounting records and the timely preparation of reliable financial information asrequired under the 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 and the Standards on Auditing issued by ICAI and deemed to beprescribed under Section 143(10) of the Companies Act 2013 to the extent applicable toan audit of internal financial controls. Those Standards and the Guidance Note requirethat we comply with ethical requirements and plan and perform the audit to obtainreasonable assurance about whether adequate internal financial controls over financialreporting was established and maintained and if such controls operated effectively in allmaterial 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 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 judgments including the assessment of the risks ofmaterial misstatement of the Standalone financial statements whether due to fraud orerror.

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 systemover financial reporting.

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 Standalone financial statements for external purposes in accordance withgenerally accepted accounting principles. A company's internal financial control overfinancial reporting 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 ofStandalone financial statements in accordance with generally accepted accountingprinciples and that receipts and expenditures of the company are being made only inaccordance with authorisations of management and directors of the company; and (3) providereasonable assurance regarding prevention or timely detection of unauthorised acquisitionuse or disposition of the company's assets that could have a material effect on theStandalone 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 financial controlssystem over financial reporting and such internal financial controls over financialreporting were operating effectively as at March 31 2022 based on the criteria forinternal financial control over financial reporting 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 ICAI.

For Maheshwari & Co.
Chartered Accountants
Firm's Registration No.105834W
K. K. Maloo
Partner
Place: Mumbai Membership No. 075872
Date: May 30 2022 UDIN: 22075872AJXUGD5656

ANNEXURE ‘B' TO THE INDEPENDENT AUDITORS' REPORT

(Referred to in paragraph 2 under the heading ‘Report on Other Legal andRegulatory Requirements' of our report of even date)

To the best of our information and according to the explanations provided to us by theCompany and the books of account and records examined by us in the normal course of auditwe state that:

1. In respect of the Company's Property Plant and Equipment and Intangible Assets:

a) (A) The Company has maintained proper records showing full particulars includingquantitative details and situation of Property Plant and Equipment and relevant detailsof right-of-use assets.

(B) The Company does not hold any intangible assets during the year.

b) The Property Plant and Equipment have been physically verified by the management inaccordance with a phased programme of verification in accordance with this programmecertain Property Plant and Equipment were verified by the management during the year. Inour opinion it is reasonable having regard to the size of the Company and the nature ofits assets no material discrepancies were noticed on such verification.

c) According to the information and explanations given to us and the records examinedby us there is no immovable property disclosed as Property Plant and Equipment (otherthan properties where the Company is the lessee and the lease agreements are duly executedin favour of the lessee) in the Standalone financial statements of the Company. Hencereporting under clause (i)(c) of paragraph 3 of the Order is not applicable to theCompany.

d) The Company has not revalued any of its Property Plant and Equipment (includingright-of-use assets) and intangible assets or both during the year.

e) No proceedings have been initiated during the year or are pending against theCompany as at March 31 2022 for holding any benami property under the Benami Transactions(Prohibition) Act 1988 (as amended in 2016) and rules made thereunder

2. a) The The management has conducted physical verification of inventory at reasonableintervals during the year. On the basis of examination of records we are of the opinionthat the coverage and procedure of such verification is appropriate and that nodiscrepancies of 10% or more in the aggregate for each class of inventory were noticed onsuch verification. The discrepancies wherever noted have been properly dealt with in thebooks of account of the Company.

b) According to information and explanations given to us The Company has not beenavailed any working capital limits in excess of 5 crore in aggregate at any points oftime during the year from banks or financial institutions on the basis of security ofcurrent assets. Consequently the requirement of clause (ii) (b) of paragraph 3 of theOrder is not applicable to the Company.

3. The Company has made investments in companies firms Limited LiabilityPartnerships and granted unsecured loans to other parties during the year in respect ofwhich:

(a) The Company has not provided any loans or advances in the nature of loans or stoodguarantee or provided security to any other entity during the year and hence reportingunder clause 3(iii)(a) of the Order is not applicable.

(b) In our opinion the investments made and the terms and conditions of the grant ofloans during the year are prima facie not prejudicial to the Company's interest.

(c) In respect of loans granted by the Company the schedule of repayment of principaland payment of interest has been stipulated and the repayments of principal amounts andreceipts of interest are generally been regular as per stipulation.

(d) In respect of loans granted by the Company there is no overdue amount remainingoutstanding as at the balance sheet date.

(e) No loan granted by the Company which has fallen due during the year has beenrenewed or extended or fresh loans granted to settle the overdues of existing loans givento the same parties.

(f) The Company has not granted any loans or advances in the nature of loans eitherrepayable on demand or without specifying any terms or period of repayment during theyear. Hence reporting under clause 3(iii)(f) is not applicable. The Company has notprovided any guarantee or security or granted any advances in the nature of loans securedor unsecured to companies firms Limited Liability Partnerships or any other parties.

4. According to information and explanations given to us There are no loansinvestments guarantees and security in respect of which provisions of sections 185 and186 of the Act are applicable and accordingly the requirement to report on clause 3(iv)of the Order is not applicable to the Company.

5. According to the information and explanations given to us the Company has notaccepted any deposits within the meaning of Sections 73 to 76 or any other relevantprovisions of the Companies Act and the rules framed thereunder during the year.Accordingly the provisions of clause (v) of paragraph 3 of the Order are not applicableto the Company.

6. In our opinion and according to the information and explanations given to us therequirement for maintenance of cost records specified by the Central Government underSection 148(1) of the Companies Act are not applicable to the Company during the year.

7. a) According to the information and explanation given to us the Company has beengenerally regular in depositing the undisputed statutory dues including provident fundemployees' state insurance income tax sales tax service tax Goods and Service Taxcustom duty excise duty value added tax cess and other material statutory dues asapplicable with the appropriate authorities. No undisputed amounts payable in respect ofaforesaid statutory dues were outstanding as on the last day of the financial year for ayear of more than six months from the date they became payable.

b) According to the information and explanations given to us there are no dues ofsales tax service tax customs duty excise duty value added tax and cess which havenot been deposited on account of any dispute with the relevant authorities.

8. There were no transactions relating to previously unrecorded income that have beensurrendered or disclosed as income during the year in the tax assessments under the IncomeTax Act 1961 (43 of 1961).

9. (a) The Company has not taken any loans or other borrowings from any lender. Hencereporting under clause (ix)(a) of paragraph 3 of the Order is not applicable.

(b) The Company has not been declared wilful defaulter by any bank or financialinstitution or government or any government authority.

(c) The Company has not taken any term loan during the year and there are nooutstanding term loans at the beginning of the year and hence reporting under clause(ix)(c) of paragraph 3 of the Order is not applicable.

(d) On an overall examination of the Standalone financial statements of the Company nofunds has been raised on short-term basis by the Company. Accordingly clause (ix)(d) ofparagraph 3 of the Order is not applicable.

(e) On an overall examination of the Standalone financial statements of the Companythe Company has not taken any funds from any entity or person on account of or to meet theobligations of its subsidiaries.

(f) The Company has not raised any loans during the year and hence reporting on clause(ix)(f) of paragraph 3 of the Order is not applicable.

10.(a) According to the information and explanations given to us the Company has notraised moneys by way of initial public offer or further public offer (including debtinstruments) and the term loans during the year.

(b) During the year the company has not made preferential allotment or privateplacement of shares.

11. (a) No fraud by the Company and no material fraud on the Company has been noticedor reported during the year.

(b) No report under sub-section (12) of section 143 of the Companies Act has been filedin Form ADT-4 as prescribed under rule 13 of Companies (Audit and Auditors) Rules 2014with the Central Government during the year and upto the date of this report.

(c) We have taken into consideration the whistle blower complaints received by theCompany during the year if any (and upto the date of this report) while determining thenature timing and extent of our audit procedures.

12. In our opinion and according to the information and explanations given to us theCompany is not a

Nidhi Company. Accordingly the provisions of clause (xii) of paragraph 3 of the Orderare not applicable to the Company.

13. In our opinion and according to the information and explanations given to us theCompany has not compliance with Sections 177 and 188 of the Companies Act 2013Accordingly the provisions of clause (xiiI) of paragraph 3 of the Order are notapplicable to the Company.

14.(a) In our opinion the Company has an adequate internal audit system commensuratewith the size and the nature of its business.

(b) We have considered the internal audit reports for the year under audit issued tothe Company during the year and till date in determining the nature timing and extent ofour audit procedures.

15. In our opinion during the year the Company has entered into non-cash transactionswith its Directors or persons connected with its directors by way of unsecured loansavailed by the Company from its Director or persons connected with its directors. Theprovisions of section 192 of the Companies Act 2013 have been complied.

16. (a) In our opinion the Company is not required to be registered under section45-IA of the Reserve

Bank of India Act 1934. Hence reporting under clause (xvi)(a) (b) and (c) ofparagraph 3 of the Order is not applicable.

(b) In our opinion there is no Core Investment Company within the Group (as defined inthe Core Investment Companies (Reserve Bank) Directions 2016) and accordingly reportingunder clause (xvi)(d) of paragraph 3 of the Order is not applicable.

17. The Company has not incurred cash losses during the financial year covered by ouraudit and the immediately preceding financial year.

18. In our opinion and according to the information and explanations given to us therehas been resignation of the statutory auditors during the year and the auditor has takeninto consideration the issues objections or concerns raised by the outgoing auditors;

19.On the basis of the financial ratios ageing and expected dates of realisation offinancial assets and payment of financial liabilities other information accompanying theStandalone financial statements and our knowledge of the Board of Directors and Managementplans and based on our examination of the evidence supporting the assumptions nothing hascome to our attention which causes us to believe that any material uncertainty exists ason the date of the audit report indicating that Company is not capable of meeting itsliabilities existing at the date of balance sheet as and when they fall due within aperiod of one year from the balance sheet date. We however state that this is not anassurance as to the future viability of the Company. We further state that our reportingis based on the facts up to the date of the audit report and we neither give any guaranteenor any assurance that all liabilities falling due within a period of one year from thebalance sheet date will get discharged by the Company as and when they fall due.

20.(a) There are no unspent amounts towards Corporate Social Responsibility (CSR)requiring a transfer to a Fund specified in Schedule VII to the Companies Act incompliance with second proviso to subsection (5) of Section 135 of the said Act.Accordingly reporting under clause (xx)(a) of paragraph 3 of the Order is not applicablefor the year.

(b) There are no unspent amounts towards Corporate Social Responsibility (CSR)requiring a transfer to a special account in compliance with provision of sub section (6)of section 135 of the said Act. Accordingly reporting under clause (xx)(b) of paragraph 3of the Order is not applicable for the year.

For Maheshwari & Co.
Chartered Accountants
Firm's Registration No.105834W
K. K. Maloo
Partner
Place: Mumbai Membership No. 075872
Date: May 30 2022 UDIN: 22075872AJXUGD5656

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