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Ruby Mills Ltd.

BSE: 503169 Sector: Industrials
NSE: RUBYMILLS ISIN Code: INE301D01026
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OPEN 383.00
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VOLUME 1620
52-Week high 500.15
52-Week low 192.10
P/E 20.98
Mkt Cap.(Rs cr) 652
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 383.00
CLOSE 382.05
VOLUME 1620
52-Week high 500.15
52-Week low 192.10
P/E 20.98
Mkt Cap.(Rs cr) 652
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Ruby Mills Ltd. (RUBYMILLS) - Auditors Report

Company auditors report

To the members of THE RUBY MILLS LIMITED

Report on the audit of the Financial Statements Opinion

We have audited the accompanying financial statements of The Ruby Mills Limited("the Company") which comprise the balance sheet as at 31st March2021 the statement of Profit and Loss (including Other comprehensive Income) statementof changes in equity and statement of cash flows for the year then ended and notes to thefinancial statements including a summary of significant accounting policies and otherexplanatory information (hereinafter referred to as "Financial Statements").

In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid financial statements give the information required by theCompanies Act 2013 ("the Act") in the manner so required and give a true andfair view in conformity with the Indian Accounting Standards prescribed under Section 133of the Act read with the Companies (Indian Accounting Standards) Rules 2015 as amended("Ind AS") and the accounting principles generally accepted in India of thestate of affairs of the Company (financial position) as at 31st March 2021the profit and total Comprehensive Income (financial performance) changes in equity andits cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specifiedunder section 143(10) of the Act. Our responsibilities under those Standards are furtherdescribed in the Auditor's Responsibilities for the Audit of the Financial Statementssection of our report. We are independent of the Company in accordance with the Code ofEthics issued by the Institute of Chartered Accountants of India together with the ethicalrequirements that are relevant to our audit of the financial statements under theprovisions of the Act and the Rules thereunder and we have fulfilled our other ethicalresponsibilities in accordance with these requirements and the Code of Ethics. We believethat the audit evidence we have obtained is sufficient and appropriate to provide a basisfor our opinion.

Key Audit Matters

Key audit matters are those matters that in our professional judgment were of mostsignificance in our audit of the financial statements of the current period. These matterswere addressed in the context of our audit of the financial statements as a whole and informing our opinion thereon and we do not provide a separate opinion on these matters. Wehave determined the matters described below to be the key audit matters to be communicatedin our report.

Sr. No. Key Audit Matters How the matter was addressed in our audit
1. Information Technology (IT) Systems and controls The Company uses different IT systems for different functions and processes. Audit procedures followed by us include:
These systems are not very user-friendly are not fully integrated and require manual intervention to determine the final figures for financial reporting. We identified IT system and controls as a KAM since: - Assessment of the design and implementation of the Company's control over the different IT system especially those related to financial reporting;
- Assessment of management's remedial plan in form of manual control to address our concern;
- In planning the audit we place significant reliance on the IT system and controls which impacts account balances reflected in the Financial statements (FS) of the Company - Testing / walk through of manual control implemented by the management to overcome the weakness in the IT system and determine the final figures for financial reporting;
- Management's remedial plan in form of manual intervention is prone to risk of misstatement on account of complexity of the business functions. - Extending scope of our substantive audit procedures wherever manual controls are being used to integrate the various IT systems which affect financial reporting.
2. Development agreement Audit procedures followed by us include:
In an earlier year the Company entered into Development Agreement ("the DA") with a Developer whereby the Company granted the development rights to develop approximate 36000 square meters of constructed area ("the Development Rights") on 12204 square meters out of its Freehold Land At Dadar. We identified DA as a KAM since: - Understanding of the arrangement entered for the Development of the property and of the various terms of DA and amendments thereto;
- Co-relation of terms of DA with the entries made in the books of account by the Company for accounting of Income and amounts receivable from the developer;
- As per the DA cost of construction incurred by the Company for the development of property covered under the DA agreement is reimbursed by the Developer. The Company has incurred huge amount of expenses and borrowings for the Construction of the property which has resulted in the significant amount receivable from the Developer; - Review of procedures followed / steps taken by the Company / developer for obtaining approval from the competent authorities;
- The amount receivable from the developer represents a major portion of the total assets of the Company; - Review of legal opinion / s taken by the Company and decision taken on that basis or management judgements / estimates for outcome of disputes arising on account of DA;
- Recoverability of the said amount depends on obtaining of the various approval from competent authorities by the Company / developer for building constructed as per the said DA. - Obtaining of balance confirmation from the developer at each period end / year end;
Refer Note No. 13 and 22 to the accompanying financial statements. - Assessment of recoverability of outstanding amount from developer based on: o valuation report obtained by the Company for the vacant property covered by the DA; and o Sharing arrangement entered between the Company and developer for sharing of gross revenue arising from the property / building covered under DA.
3. Evaluation of uncertain tax and other litigations Audit procedures followed by us include:
- Obtained from management details of various pending litigations and outstanding demands for the year ended March 31 2021;
- Reading and analysing orders key correspondence external legal opinions / consultations by management for key legal disputes;
- Discussed with appropriate senior management and evaluating management's underlying key assumptions in estimating the likely demand/ possible outcome of the various litigations.
The Company has various pending litigations which include litigation on account of Income Tax Indirect Taxes real estate and related activities FEMA etc. the outcome of which is uncertain and requires significant judgement. Refer Note No. 34 and 54(a) to the accompanying financial statements

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

The Company's management and Board of Directors are responsible for the otherinformation. The other information comprises the information included in the ManagementDiscussion and Analysis Director's Report including Annexures to Director's ReportCorporate Governance Report but does not include the financial statements and ourauditor's report thereon. The Management Discussion and Analysis Director's Reportincluding Annexures to Director's Report and Corporate Governance Report is expected tobe made available to us after the date of this auditor's report.

Our opinion on the financial statements does not cover the other information and wewill not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements our responsibility is to readthe other information identified above when it becomes available and in doing soconsider whether the other information is materially inconsistent with the financialstatements or our knowledge obtained in the audit or otherwise appears to be materiallymisstated.

If based on the work we have performed we conclude that there is a materialmisstatement therein we are required to communicate the matter to those charged withgovernance.

Responsibilities of Management and Those Charged with Governance for the FinancialStatements

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 financial statements that give a true and fair view of the financial positionfinancial performance total comprehensive income changes in equity and cash flows of theCompany in accordance with the accounting principles generally accepted in Indiaincluding the accounting Standards specified under Section 133 of the Act. Thisresponsibility also includes maintenance of adequate accounting records in accordance withthe provisions of the Act for safeguarding of the assets of the Company and for preventingand detecting frauds and other irregularities; selection and application of appropriateaccounting 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 financial statements thatgive a true and fair view and are free from material misstatement whether due to fraud orerror.

In preparing the financial statements management and Board of Directors areresponsible for assessing the Company's ability to continue as a going concerndisclosing as applicable matters related to going concern and using the going concernbasis of accounting unless Board of Directors either intends to liquidate the Company orto cease operations or has no realistic 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 Financial Statements

Our objectives are to obtain reasonable assurance about whether the financialstatements as a whole are free from material misstatement whether due to fraud or errorand to issue an auditor's report that includes our opinion. Reasonable assurance is 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 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 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 control relevant to the audit inorder to design audit procedures that are appropriate in the circumstances. Under section143(3)(i) of the Companies Act 2013 we are also responsible for expressing our opinionon whether the company has adequate internal financial controls with reference tofinancial statements in place and the operating effectiveness 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 financial statements or if such disclosures are inadequate to modify our opinion.Our conclusions are based on the audit evidence obtained up to the date of our auditor'sreport. However future events or conditions may cause the Company to cease to continue asa going concern;

• Evaluate the overall presentation structure and content of the financialstatements including the disclosures and whether the financial statements represent theunderlying transactions and events in a manner that achieves fair presentation.

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

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

From the matters communicated with those charged with governance we determine thosematters that were of most significance in the audit of the financial statements of thecurrent period and are therefore the key audit matters. We describe these matters in ourauditor's report unless law or regulation precludes public disclosure about the matter orwhen in extremely rare circumstances we determine that a matter should not becommunicated in our report because the adverse consequences of doing so would reasonablybe expected to outweigh the public interest benefits of such communication.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order 2016 ("the Order")issued by the Central Government of India in terms of sub-section (11) of section 143 ofthe Companies Act 2013 we give in the 'Annexure A' a statement on the matters specifiedin paragraphs 3 and 4 of the Order to the extent applicable

2. As required by Section 143(3) of the Act 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 the Statement of Changes in Equity and the Cash Flow Statement dealt with by thisReport are in agreement with the books of account;

(d) In our opinion the aforesaid financial statements comply with the AccountingStandards specified 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 31stMarch 2021 taken on record by the Board of Directors none of the directors isdisqualified as on 31st March 2021 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 with reference tofinancial statements of the Company and the operating effectiveness of such controlsrefer to our separate Report in "Annexure B". Our report expresses an unmodifiedopinion on the adequacy and operating effectiveness of the Company's internal financialcontrols with reference to financial statements.

(g) 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 financial statements - Refer Note 54(a) to the financial statements;

ii. The Company did not have any long-term contracts including derivative contracts forwhich there were any material foreseeable losses;

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 it's knowledge and beliefother than as disclosed in the notes to the accounts no funds have been advances orloaned or invested (either from borrowed funds or share premium or any other sources orkind of funds) by the Company to or in any other person(s) or entity(ies) includingforeign entities ("Intermediaries") with the understanding whether recorded inwriting or otherwise that the Intermediary shall whether directly or indirectly lend orinvest in other persons or entities identified in any manner whatsoever by or on behalf ofthe Company ("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 it's knowledge and beliefother than as disclosed in the notes to the accounts no fund have been received by theCompany from any person(s) or entity(ies) including foreign entities ("FundingParties") with the understanding whether recorded in writing or otherwise that theCompany shall whether directly or indirectly lend or invest in other persons orentities identified in any manner whatsoever by or on behalf of the FundingParty("Ultimate Beneficiaries") or provide any guarantee security or the likeon behalf of the Ultimate 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 (1) and (2) contain any material misstatement.

d) The Company has not declared or paid any dividend during the year.

3. With respect to the matter to be included in the Auditors' Report under Section197(16) of the Act:

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.

For C N K & Associates LLP
Chartered Accountants
Firm Registration No. 101961W/W-100036
Himanshu Kishnadwala Partner
Mumbai: 29Th June 2021 Membership No.: 37391
UDIN: 21037391AAAADR7547

ANNEXURE A TO INDEPENDENT AUDITOR'S REPORT

[Referred to in paragraph 1 under 'Report on Other Legal and Regulatory Requirements'in the Independent Auditor's Report of even date to the members of The Ruby Mills Limited("the Company") on the financial statements for the year ended 31stMarch 2021]

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

(b) The Company as per a phased programme undertakes physical verification of all thefixed assets once in three years which in our opinion is reasonable having regard to thesize of the Company and nature of its assets;

(c) According to the information and explanations given to us and on the basis of ourexamination of the records of the Company and the confirmations from the banks provided tous we report that the title deeds of immovable properties which are freehold are heldin the name of the Company as at the balance sheet date except the following where thedocuments are lodged with the relevant bank who have communicated that the same are nottraceable at their end.

Particulars Number of Cases Gross Block (Lakhs) Net Block (Rs. In Lakhs)
Freehold Land One 31.80 31.80

(ii) As per the information and explanations given to us physical verification ofinventories other than stock lying with third parties has been conducted by the managementon half yearly basis. In respect of inventory lying with third parties theses have beensubstantially been confirmed by them. In our opinion the frequency of such verificationis reasonable and no material discrepancies were noticed on such physical verification;.

(iii) According to the information and explanation given to us the Company has notgranted any loans secured or unsecured to companies firms and limited liabilitypartnerships or other parties covered in the register maintained under Section 189 of theAct. Accordingly paragraphs 3(iii)(a) 3(iii)(b) and 3(iii)(c) of the Order are notapplicable;

(iv) In our opinion and according to the information and explanations given to us theCompany has complied with the provisions of Section 185 and Section 186 of the Act withrespect to grant of loans making investments providing guarantees and securities asapplicable;

(v) In our opinion and according to the information and explanations given to us theCompany has not accepted any deposits from public within the provisions of Sections 73 to76 of the Act read with The Companies (Acceptance of Deposits) Rules 2014 and otherrelevant provisions of the Act and therefore the provision of the clause 3(v) of theOrder are not applicable to the Company;

(vi) We have broadly reviewed the books of account maintained by the Company pursuantto the Companies (Cost Records and Audit) Rules 2014 as specified by the CentralGovernment under section 148(1) of the Act in respect of the Company's product and are ofthe opinion that prima-facie the prescribed account and records have been made andmaintained. We have not however made a detailed examination of the same with a view todetermining whether they are accurate or complete;

(vii) (a) According to the information and explanations given to us and on the basis ofthe books and records examined by us the Company has been regular in depositingundisputed statutory dues including Provident fund Employees' State InsuranceIncome-tax Goods and Service tax duty of Customs and any other material statutory duesapplicable to it with appropriate authorities;

There were no undisputed amounts payable in respect of Provident fund Employees' StateInsurance Income-tax Goods and Service tax duty of Customs and any other materialstatutory dues applicable to it were outstanding as on the last day of the financialyear for a period of more than six months from the date they became payable;

(b) According to the information and explanation given to us the dues outstanding withrespect to Income- tax Sales-tax Service tax Goods and Service tax duty of Customsduty of Excise Value Added tax have not been deposited on account of any dispute are asunder;

Name of the Statute Nature of dues Forum where dispute is pending Period to which the amount is relates Amount (In Rs. Lakhs)
The Income Tax Act 1961 Income Tax and Interest Commissioner of Income Tax (Appeal) Assessment Year 2007-08 387.24
Finance Act1994 (Service Tax) Service Tax Principal Commissioner CGST & Excise Financial Year 2011-12 260.08
The Central Excise Act 1944 Excise Duty Assistant Commissioner of Central Excise Financial Year 1st April 1993 to 31st October 1993 2001-01 and 2001-02 9.76
Customs Act 1962 Custom Duty Commissioner of Appeals (Customs) Financial Year 2012-13 16.21

(viii) According to the information and explanations given to us as also on the basisof the books of accounts and records examined by us the Company has not defaulted in therepayment of loans or borrowing to financial institutions and banks. However the companyhas opted for a moratorium period for repayment of certain term loans in accordance withcircular dated 27th March 2020 issued by RBI on COVID-19 Regulatory Package.The Company does not have any loans and borrowings from government and has not issued anydebentures;

(ix) The Company did not raise any money by way of initial public offer or furtherpublic offer (including debt instruments) during the year. Accordingly paragraph 3(ix) ofthe Order in respect thereof is not applicable. Money raised by way of term loans duringthe year have been applied for the purpose for which those were raised;

(x) During the course of our examination of the books and records of the Companycarried out in accordance with the generally accepted auditing practices in India andaccording to the information and explanations given to us no instances of fraud by theCompany or on the Company by its officers or employees have been noticed or reportedduring the year;

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

(xii) In our opinion and according to the information and explanations given to us theCompany is not a Nidhi Company. Accordingly paragraph 3(xii) of the Order is notapplicable;

(xiii) According to the information and explanations given to us and based on ourexamination of the records of the Company transactions with the related parties are incompliance with the provisions of Sections 177 and 188 of the Act where applicable andthe details of such transactions have been disclosed in the financial statements asrequired by the applicable accounting standard;

(xiv) According to the information and explanations given to us and based on ourexamination of the records the Company has not made any preferential allotment or privateplacement of shares or fully or partly convertible debentures during the year.Accordingly paragraph 3(xiv) of the Order is not applicable;

(xv) According to the information and explanations given to us and based on ourexamination of the records the Company has not entered during the year into non-cashtransactions with directors or persons connected with them. Accordingly paragraph 3(xv)of the Order is not applicable;

(xvi) The Company is not required to be registered under Section 45-IA of the ReserveBank of India Act 1934. Accordingly paragraph 3(xvi) of the Order is not applicable.

For C N K & Associates LLP
Chartered Accountants
Firm Registration No.101961W/W-100036
Himanshu Kishnadwala Partner
Mumbai: 29th June 2021 Membership No.: 37391
UDIN: 21037391AAAADR7547

ANNEXURE B TO INDEPENDENT AUDITOR'S REPORT

[Referred to in paragraph 2(f) under 'Report on Other Legal and RegulatoryRequirements' in the Independent Auditor's Report of even date to the members of The RubyMills Limited on the financial statements for the year ended 31st March 2021]

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 with reference to financial statementsof The Ruby Mills Limited ("the Company") as of 31st March 2021 inconjunction with our audit of the Ind AS financial statements of the Company for the yearended on that date.

Management's Responsibility for Internal Financial Controls

The Company's Management is responsible for establishing and maintaining internalfinancial controls based on the internal controls with reference financial statementscriteria established by the Company considering the essential components of internalcontrol stated in the Guidance Note on Audit of Internal Financial Controls over FinancialReporting issued by the Institute of Chartered Accountants of India ('ICAI'). Theseresponsibilities include the design implementation and maintenance of adequate internalfinancial controls that were operating effectively for ensuring the orderly and efficientconduct of its business including adherence to Company's policies the safeguarding ofits assets the prevention and detection of frauds and errors the accuracy andcompleteness of the accounting records and the timely preparation of reliable financialinformation as required under the Act.

Auditor's Responsibility

Our responsibility is to express an opinion on the Company's internal financialcontrols with reference to financial statements based on our audit. We conducted our auditin accordance with the Guidance Note on Audit of Internal Financial Controls overFinancial Reporting (the "Guidance Note") and the Standards on Auditingspecified under Section 143(10) of the Act to the extent applicable to an audit ofinternal financial controls both issued by the ICAI. Those Standards and the GuidanceNote require that we comply with ethical requirements and plan and perform the audit toobtain reasonable assurance about whether adequate internal financial controls withreference to financial statements were established and maintained and if such controlsoperated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy ofthe internal financial controls with reference to financial statements and their operatingeffectiveness. Our audit of internal financial controls with reference to financialstatements included obtaining an understanding of internal financial controls withreference to financial statements assessing the risk that a material weakness exists andtesting and evaluating the design and operating effectiveness of internal control based onthe assessed risk. The procedures selected depend on the auditor's judgment including theassessment of the risks of material misstatement of the financial statements whether dueto 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 withreference to financial statements.

Meaning of Internal Financial Controls with reference to financial statements

A company's internal financial control with reference to financial statements is aprocess designed to provide reasonable assurance regarding the reliability of financialreporting and the preparation of financial statements for external purposes in accordancewith generally accepted accounting principles. A company's internal financial control withreference to 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. provide reasonable assurance that transactions are recorded as necessary to permitpreparation of financial statements in accordance with generally accepted accountingprinciples and that receipts and expenditures of the company are being made only inaccordance with authorizations of management and directors of the company; and

3. provide reasonable assurance regarding prevention or timely detection ofunauthorized acquisition use or disposition of the company's assets that could have amaterial effect on the financial statements.

Inherent Limitations of Internal Financial Controls with reference to financialstatements

Because of the inherent limitations of internal financial controls with reference tofinancial statements including the possibility of collusion or improper managementoverride of controls material misstatements due to error or fraud may occur and not bedetected. Also projections of any evaluation of the internal financial controls withreference to financial statements to future periods are subject to the risk that theinternal financial control with reference to financial statements may become inadequatebecause of changes in conditions or that the degree of compliance with the policies orprocedures may deteriorate.

Opinion

In our opinion except as mentioned in Emphasis of Matter para below the Company hasin all material respects an adequate internal financial controls with reference tofinancial statements and such internal financial controls with reference to financialstatements were operating effectively as at 31st March 2021 based on theinternal control with reference to financial statements criteria established by theCompany considering the essential components of internal control stated in the GuidanceNote on Audit of Internal Financial Controls Over Financial Reporting issued by the ICAI.

Emphasis of Matter

According to the information and explanations given to us and based on our examinationof the records the Company is in the process of integrating and strengthening thecontrols by way of integrating different IT systems to make the same commensurate with theoperations of the company.

Our Opinion is not modified in this matter.

For C N K & Associates LLP
Chartered Accountants
Firm Registration No. 101961W/W-100036
Himanshu Kishnadwala Partner
Mumbai: 29th June 2021 Membership No.: 37391
UDIN: 21037391AAAADR7547

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