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Samor Reality Ltd.

BSE: 543376 Sector: Infrastructure
NSE: N.A. ISIN Code: INE0GD201014
BSE 00:00 | 04 Jul 62.40 0
(0.00%)
OPEN

62.40

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NSE 05:30 | 01 Jan Samor Reality Ltd
OPEN 62.40
PREVIOUS CLOSE 62.40
VOLUME 6000
52-Week high 82.70
52-Week low 51.55
P/E 240.00
Mkt Cap.(Rs cr) 27
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 62.40
CLOSE 62.40
VOLUME 6000
52-Week high 82.70
52-Week low 51.55
P/E 240.00
Mkt Cap.(Rs cr) 27
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Samor Reality Ltd. (SAMORREALITY) - Auditors Report

Company auditors report

To

The Board of Directors Samor Reality Limited

(Formerly known as Samor Reality)

FO F.401 Shop Atlantis Near Reliance Pump Prahladnagar Road Anandnagar SatelliteAhmedabad - 380015

1. We have examined the attached restated standalone financial information of SamorReality Limited (Formerly known as Samor Reality) (hereinafter referred to as "theCompany") comprising the restated statement of assets and liabilities asat March 31 2021 November 30 2020 March 31 2019 and 2018 restated statement ofprofit and loss and restated cash flow statement for the financial period/year ended onMarch 31 2021 November 30 2020 March 31 2019 and 2018 and the summary statement ofsignificant accounting policies and other explanatory information (collectively referredto as the

"restated standalone financial information" or "restatedstandalone financial statements") annexed to this report and initialed by us foridentification purposes. These Restated Standalone Financial Statements have been preparedby the management of the Company and approved by the board of directors at their meetingin connection with the proposed Initial

Public Offering on SME Platform ("IPO" or "SME IPO")of BSE Limited ("BSE") of the company.

2. These restated summary statements have been prepared in accordance with therequirements of:

(i) Section 26 of Part I of Chapter III of Companies Act 2013 (the "Act")read with Companies (Prospectus and

Allotment of Securities) Rules 2014;

(ii) The Securities and Exchange Board of India (Issue of Capital and DisclosureRequirements) Regulations 2018 ("ICDR

Regulations") and related amendments / clarifications from time to time issuedby the Securities and Exchange Board of India ("SEBI"); (iii) TheGuidance Note on Reports in Company Prospectuses (Revised 2019) issued by the Institute ofChartered

Accountants of India ("Guidance Note")

3. The Company's Board of Directors is responsible for the preparation of the RestatedStandalone Financial Statements for inclusion in the DRHP to be filed with Securities andExchange Board of India ("SEBI") BSE and Registrar of Companies

(Ahmedabad) in connection with the proposed IPO. The Restated Standalone FinancialStatements have been prepared by the management of the Company on the basis of preparationstated in Annexure IV to the Restated Standalone Financial Statements. The responsibilityof the board of directors of the Company includes designing implementing and maintainingadequate internal control relevant to the preparation and presentation of the RestatedStandalone Financial Statements. The board of directors are also responsible foridentifying and ensuring that the Company complies with the Act ICDR Regulations and theGuidance Note.

4. We have examined such Restated Standalone Financial Statements taking intoconsideration:

(i) The terms of reference and terms of our engagement letter requesting us to carryout the assignment in connection with the proposed SME IPO;

(ii) The Guidance Note also requires that we comply with the ethical requirements ofthe Code of Ethics issued by the ICAI;

(iii) Concepts of test checks and materiality to obtain reasonable assurance based onverification of evidence supporting the Restated Standalone Financial Statements;

(iv) The requirements of Section 26 of the Act and the ICDR Regulations. Our work wasperformed solely to assist you in meeting your responsibilities in relation to yourcompliance with the Act the ICDR Regulations and the Guidance Note in connection with theIPO.

5. The Restated Standalone Financial Statements of the Company have been compiled bythe management from:

a. Audited financial statements for the period ended on March 31 2021 & November30 2020; b. Proforma financial statements as at and for the year ended March 31 2020& 2019. The proforma financial statements have been prepared by making adjustments forIndian GAAP as applicable to corporates to the unaudited financial statements for the yearended March 31 2020 and audited financial statements for the year ended March 31 2019which was prepared as per Indian GAAP as applicable to non-corporates and which have beenapproved by the board of directors.

c. Audit for the financial period ended on March 31 2021 was conducted by us. Auditfor the financial period ended November

30 2020 was conducted by M/s. Prince K Dosaliya & Co. and for the financial periodended March 31 2019 was conducted by M/s. Y. T. Pajpara & Co. There are no auditqualifications in the audit reports issued by the statutory and tax auditors for thefinancial period/year ended on November 30 2020 and March 31 2019 which would requireadjustments in the Restated Standalone Financial Statements of the Company. The financialreport included for these period/years is based solely on the report submitted by them.

d. Based on our examination and according to information and explanations given to uswe are of the opinion that the Restated

Standalone Financial Statements:

a) have been prepared after incorporating adjustments for the changes in accountingpolicies material errors and regrouping / reclassifications retrospectively in thefinancial period/year ended on March 31 2021 November 30 2020 and March 31 2020 &2019.

b) do not require any adjustment for modification as there is no modification in theunderlying audit reports; c) there are no extra-ordinary items that need to be disclosedseparately in the accounts and requiring adjustments. d) have been prepared in accordancewith the Act ICDR Regulations and Guidance Note.

e. In accordance with the requirements of the Act including the rules made there underICDR Regulations Guidance Note and engagement letter we report that:

(i) The "restated statement of asset and liabilities" of theCompany as at March 31 2021 November 30 2020 and March 31 2020 & 2019 examined byus as set out in Annexure I to this report read with significant accountingpolicies in Annexure IV has been arrived at after making such adjustments andregroupings to the audited financial statements of the Company as in our opinion wereappropriate and more fully described in notes to the restated summary statements to thisreport.

(ii) The "restated statement of profit and loss" of the Companyfor the financial period/year ended on March 31 2021

November 30 2020 and March 31 2020 & 2019 examined by us as set out in AnnexureII to this report read with significant accounting policies in Annexure IV hasbeen arrived at after making such adjustments and regroupings to the audited financialstatements of the Company as in our opinion were appropriate and more fully described innotes to the restated summary statements to this report.

(iii) The "restated statement of cash flows" of the Company forthe financial period/year ended on March 31 2021

November 30 2020 and March 31 2020 & 2019 examined by us as set out in AnnexureIII to this report read with significant accounting policies in Annexure IV hasbeen arrived at after making such adjustments and regroupings to the audited financialstatements of the Company as in our opinion were appropriate and more fully described innotes to restated summary statements to this report.

f. We have also examined the following other financial information relating to theCompany prepared by the management and as approved by the board of directors of theCompany and annexed to this report relating to the Company for the financial period/yearended on March 31 2021 November 30 2020 and March 31 2020 & 2019 proposed to beincluded in the Draft

Prospectus / Prospectus ("Offer Document").

Annexure to Restated Standalone Financial Statements of the Company:

i) Summary statement of assets and liabilities as restated as appearing in ANNEXURE I;ii) Summary statement of profit and loss as restated as appearing in ANNEXURE II; iii)Summary statement of cash flows as restated as appearing in ANNEXURE III; iv) CorporateInformation Significant accounting policies as restated and Notes to reconciliation ofrestated profits as appearing in ANNEXURE IV; v) Details of share capital as restated asappearing in ANNEXURE V to this report; vi) Details of reserves and surplus as restated asappearing in ANNEXURE VI to this report; vii) Details of deferred tax liabilities (net) asrestated as appearing in ANNEXURE VII to this report; viii) Details of short-termborrowings as restated as appearing in ANNEXURE VIII to this report; ix) Details of tradepayables as restated as appearing in ANNEXURE IX to this report; x) Details of othercurrent liabilities as restated as appearing in ANNEXURE X to this report; xi) Details ofshort-term provisions as restated as appearing in ANNEXURE XI to this report; xii) Detailsof property plant & equipment as restated as appearing in ANNEXURE XII to thisreport; xiii) Details of non-current investments as restated as appearing in ANNEXURE XIIIto this report; xiv) Details of long-term loans and advances as restated as appearing inANNEXURE XIV to this report; xv) Details of inventories as restated as appearing inANNEXURE XV to this report; xvi) Details of trade receivables as restated as appearing inANNEXURE XVI to this report; xvii) Details of cash and cash equivalents as restated asappearing in ANNEXURE XVII to this report; xviii) Details of short-term loans and advancesas restated as appearing in ANNEXURE XVIII to this report; xix) Details of other currentassets as restated as appearing in ANNEXURE XIX to this report; xx) Details of revenuefrom operations as restated as appearing in ANNEXURE XX Ito this report; xxi) Details ofother income as restated as appearing in ANNEXURE XXI Ito this report; xxii) Details ofproject costs as restated as appearing in ANNEXURE XXII to this report; xxiii) Details ofpurchase of stock-in-trade as restated as appearing in ANNEXURE XXIII to this report;xxiv) Details of changes in inventories of stock-in-trade as restated as appearing inANNEXURE XXIX to this report; xxv) Details of employee benefit expenses as restated asappearing in ANNEXURE XXV to this report; xxvi) Details of finance costs as restated asappearing in ANNEXURE XXVI to this report; xxvii) Details of depreciation and amortizationexpense as restated as appearing in ANNEXURE XXVII to this report; xxviii) Details ofother expenses as restated as appearing in ANNEXURE XXVIII to this report; xxix) Detailsof deferred tax expense/(credit) as restated as appearing in ANNEXURE XXIX to this report;xxx) Details of related party transactions as restated as appearing in ANNEXURE XXX tothis report; xxxi) Details of loans guarantee and security provided together with purposein terms of section 186 (4) of the Companies Act 2013 as restated as appearing inANNEXURE XXXI to this report; xxxii) Summary of significant accounting ratios as restatedas appearing in ANNEXURE XXXII to this report xxxiii) Details of Contingent Liabilities& Commitments as restated as appearing in ANNEXURE XXXIII to this report; xxxiv)Statement of tax shelters as restated as appearing in ANNEXURE XXXIV to this report; xxxv)Capitalisation statement as at March 31 2021 as restated as appearing in ANNEXURE XXXV tothis report; g. The report should not in any way be construed as a re-issuance orre-dating of any of the previous audit reports issued by any other firm of CharteredAccountants nor should this report be construed as a new opinion on any of the financialstatements referred to therein.

h. We have no responsibility to update our report for events and circumstancesoccurring after the date of the report.

i. Our report is intended solely for use of the board of directors for inclusion in theoffer document to be filed with SEBI BSE and Registrar of Companies (Ahmedabad) inconnection with the proposed SME IPO. Our report should not be used referred to ordistributed for any other purpose except with our prior consent in writing. Accordinglywe do not accept or assume any liability or any duty of care for any other purpose or toany other person to whom this report is shown or into whose hands it may come without ourprior consent in writing.

For Goyal Goyal & Co. Chartered Accountants FRN - 015069C

(CA Hemant Goyal) Partner Membership No. - 405884

Ahmedabad July 16 2021

(UDIN 21405884AAAAIA1799)

.