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Step Two Corporation Ltd.

BSE: 531509 Sector: Financials
NSE: N.A. ISIN Code: INE623D01015
BSE 14:50 | 03 Feb 18.35 0.35
(1.94%)
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NSE 05:30 | 01 Jan Step Two Corporation Ltd
OPEN 18.90
PREVIOUS CLOSE 18.00
VOLUME 464
52-Week high 25.35
52-Week low 6.78
P/E 49.59
Mkt Cap.(Rs cr) 8
Buy Price 18.35
Buy Qty 2.00
Sell Price 18.35
Sell Qty 237.00
OPEN 18.90
CLOSE 18.00
VOLUME 464
52-Week high 25.35
52-Week low 6.78
P/E 49.59
Mkt Cap.(Rs cr) 8
Buy Price 18.35
Buy Qty 2.00
Sell Price 18.35
Sell Qty 237.00

Step Two Corporation Ltd. (STEPTWOCORP) - Auditors Report

Company auditors report

To

The Members of

STEP TWO CORPORATION LIMITED Report on the Financial Statements

Opinion

We have audited the accompanying standalone financial statements of M/S. STEP TWOCORPORATION LTD which comprise the Balance sheet as at 31st March 2022 the Statement ofProfit and Loss and Cash Flow Statement for the year then ended and a summary ofsignificant accounting policies and other explanatory information.

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 the Actin the manner so required and give a true and fair view in conformity with the accountingprinciples generally accepted in India of the state of affairs of the Company as at 31stMarch 2022 its profit and Cash Flow for the year on that date.

Basis for Opinion

We conducted our audit in accordance with the standards on Auditing (SAs) specifiedunder section 143(10) of the companies Act 2013. Our responsibilities under thosestandards are further described in the Auditor's Responsibilities for the Audit of theFinancial Statements section of our report. We are independent of the company inaccordance with the Code of Ethics issued by the Institute of Chartered Accountants ofIndia together with the ethical requirements that are relevant to our audit of thefinancial statements under the provision of the Companies Act 2013 and the Rulesthereunder and we have fulfilled our other ethical responsibilities in accordance withthose requirements and the Code of Ethics. We believe that the audit evidence we haveobtained is sufficient and appropriate to provide a basis for our opinion.

Key Audit Matters

Key Audit Matters are those matters that in our professional judgment were of mostsignificance of our audit of the financial statements of the current period. These matterswere addressed in the context of our audit of the financial statement as a whole andinforming our opinion thereon and we do not provide a separate opinion on these matters.

Information other than the financial statements and Auditor's report there on

The Company's board of directors are responsible for the preparation of the otherinformation. The other information comprises the information included in the Board'sReport including Annexure to Board's Report. Business Responsibility Report but does notinclude the financial statements and our auditor's report there on.

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

In connection with our audit of the financial statements our responsibility is to readthe other information and in doing so consider whether the other information materiallyinconsistent with the standalone financial statements or our knowledge obtained during thecourse of our 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 and Board of Directors' responsibility for the Financial Statements

The Company's Management and Board of Directors are responsible for the matters statedin Section 134(5) of the Companies Act 2013 (“the Act”) with respect to thepreparation of these financial statements that give a true and fair view of the financialposition financial performance and cash flow of the Company in accordance with theaccounting principles generally accepted in India including the Indian AccountingStandards (Ind AS) specified under Section 133 of the Act. This responsibility alsoincludes maintenance of adequate accounting records in accordance with the provision ofthe Act for safeguarding of the assets of the company and for preventing and detectingfrauds and other irregularities; selection and application of appropriate implementationand maintenance of accounting policies; making judgments and estimates that are reasonableand prudent; and design implementation and maintenance of adequate internal financialcontrols that were operating effectively for ensuring the accuracy and completeness ofthe accounting records relevant to the preparation and presentation of the financialstatements that give a true and fair view and are free from material misstatement whetherdue to fraud or error.

In preparing the financial statements management is responsible for assessing theCompany'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 of to cease operations or has no realisticalternative but to do so.

The Board of Directors are also responsible for overseeing the company's financialreporting process.

Auditor's Responsibilities for the Audit of Financial Statement

Our objective are to obtain reasonable assurance about whether the financial statementas a whole are free from material misstatement whether due to fraud or error and toissue an auditor's report that includes our opinion. Reasonable assurance is a high levelof assurance but is not a guarantee that an audit conducted in accordance with SAs willalways detect a material misstatement when it exists. Misstatements can arise from fraudor error and are considered material if individually or in the aggregate they couldreasonably be expected to influence the economics decision of users taken on the basis ofthese financial statements.

A further description of the auditor's responsibilities for the audit of the financialstatements is included in Annexure A. This description forms part of our auditor's report.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order 2020 (“the Order”)issued by the Central Government of India in terms of sub-section (11) of section 143 ofthe Act we give in the “Annexure B” a statement on the matters specified in theparagraph 3 and 4 of the Order to the extent applicable

2. (A) 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) and Cash Flow Statement dealt with by this Report are in agreement with (he booksof account;

d. in our opinion the aforesaid financial statements comply with the Indian AccountingStandards specified under Section 133 of the Act;

e. on the basis of the written representations received from the directors as on 31stMarch 2022taken on record by the Board of Directors none of the directors is disqualifiedas on 31st March 2022 from being appointed as a director in terms of Section 164 (2) ofthe 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 C'.

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 in our opinionand to the best of our information and according to the explanations given to us:

i. the Company does not have any pending litigations which would impact its financialposition;

ii. the Company did not have any long term contract including derivatives contracts forwhich there were any material foreseeable losses;

iii. there was no amount which is required to be transferred to the Investor Educationand Protection Fund by the Company.

iv. i) the management has represented that to the best of its knowledge and belief

no funds have been advanced or loaned or invested (either from borrowed funds or sharepremium or any other sources or kind of funds) by the company to or in any other personsor entities including foreign entities (“Intermediaries”) with theunderstanding whether recorded in writing or otherwise that the intermediary shallwhether directly or indirectly lend or invest in other persons or entities identified inany manner whatsoever by or on behalf of the company (“Ultimate Beneficiaries”)or provide any guarantee security or the like on behalf of the Ultimate Beneficiaries.

ii) the management has represented that to the best of its knowledge and belief nofunds have been received by the company from any persons or entities including foreignentities (“Funding Parties”) with the understanding whether recorded inwriting or otherwise that the company shall whether directly or indirectly lend orinvest in other persons or entities identified in any manner whatsoever by or on behalf ofthe Funding Party (“Ultimate Beneficiaries”) or provide any guarantee securityor the like on behalf of the Ultimate Beneficiaries;

iii) Based on such audit procedures as considered reasonable and appropriate in thecircumstances nothing has come to our notice that has caused them to believe that therepresentations under clause iv(i) and iv(ii) contain any material misstatement.

v. the company has not declared or paid any dividend during the year. As suchprovisions of section 123 of the Companies Act 2013 are not applicable.

(B) With respect to the matters to be included in the Auditor's Report under Section197(16)

In our opinion and according to the information and explanation given to us theremuneration paid by the companies to its directors during the current year is inaccordance with the provisions of Section 197 of the Act. The remuneration paid todirectors is not in excess of the limit laid down in Section 197 of the Act The Ministryof Corporate Affairs has not prescribed other details under Section 197(16) which arerequired to be commented upon by us.

for B. P. AGARWAL & ASSOCIATES
Chartered Accountants
FRN No. 316155E
Place: Kolkata (Amit Tulsyan)
Date: 27.05.2022 Partner
Membership No. 064210
UDIN: 22064210AJRXVV2802

Annexure ‘A' Responsibilities for Audit of Financial Statement

a. . As part of an audit in accordance with SAs we exercise professional judgment andmaintain

professional skepticism throughout the audit. We also:

i Identify and assess the risks of material misstatement of the financial statementswhether due to fraud or error design and perform audit procedures responsive to thoserisks and obtain audit evidence that is sufficient and appropriate to provide a basis forour opinion. The risk of not detecting a material misstatement resulting from fraud ishigher than for one resulting from error as fraud may involve collusion forgeryintentional omissions misrepresentations or the override of internal control.

ii Obtain an understanding of internal control relevant to the audit in order to designaudit procedures that are appropriate in the circumstances. Under section 143(3)(i) of theCompanies Act 2013 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.

iii Evaluate the appropriateness of accounting policies used and the reasonableness ofaccounting estimates and related disclosures made by management.

iv Conclude on the appropriateness of management's use of the going concern basis ofaccounting and based on the audit evidence obtained whether a material uncerlaintyexists 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 (he 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.

v Evaluate the overall presentation structure and content of the financial statementsincluding the disclosures and whether the financial statements represent the underlyingtransactions and events in a manner that achicves fair presentation.

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

c. . We also provide those charged with governance with a statement that we havecomplied with

relevant ethical requirements regarding independence and to communicate with them ailrelationships and other matters that may reasonably be thought to bear on ourindependence and where applicable related safeguards.

d. 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 arc 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.

For B. P. AGARWAL & ASSOCIATES
Chartered Accountants
FRN No. 316155E
Place: Kolkata (Amit Tulsyan)
Dale: 27.05.2022 Partner
Membership No. 064210
UD1N: 22064210AJRXVV2802

ANNEXURE ‘B' TO THE INDEPENDENT AUDITORS' REPORT

The Annexure referred to in our Independent Auditors' Report to the members of theCompany on

the financial statements for the year ended 31st March 2022 we report that:

i. a. A) The Company has maintained proper records showing full particulars includingquantitative details and situation of Property Plant & Equipment.

B) According to the information and explanation given to us the Company does not haveany Intangible Assets. As such the provisions of this clause are not applicable.

b. According to the information and explanation given to us the Properly Plant andequipments have been physically verified by the management at reasonable intervals. Nomaterial discrepancies were noticed on such physical verification.

c. According to the information and explanations given to us the company does not holdany immoveable properly. As such the provisions of this clause are not applicable.

d. According to the information and explanations given to us and on the basis of ourexamination of the records of the Company the Company has not revalued its Propertyplant and equipment (including Right-of-use assets) or Intangible assets or both duringthe year.

e. According to the information and explanations given to us and on the basis of ourexamination of the records of the Company there are no proceedings initiated or pendingagainst the Company for holding any benami property under the Prohibition of BenamiProperty Transactions Act 1988 and rules made thereunder.

ii. a. According to the information and explanations given to us the Company does nothave any Inventory. As such the provisions of this clause are not applicable.

b. According to the information and explanations given to us and on the basis of ourexamination of the records of the Company the Company has not been sanctioned workingcapital limits in excess of five crore rupees in aggregate from banks on the basis ofsecurity of current assets.

iii. According to the information and explanations given to us and on the basis of ourexamination of the records of the Company the Company has not made any investmentsprovided guarantee or security or granted any advances in the nature of loans secured orunsecured to companies firms limited liability partnerships or any other parties duringthe year. The company has granted loans during the year details of the loan is staled insub-clause (a) below.

a. The Company being a Non-Banking Financial Institute (NBFC) registered underProvisions of RBI Act 1934 its principal business is to give loans. As such theprovisions of clause 3(iii)(a) of the order is not applicable to it.

b. According to the information and explanations given to us and based on the auditprocedures conducted by us we are of the opinion that the terms and conditions of theloans given are prima facie not prejudicial to the interest of the Company.

c. According to the information and explanations given to us and on the basis of ourexamination of the records of the Company in the case of loans given there is nostipulation of repayment of principal and payment of interest as the loans are repayableon demand. So we are unable to comment on the regularity of repayment.

d. According to the information and explanations given to us and on the basis of ourexamination of the records of the Company there is no overdue amount for more than ninetydays in respect of loans given.

e. The Company being a Non-Banking Financial Institute (NBFC) registered underProvisions of RBI Act 1934 its principal business is to give loans. As such theprovisions of clause 3(iii)(e) of the order is not applicable to it.

f. According to the information and explanations given to us and on the basis of ourexamination of the records of the Company the Company has given loans that are repayableon demand.

Particulars All Parties Promoters Related Party
Aggregate amount of Loans/Advances in the nature of Loans - Repayable on Demand Rs. 46981333 Rs. NIL Rs. Nil
Percentage of loans/advances in the nature of Loans to the total Loans 100% 0 0

iv. According to (he information and explanations given to us and on the basis of ourexamination of the records the Company has not given any loans or provided any guaranteeor security as specified under Section 185 of the Companies Act 2013 and the Company hasnot made any investments provided any guarantee or security as specified under Section186 of the Companies Act 2013. Further since its principal business is to give loansprovisions of Section 186 in respect of Loans is not applicable to the company and so notcommented upon.

v. The Company has not accepted any deposits or amounts which are deemed to be depositsfrom the public. Accordingly clause 3(v) of the Order is not applicable.

vi. According to the information and explanations given to us the Central Governmenthas not prescribed the maintenance of cost records under Section 148(1) of the CompaniesAct 2013 for the products manufactured by it (and/ or services provided by it).Accordingly clause 3(vi) of the Order is not applicable.

vii. a. According to the information and explanations given to us and on the basis ofour xamination of the records of the Company amounts deducted/ accrued in the books ofaccount in respect of undisputed statutory dues including Goods and Services Tax ('GST')Provident fund Employees' State Insurance Income-tax Duty of Customs Cess and othermaterial statutory dues have generally been regularly deposited with the appropriateauthorities. There are no undisputed amounts payable in respect of GST Provident fundEmployees' State Insurance Income-tax Duly of Customs Cess and other material statutorydues were in arrears as at 31 March 2022 for a period of more than six months front thedate they became payable.

b. According to the information and explanations given to us there are no dues of GSTProvident fund. Employees' Slate Insurance Income-tax Sales lax Service lax Duty ofCustoms Value added tax Cess or other statutory dues which have not been deposited bythe Company on account of disputes.

vii According to the information and explanations given to us and on the basis of ourexamination of the records of the Company the Company has not surrendered or disclosedany transactions previously unrecorded as income in the books of account in the taxassessments under the Income-tax Act 1961 as income during the year.

ix. a. According to the information and explanations given to us and on the basis ofour examination of the records of the Company the company does not have any loans orborrowings. Accordingly clause 3(ix)(a) of the Order is not applicable.

b. According to the information and explanations given to us and on the basis of ourexamination of the records of the Company the Company has not been declared a wilfuldefaulter by any bank or financial institution or government or government authority.

c. According to the information and explanations given to us by the management theCompany has not obtained any term loans. Accordingly clause 3(ix)(c) of the Order is notapplicable.

d. According to the information and explanations given to us and on an overallexamination of the balance sheet of the Company we report that no funds have been raisedon short-term basis by the Company. Accordingly clause 3(ix)(d) of the Order is notapplicable.

e. According to the information and explanations given to us and on an overallexamination of the financial statements of the Company we report that the Company has nottaken

any funds from any entity or person on account of or to meet the obligations of itssubsidiaries as defined under the Companies Act 2013. Accordingly clause 3(ix)(e) of theOrder is not applicable.

f. According to the information and explanations given to us and procedures performedby us we report that the Company has not raised loans during the year on the pledge ofsecurities held in its subsidiaries as defined under the Companies Act 2013. Accordinglyclause 3(ix)(f) of the Order is not applicable.

x. a. According to the information and explanations given to us and proceduresperformed by us the Company has not raised any moneys by way of initial public offer orfurther public offer (including debt instruments). Accordingly clause 3(x)(a) of theOrder is not applicable.

b. According to the information and explanations given to us and on the basis of ourexamination of the records of the Company the Company has not made any preferentialallotment or private placement of shares or fully or partly convertible debentures duringthe year. Accordingly clause 3(x)(b) of the Order is not applicable.

xi. a. Based on examination of the books and records of the Company and according tothe information and explanations given to us considering the principles of materialityoutlined in Standards on Auditing we report that no fraud by the Company or on theCompany has been noticed or reported during the course of the audit.

b. According to the information and explanations given to us no report undersub-section (12) of Section 143 of the Companies Act 2013 has been filed by the auditorsin Form ADT-4 as prescribed under Rule 13 of Companies (Audit and Auditors) Rules 2014with the Central Government.

c. According to the information and explanations given to us no whistle-blowercomplaints were received during the year. Accordingly clause 3(xi)(c) is not applicable.

xii According to the information and explanations given to us the Company is not aNidhi Company. Accordingly clause 3(xii) of the Order is not applicable.

xiii. In our opinion and according to the information and explanations given to us thetransactions with related parties are in compliance with Sections 177 and 188 of theCompanies Act. 2013 where applicable and the details of the related party transactionshave been disclosed in the standalone financial statements as required by the applicableIndian Accounting Standards.

xiv. a. According to the information given to us the company has an internal auditsystem that commensurate with the size and nature of the organization.

b. The reports of the internal auditors for the period under audit have been consideredby us.

xv. In our opinion and according to the information and explanations given to us theCompany has not entered into any non-cash transactions with its directors or personsconnected to its directors and hence provisions of Section 192 of the Companies Act 2013are not applicable to the Company.

xvi a. The Company is registered under Section 45-IA of the Reserve Bank of India Act1934. vide registration number 05.02614 dated 04.06.1998.

b. According to the information and explanations given to us the company has notconducted any Non-Banking Financial or Housing Finance activities without obtaining avalid CoR from the Reserve Bank of India as per Reserve Bank of India Act 1934.

c. The Company is not a Core Investment Company (CIC) as defined in the regulationsmade by the Reserve Bank of India. Accordingly clause 3(xvi)(c) of the Order is notapplicable.

d. According to the information and explanations provided to us during the course ofaudit the Group does not have any CIC. Accordingly the requirements of clause 3(xvi)(d)are not applicable.

xvii. The Company has not incurred cash losses in the current and in the immediatelypreceding financial year.

xviii. There has been no resignation of the statutory auditors during the year.Accordingly clause 3(xviii) of the Order is not applicable. _

xix„ According to the information and explanations given to us and on the basis ofthe financial ratios ageing and expected dates of realisation of financial assets andpayment of financial liabilities other infonnation accompanying the financial statementsour knowledge of the Board of Directors and management plans and based on our examinationof the evidence supporting the assumptions nothing has come to our attention whichcauses us to believe that any material uncertainty exists as on the dale of the auditreport that the Company is not capable of meeting its liabilities existing at the date ofbalance sheet as and when they fall due within a period of one year from the balance sheetdate. We however state that this is not an assurance as to the future viability of theCompany. We further state that our reporting is based on the facts up to the date of theaudit report and we neither give any guarantee nor any assurance that all liabilitiesfalling due within a period of one year from the balance sheet date will get dischargedby the Company as and when they fall due.

xx. According to the information and explanations given to us the company is notrequired to undertake any Corporate Social Responsibility activities as per section 135 ofthe Companies Act 2013. Accordingly clause 3(xx)(a) and clause 3(xx)(b) are notapplicable.

xxi. The reporting under clause 3(xxi) of the order is not applicable in respect ofaudit of standalone financial statements. Accordingly no comment in respect of the saidclause has been included in the report.

For B. P. AGARWAL & ASSOCIATES
Chartered Accountants
FRN No. 316155E
Place: Kolkata (Amit Tulsyan)
Date : 27.05.2022 Partner
Membership No. 064210
UD1N: 22064210AJRXVV2802

ANNEXURE 'C' TO THE INDEPENDENT AUDITORS' REPORT

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 ofSection 143 of the Companies Act 2013 (“the Act”)

We have audited the internal financial controls over financial reporting of Step TwoCorporation Ltd. (“the Company”) as of March 31 2022 in conjunction with ouraudit of the standalone financial statements of the Company for the year ended on thatdate.

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 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 infonnation 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 Standards on Auditing prescribed under Section 143(10) of the Act and theGuidance Note on Audit of Internal Financial Controls Over Financial Reporting (the“Guidance Note”) to the extent applicable to an audit of internal financialcontrols Those Standards and the Guidance Note require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whetheradequate internal financial controls over financial reporting was established andmaintained and if such controls operated effectively in all material 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 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 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 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 detail 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 authorizations ofmanagement and directors of the company; and (3) provide reasonable assurance regardingprevention or timely detection of unauthorized 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 delected.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 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

For B. P. AGARWAL & ASSOCIATES
Chartered Accountants
FRN No. 316155E
Place : Kolkata (Amit Tulsyan)
Date: 27.05.2022 Partner
Membership No. 064210
UDIN: 22064210AJRXVV2802

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