Report on the audit of the stand alone financial statement.
Opinion
We have audited the accompanying standalone financialstatementof Bohra IndustriesLimited(The
Company), which comprise the Balance Sheet as at 3 stM arch,2023, the Statementof Profitand Loss,
statementof change in equity and the Cash Flow Statementfor the year ended, and a summary of the
significant a ccounting policies and other explanatory information .
In our opinion and to the best of our information and according to the explanations given to us, the
standalone financial statements give the information required by the Companies Act 2013 (“the Act”) in the
manner so required and give a true and fair view in conformity with the Indian Accounting Standards
prescribed under section B3 of the act read with tdimpCnies (Indian Accounting Standard) Rules 2015,
as amended,(“Ind AS”) and other accounting principles generally accepted in India of the state of affairs of
the company as at March 3, 2023 the Profit and loss, changes in equity and its cash flows: foart h
ended on that date.
Basis of Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section
143(10) of the Companies Act, 2013 (the ‘Act’). Our responsibilities under those Standards are further
described in the Auditor’s Responsibilities for the Audit of the Standalone Financial Results section of our
report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of
Chartered Accountants of Indi a (ICAI) together ethical requirements that are relevant to our audit of
the standalone financial statements under the provisions of the Act and the rules made there under, and we
have fulfilled our other ethical responsibilities in accordance with these requirements Code of
Ethics. We believe the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our opinion.
Other Information
The Company’s Board of Directors is responsible for the other information. Other information comprises
the information included in the Integrated Report; Board’s Report along with its Annexures and Financial
Highlights included in the Company’s Annual Report but does not include the financial statements and our
auditor’s report thereon.
Our opinion on the standalone financial statements does not cover the other information and we do not
express any form of assurance conclusion ther eon.
In connection with our audit of the standalone financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially with the standalone
financial statements, or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If, based on the work we have performed, wactude that there is a material misstatement of
this other information; we are required to report that fact.
We have nothing to report in this regard.
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were ofgmiiictance in our
audit of the financial statements of the current peTiodse matters were addressed the context of our
audit of the financial statements as a whole, and in forming our opinion ohernd we do not provide a
separate opinion n these matter s.
On the facts and circumstances of the Company and the audit, we determine that there are no key Audit
matters to communicat e.
Management’s Responsibility for the stand alone Financial Statements
The Company’s Board of Directors is responsible for the matters stated in Section B4(5) of the Companies
Act, 2013 (“the Act”) with respect to the preparation and presentation of these financial statements that give
a true and fair view of the financial position, financial performance and crash oflcthe Company in
accordance with the accounting principles generally accepted in India, including the Accounting Standards
specified under Section B3 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 204. This
responsibility also includ maintenance of adequate accounting records in accordance with the provisions
of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other
irregularities; selection and application of appropriate accountingppsi making judgments and estimates
that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial
controls, that were operating effectively for ensuring the accuracy and completeness of the accounting
records, relevant to the preparation and presentation of the financial statements that give a true and fair
view and are free from material misstatement, whether due to fraud or error.
Auditors’ Responsibility
Our responsibility is to express an opinion on theaeidi alone Ind AS financial statements based on our
audit. We have taken into account the provision of the act, the accounting and auditing standards and
matters which are required to be included in audit report under the provision of the act and e uleer enad
under. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of
Chartered Accountants of India. Those Standards require that we comply with the ethical requirements and
plan and perform the audit to obtain cenable assurance about whether the financial statements are free
from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in
the stand alone Ind AS financial statements. The pracednlected depend on the auditor’s judgment,
including the assessment of the risks of material misstatement of the
financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers
the internal financial cont relevant to the Company’s preparation and fair presentation of the stand alone
Ind AS financial statements that give a true and fair view in order to design audit procedures that are
appropriate in the circumstances but not for the purpose of expransopgiion on the effectiveness of the
entity’s internal control.
An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of
the accounting estimates made by the Management, as well as evaluating the loveeaentation of the
stand alone Ind AS financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
opinion on the standalone Ind AS financial statements.
Report on Other Legal and Regulatory Requirements
As required by the Companies (Auditor’s Report) Order, 2016 (‘the Order) issued by the Central
Government of India in terms of sub section (I) of section 43 of the Act , we give as givt® in
‘Annexure A’ statement on the matters specified in paragraphs 3 and 4 of the Order,
1 As required by Section 43 (3) of the Act, we report that:
We have sought and obtained all the information and explanations which to the best of our knowledge and
belief were necessary for the purposes of our audit;
a) in our opinion proper books of account as required by law have been kepby the Company so
far as it appears from our examination of those books;
b) the balance sheet, the statement of profit and loss andathe flow statement dealt with by this
Report are in agreement with the books of account;
c) in our opinion, the aforesaid financial statements comply with the standalone Ind AS Accounting
Standards specified under Section B3 of the Act, read with Rulet heoC ompanies (Accounts)
Rules, 204;
d) on the basis of the written representation s received from the directors as on 3ht March, 20 23
taken on record by the Board of Directors, none of the directors is disqualified as on 3kt March,
20 23 from being appointed as a director in terms of Section 64 (2) of the Act;
e) With respect to the other matters to be included in the Auditor’s Report in accordance with the
requirements of section P7(6) of the Act, as amended: In our opinion and to the best of our
informaion and according to the explanations given to us, the remuneration paid by the Company
to its directors during the year is in accordance with the provisions of section P7 of the Act.
f) with respect to the adequacy of the internal financial controls irnercial reporting of the
Company and the operating effectiveness of such controls , refer to our separate report in
‘Annexure B ‘ ; and
g) with respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11
of the Companies (Adit and Auditors) Rules, 204, in our opinion and to the best of our
information and according to the explanations given to us:
h) the Company has disclosed the impact of pending litigation on its financial position in its stand
alone Ind. AS financial statent which would impact its financial position ;
i) the Company did not have any long term contracts including derivative contracts from which there
were any material foreseeable losses ;
j) there are no amounts which are required to be transferred to invocation: and protection fund
For Ajay Paliwal & Co.
Chartered Accountants
(FRN: 012345C)
CA Ajay Paliwal
Proprietor
Membership No. 403290
DATE : 29 -05-2023
PLACE : UDAIPUR
UDIN: 23403290BGXWCB8188
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