KYC is one time exercise with a SEBI registered intermediary while dealing in securities markets (Broker/ DP/ Mutual Fund etc.). | No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.   |   Prevent unauthorized transactions in your account – Update your mobile numbers / email ids with your stock brokers. Receive information of your transactions directly from exchange on your mobile / email at the EOD | Filing Complaint on SCORES - QUICK & EASY a) Register on SCORES b) Mandatory details for filing complaints on SCORE - Name, PAN, Email, Address and Mob. no. c) Benefits - speedy redressal & Effective communication   |   BSE Prices delayed by 5 minutes... << Prices as on Jan 23, 2025 >>  ABB India 6327.9  [ 0.80% ]  ACC 2045.75  [ 2.37% ]  Ambuja Cements 547.75  [ 1.99% ]  Asian Paints Ltd. 2276.45  [ 0.61% ]  Axis Bank Ltd. 951.65  [ -0.85% ]  Bajaj Auto 8400.2  [ -0.72% ]  Bank of Baroda 229.1  [ 0.28% ]  Bharti Airtel 1636.15  [ 0.28% ]  Bharat Heavy Ele 206.15  [ 0.44% ]  Bharat Petroleum 271.15  [ -2.36% ]  Britannia Ind. 5011.45  [ 1.15% ]  Cipla 1451.15  [ 0.82% ]  Coal India 385.85  [ 1.70% ]  Colgate Palm. 2739.6  [ -1.20% ]  Dabur India 524.15  [ 0.64% ]  DLF Ltd. 715.1  [ 0.19% ]  Dr. Reddy's Labs 1289.35  [ -0.54% ]  GAIL (India) 179.3  [ 1.62% ]  Grasim Inds. 2459.65  [ 3.00% ]  HCL Technologies 1805.85  [ -1.18% ]  HDFC Bank 1664.8  [ -0.02% ]  Hero MotoCorp 4100.7  [ 1.08% ]  Hindustan Unilever L 2322.9  [ -0.86% ]  Hindalco Indus. 607.95  [ -0.94% ]  ICICI Bank 1202.45  [ 0.18% ]  IDFC L 108  [ -1.77% ]  Indian Hotels Co 774.65  [ 0.21% ]  IndusInd Bank 970.9  [ -0.16% ]  Infosys L 1864.8  [ 0.44% ]  ITC Ltd. 440.2  [ 0.72% ]  Jindal St & Pwr 893.1  [ -0.37% ]  Kotak Mahindra Bank 1894.6  [ -1.18% ]  L&T 3503.7  [ -0.37% ]  Lupin Ltd. 2150.2  [ 0.54% ]  Mahi. & Mahi 2885.35  [ 2.03% ]  Maruti Suzuki India 12046.3  [ 0.20% ]  MTNL 47.63  [ -0.06% ]  Nestle India 2195.6  [ -0.55% ]  NIIT Ltd. 167.15  [ 0.91% ]  NMDC Ltd. 68.14  [ 3.78% ]  NTPC 323.65  [ 0.37% ]  ONGC 263.05  [ -0.34% ]  Punj. NationlBak 99.35  [ 1.17% ]  Power Grid Corpo 294.3  [ -1.19% ]  Reliance Inds. 1263.85  [ -1.05% ]  SBI 745.95  [ -0.97% ]  Vedanta 446.4  [ -1.07% ]  Shipping Corpn. 197.35  [ 0.00% ]  Sun Pharma. 1834.05  [ 2.01% ]  Tata Chemicals 974.6  [ 2.14% ]  Tata Consumer Produc 983.25  [ 1.55% ]  Tata Motors 752.55  [ 1.29% ]  Tata Steel 130.5  [ 1.20% ]  Tata Power Co. 362.8  [ 1.13% ]  Tata Consultancy 4145.7  [ -0.20% ]  Tech Mahindra 1712.9  [ 1.75% ]  UltraTech Cement 11422.7  [ 6.81% ]  United Spirits 1500.05  [ 2.87% ]  Wipro 317.65  [ 2.78% ]  Zee Entertainment En 120.65  [ 2.20% ]  

Company Information

Indian Indices

  • Sensex
    76520.38

    + 115.39
    (+ 0.15 %)

  • NSE Index
    23205.35

    + 50.00
    (+ 0.21 %)

  • BSE 100LCTMC
    8593.94

    + 29.93
    (+ 0.35 %)

  • BSE Auto
    50826.43

    + 563.31
    (+ 1.12 %)

  • BSE Bharat22
    8200.04

    + 5.08
    (+ 0.06 %)

  • BSE CPSE
    3572.68

    + 15.71
    (+ 0.44 %)

  • BSE DFRGI
    1368.29

    + 2.42
    (+ 0.18 %)

  • BSE DSI
    967.43

    + 4.25
    (+ 0.44 %)

  • BSE EVI
    866.12

    + 1.59
    (+ 0.18 %)

  • BSE Infra
    573.93

    + 2.22
    (+ 0.39 %)

  • BSE IPO
    14877.07

    + 171.08
    (+ 1.16 %)

  • BSE LVI
    1745.23

    + 11.07
    (+ 0.64 %)

  • BSE Metal
    28683.73

    + 193.17
    (+ 0.68 %)

  • BSE Midcap
    43408.66

    + 760.89
    (+ 1.78 %)

  • BSE Momen
    2052.16

    + 32.64
    (+ 1.62 %)

  • BSE Oil&Gas
    25776.16

    -121.68
    (-0.47 %)

  • BSE PBI
    17279.48

    -46.58
    (-0.27 %)

  • BSE Power
    6513.63

    + 5.12
    (+ 0.08 %)

  • BSE Quality
    1751.08

    + 8.34
    (+ 0.48 %)

  • BSE Realty
    6889.26

    + 86.84
    (+ 1.28 %)

  • BSE Sensex50
    24320.44

    + 57.90
    (+ 0.24 %)

  • BSE Smallcap
    51250.29

    + 343.53
    (+ 0.67 %)

  • BSE SME IPO
    112614.85

    -1942.96
    (-1.70 %)

  • BSE_Bankex
    54951.63

    -214.57
    (-0.39 %)

  • BSE_CDS
    59129.84

    + 1129.41
    (+ 1.95 %)

  • BSE_CGS
    63429.75

    + 214.44
    (+ 0.34 %)

  • BSE_FMCG
    20312.95

    + 63.27
    (+ 0.31 %)

  • BSE_HCS
    43143.59

    + 543.95
    (+ 1.28 %)

  • BSE_IT
    42751.4

    + 637.83
    (+ 1.51 %)

  • BSE_PSU
    18146.71

    + 36.38
    (+ 0.20 %)

  • BSE100ESG
    383.48

    + 1.20
    (+ 0.31 %)

  • BSE150MC
    15027.8

    + 264.11
    (+ 1.79 %)

  • BSE200
    10589.68

    + 63.97
    (+ 0.61 %)

  • BSE200EQUALW
    12191.45

    + 138.92
    (+ 1.15 %)

  • BSE250LMC
    10039.84

    + 63.64
    (+ 0.64 %)

  • BSE250SC
    6547.18

    + 50.36
    (+ 0.78 %)

  • BSE400MSC
    11381.54

    + 160.56
    (+ 1.43 %)

  • BSE500
    33870.03

    + 219.21
    (+ 0.65 %)

  • BSECMINSURAN
    1957.01

    + 16.12
    (+ 0.83 %)

  • BSEDollex30
    7261.43

    + 4.03
    (+ 0.06 %)

  • BSEINTERNECO
    2684.01

    + 52.13
    (+ 1.98 %)

  • BSENAT
    24383.66

    + 100.56
    (+ 0.41 %)

  • BSEPOWENERGY
    3629.23

    -3.38
    (-0.09 %)

  • BSESELECTBG
    4058.77

    + 21.95
    (+ 0.54 %)

  • BSESELIPO
    4437.9

    + 51.44
    (+ 1.17 %)

  • BSESEN606535
    31588.06

    + 108.11
    (+ 0.34 %)

  • BSESENSEX60
    31306.34

    + 82.74
    (+ 0.26 %)

  • BSESENSEXEW
    74965.74

    + 331.44
    (+ 0.44 %)

  • BSESensexN30
    35173.79

    + 248.86
    (+ 0.71 %)

  • BSESensexN50
    77572.27

    + 893.50
    (+ 1.17 %)

  • BSETECk
    19406.2

    + 220.32
    (+ 1.15 %)

  • DOLLEX
    2037.85

    + 10.38
    (+ 0.51 %)

  • Dollex 100
    2915.62

    + 9.27
    (+ 0.32 %)

  • CNX 100
    23823.25

    + 84.85
    (+ 0.35 %)

  • CNX 200
    12976.35

    + 78.65
    (+ 0.60 %)

  • CNX Auto
    22518.95

    + 244.60
    (+ 1.09 %)

  • CNX Bank
    48589

    -135.40
    (-0.27 %)

  • CNX Commo
    8098

    + 79.95
    (+ 0.99 %)

  • CNX Consum
    10942.55

    + 102.50
    (+ 0.94 %)

  • CNX DOI
    6122.65

    + 17.35
    (+ 0.28 %)

  • CNX Energy
    33866.6

    + 61.40
    (+ 0.18 %)

  • CNX Fin
    22625.85

    -24.55
    (-0.10 %)

  • CNX FMCG
    55781.8

    + 185.75
    (+ 0.33 %)

  • CNX HighBeta
    3419.8

    + 22.95
    (+ 0.67 %)

  • CNX Infra
    8314.7

    + 29.15
    (+ 0.35 %)

  • CNX IT
    43351.75

    + 761.05
    (+ 1.78 %)

  • CNX LVI
    23616.65

    + 167.40
    (+ 0.71 %)

  • CNX Media
    1687.25

    + 24.00
    (+ 1.44 %)

  • CNX Metal
    8515.55

    + 45.30
    (+ 0.53 %)

  • CNX Midcap
    54098.85

    + 985.35
    (+ 1.85 %)

  • CNX MNC
    27335.6

    + 170.80
    (+ 0.62 %)

  • CNX Pharma
    22343.3

    + 308.35
    (+ 1.39 %)

  • CNX PSE
    9210.1

    + 28.45
    (+ 0.30 %)

  • CNX PSU Bank
    6238.65

    -5.95
    (-0.09 %)

  • CNX Realty
    873.7

    + 8.65
    (+ 0.99 %)

  • CNX Shar 500
    7149.1

    + 89.20
    (+ 1.26 %)

  • CNX Smallcap
    17364.55

    + 192.00
    (+ 1.11 %)

  • CNX SSI
    30314.25

    + 36.05
    (+ 0.11 %)

  • CNX500
    21538.05

    + 141.50
    (+ 0.66 %)

  • CPSE
    6010.45

    + 17.90
    (+ 0.29 %)

  • LIX 15
    6244.9

    -5.70
    (-0.09 %)

  • LIX15 Midcap
    13515

    + 302.40
    (+ 2.28 %)

  • N500MC502525
    15060.05

    + 122.50
    (+ 0.82 %)

  • N500MOM50
    51412.45

    + 1403.05
    (+ 2.80 %)

  • N500MUCIFFTT
    13054.7

    + 54.05
    (+ 0.41 %)

  • N500MUCIMFTT
    14152.25

    + 142.05
    (+ 1.01 %)

  • NI 15
    11786.3

    + 68.10
    (+ 0.58 %)

  • NIF Mobility
    18801.4

    + 205.35
    (+ 1.10 %)

  • NIF100A30
    17081

    + 221.70
    (+ 1.31 %)

  • NIF200A30
    23768.3

    + 435.70
    (+ 1.86 %)

  • NIF200MOME30
    30231.35

    + 699.15
    (+ 2.36 %)

  • NIF500LMSECW
    16664.4

    + 161.50
    (+ 0.97 %)

  • NIF500VAL50
    13200.8

    + 58.80
    (+ 0.44 %)

  • NIFALV30
    26282.8

    + 324.40
    (+ 1.24 %)

  • NIFAQLV30
    22000.35

    + 227.35
    (+ 1.04 %)

  • NIFAQVLV30
    19875.35

    + 145.35
    (+ 0.73 %)

  • NIFCOREHOUSE
    15293.65

    + 408.65
    (+ 2.74 %)

  • NIFEVNAA
    2867.35

    + 29.45
    (+ 1.03 %)

  • NIFFINSEREXB
    24944.55

    + 162.75
    (+ 0.65 %)

  • NIFFS2550
    24419.35

    + 10.10
    (+ 0.04 %)

  • NIFINDIADIGI
    9239.1

    + 191.65
    (+ 2.11 %)

  • NIFINDIAMANU
    13361.6

    + 142.55
    (+ 1.07 %)

  • NIFMC150M50
    58929.95

    + 1510.60
    (+ 2.63 %)

  • NIFMC150Q50
    23484

    + 525.65
    (+ 2.28 %)

  • NIFMCSELECT
    12177.4

    + 259.00
    (+ 2.17 %)

  • NIFMICCAP250
    23228.5

    + 92.15
    (+ 0.39 %)

  • NIFMIDSMLFS
    15337.6

    + 205.45
    (+ 1.35 %)

  • NIFMIDSMLHC
    41761.65

    + 580.30
    (+ 1.40 %)

  • NIFMIDSMLITT
    10816.2

    + 514.85
    (+ 4.99 %)

  • NIFMSINDCONS
    18839.2

    + 291.90
    (+ 1.57 %)

  • NIFNONCYCSMR
    15263.85

    + 169.40
    (+ 1.12 %)

  • NIFQLV30
    16810.45

    + 120.20
    (+ 0.72 %)

  • NIFSC250Q50
    26669.5

    + 216.95
    (+ 0.82 %)

  • NIFTOP15EW
    9551.35

    -8.45
    (-0.08 %)

  • NIFTOP20EW
    8731.25

    + 11.85
    (+ 0.13 %)

  • NIFTOTALMAR
    12143.2

    + 78.55
    (+ 0.65 %)

  • Nifty CD
    38496.1

    + 743.75
    (+ 1.97 %)

  • Nifty CM
    3716.75

    + 48.70
    (+ 1.32 %)

  • NIFTY DEF
    6208.2

    + 73.40
    (+ 1.19 %)

  • Nifty Health
    14293.9

    + 180.40
    (+ 1.27 %)

  • Nifty IPO
    2021.6

    + 15.40
    (+ 0.76 %)

  • Nifty LMC250
    15092.2

    + 158.05
    (+ 1.05 %)

  • Nifty MCap50
    15008.2

    + 233.45
    (+ 1.58 %)

  • Nifty MSC400
    18747.35

    + 264.95
    (+ 1.43 %)

  • NIFTY OILGAS
    10702

    -55.00
    (-0.51 %)

  • Nifty PBI
    23870.45

    -95.50
    (-0.39 %)

  • Nifty Rural
    13814.65

    + 110.70
    (+ 0.80 %)

  • Nifty SCap50
    8346.1

    + 108.75
    (+ 1.32 %)

  • NIFTY SME
    15772.33

    -25.10
    (-0.15 %)

  • Nifty TG25
    15760.45

    + 140.70
    (+ 0.90 %)

  • Nifty TL
    21159.85

    + 291.20
    (+ 1.39 %)

  • Nifty100 EWI
    30381.5

    + 227.50
    (+ 0.75 %)

  • Nifty100LV30
    19165.05

    + 126.45
    (+ 0.66 %)

  • Nifty200Q30
    20295.8

    + 210.20
    (+ 1.04 %)

  • Nifty50 EWI
    29094.45

    + 160.30
    (+ 0.55 %)

  • NIFTY500EW
    13434.5

    + 115.55
    (+ 0.86 %)

  • NiftyAlpha50
    50411.25

    + 634.30
    (+ 1.27 %)

  • NiftyHousing
    10478.75

    + 110.75
    (+ 1.06 %)

  • NiftyMCap150
    20047.95

    + 351.05
    (+ 1.78 %)

  • NiftySCap250
    16352.8

    + 131.95
    (+ 0.81 %)

  • NIFTYTOP10EW
    9157.6

    -22.45
    (-0.24 %)

  • NiftyTourism
    8436.05

    + 104.50
    (+ 1.25 %)

  • NMSC400MQ100
    48130.75

    + 1140.70
    (+ 2.42 %)

  • NSC250MQ100
    45715.75

    + 415.65
    (+ 0.91 %)

  • NSEMID
    63499.75

    + 634.15
    (+ 1.00 %)

  • NSEQuality30
    5490.7

    + 42.85
    (+ 0.78 %)

  • NV 20
    13132.3

    + 19.80
    (+ 0.15 %)

Global Indices

  • DOW Jones
    44565.07

    + 408.34
    (+ 0.92 %)

  • Nasdaq
    20053.68

    + 44.34
    (+ 0.22 %)

  • S&P 500
    6118.71

    + 32.34
    (+ 0.53 %)

  • Nikkei 225
    40140.39

    + 181.52
    (+ 0.45 %)

  • Hang Seng
    19842.85

    + 142.29
    (+ 0.72 %)

  • Shanghai Composite
    3230.16

    + 16.54
    (+ 0.51 %)

  • Straits Times
    3810.87

    + 4.30
    (+ 0.11 %)

  • FTSE 100
    8558.45

    + 13.32
    (+ 0.16 %)

Forex

  • USDINR 86.5661
    0.06
    GBPINR 106.7031
    0.48
  • JPYINR 55.5200
    -0.23
    EURINR 90.0807
    0.33

KCD INDUSTRIES INDIA LTD.

23 January 2025 | 12:00

Industry >> Construction, Contracting & Engineering

Select Another Company

ISIN No INE185U01035 BSE Code / NSE Code 540696 / KCDGROUP Book Value (Rs.) 15.51 Face Value 1.00
Bookclosure 30/09/2024 52Week High 15 EPS 0.85 P/E 9.90
Market Cap. 23.70 Cr. 52Week Low 7 P/BV / Div Yield (%) 0.54 / 0.00 Market Lot 1.00
Security Type Other

AUDITOR'S REPORT

You can view full text of the latest Director's Report for the company.
Year End :2024-03 

We have audited the accompanying Ind AS Standalone Financial Statements of KCD INDUSTRIES INDIA LIMITED (‘the
Company’), which comprise the balance sheet as at 31st March 2024, the statement of profit and loss (including other
comprehensive income), the cash flow statement and the statement of changes in equity for the year the period
1st April 2023
to 31st March 2024 and notes to the standalone financial statements, including a summary of significant accounting policies
and other explanatory information (hereinafter referred to as “Ind AS Standalone Financial Statements”).

In our opinion and to the best of our information and according to the explanations given to us, aforesaid Ind AS 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 133 of the Act read with the
Companies (Indian Accounting Standards) Rules, 2015, as amended, (“Ind AS”) and other accounting principles generally
accepted in India, of the state of affairs of the Company for the period
1st April 2023 to 31st March 2024, the Loss (including
other comprehensive income), changes in equity and its cash flows for the year ended 31st March, 2024.

Basis for Opinion

We conducted our audit of the Ind AS Standalone Financial Statements in accordance with the Standards on Auditing (SAs)
specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s
Responsibilities for the Audit of the Ind AS Standalone Financial Statements 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 India (ICAI) together with
the independence requirements that are relevant to our audit of the Ind AS Standalone Financial Statements under the provisions
of the Act and the Rules made thereunder, and we have fulfilled our other ethical responsibilities in accordance with these
requirements and the ICAI’s Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate
to provide a basis for our audit opinion on the Ind AS Standalone Financial Statements.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the Standalone
Financial Statements of the current period. These matters were addressed in the context of our audit of the Standalone Financial
Statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

Principal Audit Procedures

Our audit consisted testing of the design and operating effectiveness of the internal controls and substantive testing as follows:

• We evaluated the design of internal controls relating to revenue recognition.

• We selected sample of Sales transactions and tested the operating effectiveness of the internal control relating to revenue
recognition.

• We carried out a combination of procedures involving enquiry and observation, re performance and inspection.

• We have tested sample of Sale transactions to their respective customer contracts, underlying invoices and related
documents.

• We have performed cut-off procedures for sample of revenue transactions at year-end in order to conclude on whether
they were recognized in accordance with Ind-AS 115.

Other Information - Information other than financial statement and Auditor’s Report- thereon

The Company’s Board of Directors is responsible for the other information. The other information comprises the information
included in the Annual report, but does not include the consolidated financial statements, standalone 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 thereon.

In connection with our audit of the standalone financial statements, our responsibility is to read the other information and, in
doing so, consider whether such other information is materially inconsistent with the financial statements, or our knowledge
obtained in the audit or otherwise appears to be materially misstated.

If based on the work we have performed we conclude that there is a material misstatement of this other information, we are
required to communicate the matter to those charged with Governance. We have nothing to report in this regard.

Responsibility of Management for Ind AS Standalone Financial Statements

The Company’s Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the
preparation of these Ind AS Standalone Financial Statements that give a true and fair view of the financial position, financial
performance, total comprehensive income, changes in equity and cash flows of the Company in accordance with the Ind AS
prescribed under section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended, and
other accounting principles generally accepted in India.

This responsibility also includes 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 accounting policies; 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 Ind AS Standalone
Financial Statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Ind AS Standalone Financial Statements, management is responsible for assessing the Company’s ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of
accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative
but to do so.

The Board of Directors are responsible for overseeing the Company’s financial reporting process.

Auditor’s Responsibility for the Audit of the Standalone Financial Statements

Our objectives are to obtain reasonable assurance about whether the Standalone Financial Statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable
assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect
a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually
or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these
Standalone Financial Statements.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout
the audit. We also:

• Identify and assess the risks of material misstatement of the Standalone Financial Statements, whether due to fraud or
error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is
higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations,

or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in
the circumstances. Under section 143(3)(i) of the Companies Act, 2013, we are also responsible for expressing our opinion
on whether the company has adequate internal financial controls system in place and the operating effectiveness of such
controls.

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

• Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit
evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on
the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to
draw attention in our auditor’s report to the related disclosures in the Standalone 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’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Standalone Financial Statements, including the disclosures,
and whether the Standalone Financial Statements represent the underlying transactions and events in a manner that achieves
fair presentation.

• Materiality is the magnitude of misstatements in the standalone financial statements that, individually or in the aggregate,
makes it probable that the economic decisions of a reasonably knowledgeable user of the standalone financial statements
may be influenced.

• We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating
the results of our work, and (ii) to evaluate the effect of any identified misstatements in the standalone financial statements.

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

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

From the matters communicated with those charged with governance, we determine those matters that were of most significance
in the audit of the financial statements of the current period and are therefore the key audit matters. We describe these matters
in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare
circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of
doing so would reasonably be 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, 2020 ("the Order"), issued by the Central Government of India in
terms of sub-section (11) of section 143 of the Act, we give in the ‘Annexure A’ statement on the matters specified in 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 best of 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 the Company so far as it appears from our
examination of those books;

c. The Balance Sheet, the Statement of Profit and Loss Including other comprehensive income, the Cash Flow Statement,
and the statement of change in equity dealt with by this Report are in agreement with the books of account;

d. In our opinion, the aforesaid Ind AS Standalone Financial Statements comply with the Indian Accounting Standards specified under
Section 133 of the Act read with Companies (Indian Accounting Standards) Rules, 2015, as amended.

e. On the basis of the written representations received from the directors as on 31st March, 2024 taken on record by the
Board of Directors, none of the directors is disqualified as on 31st March, 2024 from being appointed as a director in
terms of Section 164 (2) of the Act.

f. With respect to the adequacy of the internal financial controls over financial reporting of the Company and the operating
effectiveness of such controls, refer to our separate Report in
“Annexure B”. Our report expresses an unmodified
opinion on the adequacy and operating effectiveness of the Company’s internal financial controls over financial
reporting.

g. With respect to the other matters to be included in the Auditor's Report in accordance with the requirements of section
197(16) of the Act, as amended in our opinion and to the best of our information and according to the explanations given
to us, no remuneration is paid or provided by the company to its directors during the year.

h. With respect to the other matters to be included in the Auditor's Report in accordance with Rule 11 of the Companies
(Audit and Auditors) Rules 2014, in our opinion and to the best of our information and according to the explanations given to us:

1. The Company has disclosed the impact of pending litigations in its financial position in the Ind AS Standalone Financial
Statements.

2. The Company did not have any long-term contracts including derivatives contracts for which there were any material
foreseeable losses.

3. The company was not required to transfer any amount to Investor Education and Protection Fund during the financial
year.

a) The management has represented that, to the best of its knowledge and belief, no funds (which are material
either individually or in the aggregate) have been advanced or loaned or invested (either from borrowed funds
or share premium or any other sources or kind of funds) by the company to or in any other person(s) or
entities, including foreign entities (“Intermediaries”), with the understanding whether recorded in writing or
not that the intermediary shall whether directly or indirectly lend or invest in other persons or entities
identified in any manner by or on behalf of the company (Ultimate Beneficiaries) or provide any guarantee,
security or the like on behalf of ultimate beneficiaries.

b) The management has represented that, to the best of its knowledge and belief, no funds (which are material
either individually or in the aggregate) have been received by the company from any person(s) or entities
including foreign entities (“Funding Parties”) with the understanding that such company shall whether,
directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on
behalf of the funding party (ultimate beneficiaries) or provide guarantee, security or the like on behalf of the
Ultimate beneficiaries.

c) Based on the audit procedures performed, we report that nothing has come to the notice that has caused us to
believe that the representations given under sub-clause (i) and (ii) by the management contain any material
mis- statement.

d) Based on our examination, which included test checks, the Company has used accounting software for
maintaining its books of account for the financial year ended March 31, 2024 which has a feature of recording
audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions
recorded in the software. Further, during the course of our audit we did not come across any instance of the
audit trail feature being tampered with.

As proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 is applicable from April 1, 2023, reporting
under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 on preservation of audit trail as per the
statutory requirements for record retention is not applicable for the financial year ended March 31, 2024.

4. No dividend has been declared or paid by the Company during the year.

For Rawka & Associates
Chartered Accountants
Firm Regn. No. 021606C
Sd/-

CA Venus Rawka
Partner

Membership no.429040 Date: 30/05/2024

UDIN:24429040BKESFS8252 Place: Indore