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 22, 2025 - 3:59PM >>  ABB India 6165.9  [ -1.81% ]  ACC 1978.6  [ -1.93% ]  Ambuja Cements 530.25  [ -0.25% ]  Asian Paints Ltd. 2253  [ -0.29% ]  Axis Bank Ltd. 964.7  [ -0.52% ]  Bajaj Auto 8437.45  [ -0.33% ]  Bank of Baroda 226.05  [ -1.55% ]  Bharti Airtel 1630.85  [ 0.30% ]  Bharat Heavy Ele 201.45  [ -3.80% ]  Bharat Petroleum 275.3  [ -1.75% ]  Britannia Ind. 4922  [ 0.35% ]  Cipla 1434.3  [ 0.49% ]  Coal India 376.5  [ -1.31% ]  Colgate Palm. 2757.95  [ 0.95% ]  Dabur India 519.75  [ -0.27% ]  DLF Ltd. 712.35  [ -3.46% ]  Dr. Reddy's Labs 1294.5  [ 0.47% ]  GAIL (India) 173.1  [ -3.81% ]  Grasim Inds. 2384.45  [ 0.65% ]  HCL Technologies 1815.25  [ 0.75% ]  HDFC Bank 1644.4  [ 0.16% ]  Hero MotoCorp 4047.05  [ 0.58% ]  Hindustan Unilever L 2347.95  [ 0.32% ]  Hindalco Indus. 609.25  [ -0.90% ]  ICICI Bank 1196.9  [ 0.07% ]  IDFC L 108  [ -1.77% ]  Indian Hotels Co 765.2  [ 0.66% ]  IndusInd Bank 953.9  [ -0.67% ]  Infosys L 1848  [ 2.68% ]  ITC Ltd. 437.75  [ 0.11% ]  Jindal St & Pwr 884  [ -3.78% ]  Kotak Mahindra Bank 1892.85  [ -0.03% ]  L&T 3505.35  [ -0.87% ]  Lupin Ltd. 2114.85  [ 0.54% ]  Mahi. & Mahi 2833.35  [ 0.42% ]  Maruti Suzuki India 12049  [ 1.40% ]  MTNL 46.98  [ -4.22% ]  Nestle India 2205.6  [ 0.44% ]  NIIT Ltd. 159.15  [ -3.19% ]  NMDC Ltd. 64.71  [ -2.34% ]  NTPC 318.6  [ -1.74% ]  ONGC 262.5  [ -1.22% ]  Punj. NationlBak 96.85  [ -3.44% ]  Power Grid Corpo 297.3  [ -1.65% ]  Reliance Inds. 1271.55  [ -0.11% ]  SBI 745.4  [ -1.79% ]  Vedanta 442.2  [ -2.58% ]  Shipping Corpn. 194.4  [ -3.48% ]  Sun Pharma. 1784.2  [ 1.27% ]  Tata Chemicals 944.85  [ -1.55% ]  Tata Consumer Produc 965  [ -0.79% ]  Tata Motors 737.65  [ -2.93% ]  Tata Steel 127.55  [ -1.62% ]  Tata Power Co. 354.5  [ -3.13% ]  Tata Consultancy 4126.5  [ 2.28% ]  Tech Mahindra 1673  [ 2.00% ]  UltraTech Cement 10742.65  [ 0.72% ]  United Spirits 1447.85  [ 0.72% ]  Wipro 304.9  [ 2.21% ]  Zee Entertainment En 117.35  [ -2.69% ]  

Company Information

Indian Indices

  • Sensex
    76404.99

    + 566.63
    (+ 0.75 %)

  • NSE Index
    23155.35

    + 130.70
    (+ 0.57 %)

  • BSE 100LCTMC
    8564.01

    + 29.28
    (+ 0.34 %)

  • BSE Auto
    50263.12

    -114.68
    (-0.23 %)

  • BSE Bharat22
    8194.96

    -75.02
    (-0.91 %)

  • BSE CPSE
    3556.97

    -58.10
    (-1.61 %)

  • BSE DFRGI
    1365.87

    -0.54
    (-0.04 %)

  • BSE DSI
    963.18

    -0.15
    (-0.02 %)

  • BSE EVI
    864.53

    -6.26
    (-0.72 %)

  • BSE Infra
    571.71

    -8.07
    (-1.39 %)

  • BSE IPO
    14705.99

    -341.27
    (-2.27 %)

  • BSE LVI
    1734.16

    + 9.20
    (+ 0.53 %)

  • BSE Metal
    28490.56

    -199.94
    (-0.70 %)

  • BSE Midcap
    42647.77

    -519.62
    (-1.20 %)

  • BSE Momen
    2019.52

    -34.82
    (-1.69 %)

  • BSE Oil&Gas
    25897.84

    -215.67
    (-0.83 %)

  • BSE PBI
    17326.06

    + 89.10
    (+ 0.52 %)

  • BSE Power
    6508.51

    -103.68
    (-1.57 %)

  • BSE Quality
    1742.74

    + 4.02
    (+ 0.23 %)

  • BSE Realty
    6802.42

    -322.66
    (-4.53 %)

  • BSE Sensex50
    24262.54

    + 142.91
    (+ 0.59 %)

  • BSE Smallcap
    50906.76

    -807.86
    (-1.56 %)

  • BSE SME IPO
    114557.81

    -2128.78
    (-1.82 %)

  • BSE_Bankex
    55166.2

    + 145.28
    (+ 0.26 %)

  • BSE_CDS
    58000.43

    -493.50
    (-0.84 %)

  • BSE_CGS
    63215.31

    -1169.06
    (-1.82 %)

  • BSE_FMCG
    20249.68

    -6.39
    (-0.03 %)

  • BSE_HCS
    42599.64

    + 25.97
    (+ 0.06 %)

  • BSE_IT
    42113.57

    + 777.85
    (+ 1.88 %)

  • BSE_PSU
    18110.33

    -266.23
    (-1.45 %)

  • BSE100ESG
    382.28

    + 2.35
    (+ 0.62 %)

  • BSE150MC
    14763.69

    -181.55
    (-1.21 %)

  • BSE200
    10525.71

    + 7.40
    (+ 0.07 %)

  • BSE200EQUALW
    12052.53

    -92.49
    (-0.76 %)

  • BSE250LMC
    9976.2

    + 2.69
    (+ 0.03 %)

  • BSE250SC
    6496.82

    -99.57
    (-1.51 %)

  • BSE400MSC
    11220.98

    -149.98
    (-1.32 %)

  • BSE500
    33650.82

    -42.65
    (-0.13 %)

  • BSECMINSURAN
    1940.89

    -36.32
    (-1.84 %)

  • BSEDollex30
    7257.4

    + 64.02
    (+ 0.89 %)

  • BSEINTERNECO
    2631.88

    -27.59
    (-1.04 %)

  • BSENAT
    24283.1

    + 78.17
    (+ 0.32 %)

  • BSEPOWENERGY
    3632.61

    -35.99
    (-0.98 %)

  • BSESELECTBG
    4036.82

    + 5.92
    (+ 0.15 %)

  • BSESELIPO
    4386.46

    -91.20
    (-2.04 %)

  • BSESEN606535
    31479.95

    + 101.60
    (+ 0.32 %)

  • BSESENSEX60
    31223.6

    + 154.08
    (+ 0.50 %)

  • BSESENSEXEW
    74634.3

    + 412.35
    (+ 0.56 %)

  • BSESensexN30
    34924.93

    -168.00
    (-0.48 %)

  • BSESensexN50
    76678.77

    -629.82
    (-0.81 %)

  • BSETECk
    19185.88

    + 310.94
    (+ 1.65 %)

  • DOLLEX
    2027.47

    + 4.31
    (+ 0.21 %)

  • Dollex 100
    2906.37

    + 13.46
    (+ 0.47 %)

  • CNX 100
    23738.4

    + 73.65
    (+ 0.31 %)

  • CNX 200
    12897.7

    + 3.80
    (+ 0.03 %)

  • CNX Auto
    22274.35

    -28.85
    (-0.13 %)

  • CNX Bank
    48724.4

    + 153.50
    (+ 0.32 %)

  • CNX Commo
    8018.05

    -38.80
    (-0.48 %)

  • CNX Consum
    10840.05

    -8.25
    (-0.08 %)

  • CNX DOI
    6105.3

    + 13.55
    (+ 0.22 %)

  • CNX Energy
    33805.2

    -503.30
    (-1.47 %)

  • CNX Fin
    22650.4

    + 101.50
    (+ 0.45 %)

  • CNX FMCG
    55596.05

    -26.60
    (-0.05 %)

  • CNX HighBeta
    3396.85

    -45.20
    (-1.31 %)

  • CNX Infra
    8285.55

    -23.95
    (-0.29 %)

  • CNX IT
    42590.7

    + 892.75
    (+ 2.14 %)

  • CNX LVI
    23449.25

    + 86.60
    (+ 0.37 %)

  • CNX Media
    1663.25

    -30.50
    (-1.80 %)

  • CNX Metal
    8470.25

    -61.85
    (-0.72 %)

  • CNX Midcap
    53113.5

    -721.45
    (-1.34 %)

  • CNX MNC
    27164.8

    + 39.45
    (+ 0.15 %)

  • CNX Pharma
    22034.95

    + 152.05
    (+ 0.69 %)

  • CNX PSE
    9181.65

    -145.90
    (-1.56 %)

  • CNX PSU Bank
    6244.6

    -63.55
    (-1.01 %)

  • CNX Realty
    865.05

    -41.35
    (-4.56 %)

  • CNX Shar 500
    7059.9

    -28.75
    (-0.41 %)

  • CNX Smallcap
    17172.55

    -283.95
    (-1.63 %)

  • CNX SSI
    30278.2

    + 277.00
    (+ 0.92 %)

  • CNX500
    21396.55

    -36.65
    (-0.17 %)

  • CPSE
    5992.55

    -92.65
    (-1.52 %)

  • LIX 15
    6250.55

    + 2.75
    (+ 0.04 %)

  • LIX15 Midcap
    13212.6

    -153.45
    (-1.15 %)

  • N500MC502525
    14937.55

    -81.90
    (-0.55 %)

  • N500MOM50
    50009.4

    -562.55
    (-1.11 %)

  • N500MUCIFFTT
    13000.65

    -113.10
    (-0.86 %)

  • N500MUCIMFTT
    14010.2

    -76.15
    (-0.54 %)

  • NI 15
    11718.2

    + 137.35
    (+ 1.19 %)

  • NIF Mobility
    18596.05

    -59.10
    (-0.32 %)

  • NIF100A30
    16859.3

    -85.65
    (-0.51 %)

  • NIF200A30
    23332.6

    -303.80
    (-1.29 %)

  • NIF200MOME30
    29532.2

    -77.50
    (-0.26 %)

  • NIF500LMSECW
    16502.9

    -139.10
    (-0.84 %)

  • NIF500VAL50
    13142

    -111.05
    (-0.84 %)

  • NIFALV30
    25958.4

    + 96.15
    (+ 0.37 %)

  • NIFAQLV30
    21773

    + 18.55
    (+ 0.09 %)

  • NIFAQVLV30
    19730

    + 86.70
    (+ 0.44 %)

  • NIFCOREHOUSE
    14885

    -191.50
    (-1.27 %)

  • NIFEVNAA
    2837.9

    -25.90
    (-0.90 %)

  • NIFFINSEREXB
    24781.8

    -47.40
    (-0.19 %)

  • NIFFS2550
    24409.25

    + 14.15
    (+ 0.06 %)

  • NIFINDIADIGI
    9047.45

    + 17.35
    (+ 0.19 %)

  • NIFINDIAMANU
    13219.05

    -90.80
    (-0.68 %)

  • NIFMC150M50
    57419.35

    -867.65
    (-1.49 %)

  • NIFMC150Q50
    22958.35

    -207.20
    (-0.89 %)

  • NIFMCSELECT
    11918.4

    -94.95
    (-0.79 %)

  • NIFMICCAP250
    23136.35

    -352.30
    (-1.50 %)

  • NIFMIDSMLFS
    15132.15

    -144.65
    (-0.95 %)

  • NIFMIDSMLHC
    41181.35

    -171.85
    (-0.42 %)

  • NIFMIDSMLITT
    10301.35

    -98.25
    (-0.94 %)

  • NIFMSINDCONS
    18547.3

    -229.75
    (-1.22 %)

  • NIFNONCYCSMR
    15094.45

    -35.10
    (-0.23 %)

  • NIFQLV30
    16690.25

    + 120.90
    (+ 0.73 %)

  • NIFSC250Q50
    26452.55

    -396.35
    (-1.48 %)

  • NIFTOP15EW
    9559.8

    + 64.95
    (+ 0.68 %)

  • NIFTOP20EW
    8719.4

    + 49.00
    (+ 0.57 %)

  • NIFTOTALMAR
    12064.65

    -26.90
    (-0.22 %)

  • Nifty CD
    37752.35

    -362.40
    (-0.95 %)

  • Nifty CM
    3668.05

    -54.70
    (-1.47 %)

  • NIFTY DEF
    6134.8

    -220.95
    (-3.48 %)

  • Nifty Health
    14113.5

    + 74.40
    (+ 0.53 %)

  • Nifty IPO
    2006.2

    -48.45
    (-2.36 %)

  • Nifty LMC250
    14934.15

    -69.45
    (-0.46 %)

  • Nifty MCap50
    14774.75

    -188.25
    (-1.26 %)

  • Nifty MSC400
    18482.4

    -257.80
    (-1.38 %)

  • NIFTY OILGAS
    10757

    -77.30
    (-0.71 %)

  • Nifty PBI
    23965.95

    + 96.65
    (+ 0.40 %)

  • Nifty Rural
    13703.95

    -22.20
    (-0.16 %)

  • Nifty SCap50
    8237.35

    -104.60
    (-1.25 %)

  • Nifty TG25
    15619.75

    + 7.90
    (+ 0.05 %)

  • Nifty TL
    20868.65

    -61.65
    (-0.29 %)

  • Nifty100 EWI
    30154

    -109.70
    (-0.36 %)

  • Nifty100LV30
    19038.6

    + 142.50
    (+ 0.75 %)

  • Nifty200Q30
    20085.6

    -35.50
    (-0.18 %)

  • Nifty50 EWI
    28934.15

    + 70.20
    (+ 0.24 %)

  • NIFTY500EW
    13318.95

    -162.85
    (-1.21 %)

  • NiftyAlpha50
    49776.95

    -1086.00
    (-2.14 %)

  • NiftyHousing
    10368

    -77.75
    (-0.74 %)

  • NiftyMCap150
    19696.9

    -249.40
    (-1.25 %)

  • NiftySCap250
    16220.85

    -263.25
    (-1.60 %)

  • NIFTYTOP10EW
    9180.05

    + 72.20
    (+ 0.79 %)

  • NiftyTourism
    8331.55

    -33.45
    (-0.40 %)

  • NMSC400MQ100
    46990.05

    -745.45
    (-1.56 %)

  • NSC250MQ100
    45300.1

    -794.70
    (-1.72 %)

  • NSEMID
    62865.6

    -540.55
    (-0.85 %)

  • NSEQuality30
    5447.85

    + 27.55
    (+ 0.51 %)

  • NV 20
    13112.5

    + 99.45
    (+ 0.76 %)

Global Indices

  • DOW Jones
    44163.16

    + 137.35
    (+ 0.31 %)

  • Nasdaq
    20017.67

    + 260.89
    (+ 1.32 %)

  • S&P 500
    6092.95

    + 43.71
    (+ 0.72 %)

  • Nikkei 225
    39646.25

    + 618.27
    (+ 1.58 %)

  • Hang Seng
    19746.07

    -360.48
    (-1.79 %)

  • Shanghai Composite
    3213.62

    -29.00
    (-0.89 %)

  • Straits Times
    3789.79

    -5.58
    (-0.15 %)

  • FTSE 100
    8562.05

    + 13.76
    (+ 0.16 %)

Forex

  • USDINR 86.5139
    -0.03
    GBPINR 106.1866
    0.46
  • JPYINR 55.6500
    0.41
    EURINR 89.7755
    0.63

KPR MILL LTD.

22 January 2025 | 03:59

Industry >> Textiles - Spinning - Cotton Blended

Select Another Company

ISIN No INE930H01031 BSE Code / NSE Code 532889 / KPRMILL Book Value (Rs.) 136.95 Face Value 1.00
Bookclosure 22/07/2024 52Week High 1194 EPS 23.56 P/E 40.53
Market Cap. 32643.24 Cr. 52Week Low 710 P/BV / Div Yield (%) 6.97 / 0.52 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 

K.P.R. Mill Limited

Report on the Audit of the Standalone Financial Statements

Opinion

We have audited the standalone financial statements of K.P.R. Mill Limited (the "Company") which comprise the standalone balance sheet as at 31 March 2024, and the standalone statement of profit and loss (including other comprehensive income), standalone statement of changes in equity and standalone statement of cash flows for the year then ended, and notes to the standalone financial statements, including material accounting policies and other explanatory information.

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial statements give the information required by the Companies Act, 2013 ("Act") in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at 31 March 2024, and its profit and other comprehensive income, changes in equity and its cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Act. Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the 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 together with the ethical requirements that are relevant to our audit of the standalone financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the 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.

Revenue recognition

See notes 3 and 27 to the standalone financial statements

The key audit matter

How the matter was addressed in our audit

The Company's revenue is derived primarily from sale of goods. Revenue from sale of goods is recognised when control of the products being sold is transferred to the customer and there are no longer any unfulfilled performance obligations. The performance obligations in the contracts are fulfilled at the time of dispatch, delivery or upon formal customer acceptance depending on customer terms.

Inappropriate assessment could lead to risk of revenue being recognized before transfer of control.

In view of the above and since revenue is a key performance indicator of the Company, we have identified timing of revenue recognition from sale of goods as a key audit matter.

In view of the significance of the matter we applied the following audit procedures

in this area, among others to obtain sufficient appropriate audit evidence:

• Assessing the appropriateness of the accounting policy for revenue recognition with relevant accounting standards;

• Evaluating the design and implementation of the Company's key internal financial controls in relation to timing of revenue recognition and tested the operating effectiveness of such controls for selected samples;

• Performing detailed testing by selecting samples of revenue transactions recorded during the year and around the year end date using statistical sampling. We assessed fulfilment of performance obligations during the year by verifying the underlying documents. These documents included contract specifying terms of sale, invoices, goods dispatch notes, customer acceptances, as applicable, and shipping documents;

• Testing, on a sample basis using specified risk based criteria, journal entries affecting revenue recognised during the year to identify unusual items.

Valuation of Inventories

See notes 3 and 9 to the standalone financial statements

The key audit matter

How the matter was addressed in our audit

The Company is an integrated textile manufacturer and the inventory primarily comprises of yarn, fabric and garments. Inventories are valued at lower of cost and net realisable value. The Company maintains its inventory levels based on forecast demand and expected future selling prices. There is a risk of inventories being measured at values which are not representative of the lower of costs and net realisable value ('NRV').

The Company exercises high degree of judgment in assessing the NRV of the inventories on account of estimation of future market and economic conditions. The carrying value of inventories is material in the context of total assets of the Company. We identified the valuation of inventories as a key audit matter.

In view of the significance of the matter we applied the following audit procedures

in this area, among others to obtain sufficient appropriate audit evidence:

• Assessing the appropriateness of the accounting policy for inventories with relevant accounting standards;

• Evaluating the design and implementation of the Company's key internal financial controls over valuation of inventories and testing the operating effectiveness of such controls for selected samples;

• Observing the physical verification of inventory on a sample basis. In this regard, we have considered the physical condition of inventory by way of obsolescence or wear and tear or efflux of time, wherever relevant and applicable, in determining the valuation of such inventory.

• For NRV testing, selecting inventory items, on a sample basis at reporting date and compared their carrying value to their subsequent selling prices as indicated in sales invoices subsequent to the reporting date.

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

The Company's Management and Board of Directors are responsible for the other information. The other information comprises the information included in the Company's directors' report, but does not include the financial statements and 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 the other information is materially inconsistent 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, we conclude 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.

Management's and Board of Directors' Responsibilities for the Standalone Financial Statements

The Company's Management and Board of Directors are responsible for the matters stated in Section 134(5) of the Act with respect to the preparation of these standalone financial statements that give a true and fair view of the state of affairs, profit / loss and other comprehensive income, changes in equity and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Indian Accounting Standards (Ind AS) specified under Section 133 of the Act. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of 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 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 standalone financial statements, the

Management and Board of Directors are 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 the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors is also responsible for overseeing the Company's financial reporting process.

Auditor’s Responsibilities 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 Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements 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 the Management and Board of Directors.

• Conclude on the appropriateness of the Management and Board of Directors use of the going concern basis of accounting in preparation of standalone financial statements 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.

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 standalone 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 Section 143(11) of the Act, we give in the “Annexure A” a statement on the matters specified in paragraphs 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 best of 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 the Company so far as it appears from our examination of those books except for the matters stated in the paragraph 2(B)(f) below on reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014.

c. The standalone balance sheet, the standalone statement of profit and loss (including other comprehensive income), the standalone statement of changes in equity and the standalone statement of cash flows dealt with by this Report are in agreement with the books of account.

d. In our opinion, the aforesaid standalone financial statements comply with the I nd AS specified under Section 133 of the Act.

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

f. the reservation relating to the maintenance of accounts and other matters connected therewith are as stated in the paragraph 2A(b) above on reporting under Section 143(3)(b) and paragraph 2B(f) below on reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014.

g. With respect to the adequacy of the internal financial controls with reference to financial statements of the Company and the operating effectiveness of such controls, refer to our separate Report in “Annexure B”.

B. 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:

a. The Company has disclosed the impact of pending litigations

as at 31 March 2024 on its financial position in its standalone financial statements - Refer note 36 to the standalone financial statements.

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

c. There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company.

d (i) The management has represented that, to the best of its knowledge and belief, as disclosed in the note 50 to the standalone financial statements, no funds 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 entity(ies), including foreign entities (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall directly or indirectly lend or invest in other persons or entities identified in any 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, as disclosed in the note 50 to the standalone financial statements, no funds have been received by the Company from any person(s) or entity(ies), including foreign entities (“Funding Parties”), with the understanding, whether recorded in writing or otherwise, that the Company shall directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Parties (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(iii) Based on the audit procedures performed that have been considered reasonable and appropriate in the circumstances, nothing has come to our notice that has caused us to believe that the representations under sub-clause (i) and (ii) of Rule 11(e), as provided under (i) and (ii) above, contain any material misstatement.

e. The interim dividend declared and paid by the Company during the year and until the date of this audit report is in compliance accordance with Section 123 of the Act.

The final dividend paid by the Company during the year, in respect of the same declared for the previous year, is in accordance with Section 123 of the Act to the extent it applies to payment of dividend.

As stated in note 49 to the standalone financial statements, the Board of Directors of the Company have proposed final dividend for the year which is subject to the approval of the members at the ensuing Annual General Meeting. The dividend declared is in accordance with Section 123 of the Act to the extent it applies to declaration of dividend. f. Based on our examination which included test checks, the Company has used an accounting software for maintaining its books of account, however, the feature of recording audit trail (edit log) facility has not been enabled. Consequently, we are unable to comment on audit trail feature of the said software.

C. With respect to the matter to be included in the Auditor's Report under Section 197(16) of the Act:

In our opinion and according to the information and explanations given to us, the remuneration paid by the Company to its directors during the current year is in accordance with the provisions of Section 197 of the Act. The remuneration paid to any director is not in excess of the limit laid down under Section 197 of the Act. The Ministry of Corporate Affairs has not prescribed other details under Section 197(16) of the Act which are required to be commented upon by us.

For B S R & Co. LLP

Chartered Accountants Firm's Registration No. 101248W/W-100022

K Sudhakar

Partner

Place : Coimbatore Membership No. 214150

Date : 02 May 2024 ICAI UDIN: 24214150BKETAN5313