Tanla Platforms Limited
Report on the Audit of the Standalone Financial Statementss
Opinion
We have audited the accompanying standalone financial statements of Tanla Platforms Limited ("the Company"), which comprise the Balance Sheet as at March 31, 2026, the Statement of Profit and Loss (including Other Comprehensive Income), the Statement of Changes in Equity, the Statement of Cash Flows for the year then ended and notes to the standalone financial statements, including material accounting policy information and other explanatory information (hereinafter referred to as the "standalone financial statements").
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 ("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 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 as at March 31, 2026, its profit including other comprehensive income, changes in equity and its cash flows for the year ended on that date.
Basis for Opinion
We conducted our audit of the standalone financial statements 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.
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. We have determined the matters described below to be the key audit matters to be communicated in our report.
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Sr. No Key Audit Matter
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How the Key Audit Matter was addressed in our audit
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1 Revenue Recognition:
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Our audit procedures in respect of this area included:
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Refer to the disclosures related to accounting
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1.
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Assessed the Company's revenue recognition accounting
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policy on revenue recognition in Note 2.6 (j) to the
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policies are in compliance with Ind AS 115 - Revenue from
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standalone financial statements.
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Contracts with Customers ("Ind AS 115")
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The Company derives Majority of the Company's revenue from national long distance (NLD)
& international long distance (ILD) Messaging services, Rich Communication Service (RCS) and
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2.
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Understood and evaluated the integrity of the general information and technology control environment and performed test on mitigating manual controls as applicable.
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other services like Voice, email etc. or of similar
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nature service rendered to enterprise customers.
Considering the nature of business in which Company operates, there is complexity of the IT
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3.
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Tested the design, implementation and operating effectiveness of relevant controls in respect of revenue recognition and measurement.
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Systems, significance of volumes of data pro
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4.
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Performed substantive testing on test check basis
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cessed by the IT systems, the impact of changing
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and verified supporting documentation for revenue
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pricing models and inherent risk in relation to ac
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transactions recorded during the year which included
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curacy and completeness of revenue recognition.
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sales invoices, customer contracts and bank statements;
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Hence, due to the above complexities, significant
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apart from that performed analytical procedures.
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volume of data processed through operations in a highly competitive marketplace coupled with the impact of changing pricing models, revenue recognition has been considered as key audit matter.
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5.
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Tested inter se reconciliations between relevant IT system reports and the unbilled and invoice registers; performed verification of revenue recognised, deferred, and unbilled revenue; reconciled unbilled revenue with its ageing; and performed analysis of credit notes to assess their impact on revenue recognition.
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6.
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Assessed disclosures in the standalone financial statements in respect of revenue, as specified in Ind AS 115.
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2 Assessment for Impairment of Investments in
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Our audit procedures include the following:
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Subsidiaries:
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1.
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Assessed the Company's impairment accounting policies
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Refer to the accompanying standalone financial
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are in compliance with Ind AS 36 - Impairment of Assets
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statements for disclosures on the accounting
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("Ind AS 36"
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policy for impairment of investments in Note 2.6 (c) for financial disclosures regarding the carrying
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2.
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Obtained an understanding from the management
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value of investments in subsidiaries.
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with respect to the process and controls followed by the Company to perform impairment test related to
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The Company has non-current investments in unlisted subsidiaries aggregating to Rs.
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investments.
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66,171.49 lakhs as at March 31, 2026 which is
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3.
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Assessed the Company's internal controls over preparation
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71.02% of the total assets of the Company.
We considered the valuation of such investments to be significant to the audit due to the material-
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of annual budgets and future forecasts for the subsidiaries and the approach followed for impairment test and key assumptions applied.
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ity of the investments in the Company's stand-
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4.
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Assessed the appropriateness of the valuation
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alone financial statements and the sensitivity of
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methodology applied and reasonableness of the
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their valuation to various unobservable inputs,
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assumptions used i.e., the discount rate and long-term
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uncertain future cash flows and assumptions that
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growth rates used in the forecast including comparison to
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require significant judgment.
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economic and industry forecasts where appropriate.
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Management assesses annually whether any indicators of impairment exist for each unlisted investment. The determination of the recoverable
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5.
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Assessed the reasonableness of the revenue and margin projections, the historical accuracy of the Company's
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amount of these investments relies on management's estimates of future cash flows and their
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estimates and its ability to produce accurate long-term forecasts.
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judgment regarding the investees' performance.
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6.
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Verified the arithmetical accuracy of the management
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Hence, due to the materiality of the impairment amount in the context of the standalone
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computations.
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financial statements and the significant degree of judgment and subjectivity involved in the estimates and key assumptions used, this is considered to be the area which require significant
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7.
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Assessed and validated the adequacy and appropriateness of the disclosures made by the management in the standalone financial statements.
Reviewed the disclosures with respect to Ind AS 36.
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audit focus and is therefore determined to be a key audit matter.
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8.
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Information Other than the Consolidated Financial Statements 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 Management's Report, Chairman's statement, Director's report, Business Responsibility and Sustainability Reporting but does not include the standalone financial statements and our auditor's report thereon. The Management Report, Chairman's statement, Director's report, Business Responsibility and Sustainability Reporting, which is expected to be made available to us after the date of this auditor's report.
Our opinion on the standalone financial statements does not cover the other information and we do not and will 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 identified above 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.
When we read the Management report, Chairman's statement, Director's report, Business Responsibility and Sustainability Reporting etc., if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance under SA 720 'The Auditor's responsibilities Relating to Other Information
Responsibilities of Management and Board of Directors for the Standalone Financial Statements
The Company's Management and Board of Directors is 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 financial position, financial performance, changes in equity and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Indian Accounting Standards 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 statement 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 Board of Directors of the Company 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 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 Consolidated 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.
We give in "Annexure A" a detailed description of Auditor's responsibilities for Audit of the Standalone Financial Statements.
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 "Annexure B" 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 purposes of our audit of the aforesaid standalone financial statements.
b. In our opinion, proper books of accounts as required by law relating to preparation of the aforesaid standalone financial statements have been kept by the Company so far as it appears from our examination of those books except for the matters stated in paragraph 2(i)(vi) below on reporting under Rule 11(g) of the Companies (Audit & Auditors) Rules, 2014 as amended.
c. The reports on the accounts of the branch offices of the Company audited under Section 143(8) of the Act by branch auditors have been sent to us and have been properly dealt with by us in preparing this report.
d. The Balance Sheet, the Statement of Profit and Loss (including other comprehensive income), the Statement of Changes in Equity and the Statement of Cash Flows dealt with by this Report are in agreement with the books of account maintained for the purpose of preparation of the standalone financial statements.
e. In our opinion, the aforesaid standalone financial statements comply with the Ind AS specified under Section 133 of the Act.
f. On the basis of the written representations received from the directors as on March 31, 2026 taken on record by the Board of Directors, none of the directors are disqualified as on March 31, 2026 from being appointed as a director in terms of Section 164 (2) of the Act.
g. The reservation relating to the maintenance of accounts and other matters connected therewith are as stated in paragraph 2(b) above on reporting under Section 143(3)(b) and paragraph 2(i)(vi) below on reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 as amended.
h. With respect to the adequacy of the internal financial controls with reference to standalone financial statements of the Company and the operating effectiveness of such controls, refer to our separate Report in "Annexure C".
i. 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:
i. The Company does not have any pending litigations which would impact its financial position.
ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.
iii. There has been no delay in transferring amounts, to the Investor Education and Protection Fund by the Company during the year ended March 31, 2026.
iv.
a. The Management has represented that, to the best of it's knowledge and belief, as disclosed in the note 52 (vi) 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.
b. The Management has represented that, to the best of it's knowledge and belief, as disclosed in the note 52 (vi) 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 Party ("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
c. 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 mentioned in 2 (i) (iv) a & b relevant under sub-clause (i) and (ii) of Rule 11(e) contain any material mis-statement.
i. The interim 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.
ii. The interim dividend declared and paid by the Company during the year and until the date of this audit report is in accordance with section 123 of the Act.
iii. The interim dividend declared by the Company during the year is in accordance with section 123 of the Act to the extent it applies to declaration of dividend. However, the said dividend was not paid on the date of this audit report.
vi. Based on examination which included test checks, the Company has used an accounting software for maintaining its books of account (managed and maintained by third-party software service provider) which has a feature of recording audit trail (edit log) facility and the same has been operated throughout the year for all relevant transactions recorded in the software except that we are unable to comment on audit trail at database level due to absence of adequate coverage in SOC-I Type-2 report, as explained in Note 50 to the standalone financial statements.
Further, except for above, audit trail feature has operated throughout the year for all relevant transactions recorded in the accounting software. Also, during the course of audit, we did not come across any instance of audit trail feature being tampered with. Additionally, the audit trail of prior years has been preserved by the Company as per the statutory requirements for record retention to the extent it was enabled and recorded in the respective years
3. In our opinion, according to information, explanations given to us, the remuneration paid or provided by the Company to its directors is within the limits laid prescribed under Section 197 read with Schedule V of the Act.
For M S K A & Associates LLP
(Formerly known as M S K A & Associates)
Chartered Accountants
ICAI Firm Registration No. 105047W/W101187
Mukesh Kumar Pugalia
Partner
Membership No.: 221387
UDIN: 26221387ZWOAYX7550
Place: Hyderabad
Date: April 24, 2026
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