Page 3 - BALANCE SHEET MGT_001(1)

Standards specified under sectron 133 of the Act Thrs responsibility also rncludes maintenance of adequate
accounttng records rn accordance wrth the provisions of the Act for safeguarding of the assets of lhe
Company and for preventing and detecting frauds and other irregularities: selectton and apphcatron 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 financial statement that give a true and fair view and are free from
material misstatement, whether due to fraud or error
ln preparing the standalone financral statements, management is responsible for assessing the Company's
abrlity to continue as a going concern, disclosing, as applicable, matters related to gorng concern and usrng
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 rs also responsrble for
overseeing the Company's financial reporting process

Auditor's Responsibilities for the Audit of the Standalone Financial Statements
Our ob,iectives are to obtain reasonable assurance about whether the frnancial statements as a whole are
free from material misstatement, whether due to fraud or error, and to rssue an auditor's report that rncludes
our opinion Reasonable assurance rs a hrgh level of assurance. but is not a guarantee that an audit
conducted rn accordance with SAs wrll always detect a material misstatement when rt exists Mrsstatements
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 basrs of these financial
statements

Other Matters
The Company's standalone financial statements do not include any other information than its own Hence
we do not express any opinion on other matters
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor's Report) Order,2016 ("the Order"), issued by the Central
Government of lndia in terms of sub-section (11) of section 143 of the Companies Acl. 20'13, we
give in the "Annexure- A" a statemenl 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 rnformation and explanations which to the best of our
knowledge and belief were necessary for the purposes of our audit
(b) ln our opinion, proper books of account as required by law have been kept by the Company
so far as it appears from our examinalion of those books
(c) The Balance Sheet, the Statement of Profit and Loss. the Cash Flow Statement and the
statement of changes in equrty dealt with by this Report are in agreement with the books of
account
(d) ln our opinion, the aforesaid standalone financial statements comply with the Accounting
Standards specified under Section 133 of the Act, read with Rule 7 of the Companies
(Accounts) Rules, 2014
(e) The requirement of disclosure under section 1U(2) of the Act is not applicable
(0 With respect to the adequacy of the internal financial controls with reference to financial
statements we have to state that as the said clause of section 143 of the Act is not applicable
to this company we have not reported on the matter
(g) With respect to the other matters to be included in the Auditor's Report in accordance wtth
Rule 1't of the Companies (Audit and Audrtors) Rules 2014, in our optnion and to the best of
our informatton and according to the explanations given to us

50ert 5E