“Other Matters
The consolidated Financial Results include the audited Financial Results of subsidiaries, associates and jointly controlled entities, whose Financial Statements/Financial Results/ financial information reflect Group’s share of total assets of Rs. 23792.77 Lacs as on 31.03.2024, Group’s share of total revenue of Rs. 11400.39 Lacs and Rs. 16340.41 Lacs (consolidated revenue for 2024 was ₹163Cr ie total revenue was in subsidiaries) for the period from 01.04.2022 to 31.03.2023 and for the period from 01.04.2023 to 31.03.2024 respectively and Group’s share of total net profit/(loss) after tax of Rs. 216.13 Lacs and Rs.642.75 Lacs for the period from 01.04.2022 to 31.03.2023 and for the period from 01.04.2023 to 31.03.2024 respectively, as considered in the consolidated Financial Results, which have been certified by the management of the Company (in other words, not audited by us). The management representation letter (MRL) regarding financial statements/ Financial Results/financial information of these entities have been furnished to us and our opinion on the consolidated Financial Results, in so far as it relates to the amounts and disclosures included in respect of these entities, is based solely on the MRL and the procedures performed by us are as stated in paragraph above.”
No qualified opinion was given, so one can ignore such things.
Secretarial auditor complaints are self explanatory and seem minor at present.
Credit rating agency was not changed and debt is not cleared so why are they not cooperating should be asked to the management. Most of times they save money by ignoring the agency if new ratings have been given by a different agency.
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