We have audited the accompanying quarterly financial results or DllLJNU BUILDCOIN iinm-ca
LIMITED (“the Company”) for the quarter ended on March 3L 2025 and year to date financial
results for the period from 1st April 2024 to 31st March, 2025 attached herewith, being submitted
by the company pursuant to the requirement of the Regulations 33 of the SEB1 (Listing Obligation
and Disclosure Requirements) Regulations, 2015, as amended (“the Listing Regulations”).
In our opinion and to the best of our information and according to the explanations given to us these
quarterly Financial Results as well as the year to date results:
i. are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing
obligation and disclosure Requirements) Regulations, 2015, as amended in this regards;
and
ii. gives a true and fair view in conformity with the aforesaid Accounting Standards and other
accounting principles generally accepted in India of the net loss, and other comprehensive
income and other financial information of the Company for the quarter ended on March
31, 2025 as well as the year-to-date results for the period 1st April 2024 to 31st March,
2025.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing specified under
Section 143(10) of the Companies Act, 2013 (the Act).
Our responsibilities under those standards are further described in the Auditor’s
Responsibilities for the Audit of the Financial Results 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 (TCAP) together with the ethical requirements that are
relevant to our audit of the financial Results 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.
Management’s Responsibility for the Ind AS Financial Results
This Statement, which is the responsibility of the Company’s Management and approved
by the Board of Directors, has been prepared on the basis of interim financial statements.
The Company’s Board of Director are responsible for the preparation and presentation of
these financial results that give a true and fair view of the net loss and other comprehensive
income and other financial information of the company in accordance with the recognition
and measurement principles laid down in Indian Accounting Standard 34, 'Interim
Financial Reporting’ prescribed under section 133 of the Act read with relevant rules issued
thereunder and other accounting principles generally accepted in India and in compliance
with Regulation 33 of the Listing Regulations.
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 judgement and estimates that are reasonable and
prudent; design, implementation and maintenance of adequate internal financial control,
that are operating effectively for ensuring the accuracy and completeness of the accounting
records, relevant to the preparation and presentation of the financial results Ind AS that
give a true and fair view and are free from material misstatement, whether due to fraud or
error.
In preparing the financial results, the 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 Board of Directors
either intends to liquidate the Company or to cease operations, or has no realistic alternative
but to do so.
Those Board of Directors are also responsible for overseeing the Company’s financial
reporting process.
Auditor’s Responsibility for the Audit of the Financial Results
Our objectives are to obtain reasonable assurance about whether the financial results 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 Standards on
Auditing 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 financial results.
As part of an audit in accordance with Standards on Auditing, we exercise professional
judgment and maintain professional skepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the financial statements, whether
due to fraud or error, design and perforin 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 financial controls 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 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 Board of Directors.
• 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 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 financial statements,
including the disclosures, and whether the financial statements represent the underlying
transactions and events in a manner that achieves fair presentation.
Materiality is the magnitude of misstatements in the financial results that, individually or
in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable
user of the financial results 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 (i) to evaluate the effect of any identified misstatements in the financial
results.
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.
Other Matters
The Statements includes the results for the quarter ended March 31, 2025 being the
balancing figure between the audited figures in respect of the full financial year and the
published unaudited year to date figures up to the third quarter of the current financial year
which were subject to limited review by us.
For Subramaniam Bengali <& Associates
Chartered Accountants
_ Firm's Registration No.: 127499W
uSjjjy mumbai jRyqiy ^7
M/ M. No. 045117 s Q h
Place: Mumbai^
Date: 3o| osl —^Mem No: 045117
^ UDINNo.: 2.S-OhS)^BrOXP^T2.S2.^
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