We have audited the accompanying standalone financial results of DIKSAT
TRANSWORLD LIMITED for the year ended 31st March 2025 and the year to date
results for the period from 1st April 2024 to 31st March 2025 attached herewith,
being submitted by the company pursuant to the requirement of Regulation 33 of
the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as
amended ("Listing Regulations").
In our opinion and to the best of our information and according to the explanations
given to us these standalone financial results:
i. are presented in accordance with the requirements of Regulation 33 of
the Listing Regulations in this regard;
ii. give a true and fair view in conformity with the recognition and
measurement principles
iii. laid down in the applicable accounting standards and other accounting
principles generally accepted in India of the net profit/loss and other
comprehensive income and other financial information for the year
ended 31st March 2025 (date of the year end) as well as the year to date
results for the period from 1st April 2024 to 31st March 2025
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs)
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 Standalone 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 together with the ethical
requirements that are relevant to our audit of the financial results under the
provisions of the Companies Act, 2013 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 Responsibilities for the Standalone Financial Results
These year financial results as well as the year to date standalone financial results
have been prepared on the basis of the interim financial statements. The
Company's Board of Directors are responsible for the preparation of these
financial results that give a true and fair view of the net profit/loss and other
comprehensive income and other financial information 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 their 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 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 results
that give a true and fair view and are free from material misstatement, whether
due to fraud or error.
In preparing the standalone 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 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 are also responsible for overseeing the Company’s financial
Auditor’s Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the standalone
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 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 results.
As part of an audit in accordance with SAs, we exercise professional judgment and
maintain professional scepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the standalone
financial results, 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, but not
for the purpose of expressing an opinion on the effectiveness of the
company's internal control.
• Evaluate the appropriateness of accounting policies used and the
reasonableness of accounting estimates and related disclosures made by
the Board of Directors.
• Conclude on the appropriateness of the Board of Directors' 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 results 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. 1
Depreciation of Fixed Assets had been provided at 50% of eligible amount
since almost all the fixed assets were underutilized during Financial year
2024-25 due reduced Revenue income.
• During Financial year 2024-25 DIKSAT TRANSWORLD had disinfested its
investment in ADFARM PVT LTD and as per exit agreement a portion of the
transfer value had been paid during Financial Year 2024-25 anf balance is
expected to settled during current Financial Year 2025-26, and in financial
statements the figures had been grouped appropriately.
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
to communicate with them all relationships and other matters that may
safeguards be thought to bear °n our indePendence- and where applicable, related
For D.M.S.Rajan & Associates
Chartered Accountants,
(CA D.Meenakshi Sunder Rajan)
Proprietor
MN: 023698
Place: Chennai
Date: 30.05.2025
UDIN: 25023698BMHXEJ3731
1
Evaluate the overall presentation, structure and content of the standalone
financial results, including the disclosures, and whether the financial
results represent the underlying transactions and events in a manner that
achieves fair presentation.
|