GUJARAT INTRUX LIMITED
Report on the Audit of the Standalone Financial Statements
Opinion
Wehaveauditedthe accompanying standalone financial statements of GUJARAT INTRUX LIMITED ("the Company"), which comprise the Balance Sheet as at 31st March 2024, the statement of Profit and Loss (including other comprehensive income), the statement of changes in equity and statement of Cash Flows for the year then ended, and notes to the financial statements, including a summary of significant accoun ng policies and other explanatory informa on.
In our opinion and to the best of our informa on and according to the explana ons given to us, the aforesaid standalone financial statements give the informa on required by the Companies Act, 2013 ("the Act") in the mannerso required and give a true and fair view in conformity with the Indian Accoun ng Standards prescribed under sec on 133 of the Act read with the Companies (Indian Accoun ng Standards) Rules, 2015 as amended, ("Ind AS") and other accoun ng principles generally accepted in India, of the state of affairs of the Company as at March 31, 2024, the profit and total comprehensive income, changes in equity and its cash flows for the year ended on that date Basis for Opinion
We conducted our audit of standalone financial statements in accordance with the Standards on Audi ng (SAs) specified under sec on 143(10) of the Companies Act, 2013. Our responsibili es under those Standards are further described in the Auditor's Responsibili es for the Audit of the Financial Statements sec on of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Ins tute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibili es in accordance with these requirements and the Code of Ethics. We believe that the audit evidencewe have obtained is sufficient and appropriate to provide a basis for our opinion.
Informa on Other than the Standalone Financial Statements and Auditor's Report Thereon
The Company's Board of Directors is responsible for the other informa on. The other informa on comprises the informa on included in the Director's Report including Annexures to the Director's Report, but does not include the standalone financial statements and our auditor's report thereon.
Our opinion on the standalone financial statements does not cover the other informa on and we do not express any form of assurance conclusion thereon.
In connec on with our audit of the standalone financial statements, our responsibility is to read the other informa on and, in doing so, consider whether the other informa on is materially inconsistent with the standalone financial statements or our knowledge obtained during the course of our audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other informa on; we are required to report that fact. We have nothing to report in this regard
Management's responsibility for the Standalone Financial Statements
The Company's Board of Directors is responsible for the ma ers stated in sec on 134(5) of the Companies Act, 2013 ("the Act") with respect to the prepara on of these standalone financial statements that give a true and fair view of the financial posi on, financial performance, total comprehensive income, changes in equity and cash flows of the Company in accordance with Ind AS and other accoun ng principles generally accepted in India, including the accoun ng Standards specified under sec on 133 of the Act. This responsibility also includes maintenance of adequate accoun ng records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preven ng and detec ng frauds and other irregulari es; selec on and applica on of appropriate accoun ng policies; making judgments and es mates that are reasonable and prudent; and design, implementa on and maintenance of adequate internal financial controls, that were opera ngeffec vely for ensuring the accuracy and completeness of the accoun ng records, relevant to the prepara on and presenta on of the financial statement that give a true and fair view and are free from material misstatement, whether duetofraud or error.
In preparing the standalone financial statements, management is responsible for assessing the Company's ability to con nue as a going concern, disclosing, as applicable, ma ers related to going concern and using the going concern basis of accoun ng unless managementeitherintends to liquidatetheCompany ortocease opera ons, or has no realis calterna ve but to do so.
Those Board of Directors are also responsible for overseeing the Company's financial repor ngprocess.
Auditor's Responsibili es for the Audit of the Financial Statements
Our objec ves are to obtain reasonable assurance about whether the 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 ofusers taken on the basis of these financial statements.
Reporton Other Legal and Regulatory Requirements
As required by the Companies (Auditor's Report) Order, 2020 ("the Order"), issued by the Central Government of India in terms of subsec on (11) of sec on 143 of the Companies Act, 2013, we give in "Annexure A" a statement on the ma ers specified in paragraphs 3 and 4 of the Order, to the extentapplicable.
Asrequired by Sec on 143(3)ofthe Act, wereportthat:
a) We have sought and obtained all the informa on and explana ons which to the best of our knowledge and belief were necessary for thepurposesofouraudit.
b) Inour opinion, properbooks of account as required by law have been kept by the Company so far as it appearsfrom our examina on of those books.
c) The Balance Sheet, the Statement of Profit and Loss including Other Comprehensive Income, Statement of Changes in Equity and the Cash FlowStatement dealt with bythis Report are in agreement with the booksof account.
d) In our opinion, the aforesaid standalone financial statements comply with the Indian Accoun ng Standards specified under Sec on 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.
e) On the basis of the wri en representa ons received from the directors as on 31st March, 2024 taken on record by the Board of Directors, none of the directors is disqualified as on 31st March, 2024 from being appointed as a director in terms of Sec on 164(2) of theAct.
f) With respect to the adequacy of the internal financial controls over financial repor ng of the Company and the opera ng effec veness of such controls, refertoourseparate Reportin "Annexure B".
g) With respect to the other ma ers 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 informa on and according to the explana ons given to us:
i. The Company does not have any pending li ga onswhich would impact its financial posi on.
ii. The Company did not have any long-term contracts including deriva ve contracts for which there were any material foreseeable losses.
iii. There has been no delay in transferring amounts, required to be transferred, to the Investor Educa on and Protec on Fund by the Company.
iv. The Management has represented that, to the best of its knowledge and belief, no funds (which are material either individually or in the aggregate) 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 or en ty, including foreign en ty ("Intermediaries"), with the understanding, whether recorded in wri ng or otherwise, that the Intermediary shall, whether, directly or indirectly lend or invest in other persons or en es iden fied in any manner whatsoever by or on behalf of the Company ("Ul mate Beneficiaries") or provide any guarantee, security or the like on behalf of the Ul mate Beneficiaries;
v. The Management has represented, that, to the best of its knowledge and belief, no funds (which are material either individually or in the aggregate) have been received by the Company from any person or en ty, including foreign en ty ("Funding Par es"), with the understanding, whether recorded in wri ng or otherwise, that the Company shall, whether, directly or indirectly, lend or invest in other persons or en es iden fied in any manner whatsoever by or on behalf of the Funding Party ("Ul mate Beneficiaries") or provide any guarantee, security or the like on behalf of the Ul mate Beneficiaries;
vi. The dividend declared or paid during the year by the Company is in compliance with sec on 123 of the Companies Act, 2013.
vii. The company has used such accoun ng so ware of maintaining its books of account which has feature of recording audit trail (edit log) facility and the same has been operated throughout the year for all transac ons recorded in the so ware and the audit trail feature has not been tempered with and the audit trail has been presented by the company as per the statutory requirementsforecord reten on.
For Parin Patwari & Co
(CA Parin Patwari)
Properitor
Place : Ahmedabad Chartered Accountants
Date : 27th May, 2024 Membership No. 193952
UDIN: 24193952BKAOLC3488 Firm Regn. No. 154571W
Peer Review Certificate No. 015186
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