We have audited the accompanying Statement of standalone financial results of HANMAN FIT
LIMITED ('the Company') for the half year ended and year ended 31st March, 2024 ('the
Statement'), attached herewith, being submitted by the Company pursuant to the requirement of
Regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015,
as amended ('the Regulation').
In our opinion and to the best of our information and according to the explanations given to us,
the statement:
a. is presented in accordance with the requirements of Regulation 33 of the Regulations; and
b. gives a true and fair view in conformity with Accounting Standard 25 "Interim Financial
Reporting", (AS 25") prescribed under Section 133 of the Companies Act, 2013 (the "Act")
read with relevant rules issued thereunder and other accounting principles generally accepted
in India of the net profit and other financial information of the Company for the half year
ended and year ended 31st March, 2024.
We conducted our audit of the Statement in accordance with the Standards on Auditing ("SA"s)
specified under Section 143(10) of 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 ("ICAI") together with the ethical
requirements that are relevant to our audit of the Standalone 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 ICAI's Code of Ethics. We believe
that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our
audit opinion.
Management's Responsibilities for the Standalone Financial Results
This Statement, is the responsibility of the Company's Management and approved by the Board
of Directors, has been compiled on the basis of standalone financial statements for the year ended
31st March, 2024. The Company's Board of Directors are responsible for the preparation and
presentation of the Standalone Financial Results that give a true and fair view of the net profit
and other comprehensive income and other financial information in accordance with the
recognition and measurement principles laid down in AS 25, 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 judgments and estimates that are reasonable and prudent; and the 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 is 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 financial reporting process of the
Company.
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 is 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 this Standalone Financial Results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain
professional skepticism 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 financial controls 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 such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates made by the Board of Directors. 1
• 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 ability of the Company
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 Statement
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 Standalone Financial Results,
including the disclosures, and whether the Standalone Financial Results represent the
underlying transactions and events in a manner that achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the Standalone Financial Results of the
Company to express an opinion on the Standalone 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 Matter
The financial results include the results for the half year ended March 31, 2024 and March 31,
2023 being the balancing figures between audited figures in respect of the full financial year and
the published year to date figures up to the end of the first half of the respective financial year.
Also, the figures up to the end of the first half year have only been reviewed and not subjected to
audit.
Our opinion is not qualified in respect of the above matter.
For B L Dasharda & Associates
Chartered Accountants
Firm Registration Number: 112615W
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CA Sushant Mehta
Partner
Membership Number: 112489
Place: Mumbai
Date : 30th May, 2024
UDIN: 24112489BKANXU7836
1
Evaluate the appropriateness and reasonableness of disclosures made by the Board of
Directors in terms of the requirements specified under Regulation 33 of the Listing
Regulations.
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