We have audited the accompanying standalone annual
financial results ('the Statement') of JOINDRE CAPITAL
SERVICES LIMITED ("the Company"), for the quarter and
year ended 31st March, 2025, attached herewith, being
submitted by the Company pursuant to the requirements
of Regulation 33 of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (as amended) ('Listing Regulations'),
including relevant circulars issued by the SEBI from time
to time.
In our opinion and to the best of our information and
according to the explanations given to us, the aforesaid
standalone annual financial results:
I. are presented in accordance with the requirements of
Regulation 33 of the listing regulations in this regard; and
II. Give the information required by the Companies Act,
2013 ("the Act") in the manner so required and give
a true and fair view in conformity with the Indian
Accounting Standards ('Ind AS') as prescribed under
section 133 of the Act, read with rule 7 of the
Companies (Accounts) Rules, 2014 and other accounting
principles generally accepted in India, of the standalone
net profit after tax and other comprehensive income
and other financial information of the Company for the
year ended 31st March, 2025.
Basis for Opinion
We conducted our audit of the standalone financial results
in accordance with the Standards on Auditing 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 independence requirements that are relevant to our
audit of the standalone financial results under the provisions
of the Act and the Rules made 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 we have obtained is sufficient
and appropriate to provide a basis for our audit opinion on
the standalone financial results.
Responsibility of Management and Board of Directors'
for the Standalone Financial Results
These standalone annual financial results have been prepared
on the basis of the standalone annual financial statements.
The Company's Board of Directors is responsible for the
matters stated in section 134(5) of the Act with respect to
the preparation of these standalone financial results that
give a true and fair view of the financial position, financial
performance and cash flows of the Company in accordance
with accounting principles generally accepted in India,
including the Accounting Standards specified under section
133 of the Act. 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 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, management
is 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 management 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 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 Standards on
Auditing, we exercise professional judgement 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. 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 management.
• 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.
• 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 standalone 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.
• 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.
Materiality is the magnitude of misstatements in the Standalone
Financial Results that, individually or in aggregate, makes
it probable that the economic decisions of a reasonably
knowledgeable user of the Standalone 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 (ii) to
evaluate the effect of any identified misstatements in 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
result 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 standalone annual financial results include the results
for the quarter ended 31 March 2025 being the balancing
figure between the audited figures in respect of the full
financial year and the published audited year to date
figures up to the third quarter of the current financial year.
For BANSHI JAIN & ASSOCIATES
Chartered Accountants
(Firm's Registration No.: 100990W)
PARAG JAIN
Partner
Place : Mumbai Membership No: 078548
Date : 30.05.2025 UDIN : 25078548BMIJBB6786
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