Audit Opinion Details
The company declares that the Independent Auditor's Report issued by its Statutory Auditors, VRSK & Associates, Chartered Accountants, on the Standalone Audited Financial Results contains an unmodified opinion. However, the report includes two specific exceptions:
- The company did not maintain accounting software with the feature of recording an audit trail for each transaction, including creation and edit logs with timestamps for all changes made in the books of accounts, as required by the proviso to rule 3(1) of the Companies (Accounts) Rules, 2014. The software also lacked the feature ensuring that the audit trail cannot be disabled.
- The Standalone Financial Statements do not comply with the Indian Accounting Standards specified under section 133 of the Companies Act.