Compliance Scope

Audit examined compliance with the following statutory provisions:

  • The Companies Act, 2013 and rules made thereunder
  • The Securities Contracts (Regulation) Act, 1956 and rules made thereunder
  • The Depositories Act, 1996 and Regulations/Bye-laws framed thereunder
  • Foreign Exchange Management Act, 1999 (FDI and ODI aspects)
  • SEBI Regulations including:
  • SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • SEBI (Prohibition of Insider Trading) Regulations, 2015
  • SEBI (Registrars to an Issue and Share Transfer Agents) Regulations, 1993
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
  • SEBI (Depositories and Participants) Regulations, 2018
  • Labor Laws including:
  • Building and Other Construction Workers Rules, 2006
  • Payment of Wages Act, 1936
  • Shops and Establishment Act, 1953
  • Contract Labour Act, 1970
  • Employees Provident Fund Act, 1952
  • Minimum Wages Act, 1948
  • Payment of Bonus Act, 1965
  • Payment of Gratuity Act, 1972
  • Industrial Employment Act, 1946
  • Employees Compensation Act, 1923
  • Employees State Insurance Act, 1948
  • Employees' Deposit Linked Insurance Scheme, 1976
  • Applicable Secretarial Standards issued by ICSI

Audit Opinion

The Company has complied with all statutory provisions listed above during the financial year ended March 31, 2026. The Company has proper Board-processes and compliance-mechanism in place commensurate with its size and operations.

Specific Compliance Notes

  • No events/actions under SEBI (Delisting of Equity Shares) Regulations, 2021
  • No events/actions under SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021
  • No events/actions under SEBI (Buy-back of Securities) Regulations 2018
  • Financial compliance (direct/indirect tax laws, financial records) not reviewed as covered by statutory financial auditors

Board Processes

  • Board duly constituted with proper balance of Executive, Non-Executive and Independent Directors
  • All changes in Board composition complied with Companies Act provisions
  • Adequate notice (7 days advance) with agenda and detailed notes provided for all Board meetings
  • Video Conference/Audio-Visual means used to facilitate remote participation
  • All Board decisions were unanimous with no dissenting views recorded in minutes

Limitations and Qualifications

  • Maintenance of secretarial records is management's responsibility
  • Verification done on test basis to ensure correctness of facts
  • Financial records and Books of Accounts not verified
  • Management Representation Letters obtained where required
  • Examination limited to verification of procedures on test basis
  • Report is not an assurance of future viability or management efficacy