Page 233 - Index

Mission-Critical Decisions, Made with Confidence.
v. the Company from any person(s) or
entity(ies), including foreign entities
(‘the Funding Parties’), with the
understanding, whether recorded in
writing or otherwise, that the Company
shall, whether directly or indirectly, lend
or invest in other persons or entities
identified in any manner whatsoever
by or on behalf of the Funding Party
(‘Ultimate Beneficiaries’) or provide any
guarantee, security or the like on behalf
of the Ultimate Beneficiaries; and
c. Based on such audit procedures
performed as considered reasonable
and appropriate in the circumstances,
nothing has come to our notice that
has caused us to believe that the
management representations under
sub-clauses (a) and (b) above contain
any material misstatement.
The interim dividend declared and paid
by the Company during the year ended 31
December 2024 is in compliance with section
123 of the Act
The final dividend paid by the Company
during the year ended 31 December 2024
in respect of such dividend declared for the
previous year is in accordance with section
123 of the Act to the extent it applies to
payment of dividend; and
vi. As stated in note 45 to the accompanying
standalone financial statements, the
Board of Directors of the Company have
proposed final dividend for the year ended
31 December 2024 which is subject to the
approval of the members at the ensuing
Annual General Meeting. The dividend
declared is in accordance with section 123 of
the Act to the extent it applies to declaration
of dividend.
Based on our examination which included test
checks, the Company, in respect of financial
years commencing on or after 1 January
2024, has used an accounting and contract
management software for maintaining its
books of account which has a feature of
recording audit trail (edit log) facility and the
same has been operated throughout the year
for all relevant transactions recorded in the
software. Further, during the course of our
audit we did not come across any instance
of audit trail feature being tampered with.
For Walker Chandiok & Co LLP
Chartered Accountants
Firm’s Registration No.: 001076N/N500013
Manish Gujral
Partner
Membership No.: 105117
UDIN: 25105117BMOLIU5646
Place: Mumbai
Date: 10 February 2025
Annual Report 2024
231
Financial Statements