Page 177 - DJML Annual Report 24-25

CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS

and receipt of in-principal approval letter dated in the Financial Statements as required under
December 19, 2024 from BSE& NSELIMITED, India Accounting Standard (Ind 24, Related
approved the issuance of Convertible Warrants Par Disclosure specified Companie (India
on preferential basis. During the quarter and Accounting Standards) Rules 2015 as prescribed
year ended 31st March, 2025. The Company under Section 133 of the Act.
received a aggregate consideratio of 23.46 (xiv)(a)In our opinion and based on our examination,
Crore o 31 December, 2024 toward the company has an internal audit system
25 of the tota consideratio of the
commensurate with the size and nature of its
Warrants
business.
(xi) (a) According to information and explanation given
(b) We have considered the internal audit reports
to us, the records examined by us and based
of the company issued till date, for the period
on examination of the documents provided under audit.
to us. No fraud b the Compa or a fraud
on the Company has been noticed or reported (xv) In our opinion and based on our examination.
during the year, hence sub-clause 3(xi)(a) of the The company has not entered into any non-cash
Companies (Auditors Report) Order, 2020 is not transactions with its directors or persons connected
applicable to the company. with its directors, hence sub-clause 3(xv) of the
Companie (Auditor Repor Order, 2020 no
(b) According to information and explanation given
applicable to the company.
to us, the records examined by us and based
on examination of the documents provided to (xvi)(a) The nature of business and the activities of the
us. No repor under sub-sectio (12 of sectio Company are such that the Company is not
143 of the Companie ha bee filed b required to obta registration under sectio 45-
Form ADT-4 a prescribed under rule 13 of I of the Reserve Ba of India 1934 and
Companie (Aud and Auditor Rules, 2014 hence sub-clause 3(xvi)(a) of the Companies

with the Central Government and hence clause (Auditor Repor Order, 2020 no applicable
3(xi)(b) of the Companies (Auditors Report) to the company
Order 2020 no applicable to the company. (b) The company is not required to be registered
under sectio 45-I of the reserve ba of
(c) According to information and explanation given
to us, the records examined by us and based India Act, 1934 hence clause 3(xvi)(b of the
on examination of the documents provided to Companie (Auditor Repor Order 2020 no
us. No whistle-blower compla have bee applicable to the Company.
received during the year by the company, hence (c) The company is not a Core investment company
sub-clause 3(xi)(c) of the Companies (Auditors (CIC) as defined in the regulation made by
Report) Order, 2020 is not applicable to the registered under section 45-IA of the reserve
company. bank of India Act, 1934 hence clauses 3(xvi)(c)
(xii) The Company is not a Nidhi Company and hence of the Companies (Auditors Report) Order 2020
clauses 3(xii) of the Companies (Auditors Report) is not applicable to the Company.
Order 2020 is not applicable to the Company. (xvii) On an examination of the Statement of Profit

(xiii)In our opinion and according to the information and Loss account, we are of the opinion that the
and explanations give to us, the company is in Company has not incurred cash losses during the
compliance with section 177 and 188 of the current financial year, hence clauses 3(xvii) of the
companies Act, 2013 where applicable, for all Companies (Auditors Report) Order 2020 is not
transactions with the related parties and the details applicable to the Company.
of related party transactions have been disclosed

Annual Report 2024-25 174