Page 236 - DJML Annual Report 24-25

CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS

We believe that the audit evidence we have obtained is subje to the r tha the interna financia contro over
sufficient and appropriate to provide a basis for our audit financia reporting ma become inadequate because of
opinion on the internal financial controls system over changes in conditions, or that the degree of compliance
financial reporting of the Company and its subsidiary with the policies or procedures may deteriorate.
companies, which are companies incorporated in India.

In our opinion to the best of our information and
according to the explanations given to us, the Company
A company’s internal financial control over financial and its subsidiary companies, which are incorporated in

reporting is a process designed to provide reasonable India, have , in all material respects, an adequate internal
assurance regarding the reliability of financial reporting financial controls system over financial reporting and
and the preparation of financial statements for external such internal financial controls over financial reporting
purposes in accordance with generally accepted were operating effectively as at March 31, 2025, based
accounting principles. on the internal control over financial reporting criteria

A company’s internal financial control over financial established by the respective Company considering the
essential components of internal control stated in the
reporting includes those policies and procedures that:
Guidance Note on Audit of Internal Financial Controls
i. Pertain to the maintenance of records that, in Over Financial Reporting issued by the Institute of
reasonable detail, accurately and fair refle the Chartered Accountants of India.
transactions and dispositions of the assets of the
company;
Our aforesaid reports under Section 143(3)(i) of the
ii. Provide reasonable assurance that transactions
Act on the adequacy and operating effectiveness of
are recorded as necessary to permit preparation of the interna financia contro over financia reporting
financial statements in accordance with generally
in so far as it relates to its subsidiary companies,
accepted accounting principles, and that receipts
incorporated in India is based on the corresponding
and expenditures of the company are being
reports of the auditors of such companies incorporated
made only in accordance with authorizations of in India. Our opinion is not qualified in respect of this
management and directors of the company; and
manner.
iii. Provide reasonable assurance regarding prevention
For and on behalf of
or timely detection of unauthorized acquisition, use,
ADV & Associates
or disposition of the company’s assets that could Chartered Accountants
have a material effect on the financial statements.
FRN: 128045W

Prakash Mandhaniya
Partner
Because of the inherent limitations of internal Membership No.: 421679
financia contro over financia reporting, including
Place: Mumbai
the possibility of collusion or improper management
Date: 29.05.2025
override of controls, material misstatements due to
error or fraud may occur and not be detected. Also, UDIN: 25421679BMTFBT7721
projectio of a evaluation of the interna financia
contro over financia reporting to future period are

Annual Report 2024-25 233