119 Statutory Reports 24 - 109 Financial Statements 110 - 263 Corporate Overview 01 - 23 coverage and procedure of such verification by the Management is appropriate having regard to the size of the Company and the nature of its operations. In respect of inventory lyingwith third parties at the year end, written confirmations have been obtained by the Management and in respect of goods-in-transit, the goods have been received subsequent to the year end. No discrepancies of 10% or more in the aggregate for each class of inventories were noticed on such physical verification of inventories, when compared with the books of account. b) The Company has been sanctioned working capital limits in excess of ` 5 cr, in aggregate, during the year, from banks or financial institutions on the basis of security of current assets. In our opinion and according to the information and explanations given to us, the quarterly returns or statements comprising (stock statements, book debt statements and other stipulated financial information) filed by the Company with such banks or financial institutions are in agreement with the unaudited books of account of the Company of the respective quarters. The Company is yet to submit the return | statement for the quarter ended March 31, 2022, with the banks or financial institutions. 03. The Company has made investments in, granted loans, secured or unsecured, to companies, limited liability partnership or any other parties during the year, in respect of which: a) The Company has provided loans or advances in the nature of loans during the year and details of which are given below: Particular Amount (` cr) A. Aggregate amount granted | provided during the year: - Subsidiary companies 290.23 - Joint operation 94.62 - Others 2.00 B. Balance outstanding as at Balance Sheet date in respect of the above cases: - Subsidiary companies 307.46 - Joint operation 68.28 The Company has not provided any guarantee or security to any other entity during the year. b) The investments made and the terms and conditions of thegrant of all the abovementioned loans during the year are, in our opinion, not prejudicial to the interests of the Company. c) In respect of loans granted by the Company, the schedule of repayment of principal and payment of interest has been stipulated and the repayments of principal amounts and receipts of interest are regular as per stipulation. d) In respect of loans granted by the Company, there is no overdue amount remaining outstanding as at the Balance Sheet date. e) No loans granted by the Company, which has fallen due during the year, has been renewed or extended or fresh loans granted to settle the overdues of existing loans given to the same parties. f) The Company has not granted any loans either repayable on demand or without specifying any terms or period of repayment during the year. Hence, reporting under clause (iii)(f) is not applicable. 04. In our opinion, the Company has complied with the provisions of Sections 185 and 186 of the Companies Act, 2013 in respect of grant of loans granted and investments. 05. The Company has not accepted or is not holding any deposit or amounts, which are deemed to be deposits during the year. In respect of unclaimed deposits, the Company has complied with the provisions of Sections 73 to 76 or any other relevant provisions of the Companies Act, 2013. No order has been passed by the Company Law Board or the National Company Law Tribunal or the Reserve Bank of India or any Court or any other Tribunal against the Company in this regard. 06. The maintenance of cost records has been specified by the Central Government under Section 148(1) of the Companies Act, 2013. We have broadly reviewed the books of account maintained by the Company pursuant to the Companies (Cost Records and Audit ) Rules, 2014, as amended, prescribed by the Central Government under Sub-section (1) of Section 148 of the Companies Act, 2013, and are of the opinion that, the prescribed cost records have been made and maintained by the Company. We have, however, not made a detailed examination of the cost records with a view to determine whether they are accurate or complete.
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