Interim report
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SURYA ROSHNI LIMITED An IS/ISO 9001, An IS/ISO 14001 & IS: 18001 Company CIN -L31501HR1973PLC 007543 I Padma Tower-1, Rajendra Place, New Delhi-110 008 Ph.: +91-11-47108000 E-mail: cs@surya.in Website : www.surya.co .in SRL/se/yks/24-25/31 February 06, 2025 The Secretary The Stock Exchange, Mumbai MUMBAI - 400 001 Scrip Code: 500336 Dear Sirs, The Manager (Listing Department) The National stock Exchange of India Ltd Mumbai - 400 051 NSE Symbol: SURY AROSNI Integrated Filing (Financials) for the for the Quarter and nine months ended 31st December, 2024 Pursuant to the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024 /185 dated 31st December, 2024 read with BSE Circular No.20250102-1 and NSE Circular No. NSE/CMU2025 /02 dated 2nd January, 2025, please find enclosed herewith the Integrated Filing (Financials) for the quarter ended 31st December, 2024. a) The Unaudited Financial Results of the Company, both Standalone and Consolidated, for the quarter and nine months ended 31st December, 2024, approved by the Board of Directors of the Company at its meeting held today i.e. on 6th February, 2025 (Annexure-1). b) Statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institution s placement, etc.: Not Applicable c) Format for disclosing outstanding default on loans and debt securities: Nil as there is no default in the payment of outstanding Loans/revolving facilities, debt securities The above information is also available on the website of the Company at www.surya .co.in. The meeting commenced at 2.30 p.m. and concluded at .~/?.: .C!.7.. ... p.m. Thanking you, Yours faithfully, for SURYA ROSHNI LIMITED B. B. SINGAL CFO & Company Secretary Encl: as above • Regd. Office : Prakash Nagar, Sankhol, Bahadurgarh, Haryana - 124507
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SURYA ROSHNI LIMITED CIN - L31501HR1973PLC007543 Register ed Office : Prakash Nagar , Sankhol , Bahadu rgarh , Haryan a - 124507 Corporate Office : 2nd Floor, Padma Tower-I , Rajendra Place , New Delh i - 110008, Tel. +91-1147108000 Website : www.surya.co.in, email-id : investorgrievances@sroshn i.com Statement of Standalone Unaudited Financial Results for the Quarter and Nine Month ended 31st December, 2024 (Rs. in Lakhs, exceot EPS Particulars Quarter ended Nine Month ended Year ended 31.12.2024 30.09.2024 31.12.2023 31.12.2024 31.12.2023 31.03.2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) I Revenue from Operations 1,86,777 1,52,872 1,93,751 5.28,957 5,72,814 7,80,852 II Other Income 590 896 373 2,246 691 1,378 Ill Total income 11+111 1,87,367 1,53 768 1,94,124 531 ,203 5,73,505 7,82,230 IV Expenses Cost of materials consumed 1,25, 196 1,06, 162 1,40,907 3,59,847 4, 16,088 5,60,634 Purchases of stock-in-trade 12,799 11,843 14,194 37,448 35,590 48,631 Changes in inventories of finished goods. stock-in- 3,911 1,086 (5,080) 7,743 (4,179) (1,826) trade and work-in-progress Employee benefits expense 11,017 10,110 10,645 31,957 30,159 40,983 Finance costs 457 644 728 1,590 2,005 2,405 Depreciation and amortisation expense 3,032 3,090 3,008 9,160 8,785 11,727 Other exoenses 18,888 16,047 17,628 54,285 54,528 75,216 Total expenses (IV) 1,75,300 1,48,982 1,82,030 5,02,030 5,42,976 7,37,770 V Profit before exceotional items and tax 1111-IVl 12,067 4,786 12,094 29,173 30,529 44,460 VI Exceptional items . . . . . . VII Profit before tax IV-Vil 12,067 4,786 12,094 29,173 30,529 44,460 VIII Tax expense (1) Current tax 3,388 1,521 3,395 8,361 8,881 12,678 !2l Deferred tax (308 (341 (304' (1 ,0221 (850 (1,104' IX Profit for the oeriod 8,987 3,606 9,003 21 834 22 498 32 886 X Other Comprehensive income A (i) Items that will not be reclassified to profit or loss - Remeasurement of post employment benefit (7) (8) (8) (35) (23) (174) obligation A (ii) Income tax relating to items that will not be 2 2 3 9 6 43 reclassified to profit or loss B (i) Items that will be reclassified to profit or loss . . . . . B (ii) Income tax relating to items that will be . . . . . . reclassified to profit or loss Total other comorehensive income /XI (5) {6) {5) /261 (17 (131) XI Total Comprehensive income for the period 8,982 3,600 8,998 21,808 22,481 32,755 [(IX+XI Paid-up equity share capital 5,438 5,435 5,407 5,438 5,407 5,424 (Face Value of Rs. 5/- each) XII Other Equity 2,10,921 XIII Earnings per equity share (of Rs. 5/- each) (not annualised) : (a) Basic 4.13 1.66 4.17 10.05 10.44 15.24 (b) Diluted 4.13 1.65 4.14 10.03 10.34 15.11 Notes on Standalone Financial Results 1 The above financials results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 06th February, 2025. The statutory auditors of the company have given an unmodified limited review report on these financial results, pursuant to Regulation 33 of SEBl(Listing Obligations and Dtselosure Requirements) Regulations. 201 s. 2 During the quarter ended 31st December, 2024, 65,974 ( cumulative up to 31st December, 2024, 17,25,886) Stock Options were exercised under the SRL Employees Stock Option Scheme- 2018 and SRL Employees Stock Option Scheme -2021 and consequent upon equal number of Equity Shares of Rs. 5/- each were transferred to respective employees from Surya Roshni Employees Welfare Trust. As on 31st December. 2024, 53,834 Equity shares of Rs. 5/- each (post-split), after considering transfer/secondary market sale of 24, 19,566 equity shares of Rs. 5/- each, have been considered as Treasury Shares and shown as deduction from Equity, in accordance with Ind AS 32' Financial Instruments Presentation'. 3 The company has issued 10,88, 17,948 equity shares of Rs.5/- each as fully paid bonus shares in the ratio of one equity shares of Rs.5/- each for every one equity shares held on record date of January 01, 2025. This has been considered for calculating weighted average number of equity shares for all comparative periods presented as per Ind AS 33. In line with the above. EPS (basic and diluted) have been adjusted for all periods presented. EPS without adjusting for bonus share would have been as under : Particulars Quarter ended Nine Month ended Year ended 31 .12.2024 30.09.2024 31.12.2023 31.12.2024 31.12.2023 31.03.2024 Earnings per equity share before Bonus share Basic (in Rs.) 8.26 3.32 8.33 20.1( 20.87 30.48 Diluted {in Rs.) 8.26 3.31 8.27 20.0€ 20.67 I 30.22 ,b-__.\.~~--l:'.:t1f/ .. Vlnay Surya RajuB ~ Place : New Delhi (Managing Director) (Managing Director) Dated : 06th February, 2025 DIN: 00515803 DIN: 01299297
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SURYA ROSH NI LIMITED CIN - L31501HR1973PLC00754 3 Registered Office : Prakash Nagar, Sankhol, Bahadurgarh, Haryana - 124507 Corporate Office: 2nd Floor, Padma Tower-I , Rajendra Place, New Delhi - 110008, Tel. +91-11-47108000 Website: www.surya.co.in, email-id : investorgri evances@sroshni.com Standalone Segment wise Revenue, Results , Assets and Liabilities for the Quarter and Nine Month ended 31st December, 2024 (Rs. in Lakhsl Particulars Quarter ended Nine Month ended Year ended 31.12.2024 30.09.2024 31.12.2023 31.12.2024 31.12.2023 31.03.2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment Revenue (a) Steel Pipe & Strips 1.41.714 1. 13.463 1,53,570 4.06.063 4,57,720 6,24,178 l(b) Lighting & Consumer Durables 45,130 39,531 40,285 1,23,179 1,15,366 1,57,119 Total 1,86,844 1,52,994 1,93,855 5,29,242 5,73,086 7,81,297 Less: Inter-Segment Revenue 67 122 104 285 272 445 Sales / income from ooeratlons 1 86 777 152872 1 93.751 5 28 957 5,72 814 7 80 852 2 Segment Results Profit(+}/Loss(-} before tax and Finance cost (a} Steel Pipe & Strips 8,905 2,493 9,839 21 ,533 24,090 34,727 l(b) Lighting & Consumer Durables 3,619 2,937 2,983 9,230 8,444 12,138 Total 12,524 5,430 12,822 30,763 32,534 46,865 Less: (1} Finance Cost 457 644 728 1,590 2,005 2,405 1(2) Other un-allocable expenditure/ Income - - - - - - Total Profit before Tax 12,067 4,786 12,094 29,173 30,529 44,460 3 Segment Assets (a} Steel Pipe & Strips 2,07,066 1,96,120 2,02,240 2,07,066 2,02,240 1,98,547 (b} Lighting & Consumer Durables 1,02,236 1,00,765 88,508 1,02,236 88,508 93,323 (c} Unallocated Assets 612 33 44 612 44 - Tota l 3,09,914 2,96,918 2,90,792 3,09,914 2,90,792 2,91,870 4 Segment Liabilities (a) Steel Pipe & Strips 31,260 23,805 19,812 31 ,260 19,812 30,357 (b) Lighting & Consumer Durables 38,891 35,562 37,032 38,891 37,032 38,488 (c} Unallocated Liabilities (including 6,688 10,793 29,444 6,688 29,444 6,680 borrowings) Total 76,839 70160 86,288 76839 86 288 75 525
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(nJ Ashok Kumar Goyal & Co. ~ Chartered Accountants 722, Sector 42, Golf Course Road Gurugrarn (Haryana)- 122002 Tel: 0124-2577411 E-mail : gurgaon@akgca.com Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Surya Roshni Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of Surya Roshni Limited (the "Company") for the quarter ended December 31 , 2024 and year to date results for the period from 1 April 2024 to 31 December 2024 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. Based on our review conducted as above , nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended. read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Place: New Delhi Dated: 06th February 2025 H.O.: 214, Metropolis Mall, Delhi Road, Hisar-125001 I Email : hisar@akgca.com
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SURYA ROSHNI LIMITED CIN - L31501HR1973PLC007543 Registered Office : Prakash Nagar, Sankhol, Bahadurgarh, Haryana • 124507 Corporate Office : 2nd Floor, Padma Tower-I , Rajendra Place, New Delhi - 110008, Tel. +91-11-47108000 Website: www.surya.co.ln, email-Id : lnvestorgrievan ces@sroshn i.com Statement of Consolidated Unaudited Financial Results for the Quarter and Nine Month ended 31st December, 2024 /Rs. in Lakhs, except EPSI Particulars Quarter ended Nine Month ended Year ended 31.12.2024 30.09.2024 31 .12.2023 31 .12.2024 31.12.2023 31.03.2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) I Revenue from Operations 1,86,796 1,52,889 1,93,780 5,29,004 5,72,880 7,80,927 II Other Income 592 707 376 2,063 700 1,389 Ill Total Income 11+111 1 87 388 153596 1 94156 5 31 067 5 73 580 7 82,316 IV Expenses Cost of materials consumed 1,25,204 1,06,170 1,40,922 3,59,863 4,16,103 5,60,649 Purchases of stock-In-trade 12,799 11,843 14,194 37,448 35,590 48,631 Changes in Inventories of finished goods, stack-in- 3,911 1,086 (5,080) 7,743 (4,179) (1,826) trade and wor1<-in-progress Employee benefits expense 11,024 10,117 10,651 31 ,977 30,177 41 ,007 Finance costs 457 644 728 1,590 2,006 2,405 Depreciation and amortisation expense 3,032 3,090 3,008 9,160 8,785 11,727 Other expenses 18,890 16,050 17,629 54,293 54,534 75,224 Total expenses IIVI 1,75,317 1,49,000 1 82052 502,074 5,43,016 7 37,817 V Profit before exceptional items and tax 1111-IVl 12 071 4 596 12 104 28 993 30 564 4-4 499 VI Exceptional items - - - - - - VII Profit before tax IV-VII 12 071 4596 12104 28 993 30 564 4-4,499 VIII Tax expens e (1) Current tax 3,389 1,521 3,398 8,364 8,890 12,687 (2) Deferred tax (308 (3411 (304 11,022\ 1850\ (1, 1041 IX Profit for the period 8 990 3 416 9,010 21,651 22 524 32,916 X Other Comprehensive income A (I) Items that will nol be reclassified lo profit or loss - Remeasurement of post employment benefit (7 (8) (8) (35) (23) (174) obligation A 0i) Income tax relating to items that will not be 2 2 3 9 6 43 redassified to profit or loss B (i) Items that will be redassified to profit or loss - - - - - - B (ii) Income tax relating to items that will be - - - - - - redassified to profit or loss Total other comprehensive Income oc1 15 16 /51 /26 (17 /131 XI Total Comprehensive income for the period 8,985 3,410 9,005 21,625 22,507 32,785 (IX+XI Profit for the year attributable to Equity Holders of the parent Company 8,990 3,416 9,010 21 ,651 22,524 32,916 Non Controlling interests - - - - - - Other Comprehens ive Income/ (loss) for the year attributable to Equity Holders of the parent Company (5) (6) (5) (26 (17) (131) Non Controlling interests - - - - - Total Comprehensive Income for the year attributable to Equity Holders of the parent Company 8,985 3,410 9,005 21 ,625 22,507 32,785 Non Controllina interests - - - - - Paid-up equity share capital 5,438 5,435 5,407 5,438 5,407 5,424 (Face Value of Rs. 51- eaeh) XII Other Equity 2.11.215 XIII Earning s per equity share (of Rs. 51- each) (not annualised) : (a) Basic 4.13 1.57 4.17 9.97 10.45 15.26 (b) Diluted 4.13 1.57 4.14 9.95 10.35 15.13 Notes on Consolidated Financial Results 1 The above financials results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 06th February, 2025. The statutory auditors of the company have given an unmodified limited review report on these financial results, pursuant to Regulation 33 of SEBl(Listing Obligations and Disdos ure Requirements) Regulations, 2015. 2 During the quarter ended 31st December, 2024, 65,974 ( cumulative up to 31st December, 2024, 17,25,886) Stock Options were exercised under the SRL Employees Stock Option Seheme- 2018 and SRL Employees Stock Option Scheme -2021 and consequent upon equal number of Equity Shares of Rs. 51- each were transferred to respective employees from Surya RoShni Employees Welfare Trust. As on 31st December, 2024, 53,834 Equity shares of Rs. 5/- each (post-split), after considering transfer/secondary mar1<et sale of 24, 19,566 equity shares of Rs. 5/- each, have been considered as Treasury Shares and Shown as deduction from Equity, in accordance with Ind AS 32 • Financial Instruments Presentation'. 3 The company has issued 10,88, 17,948 equity shares of Rs.5I- each as fully paid bonus shares in the ratio of one equity Shares of Rs.SI- each for every one equity shares held on record date of January 01, 2025. This has been considered for calculating weighted average number of equity shares for all comparative periods presented as per Ind AS 33. In line witll the above, EPS (basic and diluted) have been adjusted for all periods presented. EPS without adjusting for bonus share would have been as under : Particulars Quarter ended Nine Month ended Year ended 31.12.2024 30.09.2024 31.12.2023 31.12.2024 31.12.2023 31.03.2024 Earnings per equity share before Bonus share Basic (in Rs.) 8.27 3.14 8.34 19.93 20.90 30.51 Diluted (In Rs. l 8.26 3.14 8.28 19.90 20.70 , 30.25 ~.~~·\~" ::~ . VlnaySurya Raju l!ffl>ta Place : New Delhi (Managing Direct or) (Managing Director ) Dated : 06th February, 2025 DIN: 00515803 DIN: 01299297
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SURYA ROSHNI LIMITED CIN • L31501HR1973PLC007543 Registered Office: Prakash Nagar, Sankhol, Bahadurgarh, Haryana -1 24507 Corporate Office : 2nd Floor, Padma Tower-I, Rajendra Place, New Delhi - 110008, Tel. +91-11-47108000 Website: www.surya .co.in, email-id : investorgrievances@sroshn i.com Consolidated Segment wise Revenue, Results, Assets and Liabilities for the Quarter and Nine Month ended 31st December, 2024 IRs. in Lakhsl Particulars Quarter ended Nine Month ended Year ended 31.12.2024 30.09.2024 31.12.2023 31.12.2024 31.12.2023 31.03.2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited ) (Unaudited) (Audited) 1 Segment Revenue (a) Steel Pipe & Strips 1,41 ,714 1,13,463 1,53,570 4,06,063 4,57,720 6,24.178 lb) Liahtina & Consumer Durables 45,149 39,548 40,314 1,23,226 1,15,432 1,57,194 Total 1,86,863 1,53,011 1,93,884 5,29,289 5,73,152 7,81,372 Less: lnter-SeQment Revenue 67 122 104 285 272 445 Sales / income from ooerations 186796 1 52.889 193780 5 29004 5 72 880 7 80 927 2 Segment Results Profit(+)/Loss(-) before tax and Finance cost (a) Steel Pipe & Strips 8,905 2,493 9,839 21,533 24,090 34,727 (b) Lighting & Consumer Durables 3,623 2,747 2,993 9,050 8,480 12,177 Total 12,528 5,240 12,832 30,583 32,570 46,904 Less: ( 1) Finance Cost 457 644 728 1,590 2,006 2,405 (2) Other un-allocable expenditure/ income . . . . . . Total Profit before Tax 12,071 4,596 12,104 28,993 30,564 44,499 3 Segment Assets (a) Steel Pipe & Strips 2,07,066 1,96,120 2,02,240 2,07,066 2,02,240 1,98,547 (b) Lighting & Consumer Durables 1,02,349 1,00,877 88,808 1,02,349 88,808 93,626 (c) Unallocated Assets 613 32 39 613 39 . Total 3,10,028 2,97,029 2,91,087 3,10,028 2,91,087 2,92,173 4 Segment Liabilities (a) Steel Pipe & Strips 31,260 23,805 19,812 31,260 19,812 30,357 (b) Lighting & Consumer Durables 38,895 35,565 37,036 38,895 37,036 38,492 (c) Unallocated Liabilities (including 6,688 10,793 29,444 6,688 29,444 6,685 borrowings) Total 76,843 70,163 86,292 76,843 86,292 75,534
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Ashok Kumar Goyal & Co. Chartered Accountants 722, Sector 42, Golf Course Road Gurugram (Haryana)- 122002 Tel: 0124-2577411 E-mail : gurga on@akgca.com Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Surya Roshni Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Surya Roshni Limited (the "Holding Company") and its sole wholly-owned subsidiary (the Holding Company and its subsidiary together referred to as "the Group") for the quarter ended December 31,2024 and year to date results for the period from 1 April 2024 to 31 December 2024 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the Circular No. CIR/CFD/CMD1 /44/2019 dated March 29, 2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The accompanying Statement includes the unaudited interim financial results and other financial information, in respect of wholly-owned subsidiary Surya Roshni LED Lighting Projects Limited, whose unaudited interim financial results for the quarter ended December 31 , 2024 and year to date results for the period from 1 April 2024 to 31 December 2024, as considered in the Statement which have been also reviewed by us as its Independent Auditor. H.O. : 214, Metropoli s Mall, Delhi Road, Hisar-125001 I Email : hisar@akgca.com
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5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Ashok Kumar Goyal & Co. Chartered Accountants (Firm Registration- 002777N),..----==:::,__ /,J . _j /% u:::tyk 4 Co (7;:::::::+-l\ * * 0002777N * * (CA Amit Bansal) ~-4.-?rt:REDACCO\l~,1>-~c., ' Partner, F.C.A Membership No. 506269 UDIN: 2 S S\1 b '2.h9 8>l"' I fv LQ 2. \ ~S Place: New Delhi Dated: 06th February 2025