We have audited the accompanying statement
containing Standalone financial results of Kisan
Mouldings Limited (the “Company”) for the quarter
ended March 31, 2025 and year ended March 31,
2025 (“Statement” and refer 'Other Matter' section
below') , attached herewith, being submitted by the
Company pursuant to the requirement of Regulation
33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended (the
“Listing Regulations”).
In our opinion and to the best of our information
and according to the explanations given to us the
Statement:
i. is presented in accordance with the requirements
of the Listing Regulations in this regard; and
ii. gives a true and fair view in conformity with the
recognition and measurement principles laid down
in the Indian Accounting Standards (“Ind AS”) and
other accounting principles generally accepted in
India of the net loss and other comprehensive loss
and other financial information of the Company
for the quarter ended March 31, 2025 and for the
year ended March 31, 2025.
Basis for Opinion
We conducted our audit in accordance with the
Standards on Auditing (SAs) specified under
section 143(10) of the Companies Act, 2013, as
amended (“the Act”). Our responsibilities under those
Standards are further described in the “Auditor's
Responsibilities for the Audit of the Standalone
Financial Results” section of our report. We are
independent of the Company in accordance with the
Code of Ethics issued by the Institute of Chartered
Accountants of India together with the ethical
requirements that are relevant to our audit of the
financial statements under the provisions of the Act
and the Rules thereunder, and we have fulfilled our
other ethical responsibilities in accordance with these
requirements and the Code of Ethics. We believe that
the audit evidence obtained by us is sufficient and
appropriate to provide a basis for our opinion.
Responsibilities of the Management and Those
Charged with Governance for this Statement.
This Statement, which includes the Standalone
financial results is the responsibility of the Company's
Board of Directors and has been approved by them
for the issuance. The Statement has been prepared
on the basis of the standalone annual financial
statements. The Board of Directors of the Company
are responsible for the preparation and presentation
of the Statement that gives a true and fair view
of the net loss and other comprehensive loss of
the Company and other financial information in
accordance with the recognition and measurement
principles laid down in Ind AS, prescribed under
Section 133 of the Act read with relevant rules issued
thereunder and other accounting principles generally
accepted in India and in compliance with Regulation
33 of the Listing Regulations. This responsibility
also includes maintenance of adequate accounting
records in accordance with the provisions of the
Act for safeguarding of the assets of the Company
and for preventing and detecting frauds and other
irregularities; selection and application of appropriate
accounting policies; making judgments and estimates
that are reasonable and prudent; and the design,
implementation and maintenance of adequate internal
financial controls, that were operating effectively
for ensuring the accuracy and completeness of the
accounting records, relevant to the preparation and
presentation of the Statement that give a true and
fair view and are free from material misstatement,
whether due to fraud or error.
In preparing the Statement, the Board of Directors
are responsible for assessing the Company's ability to
continue as a going concern, disclosing, as applicable,
matters related to going concern and using the going
concern basis of accounting unless the Board of
Directors either intends to liquidate the Company or
to cease operations, or has no realistic alternative but
to do so.
The Board of Directors are also responsible for
overseeing the Company's financial reporting process.
Auditor’s Responsibilities for the Audit of the
Standalone Financial Results for the year ended 31st
March 2025
Our objectives are to obtain reasonable assurance
about whether the Statement as a whole is free
from material misstatement, whether due to fraud or
error, and to issue an auditor's report that includes
our opinion. Reasonable assurance is a high level
of assurance but is not a guarantee that an audit
conducted in accordance with SAs will always detect
a material misstatement when it exists. Misstatements
can arise from fraud or error and are considered
material if, individually or in the aggregate, they could
reasonably be expected to influence the economic
decisions of users taken on the basis of the Statement.
As part of an audit in accordance with SAs, we exercise
professional judgment and maintain professional
skepticism throughout the audit. We also:
• Identify and assess the risks of material
misstatement of the Statement, whether due
to fraud or error, design and perform audit
procedures responsive to those risks, and obtain
audit evidence that is sufficient and appropriate
to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from
fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional
omissions, misrepresentations, or the override of
internal control.
• Obtain an understanding of internal control
relevant to the audit in order to design
audit procedures that are appropriate in the
circumstances. Under Section 143(3)(i) of the
Act, we are also responsible for expressing our
opinion on whether the company has adequate
internal financial controls with reference to
financial statements in place and the operating
effectiveness of such controls.
• Evaluate the appropriateness of accounting
policies used and the reasonableness of
accounting estimates and related disclosures
made by the Board of Directors.
• Evaluate the appropriateness and reasonableness
of disclosures made by the Board of Directors
in terms of the requirements specified under
Regulation 33 of the Listing Regulations.
• Conclude on the appropriateness of the Board
of Directors' use of the going concern basis of
accounting and, based on the audit evidence
obtained, whether a material uncertainty exists
related to events or conditions that may cast
significant doubt on the Company's ability to
continue as a going concern. If we conclude that
a material uncertainty exists, we are required
to draw attention in our auditor's report to the
related disclosures in the financial results or, if
such disclosures are inadequate, to modify our
opinion. Our conclusions are based on the audit
evidence obtained up to the date of our auditor's
report. However, future events or conditions may
cause the Company to cease to continue as a
going concern.
• Evaluate the overall presentation, structure and
content of the Statement, including the disclosures,
and whether the Statement represents the
underlying transactions and events in a manner
that achieves fair presentation.
Materiality is the magnitude of misstatements in the
Annual Standalone Financial Results that, individually
or in aggregate, makes it probable that the economic
decisions of a reasonably knowledgeable user of
the Annual Financial Results may be influenced. We
consider quantitative materiality and qualitative
factors (i) in planning the scope of our audit work
and in evaluating the results of our work; and (ii) to
evaluate the effect of any identified misstatements in
the Annual Financial Results.
We communicate with those charged with governance
regarding, among other matters, the planned scope
and timing of the audit and significant audit findings,
including any significant deficiencies in internal control
that we identify during our audit.
We also provide those charged with governance with
a statement that we have complied with relevant
ethical requirements regarding independence, and to
communicate with them all relationships and other
matters that may reasonably be thought to bear on
our independence, and where applicable, related
safeguards.
Other Matters
(a) The accompanying Statement includes the results
for the quarter ended 31st March 2025 being the
balancing figure between audited figures in respect of
the full financial year and the published year to date
figures up to the third quarter of the current financial
year. which were subject to limited review by us, as
required under the Listing Regulations.
Our opinion on the Audit of the Standalone Financial
Results for the year ended 31st March 2025 is not
modified in respect of above mat ter.
For Sen & Ray
Chartered Accountants
ICAI Firm Registration Number: 303047E
Sd/-
Rakesh Kumar Kogta
Partner
Membership No.: 122300
UDIN: 25122300BMIEMC6300
Place: Mumbai
Date: 06 May, 2025
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