We have audited the accompanying Standalone Financial Statement of SAR TELEVENTURE
LIMITED (“the Company”) which comprises the Balance Sheet as at 31st March, 2025, the
Statement of Profit and Loss (including other comprehensive income), the statement of Changes in
Equity and the Statement of Cash Flows for the year ended on that date including a summary of
significant accounting policies and other explanatory information (hereinafter referred to as “the
Standalone Financial Statement”),
In our opinion and to the best of our information and according to the explanations given to us, the
aforesaid Standalone financial statements give the information required by the Companies Act, 2013
(“the Act”) in the manner so required and give a true and fair view in conformity with the Accounting
Standards prescribed under section 133 of the Act and other accounting principles generally accepted
in India including, of the state of affairs of the Company as at March 31, 2025 and its profit, total
comprehensive income, changes in equity and its cash flow for the year ended on that date
Basis for Opinion
We conducted our audit of Standalone financial statements in accordance with the Standards on
Auditing (SAs) specified under Section 143(10) of the Companies Act, 2013 (the Act). Our
responsibilities under those Standards are further described in the Auditor’s Responsibilities for the
Audit of the Standalone Financial Statements 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 results under
the provisions of the Companies Act, 2013 and the Rules there under, and we have fulfilled our other
ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that
the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most significance in
our audit of the financial statements of the current year. These matters were addressed in the context of
our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not
provide a separate opinion on these matters.
Information other than the Standalone financial statements and auditors’ report thereon:
The Company’s board of directors is responsible for the preparation of the other information. The
other information comprises the information included in the Board’s Report, Management Discussion
& Analysis and Corporate Governance Report but does not include the Standalone financial statements
and our auditor’s report thereon.
Our opinion on the Standalone Financial Statements does not cover the other information and we do
not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent with the
Standalone financial statements or our knowledge obtained during the course of our audit or otherwise
appears to be materially misstated.
If, based on the work we performed, we conclude that there is a material misstatement of this other
information; we are required to report that fact. We have nothing to report in this regard.
Management’s Responsibilities for the Standalone Financial Statements:
The Company’s Board of Directors is responsible for the matters stated in section 134(5) of the
Companies Act, 2013 (“the Act”) with respect to the preparation and presentation of these Standalone
financial statements that give a true and fair view of the financial position, financial performance, total
comprehensive income, changes in equity and cash flows of the company in accordance with
accounting standards and other accounting principles generally accepted in India.
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 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 standalone
financial results that give a true and fair view and are free from material misstatement, whether due to
fraud or error.
In preparing the Standalone Financial Statements, the Board of Directors is 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 is also responsible for overseeing the financial reporting process of the
company.
Auditor’s Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the Standalone Financial Statements
as a whole are 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 these Standalone Financial Statements.
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 Standalone Financial Statements,
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, but not for the purpose of expressing an opinion on the
effectiveness of the company’s internal control.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by management.
• Conclude on the appropriateness of the management’s 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 standalone financial results,
including the disclosures, and whether the financial results represent the underlying transactions
and events in a manner that achieves fair presentation.
Materiality is the magnitude of the misstatements in the Standalone financial statements that
individually or in aggregate makes it probable that the economic decisions of a reasonably
knowledgeable user of the financial statements may be influenced. We consider quantitative
materiality factors in (i) 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 financial statements.
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.
From the matters communicated with those charged with governance, we determine those matters that
were of most significance in the audit of the Standalone financial statements of the current year and
are therefore the key audit matters. We describe these matters in our auditor’s report unless law or
regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we
determine that a matter should not be communicated in our report because the adverse consequences
of doing so would reasonably be expected to outweigh the public interest benefits of such
communication.
Report on Other Legal and Regulatory Requirements:
I. As required by the Companies (Auditor’s Report) Order, 2020 (“the Order”), as amended, issued
by the Central Government of India in terms of sub-section (11) of section 143 of the Act and on
the basis of such checks of books and records of the Company as we considered appropriate and
according to the information and explanation give by the management, we give in the “Annexure
A” a statement on the matters specified in paragraphs 3 and 4 of the Order.
II. As required by Section 143(3) of the Act, we report that:
a) We have sought and obtained all the information and explanations which to the best of our
knowledge and belief were necessary for the purposes of our audit.
b) In our opinion, proper books of account as required by law have been kept by the Company so
far as it appears from our examination of those books;
c) The Balance Sheet, the Statement of Profit and Loss (including Other Comprehensive Income),
Statement of Changes in Equity and the Statement of Cash Flows dealt with by this Report are
in agreement with the books of account
d) In our opinion, the aforesaid standalone financial statements comply with the Accounting
Standards specified under Section 133 of the Act, read with Rule 7 of the Companies
(Accounts) Rules, 2014.
e) On the basis of the written representations received from the directors as on 31st March, 2025,
taken on record by the Board of Directors, none of the directors is disqualified as on 31st
March, 2025 from being appointed as a director in terms of Section 164 (2) of the Act.
f) With respect to the adequacy of the internal financial controls over financial reporting of the
Company and the operating effectiveness of such controls, refer to our separate Report in
“Annexure B”.
g) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule
11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our
information and according to the explanations given to us:
1. The Company does not have any pending litigations which would impact its financial
position.
2. The Company did not have any long-term contracts including derivative contracts for which
there were any material foreseeable losses.
3. There were no amounts which were required to be transferred to the Investor Education and
Protection Fund by the Company.
4. a) The management has represented that, to the best of its knowledge and belief, no funds
have been advanced or loaned or invested (either from borrowed funds or share premium or
any other sources or kind of funds) by the company to or in any other person or entity,
including foreign entities (“intermediaries”) with the understanding, whether recorded in
writing or otherwise, that the intermediary shall, whether directly or indirectly lend or invest
in other person or entity identified in any manner whatsoever by or behalf of the company
(“ultimate beneficiaries”) or provide any guarantee, security or the like on behalf of the
Ultimate beneficiaries.
b) The management has represented, that, to the best of its knowledge and belief, no funds
have been received by the company from any person or entity including foreign entities
(“Funding Parties”) with the understanding, whether recorded in writing or otherwise, that the
company shall, whether directly or indirectly, lend or invest in other person or entity
identified in any manner whatsoever by or behalf of the Funding Party (“Ultimate
Beneficiaries”) or provide any guarantee, security or the like on behalf of the ultimate
beneficiaries; and
5. Based on such audit procedures that were considered reasonable and appropriate in the
circumstances, nothing has come to our notice that has caused us to believe that representations
under sub clause (a) and (b) contain any material mis-statement.
6. The Company has neither declared nor paid any dividend during the year.
7. Proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 for maintaining books of
account using accounting software which has a feature of recording audit trail (edit log)
facility is applicable to the Company from Financial Year beginning April 1, 2023 and
according to the information and explanation given to us and on the basis of our examination
of records of the company for the year 01.04.2024 to 31.03.2025;
Reporting of following observations under Rule 11(g) of Companies (Audit and Auditors) Rules,
2014 are as follows:
(i) the audit trail has been operated throughout the year for all the transactions recorded in the
software and the audit trail feature has not been tempered with and the audit trail feature is
configurable
(ii) the audit trail has been preserved by the company as per the statutory requirements for record
retention.
(iii) all the transactions recorded in the software are covered in the audit trail feature.
FOR RAHEJA & CO.
Chartered
Accountants Firm
Reg No: 022859N
CA. JATIN RAHEJA
Partner
Date: 29.05.2025 M. No: 513861
Place: Noida UDIN: 25513861BMJLIO4631
|