Online-Trading Portfolio-Tracker Research Back-Office MF-Tracker
BSE Prices delayed by 5 minutes... << Prices as on Oct 23, 2025 >>   ABB 5185.8 [ -1.09 ]ACC 1856.4 [ 0.49 ]AMBUJA CEM 564.5 [ -0.57 ]ASIAN PAINTS 2501.85 [ -0.26 ]AXIS BANK 1259.4 [ 1.90 ]BAJAJ AUTO 9040.25 [ -0.76 ]BANKOFBARODA 266.75 [ -1.24 ]BHARTI AIRTE 2008.35 [ -1.71 ]BHEL 234.2 [ -0.17 ]BPCL 331.15 [ -2.33 ]BRITANIAINDS 6065.05 [ -0.23 ]CIPLA 1645.25 [ -1.12 ]COAL INDIA 392.5 [ 0.37 ]COLGATEPALMO 2288.8 [ 1.30 ]DABUR INDIA 511.1 [ 1.00 ]DLF 774.1 [ 0.31 ]DRREDDYSLAB 1279.85 [ -0.75 ]GAIL 179.95 [ 0.98 ]GRASIM INDS 2863.75 [ -0.23 ]HCLTECHNOLOG 1524.05 [ 2.43 ]HDFC BANK 1008.95 [ 0.16 ]HEROMOTOCORP 5586.9 [ -1.06 ]HIND.UNILEV 2600.75 [ 0.33 ]HINDALCO 792.5 [ 0.94 ]ICICI BANK 1363.5 [ -1.35 ]INDIANHOTELS 737.35 [ -0.92 ]INDUSINDBANK 760.1 [ 0.23 ]INFOSYS 1528.85 [ 3.86 ]ITC LTD 415.85 [ 0.73 ]JINDALSTLPOW 1009.05 [ 0.04 ]KOTAK BANK 2225.05 [ 1.32 ]L&T 3918 [ 0.79 ]LUPIN 1940.05 [ -0.17 ]MAH&MAH 3622.7 [ 0.08 ]MARUTI SUZUK 16383.3 [ -0.04 ]MTNL 42.12 [ 0.86 ]NESTLE 1273.5 [ -1.03 ]NIIT 108.2 [ 2.17 ]NMDC 74.19 [ -1.89 ]NTPC 342.6 [ 0.15 ]ONGC 252.4 [ 1.75 ]PNB 118.1 [ 0.34 ]POWER GRID 289.65 [ 0.31 ]RIL 1448.05 [ -1.17 ]SBI 911.45 [ 0.37 ]SESA GOA 482.85 [ 1.52 ]SHIPPINGCORP 250.2 [ 8.05 ]SUNPHRMINDS 1689 [ -0.08 ]TATA CHEM 904.45 [ -0.89 ]TATA GLOBAL 1162 [ -1.07 ]TATA MOTORS 405.85 [ 0.98 ]TATA STEEL 174.1 [ 0.75 ]TATAPOWERCOM 397.5 [ -0.24 ]TCS 3074.65 [ 2.24 ]TECH MAHINDR 1462.85 [ 1.00 ]ULTRATECHCEM 12142.75 [ -1.65 ]UNITED SPIRI 1350.75 [ -0.65 ]WIPRO 244.4 [ 1.22 ]ZEETELEFILMS 105.75 [ 1.29 ] BSE NSE
You can view full text of the latest Auditor's Report for the company.

BSE: 502986ISIN: INE825A01020INDUSTRY: Textiles - Spinning - Cotton Blended

BSE   ` 437.70   Open: 429.00   Today's Range 428.65
453.90
+29.35 (+ 6.71 %) Prev Close: 408.35 52 Week Range 362.60
563.65
Year End :2025-03 

Sr.

No.

Key Audit Matter

Auditor’s Response

1

Uncertain income-tax positions - Refer to
Notes 2.15, 2.19.1.4, 38(a) and 39 to the
standalone financial statement

The Company has material uncertain income-
tax positions including matters under dispute
relating to Income Taxes. These matters
involve significant management judgement
to determine the possible outcome of these
disputes.

Principal audit procedures performed included the following:

Obtained an understanding of and performed testing of design,
implementation and operating effectiveness of the control established
by the Company with regard to uncertain income tax positions.

We obtained details of complete income tax matters from
the Company's internal tax experts during the year ended March
31,2025.

We involved our internal direct tax experts to challenge the
management's underlying assumptions in estimating the tax
provisions and possible outcome of the disputes. Our internal direct
tax experts also considered legal precedence and other rulings in
evaluating management's position on these uncertain tax positions
relating to Income Taxes.

Assessed the adequacy of the disclosures made in the financial
statements.

We have audited the accompanying standalone financial
statements of Vardhman Textiles Limited (“the Company”),
which comprise the Balance Sheet as at March 31,2025, and
the Statement of Profit and Loss (including Other Comprehensive
Income), the statement of Cash Flow and the Statement of
Changes in Equity for the year ended on that date, and notes
to the financial statements, including a summary of material
accounting policies and other explanatory information.

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 Indian Accounting Standards
prescribed under section 133 of the Act, (“Ind AS”) and other
accounting principles generally accepted in India, of the state
of affairs of the Company as at March 31,2025, and its profit,
total comprehensive income, its cash flows and the changes in
equity for the year ended on that date.

Basis for Opinion

We conducted our audit of the standalone financial statements
in accordance with the Standards on Auditing (“SAs”) specified

under section 143(10) of the Act. Our responsibilities under those
Standards are further described in the Auditor's Responsibility
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 (“ICAI”) together with the ethical
requirements that are relevant to our audit of the standalone
financial statements under the provisions of the Act and the
Rules made thereunder, and we have fulfilled our other ethical
responsibilities in accordance with these requirements and
the ICAI's Code of Ethics. We believe that the audit evidence
obtained by us is sufficient and appropriate to provide a basis
for our audit opinion on the standalone financial statements.

Key Audit Matters

Key audit matters are those matters that, in our professional
judgment, were of most significance in our audit of the standalone
financial statements of the current period. These matters were
addressed in the context of our audit of the standalone financial
statements as a whole, and in forming our opinion thereon, and
we do not provide a separate opinion on these matters. We have
determined the matters described below to be the key audit
matters to be communicated in our report

Information Other than the Financial
Statements and Auditor’s Report Thereon

• The Company's Board of Directors is responsible for the
other information. The other information comprises the
information included in the Management Discussion and
Analysis Report, Business Responsibility and sustainability
Report, Director's Report including Annexures to the
Director's Report and Corporate Governance Report, but
does not include the consolidated financial statements,
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 standalone 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 have 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.

Responsibilities of Management and Board
of Directors for the Standalone Financial
Statements

The Company's Board of Directors is responsible for the
matters stated in section 134(5) of the Act with respect to the
preparation of these standalone financial statements that give a
true and fair view of the financial position, financial performance
including other comprehensive income, cash flows and changes
in equity of the Company in accordance with the accounting
principles generally accepted in India, including Ind AS specified
under section 133 of the Act. This responsibility also includes
maintenance of adequate accounting records in accordance
with the provisions of the Act for safeguarding 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 financial statements 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, management
and 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 intend to liquidate the Company or to cease operations,
or has no realistic alternative but to do so.

The Company's Board of Directors are also responsible for
overseeing the Company's financial reporting process.

Auditor’s Responsibility for the Audit of the
Standalone Financial Statements

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 financial controls 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 standalone 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 management.

• Conclude on the appropriateness of 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 standalone financial statements
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 statements, including the disclosures,
and whether the standalone financial statements represent
the underlying transactions and events in a manner that
achieves fair presentation.

Materiality is the magnitude of 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 standalone financial statements
may be influenced. We consider quantitative materiality and
qualitative 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 standalone 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 financial controls 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 period 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

1. 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 except
in relation to compliance with the requirement of audit
trail as stated in (i)(vi) below.

c) The Balance Sheet, the Statement of Profit and
Loss including Other Comprehensive Income, the
Statement of cash flow and Statement of Changes
in Equity 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 Ind AS specified under
Section 133 of the Act.

e) On the basis of the written representations received
from the directors as on March 31, 2025 taken
on record by the Board of Directors, none of the
directors is disqualified as on March 31,2025 from
being appointed as a director in terms of Section
164(2) of the Act.

f) The modification relating to the maintenance of
accounts and other matters connected therewith, is/
are as stated in paragraph (b) above.

g) With respect to the adequacy of the internal financial
controls with reference to standalone financial
statements of the Company and the operating
effectiveness of such controls, refer to our separate
Report in
“Annexure A”. Our report expresses an
unmodified opinion on the adequacy and operating
effectiveness of the Company's internal financial
controls with reference to standalone financial
statements.

h) With respect to the other matters to be included in the
Auditor's Report in accordance with the requirements
of section 197(16) of the Act, as amended, in our
opinion and to the best of our information and
according to the explanations given to us, the
remuneration paid by the Company to its directors
during the year is in accordance with the provisions
of section 197 of the Act.

i) 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, as
amended in our opinion and to the best of our information
and according to the explanations given to us:

i. The Company has disclosed the impact of
pending litigations on its financial position in its
standalone financial statements - Refer Note 38

(a) to the standalone financial statements;

ii. The Company did not have any long-term
contracts including derivative contracts for
which there were any material foreseeable
losses - Refer Note 38(e) (ii) to the standalone
financial statements.

iii. There has been no delay in transferring
amounts, required to be transferred, to the
Investor Education and Protection Fund by the
Company - Refer Note 50 to the standalone
financial statements.

iv. (a) The Management has represented that,

to the best of its knowledge and belief, as
disclosed in the note 54(v) to the financial
statements, 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(s) or entity(ies),
including foreign entities (“Intermediaries”),
with the understanding, whether recorded
in writing or otherwise, that the Intermediary
shall, directly or indirectly lend or invest in
other persons or entities identified in any
manner whatsoever by or on 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,
as disclosed in the note 54(vi) to financial
statements, no funds have been received
by the Company from any person(s) or
entity(ies), including foreign entities.

(c) Based on the audit procedures performed
that have been considered reasonable and
appropriate in the circumstances, nothing
has come to our notice that has caused us
to believe that the representations under
sub-clause (i) and (ii) of Rule 11(e), as
provided under (a) and (b) above, contain
any material misstatement.

v. The final dividend proposed in the previous year,
declared and paid by the Company during the
year is in accordance with section 123 of the
Act, as applicable.

As stated in note 54(x) to the standalone
financial statements, the Board of Directors of

the Company has proposed final dividend for
the year which is subject to the approval of the
members at the ensuing Annual General Meeting.
Such dividend proposed is in accordance with
section 123 of the Act, as applicable.

vi. Based on our examination, which included test
checks, the Company has used an accounting
software(s) for maintaining its books of account
for the financial year ended March 31, 2025
which has a feature of recording audit trail
(edit log) facility and the same has operated
throughout the year for all relevant transactions
recorded in the software(s) except -

In respect of one accounting software used for
maintenance of purchase, production & sales
records, audit trail log was not enabled at the
data base level to log any direct changes during
the period from April 1, 2024 to September 28,
2024; further the software did not have a feature
to log the enabling /disabling of the audit trail (edit
log) feature at the application level, accordingly
we are unable to comment whether the audit log
feature was enabled and operated throughout
the year for all relevant transactions and whether
there were any instances of audit trail feature
tempered with.

Further, during the course of audit, we did not
come across any instances of audit trail feature
being tempered with. Additionally, the audit trail
that was enabled and operated for the year
ended March 31,2025, has been preserved by
the Company as per the statutory requirements
for record retention, as stated in Note 51 to the
financial statements.

2. As required by the Companies (Auditor's Report) Order, 2020
(“the Order”) issued by the Central Government in terms of
Section 143(11) of the Act, we give in
“Annexure B” a
statement on the matters specified in paragraphs 3 and 4 of
the Order.

For Deloitte Haskins & Sells LLP

Chartered Accountants
(Firm's Registration No. 117366W/W-100018)

Kanav Kumar

(Partner)

Place: Noida (Membership No. 507230)

Date: May 03, 2025 (UDIN: 25507230BMOMGP7951)