We have Audited the accompanying standalone Financial statements of Telecanor
Global limited (the Company), which comprise the balance sheet as at 31 March 2024,
the statement of profit and loss and cash flow statement for the year ended, and the
summary of material accounting policies and other explanatory information.
Management’s Responsibility on 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 the standalone financial statements that give true and view of financial position,
financial performance and cash flow of the company in accordance with the accounting
principles generally accepted in India, including the Accounting standards specified
under Section 133 of the Act. read with rule 7 of Company (Accounts) Rules. 2014. This
responsibility also includes maintenance of adequate accounting records in accordance
with the provisions of Act for safeguarding the assets of the company and for preventing
and detecting the frauds and other irregularities, selection and application appropriate
accounting policies, making judgements and estimates that are reasonable and prudent,
and design, implementation of and maintenance adequate internal financial controls, that
were operating effectively for ensuring the accuracy and completeness of accounting
records, relevant to the preparation of financial statements that give true and fair
view and free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on Iheso standalone financial statements
based on our audit. We have taken the provisions of the Act, the accounting and auditing
standards and matters which are required to be includod in the report under the
provisions of the Act and rules made there under.
We conducted our Audit in accordance with the standards on auditing specified under
Section 143(10) of the Act These standard require that wo comply ethical requirements
and plan to perform the audit to obtain reasonable assurance about whether the financial
statements are free from material misstatements.
An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. The procedures depend on the Auditors
judgment including the assessment of risk of material misstatements in the financial
statements, whether due to fraud or error. In making those risk assessments, the auditor
consider internal financial control relevant to the companies preparation of the financial
statements that give true and fair view in order to design audit procedures that are
appropriate in circumstances. An audit also includes evaluating the appropriateness of
the accounting policies uses and reasonableness of the accounting estimate made
by company's Directors, as well as evaluating the overall presentation of financial
statements.
We believe that the audit evidence obtained is sufficient and appropriate to provide a
basis for our audit opinion on the standalone financial statements.
Opinion
In our opinion and to the best of information and according to the explanations given
to us, the aforesaid standalone financial statements give the information required by the
Act in the manner so required and give a true and fair view in conformity with the
accounting principles generally accepted in India, of the state of affairs of the
company as at 31 March 2023 and its cash flows for the year ended to that date.
Report on other legal and regulatory requirements
1. As required by the companies (Auditor’s Report) Order, 2016 (the order) issued
by the central government of India in terms of sub section (11) of the section 143
of the Act, we give Annexure A, a statement on the matters specified in the
paragraph 3 and 4 of the order.
2. As required by section 143 of the Act, we report that i
a. We have sought and obtained all the information and explanation which is
best of our knowledge and belief were necessary for the purpose of audit.
b. In our opinion proper books of accounts as required by law have kept by
the company so far as it appears from our examination of these books.
c. The balance sheet, the statement of profit and loss and the cash flow
statement dealt with by this report are in agreement with the books of account
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the accounting standards specified under section 133 of the Act, road with
rule 7 of the Companies (Accounts) Rules 2014.
c. On the basis of the written representation received from the Directors as
on 31 March 2024 taken on record by the Board of Directors, none of the
directors disqualified as on 31 March 2024 from being appointed as
director in terms of section 164 (2) ol Iho Act.
f. With respect to the adequacy of internal financial controls ovor financial
reporting of the company and operating effectiveness of such controls, refer
to our separate report in Annexure B , and
g. With respect to other matters to be included in the Auditors report in
accordance with the rule 11 of Companies (Audit and Auditors) Rules, 2014,
in our opinion to the best of our information according to the explanation given
to us.
1) The Company has disclosed the impact of pending litigation on its
financial position in its financial statements.
2) The company has made provision, as required under applicable law or
accounting standards for material foreseeable losses, If any
3) The company has not transferred any amount to Investor Education
and Protection fund as the company incurring continuously.
4) There has been no delay in transferring amounts, required to be
transferred, to the Investor Education and Protection Fund by the
company.
For K K Goel & Associates
Chartered Accountants
FRN : 005299N
A \i(F. R. No. \SS)
u U 005itaHg
Anil Kumar Kakkar
Partner
Place: New Delhi___ | _ M.NO.Q14493 ^ ____
Date: 30.05.2024 "
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UDIN: 24014493BKIAVT2413 . , .'2 I
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