We have audited the accompanying standalone financial statement of UNITED TEXTILE LIMITED ("the Company"), which
comprise the Balance Sheet as at March 31, 2025, the Statement of Profit and Loss (Including Other Comprehensive
Income), the Statement of Changes in Equity and the Cash Flow Statement for the year then ended and a summary of
significant 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 financial
statements give the information required fay 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 read
with the Companies (Indian Accounting Standards) Rules, 2015, as amended, (*Ind AS") and other accounting principles
generally accepted In India, of the state of affairs of the Company as at 31 March 2025, and Its profit; total comprehensive
income; its cash flows and the changes in equity for the year ended on that date.
Basis of Opinion
We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of 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 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 standalone financial statements under the provisions of the Companies Act, 2013 and the Rule thereunder,
and we have fulfilled our 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 of our opinion.
Management1 s Responsibility for the 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 financial statements that give a true and (air view of the financial position, financial performance
including other comprehensive income, cash flows and changes in equity of the Company in accordance with the Ind AS
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 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 statement that give a true and fair view
and are free from material misstatement; whether due to fraud or error.
In preparing the financial statements, management 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
management 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 Company’s financial reporting process
Auditors' Responsibility
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
materia] 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:
Ý 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. 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 system in place and the operating
effectiveness of such controls.
Ý Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by the management.
Ý Conclude on the appropriateness of management's use of 1he 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.
Ý 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 (11) 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 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 for the financial year ended March 31, 2025 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 the Companies (Auditor's Report) Order, 2020 ("the Order*) Issued by the Central Government of India
In terms of sub-section (11) of section 143 of the Act; we give In the Annexure‘A' a statement on the matters specified
In the paragraph 3 and 4 of the Order, to the extent applicable.
2. 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 and the Cash Flow Statement dealt with by this Report are In
agreement with the books of account;
(d) In our opinion, the aforesaid financial statements comply with the Indian 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 an 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) 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 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:
i. The Company does not have any pending litigations which would impact its financial position;
1L The Company did not have any long-term contracts Including derivative contracts for which there were any material
foreseeable losses;
111. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the
Company;
(h) The managerial remuneration for the year ended 31st March, 2025 has been paid/ provided for by the Company to Its
directors in accordance with the provisions of Section 197 read with Schedule V to the Act.
(i) As per the management representation we report,
[I) no funds have been advanced or loaned or invested by the company to or In any other person(s) or
entitles. Including foreign entitles ('Intermediaries"], with the understanding that the Intermediary shall
whether directly or Indirectly lend or Invest In other persons or entitles identified In any manner by or on
behalf of the company (Ultimate Beneficiaries] or provide any guarantee, security or the like on behalf of
ultimate beneficiaries.
[II) no funds have been received by the company from any person[s] or entitles Including foreign entitles
{"Funding Parties") with the understanding that such company shall whether, directly or indirectly, lend
or Invest In other persons or entitles Identified In any manner whatsoever by or on behalf of the funding
parly (ultimate beneficiaries) or provide guarantee, security or the like on behalf of the Ultimate
beneficiaries.
[III) Based on the audit procedures performed, we report that nothing has come to our notice that has caused
us to believe that the representations given under sub-clause (1) and (11) by the management contain any
material misstatement.
(j) No dividend has been paid by the company.
(k) The Company, In Respect of financial year 2024-25, has used such accounting software for maintain Its books of account
which has a feature of recording audit trail (edit log) facility and the same has been operated throughout the year for all
transaction's recorded In the software and the audit trail feature has not been tampered with and the audit trail has been
preserved by the company as per the statutory requirements for record retention.
For N C Aggarwal & Co,
Chartered Accountants
Firm Registration No. 003273N
G.K Aggarwal
[Partner]
M. No. 086622
Dated: 29th May, 2025
Place: Hisar
UD1N: 25086622BMIBLU1205
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