1. We have audited the accompanying standalone financial
statements of Signatureglobal (India) Limited (‘the
Company’), which comprise the Standalone Balance
Sheet as at 31 March 2025, the Standalone Statement
of Profit and Loss (including Other Comprehensive
Income), the Standalone Statement of Cash Flow and
the Standalone Statement of Changes in Equity for the
year then ended, and notes to the standalone financial
statements, including material accounting policy
information and other explanatory information.
2. I n 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 (‘Ind
AS’) specified under section 133 of the Act read with the
Companies (Indian Accounting Standards) Rules, 2015
and other accounting principles generally accepted in
India, of the state of affairs of the Company as at 31
March 2025, and its profit (including other comprehensive
income), its cash flows and the changes in equity for the
year ended on that date.
BASIS FOR OPINION
3. 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 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 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 we have obtained is sufficient
and appropriate to provide a basis for our opinion.
KEY AUDIT MATTERS
4. 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.
5. We have determined the matters described below to be the key audit matters to be communicated in our report.
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Key audit matter
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How our audit addressed the key audit matter
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Revenue recognition on sale of real estate properties
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The Company applies Ind AS 115, Revenue from
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Our audit procedures on revenue recognised from sale of
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Contracts with Customers (Ind AS 115) for recognition
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real estate properties included, but were not limited to the
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of revenue from sale of real estate properties. Refer
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following:
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note 3(o) and 43 to the standalone financial statements
for accounting policy and related disclosures.
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• Evaluated the appropriateness of accounting policy for
revenue recognition on sale of real estate properties in
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Revenue is recognised upon transfer of control of the
constructed units to customers for an amount which
reflects the consideration the Company expects to
receive in exchange for those units. The point of
revenue recognition is normally when the intimation
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terms of principles enunciated under Ind AS 115;
• Assessed the management evaluation of determining
revenue recognition from sale of units at a point in time
in accordance with the requirements under Ind AS 115;
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for the handover of unit to the customer is sent on
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• Obtained and understood the revenue recognition
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completion of the project, builder buyer agreement has
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process, evaluated the design and tested operating
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been executed and substantial collection has been
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effectiveness of key controls over revenue recognition
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received.
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including determination of point of transfer of control
and completion of performance obligations on a sample
basis;
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Key audit matter
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How our audit addressed the key audit matter
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Application of Ind AS 115 involves significant judgement
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•
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1 nspected, on a sample basis, underlying customer
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in identifying performance obligations and determining
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contracts and intimation of handover documents,
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when ‘control’ of the units is transferred to the customer.
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evidencing the transfer of control of the residential units
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Considering the significance of management
judgements and estimates involved and the materiality
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to the customer based on which revenue is recognised
at a point in time;
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of amounts involved, aforementioned revenue
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•
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Visited sites during the year for selected projects to
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recognition is identified as a key audit matter
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understand the nature, status and progress of the
projects;
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•
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Selected projects on samples basis and tested
various reconciliations, i.e., unit reconciliation, area
reconciliation and sales value reconciliation as
performed by the management;
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•
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Tested unusual non-standard journal entries impacting
revenue recorded during the year based on certain risk-
based criteria, and
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•
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Assessed the adequacy of disclosures included in the
standalone financial statements in compliance with the
requirements of Ind AS 115.
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Revenue from construction contracts with related parties
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The Company recognises revenue from construction
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Our audit procedures in relation to revenue from construction
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contracts with related parties over a period of time in
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contracts with related parties included, but were not limited
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accordance with Ind AS 115, Revenue from Contracts
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to the following:
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with Customers (Ind AS 115). Refer note 3(o) and 43
to the standalone financial statements for accounting
policy and related disclosures.
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•
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Evaluated the appropriateness of accounting policy
on revenue recognition for construction contracts with
related parties in terms of principles enunciated under
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The Company acts as a principal contractor for providing
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Ind AS 115;
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construction services to its subsidiary companies and
another related party (Sarvpriya Securities Private
Limited).
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•
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Evaluated the design and tested operating effectiveness
of key controls around budgeting of project cost,
approval of purchase orders, recording of actual cost,
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The Company recognises revenue from construction
contracts on the basis of stage of completion (input
method) based on the proportion of contract costs
incurred till reporting date to the total estimated costs of
the contract at completion. The recognition of revenue
is therefore dependent on estimates in relation to total
estimated costs of each such contract, which is subject
to inherent uncertainty as it requires ascertainment
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•
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raising of invoices and estimating the cost to complete
the project;
Assessed management evaluation of determining
revenue recognition for contractual construction
projects over a period of time in accordance with
the requirements of Ind AS 115 and the process for
determining probable expected losses on contracts;
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of progress of the project, cost incurred till date and
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•
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On a sample basis, tested cost incurred and accrued
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balance cost to be incurred to complete the project.
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to date by examining underlying invoices and other
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Significant judgments are also involved in determining
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supporting documents;
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when the underlying performance obligations are
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•
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Visited sites during the year for selected projects to
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satisfied and in determining whether any contract
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understand the nature, status and progress of the
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has become onerous which required the Company to
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projects;
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record expected losses in respect of such contracts.
Cost contingencies are included in these estimates to
take into account specific risks of uncertainties, arising
within each contract. These contingencies are reviewed
by the Management on a regular basis throughout the
life of the contract and adjusted where appropriate.
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•
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On a sample basis, reviewed management’s estimate
of costs to complete projects determined basis internal
budgeting process of the Company, and critically
challenged estimates basis our understanding of the
projects and historical accuracy of such estimates;
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Key audit matter
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How our audit addressed the key audit matter
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Considering the significance of management
judgements and estimates involved and the materiality
of amounts involved, revenue from construction
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•
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Compared actual cost with budgeted cost to determine
percentage of completion of the project;
Assessed the professional competence and
objectivity of the management’s experts and reviewed
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contracts with related parties is identified as a key audit
matter.
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•
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management expert’s report on arm’s length analysis
for related party transactions by involving an auditor’s
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expert and comparing such contracts with market
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available data;
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•
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Tested unusual non-standard journal entries impacting
revenue recorded during the year based on risk-based
criteria; and
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•
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Assessed the adequacy of disclosures included in the
standalone financial statements in compliance with the
requirements of Ind AS 115.
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Recoverability of carrying value of Inventories, advances paid towards land procurement and deposits paid
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under joint development arrangements (JDA)
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Refer note 3(m), 3(g), 3(l) and 3(y) to the standalone
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Our procedures in assessing the carrying value of the
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financial statements for accounting policies on
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inventories, land advances and deposits paid under joint
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inventories, advances paid towards land procurement
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development and collaboration agreements included, but
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and deposits paid against joint development and
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were not limited to the following:
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collaboration agreements and note 10, 15 and 16 for
related financial disclosures.
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•
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Evaluated the appropriateness of accounting policies
with respect to inventories, land advances and deposits
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As at 31 March 2025, the carrying value of the inventory
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paid under joint development and collaboration
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comprising of work in progress (including stock of units
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agreements in terms of principles enunciated under
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in completed projects) and stock at sites is ' 26,263.35
million, land advances is ' 68.20 million and deposits
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applicable accounting standards;
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paid against joint development and collaboration
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•
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Evaluated the design and tested operating effectiveness
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agreements is ' 363.45 million, which represents a
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of key controls related to testing of NRV/ net recoverable
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significant portion of the Company’s total assets.
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value vis-a-vis carrying amount of inventory, land
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The inventories are carried at lower of cost and net
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advances and deposits paid under joint development
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realisable value (‘NRV’). The determination of the
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and collaboration agreements;
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NRV involves estimates based on prevailing market
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•
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Inquired with management to understand key
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conditions and taking into account the estimated future
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assumptions used in determination of the NRV/ net
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selling price, cost to complete projects and selling costs.
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recoverable value; and
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Advances paid by the Company to the landowners
towards outright purchase of land is recognised as
land advance under other assets during the course of
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•
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Obtained and tested the computation of the NRV/ net
recoverable value on a sample basis.
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transferring the legal title to the Company after which it
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For inventory balance:
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is transferred to land stock under inventories. Further,
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•
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Obtained and assessed the Company’s methodology
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deposits paid under joint development and collaboration
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applied and assumptions used in assessing the net
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arrangements are in the nature of non-refundable and/
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realizable value based on current market conditions
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or refundable deposits, for acquiring the development
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and having regard to expected launch of the project,
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rights. On the launch of the project, the non-refundable
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project development plan and expected future sales
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amount is transferred as land cost to work-in-progress.
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less selling costs;
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The aforesaid deposits and advances are carried at the
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•
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Compared the NRV to recent sales in the project or to
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lower of the amount paid and net recoverable value,
which is based on the management’s assessment
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the estimated selling price;
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including the expected date of commencement and
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•
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Compared the estimated construction costs to complete
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completion of the project and the estimate of sale prices
and construction costs of the project.
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each project with the Company’s updated budgets;
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Key audit matter
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How our audit addressed the key audit matter
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Due to the significance of the balance to the standalone
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•
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Where the management involved specialists to perform
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financial statements as a whole and the involvement
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valuations, evaluated the objectivity and independence
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of estimates which require significant management
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of those specialists and involved auditor’s experts to
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judgement, recoverability of carrying value of
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review the assumptions used by the management
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inventory, land advances and deposits paid under joint
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specialists; and
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development and collaboration agreements is identified
as a key audit matter.
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•
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For land stock, on a sample basis, obtained the
fair valuation reports and reviewed the valuation
methodology, key estimates and assumptions adopted
in the valuation by involving auditor’s valuation experts.
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For land advances/ deposits paid under joint development
and collaboration agreements:
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•
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Obtained an update on the status of the land acquisition/
project progress from the management and verified
the underlying documents for related developments
to assess Company’s rights over the land parcels and
evaluated management’s assessment of expected
recoverability of land advances / deposits paid under
joint development and collaboration agreements;
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•
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Carried out external confirmation procedures on
sample basis and alternative procedures wherever
confirmations were not received to obtain evidence
supporting the carrying value of land advance and
deposits paid under joint development and collaboration
agreements; and
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•
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Assessed the adequacy of disclosures included in the
standalone financial statements in compliance with the
applicable accounting standards.
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Impairment assessment of investments, loans and other balances receivable from its subsidiaries
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Refer note 3(k) and 3(y) to the standalone financial
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Our procedures in relation to the impairment assessment
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statements for the accounting policies on the
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of investments, loans and other balances receivable from
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impairment assessment of the investments, loans
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subsidiaries included, but not limited to the following:
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and other balances (including trade receivables,
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Assessed the appropriateness of the relevant
accounting policies of the Company, including those
relating to recognition and measurement of investments,
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unbilled receivables and security deposits) receivable
from its subsidiaries and note 39 for related financial
disclosures.
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loans and other balances receivable by comparing with
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As at 31 March 2025, the carrying value of investments
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the applicable accounting standards;
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in, loans extended to and other recoverable from
the subsidiaries aggregates to ' 3,084.82 million, '
8,606.50 million and ' 3,905.59 million respectively
(net of impairment of ' 20.08 million, ' 25.78 million
and ' 47.07 million on investments, loans and other
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•
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Obtained an understanding of the management process
for identification of possible impairment indicators and
process performed by the management for impairment
testing in accordance with Ind AS 36 and Ind AS 109;
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recoverable respectively).
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•
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Evaluated the design and tested operating effectiveness
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Management reviews regularly whether there are any
indicators of impairment as per the requirements under
Ind AS 36 “Impairment of Assets” (Ind AS 36) and Ind
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of Company’s key controls in respect of identification of
impairment indicators and consequential impairment
tests performed, wherever necessary;
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AS 109 “Financial Instruments” (‘Ind AS 109’).
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•
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Assessed the valuation methods used, financial
position of the subsidiaries to identify excess of their
net assets over their carrying amount of investment
by the Company and assessing profit history of those
subsidiaries;
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Key audit matter
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How our audit addressed the key audit matter
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Significant judgements are involved in determining
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• Where the Company involved management’s expert
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impairment/recoverability of the carrying value, which
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to perform valuations, we also performed the following
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includes assessment of conditions and financial
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procedures:
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indicators of the investee such as assessing net worth
of investee, future business plans, upcoming projects
and estimation of projected cash flow from the real
estate projects in the underlying entities.
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o Obtained and read the valuation report used by
the management for determining the fair value
(‘recoverable amount’);
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Considering the materiality of carrying value of
investments, loans, and other receivables from
subsidiaries in the context of the Company’s standalone
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o Considered the competence and objectivity of the
management’s expert involved in determination of
recoverable value; and
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financial statements as a whole and significant degree
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o Involved auditor’s experts to review the key
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of judgement and subjectivity involved in the estimates
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assumptions used by the management’s expert.
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and key assumptions used in determining the cash
flows used in the impairment evaluation, impairment
assessment of investments, loans and other balances
receivable from subsidiaries is considered to be the
area of most significance to the audit and accordingly,
has been identified as a key audit matter.
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• Tested the assumptions and obtained understanding
of the forecasted cash flows of subsidiaries based on
our knowledge of the Company and the markets in
which they operate and assessed the comparability of
the forecasts with historical information. Traced such
projections to approved business plans; and
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• Assessed the adequacy of disclosures included in the
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standalone financial statements in compliance with the
applicable accounting standards.
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INFORMATION OTHER THAN THE STANDALONE
FINANCIAL STATEMENTS AND AUDITOR’S
REPORT THEREON
6. The Company’s Board of Directors are responsible for
the other information. The other information comprises
the information included in the Annual Report, but
does not include the standalone financial statements
and our auditor’s report thereon. The Annual Report is
expected to be made available to us after the date of this
auditor’s report.
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 identified above when it become available
and, in doing so, consider whether the other information
is materially inconsistent with the standalone financial
statements or our knowledge obtained in the audit or
otherwise appears to be materially misstated.
When we read the Annual Report, if we conclude
that there is a material misstatement therein, we are
required to communicate the matter to those charged
with governance.
RESPONSIBILITIES OF MANAGEMENT AND
THOSE CHARGED WITH GOVERNANCE FOR THE
STANDALONE FINANCIAL STATEMENTS
7. The accompanying standalone financial statements have
been approved by the Company’s Board of Directors.
The Company’s Board of Directors are responsible
for the matters stated in section 134(5) of 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
including other comprehensive income, changes in
equity and cash flows of the Company in accordance
with the Ind AS specified under section 133 of the Act
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 statements
that give a true and fair view and are free from material
misstatement, whether due to fraud or error.
8. 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.
9. The Board of Directors is also responsible for overseeing
the Company’s financial reporting process.
AUDITOR’S RESPONSIBILITIES FOR THE AUDIT
OF THE STANDALONE FINANCIAL STATEMENTS
10. 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 Standards on Auditing 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.
11. As part of an audit in accordance with Standards
on Auditing, specified under section 143(10) of the
Act 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. 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 management;
• Conclude on the appropriateness of 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 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; and
• 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.
12. 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.
13. 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.
14. 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
15. As required by section 197(16) of the Act, based on our
audit, we report that the Company has paid remuneration
to its directors during the year in accordance with the
provisions of and limits laid down under section 197 read
with Schedule V to the Act.
16. As required by the Companies (Auditor’s Report) Order,
2020 (‘the Order’) issued by the Central Government of
India in terms of section 143(11) of the Act we give in
the Annexure A, a statement on the matters specified in
paragraphs 3 and 4 of the Order, to the extent applicable.
17. Further to our comments in Annexure A, as required by
section 143(3) of the Act based on our audit, we report,
to the extent applicable, 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 purpose of our audit of
the accompanying standalone financial statements;
b) Except for the matters stated in paragraph 17(h)
(vi) below on reporting under Rule 11(g) of the
Companies (Audit and Auditors) Rules, 2014
(as amended), 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 standalone financial statements dealt
with by this report are in agreement with the
books of account;
d) In our opinion, the aforesaid standalone financial
statements comply with Ind AS specified under
section 133 of the Act;
e) On the basis of the written representations received
from the directors and taken on record by the Board
of Directors, none of the directors is disqualified
as on 31 March 2025 from being appointed as a
director in terms of section 164(2) of the Act;
f) The reservation relating to the maintenance of
accounts and other matters connected therewith
are as stated in paragraph 17(b), above on
reporting under section 143(3)(b) of the Act and
paragraph 17(h)(vi) below on reporting under Rule
11(g) of the Companies (Audit and Auditors) Rules,
2014 (as amended);
g) With respect to the adequacy of the internal financial
controls with reference to standalone financial
statements of the Company as on 31 March 2025
and the operating effectiveness of such controls,
refer to our separate report in Annexure B wherein
we have expressed unmodified opinion; and
h) 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, as detailed in note 38 to the
standalone financial statements, has disclosed
the impact of pending litigations on its financial
position as at 31 March 2025;
ii. The Company did not have any long-term
contracts including derivative contracts for
which there were any material foreseeable
losses as at 31 March 2025;
iii. There were no amounts which were required
to be transferred to the Investor Education and
Protection Fund by the Company during the
year ended 31 March 2025;
iv. a. The management has represented that,
to the best of its knowledge and belief, as
disclosed in note 47C to the standalone
financial statements, no funds have
been advanced or loaned or invested
(either from borrowed funds or securities
premium or any other sources or kind of
funds) by the Company to or in any person
or entity, including foreign entities (‘the
intermediaries’), with the understanding,
whether recorded in writing or otherwise,
that the intermediary shall, whether,
directly or indirectly lend or invest in
other persons or entities identified in any
manner whatsoever by or on behalf of the
Company (‘the Ultimate Beneficiaries’) or
provide any guarantee, security or the
like on behalf the Ultimate Beneficiaries;
b. The management has represented that,
to the best of its knowledge and belief, as
disclosed in note 47D to the standalone
financial statements, no funds have
been received by the Company from
any person or entity, including foreign
entities (‘the Funding Parties’), with the
understanding, whether recorded in
writing or otherwise, that the Company
shall, whether directly or indirectly, lend
or invest in other persons or entities
identified in any manner whatsoever
by or on behalf of the Funding Party
(‘Ultimate Beneficiaries’) or provide any
guarantee, security or the like on behalf
of the Ultimate Beneficiaries; and
c. Based on such audit procedures
performed as considered reasonable
and appropriate in the circumstances,
nothing has come to our notice that
has caused us to believe that the
management representations under
sub-clauses (a) and (b) above contain
any material misstatement.
v. The Company has not declared or paid
any dividend during the year ended 31
March 2025; and
vi. As stated in Note 46 to the standalone financial
statements and based on our examination
which included test checks except for
instances mentioned below, the Company, in
respect of financial year commencing on 1
April 2024, has used accounting software for
maintaining its books of account which have a
feature of recording audit trail (edit log) facility
and the same have been operated throughout
the year for all relevant transactions recorded
in the software. Further, during the course of
our audit we did not come across any instance
of audit trail feature being tampered with,
other than the consequential impact of the
exceptions given below. Furthermore, except
for instances mentioned below, the audit trail
has been preserved by the Company as per
the statutory requirements for record retention.
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Nature of exception noted
|
Details of exception
|
|
Instances of accounting software
maintained by a third party where
we are unable to comment on the
audit trail feature at database level
|
The accounting software used for maintaining accounting records of the Company
are operated by third party software service provider. The Independent Service
Auditor’s Assurance Report on the Description of Controls, their Design and
Operating Effectiveness’ (‘Type 2 report’) issued in accordance with ISAE 3402,
Assurance Reports on Controls at a Service Organization) was available for part of
the year. In the absence of any information on existence of audit trail (edit logs) for
any direct changes made at the database level in the Type 2 report, we are unable
to comment on whether the audit trail feature with respect to the database level of
the said software was enabled and operated throughout the year.
|
| |
|
Nature of exception noted
|
Details of exception
|
|
Instances of accounting software
for maintaining books of account
for which the feature of recording
audit trail (edit log) facility was
not operated for all relevant
transactions recorded in the
software
|
The audit trail logs in the accounting software used for maintenance of the customer
and channel partners master are retained only for six months for any direct data
changes made at the database level throughout the year, by the Company.
|
|
Instances of non-preservation of
the audit trail
|
The audit trail logs in the accounting software used for maintenance of the customer
and channel partners master are not preserved as per the statutory requirements
for record retention for any direct data changes made at the database level.
|
| |
The audit trail logs preserved by the Company for the accounting software used
for maintenance of payroll records for the period 1 August 2023 to 31 March 2024
does not include the details of who made the changes i.e., User Id and when the
changes were made i.e., timestamp at the application level.
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For Walker Chandiok & Co LLP
Chartered Accountants
Firm’s Registration No.: 001076N/N500013
Deepak Mittal
Partner
Place: Gurugram Membership No.: 503843
Date: 15 May 2025 UDIN: 25503843BMLCPW3274
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