Date: May 28, 2022

To, To, Dalal Street, Fort Bandra - Kurla Complex

The Manager — CRD National Stock Exchange of India Limited BSE Limited The Corporate Relation Department, Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block Mumbai — 400001 Bandra (E) Mumbai - 400 051 Ref.: Script Code 521220 Script Name : DAMODARIND

Dear Sir/Madam,

Sub: Audited Financial Results for the quarter and year ended 31.03.2022 - Outcome of Board Meeting held today (28.05.2022).

Pursuant to Regulation 30 & Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors in their meeting held today, i.e., May 28, 2022, have taken the following decisions:

The Board has approved the Audited Financial Results for the Quarter and year ended on March 31, 2022 and Statement of Assets and Liabilities for the year ended March 31, 2022.

Pursuant to Regulation 33 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, we are enclosing herewith:

(i) Audited Financial Results for the Quarter and year ended on March 31, 2022 and Statement of Assets and Liabilities for the year ended March 31, 2022.
(ii), Audited Report on the Audited Financial Results issued by M/s. Swati Kanse & Co., Statutory Auditors of the Company.
(ili) Declaration for the unmodified Auditors' Report.
1. Recommended a dividend of Rs. 0.50 /- (10%) per Equity Share on 2,33,00,000 Equity Shares of Rs. 5/- each for the Financial Year ended March 31, 2022, subject to the approval of Shareholders at the ensuing Annual General Meeting of the Company, will be credited/dispatched within the stipulated period.
1. The register of members and share transfer books of the Company will remain closed from Tuesday, July 19, 2022 to Friday, July 22, 2022 (both days inclusive) for the 34th Annual General Meeting and for considering the payment of final dividend.
1. Approved the revised remuneration of Mr. Arunkumar Biyani, Chairman & whole time director for the year of 2022-23 subject to the approval of Shareholders at the ensuing Annual General Meeting of the Company.

Regd.Office : 19/22 & 27/30, Madhu Estate, Pandurang Budhkar Marg, Worli, Mumbai - 400 013. Tel : +91-22-49763203

Factory : Survey No. 265 / 10/1, Demni Road, Dadra Village, D.& N. H. (U. T.) - 396 230 Tel.: 0260 3253390 'T- 26, MIDC Amravati, Addl. Indl. Area, MIDC, Textile Park, Nandgaon Peth, Maharashtra - 444 901. t

Approved the revised remuneration of Mr. Ajay Biyani, Managing Director for the year of 2022-23 subject to the approval of Shareholders at the ensuing Annual General Meeting of the Company.

1. Approved the revised remuneration of Mr. Anil Biyani, whole time director for the year of 2022-23 subject to the approval of Shareholders at the ensuing Annual General Meeting of the Company.
1. Board Report along with its annexures.
1. M/s. Dilip M. Bathija (FRN 100106) has been appointed as a Cost Auditor for the Financial Year 2022-23 and ratified his remuneration subject to approval of the shareholders.
1. Considered and Approved the Appointment of M/s K. Maliwal & Associates, Chartered Accountants, as Internal Auditor for conducting Internal Audit of the Company of the Company for the year 2022-23 pursuant to the provisions of Section 138 of the Companies Act, 2013.
1. Considered and approved the appointment of M/s. Pramod Jain & Co. Company Secretaries, as Secretarial Auditor for the year 2022-2023.
1. Approved convening the 34° Annual General Meeting (AGM) of the Company on Wednesday, August 17, 2022 through video conference/other audio-visual means (VC/OAVM) in compliance with the circulars issued by the Ministry of Corporate Affairs and SEBI in this regard. Further details on the manner of attending the AGM through VC/OAVM and voting by shareholders will be set out in the Notice of the 34° AGM.

The detailed profile of M/s K. Maliwal & Associates, Chartered Accountants and M/s. Pramod Jain & Co. Company Secretaries, as per the requirement of Regulation 30 of Listing Regulations read with SEB! Circular CIR/CFD/CMD/4/2015 * dated 9th September, 2015 the information is given in Annexure "1" & "2".

The meeting of the Board of Directors commenced at 2:45 P.M, and Concluded at5:}5P.M.

We are arranging to publish the results in the Newspapers as per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

You are requested to kindly take the same on record.

Thanking you, For Damodar Industries Limited

Subodh Kumar Soni Company Secretary

Regd.Office : 19/22 & 27/30, Madhu Estate, Pandurang Budhkar Marg, Worli, Mumbai - 400 013. Tel : +91-22-49763203

Factory : Survey No. 265 / 10/1, Demni Road, Dadra Village, D.& N. H. (U. T.) - 396 230 Tel.: 0260 3253390 :T- 26, MIDC Amravati, Addl. Indl. Area, MIDC, Textile Park, Nandgaon Peth, Maharashtra - 444 901. ——

Email : [email protected] | Website : www.damodargroup.com|GST No. : 27AAACD3850G1ZV|CIN : L17110MH1987PLC045575 Semel

Annexure "1"

DAMODAR	INDUSTRIES LIMITED

	*
	Annexure "1"

	Mr. Kamlesh Kumar Maliwal, Chartered Accountants (K. Maliwal & Associates) FRN No.024635C, has been appointed as
Internal Auditor of the Company.

	Disclosure as required under SEBI's circular no. CIR/CFD/ CMD/4/20'15 dated 9th September 2015 are as under:—
Particulars	Details
Name of Internal Auditor	Mr. Kamlesh Kumar Maliwal
Reason of Change	Appointment of Internal Auditor
Dated of Appointment Brief Profile	w.e.f. May 28, 2022 Kumar Kamlesh Chartered Accountants, Maliwal having vast Mr. experience in field of Internal Audit & Taxation also having experience companies conducting internal/concurrent audit similar of of in industry.
	Qualifications: The Member of thé Institute of Chartered Accountants
	of India. Disclosure of relationships between directors Not related to any Director/KMP of the Company

	Annexure "2"
Internal Auditor of the Company.	Mr. Pramod Kumar Jain, Practcing Company Secretary, (M/s. Pramod Jain & Co.) CP.No.11043, has been appointed as
	Disclosure as required under SEBI's circular no. CIR/CFD/ CMD/4/20'15 dated 9th September 2015 are as under:—

Particulars	Details
Name of Internal Auditor	Mr. Pramod Jain & Co.
Reason of Change	Appointment of Secretarial Auditor

Particulars	Details
Name of Internal Auditor	Mr. Kamlesh Kumar Maliwal
Reason of Change	Appointment of Internal Auditor
Dated of Appointment	w.e.f. May 28, 2022
Brief Profile	Kamlesh Kumar Chartered Accountants, Maliwal having vast Mr. experience in field of Internal Audit & Taxation also having experience companies conducting internal/concurrent audit similar of of in industry.
	Qualifications: The Member of thé Institute of Chartered Accountants of India.
	Disclosure of relationships between directors Not related to any Director/KMP of the Company
	Annexure "2"

	Disclosure as required under SEBI's circular no. CIR/CFD/ CMD/4/20'15 dated 9th September 2015 are as under:—
Particulars	Details
Name of Internal Auditor	Mr. Pramod Jain & Co.
Reason of Change	Appointment of Secretarial Auditor
Dated of Appointment	w.e.f. May 28, 2022 ;
Brief Profile	2012 by Mr. Company Corporate Secretaries, and specializes in Securities, Legal Due Diligence, Winding-up etc.
	M/s. Pramod Jain & Co., Company Secretaries, established in the year Pramod Kumar Jain for providing legal & regulatory services related to various Corporate Laws, M/s. Pramod Jain & Co., Finance Consultancy in the areas of Legal Compliances, Corporate Governance Audit, Secretarial Audit, Public & Right issue of Securities, Listing of The dynamic professionals of the organization are very well exposed dealing various regulatory authorites with Registrar like in Company Law Companies Regional Director (RD), National (ROC), Ministry of Corporate Affairs (MCA), Securities & Tribunal (NCLT), Exchange Board of India (SEBI), Stock Exchanges etc.

Regd.Office : 19/22 & 27/30, Madhu Estate, Pandurang Budhkar Marg, Worli, Mumbai - 400 013. Tel : +91-22-49763203

Factory : Survey No. 265 / 10 / 1, Demni Road, Dadra Village, D.& N. H. (U. T.) - 396 230 Tel.: 0260 3253390 :T- 26, MIDC Amravati, Addl. Indl. Area, MIDC, Textile Park, Nandgaon Peth, Maharashtra - 444 901.

Email : [email protected] | Website : www.damodargroup.com|GST No. : 27AAACD3850G1ZV|CIN : L17110MH1987PLCO45575

DAMODAR INDUSTRIES LIMITED Regd.Office: 19/22 & 27/30, Madhu Estate, Pandurang Budhkar Marg, Worli, Mumbai - 400013 Corporate Identity Number : L17110MH1987PLC045575

	DAMODAR INDUSTRIES LIMITED
	Regd.Office: 19/22 & 27/30, Madhu Estate, Pandurang Budhkar Marg, Worli, Mumbai - 400013 Corporate Identity Number : L17110MH1987PLC045575				#
	E-mail:[email protected] website:www.damodargroup.com AUDITED FINANCIAL RESULTS FOR THE QUARTER	Tel: +91 — 022 -4976 3203
Sr. No.	Particulars	AND YEAR ENDED 31st MARCH, 2022 (Rs. Quarter Ended Year Ended
						In Lacs)
1	Income from operations:				31.03.2022 31.12.2024 31.03.2021 31.03.2022 31.03.2024
	(a)Net Sales/Income from operations:		(Audited) (Unaudited)	(Audited)	(Audited) (Audited)
	(b)Other Income Total Income from Operations	25,290.89 85.98	24,491.80] 73.78	564.22	21,531.09 90,860.27 275.82	56,763.97 742.76
2	Expenditure a)(Increase)/Decrease in stock in process & finished goods		25,376.87 24,565.58 22,095.31 91,136.09			57,506.73
	i) Raw Material Consumed b) il) Goods Traded	(1,795.28) 14,917.34	(30.80)	90.85 13,287.44 10,445.64 49,264.70	(1,784.90)	1,990.08 28,906.83
	c) Finance costs	6,332.18 699.54	5,381.02 757.92	879.22	5,806.50 22,707.69} 2,888.26	13,705.90 3,072.17
	d) Employees cost e) Depreciation and Amortization expenses	1,081.48 574.47	973.75 592.70	893.32 641.37	3,802.11	2,605.26
	f) Other expenditure	2,610.97	2,470.66	2,121.52	2,357.83 8,978.56	2,410.19 5,684.22
	Total Expenses 3__ Profit/(Loss) from Operations before Exceptional ltems(1-2)	24,420.70 956.17	1,132.89	23,432.69 20,878.42 88,214.25		58,374.65
4 5	Exceptional Items Profit/(Loss) from Ordinary Activities before tax (344)	- 956.17	- 1,132.89	1,216.89 - 1,216.89	2,921.84 - 2,921.84	(867.92) - (867.92)
6	Tax Expense: a) Current Tax b) Deferred Tax	167.06	204.81		510.50	-
	c) Prior year tax adjustment d) MAT Credit Entitlement	357.01 - (167.06)	466.13 - (204.81)	397.92 -	1,086.40 -	(248.24) -
7 8	___ Net Profit/(Loss) from Ordinary Activities after tax (5-6) __ Extraordinary Items	599.16	666.76	- 818.97	(510.50) 1,835.44	- (619.68)
9 10	___ Net Profit/(Loss) for the period (7-8) Other Comprehensive Income	- 599.16	: 666.76	- 818.97	- 1,835.44	(619.68)
	A.ltem that will not be reclassified to profit or loss Remeasurement of Defined Benefit Plan (Net of Tax) (i) Item that will be reclassified subsequently to profit or loss B.	(6.07)	-	(4.78)	(6.07)	* (4.78)
	(i) Gain/(loss) on Cash Flow Hedge (Net of Tax) Other Comprehensive Income,net of tax	(13.87)	12.68	(10.93)	(15.62)	496.71
	11__ Total comprehensive Income for the period	(19.94) 619.10	12.68 679.44	(15.71) 803.26	(21.69) 1,857.13	491.93
13	12__ Paid up Share Capital (Equity Share of Rs.5 each) _ Other Equity	1,165	1,165	1165	1,165 10,377.06	(127.75) 1165.00 8,519.93

Regd Off : 19/22 & 27/30, Madhu Estate, Pandurang Budhkar Marg, Worli, Mumbai - 400013

	DAMODAR INDUSTRIES LIMITED
	Regd Off : 19/22 & 27/30, Madhu Estate, Pandurang Budhkar Marg, Worli, Mumbai Audited Statement of Assets & Liabilities as on 31st March,2022		- 400013
			(Rs. in Lacs)
SI No.	Particulars	As at 31.03.2022 As at 31.03.2024
		Audited	Audited
1	ASSETS Non-Current assets
	a) Property, Plant and Equipment	21,526.95	23,694.16
	b) Capital Work-in-Progress c) Investment Properties	-	51.62
	d) Goodwill
	€) Intangible assets	30.34	53.45
	f) Intangible Assets Under Development g) Financial Assets
	(i) Loans
	(ii) Other Non - Current Financial Assets h) Other Non - Current Assets	187.28	142.98
	Total Non-Current Assets	83.02 21,827.59	67.77 24,009.98
2	Current Assets
	a) Inventories	8,728.49	7,862.14
	b) Financial Assets (i) Investments
	(ii) Trade Receivables	10,145.86	8,086.63
	(iil) Cash and Cash Equivalents	153.01	63.69
	(iv) Bank Balance Other Than Cash & Cash Equivalents (v) Loans	25.43 44.27	28.12
	(vi) Other Current Financial Assets	27.26	44.50 8.44
	c) Current Tax Assets (Net) d) Other Current Assets	129.45 3,973.78	165.45
	Total Current Assets	23,227.25	4,306.25 20,565.22
I	TOTAL ASSETS	45,054.84	44,575.20
1	EQUITY AND LIABILITIES
	Equity a) Equity Share Capital
	b) Other equity	1,165.00 10,377.06	1,165.00 8,519.92
	Total Equity	11,542.06	9,684.92
2	Liabilities
(i)	Non-Current Liabilities a) Financial Liabilities
	(i) Borrowings	17,932.86
	(ii) Other Financial Liabilities b) Provisions		19,753.28
	¢) Deferred Tax Liabilities (net)
	d) Other Non- Current Liabilities	606.45	18.90
	Total Non-Current Liabilities	18,539.31	19,772.18
(ii)	Current Liabilities
	a) Financial liabilities (i) Borrowings
	(il) Trade Payables	10,981.10 1,032.62	10,865.71 1,480.66
	(iii) Other Financial Liabilities b) Other Current Liabilities & Provisions	2,592.44	2,516.79
	Total Current Liabilities	367.31 14,973.47	254,94 15,118.10
	Total Liabilities	33,512.78	34,890.28
	TOTAL EQUITY AND LIABILITIES

Notes:

1) The Audit above Committee results for the Quarter and Year ended March 31, 2022 were reviewed and recommended by the and subsequently approved by the Board of Directors in its Meeting held on May 28,2022,

2) March The Board 2022. of Directors have recommended dividend of Rs. 0.50/-per share (10%) for the year ended 31st
3) The figures of last quarter are balancing figures between the Audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the current financial Year.

4) hence The business activity of the Company falls withi na single primary business segment viz " Textile Goods" and there is no other reportable segment.

5) The figures for the previous financial period/year have been re-classified/re-arranged/re-grouped necessary wherever to make them comparable.

By Order of the Board of Directors For Damodar Industries Limited

Place : Mumbai Date : 28th May, 2022

Arunkumar Biyani Chairman

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH , 2022

CASH FLOW STATEMENT FOR THE Particulars	YEAR ENDED 31ST MARCH , 2022 Current Year		Previous Year
	Rs.	Rs.	As.	Rs.
A. CASH FLOW FROM OPERATING ACTIVITIES Net Profit/{loss} Before Tax & Extraordinary ltams		2,921.84
				{867.92}
Adjustment for :
Depreciation and emortisation Finance cost	2,357.84 2,888.26		2,440.19 3,072.17
Sundry Balances & Bad cebis written off	142.56		-
Dividend received Lass/{Profit} on Sale of Fined Assets	{0.11} (239.84)		(0.11) (509.45)
Foreign Exchange (Gain)/ Loss {Net}	{17.90}		54.51
Operating Profit Before Working Capital Changes		§,130.81		5,027.41
		8,052.65.		4,159.49
Agjustment for:
Trade & Other Recewable Inventories	{2,623.31} (866.35)		470.00 2,914.22
Trade Payable	(338.99)		(2,275.62)
Cash generated from Operations		(3,028.65) 5,024.06		508,50 4,658.09
Direct Tax psidinet}		(474,51)		26,82
Cash flow betore Extra-Ordinary Items Prior Years Tax Adjustments		4,549.49 =		4,694,91 -
Net Cash fram Operating Activities A		4,549.49		4,694.91
B. CASH FLOW FROM INVESTING ACTIVITIES :
Purchases of Plant & Equipmeni/iniangible Assets & Capital Work in
Progress	(473.58)		(380.78)
Agvance for Capital Goods	(43.15}
Drvidend received Sale proceeds of Property. pleat & Equioment	0.41 597.54		O.41 1,317.69
Fixed Deposits with Banks	(44.30)		21.55
Nat Cash used in Investing Activities B
		36.58		758.57
C, CASH FLOW FROM FINANCING ACTIVITIES
Preceads/{repayments} from Borrowings & Fixed deposits	(1,626.37)		(2,304.43)
Finance Cost	(2,588.26)		(3,072.17)
Dividend Tax on Dividend	" 2		- =
Net Cash used in Financing Activities €		(4,514,633		{8,375.60}

Foreign Exchange Gain (Nest)		47.50		(54.61)
Net intreese in cash and cash equivalents (A+B+C}		89,34		22.37
Opening Balance of Cash & Cash Equivalents
		63.68		Al ai
Closing Balance of Cash & Cash Equivalents		153.02		53.68

ES LIMITED

Date: May 28, 2022

Ta, To, The Manager - CRD

BSE National Stock Exchange'of India Limited Limited The Corporate Relation Department, Phiroze Jeejeebhoy Towers, Dalal Exchange Plaza, Plot no. CH, G Block Street, Fort Bandra - Kurla Complex Mumbai — 400001 Bandra (£) Mumbai - 400 054 Ref.:; Script Code 521220 Script Symbo! : DAMODARIND

Dear Sir/Madam,

Sub: (Amendment) Declaration under Regulations,2016 Regulation 33 (3}(d) of SEBI (Listing Obligations and Disclosure Requirements) and SEBI Circular No. Cl RICFD/ICMD56/2016.

DECLARATION

In compliance with the Provision of Regulation 33(3){d) of SEBI {Listing Obligations and Disclosure Requirements) (Amendment) Regulations.2016 and SEBI Circular No. CIR/CFD/CMD56/2016, | hereby declare that M/s, Swati Kanse & Co., Chartered Accountant (FRN-132689W), Statutory Auditor of the Company, have issued -an Audit® Report with Unmodified opinion on Audited Financial Results (Standalone) of the Company for the Quarter and Year ended March 31, 2022. Regd. Office : 19/22 & 27/30, Madhu Estate, Pandurang Buchkar Marg, Worli, Mumbai - 400 013. Yel : +91-22-49763203

Kindly take on record

Thanking You, For Damodar oO Limited

ee" TP

Factory : Survey No. 265 / 10 / 1, Demni Road, Dadra Village, D.& N. H. (U. 7} - 396 230 Tel. 0260 3253390 iT- 26, MIDC Amravati, Addl. Indl. Area, MIDE, Textile Park, Nandgaon Peth, Maharashtra - 444 901, Email : [email protected] | Website : wwew.damodargroup.com|GST No. ; 27AAACOIB50G12V CIN : LAFLIOMH1987PLC045575

Swati Kanse & Co. |

Chartered Accountants E-mail : [email protected]

Mobile : +91 9819589318

C-101, Gala Mansion, Opp. Jai Hind Cinema, Bhai Bal Mukund Marg, Chinchpokli (E), Mumbai - 400 012.

independent Auditor's Report on Annual Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015, as amended ^~

The Board of Directors of Damodar Industries Limited

Opinion

We have audited the accompanying statement of quarterly and year to date financial results of Damodar Industries Limited (the "Company") for the quarter ended March 31, 2022 and for the year ended March 31, 2022 ("Statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements Regulation, 2015, as amended (the "Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, the Statement:

i. Is presented in accordance with the requirements of the Listing Regulations in this regard; and
ii. gives a true and fair view in conformity with the applicable accounting standards and other accounting principles generally accepted in India, of the net loss and other comprehensive loss and other financial information of the Company for the quarter ended March 31, 2022 and for the year ended March 31,2022.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Companies Act, 2013, as amended ("the Act). Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the Financial results" section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Charted Accountants of India together with the ethical requirements that are relevant to our audit of the 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 obtained by us is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibilities for the Financial Results

nd fair view of the net loss and other comprehensive loss of the Company and other rmation in accordance with the applicable accounting standards prescribed under

Swati Kanse & Co. Mobile; +91 ^9819589318

Chartered Accountants E-mail : [email protected]

C-101, Gala Mansion, Opp. Jai Hind Cinema, Bhai Bal Mukund Marg, Chinchpokli (E), Mumbai - 400 012.

Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulations 33 of the Listing Regulations. 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 the 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 Statement that gives a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Statement, the Board of Directors are 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 are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole is 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 decision of user taken on the basis of the Statement.

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 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 financial st effectiveness of such controls. lace and the operating

Swati Kanse & Co. |

Chartered Accountants E-mail : [email protected]

Mobile : +91 9819589318

C-101, Gala Mansion, Opp. Jai Hind Cinema, Bhai Bal Mukund Marg, Chinchpokli (E), Mumbai - 400 012.

^eEvaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
^eConclude on the appropriateness of the Board of Director'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.
^eEvaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.

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 out independence, and where applicable, related safeguards.

Other matter

The Statement includes the results for the quarter ended March 31, 2022 being the balancing figure between the audited figures in respect of the full financial year ended March 31, 2022 and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

For Swati Kanse & Company Chartered Accountants Firm Registration No : 132689W

(Swati Kanse)

Proprietor' Membership No : 130690 UDIN: 22130690 ATUT RD LAUD Place : Mumbai Date: 28 May, 2022

AI assistant

Damodar Industries Limited Interim / Quarterly Report 2022