AI assistant
Donear Industries Ltd Audit Report / Information 2021
61944_rns_2021-06-22_7abe686e-03ee-4c47-b99c-211b5fca4cf6.pdf
Audit Report / Information
Open in viewerOpens in your device viewer
Donear House, Plot No. A-50, Road No. - 1, MIDC., Andheri (E), Mumbai - 400 093. Tel : 022 - 68348100 (Board Line) I Fax: 022 - 68348313 E: [email protected] Web: www.donear.com CLN : L99999MH1987PLC042076
June 22, 2021
INDUSTRIES LTD. ]
To, The Manager, Corporate Relations Department, BSE Limited Phiroze Jeejeebhoy Tower, Dalal Street, Fort, Mumbai - 400 00 I Scrip Code: 512519
The Manager, Listing Department, National Stock Exchange of India Limited, Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051 Symbol: DONEAR
Sub: Outcome of Board Meeting of Donear Industries Limited held on June 22, 2021.
Dear Sir/ Madam,
I. The Board of Directors of the Company at its meeting held today, i.e. June 22, 2021, has interalia, approved the Audited Standalone Financial Results for the quarter and financial year ended March 3 I , 2021 .
Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 , we enclose herewith the following:
- a) Auditor's Report issued by M/s. Kanu Doshi Associates LLP, Chartered Accountants (Firm Registration No: 104746W/Wl00096), Statutory Auditors of the Company on Standalone Financial Results of the Company for the quarter and financial year ended March 31, 2021;
- b) Audited Standalone Financial Results of the Company for the quarter and financial year ended March 31, 2021;
- c).,, Declaration regarding Auditor's Report with unmodified opinion.
-
- The Board has also recommended final dividend of Rs. 0.20/- per equity share of face value of -Rs. 2/- each for the financial year ended March 31, 2021 , subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company. The Dividend, if approved, shall be paid as per the timeline mentioned in Companies Act, 2013 and Listing Regulations.
The meeting of Board of Directors of the Company commenced at 3:45 p.m. and concluded at .6._: oop.m.
You are requested to take the above information on record.
Thanking you, Yours faithfully,
For Donear Industries Limited
-1-C@ r0tu ~
Ashok Agarwal Chief Financial Officer
Kanu Doshi Associates LLP Chartered Accountants
Mumbai Address: 203, The Summit, Hanuman Road, Western Express Highway, Vile Parle (E), Mumbai • 400 057 T: 022-2615 0100 / 111 / 112 • F: 022 2615 0113
Pune Address : 123, Sohrab Hall, 21 Sassoon Road, Opp. Jehangir Hospital, Pune • 411001 •T:0204906 7177 E : [email protected] • W : www.kdg.co.in
Independent Auditor's Report on the Quarterly and Year to Date Financial Results of the Company Pursuant to the Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
To,
The Board of Directors of Donear Industries Limited
Opinion
We have audited the accompanying statement of Financial Results of Donear Industries Limited ("the company") for the quarter ended March 31 , 2021 and the year to date statement for the period from April 01 , 2020 to March 31 , 2021 , attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Req~irements) Regulations, 2015, as amended ("Listing Regulations").
In our opinion and to the best of our information and according to the explanations given to us, these Financial results:
- (i) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
- (ii) give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting
principles generally accepted in India of the net profit and other comprehensive income and other financial information for the quarter ended March 31 , 2021 as well as the year to date statement for the period from April 01 , 2020 to March 31, 2021.
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 (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 Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the Financial Results under the provisions of the Companies Act, 2013 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.
Management's Responsibilities for the Financial Results
These quarterly financial results as well as the year to date financial results have been prepared on the basis of the annual financial statements. The Company's Board of Directors are responsible for the preparation of these Financial Results that give a true and fair view of
Kanu Doshi Associates LLP Continuation Sheet
the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standard prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 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 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 Financial Results, 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 Financial Results 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 Financial Results.
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 Financial Results, 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, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
- Conclude on the appropriateness of the 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
Kanu Doshi Associates LLP Continuation Sheet
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 statement 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 Financial Results, including the disclosures, and whether the Financial Results 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 our independence, and where applicable, related safeguards.
We also performed procedures in accordance with the circular No CIR/CFD/CMD1/44/2019 issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.
Other Matters
The standalone annual financial results include the results for the quarter ended 31 March 2021 being the balancing figures between the audited figures in respect of the full financial year and the published audited year to date figures up to the third quarter of the current financial year.
For Kanu Doshi Associates LLP Chartered Accountants Firm Registration No: 104 7 46W /W 100096 / 1,f~ ~ ~ &~1 E
KunalVakharia .~-- ·"" Partner 4CcouNi~~ Membership No: 148916 UDIN: 21148916AAAAER1471
Place: Mumbai Date: June 22, 2021
DONEAR INDUSTRIES LIMITED
Registered Office: Donear House, 8th Floor, Plot No A 50, Road No 1 MIDC, Andheri East, Mumbai-400093 CIN : L999999MH1987PLC042076 Website : www.donear.com EMAIL ID: [email protected]
| Particulars | ||||||
|---|---|---|---|---|---|---|
| Quarter Ended | Year Ended | |||||
| (Audited) | (Unaudited) | (Audited) | (Audited) | (Audited) | ||
| 31-03-2021 | 31-12-2020 | 31-03-2020 | 31-03-2021 | 31-03-2020 | ||
| Income | ||||||
| (a) Revenue from Operations | 14,926.51 | 11,932.79 | 12,586.54 | 35,760.78 | 54,793.92 | |
| (b) Other Income | 132.83 | 118.21 | 78.71 | 412.63 | 463.47 | |
| Total Income | 55,257.39 | |||||
| Expenses: | ||||||
| a) Cost of Materials consumed | 4,819.01 | 3,128.83 | 4,884.17 | 12,209.00 | 21,796.43 | |
| b) Purchase of Stock-in-trade | 1,901.16 | 1,496.02 | 823.17 | 4,678.13 | 4,473.51 | |
| c) Changes in Inventory of Finished goods, Work-in-progress and Stock-in-trade | 1,413.72 | 2,698.78 | 579.05 | 2,118.95 | 1,048.83 | |
| d) Employee Benefits Expenses | 1,377.87 | 1,099.27 | 1,686.04 | 4,344.20 | 7,025.00 | |
| e) Finance Costs | 456.55 | 380.16 | 474.31 | .834.31 | 2,422.20 | |
| f) Depreciation and Amortisation expense | 235.23 | 233.44 | 254.04 | 951.23 | 915.62 | |
| g) Other expenses | 15,729.74 | |||||
| 53,411.33 | ||||||
| Profit / (Loss) from ordinary activites before Exceptional items (1-2) | 557.14 | (116.34) | 200.10 | (878.06) | 1,846.06 | |
| 1,846.06 | ||||||
| - Current tax | 93.04 | 396.00 | ||||
| - Deferred tax | 121.73 | 26.78 | (76.12) | (251.08) | 251,96 | |
| - Income Tax for earlier years | 3.03 | 3.03 | ||||
| Total Tax Expenses | 121.73 | 26.78 | 19.95 | (251.08) | 650.99 | |
| Profit / (Loss) for the period (5 +/-6) | 435.41 | (143.12) | 180.15 | (626.98) | 1,195.07 | |
| Other Comprehensive Income, net of income tax | ||||||
| A. (i) Items that will be reclassified to Profit or Loss | ||||||
| 7.93 | ||||||
| (1.99) | ||||||
| 5.94 | ||||||
| Total Comprehensive Income for the period (8 +/- 7) | 427.82 | (141.63) | 188.89 | 1,201.01 | ||
| Paid-up equity share capital (face value of Rs 2/- per share) | ,040.00 | 1,040.00 | ,040.00 | 1,040.00 | 1,040.00 | |
| Other Equity | 10,458.17 | 11,192.30 | ||||
| Earning per share (EPS) (of Rs 2/- each ) (not annualised)Basic/ Diluted EPS | 0.84 | (0.28) | $+ 0.35$ | 2.30 | ||
| Total ExpensesExceptional ItemsProfit / (Loss) before tax $(3 +1 - 4)$Tax Expense(ii) Income tax relating to items that will be reclassified to profit or lossB. (i) Items that will not be reclassified to Profit or Loss(ii) Income tax relating to items that will not be reclassified to profit or lossTotal Other Comprehensive Income, net of income tax | 15,059.344,298.6614,502.20557.14(10.15)2.56(7.59) | 12,051.003,130.8412, 167.34(116.34)1.99(0.50)1.49为RD ACCOUN | 12,665.253,764.3712,465.15200.1011.69(2.95)8.74 | 36,173.4110,915.6537,051.47(878.06)(4.20).06(3.14)(630.12)(1.21) |
| STATEMENT OF ASSETS AND LIABILITIES | (Rs.in lakhs) | ||
|---|---|---|---|
| Sr.No. | Particulars | As at31.03.2021Audited | As at31.03.2020Audited |
| ASSETS | |||
| Non - Current Assets | |||
| (a) Property, Plant and Equipment | 7,273.97 | 7,636.08 | |
| (b) Capital Work-in-progress | 371.35 | 241.08 | |
| (c) Investment Property | 871.60 | 948.12 | |
| d) Other Intangible Assets | 24.64 | 24.08 | |
| (e) Financial Assets | |||
| (i) Investment | 98.40210.95 | 98.40195.56 | |
| (ii) Other Financial AssetsDeferred Tax Assets | 875.17 | 623.04 | |
| (g) Other Tax Assets (Net) | 52.28 | 56.82 | |
| (h) Other Non-Current Assets | 1,015.81 | 356.42 | |
| Sub-total - Non - Current Assets | 10,794.17 | 10,179.60 | |
| $\overline{2}$ | Current Assets | ||
| (a) Inventories | 18,302.02 | 20,162.12 | |
| (b) Financial Assets | |||
| (i) Trade Receivables | 11,469.70 | 11,769.61 | |
| (ii) Cash and Cash Equivalents | 97.89890.51 | 61.411,440.01 | |
| (iii) Bank balances other than (ii) above(iv) Other Financial Assets | 626.83 | 402.45 | |
| (c) Other Tax Assets (Net) | 79.09 | ||
| (d) Other Current Assets | 3,957.80 | 3,935.42 | |
| Sub-total - Current Assets | 35,423.84 | 37,771.02 | |
| TOTAL-ASSETS | 46,218.01 | 47,950.62 | |
| B | EQUITY AND LIABILITIES | ||
| EQUITY | |||
| (a) Equity share capital | 1,040.00 | 1,040.00 | |
| (b) Other Equity | 10,458.17 | 11,192.30 | |
| TOTAL-EQUITY | 11,498.17 | 12,232.30 | |
| 2 | LIABILITIES | ||
| (1) | Non Current Liabilities | ||
| (a) Financial Liabilities | |||
| (i) Non Current Borrowings | 706.26 | 189.20 | |
| (ii) Other Financial Liabilities | 1,314.54 | 1,399.51 | |
| (b) Other Non Current Liabilities | 32.01 | 77.91 | |
| Sub- total - Non- Current Liabilities | 2,052.81 | 1,666.62 | |
| (11) | Current liabilities | ||
| OSHI ABBOOK(a) Financial Liabilities | |||
| (i) Current BorrowingsP | 21,455.90 | 26,019.57 | |
| (ii) Trade Payables횎MUMBAI | 5,340.28 | 4,441.37 | |
| (iii) Other Current Financial Liabilities | 4,468.29 | 2,394.90 | |
| (b | Other Current Liabilities | 1,238.80 | 973.60 |
| $\left( \mathsf{c}\right)$ | ProvisionsCHAD ACCOLCurrent Tax Liabilities (Net) | 163.76 | 208.6113.66 |
| (d) | Sub-total - Current Liabilities | 32,667.03 | 34,051.74 |
| TOTAL-LIABILITIES | 34.719.84 | 35 718 32 |
| Sr.No. | Particulars | ||||
|---|---|---|---|---|---|
| Segment Revenue (Revenue from Operations) | |||||
| Textiles | |||||
| Rental Business | |||||
| Net sales/Income from Operations | |||||
| Segment Profit Before Tax & Finance Cost | |||||
| Textiles | |||||
| Rental Business | |||||
| Total | |||||
| Less : Finance Cost | |||||
| Less: Other Unallocable Expenditure net off Unallocable Income | |||||
| Total Profit (+)/Loss (-) before Tax | |||||
| 3 | Capital Employed | ||||
| (a) Textiles | |||||
| Segment Assets | |||||
| Segment Liabilities | |||||
| Net Capital Employed (a) | |||||
| (b) Rental Business | |||||
| Segment Assets | |||||
| Segment LiabilitiesNet Capital Employed (b) | |||||
| (c) Unallocated | |||||
| Segment Assets | |||||
| Segment LiabilitiesCHI ABBO n | |||||
| Net Capital Employed (c) | |||||
| $\sigma$Total Capital Employed (a+b+c) |
The communication in the
| AND CAPITAL EMPLOYED | |||||
|---|---|---|---|---|---|
| (Rs.in lakhs) | |||||
| Quarter Ended | Year Ended | ||||
| Audited) | (Unaudited) | (Audited) | (Audited) | (Audited) | |
| 31-03-2021 | 31-12-2020 | 31-03-2020 | 31-03-2021 | 31-03-2020 | |
| 14,780.15 | 11,787.31 | 12,406.92 | 35, 145.44 | 54,021.25 | |
| 146.36 | 145.48 | 179.62 | 615.34 | 772.67 | |
| 14,926.51 | 11,932.79 | 12,586.54 | 35,760.78 | 54,793.92 | |
| 1,117.69 | 295.59 | 508.49 | 1,612.43 | 4,952.02 | |
| 128.44 | 118.13 | 98.11 | 460.34 | 611.58 | |
| 1,246.13 | 413.72 | 606.60 | 2,072.77 | 5,563.60 | |
| 419.48 | 356.42 | 382.23 | |||
| 269.51 | 173.64 | 24.27 | 1,707.701,243.13 | 2,170.621,546.92 | |
| 557.14 | (116.34) | 200.10 | (878.06) | 1,846.06 | |
| 43,792.80 | 41, 114. 78 | 45,903.04 | 43,792.80 | 45,903.04 | |
| 10,746.12 | 10,209.32 | 9,865.42 | 10,746.12 | 9,865.42 | |
| 33,046.68 | 30,905.46 | 36,037.62 | 33,046.68 | 36,037.62 | |
| 966.78 | 986.54 | 997.41 | 966.78 | 997.41 | |
| 385.27 | 378.21 | 426.45 | 385.27 | 426.45 | |
| 581.51 | 608.33 | 570.96 | 581.51 | 570.96 | |
| 1,458.43 | 1,466.15 | 1,050.17 | 1,458.43 | 1,050.17 | |
| 23,588.45 | 21,909.59 | 25,426.45 | 23,588.45 | 25,426.45 | |
| (22, 130.02) | (20, 443, 44) | (24, 376.28) | (22, 130.02) | (24, 376.28) | |
| 11,498.17 | 11,070.35 | 12,232.30 | 11,498.17 | 12,232.30 |
$-14$
| CASH FLOW STATEMENT | |||
|---|---|---|---|
| Year Ended | |||
| Sr. | Particulars | (Audited) | (Audited) |
| No. | 31-03-2021 | 31-03-2020 | |
| CASH FLOW FROM OPERATING ACTIVITIES | |||
| Net Profit before Tax as per Statement of Profit & Loss | (878.06) | 1,846.06 | |
| Adjustments for | |||
| (a) | Depreciation | 951.23 | 915.62 |
| (b) | Interest Expenses | 1,736.09 | 2,236.16 |
| (c) | Interest Income | (60.76) | (55.78) |
| (d) | (Profit) / Loss on disposal of Property, plant and equipments | (6.41) | (36.08) |
| (e) | Fixed Assets Written Off | 1.59 | 2.03 |
| (f) | Provisions no longer required | (17.69) | |
| (g) | Allowance for Expected credit Loss | 61.43 | 345.64 |
| (h) | Bad Debts Recovered | 8.33 | (5.48) |
| $\left( i\right)$ | Unrealised Foreign Exchange rate Differences (Net) | 174.14 | 117.29 |
| $\left( j\right)$ | Ind AS adjustments | (154.12) | (116.02) |
| (k) | Sundry Balance written Off / (Back) (Net) | (6.50) | 4.29 |
| Operating Profit before Working Capital Changes | 1,826.96 | 5,236.04 | |
| Adjustments for | |||
| (a) | (Increase) / Decrease in trade and other receivables | (55.87) | 2,013.01 |
| (b) | (Increase) / Decrease in inventories | 1,860.10 | 1,287.03 |
| (c) | Increase / (Decrease) in trade, other Payables and provisions | 1,493.24 | (557.79) |
| Cash Generated from operations | 5,124.43 | 7,978.29 | |
| (a) | Direct Taxes Paid (net of Refunds) | (88.21) | (416.04) |
| Net Cash generated from / (used in) Operating Activities | 5,036.22 | 7,562.25 | |
| Ħ | CASH FLOW FROM INVESTING ACTIVITIES | ||
| (a) | Purchase of property, plant and equipment and intangible assets | (1,022.13) | (1,066.49) |
| (b) | Sales Proceeds of property, plant and equipment | 20.21 | 64.49 |
| (c) | Fixed Deposits with Bank | 549.61 | (811.43) |
| (d) | Interest Income Received | 60.52 | 23.68 |
| Net Cash generated from / (used in) Investing Activities | (391.79) | (1,789.75) | |
| Ш | CASH FLOW FROM FINANCING ACTIVITIES | ||
| (a) | Proceeds / (Repayment) from / of Non Current Borrowings (net) | 1,963.65 | (728.35) |
| (b) | Proceeds / (Repayment) from / of Current Borrowings (net) | (4, 731.38) | (3, 188.17) |
| (c) | interest paid | (1,736.09) | (2, 236, 16) |
| (d) | Dividend paid (Including Dividend Distribution Tax) | (104.00) | (125.17) |
| Net Cash generated from / (used in) Financing Activities | (4,607.82) | (6, 277.85) | |
| Net Increase / (Decrease) in Cash and Cash Equivalents (I+II+III) | 36.61 | (505.35) | |
| Add: Cash and Cash Equivalents at the beginning of the period | 63.42 | 568.90 | |
| Cash and Cash Equivalents at the end of the period | 100.03 | 63.55 | |
| Cash and Cash Equivalent as per above comprises of the following | |||
| Cash and Cash Equivalents | 100.02 | 63.42 | |
| Unrealised translation gain/(loss) | 0.01 | 0.13 | |
| Balance as per statement of Cash Flow | 100.03 | 63.55 |
~
| Notes: | |
|---|---|
| 1 !The above audited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on June 22, 2021- | |
| ---2 !Segment Revenue, Result and Capial Employed figures include the respective amounts identifiable to each of the segments. Other unallocablependityr mainly includ~s xpenses inqu_rrd on common services. | |
| 3 !The Management of the Company has assessed the impact of COVID-19 Pandemic on its financial resulV position such as trade receivables, intangibles,inventories, trade payables and based on its best judgement and reasonable estimate, has concluded that there are no material adjustments required inthe Financial Results. However the impact assessment of Covid-19 is a continuous process, given the uncertainties associated with its duration and nature,it is not possible to estimate the future impact as at the date of approval of this financial result. The Company continues to monitor the economic effects o·___ --·--J _ __ _ __ YJ~_pa.Dife!TiiC whJle ti_ri_g steQsJ.o if!lpro its_exEtcu!iQn e_fficiencie~ anc!the_fi.ncil_outcome,___ | |
| 4 1The Indian Parliament has approved the Codeof on Social Security, 2020 which would impact the contributions by the company towards Provident Fundand Gratuity. The Ministry of Labour and Employment has released draft rules for Code of on Social Security, 2020 on November 13, 2020 and has invitedsuggestions from stakeholders which are under active consideration by the Ministry. The Company wiU assess the impact and its evaluation once thesubject rules are notified and will give appropriate impact in its financial statements in the period in which the Code becomes effective and the related rules,_to --Jf!Tlin_e th_e flna11ciI impact a PUQlish~. _ _ _ _ __ ___ | |
| 5 !The figures for the quarter ended March 31, 2021 and March 31, 2020 are the balancing figures between the audited figures of the full financial year andthe revied ye_a,:_-to-date figres up to the third_ quarter oJ e _r:elevJn! financial yer _ __ _ | |
| 6 I Corresponding figures of the previous quarter/year have been regrouped, recasted and reclassified to make them comparable wherever necessary. | |
| On behalf of the Board of Directors--}-(_-,_UHBAil.v, .MUMBAI-:-t.i'Rajendra V. Agarwal•Managing DirectorPlace: MumbaiDIN No. 00227233Date: June 22, 2021 |
To,
The Manager, Corporate Relations Department, BSE Limited Phiroze Jeejeebhoy Tower, Dalal Street, Fort, Mumbai - 400 00 I
The Manager, Listing Department, National Stock Exchange of India Limited, Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051
Scrip Code: 512519
Symbol: DONEAR
Sub: Declaration regarding Auditor's Report with unmodified opinion.
Dear Sir I Madam,
In compliance with the provisions of Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company hereby declares that M/s. Kanu Doshi Associates LLP, Chartered Accountants, the Statutory Auditors of the Company have issued the Audit Report with unmodified opinion on the Standalone Financial Results of the Company for the financial year ended March 31, 2021.
Thanking you,
Yours faithfully,
For Donear Industries Limited
f¼)
Ashok Agarwal Chief Financial Officer
