Pan India Corporation Ltd — Annual Report 2021

Jun 28, 2021

==> picture [596 x 136] intentionally omitted <==

To, The Manager (Listing) BSE Limited Phiroze Jee Jeebhoy Towers Dalal Street, Mumbai- 400001

Date: - 28[th] June, 2021

SUBJECT: - OUTCOME OF BOARD MEETING HELD ON 28[TH] JUNE, 2021

Dear Sir/ Ma’am,

The Board of Directors at its meeting held today i.e. 28[th] June, 2021, have considered and approved the following agenda items:

• A) The Audited Standalone Financial Results for the quarter and financial year ended 31[st] March, 2021;

• B) The Audited Consolidated Financial Results for the quarter and financial year ended 31[st] March, 2021;

• C) Appointment of M/s. Pritika Nagi & Associates, Company Secretaries as the Secretarial Auditor of the Company for the Financial Year 2020-21;

• D) Any other items as mentioned in the agenda.

In pursuance of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the following:

1. A copy of duly signed Audited Standalone Financial Results along with the Auditors Report, Statement of Assets and Liabilities and Cash Flow Statement for the Quarter and Financial Year Ended 31[st] March, 2021, is attached as Annexure A .

2. A copy of duly signed Audited Consolidated Financial Results along with the Auditors Report, Statement of Assets and Liabilities and Cash Flow Statement of the Company, for the Quarter and Year Ended 31[st] March, 2021, is attached as Annexure B.

3. A declaration in respect of Auditors Report with unmodified opinion is attached as Annexure C.

The Meeting of Board of the Directors commenced at 04:00 P.M. and concluded at 05:30 P.M.

Kindly take the above information on your records and oblige.

Thanking You,

Yours Faithfully, For Pan India Corporation Limited

==> picture [76 x 51] intentionally omitted <==

Vijay Pal Shukla (Managing Director) DIN: - 01379220

CC:

Ahmedabad Stock Exchange Ltd. Kamdhenu Complex, opp. Sahajanand College, Panjarapole, Ambawadi, Ahemdabad -380015	The Calcutta Stock Exchange Ltd. 7, Lyons Range, Kolkata -700001
Delhi Stock Exchange Limited DSE House, 3/1, Asaf Ali Road, New Delhi-110002	Madras Stock Exchange Ltd. No: 30, Second Line Beach, Chennai, Tamil Nadu- 600001

ANNEXURE-A

( CA .

R C CHADDA & CO LLP CHARTERED ACCOUNTANTS LLP Identification No. : AAB-4836 (Registered with Limited Liability)

A-27, Vivek Vihar,

Phase-II, Delhi-110095 Mob.:9810124112,9990624747 Email: rccandco@gmail.com

INDEPENDENT AUDITOR'S REPORT

To the Members of PAN INDIA CORPORATION LIMITED.

Report on the Audit of the Standalone FinanciaJ Statements

Opinion

We have audited the standalone financial statements of PAN INDIA CORORATION LIMITED ("the Company"), which comprise the Balance Sheet as at 31 st March 2021, and the statement of Profit and Loss, statement of changes in Equity and Statement of Cash Flows for the year then ended, and notes to the Standalone Financial Statements, including a summary of significant accounting policies and otlier explanatory information.

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid st,mdalone financial c;tait>ments give the informc1tion required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at 31s 1 March 2021, and profit, changes in equity and its cash flows for the year ended on that date.

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. Our responsibilities under those Standards are further described in the Auditor's Respo11sibilities for the Audit of the Standalone Fi11m1cinl Slnfemenls the Company in accordance section of our report. We arc independent of with the Code of Ethics issued by the Institute of Chartered Accountants of Indfa (''the !CAI") to our audit of the standalone together with the ethical requirements that are relevant financial statements under the provisions of the Companies Act, 2013 and the Rules there under, and we have fulfilled our other ethical responsibilities in accordance wilh lhese requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a bdSis for our opinion.

==> picture [82 x 83] intentionally omitted <==

l CA

R C CHADDA & CO LLP CHARTERED ACCOUNTANTS LLP Identification No. : AAB-4836 (Registered with Limited Liability)

A-27, Vivek Vihar, Phase-II, Delhi-110095 Mob.:9810124112,9990624747 Email: rccandco@gmail.com

Key Audit Matters

Key audil matters are those matters that, in our professional judgment, were of mosl significance in our audit of the standalone financial statements of the current period. These our audit of the standalone financial statements as matters were addressed in the context of a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

Responsibilities of Management and Those Charged with Governance for the Standalone Financial Statements

is The Company's Board of Directors responsible for the matters stated in section 134(5) of the Companies Acl, 2013 ("the Act") with respect to Lhe preparation of Lhese standalone financial statements that give a true and fair view of the financial position, financial performance, changes in equity and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the accounting Standards specified under section 133 of the Act. This responsibility also includes maintenance of adequal'e accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and fair view and are free presentation of the standalone financial statements that give a true and from material misstatement, whether due to fraud or error. In preparing the standalone financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using Lhe going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Bodfd of Directors is dlso responsible for overs ing the company's financid.l reporting process.

==> picture [82 x 84] intentionally omitted <==

I CA

R C CHADDA & CO LLP CHARTERED ACCOUNTANTS LLP Identification No. : AAB-4836 (Registered with Umited Liability}

A-27, Vivek Vihar,

Phase-II, Delhi-110095 Mob.:9810124112,9990624747 Email: rccandco@gmail.com

Auditor's Responsibilities for the Audit of the stan<ia1one F111ancial St..ten,ents

Our objectives are to obtain reasonable assurance about whether the standalone financial statements as a whole are fre 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 U1at 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 standalone financial statements. Also Refer" Annexure A" to this audit report

Report on Other Legal and Regulaio_ry Requirements

• 1 As required by the Companies (Auditor's Report) Order, 2016 ("the Order''), issued by the Central Government of India in terms of sub-section (11) of section 143 of the Companies Act, 2013, we give in the "Annexure B", a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent applicable.

• 2 As required by Section 143(3) of the Act, we report that:

• (a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit.

• ([b] ) In our opinion, proper books of account as required by law have be n kept by the Company so far as it appears from our examination of those books.

• (c) The Balance Sheet, lhe Statement of Profit and Loss, and the Cash Flow Statement ment with the books of account.

• dealt with by this Report are in agre

• (d) In our opinion, the aforesaid standalone financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.

• (e) On the basis of the written representations received from the directors as on 31st March, 2021 taken on record by the Board of Directors, none of the directors is disqualified as on 31st March, 2021 from being appointed as a director in terms of of the Act

• Section 164 (2)

• ([f] ) With respect to the adequacy of the internal financial controls over financial reporting of the Company and the opernting effectiveness of such controls, refer to our separate Report in" Annexure C'.

==> picture [82 x 83] intentionally omitted <==

l C/4\

R C CHADDA & CO LLP CHARTERED ACCOUNTANTS LLP Identification No. : AAB-4836 (Registered with Limited Liability)

A-27, Vivek Vihar,

Phase-II, Delhi-110095 Mob.:9810124112,9990624747 Email: rccandco@gmail.com

• {e) With rt>SpE>,t to thP othPr matins to ht> indudPd in thP Auditor's RPport in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:

• i. The Company has disclosed the impact of pending litigations on its financial position in its standalone financial statements - Refer Note 19 to para 8 the standalone financial statements.

ii. The Company did not have any long term contracts including derivative contracts for which there were any material fores able losses.

• iii. There was no amount which was required to be transterred to the lnvestor Education and Protection Fund by the Company.

For RC CHADD A & CO. LLP. CHARTERED ACCOUNTANTS (Firm's Registration No. 003151N)

==> picture [79 x 54] intentionally omitted <==

BHISHM MADAN (PARTNER) M. No. 524462 Place: New Delhi Date : 28.06.2021

==> picture [81 x 83] intentionally omitted <==

UDIN: 21524462AAAAIQ3732

[ CA

R C CHADDA & CO LLP CHARTERED ACCOUNTANTS LLP Identification No. : AAB-4836 (Registered with Umited Liability)

A-27, Vivek Vihar,

Phase-II, Delhi-110095

Mob.:9810124112,9990624747 Email: rccandco@gmail.com

"ANNEXURE A" TO THE INDEPENDENT AUDITORS' REPORT

Report on the Auditors responsibilities for the Audit of the standalone Financial Statements

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professionaJ scepticism throughout the audit We aJso:

• 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 thal is sufficient and appropriate to provide a basis for our opinion. The risk of not det:ect.i.ng a mat:erial misstatement resulting from fraud is rugher 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 conlrol relevant to the audit in order to design audil procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Companies Act, 2013, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls system in place dild the opernting effectiveness of such controls.

• Evulunle the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

• Conclude on the appropriateness of management's use of the going concern basis of dCcuunting dnd, bdSed on the audit evidence obtained, whether a material uncertaimy exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. [f we condude Lhal a material uncertainty cxisl:5, 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 ot our auditor's report. However, future events or conditions may cause the Company to cease to continue as a go.ing concern.

==> picture [82 x 83] intentionally omitted <==

R C CHADDA & CD LLP CHARTERED ACCOUNTANTS LLP Identification No. : AAB-4836 (Registered with Limited Liability}

Phase-II, Delhi-110095 Mob.:9810124112,9990624747 Email: rccandco@gmail.com

==> picture [46 x 26] intentionally omitted <==

A-27, Vivek Vihar,

• EvaJuate the overaJl presentation, structure and content of the standaJone financial statements, including the disclosures, and whether the standalone financial statements 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 auctit and significant audit findings, induding any significant deficiencies in internal control that we identify during our audit.

We also provide those charged ,.,•ith governance with a statement that we have complied with relevant ethicaJ requirements regarding independence, and to communicdte with them aJI relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

From the matters communicated with those charged with governance. we determine those matters that were of most significance in the audit of the standalone financial statements of the the our current period and are therefore key audit matters. We describe these matters in auditor's report unless law or regulation precludes public discJosure 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.

ForR C CH ADDA & CO. "LlP. CHARTERED ACCOUNTANTS (Firm's Registration No. 0031.SlN)

==> picture [84 x 53] intentionally omitted <==

----- Start of picture text -----

-
�
----- End of picture text -----

BHISHM MADAN (PARTNER) M. No. 524462 Place: New Delhi Date : 28.06.2021

==> picture [82 x 82] intentionally omitted <==

UDIN: 21524462AAAAIQ3732

A-27, Vivek Vihar, Phase-II, Delhi-110095 Mob.:9810124112,9990624747 Email: rccandco@gmail.com

==> picture [46 x 26] intentionally omitted <==

R C CHADDA & CO LLP CHARTERED ACCOUNTANTS LLP Identification No. : AAB-4836

(Registered with Limited Liability)

"ANNEXURE B" TO THE INDEPENDENT AUDITORS' REPORT

With reference to the Annexure B referred lo in the Independent Auditor's Report to the members of the Company on the standalone financial statements for the year ended 31•1 March 2021, we report the following:

1. The company does not have any property, plant and equipment. Thus clause (i) of paragraph 3 of the Order is not applicable to the Company.

• The Company does not have any inventories. Thus clause (ii) of paragraph 3 of the Order is not applicable to the Company.

• The company has not granted any loan secured or unsecured loan to company/ in th_e

Firms covered register mnintaincd under Section 189 of the Companies i.ct, 2013. Therefore provisions of clause (III) of paragraph 3 of the Order are not applicable to the Company.

1. In our opinion and according to the information and explanations given to us, the Company has not given any loans, guarantees, securities or made any investments in respect of with provisions of section 185 and 186 of the Companies Act 20 l3 needs to be complied with.

2. 1lte Company has not accepted deposit from the public covered under Section 73 to 76 or any olher relevant provisions of the Companies Act, 2013 and the Rules made the re w1de r.

3. The Central Government has not prescribed the maintenance of cost records under sub-section (1) of section 148 of the Companies Act, 2013, for any of the activities of the company.

4. a). The company is regular in depositing undisputed statutory dues induding provident fund, employees' state insurance, income tax, sales tax, service tax, duty of customs, duty of excise, value added tax, cess and any other stat-ulory dues applicable to it with appropriate authorities. According to the information and st

explanations given to us below mentioned Income Tax liability outstanding as at 31 March, 2021 for a period ot more than six months from the date they became payable are as follows:

==> picture [82 x 83] intentionally omitted <==

I , CA

R C CHADDA & CO LLP CHARTERED ACCOUNTANTS LLP Identification No. : AAB-4836 (Registered with Limited Liability)

A-27, Vlvek Vlhar,

Phase-II, Delhi-110095 Mob.:9810124112,9990624747 Email: rccandco@gmall.com

Assessment YeaT 1993-94 1995-96 1996-97 I 1998-99 2008-09 Total	Outstanding Oemand Amount lR�) 147833.00 340226.00 465963.00 206438.00 2959.00 1163419.00

b). According to the information and explanations given to us, there are no disputed statutory dues payable in respect of income tax, sales tax, duty of customs, duty of excise and value added tax which are outstanding as at 31 [81 ] March, 2021. However, according to information and explanations given to us, the following dues of Roe Fees hd ve not b e n deposited by the Company on account of disputes:

==> picture [400 x 162] intentionally omitted <==

----- Start of picture text -----

Nature of Nature of dues Amount Pe [r] iod to Forum where
the statute (in Rs) which the dispute is pending
amount
relates
r
Co1,1p,mi�s R.O.C Fee:, Jo, Amou,11 F" • J 1996-97 Disltid C1 s�:,:;iou
Act, 1956 mcret1se Ill 1111asartai11ed & Court, Tis Hn2nri,
nutltorized uver 2.76cr. F.Y 1998-99 Dellri-110054 n11d
mpitnl wlticlt hns b e n Delhi High Co11 rt.
(Refer to Non- accepted btJ the
Current co111pm1y but
Liabilil-ies) 1101 deposited 11S
pnrt p11y111e11t is
not ncceptnble
----- End of picture text -----

1. According to the information and explanations given to us, the company does not have any borrowings from any financial inslilution, bclilk, government or dues to debenture holders.

2. The company has not raised any money by way of initial public offer or further public offer (including debt instruments) and tenn loans during the year, hence clause (ix) of paragraph 3 of the Order regarding default is not applicable to the Company.

3. Based upon the audit procedures performed and information and explanations given to us, no fraud by the Company or on the Company by its officers or employees has b e n noticed or reported during the year under audit.

==> picture [81 x 82] intentionally omitted <==

! CA

R C CHADDA & CD LLP CHARTERED ACCOUNTANTS LLP Identification No. : AAB-4836 (Registered with Limited Liability)

A-27, Vivek Vihar, Phase-II, Delhi-110095 Mob.:9810124112,9990624747 Email: rccandco@gmail.com

11. on our An-ord·ine to tht> information and t>xplanations eivt>n to us and haSPd examination of the records of the company, the Company has not pdid/provided for managerial remuneration. The provisions of section 197 read with Schedule V to the Act are not applicable to the company being a private limited company.

1. In our opinion and according to the information and explanations given to us, the

Company is not a Nidhi company, hence dause (xii) of paragraph 3 of the Order is not applicable to the Company.

• "13. According to the information and explanations given to us and based on our with

• t'Xd m indtion of tl1t' re(;on.ls of t.he Com pcmy, lrdns,Ki.iorn, t.he reldleu pd.rl.ies ctre in compliance with the provisions of section 177 and 188 of the Act where applicable and the details of such transactions have b n disclosed in lhe standalone financial statements as required by the applicable accounting standards .

• . 14. According to the information and explanation given to us and based on our examination of the records of the company, the Company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures dw-ing the yedr.

• According to the infonnation and explanations given to us and based on our examination of the records of the Company, the Company has not entered into non­ cash transactions with directors or persons connected with him. Therefore provisions of clause (xv) of paragraph 3 of the Order are not applicable to the Company.

• According to the information and explanations glven to us, the pro\'isions of Section 45-IA of the Reserve Bank of lndia Act, 1934 are not applicable to the Company.

For R C CHADD A & CO. LLP. CHARTERED ACCOUNTANTS (Firm's Registl'ation No. 00315 N)

==> picture [75 x 54] intentionally omitted <==

BHISHM MADAN {PARTNER) M. No. 524462 Place: New Delhi Date : 28.06.2021

==> picture [81 x 83] intentionally omitted <==

UDIN: 21524462AAAAIQ3732

I CA

R C CHADDA & CO LLP CHARTERED ACCOUNTANTS

UP No. : AAB-4836 Identification (Registered with Limited liability)

A-27, Vivek Vlhar, Phase-II, Delhi-110095 Mob.:9810124112,9990624747 Email: rccandco@gmail.com

"A C" TO THE INDEPENDENT AUITORS' REPORT

Report on the Internal standalone Financial Controls under Clause ( i) of Sub­ section 3 of Section 143 of the Companies Act,2013(" the Act" )

We have audited the internal financial controls over financial reporting of Pan India Corporation Limited ("the Company") as ot 31[st ] March 2021 in conjunction with our audit of the Standalone financial statements of the Company for the year ended on th.at date.

Management's Responsibility for Internal Financial Controls

The Company's management is responsible for establishing and maintaining internal financial controls based on Lhe internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by the ICAI .These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to company's policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records and the timely preparation of reliable financial information, as required under the Companies Act, 2013.

Auditors' Responsibility

Oar responsibility is to express an opinion on the Company's internal financial controls over the financial reporting based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting (the "Guiddllce Note") and the Standards on Auditing, issued by ICAI and deemed to be prescribed under Section 143(10) of the Companies Act, 2013 to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, hoth issued by the Tnc.titute of Chartered Accountants of lndia. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all material respects.

Our audit invoJves performing procedures to obtain audit evidence about the adequacy of the internal financial controls over financial reporting and their o_per-dting effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness

==> picture [81 x 76] intentionally omitted <==

I , CA

R C CHADDA & CO LLP CHARTER D ACCOUNTANTS LLP Identification No. : AAB-4836 (Rec,istered with Limited Liability)

A-27, Vivek Vihar, Phase-II, Delhi-110095 Mob.:9810124112,9990624747 Email: rccandco@gmail.com

of intPrnal control hac;pd on thP assPssPd risk. ThP procPdures sPIPrtPd dPpPnd on thP auditor's judgment, including the assessment of the risks of material misstatement of the standalone financial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit op.inion on the Company's internal financial controls system over financial reporting.

Meaning of Internal Financial Conbuls over Financial Reporting

A company's internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of standalone financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal financial control over financial reporting includes those policies and procedures that

(1) Perl:din lo the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dis positions of the assets of the company;

(2) Provide reasonable assurance that transactions are recorded as necessary to permit preparation of standalone financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorities of management and directors of the company; n.nd

(3) Provide reasonable assurance regarding prevention or timeJy detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the standalone financial statements.

Inherent Limitations of Inte[r] nal Financial Controls over Fina:ncfal. Reporting

Because of the inherent limitations of the internal financ.ia1 controls over financial reporting, including lhe possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal findncial control over financial reporting mdy become inadequate because of the changes in conditions, or that the degree of compliance with the policies or procedures may del'eriorate.

==> picture [81 x 83] intentionally omitted <==

Phase-II, Delhi-110095 Mob.:98lOlZ4llZ,99906Z4747 Email: rccandco@gmail.com

==> picture [53 x 25] intentionally omitted <==

& CO LLP R C CHADDA CHARTERED ACCOUNTANTS LLP Identification No. : AAB-4836 (Registered with Umited Liability)

A-27, Vivek Vihar,

Opinion

In our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at 31[st ] March 2021, based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.

For RC CHADD A & CO. LLP. CHARTERED ACCOUNT ANTS (Firm's Registration No. 003151N) �

BHISHM MADAN (PARTNER) M. No. : 524462 Place : New Delhi Date : 28.06.2021

UDIN: 21524462AAAAIQ3732

==> picture [612 x 119] intentionally omitted <==

AUDITEDSTANDALONE FINANCIAL RESULTS FOR THE YEAR ENDED31st, MARCH, 2021(Rs. in Lakh)
Sr. No	Particulars	Quarter Ended			Year Ended	Year Ended
		(31.03.2021)	(31.12.2020)	(31.03.2020)	(31.03.2021)	(31.03.2020)
		Audited	Unaudited	Audited	Audited	Audited
i	Revenue from Operation	-	-	-	-	-
ii	Other Income	-	-	1.02	-	25.16
iii	Total Revenue (i+ii)	-	-	1.02	-	25.16
iv	Expenses
	Purchase ofStock in Trade	-	-	-	-	-
	Employee benefit expenses	1.03	1.07	1.04	4.12	4.15
	Finance Cost	-	-	-	-	-
	Provision for Doubtful Loans &Advances	94.00	-	-	94.00
	DepreciationandAmortisation Expenses	0.00	0.00	0.00	0.01	0.01
	Other Expenses	0.43	4.13	2.73	7.95	18.92
	Total Expenses	95.46	5.20	3.77	106.08	23.08
v	Profit/ (loss) before exceptional Item & Tax (iii-iv)	(95.46)	(5.20)	(2.75)	(106.08)	2.08
vi	Exceptional Items	-	-	-	-	-
vii	Profit before tax(v-vi)	(95.46)	(5.20)	(2.75)	(106.08)	2.08
viii	Tax Expense	-	-	-	-	-
	(a)Current tax	-	-	0.59	-	0.52
	(b)Previous Year	0.08	-	-	0.08	-
	(c)Deffered tax	-	-	-	-	-
ix	Profit/(loss)for theperiod(vii-viii)	(95.54)	(5.20)	(2.16)	(106.16)	1.56
X	Other Comprehensive Income
	1(a)Items that will not be reclassified toprofit or(loss)	-	-	-	-	-
	(b)Income tax relatingto items that will not be reclassified	-	-	-	-	-
	toprofit or(loss)
	2(a)Items that will be reclassified toprofit or(loss)	-	-	-	-	-
	(b) Income tax relating to items that will be reclassified	-	-	-	-	-
	toprofit or(loss)
	Total		-	-		-
xi	Total Comprehsive income for the period (ix+x)	(95.54)	(5.20)	(2.16)	(106.16)	1.56
xii	Paid up Equity share value Capital (Face Value Rs 10/-)	21,425.65	21,425.65	21,425.65	21,425.65	21,425.65
xiii	Earning per EquityShare of Rs. 10/- each
	Basic	(0.0446)	(0.0024)	(0.0010)	(0.0495)	0.0007
	Diluted	(0.0446)	(0.0024)	(0.0010)	(0.0495)	0.0007
PART – II(Select Information for theQuarter Ended 31st MARCH, 2021
A	PARTICULARS OF SHAREHOLDING
1	Public Shareholding
	Number of Shares	116748131	116748131	116748131	116748131	116748131
	Percentage of shareholding	54.49%	54.49%	54.49%	54.49%	54.49%
2	Promoter andpromotergroupshareholding
a)	Pledged/Encumbered
b)	Non-encumbered
	Number of Shares	97508369	97508369	97508369	97508369	97508369
	Percentage of Shares (as total shareholding of promoter and promotergroup)	100%	100%	100%	100%	100%
	Percentage of shares (as a % of the total share capital of the company)	45.51%	45.51%	45.51%	45.51%	45.51%
	PARTICULARS
B	INVESTOR COMPLAINTS
	Pendingat the beginningof thequarter				Nil	NIL
	Receivingduringthequarter				Nil	NIL
	Disposed of duringthequarter				Nil	NIL
	Remainingunresolved at the end of thequarter				Nil	NIL
Note : 1 2 3 4 The figures for the quarter ended 31st March 2021 and 31st March 2020 are the balancing figures between audited figures in respect to the full financial year and the published figure for the nine months ended 31st Dec. 2020 and 31 Dec 2019 respectively. Place: New Delhi Date: 28th June, 2021 The Company operates in only one segement FOR PAN INDIA C The Above Audited Financial statements \ results for the year ended as on 31st Mar 2021, have been reviewed by audit committee and approved by the meeting held on 28th Jun 2021. The previous year figures have been regrouped , re classified and recasted wherever necessary.						ORPORATION LIMITED VIJAY PAL SHUKLA MANAGING DIRECTOR DIN: 01379220 Board of Directors in

==> picture [612 x 116] intentionally omitted <==

Statement of Assets and Liabilities as on 31.03.2021

						(Rs.	in Lakh )
SR.	NO.	PARTICULARS		As on 31st Mar	21	As on 31st Mar	20
A		ASSETS
	1	Non - Current Assets
		( a )	Property, plant and equipment		0.08		0.09
		( b )	Capital Work In Progress		-		-
		( c )	Intangible assets		-		-
		( d )	Intangible assets under development		-		-
		( e )	Financial assets
			(I) Investments		210.45		210.45
			(II) Loans	1,463.58			1,567.16
			(III) Others		0.10		0.14
		( f )	Income tax assets (net)		-		-
		( g )	Other non-current assets		-		-
			Total - Non-Current Assets	1,674.21			1,777.83
	2	Current Asstes
		( a )	Inventories		-		-
		( b )	Financial assets		-		-
			( i ) Investments		-		-
			( ii) Trade Receivable		-		-
			( iii ) Cash and cash equivalents		0.05		1.14
			( iv ) Bank balances other than (iii) above		-		-
			( v ) Loans		-		-
			( vi ) Other		-		-
		( C )	Other current assets		-		-
			Total - Current Assets		0.05		1.14
			Total Assets	1,674.26			1,778.98
B		EQUITY AND LIABILITIES
	1	Equity
		(	a ) Equity Share Capital	21,425.65		21,425.65
		(	b ) Other equity	(20,032.39)		(19,926.23)
					-		-
			Total Equity	1,393.26			1,499.42
		LIABILITIES
	2	Non - Current Liabilities
		(	a ) Other Non Current Liabilities		276.49		276.49
		(	b ) Defered Tax Liability (Net)		0.01		0.01
			Total Non - Current Liabilities		276.50		276.50
	3	Current Liabilities
		( a )	Financial lioabilities		-		-
			( i ) Trade Payables		-		-
			( II ) Other financial liabilities		4.50		2.58
		( b )	Other current liabilities		-		-
		( c )	Provisions		-		0.48
		Subtotal -- Current Liabilities			4.50		3.06
			Total Equity & Liabilities	1,674.26			1,778.98

By the order of the Board of Directors For PAN INDIA CORPORATION LTD

==> picture [48 x 33] intentionally omitted <==

VIJAY PAL SHUKLA MANAGING DIRECTOR DIN: 01379220

Place : New Delhi Date : 28.06.2021

==> picture [612 x 116] intentionally omitted <==

Statement of Cash flows for 31.03.2021

Figures in Lakh	Figures in Lakh	Figures in Lakh	Figures in Lakh
Particulars	Note	2020-21	2019-20
A: CASH FLOW FROM OPERATING ACTIVITIES Profit before tax Adjustments for: Add: Depreciation & ammortisation expenses Finance costs Provision for Doubtful Loan & Advances Loss on disposal of property, plant & equipment Loss on sale of Investment		(106.08) - 0.01 - 94.00 - -	2.08 - 0.01 - - - -
		(12.07)	2.09
Less: Dividend received Interest income from financial assets measured at ammortised costs Gain on disposal of equity instruments measured at cost Gain on disposal of property, plant & equipment		- - - -	- - - -
Operating profit before change in operatingassets & liabilities
Adjustments for: (Increase)/decrease in inventories (Increase)/decrease in Loan and Advances Other liabilities (Increase)/decrease in trade receivables Sale of Investments (Increase)/decrease in other financial assets (Increase)/decrease in other assets Increase/(decrease) in non-current loans Increase/(decrease) in other current liabilities Increase/(decrease) in trade payables Increase/(decrease) in Investment Increase/(decrease) in Other non-current Liabilities Increase/(decrease) in short term provisions Increase/(decrease) in current provisions Increase/(decrease) in non current provisions		- 9.58 - - - 0.04 - - - - - 1.92 - - -	- 1.78 - - - - - - (2.81) - - (0.00) - -
		11.54	(1.03)
Cash generated from operations Less:		- -	- -
Income taxpaid(net of refund)		0.56	0.05
Net cash flow from operating activities A		(1.09)	1.01
B: CASH FLOW FROM INVESTING ACTIVITIES Payment to acquire property,plant & equipments Proceeds from disposal of equity instruments measured at FVOCI Repayments/(Disbursement) of loans given Proceeds from disposal of property, plant & equipments Interest received on financial assets measured at ammortised cost Dividend received Purchase of Shares		- - - - - - -	- - - - - - -
CASH FLOW FROM INVESTING ACTIVITIES B			-
C: CASH FLOW FROM FINANCING ACTIVITIES Repayments of term loans/non-current borrowings Disbursement/ (Repayments)of workingcapital loans/current borrowings		- -	- -
Total disbursement/(repayments) of working capital loans/current borrowings Interest paid Dividend on Equity shares(including dividend distribution tax)		- - -	- - -
CASH FLOW FROM FINANCING ACTIVITIES C		-	-
Net increase/(decrease) in cash & cash equivalents A+B+C Cash & cash equivalents at the beginning of the financialyear		(1.09) 1.14	1.01 0.12
Cash & cash equivalents at the end of the financialyear		0.04	1.14

By the order of the Board of Directors For PAN INDIA CORPORATION LTD

==> picture [48 x 33] intentionally omitted <==

VIJAY PAL SHUKLA MANAGING DIRECTOR

Place: New Delhi Date: 28.06.2021

DIN: 01379220

ANNEXURE-B

I CA

RC CHADDA & CO LLP CHARTERED ACCOUNTANTS LLP Identification No. : AAB-4836 (Registered with Limited Uabll/ty)

A-27, Vivek Vihor, Phose-11, Delhi-110095 Mob.:9810124112,9990624747 Email: rccandco@gmall.com

INDF.PENOENT AUDITOR'S REPORT

To the Members of PAN INDIA CORPORATION LIMITED Report on the Audit of the Consolidated Financial Statements

Opinion

We have audited the accompanying Consolidated Financial Statements of PAl'1 TNDIA CORPORATION LIMITED (hereinafter referred lo as the 'Holding Company") and its associate companies, which are companies incorporated in lndid, which comprise !he �onsolida.ted 13alanre Sheet as di 31" Mar[c] h 2021, .ind lhe O,rlSO idaled Slatem,rnl of Profit and Loss, the Consolidated Statemenl of chan�es in Equitv and the Consolidated Cash Flows Stalt'ment for the year then ended, and notes to the consolidaled financial statements, including a summcll')' of significant accounting polities (hereinafter reic=d to .is "the mnsolidaled financidl statements").

In our opinion and lo lhe best of our infomrntion and .iccording lo the eJ<planations given lo us, the aforesaid consolidated financial statcmenlS give the infonn.ation required by the Act in the manner so required a11d give a true and fair view in confom1ity with t·he accounUng principles gi?nerally accepted in India, of thelr consolidated state of affairs of the Company as at31" March 2021, of consolidated profit consolidated changes tn equity and its con.�olidated cash flows for lhe year Lhen endeJ.

Basis for Opinion

We conducted our audit in accordance with the S1andards on Auditing (SAs) specified under section 143(10) of Llw Co111p.u1it!IJ dct, 2013. Our responsil;,iliUes under lh(>SC Standards arc further described in the /\ud/tor's Respoustbilitit!5 for the Audit of 1!,c Co11solldJ11£11 Flrumr.inl Sta1,,111r111s section or ou_r report We are independent of the Group in accordance with the Code of Ethics issued by Ll1e Institute of Chartered Accounlank� or India ("U1e !CAI"), and we have fulrtlled our oUier ethical responsibilities in accord,mce with the prov-isions of the Companjes Act, 2013. We believe that lhl.> audll cvidc111.c we loav..- uulaiu.:J ib bufiidc11l d1\d app1opridtc to p1uvidc o uobib fur our opinion.

==> picture [83 x 84] intentionally omitted <==

I CA

R C CHADDA & CO UP CHARTER D ACCOUNTANTS LLP Identification No. : AAB-4836 (Registered with Limited Uob/1/ty}

A-17, Vivek Vlhar,

Phase-II, Delhl-ll0095 Mob.:9810124112,9990614747 Email: rccandco@gmail.com

Key Audit Matters

Key audit matlers are those matters that, ln our professional judgme111, were of most . significance tn our audit of the consolidated financial �tatements of the rnrrent perinirl These matters were addressed in the context of our audlt of the consolidated financial statt>ments as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these mailers.

Manage.ments' Responsibilities for tbe Consolidated financial St;itcmenls

The Com pil11y's Board of Directors ls responslble for the matters stated In section 134(5) of the Companies Act, 20'13 ("the Ad') with respect to preparation of these consolidated financial st.,tements that give a true and fair view of the consolidated financial position, consolidated financial performance, consolidated total comprehensive income, consolidntt'd ch?.nges in equity and ,onsotidal1?d rash flows of the Group in Jccordan« with the Ind AS and other aa:ounting principles genera!Jy accepted tn lndla. 1l1e rei;pcctivt' Board of Oirec;tOrs of the companies included in the Group are n.>sponsible for maintenance of Lhe adequate accounting records in dCCOrdance witl1 the provisions ,of the Act for s.tleguarding lhe assets of the Group and for preventing and detecting frauds <111J ull1t:1 l11�gulotitit>:, :.cll:.Lion a,,J dj)l)liLaliuu of app11>p1 idle d�LOU11li11g pulidte:l, making judgments and estimates that .ire reasonable and prudent; and design, implementation and maintenance or adequate internal financial controls, that are operating effeclively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presematlon of the consolldated financial statements that give a true and talr view and are tree trom material misstatement, whether due to fraud or error.

In preparing the consolidated Onanclal statements, the l!Spectlve 6oc1[r] d of Directors of the companies included in the Group are responsible for a:;:,essing tht> Group's ability to continue as a r;oinp, concern, disclosing, RS applicablP, matters rel3ted to going concern and using the going concern basiS ot accounting unless management either intcncL� to l.iqu.idate the Croup or to cease operations, or has no realistic altema.tive but to do so.

The respective Board of Directors of the companies included in the Group are also responsible for overseeing the financial reporting process of the Group.

==> picture [83 x 84] intentionally omitted <==

I ' CA

RC CHADD A & CO LLP CHARTERED ACCOUNTANTS LLP Identification No. : AAB-4836 (Registered with Limited Uabillty)

A-27, Vlvek Vlhar,

Phase-II, Delhi-110095 Mob. : 9810124112, 9990624747 Email: rccandco@gmall.com

Auditor's Responsibilities for the Audit oft.he Consolidated Financial StalcmcnlS

Our objectives are to obtain reasonable assurance about whether the consolidated financial statemenlS as a whole are free from material misstatement, whelher due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance _is a high level of assurance, bu1 is not a guaranlee that an audll conducted in accordance wilh SAs will always detect a material misstatement when it exisls. Misstatements can arise from fraud or error and are con�'idewd material if, individu.aJJy or in the aggregate, they could reasonably be expected to influence the economic decisions of usNs ta.ken on th<' basis of these consolidated financial statements. Also Refer Anne,.ure A" Lo Ulis audit rcporL

Report on Other Leµ! and Reimtatorv Reql.liremenls

1. As req ulred by Section 143(3) of the Act, based on our audit we report that

• a) We have sought and obtained all the information and explanatlons wh.lch to the best of our knowledge and belief were necessary for the purposes of our audit of the aforesaid consolidated financial statements.

• b) In our opinion, proper books of accc,unt as required by law relating Lo prep<1ration of Lhe aforesaid consolidated fmancial statements have been kept so far as ii appears from our examination of those books.

• c) The Consolidated llaJance Sheet, the Consolidated Statement of Profit and Loss including, Consolidated Statement of Changes in Equity and the Consolidated Sr.itement of Cash Flows dealt with by this ReporL are in al',reement wiU1 the relevant books of account maintained for the purpose of preparation of the consolidated financidl �tatements.

• d) In our opinion, tb.e aforesajd consolidated financial stalemenls comply with the Ind AS specifiPd under Section 133 of the Act. read with Rule 7 of the Companies {Accounts) Rules, 2011.

• e) On the basis of the written representations received from the directors of the Company as on .March 31, 2021 taken on record by the Board of Directors of the Company and its associate companies, which are companies incorporated in India and lhe reports of Lhe statutory auditors of its associates companies incorporated in India, nolli! of the directors of Lhe Group companies incorporated in lndi.a is disqualified a.� on 31" March 2021 from being op pointed as a director in terms of Section 164 (2) of U,e Act.

• f) With respect lo the adequacy of lhe internal financial controls over financial reporting and thP operating <>ffi-ctiveness of st,ch controls, refer to our separate Rerort in "Annexure l:l" which is based on the auditor's repor\$ of the Company and its associate's anies incorporah?d in lndia. Our report expresses an unmodified opinion on the

• �[o ]

• ...,[v ] a cy and operating effectiveness of the internal financial control over financial

• : F�prpj�� "'.1 g of those companies, for reasonsstal1!d lherein. C ,':! --------------------- � � ,..... ..... �"t' ,+ ---------' './i!lt;;DA'fff!J, (\'

CA

R C CHADDA & CO LLP CHARTERED ACCOUNTANTS LLP Identification No.: AAB-4836 (Registered with Limited Llab/1/ty)

A-27, Vivek Vihar, Phase-II, Delhl-110095 Mob. : 9810124112, 9990624747 Emal/: rccandco@amail.com

• g[)] With respet.'t to U1e other m.itlers to be included in the Auditor's Report in accordance with Rule rt of the Companies[(] Audit and Auditors[) ] Rules, 2014, as amended in our opinion ilnd 10 the best ofou·r infonnation ,md dCcording to the expl.inatJons given to us:

• i. TI1e consolidated financial statements disclose impact of pending liti�ations on the consolidated financial position of �he Croup. Refur Note 19 to para 7 the financi;al statements.

• iL The company and its associate did not have any long-term contracts including were able losses.

• derivative contraC1S for whkh there any material forese

• iiL were There were no amounts which required to be transferred to the Investor Education and Proteetlon Fund by the Company.

For R C CRADDA & w[> ] co. OWiTJ::RED ACCOUNTANTS (Firm's Registration No. 003151N}

==> picture [62 x 55] intentionally omitted <==

BHlSHM MADAN (PARTNER) M. No. 524462

==> picture [79 x 83] intentionally omitted <==

Place: New Deihl Date: 28.06.2021

UDIN: 21524462AAAAIR2095

I CA

R C CHADDA & CO LLP

CHARTERED ACCOUNTANTS UP Identification No. : AAB-4836 {Registered with Limited Uablllty)

A-27, Vivek Vihar, Phase-II, Dclh/-110095 Mob. ; 9810124112, 99906.24747 Emal/: rccandco@gmaif.com

"ANNERE A" TO T£ INDfENDENT AUDITORS' REPORT

Report on the AadiloT's responsibilities for the Audit of the Financial Statements

As parl of an audit in accordance with SAs, WE' exerdse profe,;sional judgment and maintain professional scepticism throughout the audit. We also:

• ldentify and assess the risks of material misstatement of lhe consolidated financial stall!rnenis, whelber due to fraud or error, design and perfonu audit procedures responsive to those risks, and obtain audit evidence that is sufficienl and appropriate to provide a basis for our opinion. The risk of not Jelt!Cting " material mtsstaternent resulting from fraud is higher Uran for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of .internal lvntrol.

• Obtain an understanding of internal financial controls relevant to the audil in order to design audit pnx."edures lhat are appropriate in the d!'l"umstances. Under section 143('3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company and its subsidiar[y ] companies which are companies incorporated In Lndla, has adequalP i.,t.-mal fin�ncial conl-r,:,ls system in pl;,c<' Md the <>p<'r�linr, eff<>etiven"ss Qf such controls.

• Evaluate the appropriateness of accou.nttng policies usro and the reasonableness of accounting estimates and related disclosures made by management

Conclude on the approprii\teness of management's use of the going conrem basis of accounling and, based on the audit cvid1mce obtained, wh,:,ther a material uncertainty cxislS re.lated lo events or conditions that may cast significant doubt on U-ie ability of U,e Group to continue as a go.ing concern. If we conclude that a material uncertainty exists, wr- are requi!l'd 10 draw att:eniion in our auditor's report to Lhe related disclosures In lhe consoliddted financial sldtemcnts or, if such disclosures are inadequate, Lo modify our opinion_ Our conclusions are baS<.-'d on the audil evidence obtained up to the date of our auditor's report. However, future events or conditions muy cause lhe Group lo cedse to continue as a going concern.

• Evaluale the overall present'dtion, structure and content of lhe consoliddted financial sta.tements, lncludJng the disdosures, and whe1her the ,onsolidaled financial statements represent the underlying transactions and events in a manner thdl achieves fair pl'l.'Senlation.

==> picture [82 x 85] intentionally omitted <==

I CA

RC CHADD A & CO LLP CHARTERED ACCOUNTANTS LLP Identification No. : AAB-4836 {Registered with Umited Liob/1/ty}

A-27, Vivek Vlhar, Phase-II, Delhi-110095 Mob.: 98l0124112, 9990624747 Emal/: rccandco@gmall.com

• Obtain :mfficient appropriate audit evidence regarding the (inancial information of Lh,e entities or business activitles within Lhe Group lo express an opinion on the consolidated fmancial statements. We are responsible for the direction, supervision and performance of the audit of the financial statements of such entities included in the consolidated financial statements.

Materiality is the magnitude oi misslatements in the consolidated financial sla!tm1ents that individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable nm>r of thP finanl'ial statements may be influenced. We ,onslder quanlitativc m<1terlality and qualitative- factors in (Q planning the scope of ou.r audit work and In evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatemenls in the financi.tl st-<>tements.

We communicate with those charged with governanCP regarding, among other matters, the planned scope and timing of the audit and significant audit findings, induding any significant dcficiendes in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied wiU1 relevant eU1kal re..1u.Jremenls regarding indo?pt>-nd._,n,·.-, and to , om111u11kate wll h them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, 01la1ed safeguards.

from the matters com.munlcated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements of the t'llrrent period dncl c1.re therefore the key audit matters. We describe lhesc mailers in our auditor's report unle�s law or regulation predudt>S public di5closure about the matter or when, in extremely rare circumstances, we determine that rl· a matter should nol be communicated in our n>pn hecau.se tht> advt>r<:e mn.sequPll("t'S of doing so would reasonably be expe[c] ted to outweigh the public interest benefits or such communication.

For RC OiADDA & CO. T,T.P 0-IARTERED ACCOUNTANl S ([F] inn' R,,g" !ration �o. 003151N) / v [0] <., '< BHJS � MAD AN · <2e1 FRN IN/°';. · l (PARTNER) . �l M. No. 524%2 � - t .� e, �-'?Eo,it,c".i;· Plllce: New Oe[h.i Date: 28.06.2021 ��OM.& c.

UDIN: 21524462AAAAIR2095

I CA

R C CHADDA & CO LLP CHARTERED ACCOUNTANTS LLP Identification No. : AAB-4836 (Registered with Limited Llab/1/ry)

A-27, Vivek Vlhar,

Phase-II, Delhi-110095 Mob.:9810124112,9990624747 Email: rccandco@gmail.com

"ANNEXURE B" TOTH:E INDEPENDENT AUDITORS' REPORT

Report on the Lnternal Finandal Controls under Oause (i) of Sub-section 3 of Section 143 of lh" O,mpanics Ad, 2013 ("the Acl")

In conjunction with our audit of the consolidated financial statements of the Company as of and for the year ended 31" Man:h 2021, wt' have audited the internal financial controls over financial reporting of Holding Company ,1nd its associate companies, which are companies incorporated in India, as of that date.

Management's Responsibility for lnternal financial Controls

The Board of Directors ol the Company and its associate companies, which are companies incorporated in lndia, are responsible for esr.iblfahing and mainlain.ing internal financial controls based on the iniernal control over ffnanl:'ial reporting criteria established by the respective Companies considering the essential components of internal control stated in the Guidance Note on Audjl of Internal Financial Control:s Over Financial Reporting issued by lhe ICAI. Thelie responsibilit[i] es Include lhe design, implemenldtion and maintenance of adequate lntemal financial controls that were operating effectively fo.r rnsanng the orderly and efficient conduct of il1i business, including adherence to the respective company's policies, the safeguarding of its a.s el.s, the prevention and detection of frauds and errors, lhe accuracy and completeness of Lh.e accounting records, and the timely preparation of reliable financial lnfoanation, as required under the Companies Act:, 2013.

Aud.itOJ's' Responsibility

Our responsibility is to express an opm1on on the internal financial controls over fim111dal n:,porling of Lhe Company anJ its <1Ssocialc �ompanie.., which an.- componle� incorporated ln lndla, b.tsed on our dud iL We conducted our audit In ,Kcordance wi1·h the l>u1dance Note on Audit ot Internal Mnanclal Controls Over tmanc1aJ Reportmp. (the "Guidance Nole") issued by the !CAI and the Standards on Audiling, prescribed under Section 143(10) of the Companies Act, 2013, to the exlenl applicable to an audit of Internal financi,11 controls. Those Siandards dfld the Guidance Non, require that we comply with Pl-hio'al n>qniremrnts and plan and perform the audit to obtain reasonable ,1ssurance about whether adequate internal financial controls over financial reporting was establl�hed and maintained and if such controls oper.i ed effectively in all material respects.

==> picture [82 x 84] intentionally omitted <==

Phase-II, Oe/hi-110095 Mob.:9810124112,9990624747 Emal/: rccandco@gmail.com

LlP Identification No. : AAB-4836 (Registered with Limited Uabllity}

l <A.

RC CHADDA & CO LLP CHARTERED ACCOUNTANTS

A-27, Vivek Vihar,

Our audit involves performing procedures IQ obtain audil evidenl-e about the adequacy u( the inlertldl finditddl <unlrols syswm over fin,mdal reporting anJ their oper<1ting effectiveness. Our dudit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, ,lSS<'SSing the risk that a material weakness exists, .i.nd testing and evaluating Lhe design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material rnis tatemenl of I.he financial statements, whelher due to fraud or error.

We believe lhal the audit evidence we have obtained is sufficient and appropriate lo provide a basis for OUT audll oplnloa on the lnlrmal financidl controls system over financial reporting of the Company and ilS subsidiary companies, which are companies incorporaled in lndia.

Meaning of Internal Financial Controls over Financial Reporting

A company's inl'emaJ £inandaJ control over financial reporting is a process designed to provide reason,tble assurance regarding the reliability of fina.ncial reporting and the preparaUon of financial slatements for extem."\l purposes in accordance with Benerally o.ccepted accounting principles. A company's intern.'11 financial control over financial reporting includes those policies and procedures that

(1) Pertain to the maintenance of records that, in reasonable detail, accurately and fairlv rcnect the transactioTIS and dispositions of the assets of lhe company;

(2) l'rovide reasonable assurance that transactions are recorded ,1s necessary lo permit preparation of financial st.atements in at-cord a nee with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorities of management· and directors of the company; and

(3) Provide reasonable assurance regarding prevention or timely detection of unauthori7..ed acquisition, use, or disposition of the company's assets that could have a mdlerial effect on the financial statements.

Inherent Lhnitatlcms of lntecnal f-uumcw Controls over Financial Reporting

Because of the fnherent limilations of the internal financial controls over financial reporl'ing, including Liw possibility of collusion or Improper mdllagement overri'de of controls, material mls.�tatements due to error or fraud may oc ur and not be detected. Also, projections of ,my evaluation of the internal financial controls over financial reporting to fu1ure periods are subject to the risk that lhe internal financial control over financial !'(>porting may become inadequate because of the cllangcs in conditions, or lnat the degree of compliance with the policies or procedures may deteriorate.

�DAitc, ��RN ,:� • • • i , 'f'. . I 'f: �[L'] DAc;e{t;

I CA

RC CHADDA & CO LLP

CHARTERED ACCOUNTANTS LLP Identification No.: AAB-4836 (Registered with Limited Uab/1/ty)

A-27, Vfvek Vihar, Phase-II, Delhf-110095 Mob. : 98101241:1.2, 9990624747 Ema/I: rc andco@gmafl.com

Opinion

In our opinion and to the best of our information and according 10 the explanations given to us, the Company ,md its associate company, which are companies incorporated in India, have, in all material respects, an adequate internal financial controls system over financial reporting and such intl'mal financial controls over financial repo11Jng were operating effectively as at 31" March 2021, based on the internal control over financial reporting crit.eria established by the respective companies considering U,e essential components of internal control stated in Lhe Guidance Note on Audit of Internal Financial Control$ Over Financial Reporting issued by the lnstilu!t' of Chartered Anountanl:,; of Tndi�.

For RC CHADDA & CO. U.P CHARTERED ACCOUNT ANTS (Firm's Registration No. 00315 N)

==> picture [73 x 45] intentionally omitted <==

B MADAN (PARTNER) M. No. 524462

==> picture [82 x 85] intentionally omitted <==

Place: New DeJhi Date: 28.06.2021

UDIN: 21524462AAAAIR2095

==> picture [612 x 126] intentionally omitted <==

AUDITEDCONSOLIDATED FINANCIAL RESULTS FOR THE YEAR			**ENDED AS ON 31ST MARCH, 20 **		21(Rs.in Lakh)
Sr. No	Particulars		Quarter Ended		Year Ended	Year Ended
		(31.03.2021)	(31.12.2020)	(31.03.2020)	(31.03.2021)	(31.03.2020)
		Audited	Unaudited	Audited	Audited	Audited
i	Revenue from Operation	-	-	-	-	-
ii	Other Income	-	-	1.02	-	25.16
iii	Total Revenue(i+ii)	-	-	1.02	-	25.16
iv	Expenses
	Purchase of Stock in Trade	-	-	-	-	-
	Employee benefit expenses	1.03	1.07	1.04	4.12	4.15
	Finance Cost	-	-	-	-	-
	Provision for Dimunition in Investment Value	-	-	-	-	-
	Provision for Doubtful Loans & Advances	94.00	-	-	94.00	-
	SundryBalances W/off	-	-	-	-	-
	Depreciation and Amortisation Expenses	0.00	0.00	0.00	0.01	0.01
	Other Expenses	0.43	4.13	2.73	7.95	18.92
	Total Expenses	95.46	5.20	3.77	106.08	23.08
v	Profit/ (loss) before exceptional Item & Tax (iii-iv)	(95.46)	(5.20)	(2.75)	(106.08)	2.08
vi	Exceptional Items	-	-	-	-	-
vii	Profit before tax(v-vi)	(95.46)	(5.20)	(2.75)	(106.08)	2.08
viii	Tax Expense	-	-	-	-	-
	(a)Current tax	-	-	0.59	-	0.52
	(b)Previous Year	0.08			0.08
	(c)Deffered tax	-	-	-	-	-
ix	Profit/(loss)for theperiod(vii-viii)	(95.54)	(5.20)	(2.16)	(106.16)	1.56
X	Shares of Profit/(Loss)of Associates	0.35	(0.09)	3.34	0.10	6.68
X	Other Comprehensive Income
	1(a)Items that will not be reclassified toprofit or(loss)	-	-	-	-	-
	(b)Income tax relatingto items that will not be reclassified	-	-	-	-	-
	toprofit or(loss)
	2(a)Items that will be reclassified toprofit or(loss)	-	-	-	-	-
	(b) Income tax relating to items that will be reclassified	-	-	-	-	-
	toprofit or(loss)
	Total	-	-	-	-	-
xi	Total Comprehsive income for the period (ix+x)	(95.19)	(5.29)	1.18	(106.06)	8.24
xii	Paid up Equity share value Capital (Face Value Rs 10/-)	21,425.65	21,425.65	21,425.65	21,425.65	21,425.65
xiii	Earning per EquityShare of Rs. 10/- each
	Basic	(0.0444)	(0.0025)	0.0005	(0.0495)	0.0038
	Diluted	(0.0444)	(0.0025)	0.0005	(0.0495)	0.0038
PART – II(Select Information for theQuarter Ended 31st March, 2021
A	PARTICULARS OF SHAREHOLDING
1	Public Shareholding
	Number of Shares	116748131	116748131	116748131	116748131	116748131
	Percentage of shareholding	54.49%	54.49%	54.49%	54.49%	54.49%
2	Promoter andpromotergroupshareholding
a)	Pledged/Encumbered
b)	Non-encumbered
	Number of Shares	97508369	97508369	97508369	97508369	97508369
	Percentage of Shares (as total shareholding of promoter and promoter group)	100%	100%	100%	100%	100%
	Percentage of shares (as a % of the total share capital of the company)	45.51%	45.51%	45.51%	45.51%	45.51%
	PARTICULARS
B	INVESTOR COMPLAINTS
	Pendingat the beginningof thequarter				NIL	~~NIL~~
	Receiving during the quarter				NIL	~~NIL~~
	Disposed of during the quarter				NIL	~~NIL~~
	NIL Remaining unresolved at the end of the quarter					~~NIL~~
Note: 1 2 3 4 The figures for the quarter ended 31st March 2021 and 31st March 2020 are the balancing figures between audited figures in respect to the full financial year and the published figure for the nine months ended 31st Dec. 2020 and 31 Dec 2019 respectively. Place: New Delhi Date: 28th JUNE, 2021 MANAGING DIRECTOR The Above Audited financial statements/results for the year ended as on 31st Mar. 2021, have been reviewed by audit committee and approved by the Board of Directors in their meetings held on 28th Jun 2021. The previous year figures have been regrouped, re-classified and recasted wherever necessary. The Company operates in only one segement DIN: 01379220 FOR PAN INDIA CORPORATION LIMITED VIJAY PAL SHUKLA

==> picture [612 x 114] intentionally omitted <==

Statement of Assets and Liabilities as on 31.03.2021

SR. NO. PARTICULARS A ASSETS 1 Non - Current Assets ( a ) Property, plant and equipment ( b ) Capital Work In Progress ( c ) Intangible assets ( d ) Intangible assets under development ( e ) Financial assets (I) Investments (II) Loans (III) Others ( f ) Income tax assets (net) ( g ) Other non-current assets Total - Non-Current Assets 2 Current Asstes ( a ) Inventories ( b ) Financial assets ( i ) Investments ( ii) Trade Receivable ( iii ) Cash and cash equivalents ( iv ) Bank balances other than (iii) above ( v ) Loans ( vi ) Other ( C ) Other current assets Total - Current Assets Total Assets B EQUITY AND LIABILITIES 1 Equity ( a ) Equity Share Capital ( b ) Other equity Total Equity LIABILITIES 2 Non - Current Liabilities ( a ) Other Non Current Liabilities ( b ) Defered Tax Liability (Net) Total Non - Current Liabilities 3 Current Liabilities ( a ) Financial lioabilities ( i ) Trade Payables ( II ) Other financial liabilities ( b ) Other current liabilities ( c ) Provisions Subtotal -- Current Liabilities Total Equity & Liabilities	(Rs. in Lakh ) As on 31st Mar 21 As on 31st Mar 20 0.08 0.09 - - - - - - 216.81 216.71 1,463.58 1,567.16 0.10 0.14 - - - -
	1,680.57 1,784.09
	- - - - - - - - 0.05 1.14 - - - - - - - -
	0.05 1.14
	1,680.62 1,785.24
	21,425.65 21,425.65 (20,026.02) (19,919.96) - -
	1,399.63 1,505.69
	276.48 276.48 0.01 0.01
	276.49 276.49
	- - - - 4.50 2.58 - - - 0.48
	4.50 3.06
	1,680.62 1,785.24

Total Equity & Liabilities

By the order of the Board of Directors For PAN INDIA CORPORATION LTD

==> picture [53 x 36] intentionally omitted <==

VIJAY PAL SHUKLA MANAGING DIRECTOR DIN: 01379220

Place : New Delhi Date : 28.06.2021

==> picture [612 x 120] intentionally omitted <==

Consolidated Statement of Cash flows for 31.03.2021

Consolidated Statement of Cash flows for 31.03.2021	Consolidated Statement of Cash flows for 31.03.2021	Consolidated Statement of Cash flows for 31.03.2021	Consolidated Statement of Cash flows for 31.03.2021
Figures in Lakh
Particulars	Note	2020-21	2019-20
A: CASH FLOW FROM OPERATING ACTIVITIES Profit before tax Adjustments for: Add: Depreciation & ammortisation expenses Finance costs Provision for Doubtful Loan & Advances Share in Net Profit/(loss) of Associates Loss on disposal of property, plant & equipment Loss on sale of Investment		(106.08) - 0.01 - 94.00 - -	8.76 - 0.01 - - 6.68 - -
		(12.07)	2.09
Less: Dividend received Interest income from financial assets measured at ammortised costs Gain on disposal of equity instruments measured at cost Gain on disposal of property, plant & equipment		- - - -	- - - -
Operating profit before change in operatingassets & liabilities
Adjustments for: (Increase)/decrease in inventories (Increase)/decrease in Loan and Advances Other liabilities (Increase)/decrease in trade receivables Sale of Investments (Increase)/decrease in other financial assets (Increase)/decrease in other assets Increase/(decrease) in non-current loans Increase/(decrease) in other current liabilities Increase/(decrease) in trade payables Increase/(decrease) in Investment Increase/(decrease) in Other non-current Liabilities Increase/(decrease) in short term provisions Increase/(decrease) in current provisions Increase/(decrease) in non current provisions		- 9.58 - - - 0.04 - - - - - 1.92 - - -	- 1.78 - - - - - - (2.81) - - (0.00) - -
		11.54	(1.03)
Cash generated from operations Less:		- -	- -
Income taxpaid(net of refund)		0.56	0.04
Net cash flow from operating activities A		(1.09)	1.02
B: CASH FLOW FROM INVESTING ACTIVITIES Payment to acquire property,plant & equipments Proceeds from disposal of equity instruments measured at FVOCI Repayments/(Disbursement) of loans given Proceeds from disposal of property, plant & equipments Interest received on financial assets measured at ammortised cost Dividend received Purchase of Shares		- - - - - - -	- - - - - - -
CASH FLOW FROM INVESTING ACTIVITIES B			-
C: CASH FLOW FROM FINANCING ACTIVITIES Repayments of term loans/non-current borrowings Disbursement/ (Repayments)of workingcapital loans/current borrowings		- -	- -
Total disbursement/(repayments) of working capital loans/current borrowings Interest paid Dividend on Equity shares(including dividend distribution tax)		- - -	- - -
CASH FLOW FROM FINANCING ACTIVITIES C		-	-
Net increase/(decrease) in cash & cash equivalents A+B+C Cash & cash equivalents at the beginning of the financialyear		(1.09) 1.14	1.02 0.12
Cash & cash equivalents at the end of the financialyear		0.05	1.14

By the order of the Board of Directors For PAN INDIA CORPORATION LTD

VIJAY PAL SHUKLA MANAGING DIRECTOR

Place: New Delhi Date: 28.06.2021

DIN: 01379220

ANNEXURE-C

Date: 28[th] June, 2021

DECLARATION

SUBJECT: PURSUANT TO REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 - DECLARATION IN RESPECT OF AUDIT REPORTS WITH UNMODIFIED OPINION FOR THE FINANCIAL YEAR ENDED 31[ST] MARCH, 2021

Dear Sir/ Ma’am,

Pursuant to Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, I Vijay Pal Shukla, Managing Director of the Pan India Corporation Limited , hereby declare that the Statutory Auditors of the Company, M/s. R.C. Chadda & Co. LLP, Chartered Accountants have issued an Audit Report with Unmodified Opinion on Audited Standalone & Consolidated Financial Results of the Company for the Quarter and Year Ended March 31[st] , 2021.

Kindly take this declaration on your records.

Thanking You,

For Pan India Corporation Limited

Vijay Pal Shukla (Managing Director) DIN: - 01379220