Ruchi Infrastructure Ltd — Interim / Quarterly Report 2020

Aug 23, 2019

Ashok Khasgiwala & Co. LLp Chartered Accountants

702, Shekhar Central, Palasia Sqaure, A.B Road, Indore - 452007 T- +91 731 4069301,2499341 CK E' ashokkhasgiwala@yahoo.com

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To Board of Directors of Ruchi t nfrastructure Limited

• 1. We have reviewed the accompanying Statement of consolidated financial results of Ruchi lnfrastructure Limited ("the Holding Company") and its Subsidiaries ("the Holding company and its subsidiaries together referred to as "the Group") and share of profit (loss) its associate for the quarter ended 30th June, 2019, attached herewith, being submitted by the holding company pursuant to the requirement of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) ( as amended). Attention is drawn to the fact that the consolidated figures for the corresponding quarter ended 30 June 2018 and quarter ended 31 March 2019, as reported in these financial results have been approved by the Parent's Board of Directors, but have not been subjected to review since the requirement of submission of quarterly consolidated financial results has become mandatory only from 1 April 2019'
• 1. This statement, which is the responsibility of the Parent's management and approved by the parent,s Board of Directors, has been prepared in accordance with the recognition and measurement principrei,laid down in lndian Accounting standard 34 'lnterim Financial Reporting' ("lnd AS 34"), prescribed under Section 133 of the Companies Act, 2013' and other accounting principtes g"n"r"iry ";p6d in lndia and in compliance with Regulation 33 of the Listing heguiationi. Our responsibility is to express a conclusion on the Statement based on our review'
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) z+to "Review of lnterim Financial lnformation Performed by the lndependent Auditor of the Ent'rtyi,lssued by the lnstitute of Chartered Accountants of lndia. A review of interim financial information consists oi making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and oiher review procedures. A. review is substantially less in scope than an audiicond-uctedln accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion'

We also performed procedures in accordance with the circular issued by the Regulation 33 (8) of the sEBt (Listing obligations and Disclosure Requirements) 2015, as amended, to the extent applicable SEBI under Regulations,

1. The Statement includes the results of the following entities:

Name of Subsidiaries

• a. Peninsular Tankers Private Limited'
• b. Manglore Liquid lmpex Private Limited'
• c. RuchiRenewable Energy Private Limited'

Name of Associate

Narang and Ruchi DevloPers

• 1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid lndian Accounting Standard and other accounting principles generally accepted in lndia, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
• We did not review the interim financial information of 2 subsidiaries included in the consolidated unaudited financial results, whose interim financial information reflect total revenues of Rs.639.20 lacs, total net profit after tax of Rs.66.78 lacs and total comprehensive income of Rs.66.78 lacs, for the quarter ended 3Oth June 2019 as considered in the consolidated unaudited financial results. These interim financial information of subsidiaries have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and associates is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. 6.

The consolidated unaudited financial results also includes the Group's share of net loss after tax of Rs. 0.01 lacs and total comprehensive income of Rs.(0.01) lacs for the quarter ended 30th June 2019 as considered in the consolidated unaudited financial results, in respect of one associates, whose interim financial information have not beerr reviewed by us and certified by the management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of associate is based solely on the financial information provided by the management.

Our conclusion on the Statement is not modified in respect of the above matters

For Ashok Khasgiwala & Co. LLP Chartered ntants (Firm Reg.

Place: lndore Date: 1310812019 UDI N : 1907 9722AAAAEB4977