We have audited the accompanying Standalone Ind AS financial statements ot DHP INDIA LIM11 JtD |C1N
: L65921WB1991PLC051555] (“the Company”), which comprise the Balance Sheet as at March 31, 2025,
the Statement of Profit & Loss (including Other Comprehensive Income), the Statement of Changes in
Equity and the Statement of Cash Flows for the year ended on that date, and a Notes to the Standalone Ind
AS financial statements, including a summary of significant accounting policies and other explanatory
information.
In our opinion and to the best of our information and according to the explanation given to us, the aforesaid
Standalone Ind AS financial statements give the information required by the Companies Act, 2013, as amended
(“the Act”) in the manner so required and give a true and fair view in conformity with the Indian Accounting
Standards prescribed under section 133 of the Act read with the Companies (Indian Accounting Standards)
Rules, 2015, as amended, (“Ind AS”) and other accounting principles generally accepted in India, of the state of
affairs of the Company as at March 31, 2025, its profit including other comprehensive income, its changes in
equity and its cash flows for the year ended on that date.
(b) Basis for Opinion :
We conducted our audit of the Standalone Ind AS financial statements in accordance with the Standards on
Auditing (SAs), as specified under section 143(10) of the Act. Our responsibilities under those standards are
further described in the Auditor’s Responsibilitiesfor the Audit of the Standalone Ind AS Financial Statements
section of our report. We are independent of the Company in accordance with the “Code of Ethics” issued by the
Institute of the Chartered Accountants of India (ICAI) together with the ethical requirements that are relevant to
our audit of the financial statements under the provisions of the Act and the Rules made 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 audit
opinion on the standalone Ind AS financial statements.
(c) Key Audit Matters :
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of
the standalone Ind AS financial statements for the financial year ended March 31, 2025. These matters were
addressed in the context of our audit of the standalone Ind AS financial statements as a whole, and in forming
our opinion thereon, and we do not provide a separate opinion on these matters. As per our audit and verification
of books and records and fact finding etc. we have determined that there are no separate key audit matters applied
to this company which is communicated to the audit’s report. Our audit report is unmodified and self
explanatory.
2. Information other than the Standalone Ind AS Financial Statements and
Auditor’s Report Thereon :
The Company’s Board of Director is responsible for the preparation of the other information. The other
information comprises the information included in the Board’s Report (Director’s Report) including Annexures
to Board’s Report (Director’s Report), Corporate Governance Report, Management Discussion and Analysis,
Annual Return, Report on CSR Activities, but does not include the standalone Ind AS financial statements and
our auditor’s report thereon.
Our opinion on standalone Ind AS financial statements does not cover the other information and we do not express
any form of assurance conclusion thereon.
In connection with our audit of the standalone Ind AS financial statements, our responsibility is to read the other
information and, in doing so, consider whether such other information is materially inconsistent with the financial
statements or our knowledge in the audit or otherwise appears to be materially misstated.
If, based on the work we have performed, we conclude that there is a material misstatement of this other
information, we are required to report that fact. We have nothing to report in this regard.
3. Responsibilities of Management for the Standalone Ind AS Financial Statements:
The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act,
2013 (“the Act”) with respect to the preparation of these Standalone Ind AS financial statements that give a true
and fair view of the financial position, financial performance, including other comprehensive income, changes
in equity and cash flows of the Company in accordance with the accounting principles generally accepted in India
including the Indian Accounting Standards (Ind AS) specified under section 133 of the Act read with the
Companies (Indian Accounting Standards) Rules, 2015, as amended. This responsibility also includes
maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the
assets of the Company and for preventing and detecting frauds and other irregularities; selection and application
of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design,
implementation and maintenance of adequate internal financial controls, that were operating effectively for
ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation
of the Standalone Ind AS financial statements that give a true and fair view and are free from material
misstatement, whether due to fraud or error.
In preparing the standalone Ind AS financial statements, management is responsible for assessing the Companies
ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the
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.
Those Board of Directors are also responsible for overseeing the Company’s financial reporting process.
4. Auditor’s Responsibility for the Audit of the Standalone Ind AS Financial
Statements :
Our objectives are to obtain reasonable assurance about whether the Standalone Ind AS financial statements as
a whole are free from material misstatements, 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 this standalone Ind AS financial
statements.
As a part of an audit in accordance with SAs, we exercise professional judgment and maintain professional
skepticism throughout the audit. We also : -
• Identify an assess the risk of material misstatement of the standalone Ind AS financial statements,
whether due to fraud or error, design and perform audit procedures responsive to those risk, 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 and understanding of internal financial controls relevant to the audit in order to design audit
procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we also
responsible for expressing our opinion on whether the Company has adequate internal financial controls
with reference to financial statements in place the operating effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates
and related disclosures made by management.
• Conclude on the appropriateness of management’s use of the going concern basis of accounting and,
based on the audit evidence obtained, whether a material uncertainty exist related to events or conditions
that may cast significant doubt on the Companies ability to continue as a going concern. If we conclude
that a material uncertainty exist, we are required to draw attention in our auditor’s report to the related
disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our
conclusion 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 standalone Ind AS financial statements,
including the disclosures, and whether the standalone Ind AS financial statements represents the
underlying transactions and events in a manner that achieves fair presentation.
Materiality is the magnitude of misstatements in the standalone financial statements that, individually or in
aggregate, makes its probable that the economic decisions of a reasonably knowledgeable user of the financial
statements may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the
scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any
identified misstatements in the financial statements.
We communicate with those charge with governance regarding, among other matters, the planned scope and
timing of the audit and significant audit finding, including any significant deficiencies in internal control that
we identify during our audit.
We also provide those charges with governance with a statement that we have compiled 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.
From the matters communicated with those charges with governance, we determined those matters that were
of most significance in the audit of the standalone Ind AS financial statements for the financial year ended
March 31, 2025 and are therefore no specific key audit matters. We described this matters in our auditor’s
report unless law or regulation precludes public disclosure about the matter or when, in extremely rare
circumstances, we determined 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.
5. Report on Other Legal and Regulatory Requirements :
5.1 As required by Section 143(3) of the Act, based on our audit we report:
(a) We have sought and obtained all the information and explanations which to the best of our knowledge and
belief were necessary for the purpose of our audit;
(b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears
from our examination of those books;
5. Report on Other Legal and Regulatory Requirements :
5.1 As required by Section 143(3) of the Act, based on our audit we report:
(c) The Balance Sheet, the Statement of Profit and Loss including Statement of Other Comprehensive
Income, the Statement of Changes in Equity and the Statement of Cash Flow dealt with by this Report
. are in agreement with the relevant books of account;
(d) In our opinion, the aforesaid Standalone Ind AS financial statements comply with the Accounting Standards
specified under Section 133 of the Act, read with Companies (Indian Accounting Standards) Rule, 2015, as
amended;
(e) On the basis of the written representations received from the directors, as on March 31,2025, taken on record
by the Board of Directors, none of the directors is disqualified as on March 31, 2025 from being appointed
as a directors in terms of Section 164(2) of the Act;
(f) With respect to the adequacy of the internal financial controls over financial reporting of the Company with
reference to these standalone Ind AS financial statements and the operating effectiveness of such controls,
refer to our separate Report in “ANNEXURE - A” to this report. Our report expresses and unmodified
opinion on the adequacy and operating effectiveness of the Company’s internal financial controls over
financial reporting;
(g) With respect to the other matters to be included in the Auditor’s Report in accordance with requirement
of section 197(16) of the Act, as amended in our opinion and to the best of our information and according to
. the explanations given to us, the remuneration paid by the Company to its directors during the year is in
accordance with the provisions of section 197 of the Act;
(h) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the
Companies (Audit and Auditors) Rules, 2014, as amended in our opinion and to the best of our information
and according to the explanations given to us :
(i) The Company does not have any pending litigations which impact its financial position in its
Standalone Ind AS financial statements;
(ii) The Company has made provision, as required under the applicable law or accounting standards, for
material foreseeable losses, if any, on long-term contracts including derivative contracts- Refer Note
No. 28.2 to the Standalone Ind AS financial statements;
(iii) There has been no delay in transferring amounts, required to be transferred, to the Investor Education
and Protection Fund by the Company.
(iv) (a) The Management has represented that, to the best of its knowledge and belief, no funds
(which are material either individually or in the aggregate) have been advanced or loaned or
¦ invested (either from borrowed funds or share premium or any other sources or kind of funds)
by the Company to or in any other person or entity, including foreign entity (“Intermediaries”),
with the understanding, whether recorded in writing or otherwise, that the Intermediary shall,
whether, directly or indirectly lend or invest in other persons or entities identified in any
manner whatsoever by or on behalf of the Company (“Ultimate Beneficiaries”) or provide any
guarantee, security or the like on behalf of the Ultimate Beneficiaries;
(b) The Management has represented, that, to the best of its knowledge and belief, no funds
(which are material either individually or in the aggregate) have been received by the Company
from any person or entity, including foreign entity (“Funding Parties”), with the understanding,
whether recorded in writing or otherwise, that the Company shall, whether, directly or indirectly,
lend or invest in other persons or entities identified in any manner whatsoever by or on behalf
of the funding party (“Ultimate Beneficiaries”) or provide any guarantee, security or the like
on behalf of the Ultimate Beneficiaries;
5. Report on Other Legal and Regulatory Requirements :
5.1 As required by Section 143(3) of the Act, based on our audit we report:
(iv) (c) Based on the audit procedures that have been considered reasonable and appropriate in the
circumstances, nothing has come to our notice that has caused us to believe that the
representations under sub-clause (i) and (ii) of Rule 11(e), as provided under (a) and (b)
above, contain any material misstatement.
(v) . As stated in Note 28.11 to the standalone Ind AS financial statements
(a) The final dividend proposed in the previous year, declared and paid by the Company
during the year is in accordance with Section 123 of the Act, as applicable;
(b) No interim dividend was declared by the Company during the year and until the date of
¦ this report is in compliance with Section 123 of the Act;
(c) The Board of Directors of the Company have proposed final dividend for the year which
is subject to the approval of the members at the ensuing Annual General Meeting. The
amount of dividend proposed is in accordance with Section 123 of the Act, as applicable.
(d) Reporting on Audit Trails:
Based on our examination which included test checks, the company has used accounting software
for maintaining its books of accounts which has a feature of recording audit trail (edit log) facility
and the same has operated throughout the year for all relevant transactions recorded in the
software. Further during the course of our audit we did not come across any instance of audit
trail features being tampered with.
5.2 As required by the Companies (Auditors’ Report) Order, 2016 (“the Order”), as amended, issued by the
Central Government of India in terms of sub-section (11) of section 143 of the Act, we give in the
“ANNEXURE- B”, a statement on the matters specified in paragraph 3 and 4 of the said Order.
FOR NKSJ & ASSOCIATES
Firm Registration No. 329563E
Place : Kolkata Chartered Accountants
Date : The ....30th ....day of ...May.......2025 SD/-
(CA SNEHA JAIN)
UDIN: 25234454BMLGYY3145 Partner
Membership No...234454..
Address : NKSJ & ASSOCIATES, Chartered Accountants
Embassy Building, Flat No. IB, 1st Floor, 4, Shakespeare Sarani, Kolkata - 700 071
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