B. L. Kashyap and Sons Limited — Important, 07-02-2025: Updates

The Audit Committee has reviewed the report on interim internal financial controls at B.L. Kashyap and Sons Limited, confirming a well-structured and effective internal control framework. Key strengths include the implementation of the Navision system, which enhances data integrity and operational transparency. The engagement of independent auditors for project audits ensures ongoing compliance and continuous improvement, while the company's adherence to statutory laws safeguards against legal risks.

Areas identified for enhancement include strengthening IT backup systems to bolster cybersecurity and ensuring proper segregation of sensitive information within the file tracking system. Regular follow-ups on internal audit recommendations and reviews of the delegation of authority are also advised.

The Board acknowledges the satisfactory findings of the auditor, emphasizing the effectiveness of controls over financial reporting and compliance with applicable laws. Recommendations for enhancing data access and monitoring are noted for continuous improvement, with the Audit Committee set to oversee implementation. The overall outlook is positive, reflecting a commitment to governance and risk management.