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- Important
- Financial Update
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Rama Petrochemicals Ltd — Results, 27-05-2025: Result
Rama
Rama Petrochemicals Pimited
MSME
REGN
NO.
:
UDYAM-—MH-27-0000324
CIN : L23200MH1985PLC035187
REGD. OFFICE :
SAVROLI
KHARPADA
ROAD,
TEL:
02192
250329
VILLAGE
VASHIVALI,
P.O.
PATALGANGA,
02192
251211
Ref
:
RPCL/2025/224
TALUKA
KHALAPUR,
E-MAIL:
rama@ramagroup.co.in
Date
:
May
27,
2025
DISTRICT
RAIGAD
-
410
220.
MAHARASHTRA
WEB
:
www.ramapetrochemicals.com
To,
Bombay Stock Exchange Limited,
Corporate Relationship Department
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort,
Mumbai — 400 001
BSE Scrip Code : 500358
Name
of
the
Company
:
RAMA
PETROCHEMICALS
LIMITED
Dear Sir,
We
wish
to
inform
you
that
at
the
Meeting
held
today,
the
Board
has
considered
and
approved
the
Audited
Standalone
and
Consolidated
Financial
Results
for
the
Quarter
and
Year
Ended
31st
March,
2025.
‘Pursuant to Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements),
we enclose the following:
1. Audited Standalone and Consolidated Financial Results for the year ended 31st
March, 2025 together with Standalone and Consolidated Statement of Assets &
Liabilities as on 31st March, 2025 and Cash Flow for the year ended 31st March,
2025.
2. Auditors Reports on the Standalone and Consolidated Financial Results for the
year ended 31st March, 2025 issued by the statutory auditors M/s. Khandelwal &
Mehta LLP, Chartered Accountants.
3.
Annexure
I,
in
the
prescribed
format
furnishing
Statement
on
Impact
of
Audit
Qualification
for
Audit
Report
with
modified
opinion
for
Standalone
Financial
Results
and
Consolidated
Financial
Results
separately.
The
Meeting
of
the
Board
of
Directors
of
the
Company
Commenced
at
3.15
p.m.
and
Concluded
at
3.50
p.m.
We request you to kindly take note of the same.
Thanking you,
Yours faithfully,
For RAMA PETROCHEMICALS LIMITED
Digitally signed by HARESH
HARESH DOULAT DOULAT RAMSINGHANI
RAMSINGHANI Date: 2025.05.27 16:12:33
+05'30'
HARESH D. RAMSINGHANI
MANAGING DIRECTOR
DIN 00035416
CORPORATE OFFICE : 51-52, FREE PRESS HOUSE, FREE PRESS JOURNAL MARG, NARIMAN POINT, MUMBAI - 400 021.
TEL : (91-22) 2283 3355 / 6154 5100 | FAX : (91-22) 2204 9946 | E-MAIL : rama@ramagroup.co.in | WEB. : www.ramapetrochemicals.com
TALUKA KHALAPUR,
DISTRICT
RAIGAD
-
410
220.
MAHARASHTRA
WEB
(Potrochomieals Pimited
MSME
REGN
NO.
:
UDYAM-MH-27-0000324
CIN : L23200MH1985PLC035187
REGD. OFFICE :
SAVROLI KHARPADA ROAD,
VILLAGE
VASHIVALI,
P.O.
PATALGANGA,
TEL
E-MAIL:
STATEMENT
OF
STANDALONE
AND
CONSOLIDATED
AUDITED
FINANCIAL
RESULTS
FOR
THE
QUARTER
AND
YEAR
ENDED
31ST
MARCH
2025
> 02192 250329
02192 251211
rama @ramagroup.co.in
: wWww.ramapetrochemicals.com
(Rs. In Lacs)
Sil
Consolid
Quarter
Ended
Year
to
Date
Quarter
Ended
Year
to
Date
PARTICULARS
31.03.2025
|
31.12.2024
|
31.03.2024
|
31.03.2025
31.03.2024
|
31.03.2025
|
31.12.2024
31.03.2024
|
31.03.2025
|
31.03.2024
(Audited)
|
(Unaudited)
(Audited)
|
(Audited)
(Audited)
(Audited)
|
(Unaudited)
(Audited)
(Audited)
(Audited)
1 Revenue from Operations
a)
Net
Sales
/
Income
from
Operations
3.61
2.55
-
9.01
81.08
3.61
2.69
0.06
9.16
81.14
b)
Other
Income
0.11
-
78.82
0.14
80.22
0.12
-
79.81
0.16
81.29
Total
Revenue
3.72
235
78.82
9.15
161.30
3.73
2.69
79.87
9.32
162.43
2 Expenses
a)
Purchase
of
Stock-in-Trade
2.15
212
-
6.65
75.76
2.15
2.12
0.05
6.66
75.81
b)
(Increase)/decrease
in
Stock
in
Trade
-
-
-
-
-
-
0.01
-
0.01
-
c)
Employee
benefits
expenses
15.76
21.66
13,36
64.26
57.51
15.76
21.66
13,36
64.26
57.51
d)
Finance
Cost
144.28
144.24
52.92
548.05
139.23
144.28
144.24
52.92
548.05
139.23
e)
Depreciation
and
amortisation
expenses
0.37
0.37
0.99
148
1.46
0.41
0.42
1.04
1.66
1.65
f)
Other
Expenditure
23.20
10.54
13.19
69.21
52.94
23.92
11.30
13.83
71.63
54.98
Total
Expenses
185.76
178.93
80.46
689.65
326.90
186.52
179.75
81.20
692.27
329.18
3
Profit/(Loss)
before
Exceptional
items
and
Tax
(182.04)
(176.38)
(1.64)]
(680.50)
(165.60)
(182.79)|
(177.06)
(1.33)}
—
(682.95)|
(166.75)
4
Exceptional
Items
-
-
-
-
126.03
-
-
-
-
126.03
5
Profit
/
(Loss)
after
Exceptional
items
and
before
Tax
(182.04)
(176.38)
(1.64)
(680.50)
(39.57)
(182.79)|
(177.06)
(1.33)
(682.95)
(40.72)
6 Tax Expenses
-
Current
Tax
*
-
”
+
=
*
,
-
-
=
-
Deferred
Tax
-
*
-
*
”
-
-
.
-
-
7
Profit
/
(Loss)
for
the
period
(182.04)
(176.38)
(1.64)|
(680.50)
(39.57)
(182.79)|
(177.06)
(1.33)|
(682.95)
(40.72)
8
Other
Comprehensive
Income
/
(Expenses)
(Net
of
Tax)
(4.11)
0.04
(0.39)
(4.01)
0.13
(4.11)
0.04
(0.39)
(4.01)
0.13
Items that will not be reclassified subsequently to profit or loss
Re-measurement gains/(losses) on defined benefit obligations
9
Total
Comprehensive
Profit/
(Loss)
for
the
period
(186.15)
(176.34)
(2.03)|
(684.51)
(39.44)
(186.90)}
(177.02)
(1.72)}
(686.96)
(40.59)
10}
Paid
up
Equity
Share
Capital
(Face
Value
of
Rs.10/-
per
1,172.42
1,046.94
|
1,046.94}
1,172.42
1,046.94
1,172.42
|
1,046.94]
1,046.94]
1,172.42
1,046.94
Share)
11] Earning Per Share (EPS) (Not annualised)
F lue of Rs.10/- per Share
»
Bacio.”
_
°
)
(1.77)
(1.68)
(0.02)
(6.53)
(0.38)
(1.78)
(1.69)
(0.02)
(6.55)
(0.39)
b)
Diluted
-~
(1.77)
(1.68)
(0.02)
(6.53)
(0.38)
(1.78)
(1.69)
(0.02)
(6.55)
(0.39)
(
eh
re
Vos
4
) i
g
aes
)
J
4,
CORPORATE OFFICE : 51-52, FREE PRESS HOUSE, FREE PRESS JOURNAL MARG, NARIMAN POINT, MUMBAI - 400 021.
TEL
:
(91-22)
2283
3355
/
6154
5100
|
FAX
:
(91-22)
2204
9946
|
:
rama@ramagroup.co.in
|
WEB.
:
www.ramapetrochemicals.com
ama)
STATEMENT
OF
STANDALONE
AND
CONSOLIDATED
ASSETS
AND
LIABILITIES
AS
AT
31ST
MARCH
2025
( in lacs)
Standalone
Consolidated
Asat
year
|
Asatyear
|
Asat
year
|
Asat
year
ended
ended
ended
ended
PARTICULARS
31.03.2025
|
31.03.2024
|
31.03.2025
|
31.03.2024
(Audited)
(Audited)
(Audited)
(Audited)
A ASSETS:
1 Non-Current Assets
Property,
Plant
and
Equipment
64.65
66.13
70.40
72.06
Financial Assets
Investments
=
=
z
-
Other
Financial
Assets
36.92
36.28
37.00
36.31
Total
Non
Current
Assets
101.57
102.41
107.40
108.37
2 Current Assets
Inventories
-
-
.
0.01
Financial Assets
Trade
Receivable
=
-
-
-
Cash
and
cash
equivalents
632.05
54.44
632.63
56.45
Loans
-
4
-
-
Other
Financial
Assets
185.12
193.03
185.12
193.03
Current
Tax
Assets
(Net)
-.
0.08
-
0.18
Other
Current
Assets
48.95
43.47
52.91
45.22
Total
Current
Assets
866.12
291.02
870.66
294.89
Total
Assets
967.69
393.43
978.06
403.26
B EQUITY AND LIABILITIES :
1 Equity
Equity
Share
Capital
1,172.42
1,046.94
1,172.42
1,046.94
Other
Equity
(7,084.99)
(6,492.89)]}
(7,105.94)|
(6,511.39)
(5,912.57) (5,445.95)| _(5,933.52)| _ (5,464.45)
2 Liabilities
Non Current Liabilities
Financial liabilities
Borrowings
1,479.50
840.00
1,479.50
840.00
Other
Financial
Liabilities
-
1,453.70
-
1,453.70
Provisions
13.57
11.54
13.57
11.54
Total
Non
Current
Liabilities
1,493.07
2,305.24
1,493.07
2,305.24
3 Current Liabilities
Financial Liabilities
Borrowings
4,954.00
3,129.00
4,985.00
3,157.00
Trade
payable
14.47
14.94
14.47
14.94
Other
Financial
Liabilities
50.65
53.65
50.95
53.98
Other
Current
Liabilities
363.42
336.01
363.44
336.01
Provisions
4.65
0.54
4.65
0.54
Total
Current
Liabilities
5,387.19
3,534.14
5,418.51
3,562.47
ee
Total
Equity
and
Liabilities
967.69
393.43
978.06
403.26
RAMA PETROCHEMICALS LTD.
CASH
FLOW
STATEMENT
FOR
THE
YEAR
ENDED
MARCH
31,
2025
For the year
For the year
Particulars
ended
March
ended
March
31,
31,
2025
2024
A.
CASH
FLOW
FROM
OPERATING
ACTIVITIES
:
Profit
/
(Loss)
before
tax
(680.50)
(39.57)
Adjustments
for
:
Depreciation
on
property,plant
and
equipment
1.48
1.46
Finance
Cost
548.05
139.23
Sundry
Balances
written
Back
(0.01)
(79.12)
Acturial
Gain/(Loss)
on
Defined
Benefit
Plan
(4.01)
0.13
Dividend
income
-
(0.05)
Interest
income
(0.13)
(0.52)
545.38
61.13
Operating
(Loss)
/
Profit
before
working
capital
changes
(135.12)
21.56
Adjustment
for
changes
in
working
capital
(Increase)
/
Decrease
in:
Trade
receivables
-
10.39
Other
financial
assets
-
Non
Current
(0.63)
18.77
Other
financial
assets
-Current
7.91
0.24
Other
Current
Assets
(5.48)
(5.03)
Provisions
-
Non
Current
2.03
1.27
Trade
payables
(0.46)
(10.48)
Other
financial
liabilities
-
Non
current
(1,453.70)
(1,523.71)
Other
financial
liabilities
-
current
(3.00)
(30.70)
Other
Current
liabilities
27.41
13.76
Provisions
-
Current
4.10
0.20
Cash generated from Operations
Direct
taxes
paid
0.08
0.04
Net
Cash
generated
from
Operating
activities
before
exceptional
items
(1,556.86)
(1,503.69)
Exceptional
item
-
(126.03)
Net
Cash
generated
from
/
(used
in)
Operating
activities
(1,556.86)
(1,629.72)
B.
CASH
FLOW
FROM
INVESTING
ACTIVITIES
:
Purchase
of
fixed
assets
-
(6.11)
Dividend
received
-
0.05
Interest
received
0.13
0.52
Net
Cash
generated
from
/
(used
in)
Investing
activities
0.13
(5.54)
C.
CASH
FLOW
FROM
FINANCING
ACTIVITIES
:
Proceeds
from/(repayment)
of
borrowings
(net)
2,464.50
1,819.00
Finance
Cost
(548.05)
(139.23)
Proceeds
from
Fresh
issue
of
shares
during
the
year
125.48
-
Money
Received
agsinst
Share
warrants
92.41
-
Net
Cash
used
in
Financing
activities
2,134.34
1,679.77
NET
INCREASE
/
(DECREASE)
IN
CASH
AND
CASH
EQUIVALENTS
(A+B:
577.61
44.51
Cash
and
Cash
Equivalents
-
at
the
start
of
the
year
Le
54.44
9.93
Cash
and
Cash
Equivalents
-
at
the
end
of
the
year
M
ics
632.05
54.44
oer
Note: C
The above statement of Cash Flows has been prepared under th
Cash Flows'
(1,421.82)
(1,556.94)
(1,525.29)
(1,503.73)
direct Method" as set out in IND AS 7, ‘Statement of
RAMA PETROCHEMICALS LTD.
CONSOLIDATED
CASH
FLOW
STATEMENT
FOR
THE
YEAR
ENDED
MARCH
31,
2025
(Rs. in lacs) (Rama)
For the year For the year
Particulars
ended
March
ended
March
31, 2025 31, 2024
A.
CASH
FLOW
FROM
OPERATING
ACTIVITIES
:
Profit
/
(Loss)
before
tax
(682.95)
(40.72)
Adjustments
for
:
Depreciation
on
property,plant
and
equipment
1.66
1.65
Finance
Cost
548.05
139.23
Sundry
Balances
written
Back
(0.01)
(79.12)
Acturial
Gain/(Loss)
on
Defined
Benefit
Plan
(4.01)
0.13
Dividend
income
(0.01)
(0.12)
Interest
income
(0.14)
(0.52)
545.54 61.25
Operating
(Loss)
/
Profit
before
working
capital
changes
(137.41)
20.53
Adjustment
for
changes
in
working
capital
(Increase)
/
Decrease
in:
Trade
receivables
- 10.39
Inventories
0.01
-
Other
financial
assets
-
Non
Current
(0.70)
18.77
Other
financial
assets
-Current
7.91
0.24
Other
Current
Assets
(7.69)
(4.98)
Provisions
-
Non
Current
2.03
1.27
Trade
payables
(0.47)
(10.48)
Other
financial
liabilities
-
Non
current
(1,453.70)
(1,523.71)
Other
financial
liabilities
-
current
(3.02)
(33.06)
Other
Current
liabilities
27.43
13.70
Provisions
-
Current
4.11
0.20
(1,424.09) (1,527.66)
Cash
generated
from
Operations
(1,561.50)
~
(1,507.13)
Direct
taxes
paid
0.19
(0.06)
Net
Cash
generated
from
Operating
activities
before
exceptional
items
~~
1,561.31)
~
(1,507.19)
Exceptional
item
-
(126.03)
Net
Cash
generated
from
/
(used
in)
Operating
activities
(1,561.31)
(1,633.22)
B. CASH FLOW FROM INVESTING ACTIVITIES :
Purchase
of
Fixed
Assets
-
(6.11)
Dividend
received
0.01
0.12
Interest
received
0.14
0.52
Net
Cash
generated
from
/
(used
in)
Investing
activities
0.15
(5.47)
C. CASH FLOW FROM FINANCING ACTIVITIES :
Proceeds
from/(repayment)
of
borrowings
(net)
2,467.50
1,822.00
Finance
Cost
(548.05)
(139.23)
Proceeds
from
Fresh
issue
of
shares
during
the
year
125.48
-
Money
Received
agsinst
Share
warrants
92.41
-
Net
Cash
used
in
Financing
activities
2,137.34
1,682.77
NET
INCREASE
/
(DECREASE)
IN
CASH
AND
CASH
EQUIVALENTS
(A+B+C
576.18
44.08
Cash
and
Cash
Equivalents
-
at
the
start
of
the
year
56.45
12.37
Cash
and
Cash
Equivalents
-
at
the
end
of
the
year
632.63
56.45
Note:
=
The
above
statement
of
Cash
Flows
has
been
prepared
under
th
irect
Methbd!
as
set
out
in
IND
AS
7,
'Statement
of Cash Flows'
ama)
1
The
Company
/
Group
operates
in
only
one
region
and
no
separate
risk
is
associated
hence
there
is
no
reportable
geographical
segment.
NOTES
2
Segment
wise
reporting
as
required
in
IND
AS
108
is
not
applicable
as
the
Company
/
Group
has
only
one
segment.
3
Auditors
have
expressed
modified
opinion
and
conclusion
in
the
Audit
Report
and
Limited
Review
report
on
Company's
treatment
for
payment
of
Rs.
185.00
Lakhs
towards
release
of
collateral
securities,
as
‘Other
Financial
Assets’.
This
being
not
in
accordance
with
generally
accepted
accounting
principles
Retained
Earnings
and
Current
Assets
are
higher
as
on
31st
March,
2025
by
Rs.
185.00
Lakhs.
In
this
regard,
the
management
has
treated
the
payment
as
'Other
Financial
Assets'
in
the
interim
period
pending
the
release
of
collateral
securities
by
all
the
security
holders
and
same
shall
be
adjusted
in
due
course
after
the
collateral
securities
are
release
by
all
the
security
holders.
In
view
of
the
Company
/
Group
not
expecting
any
taxable
profits
in
near
future,
no
deferred
tax
asset,
if
any,
is
recognised.
Figures
of
the
previous
quarter/period/year
have
been
regrouped
/
rearranged
wherever
necessary
to
make
them
comparable.
6
The
above
financial
results
have
been
reviewed
by
the
Audit
Committee
and
approved
by
the
Board
of
Directors
in
its
meeting
held
on
May
27,2025
in
terms
of
Regulation
33
of
SEBI
(Listing
Obligation
and
Disclosure
Requirements)
Regulations,
2015.
7
The
Company
has
allotted
49,50,950
fully
convertible
Share
warrants
of
the
face
value
of
Rs.
10/-
each
by
way
of
Preferential
issue
on
private
placement
basis
at
an
issue
price
of
Rs.
10/-
per
equity
share
(comprising
of
Rs.
2.50
as
warrant
subscription
price
and
Rs.
7.50
as
warrant
exercise
price)
in
one
or
more
tranches,
to
the
proposed
allottees,
as
approved
by
the
shareholders
at
the
Extra
Ordinary
Meeting
(EOGM)
held
on
February
18,
2025.
The
warrant
holders
shall
be
entitled
to
exercise
their
option
to
convert
any
or
all
of
the
warrants
into
equity
shares,
in
one
or
more
trenches
within
18
(eighteen)
months
from
the
date
of
allotment.
During
the
year
under
review,
12,54,750
no
of
warrants
are
converted
into
equity
shares
on
exercise
of
the
option
by
the
warrant
holders.
8
The
Statutory
Auditors
have
carried
out
"Limited
Review"
of
the
above
financial
results.
For and on behalf of the Board
For RAMA PETROCHEMICALS LTD.
Vas
H.D.RAMSINGHANI
MANAGING DIRECTOR
DIN : 00035416
Place : Mumbai
Date : May 27, 2025
Khandelwal & Mehta LLP
Chartered Accountants
(LLP No.AAE-3742)
INDEPENDENT
AUDITOR’S
REPORT
ON
AUDIT
OF
STANDALONE
ANNUAL
FINANCIAL
RESULTS
AND
LIMITED
REVIEW
OF
STANDALONE
QUARTERLY
FINANCIAL
RESULTS
To
The Board of Directors of
Rama Petrochemicals Limited
Qualified Opinion and Conclusion
We
have
audited
the
accompanying
Standalone
Financial
Results
of
Rama
Petrochemicals
Limited
(the
“Company’)
for
the
quarter
and
year
ended
March
31,
2025
(the
“Statement’),
being
submitted
by
the
Company
pursuant
to
the
requirements
of
Regulation
33
of
the
SEBI
(Listing
Obligations
and
Disclosure
Requirements)
Regulations,
2015,
as
amended
(‘the
Listing
Regulations”)
Qualified
Opinion
on
Standalone
Annual
Financial
Results
Except
to
the
possible
effects
of
matters
prescribed
in
the
“Basis
for
Qualified
Opinion
on
Standalone
Audited
Financial
Statements
for
the
year
ended
March
31,
2025
and
Conclusion
on
the
Standalone
Financial
Results
for
the
quarter
ended
March
31,
2025”
paragraph
below,
in
our
opinion
and
to
the
best
of
our
information
and
according
to
the
explanations
given
to
us
the
Standalone
Financial
Results
for
the
quarter
and
year
ended
March
31,
2025:
(i)
is
presented
in
accordance
with
the
requirements
of
Regulation
33
of
the
SEBI
(Listing
Obligations
and
Disclosure
Requirements)
Regulations,
2015,
as
amended:
and
(ii)
gives
a
true
and
fair
view
in
conformity
with
the
recognition
and
measurement
principles
laid
down
in
the
Indian
Accounting
Standards
and
other
accounting
principles
generally
accepted
in
India
of
the
Net
loss
and
other
comprehensive
loss
and other
financial
information
of
the
Company
for
the
quarter
and
year
ended
March
31,
2025.
Qualified Conclusion on the Standalone Financial Results for the quarter and year ended March
31, 2025
With respect to the Standalone Financial Results for the quarter and year ended March 31, 2025, based
on our review conducted and procedures performed as stated in Auditor's Responsibilities section below,
except to the possible effects of matters prescribed in the “Basis for Qualified Opinion on Standalone
Audited Financial Statements for the year ended March 31, 2025 and Conclusion on the
Standalone Financial Results for the quarter ended March 31, 2025” paragraph below, nothing has
come to our attention that causes us to believe that the Standalone Financial Results for the quarter and
year ended March 31, 2025, prepared in accordance with the recognition and measurement principles
laid down in the Indian Accounting Standards and other accounting principles generally accepted in India,
401, Sheetal Enclave, B/H. Tangent Furniture Mall, Chincholi Bunder, Off. Link Road, Malad (W), Mumbai 64.
e-mail : contact@khandelwalandmehta.com
S.L. Khandelwal - 9821245353 @ N.S. Khandelwal - 9870553531
GSTIN : 27AAPFK6261N1ZL
Khandelwal & Mehta LLP
Chartered Accountants
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.
Basis
for
Qualified
Opinion
on
Standalone
Audited
Financial
Statements
for
the
year
ended
March
31,
2025
and
Conclusion
on
the
Standalone
Financial
Results
for
the
quarter
ended March
31,
2025.
We
draw
your
attention
that
in
earlier
years,
the
Company
has
treated
payment
of
Rs.
185
lakhs
towards
release
of
collateral
securities,
as
‘Other
Financial
Assets’
which
the
company
intends
to
adjust
after
release
of
collateral
securities
by
all
the
security
holders.
This
being
not
in
accordance
with
generally
accepted
accounting
principles.
Retained
Earnings
and
Current
Assets
are
higher
as
on
31st
March,
2025
by
Rs.
185
lakhs.
Our opinion is modified in respect of above-mentioned matter.
We
conducted
our
audit
in
accordance
with
the
Standards
on
Auditing
(SAs)
specified
under
section
143(10)
of
the
Companies
Act,
2013,
as
amended
("the
Act").
Our
responsibilities
under
those
Standards
are
further
described
in
the
"Auditor's
Responsibilities
for
the
Audit
of
the
Standalone
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
Standalone
Financial
Statements
under
the
provisions
of
the
Act
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
obtained
by
us
is
sufficient
and
appropriate
to
provide
a basis
for
our
opinion.
Management’s Responsibilities for the Standalone Financial Results
The Statement has been prepared on the basis of the Standalone Financial Statements. The Company's
Management and the Board of Directors of the Company are responsible for the preparation and
presentation of the Statement that gives a true and fair view of the net loss and other comprehensive loss
of the Company and other financial information in accordance with the applicable accounting standards
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 the 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 Statement that give a true and fair view and are free from material misstatement, whether due to
fraud or error,
Khandelwal & Mehta LLP
Chartered Accountants
In
preparing
the
Standalone
Financial
Results,
the
Board
of
Directors
of
the
Company
are
responsible
for
assessing
the
ability
of
the
Company
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
of
the
Company
are
responsible
for
overseeing
the
financial
reporting
process
of
the
Company.
Auditor's
Responsibilities
for
Standalone
Financial
Results
Our
objectives
are
to
obtain
reasonable
assurance
about
whether
the
Statement
as
a
whole
is
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
nota
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
Financial
Statement.
As
part
of
an
audit
in
accordance
with
SAs,
we
exercise
professional
judgment
and
maintain
professional
skepticism
throughout
the
audit.
We
also:
e
—
Identify
and
assess
the
risks
of
material
misstatement
of
the
Annual
Standalone
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.
e
Obtain
an
understanding
of
internal
financial
controls
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
such
controls.
e
Evaluate
the
appropriateness
of
accounting
policies
used
and
the
reasonableness
of
accounting
estimates
made
by
the
management
e Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in
terms of the requirements specified under Regulation 33 of the Listing Regulations..
e 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 the ability of the Company 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 in adequate, to modify our opinion. Our conclusions are based on the audit evidence obtained
Khandelwal & Mehta LLP
Chartered Accountants
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,
e
—
Evaluate
the
overall
presentation,
structure
and
content
of
the
Annual
Standalone
Financial
Results,
including
the
disclosures,
and
whether
the
Annual
Standalone
Financial
Results
represent
the
underlying
transactions
and
events
in
a
manner
that
achieves
fair
presentation,
Materiality
is
the
magnitude
of
misstatements
in
the
Annual
Standalone
Financial
Results
that,
individually
or
in
aggregate,
makes
it
probable
that
the
economic
decisions
of
a
reasonably
knowledgeable
user
of
the
Annual
Standalone
Financial
Results
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
Annual
Standalone
Financial
Results.
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.
Other Matter
The
Statement
includes
the
results
for
the
quarter
ended
March
31,
2025
being
the
balancing
figure
between
the
audited
figures
in
respect
of
the
full
financial
year
ended
March
31,
2025
and
the
published
Standalone
unaudited
year-to-date
figures
up
to
the
third
quarter
of
the
current
financial
year,
which
were
subjected
to
a
limited
review
by
us,
as
required
under
the
Listing
Regulations.
For Khandelwal & Mehta LLP
Chartered Accountants
Firm Regn. No. W100084
KHANDELWAL
Sunil Khandelwal
(Partner)
M. No.: 101388
Place: Mumbai.
Date: 27-05-2025
UDIN: 25101388BMNVNP4035
Statement
on
Impact
of
Audit
Qualifications
(for
audit
report
with
modified
opinion
Rama)
Rama Potrechomieals QPimited
MSME
REGN
NO.
:
UDYAM—-MH-27-0000324
CIN : L23200MH1985PLC035187
REGD. OFFICE :
SAVROLI KHARPADA ROAD,
VILLAGE
VASHIVALI,
P.O.
PATALGANGA,
02192
251211
TALUKA
KHALAPUR,
E-MAIL:
rama@ramagroup.co.in
DISTRICT
RAIGAD
-
410
220.
MAHARASHTRA
WEB_
:
www.ramapetrochemicals.com
TEL : 02192 250329
ANNEXURE |
submitted
along-with
Annual
Audited
Financial
Results
-
(Standalone)
Statement
on
Impact
of
Audit
Qualifications
for
the
Financial
Year
ended
March
31,
2025
[See
Regulation
33
/
52
of
the
SEBI
(LODR)
(Amendment)
Regulations,
201
6]
Se te
[Rs. In Lakhs]
SI.
Particulars
Audited
Figures
Adjusted
Figures
(as reported
before adjusting
for qualifications)
(audited figures after
adjusting for
qualifications)
Turnover
/
Total
income
9.15
9.15
Total
Expenditure
689.65
689.65
Net
Profit/(Loss)
(684.51)
(684.51)
Earnings
Per
Share
(in
Rs)
(6.53)
(6.53)
Total
Assets
967.69
182.69
Total
Liabilities
6880.26
6880.26
00}
N}O
}or/
|
Oo
|
hy
[=
Net
Worth
(5912.57)
(6097.57)
Any other financial item(s) (as felt appropriate
by the management)
1.
Audit
Qualification
(each
audit
qualification
separately)
:
a. Details
of
Audit
Qualification
:
We
draw
attention
that
in
earlier
years,
the
Company
has
treated
payment
of
Rs.
185
lakhs
and
towards
release
of
collateral
securities,
as
‘Other
Financial
Assets’
which
the
company
intends
to
adjust
after
release
of
collateral
securities
by
all
the
security
holders.
This
being
not
in
accordance
with
generally
accepted
accounting
principles.
Retained
Earnings
and
Current
Assets
are
higher
as
on
31st
March,
2025
by
Rs.
185
lakhs.
Type of Audit Qualification : Qualified Opinion / Diselaimerof Opinion+Adverse Opinion
Frequency of qualification :
Appeared firsttime / repetitive / since how long continuing
Since 2021-2022
For Audit Qualification(s) where the impact is quantified by the auditor, Management's
Views : The Management has treated the payment as “Other Financial Assets” in the interim
period pending the release of collateral security by all the security holders and same shall be
adjusted in due course after the collateral securities are released by all the security holders.
CORPORATE OFFICE : 51-52, FREE PRESS HOUSE, FREE PRESS JOURNAL MARG, NARIMAN POINT, MUMBAI - 400 021.
TEL: (9 1-22) 2283 3355 / 6154 5100 | FAX : (91-22) 2204 9946 | E-MAIL: rama@ramagroup.co.in | WEB. : www.ramapetrochemicals.com
e.
For
Audit
Qualification(s)
where
the
impact
is
not
quantified
by
the
auditor
:
(i)
Management's
estimation
on
the
impact
of
audit
qualification
:
Not
Applicable
(ii)
If
management
is
unable
to
estimate
the
impact,
reasons
for
the
same
:
Not
Applicable
(iii)
Auditors'
Comments
on
(i)
or
(ii)
above
:
No
Comments
For
Rama
Petrochemicals
Limited
\\
ae
ROcrouma
Haresh D. Ramsinghani
(Managing Director & CFO)
(DIN - 00035416)
Brij Lal Khanna
(Audit
Committee
Chairman)
|
(DIN
-
00841927)
For
Khandelwal
&
Mehta
LLP,
Chartered
Accountants
Firm
Registration
Number:
W100084
Sunil Khandelwal
Partner
Membership Number: 101388
Place : Mumbai
Date : 27-05-2025
Khandelwal & Mehta LLP
Chartered
Accountants
(LLP
No.AAE-3742)
INDEPENDENT
AUDITOR’S
REPORT
ON
AUDIT
OF
CONSOLIDATED
ANNUAL
FINANCIAL
RESULTS
AND
CONSOLIDATED
REVIEW
OF
FINANCIAL
RESULTS
To
The Board of Directors of
Rama
Petrochemicals
Limited
Qualified Opinion and Conclusion
We
have
audited
the
accompanying
Statement
of
Consolidated
Financial
Results
of
Rama
Petrochemicals
Limited
(the
“Holding
Company’)
and
its
subsidiary
(the
Company
and
its
subsidiary
together
referred
to
as
the
“Group’)
for
the
quarter
and
year
ended
March
31,
2025
(‘the
Statement’),
being
submitted
by
the
Company
pursuant
to
the
requirements
of
Regulation
33
of
the
SEBI
(Listing
Obligations
and
Disclosure
Requirements)
Regulations,
2015,
as
amended
("the
Listing
Regulations’)
Qualified
Opinion
on
Consolidated
Annual
Financial
Results
Except
to
the
possible
effects
of
matters
prescribed
in
the
“Basis
for
Qualified
Opinion
on
Consolidated
Audited
Financial
Statements
for
the
year
ended
March
31,
2025
and
Conclusion
on
the
Consolidated
Financial
Results
for
the
quarter
ended
March
31,
2025”
paragraph
below,
in
our
opinion
and
to
the
best
of
our
information
and
according
to
the
explanations
given
to
us
the
Consolidated
Financial
Results
for
the
quarter
and
year
ended
March
31,
2025:
(i)
includes
the
results
of
subsidiary,
Rama
Capital
and
Fiscal
Services
Private
Limited.
(ii)
is
presented
in
accordance
with
the
requirements
of
Regulation
33
of
the
SEBI
(Listing
Obligations
and
Disclosure
Requirements)
Regulations,
2015,
as
amended;
and
(iii)
gives
a
true
and
fair
view
in
conformity
with
the
recognition
and
measurement
principles
laid
down
in
the
Indian
Accounting
Standards
and
other
accounting
principles
generally
accepted
in
India
of
the
consolidated
Net
Loss
and
consolidated
Total
Comprehensive
loss
and
other
financial
information
of
the
group
for
the
quarter
and
year
ended
March
31,
2025.
401,
Sheetal
Enclave,
B/H.
Tangent
Furniture
Mall,
Chincholi
Bunder,
Off.
Link
Road,
Malad
(W),
Mumbai
64.
:
contact@khandelwalandmehta.com
S.L.
Khandelwal
-
9821245353
@
N.S.
Khandelwal
-
9870553531
GSTIN
:
27AAPFK6261N1ZL
Khandelwal & Mehta LLP
Chartered Accountants
Qualified
Conclusion
on
Consolidated
Financial
Results
for
the
quarter
and
year
ended
March
31,
2025
With
respect
to
the
Consolidated
Financial
Results
for
the
quarter
and
year
ended
March
31,
2025,
based
on
our
review
conducted
and
procedures
performed
as
stated
in
Auditor's
Responsibilities
section
below,
except
to
the
possible
effects
of
matters
prescribed
in
the
“Basis
for
Qualified
Opinion
on
Consolidated
Audited
Financial
Statements
for
the
year
ended
March
31,
2025
and
Conclusion
on
the
Consolidated
Financial
Results
for
the
quarter
ended
March
31,
2025”
paragraph
below,
nothing
has
come
to
our
attention
that
causes
us
to
believe
that
the
Consolidated
Financial
Results
for
the
quarter
and
year
ended
March
31,
2025,
prepared
in
accordance
with
the
recognition
and
measurement
principles
laid
down
in
the
Indian
Accounting
Standards
and
other
accounting
principles
generally
accepted
in
India,
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.
Basis
for
Qualified
Opinion
on
Consolidated
Audited
Financial
Statements
for
the
year
ended
March
31,
2025
and
Conclusion
on
the
Consolidated
Financial
Results
for
the
quarter
ended
March
31,
2025.
We
draw
your
attention
that
in
earlier
years,
the
Parent
Company
has
treated
payment
of
Rs.
185
lakhs
towards
release
of
collateral
securities,
as
‘Other
Financial
Assets’
which
the
company
intends
to
adjust
after
release
of
collateral
securities
by
all
the
security
holders.
This
being
not
in
accordance
with
generally
accepted
accounting
principles.
Retained
Earnings
and
Current
Assets
are
higher
as
on
31s!
March,
2025
by
Rs
185
lakhs.
Our
opinion
is
modified
in
respect
of
above-mentioned
matters.
We
conducted
our
audit
in
accordance
with
the
Standards
on
Auditing
(SAs)
specified
under
section
143(10)
of
the
Companies
Act,
2013,
as
amended
("the
Act").
Our
responsibilities
under
those
Standards
are
further
described
in
the
"Auditor's
Responsibilities
for
the
Audit
of
the
Standalone
Financial
Results"
section
of
our
report.
We
are
independent
of
the
Group
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
statements
under
the
provisions
of
the
Act
and
the
Rules
thereunder,
and
we
have
fulfilled
our
other
ethical
responsibilities
in
accordance
with
these
requirements
and
the
ICAI’s
Code
of
Ethics.
We
believe
that
the
audit
evidence
obtained
by
us
is
sufficient
and
appropriate
to
provide
a
basis
for
our
opinion.
Page 2 of 5
Khandelwal & Mehta LLP
Chartered Accountants
Management’s
Responsibilities
for
the
Standalone
Financial
Results
The
Statement
has
been
prepared
on
the
basis
of
the
Consolidated
Annual
Financial
Statements.
The
Holding
Company's
Board
of
Directors
are
responsible
for
the
preparation
and
presentation
of
the
Statement
that
give
a
true
and
fair
view
of
the
net
loss
and
other
comprehensive
loss
and
other
financial
information
of
the
Group
in
accordance
with
the
applicable
accounting
standards
prescribed
under
section
133
of
the
Act
and
other
accounting
principles
generally
accepted
in
India
and
in
compliance
with
Regulation
33
of
the
Listing
Regulations.
The
respective
Board
of
Directors
of
the
companies
included
in
the
Group
are
responsible
for
maintenance
of
adequate
accounting
records
in
accordance
with
the
provisions
of
the
Act
for
safeguarding
of
the
assets
of
their
respective
companies
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
the
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
Statement
that
give
a
true
and
fair
view
and
are
free
from
material
misstatement,
whether
due
to
fraud
or
error,
which
have
been
used
for
the
purpose
of
preparation
of
the
Statement
by
the
Directors
of
the
Holding
Company,
as
aforesaid.
In
preparing
the
Statement,
the
respective
Board
of
Directors
of
the
companies
included
in
the
Group
are
responsible
for
assessing
the
ability
of
their
respective
companies
to
continue
as
a
going
concern,
disclosing,
as
applicable,
matters
related
to
going
concern
and
using
the
going
concern
basis
of
accounting
unless
the
respective
Board
of
Directors
either
intends
to
liquidate
the
Group
or
to
cease
operations,
or
has
no
realistic
alternative
but
to
do
so.
The
respective
Board
of
Directors
of
the
Group
are
responsible
for
overseeing
the
financial
reporting
process
of their
respective
companies.
Auditor's
Responsibilities
for
the
Audit
of
the
Consolidated
Financial
Results
Our
objectives
are
to
obtain
reasonable
assurance
about
whether
the
Statement
as
a
whole
is
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
the
Statement.
As
part
of
an
audit
in
accordance
with
SAs,
we
exercise
professional
judgment
and
maintain
professional
skepticism
throughout
the
audit.
We
also:
Page 3 of 5
Khandelwal & Mehta LLP
Chartered Accountants
Identify
and
assess
the
risks
of
material
misstatement
of
the
Consolidated
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.
Under
Section
143
(3)
(i)
of
the
Act,
we
are
also
responsible
for
expressing
our
opinion
on
whether
the
Company
has
adequate
internal
financial
controls
with
reference
to
consolidated
financial
statements
in
place
and
the
operating
effectiveness
of
such
controls.
Evaluate
the
appropriateness
of
accounting
policies
used
and
the
reasonableness
of
accounting
estimates
made
by
the
Board
of
Directors.
Evaluate
the
appropriateness
and
reasonableness
of
disclosures
made
by
the
Board
of
Directors
in
terms
of
the
requirements
specified
under
Regulation
33
of
the
Listing
Regulations.
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
the
ability
of
the
Group
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
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
Group
to
cease
to
continue
as
a
going
concern.
Evaluate
the
overall
presentation,
structure
and
content
of
the
Annual
Consolidated
Financial
Results,
including
the
disclosures,
and
whether
the
statement
represent
the
underlying
transactions
and
events
in
a
manner
that
achieves
fair
presentation.
Perform
procedures
in
accordance
with
the
circular
issued
by
the
SEBI
under
Regulation
33(8)
of
the
Listing
Regulations
to
the
extent
applicable
Obtain
sufficient
appropriate
audit
evidence
regarding
the
Financial
Results/
Financial
Information
of
the,
entities
within
the
Company
and
its
subsidiary
and
to
express
an
opinion
on
the
Annual
Consolidated
Financial
Results.
We
are
responsible
for
the
direction,
supervision
and
performance
of
the
audit
of
financial
information
of
such
entities
included
in
the
Annual
Consolidated
Financial
Results
of
which
we
are
the
independent
auditors.
Page 4 of 5
Khandelwal & Mehta LLP
Chartered Accountants
Materiality
is
the
magnitude
of
misstatements
in
the
Annual
Consolidated
Financial
Results
that,
individually
or
in
aggregate,
makes
it
probable
that
the
economic
decisions
of
a
reasonably
knowledgeable
user
of
the
Annual
Consolidated
Financial
Results
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
Annual
Consolidated
Financial
Results.
We
communicate
with
those
charged
with
governance
of
the
Company
and
other
such
entities
included
in
the
Annual
Consolidated
Financial
Results
of
which
we
are
the
independent
auditors
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
issued
by
SEBI
under
Regulation
33(8)
of
the
Listing
Regulations,
to
the
extent
applicable
Other Matters
The
Statement
includes
the
consolidated
results
for
the
quarter
ended
March
31,
2025
being
the
balancing
figures
between
the
audited
figures
in
respect
of
the
full
financial
year
ended
March
31,
2025
and
the
published
unaudited
year-to-date
figures
up
to
the
end
of
the
third
quarter
of
the
current
financial
year,
which
were
subjected
to
a
limited
review
by
us,
as
required
under
the
Listing
Regulations.
For Khandelwal & Mehta LLP
Chartered Accountants
Firm Regn. No. W100084
SUNIL :
LAKHMICHAN &
D
KHANDELWAL:
Sunil Khandelwal
(Partner)
M. No.: 101388
Place: Mumbai.
Date: 27-05-2025
UDIN: 25101388BMNVNQ8632
Page 5 of 5
Gama
Rama QPotrcchomieals Dimited
MSME
REGN
NO.
:
UDYAM-MH-27-0000324
CIN : L23200MH1985PLC035187
REGD. OFFICE :
SAVROLI KHARPADA ROAD,
VILLAGE
VASHIVALI,
P.O.
PATALGANGA,
TALUKA
KHALAPUR,
E-MAIL:
DISTRICT
RAIGAD
-
410
220.
MAHARASHTRA
WEB
ANNEXURE |
TEL : 02192 250329
02192 251211
rama @ramagroup.co.in
: www.ramapetrochemicals.com
Statement
on
Impact
of
Audit
Qualifications
(for
audit
report
with
modified
opinion)
submitted
along-with
Annual
Audited
Financial
Results
-
(Consolidated)
Statement
on
Impact
of
Audit
Qualifications
for
the
Financial
Year
ended
March
31,
202
[See
Regulation
33
/
52
of
the
SEBI
(LODR)
(Amendment)
Regulations,
2016]
__[Rs. In Lakhs]
Audited
Figures
Adjusted
Figures
I
re
Particulars
(as
reported
(audited
figures
oO
before
adjusting
after
adjusting
for
for
qualifications)
qualifications)
1.
|
Turnover
/
Total
income
9.32
9.32
2.
|
Total
Expenditure
692.27
692.27
3.
|
Net
Profit/(Loss)
(686.96)
(686.96)
4.
|
Earnings
Per
Share
(
in
Rs)
(6.55)
(6.55)
5.
|
Total
Assets
978.06
793.06
6.
|
Total
Liabilities
6911.58
6911.58
7.
|
Net
Worth
(5933.52)
(6118.52)
8.
|
Any
other
financial
item(s)
(as
felt
appropriate
-
-
by the management)
il. 1. Audit Qualification (each audit qualification separately) :
a. Details of Audit Qualification : We draw your attention that in earlier years, the Parent
Company has treated payment of Rs. 185 lakhs towards release of collateral securities, as
‘Other Financial Assets’ which the company intends to adjust after release of collateral
securities by all the security holders. This being not in accordance with generally accepted
accounting principles. Retained Earnings and Current Assets are higher as on 31st March, 2025
by Rs. 185 lakhs
b.
Type
of
Audit
Qualification
:
Qualified
Opinion
/
Disclaimerof
Opinion
Ad
aa5
c. Frequency of qualification : Appeared firsttime / repetitive / since how long continuing
Since 2021-2022
d. For Audit Qualification(s) where the impact is quantified by the auditor, Management's
Views : The Management has treated the payment as “Other Financial Assets” in the interim
period pending the release of collateral security by all the security holders and same shall be
adjusted in due course after the collateral securities are released by all the security holders.
A
\ 2. f
CORPORATE OFFICE : 51-52, FREE PRESS HOUSE, FREE, PRESS JOURNAL MARG, NARIMAN POINT, MUMBAI - 400 021.
TEL : (91-22) 2283 3355 /6154 5100 | FAX: (91-22) 2204 9946 -MAIL rama @ramagroup.co.in | WEB. : www.ramapetrochemicals.com
e.
For
Audit
Qualification(s)
where
the
impact
is
not
quantified
by
the
auditor
:
(i)
Management's
estimation
on
the
impact
of
audit
qualification
:
Not Applicable
(il)
If
management
is
unable
to
estimate
the
impact,
reasons
for
the
same
:
Not
Applicable
(iii)
Auditors'
Comments
on
(i)
or
(ii)
above
No Comments
For
Rama
Petrochemicals
Limited
Ww
Haresh D. Ramsinghani
(Managing Director & CFO)
(DIN - 00035416)
For Khandelwal & Mehta LLP,
Chartered Accountants
Firm Registration Number: W100084
Sunil Khandelwal
Partner
Membership Number: 101388
: Mumbai
27-05-2025
Place
Date
(
ROicvonwmy,
Brij Lal Khanna
Audit Committee Chairman)
(DIN - 00841927)