- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Vandana Knitwear Ltd — Updates, 30-05-2025: Company Update
ATVO Enterprises Limited
(Formely Known as Vandana Knitwear Limited)
CIN No :- L46411RJ1995PLC072122 ; GSTIN : O8AADCTO860H1ZE
Registered Office : Bhandari Plaza,2nd Floor, Opp Nagar Parishad Rajendra Marg
Bhilwara -311001 (Rajasthan)
Contact: 96607-8100 ; E-Mail ID:- vandanaknitwearlimited2021@gmail.com
Website: www.vandanaknitwear.com
Date: 30.05.2025
To,
Manager,
Department of Corporate Services,
BSE Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai — 400 001
Scrip ID: VANDANA Script Code: 532090
Sub: - Submission of Secretarial Compliance Report for the year ended March 31, 2025,
under Regulation 24A of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015
Dear Sir,
Pursuant to Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with SEBI's’ read with SEBI Master Circular no.
SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11.11.2024, Please find enclosed the Annual Secretarial
Compliance Report for the financial year ended March 31, 2025, issued by Mr. Suhas
Bhattbhatt of M/s. S Bhattbhatt & Co., Practicing Company Secretaries.
You are requested to kindly take note of the same.
Thanking You,
Yours faithfully,
For ATVO Enterprises Limited
(Formerly known as Vandana Knitwear Limited)
Kirti Agarwal
Company Secretary & Compliance Officer
ICSI Membership No. ACS 56426
Encl. a/a
----------------Page (0) Break----------------
§ Bhatthhatt 4 Co.
Practising Company Secretaries
Regd. Insolvency Professional
Social Auditor
Office Address : 520, Grand K 10, Opp. Honest Restaurant, Nr. Genda Circle, Vadodara - 390007.
Phone No.: 0265-2969504, Mobile : 9824250787 Email : cssuhasb@gmail.com
SECRETARIAL COMPLIANCE REPORT OF
ATVO ENTERPRISES LIMITED (Formerly Known As Vandana Knitwear Limited)
FOR THE FINANCIAL YEAR ENDED 2024-25
I, Suhas Bhattbhatt, Practicing Company Secretary and Proprietor of M/s. S
Bhattbhatt & Co., have examined:
(a) all the documents and records made available to us and the explanation
provided by ATVO Enterprises Limited (Formerly Known as Vandana
Knitwear Limited) (“the listed entity”),
(b) the filings/ submissions made by the listed entity to the stock exchanges,
(c) website of the listed entity,
(d) any other document/ filing, as may be relevant, which has been relied upon
to make this report, for the financial year ended 2024-25 (“Review Period”) in
respect of compliance with the provisions of :
a) the Securities and Exchange Board of India Act, 1992 (“SEBI Act”) and
the Regulations, circulars, guidelines issued thereunder; and
b) the Securities Contracts (Regulation) Act, 1956 (“SCRA”), rules made
thereunder and the Regulations,circulars, guidelines issued thereunder
by the Securities and Exchange Board of India (“SEBI”);
The specific Regulations, whose provisions and the circulars/ guidelines issued
thereunder, have been examined, includes:-
i. Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015;
li. Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) Regulations, 2018; there were no instances pursuant to
these regulations, hence not applicable for the period under review.
iii, Securities and Exchange Board of India (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011;
----------------Page (1) Break----------------
iv.
vi.
vii.
Securities and Exchange Board of India (Buyback of Securities) Regulations,
2018; there were no instances pursuant to these regulations, hence not
applicable for the period under review.
Securities and Exchange Board of India (Share Based Employee Benefits and
Sweat Equity) Regulations, 2021; there were no instances pursuant to
these regulations, hence not applicable for the period under review.
Securities and Exchange Board of India (Issue and Listing of Non-Convertible
Securities) Regulations, 2021; there were no instances pursuant to these
regulations, hence not applicable for the period under review.
Securities and Exchange Board of India (Prohibition of Insider Trading)
Regulations, 2015;
Securities and Exchange Board of India (Depositories and Participants)
Regulations, 2018;
and circulars/ guidelines issued thereunder;
and based on the above examination, We hereby report that, during the Review
Period:
I, (a) The listed entity has complied with the provisions of the above Regulations and
circulars/ guidelines issued thereunder, except in respect of matters specified
below:
----------------Page (2) Break----------------
r
om
pl
ia
nc
e
egu
l |
De
vi
at
io
ns
oem
De
ta
il
s
of
Fine
bs
er
va
ti
on
s/
Ma
na
ge
me
nt
Re
ma
rk
s
o|Requirement
ti
on
aken
lof
Vi
ol
at
io
n
‘A
mo
un
t
|Remarks
of
the
[R
es
po
ns
e
.
\(Regulations/
/|/
Vv
Ac
ti
on
racticing
ir
cu
la
rs
/
irc
ull
mp
an
y
idelines
ec
re
ta
ry
in
cl
ud
in
g
oO.
pecific
clause)
1 |
Re
gu
la
ti
on
47
|
Reg
|
The
The
Th
e
Co
mp
an
y
|
Du
e
to
financial
-
of
SE
BI
|
ula
|
Company
Company
has
not
|
co
ns
tr
ai
nt
s,
the
(L
OD
R)
tio
has
fai
led
ha
s
not
pu
bl
is
he
d
company
has
op
te
d
Re
gu
la
ti
on
s,
n
to
publish
pu
bl
is
he
d
in
fo
rm
at
io
n
for
a
co
st
-c
ut
ti
ng
20
15
47
Newspape
in
fo
rm
at
io
n
in
Ne
ws
pa
pe
r
|
approach
an
d
r
in
as
required
in
|
de
ci
de
d
not
to
Advertise
Ne
ws
pa
pe
r
re
gu
la
ti
on
47
|
publish
the
results
ment
as
as
required
of
SE
BI
|
in
newspapers.
per
in
re
gu
la
ti
on
(L
OD
R)
Ho
we
ve
r,
the
Regulatio
47
of
SE
BI
Regulations
results
can
be
n
47
of
(L
OD
R)
20
15
wit
h
|
accessed
on
the
SE
BI
Re
gu
la
ti
on
s
respect
to
|
Stock
Exchange
(LODR)
20
15
.
Financial
an
d
co
mp
an
y'
s
Re
gu
la
ti
o
Result
an
d
|
we
bs
it
e.
ns,
2015.
Shareholders Meeting.
----------------Page (3) Break----------------
(b)
The
lis
ted
e
nti
ty
has
ta
ke
n
the
f
oll
owi
ng
act
ion
s
to
co
mp
ly
w
i th
the
o
bs
er
va
ti
on
s
ma
de
i
n
previous
rep
ort
s:
iSr
.
mpliance
|Regula|Deviations
|Ac
tio
n
Ty
pe
re
ar
of
Fine
bservations/Re
|/
Ma
na
ge
me
nt
Remarks
INo.|Requirement
_|tion/
Ta
ke
n
jof
io
la
ti
on
[A
mo
un
|m
ar
ks
of
the
Re
sp
on
se
Re
gu
la
ti
on
s/
ig
lby
Action
It
acticing
ir
cu
la
rs
/
No
.
mp
an
y
ide
-
lines
cretary
cl
ud
in
g
pe
ci
fi
c
clause)
1
Regulation
47
|
Re
gu
|
The
-
-
The
Nil
The
Company
|
Due
to
|
Th
e
of
SEBI
|
lat
io
|
Company
Company
ha
s
not
|
financial
Ma
na
ge
me
nt
of
(LODR)
n47
|
has
fai
led
ha
s
not
published
co
ns
tr
ai
nt
s,
the
company
Regulations,
to
pu
bl
is
h
pu
bl
is
he
d
in
fo
rm
at
io
n
in
|
the
co
mp
an
y
|
ha
ve
decided
to
2015
Newspape
in
fo
rm
at
io
Newspaper
as
|
has
opted
for
a
pu
bl
is
h
r
n
in
required
in
|
co
st
-c
ut
ti
ng
Financial
Advertise
Ne
ws
pa
pe
r
re
gu
la
ti
on
47
of
ap
pr
oa
ch
and
|
Re
su
lt
and
me
nt
as
as
re
qu
ir
ed
SEBI
(LODR)
|
de
ci
de
d
not
to
Not
ice
o
f
per
in
Re
gu
la
ti
on
s
publish
the
|
Members
for
Re
gu
la
ti
o
re
gu
la
ti
on
2015
with
|
results
in
|
upcoming
n
47
of
47
of
SEBI
respect
to
|
newspapers.
Period.
SEBI
(L
OD
R)
Fi
na
nc
ia
l
Re
su
lt
|
However,
the
----------------Page (4) Break----------------
(LODR)
Regulation
and
results
can
be
Regulatio
s 2015.
Shareholders
accessed
on
ns,
20
15
.
Mee
tin
g.
th
e
Stock
Ex
ch
an
ge
and
company's we
bs
it
e.
Regulation
Re
gu
|
The
The
Nil
Th
e
St
at
ut
or
y
|
The
Peer
|
Statutory
33(1)(d)
of
|
latio
|
St
at
ut
or
y
Statutory
au
di
to
rs
of
the
|
Review
Au
di
to
rs
has
SE
BI
(LODR)
|
n
Au
di
to
r
is
au
di
to
rs
of
company
is
not
Cer
tif
ica
te
of
|
re
si
gn
ed
du
e
to
Regulations,
33(
1)
|
not
the
ho
ld
in
g
peer
|
St
at
ut
or
y
val
idi
ty
of
their
2015
(d)
holding
company
is
review
Auditor
ex
pi
re
d
|
peer
review
Peer
not
ho
ld
in
g
Certificate
and
it
is
yet
to
|
cer
tif
ica
te
has
re
vi
ew
a
peer
is
su
ed
by
the
|
be
renewed
by
|
lapsed,
an
d
Ce
rt
if
ic
at
e
review
Peer
re
vi
ew
|
the
St
at
ut
or
y
re
ne
wa
l
is
Certificate
Board
of
the
|
Auditor.
The
un
de
r
pro
ces
s.
is
su
ed
by
Institute
of
|
Au
di
to
r
applied
|
Th
e
Co
mp
an
y
th
e
Peer
Chartered
for
Peer
Review
|
has
appointed
review
Ac
co
un
ta
nt
s
of
|
Certificate.
M/
s.
Naresh
Bo
ar
d
of
India.
However,
it
is
|
Ma
he
sh
wa
ri
&
the
pe
nd
in
g
for
|
Co.
,
Ch
ar
te
re
d
Ins
tit
ute
of
approval.
Ac
co
un
ta
nt
s
Ch
ar
te
re
d
(Fi
rm
Ac
co
un
ta
nt
Re
gi
st
ra
ti
on
----------------Page (5) Break----------------
s of
India.
No.007113C) as
the
Statutory Auditors
of
the
company.
II].
Compliances
related
to
resignation
of
statutory
auditors
from
listed
entities
and
their
material
subsidiaries
as
per
SEBI
Circular
CIR/CFD/CMD1/114/2019
dated
18th
October,
2019:
Pa
rt
ic
ul
ar
s
mpliance tatus es/No/
NA)
\Observations/
Remarks
by
PCS*
jC
om
pl
ia
nc
es
with
the
following
conditions
while
ap
po
in
ti
ng
/r
e-
ap
po
in
ti
ng
an
auditor
ilf
the
auditor
has
resigned
within
45
days
from
the
end
of
a
quarter
of
a
fin
anc
ial
y
ear
,
the
auditor
bef
ore
such
resignation,
has
issued
the
limited
review/
audit
report
for
such
quarter;
or
i.
If
the
auditor
has
resigned
aft
er
45
days
from
the
end
of
a
quarter
of
a
financial
yea
r,
the
auditor
before
such
resignation,
has
issued
the
limited
review/
audit
report
for
such
quarter
as
wel
l
as
the
next
quarter;
or
iii.
If
the
auditor
has
signed
the
l
imi
ted
review/
aud
it
rep
ort
for
NA Yes NA
It
is
to
be
noted
that
M/s.
S.N.
Kabra
and
Company,
Statutory
Auditors
of
the
Company,
resigned
with
effect
from
September
5,
2024. The
resignation
was
given
after
45
days
from
the
end
of
the
preceding
quarter
and
it
is
further
noted
that
the
M/s.
S.N.
Kabra
&
Company
did
not
issue
----------------Page (6) Break----------------
the
fir
st
three
qu
ar
te
rs
of
a
fin
anc
ial
year,
the
auditor
before
su
ch
re
si
gn
at
io
n,
has
is
su
ed
t
he
limited
review/
audit
rep
ort
f
or
the
last
qu
ar
te
r
of
su
ch
fin
anc
ial
y
ear
as
well
as
the
aud
it
report
for
su
ch
fin
anc
ial
year.
the
L
im
it
ed
R
ev
ie
w
Report
for
the
following
qu
ar
te
r
L.e.
,
30.09.2024
as
per
SE
BI
Cir
cul
ar
CIR
/
CF
D/
CM
D1
/
114/2019
dated
18t
h
Oct
obe
r,
2019.
2.
jOther
co
nd
it
io
ns
r
el
at
in
g
to
resignation
of
statutory
auditor
i.
Re
po
rt
in
g
of
co
nc
er
ns
by
Au
di
to
r
with
re
sp
ec
t
to
the
lis
ted
entity/its
ma
te
ri
al
subsidiary
to
the
Audit
Co
mm
it
te
e:
a.
In
cas
e
of
an
y
concern
wit
h
the
ma
na
ge
me
nt
of
the
listed
entity/material
subsidiary
su
ch
=
as
non-availability
of
information/non-
co
op
er
at
io
n
by
the
management
wh
ic
h
has
ha
mp
er
ed
the
audit
process,
the
au
di
to
r
ha
s
ap
pr
oa
ch
ed
the
Ch
ai
rm
an
of
the
Audit
Committee
of
the
listed
entity
and
the
A
ud
it
Committee
sha
ll
receive
su
ch
co
nc
er
n
directly
and
im
me
di
at
el
y
wi
th
ou
t
specifically
wa
it
in
g
for
the
qu
ar
te
rl
y
Audit
Co
mm
it
te
e
meetings. b.
Incase
the
auditor
pr
op
os
es
to
res
ign
,al
l
co
nc
er
ns
w
ith
respect
to
the
pr
op
os
ed
re
si
gn
at
io
n,
al
on
g
wit
h
relevant
do
cu
me
nt
s
has
be
en
brought
to
the
not
ice
of
the
A
ud
it
Committee.
In
ca
se
s
where
the
pr
op
os
ed
re
si
gn
at
io
n
is
due
to
no
n-
re
ce
ip
t
of
in
fo
rm
at
io
n
/
Not
Applicable
It
is
to
be
not
ed
tha
t
M/
s.
S.N
.
Ka
br
a
and
Company,
Statutory
Auditors
of
the
Co
mp
an
y,
re
si
gn
ed
wit
h
eff
ect
fr
om
Se
pt
em
be
r
5,
20
24
because
the
validity
of
their
pe
er
review
certificate
has
la
ps
ed
an
d
as
suc
h,
the
renewal
is
stil
l
un
de
r
process,
an
d
it
ma
y
take
an
uncertain
ti
me
fr
am
e.
----------------Page (7) Break----------------
explanation
from
the
c
om
pa
ny
,
the
auditor
has
informed
the
Audit
Co
mm
it
te
e
the
det
ail
s
of
information/
explanation
sought
and
not
provided
by
themanagement,
as
applicable.
Not
Applicable
c.
The
Audit
Co
mm
it
te
e
/
Board
of
Directors,
as
the
case
ma
y
be,
deliberated
on
the
matter
on
receipt
of
such
information
from
the
auditor
relating
to
the
proposal
to
resign
as
me
nt
io
ne
d
above
and
communicate
its
views
to
the
management
and
the
a
udi
tor
.
ii.
Disclaimer
in
cas
e
of
non-receipt
of
information:
he
auditor
has
provided
an
appropriate
disclaimer
in
its
aud
it
rep
ort
,
wh
ic
h
is
in
ac
co
rd
an
ce
wi
th
th
e
St
an
da
rd
s
of
Auditing
as
spe
cif
ied
by
ICA
I
/
NF
RA
,
in
cas
e
wh
er
e
the
lis
ted
ent
ity
/
its
material
subsidiary
has
not
provided
information
asrequired
by
the
auditor.
3.
The
listed
entity
/
its
material
subsidiary
has
obtained
information|
Resignation
of
statutory
from
the
Auditor
upon
resignation,
in
the
format
as
specified
in
Yes
auditors
in
the
format
as
AAnnexure-
A
in
SEBI
Circular
CIR/
CFD/CMD1/114/2019
dated
18th
specified
in
Annexure-
A
in
SEBI
October,
2019.
Circular
CIR/
CFD/CMD1/114/2019
dated
18th
October,
2019
of
the
listed
entity.
*Observations/
Re
ma
rk
s
by
PCS
are
m
an
da
to
ry
if
the
C
om
pl
ia
nc
e
status
is
provided
as
‘No
’
or
‘NA
’
----------------Page (8) Break----------------
Ill.
We
he
re
by
report
tha
t,
du
ri
ng
the
R
ev
ie
w
Per
iod
t
he
co
mp
li
an
ce
status
of
the
l
ist
ed
entity
is
ap
pe
nd
ed
as
below:
are
ac
cu
ra
te
and
specific
which
re-directs
to
the
rel
eva
nt
do
cu
me
nt
(s
)/
se
ct
io
n
of
the
website.
Sr
.
Particulars
Compliance|
Ob
se
rv
at
io
ns
/
No.
a
St
at
us
Re
ma
rk
s
by
(Y
es
/N
o/
NA
)
PCS*
Se
cr
et
ar
ia
l
St
an
da
rd
s:
1.
|
The
co
mp
li
an
ce
s
of
the
listed
entity
are
in
ac
co
rd
an
ce
with
the
applicable
Sec
ret
ari
al
Yes
Complied
St
an
da
rd
s
(SS
)
issuedby
the
I
nst
itu
te
of
Co
mp
an
y
Se
cr
et
ar
ie
s
Ind
ia
(IC
SI)
.
Ad
op
ti
on
an
d
timely
updation
of
the
Policies:
2.
|e
All
ap
pl
ic
ab
le
policies
under
SE
BI
Re
gu
la
ti
on
s
are
adopted
wit
h
the
approval
of
board
Yes
Complied
of
directors
of
the
listed
ent
iti
es.
e
All
the
policies
are
in
co
nf
or
mi
ty
wit
h
SE
BI
Re
gu
la
ti
on
s
and
ha
ve
be
en
re
vi
ew
ed
&
Yes
up
da
te
d
on
tim
e,
as
per
t
he
re
gu
la
ti
on
s/
ci
rc
ul
ar
s/
gu
id
el
in
es
is
su
ed
by
SE
BI
.
Ma
in
te
na
nc
e
an
d
disclosures
on
Website:
3.
|
e
Th
e
Lis
ted
entity
is
ma
in
ta
in
in
g
a
functional
website
Yes
Complied
e
Ti
me
ly
dissemination
of
the
d
oc
um
en
ts
/
in
fo
rm
at
io
n
under
a
separate
sec
tio
n
on
the
Yes
web
sit
e.
e
Web-links
pr
ov
id
ed
in
annual
co
rp
or
at
e
go
ve
rn
an
ce
reports
under
Re
gu
la
ti
on
27(2)
Yes
----------------Page (9) Break----------------
Di
sq
ua
li
fi
ca
ti
on
of
Director:
None
of
the
4.
|
None
of
the
Director(s)
of
the
Company
is/
are
disqualified
un
de
r
Se
ct
io
n
164
of
Co
mp
an
ie
s
Yes
Directors
are
Act,
20
13
as
co
nf
ir
me
d
by
the
listed
entity.
di
sq
ua
li
fi
ed
du
ri
ng
the
yea
r.
Details
related
to
Su
bs
id
ia
ri
es
of
listed
en
ti
ti
es
h
av
eb
ee
n
ex
am
in
ed
w.r.t.:
5.
(a)
Ide
nti
fic
ati
on
of
material
su
bs
id
ia
ry
c
om
pa
ni
es
Listed
Entity
(b)
Di
sc
lo
su
re
requirement
of
ma
te
ri
al
as
well
as
oth
er
su
bs
id
ia
ri
es
.
Not
do
es
n
ot
have
Ap
pl
ic
ab
le
|
any
s
ub
si
di
ar
y.
Pr
es
er
va
ti
on
of
Documents:
6.
|
The
listed
ent
ity
is
pr
es
er
vi
ng
and
maintaining
records
as
pr
es
cr
ib
ed
under
SE
BI
Yes
Co
mp
li
ed
Re
gu
la
ti
on
s
and
di
sp
os
al
o
f
records
as
per
P
oli
cy
of
Pr
es
er
va
ti
on
o
f
Do
cu
me
nt
sa
nd
Ar
ch
iv
al
policy
pr
es
cr
ib
ed
under
SE
BI
LO
DR
Regulations,
2015.
Pe
rf
or
ma
nc
e
Evaluation:
7.
|
Th
e
lis
ted
e
nti
ty
has
c
on
du
ct
ed
pe
rf
or
ma
nc
e
evaluation
of
the
Board,
In
de
pe
nd
en
t
Dir
ect
ors
|
Yes
Co
mp
li
ed
and
the
Committees
at
the
start
of
every
financial
year/during
the
financial
year
as
pr
es
cr
ib
ed
in
SE
BI
Regulations.
8.
|
Related
Pa
rt
y
Tr
an
sa
ct
io
ns
:
Co
mp
li
ed
(a)
The
lis
ted
entity
has
obtained
prior
ap
pr
ov
al
of
Au
di
t
Co
mm
it
te
e
for
all
rel
ate
d
par
ty
Yes
tr
an
sa
ct
io
ns
;
or
(b)
The
lis
ted
ent
ity
has
provided
detailed
re
as
on
s
al
on
g
with
co
nf
ir
ma
ti
on
wh
et
he
r
the
Not
tr
an
sa
ct
io
ns
were
su
bs
eq
ue
nt
ly
ap
pr
ov
ed
/r
at
if
ie
d/
re
je
ct
ed
by
the
Audit
Co
mm
it
te
e,
in|
Ap
pl
ic
ab
le
case
no
pri
or
ap
pr
ov
al
h
as
been
obtained.
----------------Page (10) Break----------------
Disclosure
of
events
or
in
fo
rm
at
io
n:
9.
|
The
lis
ted
entity
has
provided
all
the
r
eq
ui
re
d
disclosure(s)
under
Re
gu
la
ti
on
30
al
on
g
wit
h|
Yes
Co
mp
li
ed
Sc
he
du
le
III
of
SE
BI
LO
DR
Regulations,
20
15
w
ith
in
the
time
lim
its
prescribed
thereunder.
Prohibition
of
Insider
Tr
ad
in
g:
10.
|
The
lis
ted
entity
is
in
co
mp
li
an
ce
with
Re
gu
la
ti
on
3(5
)
&
3(6
)
SE
BI
(Pr
ohi
bit
ion
of
Insider
Yes
Co
mp
li
ed
Tr
ad
in
g)
R
eg
ul
at
io
ns
,
20
15
.
ho
we
ve
r,
the
re
were
instances
of|
delayed
ent
rie
s
in
the
d
es
ig
na
te
d
software
du
e
to
te
ch
ni
ca
l
iss
ues
Ac
ti
on
s
taken
by
SE
BI
o
r
St
oc
k
Ex
ch
an
ge
(s
),
if
any
:
11.|
No
act
ion
(s)
has
be
en
taken
ag
ai
ns
t
the
lis
ted
ent
ity
/
its
pr
om
ot
er
s
/
dir
ect
ors
/
subsidiaries
eit
her
by
SE
BI
or
by
St
oc
k
Ex
ch
an
ge
s
(i
nc
lu
di
ng
under
the
St
an
da
rd
ih
Operating
Procedures
is
su
ed
by
SE
BI
through
various
cir
cul
ars
)
under
SE
BI
Re
gu
la
ti
on
s
and
cir
cul
ars
/
gu
id
el
in
es
issued
thereunder
except
as
pr
ov
id
ed
un
de
r
separate
paragraph)
he
re
in
(
**).
12.
|
Ad
di
ti
on
al
N
on
-c
om
pl
ia
nc
es
,
if
any:
NA
Ass
um
pt
io
ns
&
Li
mi
ta
ti
on
o
f
scope
and
Re
vi
ew
:
1.
Compliance
of
the
ap
pl
ic
ab
le
law
s
an
d
ensuring
the
authenticity
of
documents
and
information
fu
rn
is
he
d,
are
the
res
pon
sib
ili
tie
s
of
the
management
of
the
lis
ted
entity.
----------------Page (11) Break----------------
2.
Ou
r
responsibility
is
to
certify
ba
se
d
upon
our
examination
of
relevant
documents
and
information.
Thi
s
is
neither
an
audit
nor
a
n
ex
pr
es
si
on
of
opinion.
3.
We
h
av
e
not
ver
ifi
ed
the
c
or
re
ct
ne
ss
a
nd
a
pp
ro
pr
ia
te
ne
ss
o
f f
ina
nci
al
Re
co
rd
s
and
Books
of
Ac
co
un
ts
o
f t
he
lis
ted
entity.
4.
Thi
s
Re
po
rt
i
s
sol
ely
f
or
the
intended
pu
rp
os
e
of
compliance
in
te
rm
s
of
Regulation
24A
(2)
of
the
SEBI
(Listing
Ob
li
ga
ti
on
s
and
Di
sc
lo
su
re
Requirements)
Regulations,
20
15
an
d
is
neither
an
assurance
as
to
the
f
utu
re
via
bil
ity
of
the
listed
entity
nor
of
the
eff
ica
cy
or
effectiveness
with
wh
ic
h
the
ma
na
ge
me
nt
has
co
nd
uc
te
d
the
a
ffa
irs
o
f
the
l
ist
ed
ent
ity
.
Fo
r
S
Bhattbhatt
&
Proprietor A.C.S.:
11975
C.P.:
10427
Peer
Re
vi
ew
No:
1660/2022
UD
IN
:
A0
11
9'
75
G0
00
41
28
04
Date:
20.05.2025
Place:
Vadodara
----------------Page (12) Break----------------