Sundram Fasteners Limited — Others, 07-06-2025: Copy of Newspaper Publication

Indian Overseas Bank’s audit report confirms that its standalone financial statements fairly represent its financial position and performance. The audit focused on non-performing asset classification, IT controls, investment valuation, and contingent liabilities from litigations. It found effective internal controls, accurate data, and reasonable management estimates, with no audit qualifications. The bank recognized deferred tax assets of ₹3864 Cr with reversals of ₹1160 Cr based on management judgment. This reinforces the bank’s strong compliance and risk management, enhancing transparency and confidence for investors.