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15 views1 page

E2

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researchintensify11
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deeds of immovable freehold properties are held in the name of the Company.

However, we have
not been provided complete title deed of immovable property situated at Derabassi (Punjab)
location. d) According to the information given to us the Company has not revalued its property
plant, and equipment during the year e) According to the information and explanation given to us,
no proceedings have been initiated or are pending against the company for holding any Benami
property under the benami Transactions (prohibition) Act 1988. ii) a) According to the information,
explanation and representation provided by the management, physical verification of inventory has
been conducted at reasonable intervals by the management. But, in our opinion the coverage and
procedure of such verification by the management is not appropriate. Further, according to
information and explanation given to us no material discrepancy was noticed in such verification by
management. b) According to the information, explanation and representation provided by the
management, during any point of time of the year, the company has not been sanctioned working
capital limits in excess of five crore rupees, in aggregate, from banks or financial institutions on the
basis of security of current Assets. iii) According to the information, explanation given to us, the
Company has not made investment in, provided any guarantee or security or granted any loans or
advances in the nature of loans, secured or unsecured to companies, firms, limited liability
partnerships or other parties. Accordingly, sub-clause (a),(b),(c),(d),(e) of clause (iii) para 3 of the
order is not applicable to the company. 44 34 th Annual Report 2023-24 WINS

According to the information, explanation and representation provided by the management and
based upon audit procedures performed, the Company has not given any loans, provided any
guarantee or security in connection with any loan and/ or acquiring securities of any other body
corporate. v) As explanation given to us and on the basis of our examination of the records, the
Company has accepted deemed deposits in violation of provisions of section 73 to 76 of companies
act 2013 read with rule 3 of companies (acceptance of deposits) Rules, 2014. The nature of the

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