Amal Ltd | Annual Report 2022-23 or in the aggregate) have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person or entity, including foreign entities (intermediaries), with the understanding, whether recorded in writing or otherwise, that the intermediary shall, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (ultimate beneficiaries) or provide any guarantee, security or the like on behalf of the ultimate beneficiaries. b) The Management has represented, that, to the best of its knowledge and belief, no funds have been received by the Company f rom any pe r son o r entity, including foreign entities (funding parties), with the understanding, whether recorded in wr i t ing or otherwise, that the Company shall, directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (ultimate beneficiaries) or provide any guarantee, security or the like on behalf of the ultimate beneficiaries. c) Based on t he aud i t procedures that has been considered reasonable and appropriate in the circumstances, nothing has come toour notice that has caused us to believe that the representations under Sub-c lause ( i ) and (ii) of Rule 11(e), as provided under (a) and (b) above, contain any material misstatement. v. The Company has not declared or paid any dividend during the year and has not proposed final dividend for the year. vi. Proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 for maintaining books of account using accounting software which has a feature of recording audit trai l (edit log) facility is applicable to the Company effective Apri l 01, 2023, and accordingly, reporting under Rule 11(g) of Companies (Audit and Auditors) Rules, 2014 is not applicable for the financial year ended March 31, 2023. 15. As required by the Companies (Auditor’s Report) Order, 2020 (the Order) issued by the Central Government in termsof Section143(11) of theAct, wegive inAnnexureB, astatement on thematters specified in paragraphs 3 and 4 of the Order. For Deloitte Haskins & Sells LLP Chartered Accountants Firm registration number: 117366W | W-100018 Ketan Vora Partner Mumbai Membership number: 100459 April 20, 2023 UDIN: 23100459BGXJGC2114
RkJQdWJsaXNoZXIy MjA2MDI2