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JK Lakshmi Cement Ltd.

BSE: 500380 Sector: Industrials
NSE: JKLAKSHMI ISIN Code: INE786A01032
BSE 00:00 | 24 Apr 2020 JK Lakshmi Cement Ltd
NSE 05:30 | 01 Jan 1970 JK Lakshmi Cement Ltd

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OPEN 204.10
PREVIOUS CLOSE 204.10
VOLUME 7191
52-Week high 396.20
52-Week low 179.80
P/E 11.70
Mkt Cap.(Rs cr) 2,311
Buy Price 194.60
Buy Qty 24.00
Sell Price 199.00
Sell Qty 40.00
OPEN 204.10
CLOSE 204.10
VOLUME 7191
52-Week high 396.20
52-Week low 179.80
P/E 11.70
Mkt Cap.(Rs cr) 2,311
Buy Price 194.60
Buy Qty 24.00
Sell Price 199.00
Sell Qty 40.00

JK Lakshmi Cement Ltd. (JKLAKSHMI) - Auditors Report


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Company auditors report

TO THE MEMBERS OF JK LAKSHMI CEMENT LIMITED

Report on the Audit of the Standalone Financial Statements Opinion

We have audited the accompanying standalone financial statements of JK Lakshmi CementLimited (“the Company”) which comprise the Balance Sheet as at March 31 2019the Statement of Profit and Loss (including Other Comprehensive Income) the Statement ofChanges in Equity and the Statement of Cash Flows for the year ended on that date and asummary of the significant accounting policies and other explanatory information(hereinafter referred to as “the standalone financial statements”).

In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid standalone financial statements give the information requiredby the Companies Act 2013 (“the Act”) in the manner so required and give a trueand fair view in conformity with the Indian Accounting Standards (“Ind AS”)prescribed under section 133 of the Act read with the Companies (Indian AccountingStandards) Rules 2015 as amended and other accounting principles generally accepted inIndia of the state of affairs of the Company as at March 31 2019 its profit and totalcomprehensive income changes in equity and its cash flows for the year ended on thatdate.

Basis for Opinion

We conducted our audit of the standalone financial statements in accordance with theStandards on Auditing specified under section 143(10) of the Act (SAs). Ourresponsibilities under those Standards are further described in the Auditor'sResponsibilities for the Audit of the Standalone Financial Statements section of ourreport. We are independent of the Company in accordance with the Code of Ethics issued bythe Institute of Chartered Accountants of India (ICAI) together with the independencerequirements that are relevant to our audit of the standalone financial statements underthe provisions of the Act and the Rules made thereunder and we have fulfilled our otherethical responsibilities in accordance with these requirements and the ICAI's Code ofEthics. We believe that the audit evidence we have obtained is sufficient and appropriateto provide a basis for our audit opinion on the standalone financial statements.

Key Audit Matters

Key audit matters are those matters that in our professional judgment were of mostsignificance in our audit of the standalone financial statements of the current period.These matters were addressed in the context of our audit of the standalone financialstatements as a whole and in forming our opinion thereon and we do not provide aseparate opinion on these matters. We have determined the matters described below to bethe key audit matters to be communicated in our report.

. Key Audit Matter Auditor's Response
1. Recognition of Revenue measurement presentation and disclosure as per Ind AS-115 “Revenue from Contracts with Customers”. (Refer Sub-note No 13 of Note 1 of Accounting Policy). Our procedures included but were not limited to the following: We performed walkthroughs to understand the key processes and identify key controls related Ind AS 115 “Revenue from Contracts with Customers”. On a sample basis we performed testing to verify physical deliveries of product in the year to ascertain transfer of control. We performed revenue cut-off testing by reference to bill dates of sales recorded either side of the financial year end had legally completed; and Selected a sample of sales contracts and read analysed and identified the distinct performance obligations in these contracts. Based on our audit procedures we have concluded that revenue is appropriately recognized and that there was no evidence of management bias.
2. Evaluation of uncertain civil and indirect tax positions and recoverability of amount deposited under protest as recoverable. The Company has material uncertain civil and indirect tax positions including matters under dispute which involves significant judgment to determine the possible outcome of these disputes. The eventual outcome of these litigations is uncertain and the positions taken by the management of the Company are based on the application of significant judgement and estimation. The review of these matters requires application and interpretation of tax laws and reference to applicable judicial pronouncements. Based on management judgement and the advice from legal and indirect tax Consultants and considering the merits of the case the Company has recognized provisions wherever required and for the balance matters where the management expects favorable outcome these litigations have been disclosed as contingent liabilities in the financial statements unless the possibility of out flow of resources is considered to be remote. Given the uncertainty and application of significant judgment in this area in terms of the eventual outcome of litigations we determined this to be a key audit matter. Our procedures included but were not limited to the following: Obtained details of completed tax assessments of earlier years and demands as on March 31 2019 from management of the Company. We have done assessment of the managements underlying assumptions in estimating the tax provision and the possible outcome of the disputes. Based on management estimates and Independent legal opinion taken by Management of the company the liability against these matters are not yet certain hence the same has been shown as contingent liability in the current standalone financial statements. Understanding and evaluating process and controls designed and implemented by the management including testing of relevant controls; Gaining an understanding of the civil and indirect tax related litigations through discussions with the management including the significant developments additions and settlements during the year and subsequent to 31 March 2019; Verifying demand notices received from various indirect tax authorities and evaluating the Company's written responses to those matters; Evaluating the management's assessment on the likely outcome and potential magnitude by involving experts on complex or significant matters as considered necessary; and Assessing the adequacy of the Company's disclosures. We did not identify any significant exceptions to the management's assessment of the ongoing civil a nd indirect tax litigations as a result of the a bove p rocedures.

Information Other than the Standalone Financial

Statements and Auditor's Report thereon

The Company's Board of Directors is responsible for the preparation of the otherinformation. The other information comprises the information included in the ManagementDiscussion and Analysis Director's Report including Annexures to Director's ReportCorporate Governance and Shareholder's Information but does not include the standalonefinancial statements and our auditor's report thereon.

Our opinion on the standalone financial statements does not cover the other informationand we do not express any form of assurance conclusion thereon.

In connection with our audit of the standalone financial statements our responsibilityis to read the other information and in doing so consider whether the other informationis materially inconsistent with the standalone financial statements or our knowledgeobtained during the course of our audit or otherwise appears to be materially misstated.

If based on the work we have performed we conclude that there is a materialmisstatement of this other information we are required to report that fact. We havenothing to report in this regard.

Management's Responsibility for the Standalone

Financial Statements

The Company's Board of Directors is responsible for the matters stated in section134(5) of the Act with respect to the preparation of these standalone financial statementsthat give a true and fair view of the financial position financial performance totalcomprehensive income changes in equity and cash flows of the Company in accordance withthe Ind AS and other accounting principles generally accepted in India. Thisresponsibility also includes maintenance of adequate accounting records in accordance withthe provisions of the Act for safeguarding the assets of the Company and for preventingand detecting frauds and other irregularities; selection and application of appropriateaccounting policies; making judgments and estimates that are reasonable and prudent; anddesign implementation and maintenance of adequate internal financial controls that wereoperating effectively for ensuring the accuracy and completeness of the accountingrecords relevant to the preparation and presentation of the standalone financialstatements that give a true and fair view and are free from material misstatement whetherdue to fraud or error.

In preparing the standalone financial statements management is responsible forassessing the Company's ability to continue as a going concern disclosing as applicablematters related to going concern and using the going concern basis of accounting unlessmanagement either intends to liquidate the Company or to cease operations or has norealistic alternative but to do so.

The Board of Directors is responsible for overseeing the

Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone

Financial Statements

Our objectives are to obtain reasonable assurance about whether the standalonefinancial statements as a whole are free from material misstatement whether due to fraudor error and to issue an auditor's report that includes our opinion. Reasonable assuranceis a high level of assurance but is not a guarantee that an audit conducted in accordancewith SAs will always detect a material misstatement when it exists. Misstatements canarise from fraud or error and are considered material if individually or in theaggregate they could reasonably be expected to influence the economic decisions of userstaken on the basis of these standalone financial statements.

As part of an audit in accordance with SAs we exercise professional judgment andmaintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the standalone financialstatements whether due to fraud or error design and perform audit procedures responsiveto those risks and obtain audit evidence that is sufficient and appropriate to provide abasis for our opinion. The risk of not detecting a material misstatement resulting fromfraud is higher than for one resulting from error as fraud may involve collusionforgery intentional omissions misrepresentations or the override of internal control.

Obtain an understanding of internal financial controls relevant to the audit in orderto design audit procedures that are appropriate in the circumstances. Under section143(3)(i) of the Act we are also responsible for expressing our opinion on whether theCompany has adequate internal financial controls system in place and the operatingeffectiveness of such controls.

Evaluate the appropriateness of accounting policies used and the reasonableness ofaccounting estimates and related disclosures made by management.

Conclude on the appropriateness of management's use of the going concern basis ofaccounting and based on the audit evidence obtained whether a material uncertaintyexists related to events or conditions that may cast significant doubt on the Company'sability to continue as a going concern. If we conclude that a material uncertainty existswe are required to draw attention in our auditor's report to the related disclosures inthe standalone financial statements or if such disclosures are inadequate to modify ouropinion. Our conclusions are based on the audit evidence obtained up to the date of ourauditor's report. However future events or conditions may cause the Company to cease tocontinue as a going concern.

Evaluate the overall presentation structure and content of the standalone financialstatements including the disclosures and whether the standalone financial statementsrepresent the underlying transactions and events in a manner that achieves fairpresentation.

We communicate with those charged with governance regarding among other matters theplanned scope and timing of the audit and significant audit findings including anysignificant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have compliedwith relevant ethical requirements regarding independence and to communicate with themall relationships and other matters that may reasonably be thought to bear on ourindependence and where applicable related safeguards.

From the matters communicated with those charged with governance we determine thosematters that were of most significance in the audit of the standalone financial statementsof the current period and are therefore the key audit matters. We describe these mattersin our auditor's report unless law or regulation precludes public disclosure about thematter or when in extremely rare circumstances we determine that a matter should not becommunicated in our report because the adverse consequences of doing so would reasonablybe expected to outweigh the public interest benefits of such communication.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order 2016 (“the Order”)issued by the Central Government in terms of Section 143(11) of the Act we give in“Annexure A” a statement on the matters specified in paragraphs 3 and 4 of theOrder.

2. As required by Section 143(3) of the Act based on our

audit we report that:

a) We have sought and obtained all the information and explanations which to the bestof our knowledge and belief were necessary for the purposes of our audit.

b) In our opinion proper books of account as required by law have been kept by theCompany so far as it appears from our examination of those books.

c) The Balance Sheet the Statement of Profit and Loss including Other ComprehensiveIncome Statement of Changes in Equity and the Statement of Cash Flow dealt with by thisReport are in agreement with the relevant books of account.

d) In our opinion the aforesaid standalone financial statements comply with the Ind ASspecified under Section 133 of the Act.

e) On the basis of the written representations received from the directors as on March31 2019 taken on record by the Board of Directors none of the directors is disqualifiedas on March 31 2019 from being appointed as a director in terms of Section 164 (2) of theAct.

f) With respect to the adequacy of the internal financial controls over financialreporting of the Company and the operating effectiveness of such controls refer to ourseparate Report in “Annexure B”. Our report expresses an unmodified opinion onthe adequacy and operating effectiveness of the Company's internal financial controls overfinancial reporting. g) With respect to the other matters to be included in the Auditor'sReport in accordance with the requirements of section 197(16) of the Act as amended:

In our opinion and to the best of our information and according to the explanationsgiven to us the remuneration paid by the Company to its directors during the year is inaccordance with the provisions of section 197 of the Act.

h) With respect to the other matters to be included in the Auditor's Report inaccordance with Rule 11 of the Companies (Audit and Auditors) Rules 2014 as amended inour opinion and to the best of our information and according to the explanations given tous:

i. The Company has disclosed the impact of pending litigations as at March 31 2019 onits financial position in its standalone financial statements- Refer note 54 55 56 57and 59;

ii. The Company has made provision as required under the applicable law or accountingstandards for material foreseeable losses if any on long-term contracts includingderivative contracts.

iii. There has been no delay in transferring amounts required to be transferred tothe Investor Education and Protection Fund by the Company.

For S. S. KOTHARI MEHTA & CO.

Chartered Accountants

Firm Registration No. 000756N

SUNIL WAHAL

Partner

Membership No:- 087294

Place: New Delhi

Date: May 22 2019

Annexure A to the Independent Auditor's Report to the Members of JK LAKSHMI CEMENTLIMITED on its standalone financial statements dated May 22 2019

Report on the matters specified in paragraph 3 of the Companies (Auditor's Report)Order 2016 (“the Order”) issued by the Central Government of India in terms ofsection 143(11) of the Companies Act 2013 (“the Act”) as referred to inparagraph 1 of ‘Report on Other Legal and Regulatory Requirements' section.

i. (a) The Company has maintained proper records showing full particulars includingquantitative details and situation of fixed assets.

(b) The Company has a regular program of physical verification of its fixed assets bywhich fixed asset have been verified by the management according to the program ofperiodical physical verification in a phased manner which in our opinion is reasonablehaving regard to the size of the Company and the nature of its fixed assets. Thediscrepancies noticed on such physical verification were not material.

(c) According to the information and explanations given to us and on the basis of ourexamination of the records of the Company the title deeds of immovable properties areheld in the name of the Company except as stated in Note No. 2 of the standalone financialstatements.

ii. The inventories of the Company except stock in transit have been physicallyverified by the management at reasonable intervals. In our opinion and the procedures ofphysical verification of inventory followed by the Management are reasonable in relationto the size of the Company and nature of its business. The discrepancies noticed on suchphysical verification of inventory as compared to book records were not material.

iii. The Company has granted unsecured loan to one subsidiary party covered in theregister maintained under section 189 of the Act. Read with Note No. 66 (a) of thestandalone financial statements.

a) In respect of the aforesaid loans the terms and conditions under which such loanswere granted are not prejudicial to the interest of the Company.

b) In respect of the aforesaid loans the schedule of repayment of principal andpayment of interest has been stipulated and the subsidiary company is repaying theprincipal amounts as stipulated and are also regular in payment of interest asapplicable.

c) In respect of the aforesaid loans there is no amount

which is overdue for more than ninety days.

iv. According to the information explanations and representations provided by themanagement and based upon audit procedures performed we are of the opinion that inrespect of loans investments guarantees and security the Company has complied with theprovisions of the Section 185 and 186 of the Act.

v. In our opinion and according to the information and explanations given to us theCompany has complied with the directive issued by the Reserve Bank of India and theprovisions of Section 73 to76 of the Act or any other relevant provisions of the Act andthe rules framed there under (to the extent applicable) with regard to deposits acceptedfrom public. We have been informed that no order has been passed by the Company Law Boardor National Company Law Tribunal or Reserve Bank of India or any Court or other Tribunalin this regard.

vi. We have broadly reviewed the books of account maintained by the company pursuant tothe rules made by the Central Government for the maintenance of cost records under section148(1) of the Act related to the activities of the same applicable and are specifiedaccounts and records have been made and maintained. We have however not made a detailedexamination of the same.

vii. (a) According to the information and explanations given to us and the records ofthe Company examined by us in our opinion the Company is generally regular in depositingundisputed statutory dues including provident fund employees' state insuranceincome-tax sales-tax service tax duty of customs duty of excise value added taxGoods and Service tax cess and other material statutory dues as applicable with theappropriate authorities and there are no such undisputed amounts payable which haveremained outstanding as at March 31 2019 for a period of more than six months from thedate they became payable.

(b) According to the records and information & explanations given to us certaindues in respect of Income tax sales tax service tax duty of customs duty of excise andvalue added tax that have not been deposited with the appropriate authorities on accountof dispute and the forum where the dispute is pending are given below:

Name of the Statute Nature of the Dues Period (Financial Year) Amount (Rs. In crore) Forum where dispute is pending
Sale Tax Act Sale Tax 2006-2014 3.71 Jodhpur High Court
Sale Tax Act Sale Tax 2003-09 119.49 Jodhpur High Court
Sale Tax Act Sale Tax 1995-1998 0.63 Jodhpur High Court
Sale Tax Act Sale Tax 1992-1998 0.46 Jodhpur High Court
Sale Tax Act Sale Tax 2005-2006 4.74 Jodhpur High Court
Sale Tax Act Sale Tax 1995-2006 0.42 High Court
Sale Tax Act Sale Tax 1997-1998 0.05 Joint Commissioner (Appeals)
The Rajasthan Tax on
Entry of Goods into Entry Tax 2002-2016 37.90 Supreme Court
local areas Act 1999
The Rajasthan Tax on
Entry of Goods into Entry Tax 2012-2015 0.79 Jodhpur High Court
local areas Act 1999
The Rajasthan Tax on
Entry of Goods into Entry Tax 2007-2008 2.72 Dy. Comm. (Appeal)
local areas Act 1999
The Rajasthan Tax on
Entry of Goods into Entry Tax 2013-2014 0.39 CTO (AE)
local areas Act 1999
The Rajasthan Tax on
Entry of Goods into Entry Tax 2012-2013 0.39 CTO (AE)
local areas Act 1999
The Rajasthan Tax on
Entry of Goods into Entry Tax 2015-2017 0.88 CTO (AE)
local areas Act 1999
West Bengal Entry Tax Entry Tax 2015-2016 0.38 Calcutta High Court
Gujarat Entry Tax Entry Tax 2007-2008 0.01 Joint Commissioner (Appeals)
Central Excise Act Excise Act 2009-2016 2.82 CESTAT
Central Excise Act Excise Act 2007-2008 0.02 CESTAT
Central Excise Act Excise Act 1996-1998 1.87 CESTAT
Finance Act 1994 Service Tax 2007-2009 1.18 Excise Commissioner
Finance Act 1994 Service Tax 2012-14 0.25 CESTAT
Finance Act 1994 Service Tax 2012-2013 0.15 CESTAT
Finance Act 1994 Service Tax 2013-14 2.45 CESTAT
Finance Act 1994 Service Tax 2012-2013 0.07 Commissioner (Appeal)
Income Tax Act 1961 Income Tax and Interest 2012-2013 3.67 Commissioner (A) Kolkata
Income Tax Act 1961 Income Tax and Interest 2013-2014 1.46 Commissioner (A) Kolkata
Income Tax Act 1961 Income Tax and Interest 2014-2015 0.23 Commissioner (A) Kolkata

viii. In our opinion on the basis of audit procedures and according to the informationand explanations given to us the Company has not defaulted in repayment of loans andborrowings to financial institutions banks government and dues to debenture holders.

ix. In our opinion and according to the information and explanations given to us termloan were applied for the purpose for which the term loan were obtained. No money havebeen raised during the year by way of initial public offer / further public offer.

x. During the course of our examination of the books and records of the Company carriedout in accordance with the generally accepted auditing practices in India we report thatno fraud by the Company or by the Company or any fraud on the Company by its officers oremployees has been noticed or reported during the year nor have we been informed of suchcase by the management.

xi. In our opinion and according to the Information and explanation given to us thecompany has paid/provided managerial remuneration in accordance with the requisiteapprovals mandated by the provisions of section 197 read with Schedule V to the Act.

( refer note no 52 of the standalone financial statements)

Place: New Delhi

Date: May 22 2019 xii. As the Company is not a Nidhi Company the provision of clause3(xii) of the Order are not applicable to the Company.

xiii. As per the information and explanations and records made available by themanagement of the Company and audit procedure performed for transactions with the relatedparties during the year the Company has complied with the provisions of Section 177 and188 of the Act where applicable. As explained and as per records/ details the relatedparty transactions have been disclosed in the standalone financial statements as requiredby the applicable accounting standards.

xiv. The company has not made any preferential allotment or private placement of sharesor fully or partly convertible debentures during the year under review. Accordingly theprovisions of clause 3 (xiv) of the Order are not applicable to the Company.

xv. In our opinion and on the basis of information and explanations given to us theCompany has not entered into non-cash transactions with directors and persons connectedwith him. as referred to in Section 192 of Act.

xvi. According to the information and explanations given to us the provisions ofsection 45-IA of the Reserve Bank of India Act 1934 are not applicable to the Company.

For S. S. KOTHARI MEHTA & CO.

Chartered Accountants

Firm Registration No. 000756N

SUNIL WAHAL

Partner

Membership No:- 087294

Annexure B to the Independent Auditors' Report to the Members of JK LAKSHMI CEMENTLIMITED dated May 22 2018 on its standalone financial statements

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section143 of the Companies Act 2013 (“the Act”) as referred to in paragraph 1(f) of‘Report on Other Legal and Regulatory Requirements' section

We have audited the internal financial controls over financial reporting of JK LAKSHMICEMENT LIMITED (“the Company”) as of March 31 2019 in conjunction with ouraudit of the standalone financial statements of the Company for the year ended on thatdate.

Management's Responsibility for Internal Financial Controls

The Company's Management is responsible for establishing and maintaining internalfinancial controls based on “the internal control over financial reporting criteriaestablished by the Company considering the essential components of internal control statedin the Guidance Note on Audit of Internal Financial Controls Over Financial Reportingissued by the Institute of Chartered Accountants of India”. These responsibilitiesinclude the design implementation and maintenance of adequate internal financial controlsthat were operating effectively for ensuring the orderly and efficient conduct of itsbusiness including adherence to the Company's policies the safeguarding of its assetsthe prevention and detection of frauds and errors the accuracy and completeness of theaccounting records and the timely preparation of reliable financial information asrequired under the Act.

Auditors' Responsibility

Our responsibility is to express an opinion on the Company's internal financialcontrols over financial reporting based on our audit.

We conducted our audit in accordance with the Guidance Note on Audit of InternalFinancial Controls Over Financial Reporting (the “Guidance Note”) and theStandards on Auditing as specified under section 143(10) of the Act to the extentapplicable to an audit of internal financial controls both applicable to an audit ofInternal Financial Controls and both issued by the Institute of Chartered Accountants ofIndia. Those Standards and the Guidance Note require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whetheradequate internal financial controls over financial reporting was established andmaintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy ofthe internal financial controls system over financial reporting and their operatingeffectiveness.

Our audit of internal financial controls over financial reporting included obtaining anunderstanding of internal financial controls over financial reporting assessing the riskthat a material weakness exists and testing and evaluating the design and operatingeffectiveness of internal control based on the assessed risk. The procedures selecteddepend on the auditor's judgement including the assessment of the risks of materialmisstatement of the financial statements whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the Company's internal financial controls systemover financial reporting.

Meaning of Internal Financial Controls over Financial Reporting

A company's internal financial control over financial reporting is a process designedto provide reasonable assurance regarding the reliability of financial reporting and thepreparation of financial statements for external purposes in accordance with generallyaccepted accounting principles. A company's internal financial control over financialreporting includes those policies and procedures that:

a) pertain to the maintenance of records that in reasonable detail accurately andfairly reflect the transactions and dispositions of the assets of the company;

b) provide reasonable assurance that transactions are recorded as necessary to permitpreparation of financial statements in accordance with generally accepted accountingprinciples and that receipts and expenditures of the company are being made only inaccordance with authorizations of management and directors of the company; and

c) provide reasonable assurance regarding prevention or timely detection ofunauthorized acquisition use or disposition of the company's assets that could have amaterial effect on the financial statements.

Inherent Limitations of Internal Financial Controls Over Financial Reporting

Because of the inherent limitations of internal financial controls over financialreporting including the possibility of collusion or improper management override ofcontrols material misstatements due to error or fraud may occur and not be detected.Also projections of any evaluation of the internal financial controls over financialreporting to future periods are subject to the risk that the internal financial controlover financial reporting may become inadequate because of changes in conditions or thatthe degree of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion to the best of our information and according to the explanations givento us the Company has in all material respects an adequate internal financial controlssystem over financial reporting and such internal financial controls over financialreporting were operating effectively as at March 31 2019 based on the internal controlover financial reporting criteria established by the Company considering the essentialcomponents of internal control stated in the Guidance Note on Audit of Internal FinancialControls Over Financial Reporting issued by the Institute of Chartered Accountants ofIndia.

For S. S. KOTHARI MEHTA & CO.

Chartered Accountants

Firm Registration No. 000756N

SUNIL WAHAL

Place: New Delhi Partner

Date: May 22 2019 Membership No:- 087294

JK Lakshmi Cement Limited


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