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SEBI has put in place a mechanism to review the audit qualifications contained in the audit reports of the listed entities. The detailed procedure for the same has been prescribed in Schedule VIII read with Regulation 33 and Regulation 52 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015 ('Listing Regulations') and SEBI circular no. CIR/CFD/CMD/15/2015 dated November 30, 2015. #pdf
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In this context, necessary amendments to the Listing Regulations have already been notified. A copy of the notification is available on the SEBI Website www.sebi.gov.in. (Read @ http://www.bseindia.com/downloads/whtsnew/file/SEBI%20Cir%20on%20Impact%20of%20 Audit%20Qlfn%2027052016.pdf) The listed entity shall furni sh while submitting the annual audited financial results. Audit reports Unmodified opinion modified opinion (As Given below ) (As per annexure I) a declaration to that effect a statement showing impact of to the stock exchange(s) audit qualifications Note: The clause 3 (g) of the Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015 ('Listing Regulations') stands deleted. Annexure A CIN:__________________________ [Pursuant to Regulation 33 of SEBI (Listing Obligation and Disclosure DECLARATION Requirement) Regulation, 2015 and SEBI (Listing Obligations a nd Disclosure Requirements) (Amendment) Regulations, 2016] It is hereby declared and confirmed that the A uditors’ Report on Annual Audited financial results for the Financial Year 2015 -16 of the company is with unmodified option. This declaration is issued in compliance of Regulation 33 (3) (d) of the Securities E xchange Board of India (Listing Obligation and Disclosure Requirement) Regulation, 2015 as amended by the Securities E xchange Board of India (Listing Obligation and Disclosure Requirement) Regulation, 201 6 vide notification No. SEBI/LAD -NRO/GN/2016 -17/001. For, ___________________ Limited ______________________ _______________________ (DIN: ____________) DIRECTOR/C.S/WTD/M.D Page 4 of 4 ANNEXURE I Statement on Impact of Audit Qualifications (for audit report with modified opinion) submitted along-with Annual Audited Financial Results - (Standalone and Consolidated separately) Statement on Impact of Audit Qualifications for the Financial Year ended March 31, ......... [See Regulation 33 / 52 of the SEBI (LODR) (Amendment) Regulations, 2016] I. Sl. No. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications) 1. Turnover / Total income - - 2. Total Expenditure - - 3. Net Profit/(Loss) - - 4. Earnings Per Share - - 5. Total Assets - - 6. Total Liabilities - - 7. Net Worth - - 8. Any other financial item(s) (as felt appropriate by the management) - - II. Audit Qualification (each audit qualification separately): a. Details of Audit Qualification: b. Type of Audit Qualification : Qualified Opinion / Disclaimer of Opinion / Adverse Opinion c. Frequency of qualification: Whether appeared first time / repetitive / since how long continuing d. For Audit Qualification(s) where the impact is quantified by the auditor, Management's Views: e. For Audit Qualification(s) where the impact is not quantified by the auditor: (i) Management's estimation on the impact of audit qualification: (ii) If management is unable to estimate the impact, reasons for the same: (iii) Auditors' Comments on (i) or (ii) above: III. Signatories:  CEO/Managing Director  CFO  Audit Committee Chairman  Statutory Auditor Place: Date:




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