We have audited the accompanying standalone financial statements of Ornansh Enterprises Ltd
(“the Company"), which comprise the Balance Sheet as at March 31, 2025 the Statement of Profit
and Loss the Cash Flow Statement and the Statement of Changes in Equity for the year then ended
and notes to the financial statements, including a summary of significant accounting policies and
other explanatory information.
In our opinion and to the best of our information and according to the explanations given to us, the
aforesaid standalone financial statements give the information required by the Companies Act,
2013 as amended (‘the Act’) in the manner so required and give a true and fair view in conformity
with’the the Indian Accounting Standards (IND-AS,) of the state of affairs of the Company as *
31st March 2025, its profit, and its cash flows and the changes in equity for te year ended on that
date.
Basis of opinion
We conducted our audit of the standalone financial statements in accordance with the Standards on
Auditing (SAs), as specified under section 143(10) of the Act. Our responsibilities under those
Standards are further described in the ‘Auditor’s responsibilities for the audit of the standalone
Financial Statements’ section of our report. We are independent of the Company in accordance with
the ‘Code of Ethics’ issued by the Institute of Chartered Accountants of India together with the
ethical requirements that are relevant to our audit of the financial statements under the provisions of
the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in
accordance with these requirements and the Code of Ethics. We draw the attention to the matters
described in ‘Basis for Opinion’ paragraph of the Audit Report m the Frnwicml Sm^m^ aud>ted
by us.
Key Audit Matters
Key audit matters (‘KAM’) are those matters that, in our professional judgment, were of most
significance in our audit of the standalone financial statements of the current period. No matter
were addressed in the context of our audit of the standalone financial statements as a whole, <ind m
forming our opinion thereon, and we do not provide a separate opinion on these matters.
Other Information
The Company’s management and Board of Directors are responsible for the other information. Th°
other information comprises the information included in the Company’s annua rop°rt, but d°es n°t
include the financial statements and our auditors’ report thereon.
Our opinion on the standalone financial statements does not cwct to o0r mformaticrn ami wo d°
not express any form of assurance conclusion thereon.
In connection with our audit of the standalone financial statements, our responsibility is to read the
other information and, in doing so, consider whether the other information is materially inconsistent
with the standalone financial statements or our knowledge obtained in the audit or otherwise
appears to be materially misstated. If, based on the work we have performed, we conclude that there
is a material misstatement of this other information ^ required t° ropgrt that foot. We have
nothing 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 section 134(5) of the Act
with respect to the preparation of these standalone financial statements that give a true and fair view
of the financial position, financial performance including other comprehensive income, cash flows
and changes in equity of the Company in accordance with the accounting principles generally
accepted in India, including the Indian Accounting Standards (IND-AS) specified under section 133
of the Act read with the Companies (Indian Accounting Standards) Rules 2015. This responsibility
also includes maintenance of adequate accounting records in accordance with the provisions ot the
Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other
irregularities; selection and application of appropriate accounting policies; making judgments and
estimates that are reasonable and prudent; and the design, implementation and maintenance of
adequate internal financial controls, that were operating effectively for ensuring the accuracy and
completeness of the accounting records, relevant to the preparation and presentation ot the
standalone financial statements that give a true and fair v°w and aro freo from matorial
misstatement, whether due to fraud or error.
In preparing the standalone financial statements, Management is responsible for assessing the
Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless Management either m^ncte tg
liquidate the Company or to cease operation^ ot has no realistic ^enrntive bm t° d° °°.
Auditor’s responsibilities for the audit of the standalone Financial Statrarate
Our responsibility is to express an opinion on these standalone financial statements based on our
audit. We have taken into account the provisions of the AcT the accounfirig a^d editing standards
and matters which are required to be included in the audit report under the provisions of the Act and
the Rules made thereunder. We conducted our audit in accordance with the Standards on Auditing,
issued by the Institute of Chartered Accountants of India, as specified under Section 143(10) of the
Act. Those Standards require that we comply with ethical requirements and plan and perform the
audit to obtain reasonable assurance about whether the financial statements are free from material
misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. The procedures selected depend on the auditor’s judgment,
including the assessment of the risks of material misstatement of the financial statements, whether
due to fraud or error. In making those risk assessments, the auditor considers internal financial
control relevant to the Company's preparation of the financial statements that give a true and fair
view in order to design audit procedures that arc appropriate in the circumstances. An audit also
includes evaluating the appropriateness of accounting policies used and the reasonableness of the
accounting estimates made by the Company's Directors, as well as evaluating the overall
presentation of the financial statements. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our audit opinion on the standalone financial
statements.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor's report) Order, 2020 (“the Order ) issued by the
Central Government of India in terms of sub-section (11) of Section 143 of the Act, we give in
the Annexurc 1 a statement on the matters specified in paragraphs 3 and 4 of the Order.
2. As required by Section 143(3) of the Act, we report that:
a) We have sought and obtained all the information and explanations which to the best of our
knowledge and belief were necessary for the purpose of our audit;
b) In our opinion proper books of account as required by law have been kept by the Company
so far as it appears from our examination of those books;
c) The Balance Sheet, the Statement of Profit and Loss, the Cash Flow Statement and
Statement of changes in Equity dealt with by this Report are in agreement with the books of
account;
d) In our opinion, the aforesaid standalone financial statements comply with the Indian
Accounting Standards (IND-AS) specified under Section 133 of the Act, read with
Companies (Accounting Standards) Rules, 2015, as amended;
e) On the basis of written representations received from the directors as on 31st March 2025
taken on record by the Board of Directors, none of the Directors is disqualified as on 31st
March 2025, from being appointed as a director in terms of Section 164(2) of the Act;
f) With respect to the adequacy of the internal financial controls over financial reporting of the
Company and the operating effectiveness of such controls, refer to our separate Report in
“Annexure 2” to this report;
g) With respect to the other matters to be included in the Auditor's Report in accordance with
Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best
of our information and according to the explanations given to us:
(i) The Company does not have any pending litigations which would impact its financial
position.
(ii) The Company did not have any long-term contracts including derivative contracts for
which there were any material foreseeable losses.
(iii) There has not been an occasion, in which the company, during the year under report,
to transfer any sum to the Investor Education and Protection Fund. Hence, the question
of delay in transferring such sum does not arise.
For MKRJ & Co.
Chartered Accountants On-*__
Firm Re^isitr§qi,&J^^
Jain
Membership No. 073972
UDIN: 25073972BMLGAY7201
Place: New Delhi
Date: 30/05/2025
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