GNA AXLES
Regd. Office: GNA HOUSE, |-C, CHHOT! BARADARI- PARTI
Phones Fax E-mail Website
GARHA ROAD, JALANDHAR. 144 404
+ 0184-4630477
+ 0181-4630477 :Infe@gnagroup.com + Waww.gnagroup.com
LIMITED
Dated : 29" April, 2022
Department of Corporate Services BSE Limited
25" Floor
Rotunda Building, P J Towers Dalal Street, Fort
MUMBAI 400001
SCRIP CODE : 540124
The National Stock Exchange of India Limited
"Exchange Plaza"
Plot No C-1, G Block
Bandra Kurla Complex
Bandra
(East)
MUMBAI -- 400051
SCRIP CODE : GNA
SUB:
COMPLIANCE
OF
REGULA TION
_30_and_
33
OF
THE
SEBI
OBLIGATIONS AND DISCLOSURE REQUIREMENT. S) REGULATIONS, 2015
Sir,
(LISTING
quarter / financial year ended March 31, 2022 alongwith the Auditor's
Pursuant to Regulation 30 & 33 of the SEBI (LODR) Regulations, herewith the Audited Financial Results of the Company (both standalone and consolidated) for the
2015, please find enclosed
Board of Directors in its meeting held on
29"
April, 2022.
Report as approved by the
The Board of Directors while approving the annual accounts, has recommended an equity dividend of Rs. §/= (Rupees F. iVE Only) per Equity share for the financial year ended March, 31 2022.
financial year ended 31% March 2022,
We further state that the report of the Auditors is with unmodified opinion with respect to the Audited Financial Results (both Standalone & Consolidated) of the Company for the quarter and
.
The meeting of the Board of Directors Commenced at 12:30 PM and concluded at (' 2§7 PM. Kindly take the same on record,
Thanking You
Yours Truly
For GNA,AXLES LIMITED
rav Jain
.
C ompatiy 5 Secretary
Rare T20130PB1009PLCOTSB0
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: UNIT, ¥PO MEHTIANA, DISTT, HOSHIARPUR
Rakesh Kumar
Chhiiefef FiFi nancialial OfOffifciecerr
+
01852-262273 (7 Lines) -
UNIT4I, VILLAGE GULABGARH.JATTAN DISTT, KAPURTHALA
+ 01862-262280, 262302
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RearAxle Shafts, Other. Shafls and Spindles ISO/TS. 16949/2009
HARISH & CO.
Chartered Accountants Lajpat Nagar Market Jalandhar City-144001
Independent Auditor's Report
To the Members of
GNA AXLES LIMITED.
Report on the audit of the standalone financial statements.
Opinion
We have audited the accompanying Standalone financial statements of GNA AXLES LIMITED ("the Company"), which comprise the Balance Sheet as at, March 31, 2022, the statement of Profit and Loss (including Other Comprehensive Income), the Statement of Changes in Equity and the Statement of Cash Flows ended on that date, and a summary of significant accounting policies and other explanatory information (hereinafter referred to as the "standalone financial statements").
the explanations information so required and give a true and fair view in conformity with the Indian Accounting Standards prescribed under section 133 of the Act read with the Companies (Indian Accounting Standards)
In our opinion and to the best of our information and according to given to us, the aforesaid Standalone financial statements give the
required by the Companies Act, 2013 (the "Act") in the manner
Rules, 2015, as amended, (" Ind AS") accepted in India, of the state of affairs of and total comprehensive income, changes ended on that date.
Basis for Opinion
and | principles | ||
the | 31, 2022, | the | profit |
in | the | year |
generally
other accounting Company as March equity and its cash flows for
We conducted our audit of the standalone financial statements in accordance with the standards on auditing specified under section 143(10) of the Companies Act, 2013. Our responsibilities under those Standards are further described in the auditor's responsibilities for the audit of the standalone financial statements section of our
code of ethics ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the rules there under, and we have fulfilled our other ethical
report. We are independent of the Company in accordance with the issued by the institute of Chartered Accountants of India together with the
responsibilities in accordance with
these
requirements and the code of ethics.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the standalone financial statements,
Key
Audit Matters:
Key audit matters are those matters that, in our professional judgment, were significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon. And we do not provide a separate opinion on these matters,
of most
w2t-
Information other than the financial statements and auditors' report thereon
The Company's board | preparation | of | |
information. The other | information | included | the |
Corporate |
in
of directors are responsible for the information comprises the
Report including Annexures to Board's Report
the other Board's
Governance and share
holder informations but does not include the financial statements and our auditor's report thereon.
Our opinion on the Standalone financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is
materially inconsistent with obtained during the course misstated.
If, based on the work we
the | our | knowledge | ||
of | appears | to | be | materially |
have | that | there | is | |
report | that |
fact. We
standalone financial statements or our audit or otherwise
performed, we conclude
misstatement of this other information, we are required to nothing to report in this regard.
a material
have
Management's The Company's
Responsibility for | the | Standalone |
Board of Directors | are | responsible |
Financial Statements for the matters stated in
Section
134(5) of the Companies Act, 2013 ("the Act") with respect to the preparation of these Standalone Ind. AS financial statements that give a true and fair view of the financial position, financial performance in accordance with the accounting principles generally accepted in India, including the Accounting Standards Ind. AS specified
the | |||
standard) | as | This responsibility | of |
adequate | accordance with the | for |
Rules, 2015
under Section 133 of
Act, read with Rule 7 of the Companies (Indian accounting
amended,
accounting records in
also includes maintenance provisions of the Act
safeguarding of the assets of the Company and for preventing and detecting frauds
selection | policies; | ||
making judgments | estimates | reasonable | design, |
implementation and | internal |
that are
and other irregularities; and
and application of appropriate accounting
maintenance of adequate
and prudent; and financial controls, that were
operating effectively for ensuring the accuracy and completeness
records, relevant to the preparation and presentation statements that give a true and fair view and are free
of | the | accounting | |
of | Ind. | As | financial |
from |
whether due to fraudthe material misstatement,
or
error.
In preparing the financial statements, management is responsible for assessing the
Company's
related to
ability | ||
going | and | using |
to | liquidate |
going | as | applicable, | matters | |
the | basis | of | accounting | unless |
cease |
has no
to continue as a concern
management either intends realistic alternative but to do
The board of directors are reporting process.
operations, | or |
so. | |
also | Company's |
financial
concern, disclosing, going concern the Company or to
responsible for overseeing the
23:
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or ertor, and to issue an auditor's report that includes our opinion, Reasonable assurance
is a high level of assurance, but is not a
guarantee that an audit conducted in
accordance with SAs will always detect
Misstatements
As part of an audit in accordance with SAs, we exercise professional judgment maintain professional skepticism throughout the audit. We also:
a material misstatement when it exists.
individually or in the aggregate, they
can
arise
from fraud | or | are | material | if, |
could | be | influence | the | |
and |
error
reasonably
and
considered expected to
economic decisions of users taken on the basis of these financial statements.
Identify and assess the risks of material misstatement of the standalone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence
sufficient and appropriate to provide a basis fordetecting a material misstatement resulting from fraud is higher resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control,
that | is | ||
our | risk | of | not |
than | for | one |
opinion. The
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Companies Act, 2013, we are also responsible for
expressing our opinion on whether the company has adequate financial controls system in place and the operating effectiveness controls.
internal
of | such | |
and | the | |
reasonableness | made | by |
management, |
of
Evaluate
the
appropriateness
accounting
policies
used
of accounting estimates and related disclosures
basis of material
Conclude on the appropriateness
of | |||
accounting | on | the | audit |
uncertainty | to | events |
and, based exists related
management's use of the going concern evidence obtained, whether a or conditions that may cast
significant doubt on the Company's ability to continue as a
we conclude that a material uncertainty exists, wegoing concern.
If
are required to draw
attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future.events or conditions may cause the Company "fo cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the standalone
financial statements, including the disclosures,
and whether the financial
statements represent the underlying transactions and events in a manner that achieves fair presentation.
t4:
We communicate
with those charged with governance regarding, among
other
matters, the planned scope and timing of the audit and significant audit findings,
including any significant deficiencies in internal control audit.
We also complied
that | during | our | |||
provide | those | charged | a | we | have |
with | relevant | ethical | to |
we identify
with governance with
requirements
regarding
statement that independence,
and
communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguard. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.
Report on Other Legal and Regulatery Requirements
1, As required by the Companies (Auditor's Report) Order, 2020 ("the Order'), as amended, issued by the Central Government of India in terms of sub-section (11) of section 143 of the Act, we give in the "Annexure A" 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
of our knowledge
obtained all the information and explanations which to the bestand 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, Statement of Profit and loss including other comprehensive income, the statement of change in equity and the cash flow statements 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 Accounting Standards specified under section 133 of the Act.
e,
As per the management representation we report.
no funds have been advanced or loaned or invested by the
company
to or in
any other person(s) or entities, including foreign entities (" Intermediaries")
with the understanding that the intermediaryshall whether
directly or
indirectly lend or invest in other persons or entities identified in any manner
by or on guarantee,
behalf | of | the | |
security | or | the | on |
by |
like
company (Ultimate Beneficiaries) or provide anyno funds have been received
behalf of ultimate beneficiaries.
the company from any person(s) or entities
including foreign entities ('Funding Parties) with the understanding that such company shall whether, directly or indirectly, lend or invest in other persons
or entities identified in amy manner whatsoever by or on behalf of
the funding
party (Ultimate beneficiaries ) or provide guarantee, security or the behalf of the Ultimate beneficiaries,
like on
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GNA Axles Ltd. published this content on 29 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2022 09:11:05 UTC.