Financial Year: 2024
MSKA & Associates, Chartered Accountants, have issued an Independent Auditor's Report on the audited financial results of Arohan Financial Services Limited, compliant with Regulation 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, for the year ended March 31, 2024.
Opinion:
The audit firm has audited the accompanying statement of financial results of Arohan Financial Services Limited for the year ended March 31, 2024, and they believe the statement presents a true and fair view, adhering to the requirements of the Listing Regulations and the applicable Indian Accounting Standards under Section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015. Their opinion is based on the information available and explanations provided to them.
Basis for Opinion:
The audit was conducted in accordance with Standards on Auditing specified under section 143(10) of the Act and other applicable pronouncements issued by the Institute of Chartered Accountants of India. The firm is independent of the company, compliant with the Code of Ethics issued by the ICAI, and believes the audit evidence obtained is sufficient for their opinion.
Management and Board of Directors' Responsibilities:
The Company's Management and Board of Directors are responsible for preparing and presenting a fair statement of financial results, in accordance with Indian Accounting Standards and Listing Regulations. This responsibility includes maintaining adequate accounting records and safeguarding the company's assets, preventing fraud, and implementing adequate internal financial controls. They are also responsible for assessing the company's ability to continue as a going concern.
Auditor's Responsibilities:
The auditor's objective is to obtain reasonable assurance that the financial results are free from material misstatement, whether due to fraud or error, and to issue an auditor's report with an opinion. This includes identifying and assessing risks, understanding internal controls, evaluating accounting policies, and concluding on the appropriateness of the going concern basis. They also evaluate the presentation of the financial results.
Other Matters:
The statement includes results for the quarter ended March 31, 2024, which is the balancing figure between audited figures for the full financial year and unaudited year-to-date figures up to the third quarter, prepared in accordance with Indian Accounting Standard 34 "Interim Financial Reporting," subject to limited review. This does not modify the auditor’s opinion.
The report is signed by Tushar Kurani, Partner, with Membership No. 118580 and UDIN 24118580BKFLZM2975, for MSKA & Associates, Chartered Accountants, with ICAI Firm Registration No. 105047W, in Kolkata on May 24, 2024.
Statement of Audited Financial Results for the Quarter and Year Ended March 31, 2024 (in Lakhs):
Balance Sheet Highlights (as at March 31, 2024 & March 31, 2023 in Lakhs):
Statement of Cash Flow (Year Ended March 31, 2024 & March 31, 2023 in Lakhs):
Key Highlights from Notes to Financial Results:
Disclosure in compliance with Regulation 52(4):
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