Corporate Overview Statutory Reports Financial Statements 111 Referred to in paragraph 15 under ‘Report on Other legal and regulatory requirements’ section of our report of even date. To the best of our information and explanations provided to us by the Company and the books of account and records examined by us in the normal course of audit, we state that: 01. a) In respect of the property, plant and equipment and intangible assets of the Company: i. The Company has maintained proper records showing full particulars, including quantitative details and situation of property, plant and equipment (bearer plants, capital work-in-progress, investment properties and relevant details of right-of-use assets). ii. The Company has maintained proper records showing full particulars of intangible assets. b) The Company has a program of verification of property, plant and equipment, (bearer plants, capital work-in-progress, investment properties and right-of-use assets) so as to cover all the items in a phased manner once over a period of three years which, in our opinion, is reasonable having regards to size of the Company and nature of its assets. Pursuant to the program, certain property, plant, and equipment were due for verification during the year and were physically verified by the Management during the year. According to the information and explanations given to us, no material discrepancies were noticed on such verification. c) With respect to immovable properties (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the Company) disclosed in the Standalone Financial Statements included in investment properties, according to the information and explanations given to us and the records examined by us and based on the examination of the registered sale deed | transfer deed | conveyance deed provided to us, we report that, the title deeds of such immovable properties are held in the name of the Company as at the Balance Sheet date, except for the following: Annexure B to the Independent Auditor’s Report Particulars of land and building Carrying value as at March 31, 2024 (` cr) Held in the name of Whether promoter, Director or their relative or employee Held since Reason for not being held in the name of the Company Freehold land 6.63 Various individuals No January 23,2024 Subsequently name changes is completed on April 18, 2024 Freehold land 0.15 Atul Products Ltd No February 26, 1992 The Company has possession of the purchased land, and the name change applications are under review by government authorities. Freehold land 0.27 Various Individuals No December 21, 2019 An application for resurvey has been submitted for government review due to a 5% area disparity between the old and new records
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