1. We have audited the accompanying statement of standalone financial results of M/s Kisaan ParivarIndustries Limited (formerly known as Richirich Inventures Limited) (“the Company”) for the quarter endedMarch 31, 2025 and the year-to-date results for the period from 1 April 2024 to 31 March 2025 (“theStatement”), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).
2. In our opinion and to the best of our information and according to the explanations given to us, the aforesaidStatement:
2.1. are presented in accordance with the requirements of the Listing Regulations in this regard; and
2.2. give a true and fair view in conformity with the recognition and measurement principles laid down in theapplicable Indian accounting standards (“Ind AS”) and other accounting principles generally accepted inIndia, of the net profit and other comprehensive income and other financial information for the quarter ended31 March 2025 and the year-to-date results for the period from 1 April 2024 to 31 March 2025.
3. We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under section143(10) of the Companies Act, 2013 (“the Act”). Our responsibilities under those SAs are further describedin the Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. Weare independent of the Company in accordance with the Code of Ethics issued by the Institute of CharteredAccountants of India together with the ethical requirements that are relevant to our audit of the financialstatements under the provisions of the Act and the rules there under, and we have fulfilled our other ethicalresponsibilities in accordance with these requirements and the Code of Ethics. We believe that the auditevidence obtained is sufficient and appropriate to provide a basis for our opinion.
4. The Statement has been prepared on the basis of the standalone annual financial statements. TheCompany's Board of Directors are responsible for the preparation and presentation of the Statement thatgive a true and fair view of the net profit and loss and other comprehensive income and other financialinformation in accordance with the recognition and measurement principles laid down in Ind AS prescribedunder Section 133 of the Act and other accounting principles generally accepted in India and in compliancewith the Listing Regulations. This responsibility also includes maintenance of adequate accounting recordsin accordance with the provisions of the Act for safeguarding of the assets of the Company and forpreventing and detecting frauds and other irregularities; selection and application of appropriate accountingpolicies; making judgments and estimates that are reasonable and prudent; and design, implementationand maintenance of adequate internal financial controls that were operating effectively for ensuring theaccuracy and completeness of the accounting records, relevant to the preparation and presentation of theStatement that give a true and fair view and are free from material misstatement, whether due to fraud orerror.
5. In preparing the Statement, the Board of Directors are responsible for assessing the Company's ability tocontinue as a going concern, disclosing, as applicable, matters related to going concern and using the goingconcern basis of accounting unless the Board of Directors either intends to liquidate the Company or tocease operations, or has no realistic alternative but to do so.
6. The Board of Directors are also responsible for overseeing the Company's financial reporting process.
7. Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free frommaterial misstatement, whether due to fraud or error, and to issue an auditor's report that includes ouropinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conductedin accordance with SAs will always detect a material misstatement when it exists. Misstatements can arisefrom fraud or error and are considered material if, individually or in the aggregate, they could reasonably beexpected to influence the economic decisions of users taken on the basis of the Statement.
8. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professionalscepticism throughout the audit. We also:
8.1. Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error,design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficientand appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resultingfrom fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentionalomissions, misrepresentations, or the override of internal control.
8.2. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that areappropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressingour opinion through a separate report on the complete set of standalone financial statements on whether theCompany has adequate internal financial controls with reference to standalone financial statements inplace and the operating effectiveness of such controls.
8.3. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimatesand related disclosures made by the Board of Directors.
8.4. Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accountingand, based on the audit evidence obtained, whether a material uncertainty exists related to events orconditions that may cast significant doubt on the Company's ability to continue as a going concern. If weconclude that a material uncertainty exists, we are required to draw attention in our auditor's report to therelated disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Ourconclusions are based on the audit evidence obtained up to the date of our auditor's report. However, futureevents or conditions may cause the Company to cease to continue as a going concern.
8.5. Evaluate the overall presentation, structure and content of the Statement, including the disclosures, andwhether the Statement represents the underlying transactions and events in a manner that achieves fairpresentation.
9. We communicate with those charged with governance regarding, among other matters, the planned scopeand timing of the audit and significant audit findings, including any significant deficiencies in internal controlthat we identify during our audit.
10. We also provide those charged with governance with a statement that we have complied with relevantethical requirements regarding independence, and to communicate with them all relationships and othermatters that may reasonably be thought to bear on our independence, and where applicable, relatedsafeguards.
11. The Statement includes the results for the quarter ended 31 March 2025 being the balancing figure betweenthe audited figures in respect of the full financial year and the published unaudited year to date figures up tothe third quarter of the current financial year which were subject to limited review by us. Our opinion is notmodified in respect of this matter
12. The Statement includes the unaudited results for the quarter ended 31 March 2025 being the balancingfigure between the audited figures in respect of the full financial year and the management accounts for thenine months ended 31 December 2024, which was not subject to audit and limited review. Our opinion is notmodified in respect of this matter.
1. As required by the Companies (Auditor's Report) Order, 2020 (“the Order”) issued by the CentralGovernment of India in terms of sub-section (11) of section 143 of the Act (“the Order”), and on the basis ofsuch checks of the books and records of the company as we considered appropriate and according to theinformation and explanations given to us, we give in the Annexure A, a statement on the matters specified inthe paragraph 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 andbelief were necessary for the purposes of our audit.
(b) In our opinion, proper books of account as required by law have been kept by the Company so far as itappears from our examination of those books.
(c) The Balance Sheet, the Statement of Profit and Loss (including other comprehensive income), the CashFlow Statement and the statement of changes in equity dealt with by this Report are in agreement with thebooks of account.
(d) In our opinion, the aforesaid Ind AS financial statements comply with the Accounting Standards specifiedunder Section 133 of the Act.
(e) On the basis of the written representations received from the directors as on 31st March, 2025 taken onrecord by the Board of Directors, none of the directors is disqualified as on 31st March, 2025 from beingappointed 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 andoperating effectiveness of such controls, refer to our separate report in “Annexure B”.
(g) With respect to the other matters to be included in the Auditor's Report in accordance with Rule 11 of theCompanies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and accordingto 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 anymaterial foreseeable losses.
iii. There were no amounts which were required to be transferred to the Investor Education and ProtectionFund by the Company.
iv. The reporting on disclosure relating to Specified Bank Notes is not applicable to the Company for
Chartered Accountants
Firm’s Registration Number: 012325S
Y Sankar
Partner
Membership Number: 229134
UDIN: 25229134BMJRPP3255
Date: 26/05/2025