Chartered Accountants
One International Center
Tower 3, 27th-32nd Floor
Senapati Bapat Marg
Elphinstone Road (West)
Mumbai-400 013
Maharashtra, India
Tel: +91 22 6185 4000
Fax: +91 22 6185 4101
TO THE BOARD OF DIRECTORS OF
LAXMI ORGANIC INDUSTRIES LIMITED
1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results
of LAXMI ORGANIC INDUSTRIES LIMITED (“the Company”), for the quarter and six
months ended September 30, 2023 (“the Statement”), being submitted by the Company
pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended.
2. This Statement, which is the responsibility of the Company’s Management and approved
by the Company’s Board of Directors, has been prepared in accordance with the recognition
and measurement principles laid down in the Indian Accounting Standard 34 “Interim
Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act,
2013 read with relevant rules issued thereunder and other accounting principles generally
accepted in India. Our responsibility is to express a conclusion on the Statement based on
our review.
3. We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410 ‘Review of Interim Financial Information Performed by the
Independent Auditor of the Entity’, issued by the Institute of Chartered Accountants of
India (ICAI). A review of interim financial information consists of making inquiries,
primarily of the Company’s personnel responsible for financial and accounting matters, and
applying analytical and other review procedures. A review is substantially less in scope
than an audit conducted in accordance with Standards on Auditing specified under section
143(10) of the Companies Act, 2013 and consequently does not enable us to obtain
assurance that we would become aware of all significant matters that might be identified
in an audit. Accordingly, we do not express an audit opinion.
4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our
attention that causes us to believe that the accompanying Statement, prepared in
accordance with the recognition and measurement principles laid down in the aforesaid
Indian Accounting Standard and other accounting principles generally accepted in India,
has not disclosed the information required to be disclosed in terms of Regulation 33 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended,
including the manner in which it is to be disclosed, or that it contains any material
misstatement.
Regd. Office: One International Center, Tower 3, 32nd Floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India. (LLP
Identification No. AAB-8737)
5. The comparative financial information of the Company for the quarter ended June 30,
2023, corresponding quarter and six months ended September 30, 2022 and for the year
ended March 31, 2023 prepared in accordance with Ind AS included in this Statement has
been reviewed / audited by the predecessor auditor. The report of the predecessor auditor
on these comparative financial information dated July 28, 2023 for the quarter ended June
30, 2023, November 8, 2022 for the quarter and six months ended September 30, 2022
and May 12, 2023 for the year ended March 31, 2023 expressed an unmodified opinion /
conclusion.
Our conclusion is not modified in respect of this matter.
For DELOITTE HASKINS & SELLS LLP
Chartered Accountants
(Firm’s Registration No. 117366W/W-100018)
SAIRABEE Digitally signed by
SAIRABEE NAINAR
NAINAR RAWTHER
Date: 2023.10.26
RAWTHER 19:11:34 +05'30'
Saira Nainar
(Partner)
(Membership No. 040081)
(UDIN: 23040081BGWLVJ4951)
Place: Mumbai
Date: October 26, 2023
Digitally signed by RAVI VASUDEO GOENKA
DN: c=IN, o=PERSONAL,
RAVI VASUDEO pseudonym=ec854747449945a796988801d189d81b,
2.5.4.20=0e44b0467944768a82222fe9e438c4ff9851f926
24a58980cdb5f33c593f2d1a, postalCode=400036,
st=MAHARASHTRA,
GOENKA serialNumber=40890b1d0287f5596a7b532774539384ff
e3a792f781f0546659e0dc13ef5de3, cn=RAVI VASUDEO
GOENKA
Date: 2023.10.26 18:45:35 +05'30'
