Om Freight Forwarders Ltd. இன் முடிவுகள்

We have audited the accompanying Standalone
Financial Statements of Om Freight Forwarders Limited
("the company") which comprise the Balance Sheet as
at March 31, 2026, the Statement of Profit and Loss
(including Other Comprehensive Income), Statement of
Changes in Equity and Statement of Cash flows for the
year then ended and notes to the financial statements,
including a summary of material accounting policies
and other explanatory information.

In our opinion and to the best of our information and

according to the explanations given to us, the aforesaid
standalone financial statements give the information
required by the Companies Act, 2013 (the "Act") in the
manner so required and give a true and fair view in
conformity with the Indian Accounting Standards
prescribed under section 133 of the Act, ("Ind AS") and
other accounting principles generally accepted in
India, of the state of affairs of the Company as at March
31, 2026, its profit and other comprehensive income, its
cash flows and the changes in equity for the year ended
on that date.

BASIS FOR OPINION

We conducted our audit in accordance with the
Standards on Auditing (SAs) 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
report. We are independent of the Company in
accordance with the Code of Ethics issued by the
Institute of Chartered Accountants of India together with

KEY AUDIT MATTERS

Key audit matters are those matters that, in our
professional judgment, were of most significance in our
audit of the standalone financial statements of the

the ethical requirements that are relevant to our audit of
the standalone financial statements under the provisions
of the Companies Act, 2013 and the Rules thereunder,
and we have fulfilled our other ethical 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.

current period. We have determined that there are no
key audit matters to communicate in our report.

INFORMATION OTHER THAN THE FINANCIAL STATEMENTS AND AUDITOR''S REPORT THEREON

The Company''s Board of Directors is responsible for the
preparation of the other information. The other
information comprises the information included in the
Annual Report but does not include the Financial
Statements and our auditor''s report thereon. These
reports are expected to be made available to us after
the date of our auditor''s report.

Our opinion on the 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 standalone financial
statements, our responsibility is to read the other
information identified above when it becomes available
and, in doing so, consider whether the other information
is materially inconsistent with the financial statements or
our knowledge obtained in the audit or otherwise
appears to be materially misstated.

When we read the Other Information if we conclude
that there is a material misstatement therein, we are
required to communicate the matter to those charged

with governance and take appropriate actions
necessitated by the circumstances and the applicable

OTHER MATTERS

As disclosed in Note 41 to the standalone financial
statement, the company holds an investment in a
Norway-based entity. During the year ended, the said
entity divested its assets and remitted the first tranche of
the sale proceeds to the Company, which has
accordingly been recognized under "Liabilities directly
associated with assets classified as held for sale." The
balance consideration is expected to be received in the
forthcoming months, upon receipt of which the

laws and regulations. We have nothing to report in this
regard.

transaction shall be recognized as a Sale of Investment.
Pending such receipt, the investment continues to be
classified as an "Asset held for sale." The investment has
been measured at Net Realizable Value, and the
resultant loss of Rs.3.63 crore has been recognized in
Other Comprehensive Income.

Our opinion is not modified in respect of these matters.

RESPONSIBILITIES OF MANAGEMENT AND THOSE CHARGED WITH GOVERNANCE FOR THE
STANDALONE FINANCIAL STATEMENTS

The Company''s Board of Directors is responsible for the
matters stated in section 134(5) of the Companies Act,
2013 ("the Act") with respect to the preparation of these
standalone financial statements that give a true and fair
view of the financial position, financial performance,
including other comprehensive income, changes in
equity and cash flows of the Company in accordance
with accounting principles generally accepted in India,
including Indian Accounting Standards (Ind AS)
prescribed under section 133 of the Act read with the
Companies (Indian Accounting Standards) Rules, 2015,
as amended. This responsibility also includes
maintenance of adequate accounting records in
accordance with the provisions of the Act for
safeguarding of the assets of the Company and for
preventing and detecting frauds and other irregularities;
selection and application of appropriate
implementation and maintenance of accounting
policies; making judgments and estimates that are
reasonable and prudent; and design, implementation
and maintenance of adequate internal financial
controls that were operating effectively for ensuring the
accuracy and completeness of the accounting records,
relevant to the preparation and presentation of the
standalone financial statement that give a true and fair
view and are free from material misstatement, whether
due to fraud or error.

In preparing the standalone financial statements,
management is responsible for assessing the
Company''s ability to continue as a going concern,
disclosing, as applicable, matters related to going
concern and using the going concern basis of
accounting unless management either intends to
liquidate the Company or to cease operations, or has
no realistic alternative but to do so.

The Board of Directors are also responsible for
overseeing the company''s financial reporting process.

AUDITOR''S RESPONSIBILITY FOR THE AUDIT OF THE STANDALONE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance
about whether the standalone financial statements as a
whole are free from material misstatement, whether due
to fraud or error, 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 a
material misstatement when it exists. Misstatements can
arise from fraud or error and are considered material if,

individually or in the aggregate, they could reasonably
be expected to influence the economic decisions of
users taken on the basis of these standalone financial
statements.

As part of an audit in accordance with SAs, we exercise
professional judgment and maintain professional
skepticism throughout the audit. We also:

• 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 that is sufficient and
appropriate to provide a basis for our opinion. The
risk of not detecting a material misstatement
resulting from fraud is higher than for one resulting
from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the
override of internal control.

• 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 internal financial controls system in
place and the operating effectiveness of such
controls.

• Evaluate the appropriateness of accounting
policies used and the reasonableness of accounting
estimates and related disclosures made by
management.

• Conclude on the appropriateness of management''s
use of the going concern basis of accounting and,
based on the audit evidence obtained, whether a
material uncertainty exists related to events or
conditions that may cast significant doubt on the
Company''s ability to continue as a going concern.
If we conclude that a material uncertainty exists, we
are required to draw attention in our auditor''s
report to the related disclosures in the standalone
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 to 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
standalone financial statements represent the
underlying transactions and events in a manner that
achieves fair presentation.

Materiality is the magnitude of the misstatement in the
financial statement that, individually or in aggregate,
makes it probable that the economic decisions of a
reasonably knowledgeable user of the statement may
be influenced. We consider quantitative materiality and
qualitative factors in; (i) planning the scope of our audit
work and evaluating the results of our work; and (ii) to
evaluate the effects of any identified misstatements in
the statement.

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
that we identify during our audit.

We also provide those charged with governance with a
statement that we have complied with relevant ethical
requirements regarding independence, and to
communicate with them all relationships and other
matters that may reasonably be thought to bear on our
independence, and where applicable, related
safeguards.

From the matters communicated with those charged with
governance, we determine those matters that were of
most significance in the audit of the standalone 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 REGULATORY REQUIREMENTS

1. As required by the Companies (Auditors'' Report)
Order, 2020 ("the Order") issued by the Central
Government of India in terms of sub-section (11) of
Section 143 of the Act, we give in the "Annexure 1", a
statement on the matters specified in paragraphs 3 and

4 of the Order, to the extent applicable.

2. As required by section 143(3) of the Act, we further
report that:

a) We have sought and obtained all the information
and explanations which to the best of our knowledge
and 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
appears from our examination of those books;

c) The Balance Sheet, the Statement of Profit and Loss
(including Other Comprehensive Income), Statement of
Changes in Equity and Statement of Cash flows are in
agreement with the books of account;

d) In our opinion, the aforesaid Ind AS financial
statements comply with the applicable Accounting
Standards specified under Section 133 of the Act, read
with Rule 7 of the Companies (Accounts) Rules, 2014;

e) On the basis of written representations received from
the directors as on March 31, 2026, and taken on
record by the Board of Directors, none of the directors is
disqualified as on March 31, 2026, from being
appointed as a director in terms of section 164(2) of the
Act;

f) With respect to adequacy of the internal financial
controls over financial reporting of the Company and
the operating effectiveness of such controls, refer to our
separate Report in "Annexure 2".

g) In our opinion and to the best of our information and
according to the explanations given to us, we report as
under with respect to other matters to be included in the
Auditor''s Report in accordance with Rule 11 of the
Companies (Audit and Auditors) Rules, 2014:

i. The Company does not have any pending litigation
which would impact its financial position except for
those disclosed in Note 37 - Contingent Liabilities.

ii. The Company did not have any long-term contracts
including derivative contracts; as such the question of
commenting on any material foreseeable losses thereon
does not arise.

iii. There has not been an occasion in case of the
Company during the year under report to transfer any
sums to the Investor Education and Protection Fund. The
question of delay in transferring such sums does not

arise.

iv. (a) The management has represented that, to the best
of its knowledge and belief, other than as disclosed in
the notes to the accounts, no funds have been
advanced or loaned or invested (either from borrowed
funds or share premium or any other sources or kind of
funds) by the company to or in any other person or
entity, including foreign entities ("Intermediaries"), with
the understanding, whether recorded in writing or
otherwise, that the intermediary shall, whether, directly
or indirectly lend or invest in other persons or entities
identified in any manner whatsoever by or on behalf of
the company ("Ultimate Beneficiaries") or provide any
guarantee, security or the like on behalf of the Ultimate
Beneficiaries;

(b) The management has represented, that, to the best of
its knowledge and belief, other than as disclosed in the
notes to the accounts, no funds have been received by
the company from any person or entity, including
foreign entities ("Funding Parties"), with the
understanding, whether recorded in writing or
otherwise, that the company shall, whether, directly or
indirectly, lend or invest in other persons or entities
identified in any manner whatsoever by or on behalf of
the Funding Party ("Ultimate Beneficiaries") or provide
any guarantee, security or the like on behalf of the
Ultimate Beneficiaries; and

(c) Based on audit procedures which we considered
reasonable and appropriate in the circumstances,
nothing has come to their notice that has caused them to
believe that the representations under sub- clause (i)
and (ii) contain any material mis-statement.

v. The Company has not declared or paid any dividend
during the year, the question of commenting on whether
dividend declared or paid is in accordance with Section
123 of the Companies Act, 2013 does not arise.

vi. Based on our examination, which included test
checks, the Company has used accounting software for
maintaining its books of account for the financial year
ended March 31, 2026 which has a feature of
recording audit trail (edit log) facility and the same has
operated throughout the year for all relevant
transactions recorded in the software. Further, during
the course of our audit we did not come across any

instance of the audit trail feature being tampered with.
Further the audit trail has been preserved by the
Company as per the statutory requirements for record
retention.

vii. In our opinion and according to the information and
explanations given to us, the remuneration paid by the
Company to its directors during the current year is in
accordance with the provisions of Section 197 of the
Act.