Arvind & Associates, Chartered Accountants, were appointed as auditors of Stellar Appliances Ltd. for the financial year ended 31st March 2025.…

As per SA 560 “Subsequent Events", the auditor shall perform audit procedures to obtain sufficient appropriate audit evidence that all events occurring between the date of financial statements and the date of auditor's report requiring adjustment or disclosure have been identified. The auditor shall take into account the risk assessment and perform the following procedures: (i) Obtaining an understanding of any procedures management has established to ensure that subsequent events are identified. (ii) Inquiring of management and, where appropriate, those charged with governance as to whether any subsequent events have occurred which might affect the financial statements. (iii) Reading minutes, if any, of the meetings, of the entity's owners, management and those charged with governance, that have been held after the date of the financial statements and inquiring about matters discussed at any such meetings for which minutes are not yet available. (iv) Reading the entity's latest subsequent interim financial statements, if any. Considering the dynamic environment and significant post year-end developments, the auditor must carefully perform the above procedures to ensure proper identification and treatment of subsequent events. Failure to do so may result in material misstatements in the financial statements.