Reply to Clarification- Financial results

Date: July 02, 2025 The Secretary The Secretary Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Bandra (E), Dalal Street, Mumbai-400001 Bandra Kurla Complex, Mumbai-400005 Scrip Code: 540952 Symbol: LAL Subject: Clarification on Financial results for the quarter and year ended on March 31, 2025. Dear Sir/Madam, With reference to captioned subject and pursuant to Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”), this is to inform you that the Company has duly re-submitted the Financial Results for the quarter and year ended on March 31, 2025 as per the format prescribed by the SEBI. A copy of the revised financial results along with the Audit Report issued by the Statutory Auditors of the Company is enclosed herewith and marked as “Annexure-A”. We request you to take this on record and to treat the same as compliance with the applicable provisions of the Listing Regulations. For and on the behalf of Lorenzini Apparels Limited Sandeep Jain Managing Director & CFO DIN: 02365790 MITTAL & ASSOCIATES , 03 Raylon Arcad 603, Raylon Arcade, CHARTERED ACCOUNTANTS Kondivita, JB nagar Andheri (East), Mumbai — 400059 | N D I A Tel: 8689958800 Email : audit@mittal-associates.com Independent Auditor’s Report on Audited Financial Results of LORENZINI APPARELS LIMITED for the quarter and year ended 31%March, 2025 pursuant to the Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as amended. The Board of Directors, LORENZINI APPARELS LIMITED Opinion We have audited the accompanying Statement of Financial Results of LORENZINI APPARELS LIMITED ('the Company') for the for the quarter and year ended 31 March, 2025 (‘the statement’), attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. In our opinion and to the best of our information and according to the explanations given to us, the Statement: i. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations and ii. gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ('Ind-AS') and other accounting principles generally accepted in India, of the net profit of the Company for the for the quarter and year ended 31% March, 2025. Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (SAs') specified under section 143(10) of the CompaniAects, 2013 (‘the Act'). Our responsibilities under those standards are further described in the ‘Auditor's Responsibilities for the Audit of the Statement’ 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 ('the ICAI') together with the ethical requirements that are relevant to our audit of the Financial Statements for the year ended 31t March 2025 under the provisions of the Act and the rules there under, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us, is sufficient and appropriate to provide a basis for our opinion. Empbhasis of Matter We draw attention to note no. 5 of the quarterly financial results, which outlines preferential issue of equity shares to the tune of 2,100 lakh, it's objective and utilisation thereof. The management of the Company has represented us that the company is in the process of deploying funds raised through share issuance towards the intended objectives. In the interim, undeployed funds have been invested in the equity market until they are fully utilized for their designated purposes. Our opinion is not modified in respect of this matter Responsibilities of Management and Board Of Directors for the Statement This Statement, which is the responsibility of the Company's Management and the Board of Director's and approved by the Board of Director's, has been prepared on the basis of financial statements. The Company's Board of Directors are responsible for the preparation and presentation of the Statement that gives a true and fair view of the net profit and other financial information of the Company in accordance with the accounting principles generally accepted in India, including Ind-AS prescribed under Section 133 of the Act, read with relevant rules issued there under and other accounting principles generally accepted in India, and in compliance with Regulation 33 of the Listing Regulations. 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 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 Statement that gives a true and fair view and is free from material misstatement, whether due to fraud or error. In preparing the Statement, the Management and Board of Directors are 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 the Board of Directors 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 Responsibilities for the Audit of the Statement Our objectives are to obtain reasonable assurance about whether the Statement as a whole is 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 Standards on Auditing, specified under section 143(10) of the Act, 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 this Statement. As part of an audit in accordance with the Standards on Auditing, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: e |dentify 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 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(i() o3f t)he Act, we are also responsible for expressing our opinion on whether the Company has in place adequate internal financial controls with reference to Financial Statements 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 the management. * Conclude on the appropriatene [Showing first 8,000 characters — download PDF for full document]