Corporate Overview Statutory Reports Financial Statements 189 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. c) Based on the audit procedures that has been considered reasonable and appropriate in the circumstances performed by us and those performed by the Auditors of the subsidiary companies which are companies incorporated in India whose Financial Statements have been audited under the Act, nothing has come to our or other Auditor’s notice that has caused us or the other Auditors to believe that the representations under Sub-clause (i) and (ii) of Rule 11(e), as provided under (a) and (b) above, contain any material misstatement. iv. As stated in Note no. 30.15 to the Consolidated Financial Statements a) The final dividend proposed in the previous year, declared and paid by the Parent during the year is in accordance with Section 123 of the Act, as applicable. b) The Board of Directors of the Parent have proposed final the final dividend for the year which is subject to the approval of the members at the ensuing Annual General Meeting. The amount of dividend proposed declared is in accordance with Section 123 of the Act, as applicable. v. Based on our examination which included test checks, and based on the other auditor’s reports of its subsidiary companies, associate company and joint venture company incorporated in India whose Financial Statements have been audited under the Act, except for the instances mentioned below, the Parent, its subsidiary companies, associate company and joint venture company have used accounting software for maintaining their respective books of account for the year ended March 31, 2024, 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: (a) In respect of Parent, 31 subsidiary companies and one associate company: for one accounting software, audit trail featurewas not enabled at the database level to log any direct changes, and (b) In respect of three subsidiary companies and one joint venture company: for two accounting software, audit trail feature was not enabled at the database level to log any direct changes. F urther, during the course of our audit, we did not come across any instance of audit trail feature being tampered with, in respect of accounting software for which the audit trail feature was operating. (Refer Note 30.21 to the Consolidated Financial Statements). A s proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 is applicable from April 1, 2023, reporting under Rule 11 (g) of the Companies (Audit and Auditors) Rules, 2014 on the preservation of audit trail as per the statutory requirements for record retention is not applicable for the financial year ended March 31, 2024. 18. With respect to the matters specified in paragraphs 3(xxi) and 4 of the Companies (Auditor’s Report ) Order, 2020 (the Order) issued by the Central Government in terms of Section 143(11) of the Act, to be included in the Auditor’s Report, according to the information and explanations given to us, and based on the CARO reports issued by the Auditors of the subsidiary companies and a joint venture company included in the Consolidated Financial Statements of the Parent, to which reporting under CARO is applicable, provided to us by the Management of the Parent and based on the identification of matters of qualifications or adverse remarks in their CARO reports by the respective component Auditors and provided to us, we report that there are no qualifications or adverse remarks by the respective Auditors in the CARO reports of the said companies included in the Consolidated Financial Statements. For Deloitte Haskins & Sells LLP Chartered Accountants Firm registration number: 117366W|W-100018 Ketan Vora Partner Mumbai Membership Number: 100459 April 26, 2024 UDIN: 24100459BKFASJ6210
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