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Opinion
08. In our opinion to the best of our information and
according to the explanations given to us and based on
the consideration of the reports of the other Auditors
referred to in the Other matters paragraph below, Parent,
its subsidiary companies and joint venture company,
which are companies incorporated in India, have, in
all material respects, an adequate Internal Financial
Controls system over financial reporting and such Internal
Financial Controls over financial reporting were operating
effectively as at March 31, 2018, based on the internal
controls over financial reporting criteria established
by the respective companies considering the essential
components of internal controls stated in the Guidance
Note issued by the Institute of Chartered Accountants of
India.
Other Matters
09. Our aforesaid report under Section 143(3)(i) of the
Act on the adequacy and operating effectiveness of
the Internal Financial Controls over financial reporting
insofar as it relates to 30 subsidiary companies and a joint
operation, which are companies incorporated in India, is
based solely on the corresponding reports of the Auditors
of such companies incorporated in India.
Our opinion is not modified in respect of the above
matters.
For Deloitte Haskins & Sells LLP
Chartered Accountants
Firm Registration Number: 117366W | W-100018
Samir R. Shah
Mumbai
Partner
April 27, 2018
Membership Number: 101708