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a) We have sought and obtained all the information
îŠē ĚNJƎŕîŠîƥĿūŠƙ DžĺĿČĺ ƥū ƥĺĚ ċĚƙƥ ūlj ūƭƑ
knowledge and belief were necessary for
the purposes of our audit of the aforesaid
Consolidated Financial Statements.
b) In our opinion, proper books of account as required
by law relating to preparation of the aforesaid
Consolidated Financial Statements have been
ŒĚƎƥ ƙū ljîƑ îƙ Ŀƥ îƎƎĚîƑƙ ljƑūŞ ūƭƑ ĚNJîŞĿŠîƥĿūŠ ūlj
those books and the reports of the other Auditors.
c) TheConsolidatedBalanceSheet, theConsolidated
¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ ȳĿŠČŕƭēĿŠij ūƥĺĚƑ
comprehensive income), Consolidated Statement
of Cash Flows and Consolidated Statement of
changes in equity dealt with by this report are
in agreement with the relevant books of account
maintained for the purpose of preparation of the
Consolidated Financial Statements.
d) In our opinion, the aforesaid Consolidated
Financial Statements comply with the Ind AS
ƙƎĚČĿǛĚē ƭŠēĚƑ ¬ĚČƥĿūŠ ǧǩǩ ūlj ƥĺĚ ČƥȦ
e) On the basis of the written representations
received from the Directors of the Parent as on
March 31, 2019 taken on record by the Board
of Directors of the Parent and the reports of the
Statutory Auditors of its subsidiary companies
îŠē ŏūĿŠƥ DŽĚŠƥƭƑĚ ČūŞƎîŠNj ĿŠČūƑƎūƑîƥĚē ĿŠ TŠēĿîȡ
none of the Directors of the Group companies
îŠē ŏūĿŠƥ DŽĚŠƥƭƑĚ ČūŞƎîŠNj ĿŠČūƑƎūƑîƥĚē ĿŠ TŠēĿî
Ŀƙ ēĿƙƐƭîŕĿǛĚē îƙ ūŠ qîƑČĺ ǩǧȡ ǨǦǧǯ ljƑūŞ ċĚĿŠij
îƎƎūĿŠƥĚē îƙ î 'ĿƑĚČƥūƑ ĿŠ ƥĚƑŞƙ ūlj ¬ĚČƥĿūŠ ǧǬǪȳǨȴ
of the Act.
f) With respect to the adequacy of the internal
ǛŠîŠČĿîŕ ČūŠƥƑūŕƙ ūDŽĚƑ ǛŠîŠČĿîŕ ƑĚƎūƑƥĿŠij îŠē
the operating effectiveness of such controls,
ƑĚljĚƑ ƥū ūƭƑ ƙĚƎîƑîƥĚ ¤ĚƎūƑƥ ĿŠ ŠŠĚNJƭƑĚ ȡ
which is based on the Auditor’s reports of the
Parent company, subsidiary companies and a
ŏūĿŠƥ DŽĚŠƥƭƑĚ ČūŞƎîŠNj ĿŠČūƑƎūƑîƥĚē ĿŠ TŠēĿîȦ ~ƭƑ
ƑĚƎūƑƥ ĚNJƎƑĚƙƙĚƙ îŠ ƭŠŞūēĿǛĚē ūƎĿŠĿūŠ ūŠ ƥĺĚ
adequacy and operating effectiveness internal
ǛŠîŠČĿîŕ ČūŠƥƑūŕƙ ūDŽĚƑ ǛŠîŠČĿîŕ ƑĚƎūƑƥĿŠij ūlj ƥĺūƙĚ
companies, for the reasons state therein.
¤ĚƎūƑƥĿŠij ūŠ ƥĺĚ îēĚƐƭîČNj ūlj ĿŠƥĚƑŠîŕ ǛŠîŠČĿî
l
ČūŠƥƑūŕƙ ūDŽĚƑ ǛŠîŠČĿîŕ ƑĚƎūƑƥĿŠij ūlj ƥĺĚ ūŞƎîŠNj
and the operating effectiveness of such controls
ƭŠēĚƑ ¬ĚČƥĿūŠ ǧǪǩȳǩȴȳĿȴ ūlj ƥĺĚ Čƥ Ŀƙ Šūƥ îƎƎŕĿČîċŕĚ
ƥū ƥĺĚ ŏūĿŠ ūƎĚƑîƥĿūŠ ūlj ƥĺĚ HƑūƭƎȡ ƙƭČĺ ŏūĿŠƥ
operation being a Limited Liability Partnership.
g) With respect to the other matters to be included
in the Auditor’s Report in accordance with the
requirements of Section 197(16) of the Act, as
amended, in our opinion and to the best of our
ĿŠljūƑŞîƥĿūŠ îŠē îČČūƑēĿŠij ƥū ƥĺĚ ĚNJƎŕîŠîƥĿūŠƙ
given to us, the remuneration paid by the Parent
to its Directors during the year is in accordance
with the provisions of Section 197 of the Act.
h) With respect to the other matters to be included in
the Auditor’s Report in accordance with Rule 11 of
ƥĺĚ ūŞƎîŠĿĚƙ ȳ ƭēĿƥ îŠē ƭēĿƥūƑɄƙȴ ¤ƭŕĚƙȡ ǨǦǧǪȡ
as amended, in our opinion and to the best of our
ĿŠljūƑŞîƥĿūŠ îŠē îČČūƑēĿŠij ƥū ƥĺĚ ĚNJƎŕîŠîƥĿūŠƙ
given to us:
i.
The Consolidated Financial Statements
disclose the impact of pending litigations
ūŠ ƥĺĚ ČūŠƙūŕĿēîƥĚē ǛŠîŠČĿîŕ ƎūƙĿƥĿūŠ ūlj ƥĺĚ
HƑūƭƎ îŠē Ŀƥƙ ŏūĿŠƥ DŽĚŠƥƭƑĚ ČūŞƎîŠNjȦ
ĿĿȦ
¹ĺĚ HƑūƭƎ îŠē Ŀƥƙ ŏūĿŠƥ DŽĚŠƥƭƑĚ ČūŞƎîŠNj ēĿē
not have any material foreseeable losses
on long-term contracts including derivative
contracts.
iii. There has been no delay in transferring
amounts, required to be transferred, to the
Investor Education and Protection Fund by
the Parent, its subsidiary companies and
ŏūĿŠƥ DŽĚŠƥƭƑĚ ČūŞƎîŠNj ĿŠČūƑƎūƑîƥĚē ĿŠ TŠēĿîȦ
For Deloitte Haskins & Sells LLP
Chartered Accountants
Firm registration number: 117366W | W-100018
Mumbai,
Samir R. Shah
Partner
April 26, 2019
Membership number: 101708
Consolidated
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Independent Auditor’s Report
179