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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, 2017, based on the internal
control over financial reporting criteria established by
the Company considering the essential components of
internal control stated in the Guidance Note on Audit of
Internal Financial Controls over financial reporting issued
by the Institute of Chartered Accountants of India.
Other matters
09. Our aforesaid reports under Section 143(3)(i) of the
Act on the adequacy and operating effectiveness of the
Internal Financial Controls over financial reporting in so
far as it relates to 32 subsidiary companies, and 1 joint
venture company, which are companies incorporated
in India, is based on the corresponding reports of the
Auditors of such companies incorporated in India. Our
opinion is not qualified in respect of this matter.
For Dalal & Shah Chartered Accountants LLP
Firm Registration Number: 102020W | W-100040
S Venkatesh
Mumbai
Partner
May 05, 2017
Membership Number: 037942