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11. As required by Section 143 (3) of the Act, we report that:
a) We have sought and obtained all the information
and explanations which to the best of our knowledge
and belief were necessary for the purposes of our
audit.
b) In our opinion, proper books of account as required
by law have been kept by the Company so far as it
appears from our examination of those books.
c) The Balance Sheet, the Statement of Profit and
Loss (including Other Comprehensive Income), the
Statement of Cash Flows and the Statement of
changes in equity dealt with by this Report are in
agreement with the books of accounts.
d) In our opinion, the aforesaid Standalone Ind AS
Financial Statements comply with the Indian
Accounting Standards specified under Section 133
of the Act.
e) On the basis of the written representations received
from the Directors as on March 31, 2017 taken on
recordby the Boardof Directors, none of theDirectors
is disqualified as on March 31, 2017 from being
appointed as a Director in terms of Section 164 (2)
of the Act.
f)
With respect to the adequacy of the Internal
Financial Controls over financial reporting of
the Company and the operating effectiveness
of such controls, refer to our separate Report in
Annexure A.
g) With respect to the other matters to be included in
the Auditors’ Report in accordance with Rule 11 of
the Companies (Audit and Auditors) Rules, 2014,
in our opinion and to the best of our knowledge
and belief and according to the information and
explanations given to us:
i)
The Company has disclosed the impact, if any,
of pending litigations as at March 31, 2017 on
its financial position in its Standalone Ind AS
Financial Statements - refer Note 27.1.
ii) The Company has made a provision as at
March 31, 2017, as required under the
applicable law or Accounting Standards, for
material foreseeable losses, if any, 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 Company
during 2016-17.
iv) The Company has provided requisite
disclosures in the Financial Statements as to
holdings as well as dealings in Specified Bank
Notes during the period from November 08,
2016 to December 30, 2016. Based on audit
procedures and relying on the Management
representation we report that the disclosures
are in accordance with books of account
maintained by the Company and as produced
to us by the Management - refer Note 27.15.
For Dalal & Shah Chartered Accountants LLP
Firm Registration Number: 102020W | W-100040
S Venkatesh
Mumbai
Partner
May 05, 2017
Membership Number: 037942