Investor Presentaiton
8.
MRP
Consolidated Financial Statements of which we are the independent
auditors. For the other entities included in the Consolidated
Financial Statements, which have been audited by other auditors,
such other auditors remain responsible for the direction, supervision
and performance of the audits carried out by them. We remain
solely responsible for our audit opinion.
We believe that the audit evidence obtained by us is sufficient
and appropriate to provide a basis for our audit opinion on the
Consolidated Financial Statements.
We communicate with those charged with governance regarding,
among other matters, the planned scope and timing of the audit and
significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.
We also provide those charged with governance with a statement
that we have complied with relevant ethical requirements regarding
independence, and to communicate with them all relationships
and other matters that may reasonably be thought to bear on our
independence, and where applicable, related safeguards.
From the matters communicated with those charged with
governance, we determine those matters that were of most
significance in the audit of the Consolidated Financial Statements
of the current year and are therefore the key audit matters. We
describe these matters in our auditor's report unless law or
regulation precludes public disclosure about the matter or when, in
extremely rare circumstances, we determine that a matter should not
be communicated in our report because the adverse consequences
of doing so would reasonably be expected to outweigh the public
interest benefits of such communication.
Other Matters
We did not audit the financial statements / financial information
of certain subsidiaries whose financial statements / financial
information reflect total assets of 345.66 Crores as at 31st March,
2023, total revenues of 434.73 Crores, total net profit/(Loss) after
tax of (47.27) Crores and net cash inflows of 24.52 Crores for the
year ended on that date, as considered in the Consolidated Financial
Statements. These financial statements / financial information have
been audited by other auditors whose reports have been furnished
9.
to us by the Management and our opinion on the Consolidated
Financial Statements, in so far as it relates to the amounts and
disclosures included in respect of these subsidiaries and our report
in terms of sub-section (3) and (11) of Section 143 of the Act, in so
far as it relates to the aforesaid subsidiaries is based solely on the
reports of the other auditors.
Our opinion on the Consolidated Financial Statements, and our
report on Other Legal and Regulatory Requirements below, is not
modified in respect of the above matters with respect to our reliance
on the work done and the reports of the other auditors.
Report on Other Legal and Regulatory Requirements
9.1 As required by Section 143(3) of the Act, based on our audit, we
report that:
a)
b)
c)
d)
e)
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 of the aforesaid
Consolidated Financial Statements.
In our opinion, proper books of account as required by
law relating to preparation of the aforesaid Consolidated
Financial Statements have been kept so far as it appears from
our examination of those books and the reports of the other
auditors.
The Consolidated Balance Sheet, the Consolidated Statement
of Profit and Loss, the Consolidated Statement of Changes in
Equity and the Consolidated Cash Flow Statement 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.
In our opinion, the aforesaid Consolidated Financial
Statements comply with the Indian Accounting Standards
prescribed under section 133 of the Act read with Rule 7 of
the Companies (Accounts) Rules, 2014.
On the basis of the written representations received from
the directors of the Holding Company as on 31st March,
2023 taken on record by the Board of Directors of the
Holding Company and the reports of the statutory auditors
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