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Integrated report Statutory reportS Financial StatementS
Standalone

procedures that (1) pertain to the maintenance of records that, in the possibility of collusion or improper management override of
reasonable detail, accurately and fairly reflect the transactions and controls, material misstatements due to error or fraud may occur
dispositions of the assets of the company; (2) provide reasonable and not be detected. Also, projections of any evaluation of the
assurance that transactions are recorded as necessary to permit internal financial controls with reference to Standalone Financial
preparation of Standalone Financial Statements in accordance with Statements to future periods are subject to the risk that the
generally accepted accounting principles, and that receipts and internal financial controls with reference to Standalone Financial
expenditures of the company are being made only in accordance Statements may become inadequate because of changes in
with authorizations of management and directors of the company; conditions, or that the degree of compliance with the policies or
and (3) provide reasonable assurance regarding prevention or procedures may deteriorate.
timely detection of unauthorized acquisition, use, or disposition
of the company’s assets that could have a material effect on the For B S R & Co. LLP
Standalone Financial Statements. Chartered Accountants
Firm’s Registration No: 101248W/ W-100022
Inherent Limitations of Internal Financial
Controls with Reference to Standalone Financial Vijay Mathur
Statements Partner

Because of the inherent limitations of internal financial controls Mumbai Membership No: 046476
with reference to Standalone Financial Statements, including May 15, 2020 uDIN : 20046476AAAABR1367

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