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Integrated report Statutory reportS Financial StatementS
Consolidated

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

Because of the inherent limitations of internal financial controls Mumbai Membership no: 046476
with reference to Consolidated Financial Statements, including May 15, 2020 udIn : 20046476aaaaBS5857

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