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Integrated Report Statutory Reports Financial Statements
1-59 60-146 Standalone

to Standalone Financial Statements include those policies and Inherent Limitations of Internal Financial
procedures that (1) pertain to the maintenance of records that, in controls with Reference to Standalone Financial
reasonable detail, accurately and fairly reflect the transactions and Statements
dispositions of the assets of the company; (2) provide reasonable Because of the inherent limitations of internal financial controls with
assurance that transactions are recorded as necessary to permit reference to Standalone Financial Statements, including the possibility
preparation of Standalone Financial Statements in accordance with of collusion or improper management override of controls, material
generally accepted accounting principles, and that receipts and misstatements due to error or fraud may occur and not be detected.
expenditures of the company are being made only in accordance Also, projections of any evaluation of the internal financial controls
with authorizations of management and directors of the company; with reference to Standalone Financial Statements to future periods
and (3) provide reasonable assurance regarding prevention or are subject to the risk that the internal financial controls with reference
timely detection of unauthorized acquisition, use, or disposition to Standalone Financial Statements may become inadequate because
of the company’s assets that could have a material effect on the of changes in conditions, or that the degree of compliance with the
Standalone Financial Statements. policies or procedures may deteriorate.

For B S R & Co. LLP
Chartered Accountants
Firm’s Registration No. 101248W/W-100022
Vijay Mathur
Partner
Mumbai Membership No: 046476
May 03, 2021 UDIN: 21046476AAAACR4608

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