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

controls with reference to Consolidated Financial Statements Inherent Limitations of Internal Financial controls
include those policies and procedures that (1) pertain to the with Reference to Consolidated Financial
maintenance of records that, in reasonable detail, accurately and Statements
fairly reflect the transactions and dispositions of the assets of the Because of the inherent limitations of internal financial controls
company; (2) provide reasonable assurance that transactions are with reference to Consolidated Financial Statements, including
recorded as necessary to permit preparation of Consolidated the possibility of collusion or improper management override of
Financial Statements in accordance with generally accepted controls, material misstatements due to error or fraud may occur
accounting principles, and that receipts and expenditures of the and not be detected. Also, projections of any evaluation of the
company are being made only in accordance with authorizations internal financial controls with reference to Consolidated Financial
of management and directors of the company; and (3) provide Statements to future periods are subject to the risk that the
reasonable assurance regarding prevention or timely detection internal financial controls with reference to Consolidated Financial
of unauthorized acquisition, use, or disposition of the company’s Statements may become inadequate because of changes in
assets that could have a material effect on the Consolidated conditions, or that the degree of compliance with the policies or
Financial Statements. 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 3, 2021 UDIN: 21046476AAAACT2360

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