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Report on other Legal and Regulatory Requirements (h) with respect to the other matters to be included in
the Auditors’ Report in accordance with Rule 11 of
1. As required by the Companies (Auditor’s Report) Order, 2016
the Companies (Audit and Auditors) Rules, 2014, in
(‘the Order’), issued by the Central Government of India in
our opinion and to the best of our information and
terms of sub-section (11) of Section 143 of the Act, we give
according to the explanations given to us:
in “Annexure A”, a statement on the matters specified in the
paragraphs 3 and 4 of the Order. i. the Company has disclosed the impact of
pending litigations on its financial position in
2. As required by sub-section (3) of Section 143 of the Act, we
its standalone Ind AS financial statements –
report that:
Refer Note 41 to the standalone Ind AS financial
(a) we have sought and obtained all the information and statements;
explanations, which to the best of our knowledge and
ii. the Company has made provision, as required
belief, were necessary for the purposes of our audit;
under the applicable law or accounting standards,
(b) we have sought and obtained all the information and for material foreseeable losses, if any, on long-
explanations, which to the best of our knowledge and term contracts including derivative contracts -
belief, were necessary for the purposes of our audit; Refer Note 17 and 36 to the standalone Ind AS
financial statements;
(c) in our opinion, proper books of account as required by
law have been kept by the Company so far as it appears iii. there has been no delay in transferring amounts,
from our examination of those books; required to be transferred, to the Investor
Education and Protection Fund by the Company
(d) the balance sheet, the statement of profit and loss
during the year ended 31 March, 2018; and
(including other comprehensive income), the statement
of changes in equity and the statement of cash flows iv. The disclosures in the standalone Ind AS financial
dealt with by this report are in agreement with the statements regarding holdings as well as dealings
books of account; in specified bank notes during the period from
8 November, 2016 to 30 December, 2016 have
(e) in our opinion, the aforesaid standalone Ind AS financial
not been made since they do not pertain to the
statements comply with the Indian Accounting
financial year ended 31 March, 2018.
Standards (Ind AS) prescribed under Section 133 of the
Act, read with relevant rules issued thereunder;
(f) on the basis of the written representations received For B S R & Co. LLP
from the directors as on 31 March, 2018 taken on record Chartered Accountants
by the board of directors, none of the directors are Firm’s Registration No: 101248W/W-100022
disqualified as on 31 March, 2018 from being appointed

as a director in terms of sub-section (2) of Section 164 of
the Act;
(g) with respect to the adequacy of the internal financial Vijay Mathur
controls with reference to financial statements of the Mumbai Partner
Company and the operating effectiveness of such 18 May, 2018 Membership No: 046476
controls, refer to our separate Report in “Annexure B”;
and

136 Annual Report 2017-18