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(e) As per notication No. G.S.R. 463 (E). dated 5th June' 2015 issued by Ministry of
Corporate Affairs, Provisions of section 164(2) of Companies Act 2013 is not
applicable to the Company, being a Government Company.

(f) With respect to the adequacy of the internal nancial controls over nancial reporting
of the Company with reference to these Standalone Financial Statement and the
operating effectiveness of such controls, refer to our separate Report in “Annexure C”.

(g) With respect to the other matters to be included in the Auditor's Report in accordance
with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, as amended, in our
opinion and to the best of our information and according to the explanations given to
us:

i. The Company has disclosed the impact of pending litigations on its nancial position
in its standalone nancial statements – Refer Note No. 40 to the standalone nancial
statements
ii. Company did not have any long-term contracts including derivative contracts for
which there were any material foreseeable losses.

iii. There were no amounts which were required to be transferred to the Investor
Education and Protection Fund by the Company.

(h) With respect to the matter to be included in the Auditors' Report under section 197(16)
of the Act, as amended:

As per notication No. G.S.R. 463 (E). dated 5th June' 2015 issued by Ministry of Corporate
Affairs, Provisions of section 197 of Companies Act 2013 is not applicable, being a
Government Company. Accordingly, the section 197(16) of the Act is not applicable to the
Company. The Ministry of Corporate Affairs has not prescribed other details under Section
197(16) which are required to be commented upon by us.
For V. K. Surana & Co.
Chartered Accountants
Firm Reg No.110634W

Sd/-
CA. Sudhir Surana
Partner
Nagpur, July 30, 2020 Membership No. 43414
UDIN- 20043414AAAACF6409

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