Page 249 - KRCL ENglish

Other Matters

1. In respect of Holding Company, the COVID 19 induced restrictions on physical
movement and strict timelines, the entire audit team could not visit the audit place for
undertaking the required audit procedures as prescribed under ICAI issued
Standards on Auditing, including but not limited to:
• Inspection, observation, examination and verication of the original documents
/ les.

• Physical verication of cash, Inventories, Original xed deposit receipts, original
copies of investments, including adequate internal controls thereof.

• Verication of original sanction letters of loans obtained by the bank, bank
records, etc.

• Observation with regard to access controls and data security.

The above audit procedures was conducted during the limited review of the Company
for the half year ended 30th Septermber'2019 and we do not found any material
misstatement during such verication. Further the management has provided us with
the scanned copies of the relevant documents and records required for the purpose
of our statutory audit and we have obtained sufcient appropriate audit evidence
which is required in forming our opinion.

Our opinion is not modied in respect of the above matter.

2. The consolidated nancial statements also include the Holding Company's share of
Total prot after comprehensive income of Rs. 0.01 Crores for the year ended 31st
March, 2020, as considered in the consolidated nancial statements, in respect of
one associate – Jaigarh Digni Rail Limited, whose nancial statements have not been
audited by us.
These nancial statements have been audited by other auditor whose report has been
furnished to us by the Management and our opinion on the consolidated nancial
statements, in so far as it relates to the amounts and disclosures included in respect of
this associate, and our report in terms of sub-section (3) of Section 143 of the Act, in
so far as it relates to the aforesaid associate, is based solely on the report of the other
auditor.

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