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(a)  We have sought and obtained all the information and explanations which to the best of
                    our  knowledge  and  belief  were  necessary  for  the  purposes  of  our  audit  of  the
                    aforesaid consolidated nancial statements.
              (b)  In our opinion, proper books of account as required by law have been kept relating to
                    preparation of the aforesaid consolidated nancial statements have been kept so far
                    as it appears from our examination of those books and the report of the other auditor.


              (c)  The  consolidated  Balance  Sheet,  the  consolidated  Statement  of  Prot  and  Loss
                    (including other comprehensive income), the consolidated Statement of Changes in
                    Equity and the consolidated Cash Flow Statement dealt with by this Report are in
                    agreement with the books of account maintained for the purpose of preparation of the
                    consolidated nancial statements.


              (d)  In our opinion, the aforesaid consolidated nancial statements comply with the Ind AS
                    specied under Section 133 of the Act read with relevant rules.


              (e)  In respect of the associate company, the going concern matter described in under
                    material uncertainty related to going concern paragraph above, in our opinion, may
                    have an adverse effect on the functioning of the associate company.


              (f)   In respect of the Holding company, provisions of section 164(2) of Companies Act
                    2013  is  not  applicable  to  the  Company,  being  a  Government  Company  as  per
                    notication No. G.S.R. 463 (E). dated 5th June' 2015 issued by Ministry of Corporate
                    Affairs.
                   In respect of Associate Company, On the basis of the written representations received
                    from the directors of the Holding Company as on 31st March, 2020 taken on record by
                    the Board of Directors of the Holding Company and the report of statutory auditor of
                    the associate company incorporated in India, none of the directors of the its associate
                    company is disqualied as on 31st March, 2020 from being appointed as a director in
                    terms of Section 164(2) of the Act.


              (g)  With respect to the adequacy of the internal nancial controls over nancial reporting
                    of the Holding Company and its associate company incorporated in India and the
                    operating effectiveness of such controls, refer to our separate Report in “Annexure B”.


              (h)  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




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