Page 254 - KRCL ENglish

(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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