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ANNUAL REPORT 2018 - 2019
INDEPENDENT AUDITORS' REPORT

TOTHEMEMBERSOFAMINES&PLASTICIZERSLIMITED

ReportontheAuditofConsolidatedFinancialStatements
Opinion

1. We have audited the accompanying consolidated financial statements of Amines & Plasticizers Limited (“the
Holding Company”) and its subsidiaries (the Holding Company and its subsidiaries together referred to as ‘the
Group’),whichcomprisetheConsolidated BalanceSheetasatMarch31,2019,theConsolidatedStatementofProfit
and Loss (including other comprehensive income), the Consolidated Statement of Cash Flows and the
Consolidated Statement of Changes in Equity for the year then ended,and including a summary of the significant
accountingpoliciesandotherexplanatoryinformation.
2. In our opinion and to the best of our information and according to the explanations given to us and based on the
consideration of the reports of the other auditors on separate financial statements and on the other financial
information of the subsidiaries,the aforesaid consolidated financial statements give the information required by
the Companies Act,2013 (the‘Act’) in the manner so required and give a true and fair view in conformity with the
accountingprinciplesgenerallyacceptedinIndiaincludingIndianAccountingStandards(‘IndAS’)specifiedunder
Section 133 of the Act,of the state of affairs ( consolidated financial position) of the Group as at 31 March 2019,and
its consolidated profit (consolidated financial performance including other comprehensive income), its
consolidatedcashflowsandtheconsolidatedchangesinequityfortheyearendedonthatdate.

BasisforOpinion
3. WeconductedourauditinaccordancewiththeStandardsonAuditing(SAs)specifiedundersection143(10)ofthe
Companies Act, 2013. Our responsibilities under those Standards are further described in the Auditor’s
ResponsibilitiesfortheAuditoftheConsolidatedFinancialStatementssectionofourreport.Weareindependentof
theCompanyinaccordancewiththeCodeofEthicsissuedbytheInstituteofCharteredAccountantsofIndia(‘ICAI’)
together with the ethical requirements that are relevant to our audit of the consolidated financial statements
under the provisions of the Companies Act,2013 and the Rules thereunder,and we have fulfilled our other ethical
responsibilities in accordance with these requirements and the Code of Ethics.We believe that the audit evidence
we have obtained and the audit evidence obtained by the other auditor in terms of their report referred to in
paragraph17oftheothermattersparagraphbelowissufficientandappropriatetoprovideabasisforouropinion.
KeyAuditMatters

4. Keyauditmattersarethosemattersthat,inourprofessionaljudgment,basedontheconsiderationofthereportsof
the other auditors on separate financial statements and on the other financial information of the subsidiaries,were
of most significance in our audit of the consolidated financial statements of the current period.These matters were
addressed in the context of our audit of the financial statements as a whole,and in forming our opinion thereon,
andwedonotprovideaseparateopiniononthesematters.
5. There were no key audit matters determined to be communicated in our report on consolidated financial
statements.

InformationOtherthantheConsolidatedFinancialStatementsandAuditor’sReportThereon
6. The Holding Company’s Board of Directors is responsible for the other information. The other information
comprises the information included in annual report,but does not include the consolidated financial statements
andourauditor’sreportthereon.
7. Our opinion on the consolidated financial statements does not cover the other information and we do not express
anyformofassuranceconclusionthereon.
8. In connection with our audit of the consolidated financial statements, our responsibility is to read the other

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CONSOLIDATED INDEPENDENT AUDITOR'S REPORT