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Shaping the future of software driven business
Consolidated Financials •
197
statements have been audited by other auditors whose reports have been furnished to us by the Management and our opinion on the
consolidated financial statements, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and
our report in terms of sub-section (3) of Section 143 of the Act, in so far as it relates to the aforesaid subsidiaries is based solely on the
reports of the other auditors.
The consolidated financial statements also includes the share of net result
`
NIL in respect of 1 (One) associate for the year ended
31 March 2019. Financial statements of this associate have not been audited by us. These financial statements are unaudited and have
been furnished to us by the Management and our opinion on the consolidated financial statements, in so far as it relates to the amounts
and disclosures included in respect of these entities is based solely on such unaudited financial statements. In our opinion and according
to the information and explanations given to us by the Management, these financial statements are not material to the Group.
Our opinion on the Consolidated Financial Statements is not modified in respect of the above matters.
Report on Other Legal and Regulatory Requirements
1.
As required by Section 143(3) of the Act, based on our audit we report that:
(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 Financial Statements.
(b) In our opinion, proper books of account as required by law relating to preparation of the aforesaid Consolidated Financial
Statements have been kept so far as it appears from our examination of those books.
(c) The Consolidated Balance Sheet, the Consolidated Statement of Profit and Loss (including Other Comprehensive Income),
Consolidated Statement of Changes in Equity and the Consolidated Statement of Cash Flow dealt with by this Report are
in agreement with the relevant books of account maintained for the purpose of preparation of the Consolidated Financial
Statements.
(d) In our opinion, the aforesaid Consolidated Financial Statements comply with the Ind AS specified under Section 133 of the Act.
(e) On the basis of the written representations received from the directors of the Parent as on 31 March 2019 taken on record
by the Board of Directors of the Parent and the reports of the statutory auditors who are appointed under Section 139 of the
Act, none of the directors of the Parent, is disqualified as on 31 March 2019 from being appointed as a director in terms of
Section 164(2) of the Act.
(f) With respect to the adequacy of the internal financial controls over financial reporting and the operating effectiveness of
such controls, refer to our separate Report in “Annexure A”, which is based on the auditors’ report of the Parent incorporated
in India. Our report expresses an unmodified opinion on the adequacy and operating effectiveness of internal financial
controls over financial reporting of the Parent company, for the reasons stated therein.
(g) With respect to the other matters to be included in the Auditor’s Report in accordance with the requirements of section 197(16)
of the Act, as amended, in our opinion and to the best of our information and according to the explanations given to us, the
remuneration paid by the Parent to its directors during the year is in accordance with the provisions of section 197 of the Act.
(h) With respect to the other matters to be included in the Auditors’ 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 consolidated Ind AS financial statements disclose the impact of pending litigations on the consolidated financial
position of the Group.
ii. Provision has been made in the Consolidated Financial Statements, as required under the applicable law or accounting
standards, for material foreseeable losses, if any, on long-term contracts including derivative contracts.
iii. There has been no delay in transferring amounts required to be transferred, to the Investor Education and Protection Fund
by the Parent.
For DELOITTE HASKINS & SELLS LLP
Chartered Accountants
(Firm’s Registration No. 117366W/W-100018)
Hemant M. Joshi
Place: Pune
Partner
Date: 27 April 2019
(Membership No. 038019)