Annual Report 2016-17

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167

Opinion

In our opinion to the best of our information and according to the e[planations given to us, the Parent has, in all material

respects, an adequate internal onancial controls system over onancial reporting and such internal onancial controls

over onancial reporting were operating effectively as at March 31, 2017, based on the internal control over onancial

reporting criteria established by the Company considering the essential components of internal control stated in the

Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered

Accountants of India.

For Deloitte Haskins & Sells LLP

ICAI Firm registration no. 117366:/:-100018

Chartered Accountants

For JOSHI APTE & CO

ICAI Firm registration no. 104370:

Chartered Accountants

per Hemant M. Joshi

Partner

Membership no. 038019

per C. K. Joshi

Partner

Membership no. 030428

Place: Pune

Date: April 25, 2017