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making judgments and estimates that are reasonable and prudent;   •  Conclude on the appropriateness of management’s use of the
          and design, implementation and maintenance of adequate internal   going concern basis of accounting and, based on the audit
          financial controls, that were operating effectively for ensuring the   evidence obtained, whether a material uncertainty exists
          accuracy and completeness of the accounting records, relevant   related to events or conditions that may cast significant doubt
          to the preparation and presentation of the standalone financial   on the Company’s ability to continue as a going concern. If we
          statement that give a true and fair view and are free from material   conclude that a material uncertainty exists, we are required to
          misstatement, whether due to fraud or error.          draw attention in our auditor’s report to the related disclosures
                                                                in the standalone financial statements or, if such disclosures are
          In preparing the standalone financial statements, management is   inadequate, to modify our opinion. Our conclusions are based
          responsible for assessing the Company’s ability to continue as a   on the audit evidence obtained up to the date of our auditor’s
          going concern, disclosing, as applicable, matters related to going   report. However, future events or conditions may cause the
          concern and using the going concern basis of accounting unless   Company to cease to continue as a going concern.
          management either intends to liquidate the Company or to cease
          operations, or has no realistic alternative but to do so.   •  Evaluate the overall presentation, structure and content of the
                                                                standalone financial statements, including the disclosures, and
          Those Board of Directors are also responsible for overseeing the   whether  the standalone  financial  statements  represent  the
          Company’s financial reporting process.
                                                                underlying transactions and events in a manner that achieves
                                                                fair presentation.
          THE STANDALONE FINANCIAL STATEMENTS                Materiality is the magnitude of misstatements in the standalone
          Our objectives are to obtain reasonable assurance about whether   financial statements that, individually or in aggregate, makes
          the standalone financial statements as a whole are free from   it probable that the economic decisions of a reasonably
          material misstatement, whether due to fraud or error, and to issue   knowledgeable user of the standalone financial statements may
          an auditor’s report that includes our opinion. Reasonable assurance   be influenced. We consider quantitative materiality and qualitative
          is a high level of assurance, but is not a guarantee that an audit   factors in (i) planning the scope of our audit work and in evaluating
          conducted in accordance with SAs will always detect a material   the results of our work; and (ii) to evaluate the effect of any identified
          misstatement when it exists. Misstatements can arise from fraud or   misstatements in the standalone financial statements.
          error and are considered material if, individually or in the aggregate,   We communicate with those charged with governance regarding,
          they could reasonably be expected to influence the economic   among other matters, the planned scope and timing of the audit
          decisions of users taken on the basis of these standalone financial   and significant audit findings, including any significant deficiencies
          statements.                                        in internal control that we identify during our audit.
          As part of an audit in accordance with SAs, we exercise professional   We also provide those charged with governance with a statement
          judgment and maintain professional skepticism throughout the   that we have complied with relevant ethical requirements regarding
          audit. We also:                                    independence, and to communicate with them all relationships

          •  Identify and assess the risks of material misstatement of the   and other matters that may reasonably be thought to bear on our
            standalone financial statements, whether due to fraud or error,   independence, and where applicable, related safeguards.
            design and perform audit procedures responsive to those risks,   From the matters communicated with those charged with
            and obtain audit evidence that is sufficient and appropriate   governance, we determine those matters that were of most
            to provide a basis for our opinion. The risk of not detecting a   significance in the audit of the standalone financial statements
            material misstatement resulting from fraud is higher than for   of the current period and are therefore the key audit matters. We
            one resulting from error, as fraud may involve collusion, forgery,   describe these matters in our auditor’s report unless law or regulation
            intentional omissions, misrepresentations, or the override of   precludes public disclosure about the matter or when, in extremely
            internal control.                                rare circumstances, we determine that a matter should not be
          •  Obtain an understanding of internal financial control relevant   communicated in our report because the adverse consequences
            to the audit in order to design audit procedures that are   of doing so would reasonably be expected to outweigh the public
            appropriate in the circumstances. Under section 143(3)(i) of   interest benefits of such communication.
            the Act, we are also responsible for expressing our opinion on
            whether the Company has adequate internal financial controls   OTHER MATTERS
            system in place and the operating effectiveness of such controls.   The financial results includes the Company’s share of Profit (net) of
                                                             H1,584 Lakhs and H1,917 Lakhs for the quarter and year ended 31
          •  Evaluate the appropriateness of accounting policies used   March 2020, respectively, from its investment in partnership firms
            and the reasonableness of accounting estimates and related   and Limited Liability Partnership (“LLPs”) whose financial statements
            disclosures made by the management.
                                                             have not been audited by us. These financial statements have been

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