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IFB Agro Industries Ltd.

BSE: 507438 Sector: Consumer
NSE: IFBAGRO ISIN Code: INE076C01018
BSE 00:00 | 19 Oct 334.20 5.20
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NSE 00:00 | 19 Oct 334.55 6.90
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OPEN 328.00
PREVIOUS CLOSE 329.00
VOLUME 263
52-Week high 478.35
52-Week low 147.30
P/E 16.79
Mkt Cap.(Rs cr) 313
Buy Price 334.20
Buy Qty 17.00
Sell Price 334.20
Sell Qty 3.00
OPEN 328.00
CLOSE 329.00
VOLUME 263
52-Week high 478.35
52-Week low 147.30
P/E 16.79
Mkt Cap.(Rs cr) 313
Buy Price 334.20
Buy Qty 17.00
Sell Price 334.20
Sell Qty 3.00

IFB Agro Industries Ltd. (IFBAGRO) - Auditors Report

Company auditors report

Report on the Audit of the Standalone Financial Statements

Opinion

We have audited the standalone financial statements of IFB Agro Industries Limited("the Company") which comprise the standalone balance sheet as at 31 March2020 and the standalone statement of profit and loss (including other comprehensiveincome) standalone statement of changes in equity and standalone statement of cash flowsfor the year then ended and notes to the standalone financial statements including asummary of the significant accounting policies and other explanatory information.

In our opinion and to the best of our information and according to the explanationsgiven to us the aforesaid standalone financial statements give the information requiredby the Companies Act 2013 ("Act") in the manner so required and give a true andfair view in conformity with the accounting principles generally accepted in India of thestate of affairs of the Company as at 31 March 2020 and profit and other comprehensiveincome changes in equity and its cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specifiedunder section 143(10) of the Act. Our responsibilities under those SAs are furtherdescribed in the Auditor's Responsibilities for the Audit of the Standalone FinancialStatements section of our report. We are independent of the Company in accordance withthe Code of Ethics issued by the Institute of Chartered Accountants of India together withthe ethical requirements that are relevant to our audit of the standalone financialstatements under the provisions of the Act and the Rules thereunder and we have fulfilledour other ethical responsibilities in accordance with these requirements and the Code ofEthics. We believe that the audit evidence we have obtained is sufficient and appropriateto provide a basis for our opinion.

Key Audit Matters

Key audit matters are those matters that in our professional judgment were of mostsignificance in our audit of the standalone financial statements of the current period.These matters were addressed in the context of our audit of the standalone financialstatements as a whole and in forming our opinion thereon and we do not provide aseparate opinion on these matters.

Description of Key Audit Matter

Litigations and claims

See note 19 and 32(a) to the standalone financial statements

The key audit matter How the matter was addressed in our audit
The Company has exposure to various tax and legal related litigation which are disclosed in Note 19 and 32(a) of the standalone financial statements. In view of the significance of the matter we applied the following audit procedures in this area among others to obtain audit evidence:
The recognition and measurement of provisions and measurement and disclosure of contingent liabilities in respect of litigations and claims require significant judgement. 1. Obtained an understanding of the process for identification of litigations and claims.
Due to the range of possible outcomes and considerable uncertainty around the various litigations and claims the same has been considered a Key Audit Matter. 2. Tested the design implementation and the operating effectiveness of key controls associated with the process for identification and accounting of litigations and claims.
3. Read the latest correspondence between the Company and the various tax/legal authorities.
4. Involved our tax specialists to analyze the tax positions with respect to taxation related litigations.
5. We have considered the assessment of the Company's legal counsels internal and external where relevant.
6. We have evaluated the Company's disclosures relating to provisions and contingent liabilities in Note 19 and 32(a) to the standalone financial statements adequately reflected the uncertainties associated with the litigations and also compliance with relevant account standards.
As at 31 March 2020 loss allowance for trade receivables of marine segment is 39% of total gross receivables of the segment. In view of the significance of the matter we applied the following audit procedures in this area among others to obtain audit evidence:
The Company provides for lifetime expected credit losses using simplified approach. The allowance rates are determined based on the Company's historical default rates determined through a provision matrix and is adjusted for forward-looking information specific to the debtors and economic environment. 1. Obtained an understanding of the Company's processes and controls relating to the determination of expected credit losses of trade receivables.
This assessment involves significant judgement and hence is considered to be a Key Audit Matter. 2. Tested the design implementation and operating effectiveness of key controls associated with determination of expected credit losses of trade receivables.
3. Verified the inputs used in the provision matrix and evaluated the estimates for forward looking adjustments to the matrix.
4. Assessed the adequacy of the Company's disclosures on the trade receivables and the related risks under credit risk in Note 10 and Note 37 to the standalone financial statements and also compliance with relevant accounting standards.

Information Other than the Standalone Financial Statements and Auditors' Report Thereon

The Company's management and Board of Directors are responsible for the otherinformation. The other information comprises the information included in the Company'sannual report but does not include the financial statements and our auditors' reportthereon.

Our opinion on the standalone financial statements does not cover the other informationand we do not express any form of assurance conclusion thereon.

In connection with our audit of the standalone financial statements our responsibilityis to read the other information and in doing so consider whether the other informationis materially inconsistent with the standalone financial statements or our knowledgeobtained in the audit or otherwise appears to be materially misstated. If based on thework we have performed we conclude that there is a material misstatement of this otherinformation we are required to report that fact. We have nothing to report in thisregard.

Management's and Board of Directors' Responsibility for the Standalone FinancialStatements

The Company's management and Board of Directors are responsible for the matters statedin section 134(5) of the Act with respect to the preparation of these standalone financialstatements that give a true and fair view of the state of affairs profit/loss and othercomprehensive income changes in equity and cash flows of the Company in accordance withthe accounting principles generally accepted in India including the Indian AccountingStandards (Ind AS) specified under section 133 of the Act. This responsibility alsoincludes maintenance of adequate accounting records in accordance with the provisions ofthe Act for safeguarding of the assets of the Company and for preventing and detectingfrauds and other irregularities; selection and application of appropriate accountingpolicies; making judgments and estimates that are reasonable and prudent; and designimplementation and maintenance of adequate internal financial controls that were operatingeffectively for ensuring the accuracy and completeness of the accounting records relevantto the preparation and presentation of the standalone financial statements that give atrue and fair view and are free from material misstatement whether due to fraud or error.

In preparing the standalone financial statements management and Board of Directors areresponsible for assessing the Company's ability to continue as a going concerndisclosing as applicable matters related to going concern and using the going concernbasis of accounting unless management either intends to liquidate the Company or to ceaseoperations or has no realistic alternative but to do so.

Board of Directors is also responsible for overseeing the Company's financial reportingprocess.

Auditor's Responsibilities for the Audit of the Standalone Financial Statements

Our objectives are to obtain reasonable assurance about whether the standalonefinancial statements as a whole are free from material misstatement whether due to fraudor error and to issue an auditor's report that includes our opinion. Reasonable assuranceis a high level of assurance but is not a guarantee that an audit conducted in accordancewith SAs will always detect a material misstatement when it exists. Misstatements canarise from fraud or error and are considered material if individually or in theaggregate they could reasonably be expected to influence the economic decisions of userstaken on the basis of these standalone financial statements.

As part of an audit in accordance with SAs we exercise professional judgment andmaintain professional skepticism throughout the audit. We also:

??Identify and assess the risks of material misstatement of the standalone financialstatements whether due to fraud or error design and perform audit procedures responsiveto those risks and obtain audit evidence that is sufficient and appropriate to provide abasis for our opinion. The risk of not detecting a material misstatement resulting fromfraud is higher than for one resulting from error as fraud may involve collusionforgery intentional omissions misrepresentations or the override of internal control.

??Obtain an understanding of internal control relevant to the audit in order to designaudit procedures that are appropriate in the circumstances. Under section 143(3)(i) of theAct we are also responsible for expressing our opinion on whether the company hasadequate internal financial controls with reference to financial statements in place andthe operating effectiveness of such controls.

??Evaluate the appropriateness of accounting policies used and the reasonableness ofaccounting estimates and related disclosures made by management.

??Conclude on the appropriateness of management's use of the going concern basis ofaccounting and based on the audit evidence obtained whether a material uncertaintyexists related to events or conditions that may cast significant doubt on the Company'sability to continue as a going concern. If we conclude that a material uncertainty existswe are required to draw attention in our auditor's report to the related disclosures inthe standalone financial statements or if such disclosures are inadequate to modify ouropinion. Our conclusions are based on the audit evidence obtained up to the date of ourauditor's report. However future events or conditions may cause the Company to cease tocontinue as a going concern.

??Evaluate the overall presentation structure and content of the standalone financialstatements including the disclosures and whether the standalone financial statementsrepresent the underlying transactions and events in a manner that achieves fairpresentation.

We communicate with those charged with governance regarding among other matters theplanned scope and timing of the audit and significant audit findings including anysignificant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have compliedwith relevant ethical requirements regarding independence and to communicate with themall relationships and other matters that may reasonably be thought to bear on ourindependence and where applicable related safeguards.

From the matters communicated with those charged with governance we determine thosematters that were of most significance in the audit of the standalone financial statementsof the current period and are therefore the key audit matters. We describe these mattersin our auditors' report unless law or regulation precludes public disclosure about thematter or when in extremely rare circumstances we determine that a matter should not becommunicated in our report because the adverse consequences of doing so would reasonablybe expected to outweigh the public interest benefits of such communication.

Other Matter

The comparative financial information of the Company for the year ended 31 March 2019included in these standalone financial statements have been audited by the predecessorauditor who had audited the standalone financial statements for the relevant year. Thereport of the predecessor auditor on the comparative financial information dated 27 May2019 expressed an unmodified opinion.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditors' Report) Order 2016 ("the Order")issued by the Central Government in terms of section 143 (11) of the Act we give in the"Annexure A" a statement on the matters specified in paragraphs 3 and 4 of theOrder to the extent applicable.

(A) As required by Section 143(3) of the Act we report that:

a) We have sought and obtained all the information and explanations which to the bestof our knowledge and belief were necessary for the purposes of our audit.

b) In our opinion proper books of account as required by law have been kept by theCompany so far as it appears from our examination of those books;

c) The standalone balance sheet the standalone statement of profit and loss (includingother comprehensive income) the standalone statement of changes in equity and thestandalone statement of cash flows dealt with by this Report are in agreement with thebooks of account.

d) In our opinion the aforesaid standalone financial statements comply with the Ind ASspecified under section 133 of the Act.

e) On the basis of the written representations received from the directors as on 31March 2020 taken on record by the Board of Directors none of the directors isdisqualified as on 31 March 2020 from being appointed as a director in terms of Section164(2) of the Act.

f) With respect to the adequacy of the internal financial controls with reference tofinancial statements of the Company and the operating effectiveness of such controlsrefer to our separate Report in "Annexure B".

(B) With respect to the other matters to be included in the Auditors' Report inaccordance with Rule 11 of the Companies (Audit and Auditors) Rules 2014 in our opinionand to the best of our information and according to the explanations given to us:

i. The Company has disclosed the impact of pending litigations as at 31 March 2020 onits financial position in its standalone financial statements - Refer Note 32 (a) to thestandalone financial statements;

ii. The Company did not have any long-term contracts including derivative contracts forwhich there were any material foreseeable losses.

iii. There were no amounts which were required to be transferred to the InvestorEducation and Protection Fund by the Company.

iv. The disclosures in the standalone financial statements regarding holdings as wellas dealings in specified bank notes during the period from 8 November 2016 to 30 December2016 have not been made in these financial statements since they do not pertain to thefinancial year ended 31 March 2020.

(C) With respect to the matter to be included in the Auditors' Report under section197(16):

We draw attention to Note 38 to the standalone financial statements according to whichthe managerial remuneration paid to Vice Chairman and Managing Director of the Company(amounting to ` 195.09 lakhs) exceed the prescribed limits under Section 197 read withSchedule V to the Companies Act 2013 by ` 26.03 lakhs. As per the provisions of theCompanies Act 2013 the excess remuneration is subject to approval of the shareholderswhich the Company proposes to obtain in the forthcoming Annual General Meeting.

The Ministry of Corporate Affairs has not prescribed other details under Section197(16) which are required to be commented upon by us.

Place: Kolkata Date: 10 July 2020

For B S R & Co. LLP

Chartered Accountants

Firm registration No.: 101248W/W-100022

Jayanta Mukhopadhyay

Partner

Membership No.: 055757

ICAI UDIN: 20055757AAAACG1029

Annexure A to the Independent Auditors' report on the standalone financial statementsof IFB Agro Industries Limited for the year ended 31 March 2020

(Referred to in our report of even date)

The Annexure referred to in Independent Auditors' Report to the members of the Companyon the standalone financial statements for the year ended 31 March 2020 we report that:

(i) (a) The Company has maintained proper records showing full particulars includingquantitative details and situation of fixed assets.

(b) The Company has a regular programme of physical verification of its fixed assets bywhich fixed assets are verified in a phased manner over a period of three years. In ouropinion this periodicity of physical verification is reasonable having regard to the sizeof the Company and the nature of its assets. In accordance with this programme certainfixed assets were verified during the year and no material discrepancies were noticed onsuch verification.

(c) According to the information and explanations given to us and on the basis of ourexamination of the records of the Company the title deeds of immovable properties areheld in the name of the Company.

(ii) The inventory except goods in transit and stock lying with third parties havebeen physically verified by the management during the year. In our opinion the frequencyof such verification is reasonable. For goods-in-transit subsequent goods receipts havebeen verified. The discrepancies noticed on verification between the physical stocks andthe book records were not material and has been adjusted in the books of account. Forstock lying with third parties at the year-end confirmation have been obtained by themanagement.

(iii) According to the information and explanations given to us the Company has notgranted any loans secured or unsecured to companies firms Limited LiabilityPartnerships or other parties covered in the register maintained under Section 189 of theAct. Accordingly the provisions of paragraph 3(iii) of the Order are not applicable tothe Company.

(iv) In our opinion and according to the information and explanations given to us theCompany has not granted any loans investments guarantees and security during the yearthat would attract provisions of Section 185 of the Act. The Company has complied with theprovisions of Section 186 of the Act with respect to investments made and guaranteeprovided. The Company has not given any loan or provided any security that would attractprovisions of Section 186 of the Act.

(v) In our opinion and according to the information and explanations given to us theCompany has not accepted deposits as per the directives issued by the Reserve Bank ofIndia under the provisions of Section 73 to 76 or any other relevant provisions of the Actand the rules framed thereunder. Accordingly the provisions of paragraph 3(v) of theOrder is not applicable to the Company.

(vi) The Central Government has not prescribed the maintenance of cost records underSection 148 (1) of the Companies Act 2013 for any of the products manufactured by theCompany.

(vii) (a) According to the information and explanations given to us and on the basis ofour examination of the records of the Company amounts deducted/accrued in the books ofaccount in respect of undisputed statutory dues including Provident Fund Employees' StateInsurance Income-tax Sales-tax Goods and Services tax Duty of customs Duty of exciseCess and other material statutory dues have been regularly deposited during the year bythe Company with the appropriate authorities. As explained to us by the management theCompany did not have any dues in respect of Service tax and Value added tax.

According to the information and explanations given to us no undisputed amountspayable in respect of Provident Fund Employees' State Insurance Income-tax Sales-taxGoods and Service tax Duty of excise Duty of customs Cess and other material statutorydues were in arrears as at 31 March 2020 for a period of more than six months from thedate they became payable.

(b) According to the information and explanations given to us there are no dues ofIncome-tax Sales-tax Service tax Duty of customs Duty of excise Entry tax Goods andService tax Value added tax and Cess which have not been deposited with the appropriateauthorities on account of any dispute except as mentioned below:

Name of the statute Nature of dues Amount in INR lakhs Amount Paid Under Protest (in INR lakhs) Period to which the amount relates Forum where dispute is pending
West Bengal Sales Tax Act 1994 Sales tax 344.66 - 2005-06 Appellate and Revisional Board West Bengal
West Bengal Sales Tax Act 1994 Sales tax 41.38 - 2006-07 Appellate and Revisional Board West Bengal
West Bengal Sales Tax Act 1994 Sales tax 397.00 - 2007-08 Appellate and Revisional Board West Bengal
West Bengal Sales Tax Act 1994 Sales tax 175.11 - 2008-09 Appellate and Revisional Board West Bengal
West Bengal Sales Tax Act 1994 Sales tax 61.70 - 2012-13 Appellate and Revisional Board West Bengal
West Bengal Sales Tax Act 1994 Sales tax 64.99 - 2016-17 Senior Joint Commissioner of Commercial Taxes West Bengal
West Bengal VAT Act 2003 Value added tax 131.00 - 2005-06 Senior Joint Commissioner of Commercial Taxes West Bengal
West Bengal VAT Act 2003 Value added tax 5.75 - 2006-07 Appellate and Revisional Board West Bengal
West Bengal VAT Act 2003 Value added tax 924.60 - 2007-08 Appellate and Revisional Board West Bengal
West Bengal VAT Act 2003 Value added tax 559.18 - 2008-09 Appellate and Revisional Board West Bengal
The Bengal Excise Act 1909 State excise duty 139.61 - 2010-11 West Bengal Taxation Tribunal
The Bengal Excise Act 1909 State excise duty 189.00 - 2011-12 West Bengal Taxation Tribunal
The Bengal Excise Act 1909 State excise duty 117.18 - 2012-13 West Bengal Taxation Tribunal
The Bengal Excise Act 1909 State excise duty 126.00 - 2013-14 West Bengal Taxation Tribunal
The Bengal Excise Act 1909 State excise duty 101.00 - 2014-15 West Bengal Taxation Tribunal
The Bengal Excise State excise duty 186.24 - 2015-16 West Bengal
Act 1909 Taxation Tribunal
The Bengal Excise Act 1909 State excise duty 332.91 - 2016-17 West Bengal Taxation Tribunal
West Bengal Molasses Control Act 1973 State excise duty 43.34 15.00 2003-2006 High Court of Calcutta
West Bengal Molasses Control Act 1973 State excise duty 14.65 - 2008 High Court of Calcutta

(viii) In our opinion and according to the information and explanations given to usthe Company has not defaulted in the repayment of loans or borrowings to banks. TheCompany did not have any outstanding loan or borrowings from financial institutions orgovernment or debenture holders during the year.

(ix) According to the information and explanations given to us and based on ourexamination of the records of the Company the Company has not raised any money by way ofterm loan initial public offer or further public offer (including debt instruments).Accordingly the provisions paragraph 3(ix) of the Order are not applicable to theCompany.

(x) According to the information and explanations given to us no fraud by the Companyor on the Company by its officers or employees has been noticed or reported during theyear.

(xi) According to the information and explanations given to us and based on ourexamination of the records the Company has paid/provided for managerial remuneration inaccordance with the requisite approvals mandated by the provisions of Section 197 readwith Schedule V to the Act except for managerial remuneration paid to Vice Chairman cumManaging Director of the

Company (amounting to ` 195.09 lakhs) which exceeds the prescribed limits underSection 197 read with Schedule V to the

Companies Act 2013 by ` 26.03 lakhs. As per the provisions of the Companies Act 2013the excess remuneration is subject to approval of the shareholders which the Companyproposes to obtain in the forthcoming Annual General Meeting.

(xii) In our opinion and according to the information and explanations given to us theCompany is not a Nidhi company. Accordingly the provisions of paragraph 3(xii) of theOrder are not applicable to the Company.

(xiii) According to the information and explanations given to us and based on ourexamination of the records of the Company transactions with the related parties are incompliance with Sections 177 and 188 of the Act wherever applicable and the details ofsuch transactions have been disclosed in the standalone financial statements as requiredby the applicable accounting standards.

(xiv) According to the information and explanations given to us the Company has notmade any preferential allotment or private placement of shares or fully or partlyconvertible debentures during the year. Accordingly the provisions of paragraph 3(xvi) ofthe Order are not applicable to the Company.

(xv) According to the information and explanations given to us and based on ourexamination of the records of the Company the Company has not entered into non-cashtransactions with directors or persons connected with him. Accordingly the provisions ofparagraph 3(xv) of the Order are not applicable to the Company.

(xvi) The Company is not required to be registered under Section 45-IA of the ReserveBank of India Act 1934. Accordingly the provisions of paragraph 3(xvi) of the Order arenot applicable to the Company.

Place: Kolkata Date: 10 July 2020

For B S R & Co. LLP

Chartered Accountants

Firm registration No.: 101248W/W-100022

Jayanta Mukhopadhyay

Partner

Membership No.: 055757

ICAI UDIN: 20055757AAAACG1029

Annexure B to the Independent Auditors' report on the standalone financial statementsof IFB Agro Industries Limited for the year ended 31 March 2020

Report on the internal financial controls with reference to the aforesaid standalonefinancial statements under Clause (i) of

Sub-section 3 of Section 143 of the Companies Act 2013

[Referred to in paragraph (A)(f) under ‘Report on Other Legal and RegulatoryRequirements' section of our report of even date]

Opinion

We have audited the internal financial controls with reference to financial statementsof IFB Agro Industries Limited ("the Company")

as of 31 March 2020 in conjunction with our audit of the standalone financialstatements of the Company for the year ended on that date.

In our opinion the Company has in all material respects adequate internal financialcontrols with reference to financial statements and such internal financial controls wereoperating effectively as at 31 March 2020 based on the internal financial controls withreference to financial statements criteria established by the Company considering theessential components of internal control stated in the Guidance Note on Audit of InternalFinancial Controls Over Financial Reporting issued by the Institute of CharteredAccountants of India (the "Guidance Note").

Management's Responsibility for Internal Financial Controls

The Company's management and the Board of Directors are responsible for establishingand maintaining internal financial controls based on the internal financial controls withreference to financial statements criteria established by the Company considering theessential components of internal control stated in the Guidance Note. Theseresponsibilities include the design implementation and maintenance of adequate internalfinancial controls that were operating effectively for ensuring the orderly and efficientconduct of its business including adherence to company's policies the safeguarding ofits assets the prevention and detection of frauds and errors the accuracy andcompleteness of the accounting records and the timely preparation of reliable financialinformation as required under the Companies Act 2013 ("the Act").

Auditors' Responsibility

Our responsibility is to express an opinion on the Company's internal financialcontrols with reference to financial statements based on our audit. We conducted our auditin accordance with the Guidance Note and the Standards on Auditing prescribed underSection 143(10) of the Act to the extent applicable to an audit of internal financialcontrols with reference to financial statements. Those Standards and the Guidance Noterequire that we comply with ethical requirements and plan and perform the audit to obtainreasonable assurance about whether adequate internal financial controls with reference tofinancial statements were established and maintained and whether such controls operatedeffectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy ofthe internal financial controls with reference to financial statements and their operatingeffectiveness. Our audit of internal financial controls with reference to financialstatements included obtaining an understanding of such internal financial controlsassessing the risk that a material weakness exists and testing and evaluating the designand operating effectiveness of internal control based on the assessed risk. The proceduresselected depend on the auditors' judgement including the assessment of the risks ofmaterial misstatement of the standalone financial statements whether due to fraud orerror.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the

Company's internal financial controls with reference to financial statements.

Meaning of Internal Financial controls with Reference to Financial Statements

A company's internal financial controls with reference to financial statements is aprocess designed to provide reasonable assurance regarding the reliability of financialreporting and the preparation of financial statements for external purposes in accordancewith generally accepted accounting principles. A company's internal financial controlswith reference to financial statements include those policies and procedures that (1)pertain to the maintenance of records that in reasonable detail accurately and fairlyreflect the transactions and dispositions of the assets of the company; (2) providereasonable assurance that transactions are recorded as necessary to permit preparation offinancial statements in accordance with generally accepted accounting principles and thatreceipts and expenditures of the company are being made only in accordance withauthorisations of management and directors of the company; and (3) provide reasonableassurance regarding prevention or timely detection of unauthorised acquisition use ordisposition of the company's assets that could have a material effect on the financialstatements.

Inherent Limitations of Internal Financial controls with Reference to FinancialStatements

Because of the inherent limitations of internal financial controls with reference tofinancial statements including the possibility of collusion or improper managementoverride of controls material misstatements due to error or fraud may occur and not bedetected. Also projections of any evaluation of the internal financial controls withreference to financial statements to future periods are subject to the risk that theinternal financial controls with reference to financial statements may become inadequatebecause of changes in conditions or that the degree of compliance with the policies orprocedures may deteriorate.

Place: Kolkata Date: 10 July 2020

For B S R & Co. LLP

Chartered Accountants

Firm registration No.: 101248W/W-100022

Jayanta Mukhopadhyay

Partner

Membership No.: 055757

ICAI UDIN: 20055757AAAACG1029

.