c concepts of test checks and materiality to obtain reasonable assurance based on verification of
evidence supporting the Restated Consolidated Financial Information; and

d. the requirements of Section 26 of the Act and the ICDR Regulations. Our work was performed
solely to assist you in meeting your responsibilities in relation to your compliance with the Act, the
ICDR Regulations and the Guidance Note in connection with the IPO.

These Restated Consolidated Financial Information have been compiled by the Management from:

a. Audited special purpose interim consolidated Ind AS financial statements of the Group and its joint
venture as at and for the nine months period ended 31 December 2020 prepared in accordance with
Indian Accounting Standard (‘Ind AS’) 34 "Interim Financial Reporting", specified under section
133 of the Act and other accounting principles generally accepted in India (the "Special Purpose
Interim Consolidated Ind AS Financial Statements") which have been approved by the Board of
Directors at their meeting held on 25 January 2021;

b. Audited Consolidated Ind AS financial statements of the Group and its joint venture as at and for
the years ended 31 March 2020, 31 March 2019 and 31 March 2018 prepared in accordance with
the Indian Accounting Standards (referred to as "Ind AS") as prescribed under Section 133 of the
Act read with Companies (Indian Accounting Standards) Rules 2015, as amended, and other
accounting principles generally accepted in India, which have been approved by the Board of
Directors at their meeting held on 7 May 2020, 15 May 2019 and 3 July 2018 respectively (the
"Audited Consolidated Ind AS Financial Statements").

For the purpose of our examination, we have relied on:

a. Auditors’ report issued by us dated 25 January 2021 on the Special Purpose Interim Consolidated
Ind AS Financial Statements of the Group and its joint venture as at and for the nine months period
ended 31 December 2020;

b. Auditors’ Report issued by the previous auditors, PKF Sridhar & Santhanam LLP, Chartered
Accountants, (the “Previous Auditors”) dated 7 May 2020, 15 May 2019 and 3 July 2018 on the
consolidated financial statements of the Group and its joint venture as at and for the years ended 31
March 2020, 31 March 2019 and 31 March 2018, respectively, as referred in Paragraph 4 above

The audits for the financial years ended 31 March 2020, 31 March 2019 and 31 March 2018 were
conducted by the Previous Auditors, and accordingly reliance has been placed on the restated
consolidated statement of assets and liabilities and the restated consolidated statements of profit and loss
(including other comprehensive income), statements of changes in equity and cash flow statements, the
Statement of Significant Accounting Policies and other explanatory information (collectively, the “2020,
2019 and 2018 Restated Consolidated Financial Information”) examined by them for the said years. The
examination report included for the said years is based solely on the report submitted by the Previous
Auditors. They have also confirmed that the 2020, 2019 and 2018 Restated Consolidated Financial
Information

i. have been prepared after incorporating adjustments for the changes in accounting policies, material
errors and regrouping / reclassifications, if any, retrospectively in the financial years ended 31
March 2020, 31 March 2019 and 31 March 2018 to reflect the same accounting treatment as per the
accounting policies and grouping / classifications followed as at and for the nine-months period
ended 31 December 2020;

ii. do not require any adjustment for modification as there is no modification in the underlying audit
reports;

iii. have been prepared in accordance with the Act, ICDR Regulations and the Guidance Note
As indicated in our audit report referred in 5(a) above

a. we did not audit the special purpose financial statements of joint venture whose share of profit /
(loss) included in the consolidated financial statements, for the nine months period ended 31

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