INDEPENDENT AUDITOR’S EXAMINATION REPORT ON RESTATED CONSOLIDATED
FINANCIAL INFORMATION (continued)

3)

4)

5)

The responsibility of respective Board of Directors of the companies included in the Group includes
designing, implementing and maintaining adequate internal control relevant to the preparation and
presentation of the Restated Consolidated Financial Information. The respective Board of Directors
of the Group are also responsible for identifying and ensuring that the Group complies with the Act,
the ICDR Regulations and the Guidance Note.

We have examined such Restated Consolidated Financial Information taking into consideration:

a) The terms of reference and terms of our engagement agreed upon with you in accordance with
our engagement letter dated 19 November 2021, in connection with the proposed IPO of
equity shares of the Company;

b) The Guidance Note. The Guidance Note also requires that we comply with the ethical
requirements of the Code of Ethics issued by the ICAI;

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 proposed
IPO of equity shares of the Company.

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

a) As at and for the six months period ended 30 September 2021 and 30 September 2020: From the
audited special purpose interim consolidated financial statements of the Group as at and for the
six months period ended 30 September 2021 and 30 September 2020 (being the comparative
period of the financials for the six months period ended 30 September 2021), prepared in
accordance with Indian Accounting Standard (Ind AS) 34 “ Interim Financial Reporting”,
specified under Section 133 of the Act read with Companies (Indian Accounting Standards) Rules
2015, as amended, and other accounting principles generally accepted in India (the “special
purpose interim consolidated financial statements”), which have been approved by the Board of
Directors at their Board meetings held on 22 November 2021;

b) As at and for the year ended 31 March 2021, 31 March 2020 and 31 March 2019: From the audited
consolidated financial statements of the Group as at and for the year ended 31 March 2021, 31
March 2020 and 31 March 2019, 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 (the “consolidated financial statements”), which have been approved by the
Board of Directors at their Board meetings held on 03 August 2021, 16 December 2020 and 07
September 2019 respectively.

For the purpose of our examination, we have relied on Auditors’ reports issued by us dated 22
November 2021, 03 August 2021, 16 December 2020 and 07 September 2019 on the consolidated
financial statements of the Group as at and for the six months period ended 30 September 2021 and
30 September 2020 (being the comparative period of the financials for the six months period ended
30 September 2021) and as at and for the years ended 31 March 2021, 31 March 2020 and 31 March
2019 as referred in paragraph 4 above.
