CONSOLIDATED ACCOUNTS 375 i. I n case of the Holding Company and 15 subsidiaries and 5 joint ventures, the feature of recording audit trail (edit log) facility was not enabled at the database level to log any direct data changes for the accounting software used for maintaining the books of account; ii. I n case of 1 subsidiary, the component has used an accounting software for maintaining its books of account which has a feature of recording audit trail (edit log) facility. The component upgraded to such version from November 1, 2023. The feature of recording of audit trail (edit log) facility has operated from 1 November 2023 to 31 March 2024 for all relevant transactions recorded in the software during that period. Accordingly, the component auditor is unable to comment whether the audit trail feature was active from 1 April 2023 to 31 October 2023 in the old software used by the subsidiary; iii. I n case of 1 subsidiary and 3 joint ventures, the components have used a software in which the feature of recording of audit trail (edit log) for direct data changes at database level in the software is being maintained at any given point in time only for a period of six months, hence the component auditor is unable to comment whether the audit trail feature was enabled and operating for the period the audit trail log is not available; iv. In case of 3 associates, the components have used an accounting software operated by third party service provider, for maintaining its books of account, and in the absence of a Service Organization Controls report, the component auditor is unable to comment on whether audit trail feature of the said software was enabled and operated throughout the year for all relevant transactions recorded in the software or whether there were any instances of the audit trail feature being tampered with; v. In case of 1 joint venture, the audit trail feature for accounting software used for maintenance of accounting records from 1 April 2023 to 24 April 2023 had a feature of recording audit logs, but in absence of evidence, the component auditor is unable to comment upon whether the audit trail (edit log) facility remained operational for the said period; vi. I n case of 1 joint venture, the audit trail feature was not enabled up to 21 November 2023, at the database level for accounting software to log any direct data changes, used for maintenance of sales and related records by the component; and vii. I n case of 1 associate, the feature of audit trail (edit log) was not enabled in full at the application layer of the accounting software in respect of the revenue system, payroll system and consolidation system and in respect of certain fields and tables of the accounting software used for maintaining the general ledger. Further, the feature of audit trail (edit log) was not enabled at the database layer to log any direct data changes in the accounting software used for maintaining books of accounts relating to the general ledger system, revenue system, payroll system and consolidation system. Further, for the periods where audit trail (edit log) facility was enabled and operated for the respective accounting softwares, we did not come across any instance of the audit trail feature being tampered with. C. With respect to the matter to be included in the Auditor’s Report under Section 197(16) of the Act: In our opinion and according to the information and explanations given to us and based on the reports of the statutory auditors of such subsidiary companies, associate companies and joint ventures incorporated in India which were not audited by us, the remuneration paid during the current year by the Holding Company and its subsidiary companies, associate companies and joint ventures to its directors is in accordance with the provisions of Section 197 of the Act, where applicable. The remuneration paid to any director by the Holding Company and its subsidiary companies, associate companies and joint ventures is not in excess of the limit laid down under Section 197 of the Act. The Ministry of Corporate Affairs has not prescribed other details under Section 197(16) of the Act which are required to be commented upon by us. For B S R & Co. LLP Chartered Accountants Firm’s Registration No.: 101248W/W-100022 Venkataramanan Vishwanath Partner Place : Bengaluru Membership No.: 113156 Date : 16 May 2024 ICAI UDIN: 24113156BKGFOO4838
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