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Deloitte Haskins & Sells LLP Chartered Accountants Indiabulls Finance Centre Tower 3 , 27th - 32nd Floor Senapati Bapat Marg Elphinstone Road ( West ) Mumbai - 400 013 Maharashtra , India Tel : +91 22 6185 4000 Fax : +91 22 6185 4001 HASKINS CHARTERED ACCOUNTANTS DELOITTE ii . i . INDEPENDENT AUDITOR'S REPORT ON AUDIT OF INTERIM STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF Asian Paints Limited Opinion We have audited the accompanying Statement of Standalone Financial Results of Asian Paints Limited ( " the Company " ) for the quarter and nine months ended December 31 , 2020 ( " the Statement " ) , being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 , as amended ( " the Listing Regulations " ) . In our opinion and to the best of our information and according to the explanations given to us , these Standalone Financial Results : is presented in accordance with the requirements of Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 , as amended ; and gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards 34 and other accounting principles generally accepted in India of the net profit and total comprehensive income and other financial information of the Company for the quarter and nine months then ended December 31,2020 Basis for Opinion We conducted our audit in accordance with the Standards on Auditing ( " SAS " ) specified under Section 143 ( 10 ) of the Companies Act , 2013 ( " the Act " ) . Our responsibilities under those Standards are further described in Auditor's Responsibilities for Audit of the Standalone Financial Results for the quarter and nine months ended December 31 , 2020. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India ( " the ICAI " ) together with the ethical requirements that are relevant to our audit of the Standalone Financial Results for the quarter and nine months ended December 31 , 2020 under the provisions of the Act and the Rules thereunder , and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics . We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion . 11 SELLS Regd . Office : Indiabulls Finance Centre , Tower 3 , 27th - 32nd Floor , Senapati Bapat Marg , Elphinstone Road ( West ) , Mumbai - 400 013 , Maharashtra , India . ( LLP Identification No. AAB - 8737 )