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Walker Chandiok & Co LLP Walker Chandiok & Co LLP 11th Floor , Tower II , One International Center , SB Marg , Prabhadevi ( W ) , Mumbai - 400013 Maharashtra , India T +91 22 6626 2699 F +91 22 6626 2601 Independent Auditor's Report on Consolidated Annual Financial Results of the Company Pursuant to the Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 ( as amended ) To the Board of Directors of Antony Waste Handling Cell Limited ( formerly Antony Waste Handling Cell Private Limited ) Qualified Opinion 1. We have audited the accompanying 2 . 3 . consolidated annual financial results ( ' the Statement ' ) of Antony Waste Handling Cell Limited ( ' the Holding Company ' ) and its subsidiaries ( the Holding Company and its subsidiaries together referred to as ' the Group ' ) , for the year ended 31 March 2021 , attached herewith , being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 ( as amended ) ( ‘ Listing Regulations ' ) , including relevant circulars issued by the SEBI from time to time . In our opinion and to the best of our information and according to the explanations given to us , the Statement : ( i ) includes the annual financial results of the entities listed in Annexure 1 ; ( ii ) presents financial results in accordance with the requirements of Regulation 33 of the Listing Regulations , except for the possible effects of the matter described in paragraph 3 below ; and ( iii ) gives a true and fair view in conformity with the applicable Indian Accounting Standards ( ' Ind AS ' ) prescribed under Section 133 of the Companies Act , 2013 ( ' the Act ' ) . read with relevant rules issued thereunder , and other accounting principles generally accepted in India , of the consolidated net profit after tax and other comprehensive income and other financial information of the Group for the year ended 31 March 2021 except for the possible effects of the matter described in paragraph 3 below . Basis for Qualified Opinion As explained in Note 5 to the accompanying Statement , the Holding Company's non- current trade receivables as at 31 March 2021 include certain long outstanding receivables aggregating 805.13 lakhs due from various municipal corporations , which are under dispute but considered good and recoverable by the management . However , in the absence of sufficient appropriate audit evidence to corroborate the management's assessment of recoverability of these balances , we are unable to comment on adjustments , if any , that may be required to be made to the carrying amounts of such receivables as at 31 March 2021 and the consequential impact , on the accompanying Statement . Our review report on the consolidated financial results for the quarter and period ended 31 December 2020 and audit report for the year ended 31 March 2020 was also qualified in respect of this matter . Page 1 of 5 Chartered Accountants Offices in Bengaluru , Chandigarh , Chennai , Gurugram , Hyderabad , Kochi , Kolkata , Mumbai , New Delhi , Noida and Pune Walker Chandiok & Co LLP is registered with limited liability with identification number AAC - 2085 and has its registered office at L - 41 , Connaught Circus , Outer Circle , New Delhi , 110001 , India