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S.R. BATLIBOI & Co. LLP Chartered Accountants 12th Floor , The Ruby , 29 Senapati Bapat Marg , Dadar ( West ) Mumbai - 400 028 , India Tel : +91 22 6819 8000 Independent Auditor's Report on the Quarterly and Year to Date Audited Consolidated 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 Central Depository Services ( India ) Limited Report on the audit of the Consolidated Financial Results Opinion We have audited the accompanying statement of consolidated financial results of Central Depository Services ( India ) Limited ( the " Holding Company " ) and its subsidiaries ( the Holding Company and its subsidiaries together referred to as " the Group " ) , for the quarter ended December 31 , 2020 and for the period from April 1 , 2020 to December 31 , 2020 ( the " Statement " ) , attached herewith , being submitted by the Holding Company pursuant to the requirement 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 , and based on the consideration of the reports of the other auditors on separate audited financial result of the subsidiaries , the Statement : ( i ) includes the results of the following entities a . Central Depository Services ( India ) Limited b . CDSL Ventures Limited c . CDSL Insurance Repository Limited d . CDSL Commodity Repository Limited ; ( ii ) is presented in accordance with the requirements of the Listing Regulations , in this regard ; and ( iii ) gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards and other accounting principles generally accepted in India of the consolidated total comprehensive income ( comprising of net profit and other comprehensive loss ) and other financial information of the Group for the quarter ended December 31 , 2020 and for the period from April 1 , 2020 to December 31 , 2020 . Basis for Opinion We conducted our audit in accordance with the Standards on Auditing ( SAS ) , as specified under Section 143 ( 10 ) of the Companies Act , 2013 , as amended ( " the Act " ) . Our responsibilities under those Standards are further described in the " Auditor's Responsibilities for the Audit of the Consolidated Financial Results " section of our report . We are independent of the Group , in accordance with the ' Code of Ethics ' issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the Financial Results 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 Code of Ethics . We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in " Other Matter " paragraph below , is sufficient and appropriate to provide a basis for our opinion . Management's Responsibilities for the Consolidated Financial Results The Statement has been prepared on the basis of the interim condensed consolidated financial statements . The Holding Company's Board of Directors are responsible for the preparation and presentation of the Statement that give a true and fair view of the net profit and other comprehensive loss and other financial information of the Group in accordance with the recognition and measurement principles laid down in Indian Accounting Standard ( Ind AS ) 34 , ' Interim Financial Reporting ' prescribed S.R. Batliboi & Co. LLP , a Limited Liability Partnership with LLP Identity no . AAB - 4294 Regd . Office : 22 , Camac Street , Block ' B ' , 3rd Floor , Kolkata - 700 016