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S.N. Dhawan & CO LLP Chartered Accountants 421 , II Floor , Udyog Vihar Phase IV , Gurugram , Haryana 122016 , India Tel : +91 124 481 4444 Limited Review Report on Unaudited Quarterly Results To the Board of Directors of Schneider Electric Infrastructure Limited 1. We have reviewed the accompanying statement of unaudited financial results of Schneider Electric Infrastructure Limited ( " the Company " ) for the quarter ended June 30 , 2021 ( " the Statement " ) , being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India ( " the SEBI " ) ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 , as amended . 2. This Statement which is the responsibility of the Company's Management and approved by the Board of Directors , has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 ' Interim Financial Reporting ' ( ' Ind AS 34 ' ) , 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 . Our responsibility is to issue a conclusion on the Statement based on our review . 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ( SRE ) 2410 ' Review of Interim Financial Information Performed by the Independent Auditor of the Entity ' , issued by the Institute of Chartered Accountants of India . This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement . A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit . We have not performed an audit and accordingly , we do not express an audit opinion . 4. Based on our review conducted as above , nothing has come to our attention that causes us to believe that the accompanying Statement , prepared in accordance with the recognition and measurement principles laid down in the aforesaid Ind AS and other accounting principles generally accepted in India , has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 , as amended , including the manner in which it is to be disclosed , or that it contains any material misstatement . 5. Material Uncertainty Related to Going Concern We draw attention to Note 6 of the Statement , which indicate that the Company has incurred loss during the current quarter with accumulated losses which has resulted in its net worth being fully eroded . These conditions indicate the existence of a material uncertainty that may cast significant doubt about the Company's ability to continue as a going concern . Our conclusion is not modified in respect of this matter . 6. Emphasis of Matter We draw attention to Note 5 of the Statement , which describes the management's assessment of the impact of uncertainties related to Covid - 19 pandemic on the Company's Operations . Our conclusion is not modified in respect of this matter . HON'S CHARTERED & CO . LLP CCOUNTANTS S.N. Dhawan & CO LLP is registered with limited liability with identification number AAH - 1125 and its registered office is 108 , Mercantile House , 15 , Kasturba Gandhi Marg , New Delhi 110001 , India