Exide Industries Ltd. — Audit Report / Information 2020

Nov 6, 2019

Chartered Accountants

BS A & Co. LLP

GodreI Walers,de. Uml No 603 6Ih Floor Tower 1 Plol No 5. Block • DP Seclor V Salt Lake. Kolkala • 700091

Telephone; +91 33 4035 4200 Fax: +91 33 4035 4295

Limited review report on unaudited quarterly and year-to-date standalone financial results of Exide Industries Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

TO

BOARD OF DIRECTORS OF EXIDE INDUSTRIES LIMITED

• I. We ha,e reviewed the accompanying Statement of unaudited standalone financial results of Exide Industries Limited ("the Company·') for the quarter ended 30 September 2019 and year to date results for the period from O I Apri I 2019 to 30 September 20 I 9 (''the Statement").

1. 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_ 20 I 3. and other accounting principles generally accepted in India and in compliance with Regulation 33 of the of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations'). Our responsibility is to issue a report on the Statement based on our review.

2. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 .. RePiew of Interim Fimmcial J11Jormatio11 Pe,formed by the J11depe11de111 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.

3. 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 applicable accounting standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations including the manner in which it is to be disclosed, or that it contains any material misstatement.

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