NTPC Limited — Audit Report / Information 2020

Sep 2, 2020

==> picture [77 x 44] intentionally omitted <==

NTPC Limited

(A Govt. of India Enterprises) Corporate Centre

Ref. No. 01:SEC:LA:1 Dated : 1.9.2020

Manager

Listing Department National Stock Exchange of India Limited "Exchange Plaza", Bandra-Kurla Complex, Bandra (E), Mumbai -400 051 Scrip Code: NTPC

Sub.: Brief Profile of Statutory Auditors

Dear Sir/Madam,

In furtherance to our corporate disclosure dated 14[th] August, 2020 intimating regarding appointment of Joint Statutory Auditors of the Company for the financial year 2020-21 and as desired vide your email dated the same day, brief profiles of the Joint Statutory Auditors as received from them are attached as Annexure-I.

This is for your information and record.

Thanking you,

Yours faithfully,

==> picture [106 x 39] intentionally omitted <==

(Nandini Sarkar) Company Secretary & Compliance Officer

Registered office: NTPC Bhawan, SCOPE Complex, 7 Institutional Area, Lodhi Road, New Delhi-110003 CIN:L40101DL1975GOI007966, Telephone: 011-24387333 FAX: 011-24361018, Email: ntpccc@ntpc.co.in Website: www.ntpc.co.in,

Annexure-I

BRIEF PROFILE OF STATUTORY AUDITORS

1. M/s. S. K. Mehta & Co., Chartered Accountants, New Delhi

S. K. Mehta & Co. is a leading chartered accountancy firm founded in 1970.

It provides comprehensive professional services which include Audit, Tax Advisory, Management Consultancy, Financial Management, Accounting Services, Secretarial Services, Corporate Advisory etc. to a large and wide variety of clients throughout India. Our clients include listed and non-listed public sector and private corporate & others and cover a broad spectrum of industries ranging from manufacturing, construction, insurance, banking, power, retail, hospitality, and information technology etc.

We are an organization on the move & innovating every aspect of client service. We are aggressive in leveraging technology and bringing business solution to every level of our clients. We work as a team recognizing that people come first, and that our success hinges on delivering an independent service and the highest quality business advice to each client. We are focused on relationships, results and clients satisfaction.

Our commitment to providing the highest quality service has made us the preferred choice of organization seeking assurance and financial review services.

Our strong practice ensures that we can deliver seamless quality service with total credibility to the satisfaction of our clients.

A specialized and dedicated team who shall have extensive experience in conducting similar assignments for corporate clients is engaged in carrying out the professional assignment.

The capacity of our firm, the experience of our team and our process ability in coordinating the services will enable us to deliver the service on time.

2. M/s. S. N. Dhawan& Co. LLP, Chartered Accountants, New Delhi

S. N. Dhawan & Co. LLP was established in 1944 and has over 76 years of experience in audit, advisory, tax and legal service. The Firm is registered with the Comptroller and Auditor General of India and Reserve Bank of India for conducting audits of large Public Sector Undertaking & Public Sector Bank. The Firm is also appointed as Statutory Auditors by many large Indian and International companies. Currently, the firm has 17 Partners, 49 Qualified Chartered Accountants and 112 other professional including article and support staff.

3. M/s. Varma & Varma, Chartered Accountants, Hyderabad

The Firm, Varma & Varma, Chartered Accountants was established on June 17, 1935, by Mr. Kerala Varma Kochunniappan Thampuran and Mr. Kerala Varma Kunhappan Thampuran, two members of the erstwhile Royal Family of Cochin (now Kochi), in the Southern State of Kerala, India.

The firm has grown over the years and presently operates in South Indian states and in Maharashtra. The firm is managed by partners who are bound together by a common adherence to the aims, philosophies, professional standards and practices set by them jointly. All the offices of the firm are closely linked and are capable of handling assignments for all types of clients spread over the different sectors of the economy and have also handled assignments outside India.

At present, the firm has thirty one partners all of whom were trained with the firm and are based in the nine offices spread over southern states of India and in Mumbai and offers the whole range of services required for the large listed entities as well as MSME sector in all sectors of the economy.

The firm has more than 450 trained staff members, including over 50 full time CA employees.

4. M/s. Parakh & Co., Chartered Accountants, Jaipur

Parakh & Co. is a premier Chartered Accountant’s firm offering professional services in areas of audit, tax and outsourcing services to domestic and multinational business entities. We have specialist teams of professional accountants, lawyers, company secretary and management consultants offering a wide array of services to our clients across the length and breadth of India. The firms’ twenty partners and seventy plus staff are committed to provide cost effective, high quality, innovative and practical solutions for your businesses.

We strongly believe in establishing long term relationship with the clients. Starting right from the introductory meetings we would endeavour to make you feel the difference in the quality of service that you can expect and shall receive at Parakh & Co. To us every client is equally important and when they repose their trust in us, it becomes our bounden duty to serve them with utmost care and the highest level of professional competence. Our team is like a family. Every member of the team is encouraged to be friendly, professional and fully committed to delivering the best service. You would find that each team leader would serve you not as an employee of the firm but as an independent professional who is personally responsible and has keen interest in the success of the assignment under his care. In a nutshell, our strength lies in our versatility – wherein you would experience being served personally by a senior member who can draw upon the vast experience and skills of various partners and firms’ professionals to ensure that he is able to provide you with all round solution which is second to none.

5. M/s. C. K. Prusty & Associates, Chartered Accountants, Bhubaneshwar

M/s. C. K. Prusty & Associates is registered with the Institute of Chartered Accountants of India to practice as a recognized firm of professionals. The firm is having its head office at Bhubaneswar and branches across many states of India. The firm was established in 1985 and presently there are 21 partners. The firm has earned its name in the field of Statutory Audit, Tax Audit, Demat Audit, Information Systems Audit, Bank Audit, Internal Audit, Stock Audit, Project Financing, Incorporation of Companies, Income Tax Planning, consulting services both in Private and Public Sectors.

The firm has excellent infrastructure in all offices to cater to the clients’ various requirements. The firm is a technology oriented one and strives to improve itself with the dynamic external and internal environment.

6. M/s. B. C. Jain & Co., Chartered Accountants, Kanpur

B.C. Jain & Co., a Chartered accountancy firm with almost 60 years of standing and providing assurance and advisory services to reputed Indian companies and delivering excellence in Accounting, Auditing, Taxation, Assurance and Business Advisory services. It has Nine FCA and Two ACA partners, Six Qualified Assistants. It is a professionally managed, services oriented and knowledge based CA Firm. It has Head Office at Kanpur and has branch in Lucknow. Dr. Rishabh Jain is now the Managing Partner of the Firm.

7. M/s. V. K. Jindal & Co., Chartered Accountants, Ranchi

V. K. JINDAL & CO., Chartered Accountants, established in 1980, having head office at Ranchi (Jharkhand) and 4 branches at Varanasi (UP), Hazaribagh (Jharkhand), Ahemdabad (Gujarat) & New Delhi. The firm have 12 partners with interdisciplinary qualification namely ISA, CISA, DIRM, IFRS, CMA and LLB etc. The team includes over 100 employees including CAs and other domain experts. The Firm with its 40 years of standing conducted statutory Audit of NTPC Limited for the 2019-20. The firm has also carried out the statutory audit of Central Coalfield Limited, Heavy Engineering Corporation Limited & MECON Ltd. The Firm has also carried out the Central Statutory audit of State bank of India and State Bank of Indore. Apart from these audit the firm has rich experience in carrying out the audit of various private companies and concerns and concurrent audit of various banks including Reserve Bank of India. The Firm is currently carrying out the statutory audit of Universal Sumpo General Insurance Company Limited.

---