REC LIMITED — Audit Report / Information 2024

Sep 26, 2024

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Jyoti Shubhra Amitabh Digitally signed by Jyoti Shubhra Amitabh DN: c=IN, o=Personal,CID - 6992566, pseudonym=20240829162233235, 2.5.4.20=96ed5c3c20972a0f47df962fdc4a780c9e9024cf91b3ff6f7d5f85abae7d8510, postalCode=201301, st=Uttar Pradesh, title=0573, serialNumber=159303584c6c1556d495ded817d8acafb7052d4bc2ffef2356115a0e92ae00ac, cn=Jyoti Shubhra Amitabh Date: 2024.09.26 18:56:24 +05'30'
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Annexure-1

Brief profile of Statutory Auditors

M/s Kailash Chand Jain & Co.

M/s S C V & Co. LLP

M/s. Kailash Chand Jain & Co. is a firm of Chartered Accountants that was founded in 1990. The firm has offices in Mumbai (Head Office), Delhi, Indore, Bhopal, and Raipur. There are 14 partners in total for the firm, and 3 of them are DISA-qualified. The firm provides a wide range of professional services to its clients, including audit and assurance, financial and business consulting, tax (direct and indirect) and litigation, transaction advisory, and due diligence consulting. Clients of the firm come from a variety of fields, including the public and private sectors of industry, public sector banks, non-banking financial services, charitable organizations, manufacturing, trading, and financial services firms, among others. In addition, our company has empanelled with the IBA for forensic audits and the Agency for Specialized Monitoring (ASM). Forensic audit and ASM tasks frequently include the use of advanced Excel skills and analytical tools.

M/s SCV & Co. LLP is a professional services firm comprising of over two hundred and fifty committed team members and fifteen Partners having five offices (Delhi, Noida, Ludhiana, Mumbai and Bengaluru). Two chartered accountancy firms M/s. S.P. Puri & Co. and M/s. S.C. Vasudeva & Co., had merged to form SCV & Co. with effect from 1st April 2018 which has since been converted to a Limited Liability Partnership. Mr. Puri and Mr. Vasudeva, both qualified as Chartered Accountants in early 1960s. Mr. Puri and Mr. Vasudeva both being contemporaries reorganised and expanded their respective practices in 1976. The primary service offerings of SCV & Co. LLP are Assurance, Risk Advisory, Tax Advisory, Corporate Advisory and Outsourcing. The firm has experience working with clients across various industries in India and in overseas jurisdictions. The firm has industry relevant experience in Banking, NBFC, Auto, Sugar, FMCG, Commodities, EPC, Engineering, Facility Management, Fertilizers, Healthcare, Hospitality, IT, ITES, Insurance, Infrastructure, Manufacturing, Media, Mining, MRO, NPO, Paper, Plastics, Pharmaceuticals, Power, Steel, Textiles, andTelecomsectors.

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