Annexure A to the Independent Auditor’s Report on the Consolidated Financial Statements of Fractal Analytics Limited (formerly known as Fractal Analytics Private Limited) for the year ended 31 March 2024 (Referred to in paragraph 1 under ‘Report on Other Legal and Regulatory Requirements’ section of our report of even date) (xxi) In our opinion and according to the information and explanations given to us, following companies incorporated in India and included in the consolidated financial statements, have unfavourable remarks, qualification or adverse remarks given by its respective auditors in their reports under the Companies (Auditor’s Report) Order, 2020 (CARO):
Independent Auditor’s Report
Further, where audit trail (edit log) facility was enabled and operated throughout the year, we and the auditors of the subsidiary companies did not come across any instance of audit trail feature being tampered with during the course of the audits. C. With respect to the matter to be included in the Auditor’s Report under Section 197(16) of the Act: In our opinion and according to the information and explanations given to us and based on the reports of the statutory auditors of such subsidiary companies incorporated in India which were not audited by us, the provisions of Section 197 of the Act are not applicable to the Holding Company and its subsidiary companies incorporated in India since none of these companies is a public company. The Ministry of Corporate Affairs has not prescribed other details under Section 197(16) of the Act which are required to be commented upon by us.
Holding Company/ Subsidiary/ JV/ Associate
Clause number of the CARO report which is unfavourable or qualified or adverse
Sr. No. Name of the entities
CIN
1 Cuddle Artificial Intelligence Private Limited 2 Senseforth AI Research Private Limited 3 Analytics Vidhya Educon Private Limited
U74999MH201 6PTC283206 U72900KA2017 PTC101706 U80904MP201 4PTC032389
Subsidiary
(xvii) relating to cash losses
Subsidiary
(xvii) relating to cash losses
Subsidiary
(xvii) relating to cash losses
The above does not include comments, if any, in respect of the following entities as the CARO report relating to them has not been issued by its auditor till the date of principal auditor’s report. Name of the entities CIN Subsidiary/ JV/ Associate Qure.ai Technologies Private Limited U74999MH2016PTC283891 Associate
For B S R & Co. LLP Chartered Accountants Firm’s Registration No.:101248W/W-100022
For B S R & Co. LLP Chartered Accountants Firm’s Registration No.:101248W/W-100022
Rajesh Mehra Partner Membership No.: 103145 ICAI UDIN:24103145BKFWLL2819
Rajesh Mehra Partner Membership No.: 103145 ICAI UDIN:24103145BKFWLL2819
Place: Mumbai Date: 17 June 2024
Place: Mumbai Date: 17 June 2024
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Fractal Analytics Limited | Annual Report 2023-24
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