Heritage Foods Limited

Heritage Foods Limited 154 Inherent Limitations of Internal Financial Controls with Reference to Standalone Financial Statements 7. Because of the inherent limitations of internal fi nancial controls with reference to standalone fi nancial statements, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of theinternal fi nancial controls with reference to standalone fi nancial statements to future periods are subject to the risk that the internal fi nancial controls with reference to standalone fi nancial statements may become inadequate because of changes inconditions, or that the degree of compliance with the policies or procedures may deteriorate. Opinion 8. In our opinion, the Company has, in all material respects, adequate internal fi nancial controls with reference to standalone fi nancial statements and such controls were operating e ff ectively as at 31 March 2021, based on the internal control over fi nancial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note issued by the ICAI. For Walker Chandiok & Co LLP Chartered Accountants Firm’s Registration No.: 001076N/N500013 Sanjay Kumar Jain Partner Membership No.:207660 UDIN: 21207660AAAACY2569 Place: Hyderabad Date: 19 May 2021