EFTA Document EFTA01366868

Amendment #4 Page 439 of 868 7: f:, c The Cc panes have recognized tax benefits cry for tax posbons that me more likely than not to be sustaned upon examinatcn by tax 8i-tonnes. As of March 31. 2015 and 2014, the total urrecognized tax tenet es amounted to INR 13,900,766 and NR 13,900366, respectively, towards tax benefes and deductibilny of expenses which resat n a reduction or unabsorbed deprecation caryfawards These trrecograed tax benefits, t recognised, would affect the effective tax