Page 195 - Hitachi IR 2025

ANNEXURE-1
MD/CFO CERTIFICATE
To,
The Board of Directors,
Hitachi Energy India Limited
We certify that:
A. B. C. D. E. We have reviewed the financial statements and the cash flow statement of Hitachi Energy India Limited for the
financial year ended March 31, 2025 and that to the best of our knowledge and belief:
1. These statements do not contain any materially untrue statement or omit any material fact or contain
statements that might be misleading.
2. These statements together present a true and fair view of the Company’s affairs and are in compliance with
existing accounting standards, applicable laws and regulations.
To the best of our knowledge and belief, no transactions entered into by the Company during the period are
fraudulent, illegal or violates the code of conduct of the Company.
We accept responsibility for establishing and maintaining internal controls over financial reporting and that we
have evaluated the effectiveness of internal control systems of the Company over financial reporting, and we
have disclosed to the Auditors and the Audit Committee, deficiencies in the design or operation of such internal
controls over financial reporting, if any, of which we are aware and the steps we have taken, propose to take,
to rectify these deficiencies. In our opinion, there are adequate internal controls over financial reporting;
We have indicated to the Auditors and the Audit Committee that there are:
1. 2. 3. No significant changes in internal control over financial reporting during the period.
No significant changes in the accounting policies; and
No instances of fraud of which we have become aware and the involvement there in, if any, of the management
or an employee having a significant role in the Company’s internal control systems over financial reporting.
We affirm that we have not denied any personnel access to the Audit Committee of the Company, and we have
provided protection to whistle-blowers from unfair termination and other unfair or prejudicial employment practices.
We further declare that all Board members and senior management personnel have affirmed compliance with the
Code of Conduct and Ethics for the period covered by this report.
Place: Bengaluru
Date: May 14, 2025
Nuguri Venu
Managing Director and CEO
(DIN: 07032076)
Ajay Singh
Chief Financial Officer
Integrated Annual Report 2024-25
193