M&M Financial Statement

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The Consolidated Financial Statements have been prepared by the Company in

accordance with the requirements of Accounting Standard 21 (Consolidated


Financial Statements), Accounting Standard 23 (Accounting for Investment in
Associates in Consolidated Financial Statements) and Accounting Standard 27
(Financial Reporting of Interests in Joint Ventures) as notified under the
Companies (Accounting Standards) Rules, 2006.

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