Page 61 - InterloopAnnualReport2021

INDEPENDENT

REVIEW REPORT TO THE

MEMBERS ON STATEMENT

OF COMPLIANCE

Review Report on the Statement of Compliance Contained In Listed Companies
(Code of Corporate Governance) Regulations, 2019

We have reviewed the enclosed Statement of Compliance with the Listed Companies (Code of Corporate Governance)
Regulation, 2019 (the Regulations) prepared by the Board of Directors of Interloop Limited (the company) for the year
ended June 30, 2021, in accordance with the requirements of regulation 36 of the Regulations.

The responsibility for compliance with the Regulations is that of the Board of Directors of the company. Our Responsibility
is to review whether the Statement of Compliance reflects the status of the company’s compliance with the provisions of
the Regulations and report if it does not and to highlight any non-compliance with the requirements of the Regulations.
A review is limited primarily to inquiries of the company’s personnel and review of various documents prepared by the
company to comply with the Regulations.

As a part of our audit of the financial statements we are required to obtain an understanding of the accounting and internal
control system sufficient to plan the audit and develop an effective audit approach. We are not required to consider
whether the Board of Directors’ Statement on internal control covers all risks and controls or to form an opinion on the
effectiveness of such internal controls, the company’s corporate governance procedures and risks.

The Regulations require the company to place before the Audit Committee, and upon recommendations of the Audit
Committee place before the Board of Directors for their review and approval, its related party transactions. We are only
required and have ensured compliance of this requirement to the extent of the approval of the related party transactions
by the Board of Directors upon recommendation of the Audit Committee.

Based on our review, nothing has come to our attention which causes us to believe that the Statement of Compliance
does not appropriately reflect the company’s compliance, in all material respects, with the requirements contained in the
Regulations as applicable to the company for the year ended June 30, 2021.

KRESTON HYDER BHIMJI & CO.
DATED: September 15, 2021 CHARTERED ACCOUNANTS
FAISALABAD Engagement Partner: Syed Aftab Hameed

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