Hi @RupaJ
Yes, that's right with a condition that integrity of the backup version for /opt/sas is good and cold backup was performed when no file or process was in use.
Also, if you revert back, start the SAS services and users update any content in the older version, you will loose all that as you have already upgraded the system to M7. It's not recommended unless there is something you are trying to fix using this approach.