Tata Elxsi Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018

Auditor and Management Disclosures and Notes for the quarterly results dated 31 Dec 2018

1. These results have been prepared in accordance with the Ind AS notified under Companies (Indian Accounting Standards) Rules 2015. These results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on January 8, 2019. The statutory auditors have expressed an unmodified audit opinion on these results.

2. Other income includes:For Table, kindly refer Corporate Announcements on

3. The earnings per share (basic and diluted) for the interim periods have not been annualised.

4. Effective April 1, 2018 the Company has adopted Ind AS 115 "Revenue from contract with customers" by applying the cumulative effect method to all the contracts that were not completed as of April 1, 2018 and accordingly, the comparative information has not been restated. The adoption of the standard did not have any material impact to the financial statements of the Company for the quarter and nine months ended December 31, 2018.

5. Previous periods'/year's figures have been regrouped wherever necessary.

Madhukar Dev
Managing Director.