Times Guaranty 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. The above unaudited Financial Results were reviewed by the Audit Committee at its Meeting held on January 29, 2019 and taken on record by the Board of Directors at their Meeting held on January 29, 2019 and the Limited Review of the same has been carried out by the Statutory Auditors.

2. The Company is operating in a single segment as defined in AS-17, hence segment reporting is not applicable to the Company.

3. The Company has unabsorbed depreciation and carried forward losses available for set-off. in view of uncertainty regarding
generation of future taxable profit on prudent basis, deferred tax asset has not been recognized in the accounts

4. Figures of the previous periods have been regrouped/recast/reclassified wherever considered necessary.

Anita Malusare
Executive Director and Chief Executive Officer