Arvind SmartSpaces Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2017

1. The Standalone financial results of the Company for the quarter and year ended on March 31, 2017 have been reviewed by the Audit Committee and taken on record by the Board of Directors at their meeting held on May 12, 2017.

2. The Company's business falls within a single business segment of Developing of commercial and residential units. Hence, disclosures under Accounting Standard (AS) 17 - Segment Reporting are not reported upon separately.

3. The Company is engaged in real estate business, whose nature is such that profits / losses do not necessarily accrue evenly over the period, accordingly, the results of a quarter are not indicative of the overall performance of the period.

4. previous period figures have been re-grouped, re-arranged, and re-classified wherever necessary to confirm to current period's classification.

5. The figures for the quarter ended March 31, 2017 and March 31, 2016 are the balancing figures between audited figures in respect of the full financial year and the reviewed published year-to-date figures upto the quarter ended December 31, 2016 and December 31, 2015 respectively.

6. Other operating income for the quarter and year ended 31st March, 2017 includes Rs. 2,215.44 lacs being the share of profit from Limited Liability Partnership (LLP)