Diamond Infosystems Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Jun 2017
Auditor and Management Disclosures and Notes for the quarterly results dated 30 Jun 2017
1. The above Unaudited Financial Results have been reviewed by Statutory Auditor & the Audit Committee of the Board of Directors and the same have been taken on record at the Board Meeting held on 04/09/2017.
2. The Company has adopted ind AS with effect from 01.04.2017 therefore In AS transition date is w.e.f. 01 04.2016 & for that comparative figures of 30.06.2016 is restated. Accordingly, the impact of transition has been provided and figures for that period has been restated.
3. The financial results of the Company have been prepared in accordance with Indian Accounting Statdards prescribed under section 133 of the Companies Act, 2013 read with relevant rules thereunder and in terms with Regulation 33 of SFBI (LODR), 2015 and SEBI Circular dated 05.07.2016. The company had prepared the reconciliation of the net profit for the quarter ended June 2016.
4. Reconciliation of results between previous Indian GAAP and Ind AS.
5. Exceptional Item is the Adjustment due to Measuring Quoted Investments at Fair Value thru Profit & Loss Account net of tax.
6. The Company is presently doing business in information technology business.
7. Sales includes sales of All divisions and Branches of the Company.