Educomp Solutions Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2017

1. Pursuant to an application for Corporate Insolvency Resolution Process ('CIRP") under Section 10 of the Insolvency and Bankruptcy Code, 2016 (“the Code”) on May 12, 2017, Honble National Company Law Tribunal, Delhi ('Adjudicating Authority"), vide its order dated 30th May 2017, had ordered the commencement of CIRP In respect of the Company under the provisions of Code Thereafter, in accordance with Section 17 of the Code, the powers of the Board stood suspended and Dr. Sanjeev Aggarwal was appointed as Interim resolution professional of the Company. The IRP earned out his duties from May 30, 2017 till Mr. Mahender Khandelwal was appointed as Resolution Professional (RP) vide the order of NCLT dated September 12, 2017 and took over me management of the affairs of the Company. Hence, the attached financial results are not approved by the Audit Committee and Board of Directors of the Company. These financial results are prepareo ard Initiated by RP in order to meet the compliance.

2. The audited financial results for the year ended March 31, 2017 have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind-AS) prescribed under section 133 of the Companies Act, 2013 and other recognized accounting practices and policies, to the extent, applicable. Beginning FY 16-17, the company has for the first time adopted Ind-AS together with Ind-AS compliant comparatives for FY15-16 (transition dale Apni 01,2015). Accordingly, figures for tne previous period are re-casted/regrouped as per new requirements wherever necessary.

3 Reconciliation of financial results of corresponding quarter and year ended March 31, 2017 pertaining to financial year 2015-16 to those reported under previous Generaly Accepted Accoonting principles (GAAP) are summarised as follows:-For Table, kindly refer Corporate Announcements on www.bseindia.com.