CG-VAK Software & Exports 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 Standalone Financial Results for the Quarter and Nine months ended December 31, 2018 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their Board meeting held on 31.01.2019. The same have been subjected to Limited Review by the Statutory Auditors.

2. Segment Reporting:

The Chairman and Managing Director & CEO of the Company has been identified as the Chief Operating Decision Makers (CODM) as defined by IND AS 108, "Operating Segments". The Company operates in one segment only i.e., "Information Technology Services". The CODM evaluates Performance of the Company based on revenue and operating income from the above segment. Accordingly, segment information has not been separately disclosed.

3. Effective April 01, 2018, the Company has adopted IND AS 115 'Revenue from Contracts with Customers'. The application of IND AS 115 did not have any material impact on the financial statements of the Company.

4. Figures for the previous year have been regrouped/rearranged wherever necesssary to correspond with current period figures.

G Suresh
Managing Director & CEO