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Indo-City Infotech 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 and taken on record by the Board of Directors at their meeting held on January 30, 2019. The Statutory Auditors of the Company have carried out the Limited Review of the financial results for the quarter and nine month ended December 31, 2018 and an unqualified review report has been issued.

2) Figures relating to the previous period(s)/ year have been regrouped/ rearranged, wherever necessary, to make them comparable with those of the current period.

3) The Earing per Share has been calculated on face value of Rs. 10/- each for the current year as well as for all previous reported period in accordance with Accounting Standard 20 on Earning Per Share issued by the Institute of Chartered Accountants of India.

4) The Company has only finance related income, hence the company does not have seprated reportable business segment for the quarter and nine month ended December 31, 2018 as per the Accounting Standard -17 Segment Reporting issued by the Institute of Chartered Accountants of India.

5) The Deferred Tax has been calculated in accordance with Accounting Standard 22 for " Taxes on Income" issued by the Institute of Chartered Accountants of India.