Cella Space Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2018

1. The above results (Standalone / consolidated) of the company where reviewed by the audit committee on June 13, 2018 and approved by the Board of Directors at the meeting held on June 13, 2018. In terms of SEBI Circular dated 27th May 2016, the company here by declares that the statutory auditors have issued audit report both for standalone and consolidated financial results with unmodified opinion for the year ended 31st March 2018.

2. Beginning 1st April 2017, the company has for the first time adopted the Indian Accounting Standards (IND-AS) with transition date of 1st April 2018. These financial results have been prepared in accordance with FND-AS prescribed under section 133 of The Company's Act, 2013, read with the relevant rules thereunder and in terms of Regulation 33 of Securities and Exchange Board of India (Listing obligations and disclosure requirements), regulations, 2015 (SEBI Regulations) and SEBI Circular dated July 05, 2016. The Company has also prepared a reconciliation of equity and net profit / (loss) for the corresponding period under the previous applicable generally accepted accounting principles (previous GAAP) with the equity and total comprehensive income as reported in these standalone financial results under IND-AS.

3. Previous periods figures have been regrouped / reclassified wherever necessary to correspond with the current periods classification / disclosures.