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

1.The above results have been reviewed by the Audit Committee in the meeting held on May 30, 2017 and further approved by the Board of Directors at its meetings held on May 30,2017 and have been audited by the auditors of the Company.

2. This Statement has been prepared I accordance with the companies (Indian Accounting Standards) Rules, 2015 (Ins AS) prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable, beginning 1st April, 2016, the Company has for the first time adopted Ind AS with a transition date of 1st April 2015.

3. The format for unaudited results as prescribed in SEBI's circular dated 31st March 2015 has been modified to comply with the requirement of SEBI's circular dated 5th July 2016, Ind AS and Schedule III (Division II) of the Companies Act. 2013, applicable to companies that are required to comply with Ind AS.

4. The reconciliation of net profit reported in accordance with previous Indian GAAP for the quarter ended 31st March, 2016 lo Total Comprehensive Income in accordance with ind AS :
For Table, kindly refer Corporate Announcements on www.bseindia.com.

4.a. Under previous GAAP, corents Investments were measured at lower of cost of fair value and long term investments were measured at cost less diminution in value which is.

4.b. Under the previous GAAP, Actuarial gains and losses were recognized in profit or loss. Under ind AS the actuarial gain and losses from part of remeasurement of net defined benefit liability\assets which recognized in other comprehensive income in the respective periods.

5. Investor complaint pending at the beginning of the quarter was Nil. No new Investor complaints were received and resolved during the current quarter and therefore no Investor complaint pending at the end of the quarter.

6. Fixed assets used in the Company's business cannot be specifically identified with any of the reportable segments, as these are used interchangeably between various segments. The Management believes that It has not provided segment-wise disclosures relating to total assets and liabilities since a meaningful segregation of the available data is not possible.

7. The results are also available on the website of the company at fcsltd.com.

8. Previous period / year figures are regrouped/reclassified, wherever.