FCS Software Solutions Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2018

1. The above results have been reviewed by the Audit Committee in the meeting held on 29th May, 2018 and further approved by the Board of Directors at its meetings held on 29th May, 2018 and have been audited by the auditors of the Company

2. This statement has been prepared in 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, 2017,

3. The format for unaudited results as prescribed in SEBI's circular dated 30th November 2015 has been modified to comply with the requirement of SEBJs 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. Investor complaint was received during the quarter and the same were resolved therefore, no complaints were pending at the end of the quarter,

5. a) 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.

b) Prior period expense of Rs. 55.40 Lakhs pertaining to year ended March 31, 2015, March 31, 2016 & March 31, 2017 is adjusted via Reserves & surplus. Further depreciation of Rs. 77.60 Lakhs pertaining to year ended March 31, 2015 has been charged to reserves as per Schedule II of the Companies Act, 2013.

6. For the valuation of investment made in all companies including subsidiaries, net asset value is considered as fair Market value.

7. Revenue relating to Software Export includes unbilled revenue to the extent of Rs. 2.20 Crores for the quarter ended March 31, 2018 which is recognised on the basis of percentage completion method. The use of Percentage completion method required the company to estimate the efforts or costs expended to date as a proportion to the total efforts or costs to be expended.

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