Integrated Capital Services Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021

1)The above Audited consolidated financial results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on June 11,

2021.



2) The Statutory Auditors of the Company have carried out the audit of the aforesaid standalone and consolidated financial results for the quarter and year ended on

March 31, 2021 in accordance with Regulation 33 of the SEBI (Listing Obligation and Disclosures Requirements) Regulations, 2015 and the Company hereby

declares and confirms that Auditor's Report on the audited standalone and consolidated financial results of the Company is with unmodified opinion.



3) In line with the provisions of Ind AS-108 ‘Operating Segments’ as notified under the Companies (Ind AS) Rules, 2015, and as provided in section 133 of the

Companies Act, 2013, the operations of the Company fall under the head “providing consultancy and advisory services”, which is considered to be the only

reportable segment by the management. Pursuant to change in Object Clause of the Company, the activities of the Company are services in the nature of advisory

in matters related to Insolvency and Bankruptcy. The spread of COVID-19 Pandemic has had an effect on operations of the Company. The Company is in process

of making an application to Insolvency Bankruptcy Board of India for recognition as an Insolvency Professional Entity.



4) Mr. Brijinder Bhushan Deora had vide letter dated June 21, 2020 had requested the Company for declassification from “Promoter and Promoter Group” category

to “Public” category which was approved by the Board of Directors in its meeting held on July 31, 2020 and by shareholders of the Company in the Extra-Ordinary

General Meeting held on December 17, 2020.

The Company has filed application dated 05.01.2021 with BSE Limited seeking approval for the aforesaid reclassification.

Mr. Brijinder Bhushan Deora vide letter dated March 26, 2021 withdrew his earlier letter dated June 21, 2020 seeking reclassification.

The Board of Directors discussed the withdrawal of Mr. Brijinder Bhushan Deora from seeking reclassification from "Promoter and Promoter Group" category to

"Public" category and approved thereof was intimated to BSE on 26.03.2021. The Application of the Company is under processeing at BSE Limited