Firstsource Solutions Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2018
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2018
1. The audited standalone financial statements for the quarter and year ended March 31. 2018 have been taken on record by the Board of Directors at its meeting held on May 7. 2018 The statutory auditors have expressed an unmodified audit opinion. The information presented above is extracted from the audited standalone financial statements These financial statements are prepared in accordance with the Indian Accounting Standard (Ind AS) as prescribed under Section 133 of the Companies Act. 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules. 2015 and Companies (Indian Accounting Standards) Amendment Rules. 2016.
2. During the year ended March 31, 2018, 5.214,482 equity shares were issued pursuant to exercise of stock options under the Employee Stock Option Scheme of the Company.
a. The Board of Directors at its meeting held on 07 May 2018 have recommended a maiden dividend of Rs 1 50 per equity share for the financial year ended March 31, 2018.
3. As per Ind AS 108 - Operating Segment, if a financial report contains both consolidated financial statements of a parent that is within the scope of this Ind AS as well as the parent's separate financial statements, segment information is required only in the consolidated financial statements. Accordingly, information required to be presented under Ind AS 108 - Operating Segment has been given the consolidated financial results.