Hypersoft Technologies Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018
Auditor and Management Disclosures and Notes for the quarterly results dated 31 Dec 2018
1. The company has presented, for the first time, its financial results under Indian accounting Standards ("Ind AS") from April 1. 2017 and accordingly these financial results have been prepared in accordance with the reognition and measurement principles laid down in the Ind AS 34, Interim Finncial Reporting prescribed underSection 133 of the Companies Act, 2013 red with the relevent rules issued thereunder and other accounting principles generally accepted in India. Financial Results for the Comparative Previous have also been presented in accordance with the recognition and measurement principles of Indian AS.
2. The Standalone Financial Results are reviewed by the StautoryAuditors of the Company as per Regulation 33 of the SEBI (Listing Obligation and Discolosure Requirements) Regulations, 2015.
3. The entire operation of the Company relates to only one Sigment viz., Development of Software Applications and Consultancy. Hence Segmental reporting as per Ind AS 108 is not applicable.
4. Previous Year / Priod figures have been regrouped and recast, whereever necessary in line with the current period presentation.
5. The aforementioned results are taken on record by theBoard of Direcors at its meeting held on 04-02-2019
6. The resuls are for the quarter ended 31st December 2018 are also available on he Bombay Stock Exchange website.
Place: Secunderabad For Hypersoft Technologies Limited