Hexaware Technologies Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Sep 2018

D) Notes:-

1) The Consolidated audited financial results and standalone audited financial results of the Company, reviewed and recommended by the Audit Committee, were taken on record by the Board of Directors of the Company at its meeting held on October 24, 2018.



The Company has opted to publish only consolidated audited financial results, along with information on audited standalone results as per the amended guidelines issued by the Securities and Exchange Board of India. Standalone audited results are available on the Company's website.



2) Information on segments has been disclosed on a consolidated basis in accordance with Ind AS 108 "Operating Segment"



3) Other income for the quarter ended June 30, 2018 and nine months ended September 30, 2018 of the Consolidated financial results includes Rs 27.39 million of liability no longer payable written back, consequent to the termination of contract with a Russian vendor in respect of customer contracts / relationships.



4) Operation and other expenses of the Standalone financial results include provision for impairment in value of investments in wholly owned subsidiaries, resulting primarily from its accumulated losses:

a. Rs. 33.65 million for the quarter ended September 30, 2018 (quarter ended June 30, 2018 Rs. 88.00 million and for the nine months ended September 30, 2018 Rs. 121.65 million) in respect of investment in Hexaware Technologies LLC, Russia



b. Rs. 11.14 million for the quarter and nine months ended September 30, 2018 in respect of investment in Guangzhou Hexaware Information Technologies Company Limited, China.



5) The Board of Directors have declared an interim dividend of Re. 2.50 per share (125%) on an equity share of Rs. 2/- each, at its meeting held on October 24, 2018.



6) Figures for the previous period has been regrouped wherever necessary to conform to the current period.


R Srikrishna
CEO & Executive Director