Hexaware Technologies Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2018
Auditor and Management Disclosures and Notes for the quarterly results dated 31 Mar 2018
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 May 3, 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. Figures of the quarter ended 31st December are the balancing figures between audited figures in respect of the full financial year ended 31 st December and the audited figures upto the third quarter of such financial year.
4. The Board of Directors have declared an interim dividend of Re. 1/- per share (50%) on an equity share of Rs. 2/- each, at its meeting held on May 3, 2018.
5. The shareholders at its extra ordinary general meeting held on April 24, 2017 approved the scheme of merger of Risk Technology International Limited, a wholly owned subsidiary, with itself which was further approved by the National Company Law Tribunal ("NCLT") vide its order dated July 6, 2017. In accordance with the scheme and Appendix C to the Ind AS 103 Business Combination, the said merger was accounted using the pooling of interest method and accordingly, figures of Quarter ended 31st March 2017 of standalone financials have been restated.
6. Figures for the previous period has been regrouped wherever necessary to conform to the current period.