Info-Drive Software Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2017

1. The Audited Financial results were reviewed by the Audit Committee and taken on record by the Board of directors at their meeting held on February 14, 2018.

In Compliance to the Ministry of Corporate Affairs Notification dated February 16, 2015, announcing the Companies (Indian Accounting Standards) Rules, 2015, the Company has prepared its financial statements adopting the IND AS with effect from April 01, 2017 based on the SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 05. 2016. The Company has presented the results for the previous period under Ind AS, the reconciliation of net profit is provided as below for the previous quarter in accordance with the requirements of paragraph 32 of Ind AS 101- First time adoption of Ind AS. (For Table, kindly refer Corporate Announcements on www.bseindia.com.)

The Ind AS financial results for the quarter ended 30th September 2016 have not been subjected to Limited Review or audit. However management has exercised necessary diligence to ensure financial results provide true & fair view of the results in accordance with Ind AS.

3. As there is no transaction for our Singapore Branch the same has not been considered.

4. The entire operations of the Company are related to one segment viz.. Information Technology.