Kalpataru Projects International Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018

1. The above results were reviewed by the Audit Committee and approved by the Board at their meeting held on February 1, 2019. The same have been subjected to Limited Review by the Statutory Auditors 2. Revenue for the period upto June 30, 2017 includes excise duty collected from customers. Revenue from July 01, 2017 onwards is exclusive of Goods and Service tax which subsumed excise duty 3. The Company has adopted Ind AS 115 "Revenue from contract with customer" with effect from April 1, 2018, with a modified retrospective approach. The cumulative effect of initial application of Ind AS 115, has been adjusted in opening retained earnings, which is not material, as permitted by standard. Similar impact on the financial results of the quarter and nine months ended December 31, 2018 is also not material 4. The company is primarily engaged in the business of Engineering, Procurement and Construction (EPC) relating to infrastructure comprising power transmission & distribution, railway track laying & electrification, oil & gas pipelines laying, etc. Information reported to and evaluated regularly by the chief operating decision maker (CODM) for the purposes of resource allocation and assessing performance focuses on the business as a whole and accordingly, in the context of Operating Segment as defined under the Indian Accounting Standard 108, there is single reportable segment