Aptech Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2023

The above Unaudited Standalone Financial Results for the Quarter and nine months ended December 31, 2023 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on February 06, 2024, the Standalone Financial Results of the Company have been prepared in accordance with the Indian Accounting Standards (IND AS) as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and the other accounting principles generally accepted in India. The unaudited standalone financials Results for the quarter and none month ended December 31, 2023 have been subjected to limited review by the Statutory auditors.



Income tax expenses forthe interim period is recognized based on the nest estimate of the weighted average annual income tax rate expected for the full financial year. Income by way of dividend for which full deduction is available under Section 80M is not considered for the purposed of determining the weihghted average annual income tax rate.



Deferred tax for the year ended March 31. 2023 includes recognition of MAT credit Entitlement of Rs. 1491.11 lakhs on the basis that the Company will have sufficient taxable profits against which such unulitised credit will be available for set off.



The Company has allotteed 16541,152 fully paid-up share of face value Rs. 10 /- each during the quarter September 30, 2023 in the ratio of two equity shares for every five equity shares held, pursuant to bonus issue approved by the shareholders through postal ballot. The bonus shares were issued by capitalization of profit transferred from Capita Redemption Reserve. As a result of the capitalisation of bonus issue, Earnings per share (basic and diluted) for all periods presented has been adjusted restropectively.l