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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">NOTES :  n  n1. The standalone financial results of Indraprastha Gas Limited ('IGL' or the 'Company') for the year and quarter ended 31 March 2018 and consolidated financial results for the year ended 31 March 2018 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 23 May 2018. The statutory auditors of the Company have expressed an unmodified audit opinion on these results.  n  n2. Delhi Development Authority (DDA) has raised a total demand of Rs.155.64 crores during 2013-14 on account of increase in license fees in respect of sites taken by the Company on lease from DDA for setting up compressed natural gas (CNG) stations in Delhi. The increase in license fees was related to the period 1 April 2007 to 31 March 2014. The Company has filed a writ petition on 11 October 2013 before the Hon'ble Delhi High Court against the demand raised by DDA as the revised license fees has been increased manifold and made applicable retrospectively from financial year 2007-08. Further, DDA vide communication dated 29 August 2016 has revised the total demand to Rs.330.73 crores for the period upto 31 March 2016. The same was also reported in the previous year as a contingent liability.   n  nThe matter is pending in the Hon'ble High Court of Delhi and the Company is of the view that such demand is not tenable and accordingly no provision has been made for this aforementioned demand raised by DDA in the books of accounts.  n  n3.The shareholders of the Company in their annual general meeting held on 28 September 2017 approved sub-division of each equity share having a face value of Rs.10 into five equity shares having a face value of Rs.2 each. The record date for the sub-division was 10 November 2017. Accordingly, each equity share having face value of Rs.10 each was sub-divided into five equity shares of Rs.2 each and per share information in the above financial results have been restated to reflect the effect of this sub-division for each of the periods presented.  n  n4.Figures for the quarters ended 31 March 2018 and 31 March 2017 represent the balancing figures between the audited figures for the full financial year and published year to date figures upto the third quarter of the respective financial years.  n  n5. The Company's business falls within a single segment in terms of the Indian Accounting Standard 108, 'Operating Segments' and hence no additional disclosures are being furnished.  n  n6. The Board of Directors have recommended a final dividend of 100% i.e. Rs.2.00 (previous year Rs.5.00) on equity shares of Rs. 2 (previous year Rs. 10) each for the year ended 31 March 2018, subject to approval of shareholders at the ensuing annual general meeting.  n  n7. The audited results for the year ended 31 March 2018 are subject to review by the Comptroller and Auditor General of India under section 143(6) and 143(7) of the Companies Act, 2013.  n </in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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