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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on May 24, 2019.   n  n2.The Board of Directors have recommended a dividend of  Rs1.50 per equity share for the year 2018-19, which is subject to approval of the shareholders.  n  n3.Consequent to the introduction of Goods and Services Tax (GST) with effect from July 1, 2017, Central Excise, Value Added Tax (VAT), Service Tax etc. have been replaced by GST.  In accordance with Indian Accounting Standards and Schedule III of the Companies Act, 2013, GST is not to be included in Revenue from operations in post GST periods.  Therefore, Revenue from operations for the year ended March 31, 2019 is not comparable with the corresponding period of previous year.  n  n4.The figures for the quarter ended March 31, 2019 and March 31, 2018 are the balancing figures between audited figures in respect of the full financial year up to March 31, 2019 and March 31, 2018, respectively and unaudited published year to date figures up to December 31, 2018 and December 31, 2017 respectively. The standalone results for the nine months ended December 31, 2018 and December 31, 2017 and the consolidated results for the nine months ended December 31, 2018 have been subjected to limited review by the statutory auditors. The Company has availed the option to submit the consolidated financial results from the quarter ended June 30, 2018 onwards. The consolidated financial results for the nine months ended December 31, 2017 have not been audited or reviewed by the statutory auditors and have been prepared by Management based on the books of account including financial results/information of the material components reviewed by the respective auditors. Management has exercised necessary due diligence to ensure that the consolidated financial results for the nine months ended December 31, 2017 provide a true and fair view of the Company's affairs.tttttttttt  n5.The Company, its Subsidiaries and Associates are primarily engaged in Construction / Project activities and there are no other reportable segments under Ind AS 108  Operating Segments .t  n  n6.Exceptional items in financial results pertain to provision towards adverse award, impairment of investment / loan / advance / interest / goodwill and profit on sale of investment. ttttttttt  ntttttttttt  n7.The new accounting standard Ind AS 115 (Revenue from Contracts with Customers) is effective from April 1, 2018. In line with Ind AS 115, the Company has chosen to apply the modified retrospective approach and hence it has changed its income recognition policy in line with Ind AS 115 and the impact of the same on the financial results for the quarter and year ended March 31, 2019 is not material.  Under modified retrospective approach, the comparatives for the previous period figures are not required to be restated and hence are not comparable with the current period.tttttttttt  ntttttttttt  ntttttttttt  n </in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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