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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1. The Company operates in single reportable segment namely 'Engines'.  n  n2. The above statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.  n  n3.The company opted to exercise the option under section 115BAA of the Income Tax Act, 1961 as introduced by the taxation Laws (Amendment) Ordinance, 2019. Accordingly, the company has recognised provision for income tax for nine months ended December 2019 and remeasured its deferred tax basis in accordance with the prescribed rate. The full impact of this change has been recognised in the quarter ended 31 December 2019.  n  n4. Effective 1 April , 2019, the Company adopted Ind AS 116  Leases , applied to lease contracts existing on 1 April , 2019 using the modified retrospective method along with the transition option to recognise Right-of-Use asset (ROU) at an amount equal to the lease liability. Accordingly, comparatives for the previous quarters and year ended March 31, 2019 have not been retrospectively adjusted. The effect of this adoption is not material on the profit for the quarter &amp; nine months ended 31 December 2019.  n  n5. The above results for nine months ended 31 December 2019 are reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on 31 January 2020 and are subjected to a  Limited Review  by the Statutory Auditors.  n  n6. The figures for the previous periods have been regrouped wherever required to make them comparable with those of the current period.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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