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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1) The above standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at the meeting held on 11.09.2020. As required under Regulation 33 of the Securities and Exchange Board of India (Listing obligation and Disclosure requirements) Regulations 2015, the Statutory Auditors have conducted a limited review of the above financial results for the quarter ended 30 June 2020.  nt  n2) The standalone financial results have been prepared in accordance with the Indian Accounting Standards (Ind AS) as notified under Section 133 of the Companies Act, 2013 read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015 (as Amended) and other recognised accounting practices and policies to the extent applicable.tttt  n  n3) The Company operates in a single reportable operating Segment ' Development of Rail Infrastructure'. Hence there are no separate operating segments as per with Ind AS 108 -Operating Segments.ttt  n  n4) Section 115BAA has been inserted in the Income Tax Act. 1961 vide Taxation laws (Amendment) Ordinance. 2019 issued on 20th September 2019 which enables domestic companies to exercise a non-reversible option to pay corporate tax at reduced rates effective 1st April 2019 subject to certain conditions. The Company is currently evaluating this option.tttt  n  n5) The statement includes results for the quarter ended 31st March 2020 being the balancing figure between audited figures in respect of full financial year and year to date unaudited figures upto the third quarter of the relevant financial year.tttt  n  n6) The outbreak of Corona virus (COVID-19) globally and in India has impacted businesses and economic activities in general. Though the Company has been able to maintain the revenue but growth has been impacted and there is slight increase only in comparison to the normal growth rate over recent years. The Company expects to fully recover the carrying amounts of the assets and comfortably discharge it obligations. The Company is positive on the long-term business outlook as well as its financial position. However, Company will continue to monitor developments to identify significant uncertainties relating to business operations in future periods. tttt  n  n7) Figures for the previous periods are regrouped, wherever necessary to make them comparable.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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