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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1. The above financial results for the period ended 31.12.2021 were reviewed by the Audit Committee on 11.02.2022 and upon its recommendation were approved by the Board of Directors at their meeting held on 11.02.2022   2. These results have been prepared in accordance with the INDAS notified under the Companies (Indian Accounting Standards) Rules 2015, as amended   3. A Limited Review of the above Unaudited Financial Results has been carried out by Statutory Auditors of the Company pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.   4. The Company is primarily engaged in business of manufacturing, trading and servicing of telecommunication equipments and rending other associated / ancillary services and there are no other reportable segments. The Company is primarily operating in India, which is considered as a single geographical segment. The Company is also engaged in Defence projects.  The MCA vide its notification dated 23.02.2018 had exempted companies engaged in the Defence Production from the requiremenrt of Segment Reporting.   5.The Company is a Sick Company as per provisions of Sick Industrial Companies Act (SIC) 1985. CCEA has approved a financial assistance of Rs.4156.79 Crore in Febraury, 2014 for revival of IT under Rehabilitation Scheme.   6.The Spread of Covid 19 Panbdemic and subsequent restrictions during the year adversely impacted several businesses across the globe. There was a moderate impact on the Company's operations / performance for the Nine Months ended 31.12.2021. Based on the information (Internal as well as External) available up to the date of approval of these Quarterly financial results, the Company expects to recover the carrying amounts of trade receivables and other financial assets. The Company will continue to closely monitor the developments, future economic and business outlook and its impact on the Company's future performance.                                                                        Rs in Lakhs   7. EPS calculation:            Quarter ended                    Nine Months Ended                    31-12-2021                         31-12-2021     Profit After Tax                (9,259)                          (23,632)     Less:               Preference Dividend                 -                                 -        Dividend tax                   -                                -        Profit available to equity shareholders           (9,259)                        (23,632)     No. of Shares at beginning of the period           933522869                       933522869     No. of Shares issued during  the period.                   -                                -        No. of Shares at the end of the period.             933522869                         933522869     Weighted average no of shares during the period  933522869          933522869     Earning per equity share (for continuing operation):                  Basic &amp; Diluted( in Rs. )                                           (0.99)           (2.53)      8. The above results are available at www.itiltd.in and website of stock exchanges at www.bseindia.com and nseindia.com.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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