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| Exchange Received Time 28/03/2018 17:41:23 Exchange Disseminated Time 28/03/2018 17:41:30 Time Taken 00:00:07 | This is to inform you that the Company has entered into at a mutual commercial settlement with one of its clients for an amount of US$ 10 Million to be paid over the next 2 year period. The Company continues to provide IT services to the client in line with the existing Services Agreement.
Except to the extent of abovementioned settlement amount to be accounted for in Q4 FY18, the management does not envisage any additional impact in terms of the said settlement on the profit and loss of the Company.
Submitted for information in terms of SEBI (LODR) Regulations 2015. |
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