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HCL Technologies Directors Report, HCL Tech Reports by Directors
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HCL Technologies
BSE: 532281|NSE: HCLTECH|ISIN: INE860A01027|SECTOR: Computers - Software
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Directors Report Year End :   
201406 - Quarter 4

1. The financial results for the quarter and year ended June 30, 2014
were approved by the Audit
Committee and have been approved and taken on record by the Board of
Directors at its meeting held
on July 31, 2014. The final results for the year and current quarter
were audited by the statutory
auditors.

2. Ratios have been computed as under:

a. Debt service coverage ratio = (profit from ordinary activities before tax + interest on long-term loans) / (interest on long-term loans + repayment of long-term loans)

b. Interest service coverage ratio = (profit from ordinary activities before tax + interest on long-term loans) / interest on long-term loans

3. During the year, the Company has paid interim dividend of Rs. 2 per share for the quarter ending September 30, 2013, Rs. 4 per share for the quarter ending December 31, 2013 and Rs. 4 per share for the quarter ending March 31, 2014 respectively which takes total dividend to Rs. 69,908 lacs for the year.

4. During the quarter ended June 30, 2013, in accordance with the terms of a Scheme of arrangement under Sections 391 to 394 of the Companies Act, 1956, approved by the Hon'ble High Court of Delhi vide its order dated April 12, 2013, the IT enabled services division of HCL Comnet Systems & Services Limited, a subsidiary, has been demerged and transferred to the Company on going concern basis with effect from April 1, 2012, the appointed date.

In view of the above, the results of the operations of the transferred division for the period July 1, 2012 to June 30, 2013 have been included in the statement of financial results and the segment results of Infrastructure services segment for the quarter and previous year ended June 30, 2013. However, the net profit of the transferred division for the period April 1, 2012 to June 30, 2012 of Rs. 13,552 lacs net of tax Rs. 9,354 lacs have been reflected in the Statement of financial results of the Company for the previous year ended June 30, 2013 under the head Exceptional item and are not included in segment results.

5. The figures of the last quarter are the balancing figures between audited figures in respect of the full financial year up to June 30, 2014 and the unaudited published year-to-date figures up to March 31, 2014, being the date of the end of the third quarter of the financial year which were subjected to limited review.

6. The figures of previous periods/year have been rearranged to conform to the current periods/year classification.

Shiv Nadar
Chairman and Chief Strategy Officer

Anant Gupta
President and Chief Executive Officer

Anil Chanana
Chief Financial Officer
Source : Dion Global Solutions Limited
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