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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 :   
201503 - Quarter 3

1. The financial results for the quarter ended March 31, 2015 were
approved by the Audit Committee
and have been approved and taken on record by the Board of Directors
at its meeting held on April
21, 2015.

2. During the quarter ended March 31, 2015, the Board of Directors has declared an interim dividend of Rs. 4 per share (200% on par value of Rs. 2 per share), amounting to Rs. 56,228 Lacs, which takes total dividend for the nine month ended March 31, 2015 to Rs. 238,559 Lacs.

3. During the quarter ended September 30, 2014, the management based on technical evaluation reassessed the useful life of assets with effect from July 01, 2014. Accordingly the useful lives of certain assets required a change from the previous estimates. If the Company had continued with the previously assessed useful lives, charge for depreciation for the quarter and nine months ended March 31, 2015 would have been higher by Rs. 4,359 lacs and Rs. 14,971 lacs respectively, for the assets held as at July 01, 2014.

4. During the quarter ended March 31, 2015, pursuant to the approval of the shareholders through postal ballot on March 10, 2015, a sum of Rs 14,057 lacs was capitalized from securities premium account for issuance of 702,847,961 bonus shares of Rs. 2/- each fully paid-up and these bonus shares were allotted by the Company on March 21, 2015. The said bonus share were issued in the proportion of 1 equity share for every 1 equity share Rs. 2/- each held by the equity shareholders of the Company on record date of March 20, 2015.

The earnings per share has been adjusted for bonus issue for previous periods presented in accordance with Accounting Standard 20, Earning per share.

5. The figures of previous periods/year have been rearranged to conform to current period 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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