Note A:- Notes to first-time adoption Re-measurements of post-employment benefit obligations

Under Ind AS, re-measurements i.e. actuarial gains and losses and the return on plan assets, excluding amounts included in the net interest expense on the net defined benefit liability, also effective gain & losses of hedging instruments in a cash flow hedge are recognized in other comprehensive income. Under the previous GAAP, these re-measurements were forming part of the profit or loss for the year and part of reserve and surplus as hedging reserve respectively. As a result of this change, the profit for the year ended March 31, 2016 increased by Rs, 54 Lakh and reserve and surplus decreased by 459 lakh. However due to tax effect on effective gain & losses of hedging instruments in a cash flow hedge the total equity is reduced by 160 lakh as at 31.03.2017.