To calculate the diluted EPS, we need to consider the potential dilutive effects of outstanding options, warrants, and convertible securities. Assuming that the company has outstanding convertible securities, we can calculate the diluted EPS as follows:

To calculate the weighted average number of outstanding shares for the purpose of calculating diluted EPS, we need to adjust the outstanding shares for the potential dilutive effects of any outstanding convertible securities. Assuming that the company has outstanding convertible securities that can be converted into 50,000 shares of common stock, the calculation would be as follows:

• Add the number of potential additional shares from the conversion of convertible securities to the adjusted number of outstanding shares:

Adjusted number of outstanding Equity Shares = Opening balance + Issue of Equity Shares + Conversion of convertible Preference Shares in Equity - Buy back of shares

= 100,000 + 75,000 + 50,000 - 20,000

= 205,000 shares

Potential additional shares from conversion of convertible securities = 50,000 shares

Adjusted number of outstanding shares for diluted EPS calculation = Adjusted number of outstanding Equity Shares + Potential additional shares

= 205,000 + 50,000

= 255,000 shares

Therefore, the weighted average number of outstanding shares for the purpose of calculating diluted EPS is 255,000 shares.

To calculate the diluted EPS, we need to adjust the net income for the potential dilutive effects of any outstanding convertible securities. Assuming that the net income for the year 2017-18 is $500,000, the calculation would be as follows:

Diluted EPS = $500,000 / 255,000 = $1.96

Therefore, the diluted EPS for the year 2017-18 is $1.96 per share.