ICAI clearly states that the Result of Exams should be declared in the following Manner
1. (a) A list of candidates declared successful at each examination shall be published
(b) The names of candidates obtaining distinction in the examination shall be indicated in the list
(c) Every candidate shall be individually informed of his result.
2. The Council may, in its discretion, revise the marks obtained by all candidates or a section of candidates in any particular paper or papers or in the aggregate in such manner as may be considered necessary, for maintaining the standards of pass percentage provided in these Regulations.
https://www.icai.org/post.html?post_id=767
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