Integrated Filing — IndAS



General information about company
Scrip Code 532780
NSE Symbol PARSVNATH
MSEI Symbol NOTLISTED
ISIN INE561H01026
Name of company PARSVNATH DEVELOPERS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 02-Sep-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 27-Aug-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Real Estate Activities
Start date and time of board meeting 02-Sep-2025   17:25:00
End date and time of board meeting 03-Sep-2025   00:15:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 606245000 2539254000
Other income 444510000 495335000
Total income 1050755000 3034589000
2 Expenses
(a) Cost of materials consumed 29865000 62284000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 57637000 925040000
(d) Employee benefit expense 30018000 133852000
(e) Finance costs 1493774000 4441695000
(f) Depreciation, depletion and amortisation expense 121757000 522683000
(f) Other Expenses
1 Other Expenses 705459000 1539841000
Total other expenses 705459000 1539841000
Total expenses 2438510000 7625395000
3 Total profit before exceptional items and tax -1387755000 -4590806000
4 Exceptional items 590263000 1206533000
5 Total profit before tax -797492000 -3384273000
6 Tax expense
7 Current tax 33313000 33313000
8 Deferred tax 37705000 55408000
9 Total tax expenses 71018000 88721000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations -868510000 -3472994000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method -52000 269000
16 Total profit (loss) for period -868562000 -3472725000
17 Other comprehensive income net of taxes -1175000 1147000
18 Total Comprehensive Income for the period -869737000 -3471578000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 2175906000 2175906000
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve -22590696000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -1.97 -7.94
Diluted earnings (loss) per share from continuing operations -1.97 -7.94
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -1.97 -7.94
Diluted earnings (loss) per share from continuing and discontinued operations -1.97 -7.94
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 50578000
Capital work-in-progress 203211000
Investment property 228780000
Goodwill 0
Other intangible assets 8088104000
Intangible assets under development 8701146000
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 129477000
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 2218044000
Total non-current financial assets 2347521000
Deferred tax assets (net) 202238000
Other non-current assets 238867000
Total non-current assets 20060445000
2 Current assets
Inventories 28528511000
Current financial asset
Current investments 0
Trade receivables, current 1842757000
Cash and cash equivalents 312187000
Bank balance other than cash and cash equivalents 27904000
Loans, current 13707000
Other current financial assets 1605932000
Total current financial assets 3802487000
Current tax assets (net)
Other current assets 1604835000
Total current assets 33935833000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 53996278000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2175906000
Other equity -22590696000
Total equity attributable to owners of parent -20414790000
Non controlling interest 1178130000
Total equity -19236660000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 17125613000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 12276602000
Total non-current financial liabilities 29402215000
Provisions, non-current 41987000
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities 35088000
Total non-current liabilities 29479290000
Current liabilities
Current financial liabilities
Borrowings, current 12073405000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 41110000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 7971222000
Total Trade payable 8012332000
Other current financial liabilities 7562190000
Total current financial liabilities 27647927000
Other current liabilities 16102415000
Provisions, current 2966000
Current tax liabilities (Net) 340000
Deferred government grants, Current
Total current liabilities 43753648000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 73232938000
Total equity and liabilites 53996278000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 1175000 -1147000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income -1175000 1147000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax -3384273000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 4441695000
Adjustments for decrease (increase) in inventories 783943000
Adjustments for decrease (increase) in trade receivables, current 195497000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -290884000
Adjustments for decrease (increase) in other non-current assets 13193000
Adjustments for other financial assets, non-current 474055000
Adjustments for other financial assets, current -465120000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 431534000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -774777000
Adjustments for increase (decrease) in other non-current liabilities -6901000
Adjustments for depreciation and amortisation expense 522683000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 1342000
Adjustments for provisions, non-current -2155000
Adjustments for other financial liabilities, current -429357000
Adjustments for other financial liabilities, non-current 338392000
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 43594000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 1147000
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 5190693000
Net cash flows from (used in) operations 1806420000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) -35354000
Other inflows (outflows) of cash -1461821000
Net cash flows from (used in) operating activities 379953000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 143833000
Purchase of property, plant and equipment 944523000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 50034000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -26694000
Net cash flows from (used in) investing activities -777350000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 1001364000
Repayments of borrowings 1890673000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 513402000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 1790741000
Net cash flows from (used in) financing activities 388030000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -9367000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -9367000
Cash and cash equivalents cash flow statement at beginning of period 321554000
Cash and cash equivalents cash flow statement at end of period 312187000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 T R Chadha and Co LLP Yes 30-Sep-2025


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 3034589000 3034589000
2 Total Expenditure 6506167000 13179545000
3 Net Profit/(Loss) 3471578000 10144956000
4 Earnings Per Share -7.94 -23.31
5 Total Assets 53996278000 47420358000
6 Total Liabilities 73232938000 73330396000
7 Net Worth 19236660000 25910038000


Audit qualification
Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Repetitive Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)
2 Textual Information(6) Qualified opinion Whether appeared first time Textual Information(7) Textual Information(8) Textual Information(9) Textual Information(10)
3 Textual Information(11) Qualified opinion Repetitive Textual Information(12) Textual Information(13) Textual Information(14) Textual Information(15)
4 Textual Information(16) Qualified opinion Repetitive Textual Information(17) Textual Information(18) Textual Information(19) Textual Information(20)
5 Textual Information(21) Qualified opinion Repetitive Textual Information(22) Textual Information(23) Textual Information(24) Textual Information(25)
6 Textual Information(26) Qualified opinion Whether appeared first time Textual Information(27) Textual Information(28) Textual Information(29) Textual Information(30)
7 Textual Information(31) Qualified opinion Repetitive Textual Information(32) Textual Information(33) Textual Information(34) Textual Information(35)
8 Textual Information(36) Qualified opinion Repetitive Textual Information(37) Textual Information(38) Textual Information(39) Textual Information(40)
9 Textual Information(41) Qualified opinion Whether appeared first time Textual Information(42) Textual Information(43) Textual Information(44) Textual Information(45)


Text Block
Textual Information(1) Delhi Metro Rail Corporation DMRC had terminated the contract of BOT project due to delays in payments as per concession agreement by the Holding Company The Holding Company had sent a notice invoking arbitration and accordingly DMRC called upon the Holding Company to nominate an Arbitrator from the panel maintained by it and the Arbitrator has been nominated by the Holding Company The Arbitrator Tribunal is formed and the Holding company has filed the claims of Rs 31444 lakhs for project and interest expenses before the Arbitration Tribunal and DMRC has also preferred Counter Claims to the tune of INR 8295 lakhs on account of the contractual dues as per the 2nd Supplementary Agreement and interest thereon along with GST on interest Next date of hearing is fixed on 29 oct 25 Based on the legal opinion obtained the management is of the opinion that Holding company has a favourable case against DMRC due to various defaults on the part of DMRC and therefore Intangible assets under development of Rs 8097 Lakhs and unamortised upfront fee Rs 664 Lakhs is recoverable and hence no impairment is required against the Intangible Assets under development and unamortised upfront fee related with this project. n n nConsidering the fact that DMRC had terminated the contract Arbitration Tribunal has been formed the Holding company has filed the claims of Rs 31444 lakhs for project and interest expenses before the Arbitration Tribunal and DMRC has also preferred Counter Claims to the tune of INR 8295 lakhs on account of the contractual dues as per the 2nd Supplementary Agreement and interest thereon along with GST on interest there are various uncertainty involved in the outcome of the matter and recoverability of the amount lying as Intangible Assets under development and unamortised upfront fee related with this project in the books of the Holding company Due to above uncertainties we are unable to comment on the impairment required in the value of Intangible assets under development of Rs 8097 Lakhs and unamortised upfront fee of Rs 664 Lakhs as reflected in the Consolidated financial results. n n
Textual Information(2) Impact is not Quantified
Textual Information(3) Not Applicable
Textual Information(4) Matter is sub-judice
Textual Information(5) Agreed
Textual Information(6) Holding Company had invoked the Arbitration clause under the concession agreement and the Order has been pronounced on October 08 2023 As per the said Arbitration Award, the Ld Arbitrator has partly allowed the Claims sought by the Holding Company and as such the time period of lease between 21 jan 2011 till 07 feb 2019 has been declared zero period and the Holding company is required to make the rental payment alongwith interest from February 8 2019 onwards as per the concession agreement DMRC has filed an application under section 33 of the Arbitration and Conciliation Act 1996 (as amended) seeking correction interpretation of the Award dated 08 oct 2023 which has been confirmed by the Arbitrator DMRC has filed a Petition under section 34 of the Arbitration and Conciliation Act 1996 for setting aside the Arbitral Award dated 08 10 2023 corrected on 23 03 2024 passed by the Arbitral Tribunal The petition is now listed for hearing on 09 09 2025 Meanwhile DMRC vide letter dated 30 09 2024 issued a cure cum termination notice to deposit the outstanding dues alongwith interest and also calling upon us to submit escalated security deposit of Rs 408 lakhs The Holding Company has filed a petition under section 9 of the Arbitration Conciliation Act 1996 before the Delhi High Court seeking interim reliefs which has been dismissed by High court as withdrawn The holding Company has approached DMRC vide letter dated 03 07 2025 for levying the recurring dues from 08 10 2023 i e date of award and for extension for further 30 years from the year 2023 Management is of the view that project will be restated and the intangible assets under development of Rs 14196 lakhs and unamortised upfront fee of Rs. 967 Lakhs is recoverable nConsidering the fact that DMRC had issued cure cum termination notice for deposition of outstanding dues petition has been withdrawn by the Holding company and now matter is under discussion with DMRC for settling the dues there are various uncertainty involved in the outcome of the matter and recoverability of the amount Rs 14196 lakhs and unamortised upfront fee of Rs. 967 Lakhs lying as Intangible Assets under development related with this project in the books of the Holding company Due to above uncertainties we are unable to comment the amount of impairment required against the same and the resultant impact of the same on the consolidated financial results n
Textual Information(7) Impact is not Quantified
Textual Information(8) Not Applicable
Textual Information(9) Matter is sub-judice
Textual Information(10) Agreed
Textual Information(11) The Holding Company had entered into an Assignment of Development Rights Agreement dated 28 December 2010 with a wholly owned subsidiary company WOS and Collaborators land owners in terms of which the Holding Company had assigned Development Rights of one of its project to WOS on terms and conditions contained therein The project has been delayed and disputes arose with the collaborators land owners who sought cancellation of the Development Agreement and other related agreements and have taken legal steps in this regard The Ld Sole Arbitrator pronounced the Arbitral Award and restored the physical possession of the Project Land in favour of the land owners subject to payment of Rs 1570 lakhs along with interest as awarded under the Arbitral Award to WOS The WOS has filed an appeal before the Commercial Court challenging the Arbitration Award on 19th August 2023 under Section 34 of the Act The Ld Commercial Court vide its order dated 8 July 2024 allowed the objections filed by the WOS thereby setting aside the Impugned Award dated 18 April 2023 Collaborator land owners has filed petition us 37 of the Act before Allahabad High Court challenging the order dated 08 07 204 passed by the commercial court The matter last heard on 09 01 2025 The Bench after recording the submission of parties, observed that the matter requires consideration and accordingly issued Notice and directed that during pendency of the Appeal status quo pertaining to the land in question shall be maintained by the parties and none of the parties would deal with the property in question The Appeal will be listed in due course and next date of hearing is yet to be fixed On the basis of legal opinion and considering the favourable judgement from the commercial court the management is of the view that no adjustment is required to be made in the value of inventory of Rs 32374 Lakhs and liability of Rs 13741 lakhs being advance received from customers against this project which is outstanding in the books of the Group n nConsidering various uncertainties we are unable to comment on the adjustment required in the value of inventory of Rs 32374 Lakhs and liability of Rs. 13741 lakhs lying in the books of the group against this project n
Textual Information(12) Impact is not Quantified
Textual Information(13) Not Applicable
Textual Information(14) Matter is sub-judice
Textual Information(15) Agreed
Textual Information(16) A subsidiary of the Holding company Parsvnath HB Projects Private Limited PHBPPL was allotted a land by Punjab Small Industrial Exports Corporation Limited PSIEC On account of non payment of instalments due PSIEC cancelled the allotment of land PHBPPL filed an arbitration petition against the same and as in their view there were certain lapses on the part of PSIEC The first sitting of the Arbitral Tribunal held on 1st June 2022 wherein he has advised the parties for an amicable resolution of dispute and directed the Claimant to give a proposal for payment of outstanding dues of PSIEC During the year ended 31 03 2025 and subsequently the Holding company has submitted proposals to PSIEC which were rejected by PSIEC The matter was listed on 20 08 2025 wherein PSIEC sought time to seek instructions which was allowed by the Tribunal The next date of hearing is fixed on 10 09 2025 Pending the arbitration proceedings the management is on the opinion that no impairment is required in the value of net current assets of Rs 10002 Lakhs Inventory of Rs 14742 35 lakhs and payable amount of Rs. 4740 20 lakhs to PSIEC n nConsidering that the allotment of land has been cancelled by PSIEC there is no subsisting right in favor of PHBPPL as well as proposal submitted by the Holding company has been rejected given that the outcome of the proceedings cannot be determined at this stage we are unable to comment on the adjustment required in the value of the of net current assets of Rs 10002 Lakhs n
Textual Information(17) Impact is not Quantified
Textual Information(18) Not Applicable
Textual Information(19) Matter is sub-judice
Textual Information(20) Agreed
Textual Information(21) Further DMRC has filed a Petition before High Court under Section 36 of the Arbitration and Conciliation Act seeking enforcement of the Award On 04 03 2022 the High Court directed the Holding Company to deposit the awarded amount The Holding Company has challenged the impugned order passed by the High Court before the Supreme Court The Supreme Court has dismissed the SLP The Objections are pending consideration before the High Court of Delhi wherein Holding Company has raised issues with respect to independency of the Arbitral Tribunal Delhi High Court has order the PDL to comply the order of Honble Supreme court regarding deposition of award amount with cost which is yet to be deposited On 20 09 2024 Company gave a proposal that amounts required to be deposited in present case be adjusted from the amount required to be deposited by DMRC in arbitration award under section 34 issued in favour of subsidiary company Khyber pass section 34. Further Company was restrained from alienating its assets DMRC vide its application filed in Khyber Pass Section 34 accepted the proposal and accordingly Company has filed an Application seeking vacation of stay order Vide Order dated 11 12 2024 DMRC sought time to file reply to the Application On 29 07 2025 parties suggested that the Objections of Khyber Pass may be heard and decided which would ultimately resolve all the issues including release of amount and bank guarantee etc The matter is now listed on 12 09 2025 for arguments On the basis of legal advice received the management is of the opinion that the Holding company has a favourable case and has considered Intangible assets under development of Rs 4000 55 lakhs as on 31 March 2025 as fully recoverable as well as considered that no liability shall be payable as per the Order given by the Tribunal Court n nConsidering that Arbitral Tribunal has announced its award in favour of DMRC and directed the Holding company to make payment of recurring fee along with interest and matter is pending with Honble Delhi High Court we are unable to comment on the impairment required in the intangible Assets under development recognised against this project and the liability required to be recognised toward unpaid recurring fee and interest thereon and other resultant impact on these consolidated financial results n
Textual Information(22) Impact is not Quantified
Textual Information(23) Not Applicable
Textual Information(24) Matter is sub-judice
Textual Information(25) Agreed
Textual Information(26) The Real Estate Regulatory Authority RERA has issued multiple recovery certificates in response to complaints filed by various customers of the Group which are yet to be compiled by the Group The Group has not made specific provision for compensation payable to these customers as it believes that compensation will not be required following mutual settlements with the customers n nPending the compilation of recovery certificates by the Group and determination of additional provision may be required against the same we are unable to assess the potential impact of these matters on the Consolidated Financial results at this time n
Textual Information(27) Not Applicable
Textual Information(28) Not Applicable
Textual Information(29) Not Applicable
Textual Information(30) Not Applicable
Textual Information(31) There are long outstanding advances to vendors and trade receivables aggregating Rs 9196 lakhs that are pending confirmation and reconciliation Management has not recognised any loss allowance provision against these balances on the assertion that they are recoverable adjustable Owing to the absence of external confirmations reconciliations and the limited alternative procedures available to us we were unable to obtain sufficient appropriate audit evidence regarding the existence accuracy rights and recoverability of these balances Accordingly we are unable to determine whether any adjustments are required to the carrying amounts of these balances and the consequential impact if any on the accompanying consolidated financial statements including the Statement of Profit and Loss and Other Comprehensive Income the Statement of Changes in Equity and the related disclosures
Textual Information(32) Amount is recoverable
Textual Information(33) Not Applicable
Textual Information(34) Not Applicable
Textual Information(35) Not Applicable
Textual Information(36) The Company has not accounted income tax demand excluding interest of Rs 355 Lakhs of Rs 974 lakhs dated 13 03 2020 for the assessment year 2014 15 and the company has filed an appeal against such demand to appropriate authorities as per Income tax Act 1961 against such demand on 05 06 2020 the management is of the opinion that this liability will not be crystallized against the company However we have not been provided with sufficient and appropriate audit evidence to support the management s follow up on the matter Accordingly the provision of income tax loss after tax Other comprehensive income and tax liabilities are understated by Rs 974 lakhs excluding interest of Rs 355 Lakhs and penalty which cannot be determined at this stage.
Textual Information(37) Amount is not provided as matter sub-judice
Textual Information(38) Not Applicable
Textual Information(39) Not Applicable
Textual Information(40) Not Applicable
Textual Information(41) The Company is involved in ongoing litigation before the Hon ble National Consumer Disputes Redressal Commission NCDRC in relation to delay in handing over possession of the La Tropicana project While an initial Memorandum of Understanding MOU and subsequent Amendment Agreement were executed with the Resident Welfare Association RWA LTRA disputes have continued owing to non fulfilment of settlement terms by both parties The matter has been adjourned by the NCDRC in view of observations of the Honble High Court of Delhi where execution proceedings have also been filed The Company has deposited Rs 3000 lakhs which has been released for utilization in construction activities n nPending final adjudication by the Honble High Court of Delhi and further proceedings before the NCDRC we are unable to ascertain the possible impact if any of the ultimate outcome of these potential matters on the accompanying financial statements n
Textual Information(42) Amount is not provided as matter sub-judice
Textual Information(43) Not Applicable
Textual Information(44) Not Applicable
Textual Information(45) Not Applicable


Signatories detail
Name of CEO / Managing director SANJEEV KUMAR JAIN
Name of CFO M C JAIN
Name of audit committee chairman Ramesh Chand Gupta
Name of statutory auditor AASHISH GUPTA TR Chadha and Co LLP
Name of other signatory, if any, with designation NA
Place NEW DELHI
Date 02-Sep-2025