Integrated Filing — IndAS



General information about company

Scrip Code 532313
NSE Symbol MAHLIFE
MSEI Symbol NOTLISTED
ISIN INE813A01018
Name of company MAHINDRA LIFESPACE DEVELOPERS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 02-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 29-12-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Projects, project management and development
Start date and time of board meeting 02-02-2026   12:00:00
End date and time of board meeting 02-02-2026   14:30:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable as there is no default



Financial Results Ind-AS

Amount in (Lakhs)

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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 27,246.00 30,996.00
Other income 12,847.00 20,656.00
Total income 40,093.00 51,652.00
2 Expenses
(a) Cost of materials consumed 25,293.00 63,430.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (4,178.00) (38,098.00)
(d) Employee benefit expense 2,985.00 8,397.00
(e) Finance costs 150.00 1,826.00
(f) Depreciation, depletion and amortisation expense 561.00 1,811.00
(f) Other Expenses
1 Operating expenses 759.00 847.00
2 Other Expenses 2,368.00 7,473.00
Total other expenses 3,127.00 8,320.00
Total expenses 27,938.00 45,686.00
3 Total profit before exceptional items and tax 12,155.00 5,966.00
4 Exceptional items (360.00) (360.00)
5 Total profit before tax 11,795.00 5,606.00
6 Tax expense
7 Current tax 337.00 1,819.00
8 Deferred tax 1,371.00 (467.00)
9 Total tax expenses 1,708.00 1,352.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 10,087.00 4,254.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 10,087.00 4,254.00
17 Other comprehensive income net of taxes 0.00 0.00
18 Total Comprehensive Income for the period 10,087.00 4,254.00
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 21,331.00 21,331.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 5.03 2.12
Diluted earnings (loss) per share from continuing operations 5.02 2.12
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 5.03 2.12
Diluted earnings (loss) per share from continuing and discontinued operations 5.02 2.12
24 Debt equity ratio 0.2100 0.2100
25 Debt service coverage ratio 0.200 0.1400
26 Interest service coverage ratio 10.6600 1.7400
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Clarification on statement of Deviation 1. The Company had approved fund raising by way Rights Issue at the Board meeting held on May 13 2025 and allotment of shares under Rights issue was done on June 18 2025. Further the Company on August 01 2025 has allotted Rights Shares kept in abeyance to Custodian basis Special Court Order. Thus Date of Raising Funds has been mentioned as June 18 2025 which is the initial allotment date. There is no fund raised during quarter ended 31st December 2025 2. Under general info No. of times funds raised during the year is mentioned as 1 since there is no option to select 0 in dropdown. There is no fund raised during quarter ended 31st December 2025 3. Receipt of Rs 1.48 crore representing 57545 equity shares towards the rights issue remains contingent upon the allotment of balance shares attributable to shares kept in abeyance in line with the rights entitlement ratio. The allotment is pending determination of the bona fide ownership of such equity shares by the courts. Financial related notes 1 The above results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on 02nd February 2026. The unaudited standalone financial results for the quarter and nine months ended 31st December 2025 have been subjected to limited review by the statutory auditors. 2 The standalone financial results of the Company have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards 34 Interim Financial Reporting Ind AS 34 as prescribed under Section 133 of the Companies Act 2013 read with the relevant rules issued thereunder and the other accounting principles generally accepted in India. 3 Pursuant to exercise of stock options by eligible employees under ESOS 63037 shares and 36055 shares were allotted for the nine months ended 31st December 2025 and quarter ended 31st December 2025 respectively. 4 During the nine months ended 31st December 2025 the Company successfully completed a rights issue of 58163456 equity shares of face value of Rs 10 each for a cash price at Rs 257 per share aggregating to Rs 149480 lakhs. The funds are being utilised for the repayment of the debt funding acquisition of land parcels and working capital. 5 Earnings per share for the comparative periods have been retrospectively adjusted for effect of rights issue during the quarter and nine months ended 31st December 2025. 6 On 21st November 2025 the Government of India notified the four Labour Codes the Code on Wages 2019 the Industrial Relations Code 2020 the Code on Social Security 2020 and the Occupational Safety Health and Working Conditions Code 2020 collectively new Labour Codes consolidating 29 existing labour laws. In accordance with the new Labour Codes the Company has currently estimated the incremental impact on retiral benefits to be Rs 360 lakhs. Considering regulatory driven and non recurring nature of this impact this has been presented under Exceptional Items in the standalone financial results. The Company continues to monitor developments on the Rules to be notified by regulatory authorities including clarifications additional guidance from authorities and will continue to assess the accounting implications basis such developments guidance. 7 The Company is a real estate Company engaged in construction and development of real estate projects and the revenue is recognized using Completed Contracts Method under Ind AS 115 and as such the results for the quarter or nine months ended 31st December 2025 are not representative of the current operations. 8 The Chief Operating Decision Maker monitors and reviews the performance of the operating segment ie construction and development of real estate projects as a single operating segment. Considering that there is only one reportable segment there are no additional disclosures to be provided under Ind AS 108 Segment information. The Company operates only in India. 9 Previous period year figures have been regrouped wherever found necessary to conform to current period year classification.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
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

Amount in (Lakhs)

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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
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 0.00 0.00
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 0.00 0.00
5 Total Other comprehensive income 0.00 0.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's 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 Yes
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 Ms Deloitte Haskins and Sells LLP Yes 31-07-2027


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Rights Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 18-06-2025
Amount Raised 1,49,480.00
Report filed for Quarter ended 31-12-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CARE RATINGS LIMITED
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review
Comments of the auditors, if any
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any


Signatory Details

Name of signatory SRIRAM KUMAR
Designation of person Chief Financial Officer
Place MUMBAI
Date 02-02-2026