OMAXE2024-01-012024-03-31 OMAXE2024-01-012024-03-31 OMAXE2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member OMAXE2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member OMAXE2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532880 OMAXE NOTLISTED Omaxe Limited Equity 2023-04-01 2024-03-31 2024-05-28 2024-05-21 INR Crores Yearly 13:00:00 18:45:00 2024-05-28 2024-05-28 true Cash Flow Indirect Declaration of unmodified opinion Single segment Real Estate 2024-01-01 2024-03-31 Audited Consolidated 5355800000.00 67400000.00 5423200000.00 4483500000.00 0.00 1795300000.00 52600000.00 381900000.00 136000000.00 487600000.00 7336900000.00 -1913700000.00 0.00 -1913700000.00 2800000.00 -479200000.00 -476400000.00 0.00 -1437300000.00 0.00 0.00 0.00 1400000.00 -1435900000.00 2300000.00 -1433600000.00 -1450500000.00 14600000.00 -1448000000.00 14600000.00 1829000000.00 10 -7.93 -7.93 0.00 0.00 -7.93 -7.93 Notes: 1. The above results were reviewed and recommended by the Audit Committee & approved by the Board of Directors at their respective meetings held on 28 May, 2024. The financial results for the quarter and year ended 31 March, 2024 have been audited by the Statutory Auditors of the Company and expressed unmodified opinion on the standalone and consolidated financial results. 2. These consolidated financial results have been prepared in accordance with the recognition and measurement principles of India Accounting Standards (IND AS) as notified under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 as amended. The said financial results represents the result of Omaxe Limited (“the Company”), its subsidiaries, partnership firms (together referred as “the Group”) and its share in results of associates which have been prepared in accordance with Ind AS-110 ‘Consolidated Financial Statement’ and Ind AS-28 ‘Investment in Associates and Joint Ventures’. 3. The figures for last quarter of current and previous years are the balancing figures between the audited figures in respect of the full financial year and the published figures for nine months ended for respective years. 4. The unaudited financial results of 145 group companies have been reported by their management/holding company and given effect in consolidated financial results based on financial statements as certified by the management/ holding company. The unaudited financial result of two subsidiary companies having Nil Income/ Profit (Loss) have not been consolidated being non material in nature. 5. In line with the provisions of Ind AS 108 – Operating Segments and on the basis of review of operations being done by the management of the company, the operations of the group falls under real estate business, which is considered to be the only reportable segment by the management. 6. In the financial year ended 31 March 2022, search was initiated against the Company and few subsidiaries / group companies under section 132 of the Income Tax Act, 1961. During the financial year 2023-24 assessments were made and several notices of demand under section 156 of the Income Tax Act, 1961 were received. The company has already filed appeals before CIT(Appeals) disputing the demands so raised. Based on the decision of various appellate authorities, interpretation of relevant provision of the Income Tax Act, 1961 and on the basis of opinion from independent tax expert that the demands so raised will not be sustained on completion of the appellate proceedings. Accordingly, pending the decision by the appellate authorities, no provision of any potential liability has been made in the Financial Statements. 7. During the quarter ended 31 March 2024, the Company acquired 16,99,670 equity shares of M/s Secure Properties Private Limited i.e. 34.55% of equity shares of the company. After acquiring the above equity shares, M/s Secure Properties Private Limited has become the associate company of Omaxe Limited. 10. The Previous period/year figures have been regrouped/ reclassified, wherever necessary, to make them comparable with current year/period figures. 11. The standalone and consolidated financial results of the Company for the quarter and year ended 31 March, 2024 are also available on the Company’s Website (www.omaxe.com) and on the Website of BSE (www.bseindia.com) and NSE (www.nseindia.com). Single segment 2023-04-01 2024-03-31 Audited Consolidated 16143200000.00 205600000.00 16348800000.00 15529100000.00 0.00 2365800000.00 345800000.00 1303400000.00 542600000.00 1335100000.00 21421800000.00 -5073000000.00 0.00 -5073000000.00 42400000.00 -1054000000.00 -1011600000.00 0.00 -4061400000.00 0.00 0.00 0.00 2300000.00 -4059100000.00 -4000000.00 -4063100000.00 -4026000000.00 -33100000.00 -4030100000.00 -33000000.00 1829000000.00 10 0.00 -22.01 -22.01 0.00 0.00 -22.01 -22.01 Other Expenses 487600000.00 Other Expenses 1335100000.00 85000000.00 4759600000.00 479200000.00 410300000.00 293900000.00 0.00 2276000000.00 2569900000.00 5306300000.00 113900000.00 13639200000.00 105092500000.00 0.00 3575400000.00 1903500000.00 3496400000.00 261500000.00 2588500000.00 11825300000.00 7666000000.00 124583800000.00 138223000000.00 1829000000.00 2975100000.00 4804100000.00 4889100000.00 4977700000.00 1195100000.00 4891900000.00 11064700000.00 215000000.00 110800000.00 11390500000.00 2309900000.00 11378300000.00 12541800000.00 26230000000.00 95658200000.00 29200000.00 26000000.00 121943400000.00 133333900000.00 138223000000.00 Notes: 1. The above results were reviewed and recommended by the Audit Committee & approved by the Board of Directors at their respective meetings held on 28 May, 2024. The financial results for the quarter and year ended 31 March, 2024 have been audited by the Statutory Auditors of the Company and expressed unmodified opinion on the standalone and consolidated financial results. 2. These consolidated financial results have been prepared in accordance with the recognition and measurement principles of India Accounting Standards (IND AS) as notified under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 as amended. The said financial results represents the result of Omaxe Limited (“the Company”), its subsidiaries, partnership firms (together referred as “the Group”) and its share in results of associates which have been prepared in accordance with Ind AS-110 ‘Consolidated Financial Statement’ and Ind AS-28 ‘Investment in Associates and Joint Ventures’. 3. The figures for last quarter of current and previous years are the balancing figures between the audited figures in respect of the full financial year and the published figures for nine months ended for respective years. 4. The unaudited financial results of 145 group companies have been reported by their management/holding company and given effect in consolidated financial results based on financial statements as certified by the management/ holding company. The unaudited financial result of two subsidiary companies having Nil Income/ Profit (Loss) have not been consolidated being non material in nature. 5. In line with the provisions of Ind AS 108 – Operating Segments and on the basis of review of operations being done by the management of the company, the operations of the group falls under real estate business, which is considered to be the only reportable segment by the management. 6. In the financial year ended 31 March 2022, search was initiated against the Company and few subsidiaries / group companies under section 132 of the Income Tax Act, 1961. During the financial year 2023-24 assessments were made and several notices of demand under section 156 of the Income Tax Act, 1961 were received. The company has already filed appeals before CIT(Appeals) disputing the demands so raised. Based on the decision of various appellate authorities, interpretation of relevant provision of the Income Tax Act, 1961 and on the basis of opinion from independent tax expert that the demands so raised will not be sustained on completion of the appellate proceedings. Accordingly, pending the decision by the appellate authorities, no provision of any potential liability has been made in the Financial Statements. 7. During the quarter ended 31 March 2024, the Company acquired 16,99,670 equity shares of M/s Secure Properties Private Limited i.e. 34.55% of equity shares of the company. After acquiring the above equity shares, M/s Secure Properties Private Limited has become the associate company of Omaxe Limited. 10. The Previous period/year figures have been regrouped/ reclassified, wherever necessary, to make them comparable with current year/period figures. 11. The standalone and consolidated financial results of the Company for the quarter and year ended 31 March, 2024 are also available on the Company’s Website (www.omaxe.com) and on the Website of BSE (www.bseindia.com) and NSE (www.nseindia.com). 1303400000.00 3201100000.00 203300000.00 0.00 -269500000.00 -227900000.00 63900000.00 -238000000.00 0.00 -558100000.00 -1019900000.00 6966300000.00 67200000.00 542600000.00 0.00 -10600000.00 20400000.00 1017300000.00 3910600000.00 0.00 0.00 143000000.00 0.00 0.00 0.00 48900000.00 0.00 151400000.00 0.00 15029400000.00 9956400000.00 0.00 0.00 0.00 88700000.00 0.00 9867700000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 146000000.00 168100000.00 100000.00 335900000.00 0.00 0.00 0.00 0.00 0.00 300000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 155500000.00 0.00 -437500000.00 0.00 -640200000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6187800000.00 9265700000.00 0.00 647900000.00 2800000.00 5512800000.00 0.00 0.00 -9241400000.00 -13900000.00 0.00 -13900000.00 1917400000.00 1903500000.00 3100000.00 -5400000.00 800000.00 -1400000.00