OMAXE2024-04-012024-06-30 OMAXE2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member OMAXE2024-06-30 OMAXE2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532880 OMAXE NOTLISTED Omaxe Limited Equity 2024-04-01 2025-03-31 2024-08-13 2024-08-06 INR Crores First quarter 14:30:00 17:30:00 2024-08-13 2024-08-13 Not applicable Single segment REAL ESTATE 2024-04-01 2024-06-30 Unaudited Standalone 803000000.00 381500000.00 1184500000.00 1153500000.00 0.00 12300000.00 120800000.00 309600000.00 47500000.00 105600000.00 1749300000.00 -564800000.00 0.00 -564800000.00 0.00 76200000.00 76200000.00 0.00 -641000000.00 0.00 0.00 0.00 0.00 -641000000.00 -3900000.00 -644900000.00 -644900000.00 0.00 1829000000.00 10 -3.50 -3.50 0.00 0.00 -3.50 -3.50 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 August 13, 2024. The financial results for the quarter ended June 30, 2024, have been limited reviewed by the Statutory Auditors of the Company and expressed unmodified review report on the standalone and consolidated financial results. 2.The standalone and consolidated financial results have been prepared in accordance with the principles and procedures of Indian Accounting Standards ( Ind AS ) as notified under the Companies (Indian Accounting Standards) Rules, 2015 as specified in Section 133 of the Companies Act, 2013. 3.The consolidated financial results of the company include unaudited financial results of 144 group companies and share of profit/(loss) of nine associate companies which have been reported by their respective management. The unaudited financial result of two subsidiary companies having Nil Income/ Profit (Loss) have not been consolidated being non material in nature. 4.The Company received an order from the Arbitral Tribunal related to Omaxe City Patiala project located at Patiala, Punjab. As per the order, the Company needs to surrender 60 acres of land meant for IT and Biotech Park and 20% of the revenue share (kept in escrow account) of the Company will be forfeited amounting to Rs.53 Crore along with interest thereon. The management of the Company offered to surrender the land as the project is not viable at its current location, accordingly, provision for impairment of inventory of 60 acres land amounting to Rs. 28.55 crore has been made in the quarterly results and grouped in changes in inventories of finished stock & projects in progress. However, regarding forfeiture of 20% of revenue share amounting to Rs. 53 crore and interest thereon, the Company is in the process of filing an appeal against the Order awarded Based on the opinion of an independent expert on this matter, the management of the company is of the opinion that the forfeiture of revenue share will not be sustained in the court. Accordingly, pending the decision by the appellate authorities, no provision of any potential liability towards forfeiture of revenue share has been made in the quarterly results. 5.The company is in receipt of order under section 156 of the Income Tax Act, 1961 in relation to Income Tax Demand(s) amounting to Rs. 298.32 crore (including interest) pertaining to Assessment Years from 2016-17 to 2022-23. As per management of the company, these demands are not justified as the replies & explanations submitted by the management of the company were not accepted by the Assessing Officer. Hence, the Company has filed / to be filed Appeals before CIT (Appeals) within the timelines as allowed under the Act. Accordingly, pending the decision by the appellate authority, no provision of any potential liability towards additional tax demands has been made in the quarterly results. 6.The Company received an Order from SEBI under section 11, 11B of SEBI Act, 1992 covering the period from 2018-19, 2019-20 and 2020-21. The management of the company has denied all such allegations as mentioned in the Order. The management of the company is in the process of filing an appeal with the Securities Appellate Tribunal (SAT) within the time limits as per law. The said order has no impact on the quarterly results of the company. 7.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. 8.The figures for the last quarter of the previous year are the balancing figures between audited figures in respect of the full financial year and the published year to date figures for the nine months ended for the respective year. Other Expenses 105600000.00 Items that will be not be reclassified to statement of profit or loss -5200000.00 -5200000.00 -1300000.00 0.00