TREL2024-07-012024-09-30 TREL2024-07-012024-09-30 TREL2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member TREL2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member TREL2024-09-30 TREL2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue01Member TREL2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue02Member TREL2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue03Member TREL2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue01Member TREL2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue02Member TREL2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue03Member TREL2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults01Member TREL2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults02Member TREL2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults03Member TREL2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults01Member TREL2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults02Member TREL2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults03Member TREL2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets01Member TREL2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets02Member TREL2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets03Member TREL2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member TREL2024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member TREL2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities02Member TREL2024-09-30in-bse-fin:OneReportableSegmentLiabilities02Member TREL2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities03Member TREL2024-09-30in-bse-fin:OneReportableSegmentLiabilities03Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543955 TREL NOTLISTED Transindia Real Estate Limited Equity 2024-04-01 2025-03-31 2024-10-29 2024-10-23 INR Lakhs Half yearly 12:15:00 16:45:00 2024-10-29 2024-10-29 true Cash Flow Indirect Not applicable Multi segment 2024-07-01 2024-09-30 Unaudited Standalone 140300000.00 128000000.00 268300000.00 11000000.00 0.00 0.00 31300000.00 11400000.00 16200000.00 21600000.00 91500000.00 176800000.00 0.00 176800000.00 56300000.00 6100000.00 62400000.00 0.00 114400000.00 0.00 0.00 0.00 0.00 114400000.00 1300000.00 115700000.00 1300000.00 115700000.00 491400000.00 10 0.47 0.47 0.00 0.00 0.47 0.47 1. The unaudited standalone financial results of Transindia Real Estate Limited ( the Company ) for quarter and six months ended September 30, 2024 have been prepared in accordance with the Indian Accounting Standards (“Ind AS”) as prescribed under Section 133 of the Companies Act, 2013 (as amended) read with the Companies (Indian Accounting Standards) Rules, 2015, as amended. 2. The unaudited standalone financial results for the quarter and six months ended September 30, 2024 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on October 29, 2024. The Statutory Auditors have conducted review of these results pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. There are no qualifications in the report issued by the auditors. 3. The Board of directors of the Company at its meeting held on 21 May 2024 has considered and approved inter-alia following matters which has taken place with the related parties. Since they were material related party transactions, the Company has gone ahead with shareholders' approval through postal ballot process. The consent of the shareholders were received on 22 July 2024 in favour of the Company - (i) In view of strategic move for further expansion in warehousing and real estate business, the management of the Company has considered and approved the acquisition of rights of Gorsai Logistics Park Private Limited, Dighanta Landscape Private Limited, Panchghara Landscape Private Limited, Panchghara Logistics Park Private Limited, PCPL Industrial & Logistics Park (Hoskote) Private Limited (hereinafter called as 'Target companies') for the total consideration of Rs 27,778 lakhs. During the quarter, the Company has paid consideration of Rs.16,158 lakhs to 'Talentos Entertainment Private Limited' and 'Talentos Warehousing and Industrial Parks Private Limited' (which are the part of promoter group companies) for acquisition of rights and interest held by them in shares and underlying assets of the Target companies in favour of the Company. As per definitive transaction documents executed between the Company, Target companies and the promoter group companies, the shares of target companies has been pledged in the favour of the Company till the controlling interest will get transferred upon the satisfaction of certain milestones as defined in these documents. The same is treated as substantive condition precedent. (ii)The Property purchases through its Subsidiary Company namely AGL Warehousing Private Limited from Allnet Financial Services Private Limited, Sealand Cranes Private Limited, Talentos (India) Private Limited and Avash Builders & Infrastructure Private Limited for the total consideration of Rs10,730 lakhs. AGL Warehousing Private Limited has completed the said transaction as on September 30, 2024. 4.The Board of directors of the Company at its meeting held on 21 May 2024 has considered and approved the following matters - (i) Buying of 100% controlling stake in Transindia Freight Services Private Limited. During the quarter, The Company has executed the Share Purchase Agreement and effected share transfer. Consequently, Transindia Freight Services Private Limited has become a wholly owned subsidiary of the Company. (ii) Also, it has approved the buy-out of Non-controlling interests in AGL Warehousing Private Limited for a total consideration of Rs 593 lakhs. During the quarter, the Company has executed Share Purchase Agreement (SPA) and effected share transfer. Consequently, AGL Warehousing Private Limited has become a wholly owned subsidiary of the Company. Multi segment 2024-04-01 2024-09-30 Unaudited Standalone 287500000.00 339800000.00 627300000.00 29500000.00 0.00 0.00 85100000.00 22400000.00 32200000.00 73200000.00 242400000.00 384900000.00 0.00 384900000.00 75300000.00 40300000.00 115600000.00 0.00 269300000.00 0.00 0.00 0.00 0.00 269300000.00 900000.00 270200000.00 900000.00 270200000.00 491400000.00 10 1.10 1.10 0.00 0.00 1.10 1.10 Other Expenses 21600000.00 Other Expenses 73200000.00 87100000.00 0.00 2283600000.00 0.00 100000.00 26200000.00 5437300000.00 0.00 1995500000.00 1789200000.00 3784700000.00 0.00 479500000.00 12098500000.00 0.00 1337300000.00 108500000.00 60200000.00 0.00 36600000.00 27900000.00 1570500000.00 0.00 37700000.00 1608200000.00 8500000.00 13715200000.00 491400000.00 12130900000.00 12622300000.00 12622300000.00 194300000.00 0.00 72500000.00 266800000.00 0.00 264400000.00 0.00 76200000.00 607400000.00 194300000.00 48200000.00 58900000.00 301400000.00 10200000.00 17500000.00 156400000.00 485500000.00 1092900000.00 13715200000.00 This will form part of Financial Results notes. 5. The Board of directors of the Company at its meeting held on August 07, 024 has considered inter-alia following matters - (i) Given In principle approval for the sale of its land and building situated at Shoolagiri Taluka , Krishnagiri District, TamilNadu owned by its wholly owned subsidiary company 'Mandanhatti Logistics and Industrial Parks Private Limited'. The subsidiary Company has executed Cancellable Non-binding Letter of Intent (LOI) dated July 05, 2024 with Caterpillar India Private Limited in this respect. The said transaction is subject to execution of various customary closing documents as mentioned in the LOI and without execution of which transaction will not pass through (substantive condition precedent). Hence as on the date of signing of this Limited review results of the Company for quarter and half year ended September 20, 2024 the same event is considered to be a Non adjusting event and accordingly no adjustments /effects of the said transaction have been considered in the financial statements of the Company. (ii) Have declared and paid an interim dividend of Rs. 0.50 per equity share. 6. Exceptional item includes the following - (Rs.in lakhs) Particulars Q30.9.24 Q30.6.24 Q30.9.23 HY30.9.24 HY30.9.23 Y31.3.24 (A) Continuing operations Gain on sale of Equipment Hiring (Crane) division( refer note 8). - - 9,679 - 9,679 9,679 Gain on sale of controlling stake in subsidiaries and other companies under definitive documentation (refer note 7). - - - - - 22,831 Cost incurred towards conversion closing milestone. - - - - (273) (557) Stamp duty payable/provided on adjudication process for assets acquired under demerger. - - - - - (1,732) Total (A) - - 9,679 - 9,406 30,221 Profit before tax till the date of fulfilment of conditions precedent - - 76 - 1,488 1,488 Liability towards profits earned in trust - - (76) - (1,488) (1,488) on behalf of the buyer before conversion closing date (refer note 8) Total (B) - - - - - - Exceptional items from continuing and discontinuing operations (A) + (B) - - 9,679 - 9,406 30,221 Continuing Equipment Hiring (Non crane) 19700000.00 Continuing Logistics park 120600000.00 Discontinuing Equipment Hiring (Crane) 0.00 Continuing Equipment Hiring (Non crane) 38300000.00 Continuing Logistics park 249200000.00 Discontinuing Equipment Hiring (Crane) 0.00 140300000.00 287500000.00 140300000.00 287500000.00 Continuing Equipment Hiring (Non crane) 3800000.00 Continuing Logistics park 56300000.00 Discontinuing Equipment Hiring (Crane) 0.00 Continuing Equipment Hiring (Non crane) -11400000.00 Continuing Logistics park 79000000.00 Discontinuing Equipment Hiring (Crane) 0.00 60100000.00 67600000.00 11400000.00 22400000.00 -128100000.00 'Segment revenue, results, assets and liabilities represent amounts identifiable to each of the operating segments. Below notes will form part of Financial Results. 7. In the previous year ended March 31, 2024, the management of the Company on 28 February 2024 has executed the Securities Subscription and Purchase Agreement (“SSPA”) between Malur Logistics and Industrial Parks Private Limited, Venkatapura Logistics and Industrial Parks Private Limited, Allcargo Logistics & Industrial Park Private Limited, Kalina Warehousing Private Limited and Panvel Warehousing Private Limited (collectively referred to as “”Specified Companies””), Allcargo Logistics Limited (Demerged Company), Horizon Industrial Parks Private Limited (“HIPPL”) and BRE Asia Urban Holdings Ltd (“Investor”) to sell remaining 10% equity stake in the specified companies and 100% equity stake in Allcargo Multimodal Private Limited for an agreed consideration of Rs 25,136 lakhs. During the quarter ended September 30, 2024, the Company has received the balance consideration of Rs 2,100 lakhs. In the previous year ended March 31, 2024, the Company has recognised a gain of Rs 22,831 lakhs on dilution of its equity stake in the said entities and shown as an exceptional item. 8. In the previous year ended March 31, 2024 The Board of directors of the Company in its meeting held on April 26, 2023 has approved and signed Business Transfer Agreement with Premier Heavy Lift Private Limited, for sale of Crane Division as a going concern on a slump sale basis at a lump sum cash consideration of Rs 12,100 lakhs plus the net working capital as on 01 April 2023 being effective date. The related Conditions Precedents as mentioned in Business Transfer agreement has been complied by the Company to the satisfaction of the buyer on July 04, 2023 and Company recorded gain of Rs 9,679 lakhs in the previous year ended March 31, 2024 as an exceptional item. Accordingly, revenue and corresponding expenses of the crane division for the period ended July 04, 2023 are incurred on behalf of the buyer. Thus profit / (loss ) attributable to crane division does not impact Statement of Profit and Loss of the company. The extract of Revenues and expenses of Crane business upto July 04, 2023 are as under- Particulars Q30.9.24 Q30.6.24 Q30.9.23 HY30.9.24 HY30.9.23 Y31.3.24 Revenue from operations - - (7) - 2,481 2,481 Other income - - (1) - 582 582 Total expenses - - 69 - 1,575 1,575 Liability towards profits earned in trust on behalf of the buyer before conversion closing date - - (76) - (1,488) (1,488) Profits from discontinued operation - - - - - - 9. Figures of the previous quarters / periods have been re-grouped where ever considered necessary. 10. The standalone financial results of the Company are available on the Company's website. -339700000.00 176800000.00 384900000.00 Continuing Equipment Hiring (Non crane) 218200000.00 Continuing Logistics park 13496900000.00 Discontinuing Equipment Hiring (Crane) 0.00 13715100000.00 Continuing Equipment Hiring (Non crane) 34400000.00 Continuing Logistics park 405400000.00 Discontinuing Equipment Hiring (Crane) 0.00 439800000.00 22400000.00 200000.00 94700000.00 0.00 0.00 178600000.00 0.00 -178600000.00 0.00 0.00 0.00 0.00 0.00 32200000.00 3900000.00 0.00 0.00 0.00 0.00 0.00 0.00 189800000.00 0.00 -24500000.00 0.00 0.00 -117700000.00 0.00 0.00 -178600000.00 206300000.00 0.00 0.00 0.00 46700000.00 0.00 159600000.00 210000000.00 1789600000.00 0.00 117500000.00 0.00 0.00 0.00 0.00 15900000.00 9600000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1232400000.00 17300000.00 0.00 0.00 0.00 76900000.00 0.00 2983100000.00 0.00 154100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 194300000.00 0.00 0.00 122800000.00 19900000.00 0.00 0.00 -337000000.00 -23300000.00 0.00 -23300000.00 83500000.00 60200000.00 -1300000.00 -900000.00 0.00 0.00