5078282022-04-012022-06-305078282022-04-012022-06-30in-bse-fin:OtherExpenses1Member5078282022-04-012022-06-30

ItemsThatWillNotBeReclassifiedToProfitAndLoss1

iso4217:INRiso4217:INRxbrli:shares

507828

ANSALHSG

NOTLISTED

INE880B01015

ANSAL HOUSING LIMITED

Equity

2022-04-01

2023-03-31

2022-08-09

2022-07-30

INR

Lakhs

First quarter

Single segment

NOT APPLICABLE

2022-08-09

16:30:00

2022-08-09

19:00:00

Not applicable

2022-04-01

2022-06-30

Unaudited

Consolidated

427739200

7244300

434983500

184878800

2023600

32858300

188820200

3801100

107775400

520157400

-85173900

-1781000

-83392900

595700

-82797200

593858300

-1.404

1 The above financial results which are published in accordance with Regulation 33 of the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015 have been reviewed by the audit committee and approved by the Board of Directors at their respective meetings held on August 9, 2022. The financial results are in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act 2013, read with rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) (Amendment Rules), 2016. 2 Figures for the quarter ended March 31, 2022 represent the difference between the audited figures in respect of full financial year and the published unaudited figures for nine months ended December 31, 2021. 3 "The Company received notice under Sec 13(2) of the Securitisation and Reconstructions of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 from India bulls Asset Reconstruction Company Limited (“Lender”) demanding full repayment of Rs. 17,508 Lakh (including interest till 05.04.2019). Further, the company has received notice u/s 13(4) of the SARFASAI Act, 2002 where India bulls Asset Reconstruction Company Limited has taken over the symbolic possession on 5th August 2019 of certain mortgaged properties. The company is in discussion with the lender to resolve the matter in the best possible manner. The Company has suspended the mortgaged project (Ansal Amantre) after the symbolic possession. The suspended project is having book value (net of provisions) as on June 30, 2022 amounting to Rs 25,648.76 Lakh. The outstanding liability as per books of accounts on June30, 2022 is Rs 20,920.91 Lakh (including interest) (as on March 31,2022 Rs. 20,510.70 Lakh) pending confirmation/reconciliation with the lender." 4 "The company had received a letter dated 28/01/2021 on “Revocation of settlement of outstanding dues approved vide letter dated 17/11/2017” from IFCI Limited(“Lender”) and consequently received “Notice for payment of Dues” showing an outstanding balance of Rs. 5,757.45 Lakh & Rs 7,226.68 Lakh as principal and interest respectively till 08.04.2022. Due to the revocation of restructuring, interest liability has been enhanced due to default interest. During the year, the company has received notice dated 08.04.2022 under Sec 13(2) of the Securitisation and Reconstructions of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 from IFCI Ltd. (“Lender”) demanding full repayment of Rs. 12,984.13 Lakh (including interest till 08.04.2022). The company has also received summon under sub-section (4) of section 19 of the Recovery of Debts and Bankruptcy Act, 1993, read with sub-rule (2A) of rule 5 of the Debt Recovery Tribunal (Procedure) rules, 1993 from Debts Recovery Tribunal Delhi (DRT-1) dated 01/04/2022. The company submitted the written statement cum Counter claim dated 17th May, 2022 before the Debts Recovery Tribunal Delhi (DRT-1) and the matter is pending before DRT -1. The company is in appeal before the Hon’ble Debts Recovery Appellate Tribunal, Delhi against the Interim Order of DRT-1. The company is in discussion with the lender to resolve the matter in the best possible manner. The outstanding liability as per books of accounts as on 30th June 2022 is Rs. 11,952.46 Lakh (including interest) and default interest is shown under Contingent liability amounting to Rs. 1,513.35 Lakh. The outstanding balance is pending confirmation from the lender." 5 Due to the outbreak of COVID-19 globally and in India, the Company's management has made an initial assessment of the impact on business and financial risks on account of COVID-19. Considering that the company is in the business of real estate, the management believes that the impact of this outbreak on the business and financial position of the company will not be significant as at the date of approval of these financial results. The management does not see any risks in the company's ability to continue as a going concern and meet its liabilities. The company has used the principles of prudence in applying judgements, estimates and assumptions and based on the current estimates, the company expects to recover the carrying amount of trade receivables including advances, investments, inventories and other assets. The eventual outcome of the impact of the global health pandemic may be different from those estimated on the date of approval of these financial statements. Due to the nature of the pandemic, the Company will continue to monitor developments to identify significant uncertainties in future periods, if any. 6 The Company has done an investment of Rs. 491.67 lakh in Housing Construction & Lanka Private Limited (a wholly-owned subsidiary company in Sri Lanka) by way of equity shares. The BOI has terminated the agreements for the development of an integrated township in Sri Lanka between the subsidiary and the BOI. The subsidiary company had filed an arbitration claim against the Board of Investment of Sri Lanka (BOI). During the F.Y.2017-18, the management of the subsidiary company has written off all assets. Now the subsidiary company does not have enough assets to redeem the said investment but the management of the company is of the opinion that they will be able to redeem the said investment and a write-down of the Investment is not required at this stage. 7 The Company is in collaboration with Samyak Projects Private Limited (“Samyak”) for developing a project at Ansal Hub 83–II (Ansal Boulevard), Gurugram. Samyak took an Inter Corporate Deposit of Rs 2,500 Lakh from the company to make the payment related to the project under a collaboration and failed to discharge its obligations for the repayment. The company has approached the NCLT for initiation of the Corporate Insolvency Resolution Process (CIRP) and the management is of the view that the full amount of Rs. 5,795.20 Lakhs (including accrued interest till 31.03.2020) is recoverable from the party and hence no provision for the same has been made in the books of accounts. Further company has not recognised the interest income amounting to Rs 677.59 Lakh, Rs. 519.18 Lakh, Rs. 627.38 Lakh for the quarter ended June 30, 2022, June 30, 2021, March 31, 2022 and Rs. 2,307.62Lakh for the year ended March 31, 2022 respectively due to uncertainty of the realisation of income as per Ind AS 115, “Revenue from Contract with Customer”. 8 Due to unascertainable outcomes for pending litigation matters with Court/Appellate Authorities, the company's management expects no material adjustments on the standalone financial statements. Further, the company may be liable to pay damages/ interest for specific non-performance of certain real estate agreements, and civil cases preferred against the Company for specific performance of the land agreement. The actual liability on account of these may differ from the provisions already created in the books of accounts and disclose as a contingent liability. 9 Based on the guiding principles given in Ind AS -108 “Operating Segment”, the Company is mainly engaged in the business of real estate development viz. construction of residential/commercial properties. As the Company’s business falls within a single segment, the disclosure requirement of Ind AS – 108 in this regard is not applicable. 10 The net recoverable value of advances/security deposits paid by company for acquisition of land/project development is based on the management’s estimates and internal documentation, which include, among other things, the likelihood when the land acquisition would be completed, the expected date of plan approvals for commencement of project, expected date of completion of project and the estimation of sale prices and construction costs. Due to the significance of the balance to the financial statements as a whole and the involvement of estimates and judgement in the assessment which is being technical in nature, the management is of the opinion that entire amount is recoverable/adjustable against the land procurement/amount payable to collaborator under collaboration agreement and hence no provision is required at this stage. 11 The Company has recognised deferred tax asset to the extent of deferred tax liability only. 12 Previous quarter figures have been regrouped/ reclassified wherever considered necessary to conform to the current period classification. 13 The above results are available on the website of the Company i.e., www.ansals.com and on websites of BSE & NSE.

OTHER EXPENDITURE

107775400

Other comprehensive income

595700