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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meeting held on July 26, 2023. The unaudited financial results for the quarter ended June 30, 2023 have been subjected to limited review by the statutory auditors.      2. The figures for the quarter ended March 31, 2023 are the balancing figures between the audited figures for the financial year ended March 31, 2023 and the unaudited year to date figures upto the third quarter of the previous financial year.      3. 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 (Ind AS) 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.       4. During the quarter ended June 30, 2023, pursuant to exercise of stock options by eligible employees under ESOS, the paid up equity share capital has gone up by Rs 26.18 lakhs due to allotment of 2,61,822 shares.      5. Mahindra Homes Private Limited (MHPL), a Joint Venture of the Company, is executing residential projects at NCR. The Tower B project of Luminare had a successful launch and during the quarter ended June 30, 2023 there were increase in sales velocity and prices. Pursuant to above, the Company has evaluated the carrying value of its investment and on the basis of estimated Net Present Value of forecasted cash flows expected to be generated by MHPL, reversed an impairment loss of Rs. 2,291 Lakhs.      6. Given the nature of the activities being carried out by the Company, the financial results for the quarter/period is not representative of the operations for the year.      7. As per Ind AS 108 'Operating Segment', the Company has reported Segment Information for below segments :   a. Projects, Project Management and Development   b. Operating of Commercial Complexes   For the purpose of this, the Managing Director is the Chief Operating Decision Maker.      8. Previous period / year figures have been regrouped wherever found necessary, to conform to current period / year classification.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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