(q) Provisions, contingent liabilities and contingent
assets
i) Provisions are recognised when the Company
has a present legal or constructive obligation
as a result of past events, it is probable that an
outflow of resources will be required to settle
the obligation and the amount can be reliably
estimated. Provisions are not recognised
for future operating losses. Provisions are
measured at the present value of management's
best estimate of the expenditure required to
settle the present obligation at the end of the
reporting period.
Provisions (excluding retirement benefits) are
discounted using pre-tax rate that reflects
current market assessments of the time value
of money and the risks specific to the liability.
The increase in the provision due to the passage
of time is recognised as interest expense.
ii) A contingent liability is a possible obligation
that arises from past events whose existence
will be confirmed by the occurrence or non¬
occurrence of one or more uncertain future
events beyond the control of the company.
The Company does not recognize a contingent
liability but discloses its existence in the
financial statements.
iii) Contingent assets are not recognized, but
disclosed in the financial statements where an
inflow of economic benefit is probable.
(r) Share based payments
Equity settled share-based compensation benefits
are provided to employees under the "Kalpatrau
Limited Employees Stock Option Scheme (ESOS
2024/Scheme). The fair value of options on the grant
date, determined using an appropriate option pricing
model, taking into account terms and conditions of
the grant date is recognised as an employee benefits
expense with a corresponding increase in equity as
“Employee stock option scheme reserves".
The total amount to be recognised is determined by
reference to the fair value of the options granted:
(a) including any market performance conditions
(e.g., the entity's share price)
(b) excluding the impact of any service and non¬
market performance vesting conditions
(e.g., profitability, sales growth targets and
remaining an employee of the entity over a
specified time period), and
(c) including the impact of any non-vesting
conditions (e.g., the requirement for employees
holding shares for a specific period of time).
The total expenses are amortised over the vesting
period, which is the period over which all of the
specified vesting conditions are to be satisfied.
At the end of each period, the entity revises its
estimates of the number of options that are expected
to vest based on the service and non-market
performance vesting conditions. It recognises the
impact of the revision to original estimates, if any, in
the statement of profit and loss, with a corresponding
adjustment to equity. In case vested options
are forfeited or expire unexercised, the related
balance standing to the credit of the “Employee
stock option scheme reserves" is transferred to
“Retained earnings".
In case of equity settled share based payments to
employees of subsidiaries, in the separate financial
statements, the parent company recognises the
impact as investment in the subsidiaries.
(MI) Other Accounting Policies
(a) Foreign currency transactions
i) Foreign currency transactions are recorded
in the reporting currency (Indian rupee) by
applying to the foreign currency amount, the
exchange rate between the reporting currency
and the foreign currency on the date of
the transaction.
ii) ALL monetary items denominated in foreign
currency are converted into Indian rupees at
the year-end exchange rate. The exchange
differences arising on such conversion and on
settLement of the transactions are recognised
in the statement of profit and Loss. Non¬
monetary items in terms of historicaL cost
denominated in a foreign currency are reported
using the exchange rate prevaiLing on the date
of the transaction.
(b) Business combinations
i) The Company accounts for each business
combination (other than common controL
transactions) by appLying the acquisition
method. The Acquisition date is the date on
which control is transferred to the acquirer.
Judgement is appLied in determining the
acquisition date and determining whether
control is transferred from one party to another.
ii) The Company measures goodwiLL as of the
appLicabLe acquisition date at the fair vaLue of
the consideration transferred, incLuding the
recognised amount of any non-controlling
interest in the acquiree, less the net recognised
amount (measured at fair value) of the
identifiabLe assets acquired and LiabiLities
(incLuding contingent LiabiLities in case such
a LiabiLity represents a present obLigation and
arises from a past event, and its fair vaLue
can be measured reLiabLy) assumed. When
the fair vaLue of the net identifiabLe assets
acquired and LiabiLities assumed exceeds the
consideration transferred, a bargain purchase
gain is recognised as capital reserve.
iii) Consideration transferred incLudes the fair
vaLues of the assets transferred, LiabiLities
incurred by the Company to the previous owners
of the acquiree, and equity interests issued
by the Company. Consideration transferred
aLso incLudes the fair vaLue of any contingent
consideration. Consideration transferred does
not incLude amounts reLated to settLement of
pre-existing reLationships.
iv) Transactions costs that the company incurs in
connection with a business combination are
expensed as incurred.
v) Common controL transactions are accounted
for based on pooLing of interest method where
the assets and LiabiLities of the acquiree are
recorded at their existing values, the identity of
reserves of the acquiree is preserved and the
difference between consideration and the face
value of the Share capital of the acquiree is
transferred to the capital reserve.
Note 3
Significant accounting judgements, estimates and
assumptions
The preparation of the Company's financial statements
in conformity with Ind AS requires management to make
judgements, estimates and assumptions that affect the reported
amounts of revenues, expenses, assets and liabilities, and the
accompanying disclosures, and the disclosure of contingent
liabilities. Estimates and judgements are continuously
evaLuated and are based on historicaL experience and other
factors, including expectations of future events that are believed
to be reasonable. Uncertainty about these assumptions and
estimates could result in outcomes that require a material
adjustment to the carrying amount of assets or LiabiLities
affected in future periods. Revisions to accounting estimates
are recognised in the period in which the estimate is revised.
a) Classification of property
The Company determines whether a property is classified
as investment property or inventory:
Investment property comprises land and buildings
(principaLLy commerciaL premises and retaiL property)
that are not occupied substantiaLLy for use by, or in the
operations of, the Company, nor for saLe in the ordinary
course of business, but are heLd primariLy to earn rentaL
income and capital appreciation. These buildings are
substantially rented to tenants and not intended to be sold
in the ordinary course of business.
Inventory comprises property that is held for sale in the
ordinary course of business. Principally, the Company
deveLops and intends to seLL before or on compLetion
of construction.
b) Fair value measurement of financial instruments
When the fair vaLues of financiaL assets and financiaL
LiabiLities recorded in the baLance sheet cannot be
measured based on quoted prices in active markets,
their fair vaLue is measured using appropriate vaLuation
techniques. The inputs to these modeLs are taken from
observabLe markets where possibLe, but where this is not
feasibLe, a degree of judgement is required in estabLishing
fair values. Judgements include considerations of inputs
such as liquidity risk, credit risk and volatility. Changes in
assumptions about these factors could affect the reported
fair vaLue of financiaL instruments.
c) Evaluation of percentage completion
Determination of revenues under the percentage of
completion method necessarily involves making estimates,
some of which are of a technical nature, concerning,
where reLevant, the percentages of compLetion, costs
to compLetion, the expected revenues from the project
or activity and the foreseeabLe Losses to compLetion.
Estimates of project income, as well as projects costs,
are reviewed periodicaLLy. The effect of changes, if any, to
estimates is recognised in the financiaL statements for the
period in which such are determined.
d) Taxes
The Company periodically assesses its liabilities and
contingencies reLated to income taxes for aLL years open to
scrutiny based on latest information available. For matters
where it is probable that an adjustment will be made, the
Company records its best estimates of the tax LiabiLity in
the current tax provision. The Management believes that
they have adequately provided for the probable outcome
of these matters.
Deferred tax assets are recognised for unused tax losses
to the extent that it is probable that taxable profit will
be available against which the losses can be utilised.
Significant management judgement is required to
determine the amount of deferred tax assets that can be
recognised, based upon the LikeLy timing and the LeveL of
future taxabLe profits.
e) Recognition and measurement of defined benefit
obligations
The obLigation arising from defined benefit pLan is
determined on the basis of actuariaL assumptions. Key
actuariaL assumptions incLude discount rate, trends in
saLary escaLation and attrition rate. The discount rate is
determined by reference to market yields at the end of the
reporting period on government securities.
3a Recent Accounting Pronouncements
Ministry of Corporate Affairs (“MCA") notifies new standards
or amendments to the existing standards under Companies
(Indian Accounting Standards) Rules as issued from time to
time. For the year ended 31 March 2026, MCA has not notified
any new standard or amendments to the existing standards
applicable to the Company.
B. Disclosures relating to investment property are as under :
i) Fair value disclosure of Company's investment property
The Company's investment property includes commercial properties namely ,"Kalpataru Inspire" situated at Santacruz.
Mumbai and "Kalpataru Synergy" situated at Santacruz, Mumbai. The fair value of Kalpataru Inspire and Kalpataru Synergy as
at 31 March 2026 and 31 March 2025 have been arrived at on the respective dates based on Independent Valuers Reports by
Meraki Consultants LLP. Meraki Consultants LLP is registered with the authority which governs the valuers in India and they
have appropriate qualifications and experience in the valuation of properties in the relevant locations. The fair values were
determined using the capitalisation rate method based on recent market prices without any significant adjustments being
made to the market observable data.
During the previous year, the Company had issued 14,40,00,000 unsecured compulsorily convertible debentures (“CCDs") of
H100 each, at 0.01%, H100 each by converting outstanding unsecured loans of H 1,44,000 lakhs. The CCDs were convertible into
equity within five years from the date of issuance or prior to filing of UDRHP with SEBI by the Company, whichever is earlier. As
per the terms of the CCD, the same have been converted into 2,78,39,537 equity shares of face value H 10 each and premium
of H 507.25 per share as per valuation report of registered valuer and approved in the board meeting dated 27 March 25.
(ii) Terms / rights attached to equity shares :
The Company has only one class of equity shares having a par value of H 10/- per share. Each holder of equity shares is entitled
to one vote per share. The Company declares and pays dividend in Indian rupees. The final dividend, if any when proposed by
the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the
Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares
held by the shareholders.
Nature and purpose of reserves
(a) General reserve
The General reserve is a free reserve created by the Company by transfer from retained earnings.
(b) Capital reserve
Capital reserve is outcome of past Business Combinations.
(c) Debenture redemption reserve
The Company has created debenture redemption reserve out of the reserves available for distribution of dividend as per the
requirements of section 71(4) of the Companies Act, 2013. However pursuant to listing of the shares of the company on the BSE
Limited and the National Stock Exchange of India limted on 01 July 2025 and in terms of Rule 18 (7) of the companies (Share capital
and Debentures) Rules 2014, the board hereby approves reversal of the Debenture Redemption Reserve ("DRR") amounting of H
3400 lakhs previously created out of profits available for distribution as dividends, to the Retained earnings of the company.
(d) Retained earnings
Retained earnings represent the accumlated earnings net of losses, if any made by the Company over the years.
(e) Securities premium
Securities premium represents the premium on issuance of equity shares
(f) Employee stock grant scheme reserve
Employee stock grant scheme reserve relates to stock options granted by the company to employees of the company under an
employee stock options plan
d) Cumulative non-convertible redeemable preference shares
The Company had issued 9,50,000 0% cumulative non-convertible redeemable preference shares (CNCRPS) of H10 each at a
premium of H 990 per share. As per the terms of the issue, all the CNCRPS were cumulative and redeemable at end of fifteen
years from the date of allotment, unless redeemed earlier at the option of the Company. The holders of the CNCRPS shall not
have any voting rights except as provided under the Companies Act, 2013. The said CNCRPS were due for redemption during
the FY 2023-24.
The terms for redemption of the said CNCRPS are extended upto 14 January 2027 or earlier at the option of the Company vide
resolution passed by the members at the Extra ordinary general meeting held on 26 March 2024. Accordingly, the CNCRPS
are redeemable at the issued price upon maturity unless decided to be redeemed earlier at the option of the Company. The
redemption value have been recognised at present value on the basis of the weighted average cost of borrowings.
i) The details of related party relationships identified by the management of the company and retied upon by the auditor. As
represented by the management all above related party transaction are at Arms length.
ii) The Amounts denoted above are net of taxes.
Note 35
Contingent liabilities and commitments (To the extent not provided for)
I) Contingent liabilities
a) Bank guarantees issued H5440 lakhs (Previous year H6403 lakhs).
b) The company has given corporate guarantee along with subsidiaries and other related parties of H6,14,986 lakhs (Previous
year H 7,22,286 lakhs) to various Banks/Financial Institutions for the loans granted to subsidiaries, enterprises controlled
by the company and other related party. Such loans outstanding as on 31 March 2026 are H3,86,456 lakhs (Previous year
H 4,68,023 lakhs).
c) Disputed dues of direct and indirect tax liabilities of Rs 11,900 lakhs (Previous year H 3,538 lakhs). Out of which, the
company has filed appeal and paid H 600 lakhs (Previous year H 200 lakhs) under protest.
d) There are certain legal cases/disputes pending against the company or filed by the company and liabilities in respect
thereof if any, are unascertained. The Company has engaged reputed advocates to protect its interests and has been
advised that it has strong legal positions against such disputes.
e) The company does not have any long-term contracts including derivative contracts on which there are foreseeable losses
which are not provided.
II) Capital and other commitments
a) The Company has committed to provide continued financial support to its subsidaries, amount unascertained.
Details of loans given, investments made, guarantees given and securities provided covered u/s 186(4) of the Companies
Act, 2013
(a) The Company is engaged in the business of Real Estate Development which is classified under infrastructural facilities as
specified under Schedule Vi of the Companies Act, 2013 (the 'Act') and hence the provisions of Section 186 of the Act related to
loans/guarantees given or securities provided are not applicable to the Company.
(b) There are no investments made other than those disclosed in Note 7
Note 41
Financial risk management objectives and policies
The Company's principal financial liabilities comprise borrowings, trade and other payables. The main purpose of these financial
liabilities is to finance and support Company's operations. The Company's principal financial assets include loans given, trade and
other receivables, cash and cash equivalents, other bank balances and refundable deposits that derive directly from its operations.
The Company is exposed to market risk, credit risk and liquidity risk. The Company's senior management oversees the management
of these risks. The Company's senior management ensures that the Company's financial risk activities are governed by appropriate
policies and procedures and that financial risks are identified, measured and managed in accordance with the Company's policies
and risk objectives. The Board of Directors reviews and agrees policies for managing each of these risks.
Financial Risk Management
The Company has exposure to the following risks arising from financial instruments:
(i) Market Risk
(ii) Credit Risk and
(iii) Liquidity Risk
(i) Market risk
Market risk arises from the Company's use of interest bearing financial instruments. it is the risk that the fair value or future
cash flows of a financial instrument will fluctuate because of changes in interest rates (interest rate risk) or other market
factors. Financial instruments affected by market risk include borrowings, loan givens, fixed deposits and refundable deposits.
a) Interest rate risk
interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of
changes in marketinterest rates. The Company's exposure to the risk of changes in market interest rates relates primarily
to the Company's debt obligations with floating interest rates. The management is responsible for the monitoring of the
Company's interest rate position. Different variables are considered by the management in structuring the Company's
borrowings to achieve a reasonable, competitive, cost of funding.
Interest rate sensitivity
The following table demonstrates the sensitivity to a reasonably possible change in interest rates on that portion of
borrowings affected with all other variables held constant. The effect of change in the interest rate on floating rate
borrowings, is as follows:
b) Currency risk
Currency risk is not material, as the Company's primary business activities are within India and does not have significant
exposure in foreign currency.
(ii) Credit risk
Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading
to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables) and from its
financing activities including security deposits, loans to employees and other financial instruments.
a) Trade receivables
The Company's exposure to credit risk is influenced mainly by the individual characteristics of each customer. The
Company has entered into contracts for sale of residential and commercial premises /leasing of commercial premises.
The payment terms are specified in the contracts. The Company is exposed to credit risk in respect of the amount due.
However, in case of sale, the legal ownership is transferred to the buyer only after the entire amount is recovered. In
case of leasing, the Company takes security deposit to secure the rent In addition, the amount due is monitored on
an ongoing basis with the result that the Company's exposure to bad debts is not significant, The Company evaluates
the concentration of risk with respect to trade receivables as low, as its customers are located in several jurisdictions
industries and operate in largely independent markets.
b) Financial Instrument and cash deposits
With respect to credit risk arising from the other financial assets of the Company, which comprise bank balances, cash,
loans to related parties and other parties, other receivables and deposits, the Company's exposure to credit risk arises
from default of the counterparty, with a maximum exposure equal to the carrying amount of these assets.
Credit risk from balances with banks is managed by Company's treasury in accordance with the Company's policy. The
Company limits its exposure to credit risk by only placing balances with local banks. Given the profile of its bankers,
management does not expect any counterparty to fail in meeting its obligations.
(iii) Liquidity risk
Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company monitors
its risk to a shortage of funds using a recurring liquidity planning tool. This tool considers the maturity of both its financial
investments and financial assets (e.g. trade receivables, other financial assets) and projected cash flows from operations.
The cash flows, funding requirements and liquidity of Company is monitored under the control of Treasury team. The objective
is to optimize the efficiency and effectiveness of the management of the Company's capital resources. The Company's objective
is to maintain a balance between continuity of funding and borrowings. The Company manages liquidity risk by maintaining
adequate reserves and borrowing facilities, by continuously monitoring forecasted and actual cash flows and matching the
maturity profiles of financial assets and liabilities.
The Company currently has sufficient cash on demand to meet expected operational expenses, including the servicing of
financial obligations.
Capital management
For the purpose of the Company's capital management, capital includes issued equity capital, share premium and all other
equity reserves attributable to the equity holders of the Company. The primary objective of the Company's capital management
is to maximise the shareholders' value.
The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the
requirements of the financial covenants. The Company monitors capital using a gearing ratio, which is net debt divided by total
capital plus net debt
Note 42
Share-based Payment
The Nomination and remuneration committee of the Company as its meetings held on 06 June 2025 and 02 March 2026 approved
the grant of 15,94,100 and 71,900 Employee Stock Options Under 'Kalpataru Limited Employee Stock Options Scheme 2024' (“ESOS
2024"/ “Scheme") exercisable into not more than 15,94,100 and 71,900 fully paid up equity shares of the Company, respectively, at
an exercise price of H 306/- per option.
Nature: Equity-settled share-based payment.
Vesting period: 4 years (graded vesting: 25% each year)
Exercise period: Within 3 years from each vesting.
Exercise price: H306 per option
i) There have been no transfer between the levels during the period.
ii) Financial instruments carried at amortised cost such as cash and margin money deposits, trade and other receivables,
trade payables, loans, borrowings and other financial instruments etc. as carrying value is reasonable approximation
of fair values.
iii) For financial assets and liabilities that are measured at fair value, the carrying amounts are equal to the fair values.
The company is the nominee shareholder of various entities in order to comply with minimum number of shareholder requirement
as per the Companies Act, 2013. Based on the request received from the beneficial owners the company has created pledge of the
securities held in its name as the registered holder in favour of the lender of respective facilities availed by such beneficial owners.
Accordingly the company has created charge/s and filed the same with ROC/MCA.
Note 48
Scheme of Arrangement (the “Scheme") between the Company and step down subsidiary namely, Kalpataru Residency
Private Limited (“KRPL")
A) “An application for approving the Scheme of Arrangement (the “Scheme”) between the Company and step down subsidiary
namely, Kalpataru Residency Private Limited (“KRPL”) had been filed with Hon'ble National Company Law Tribunal, Mumbai
Bench ('NCLT') on 30 September 2024. Pursuant to the Scheme, the Demerged Undertaking of the Company comprising
of project “Yoganand” situated at Borivali, Mumbai, was proposed to be demerged from the Company into KRPL on a
going concern basis.
Subsequently, upon resolutions passed by the Board of Directors of the Company at their meeting held on 10 November 2025,
the Scheme was withdrawn vide NCLT Order dated 25 November 2025."
B) In order to simplify the group structure, consolidation of subsidiaries into the Company and to enhance operational synergy,
The Board of Directors of the Company at their meeting held on May 12, 2026, have inter alia, approved the Composite Scheme
of Arrangement (“Composite Scheme”) pursuant to the provisions of Section 230 to 232 and other applicable provisions of the
Companies Act, 2013 and Rules made thereunder, providing for:
a) Demerger of Korum Mall business (Demerged Undertaking) from Kalpataru Retail Ventures Private Limited, a wholly
owned subsidiary of the Company (Demerged Company or Transferor Company 1) into Kalpataru Properties (Thane) Pvt
Ltd, a wholly owned subsidiary of the Company (Resulting Company) and
b) Amalgamation of Kalpataru Retail Ventures Private Limited (Transferor Company 1), Alder Residency Private Limited
(Transferor Company 2), Kalpataru Residency Private Limited (Transferor Company 3), Ardour Developers Private
Limited (Transferor Company 4) and Aspen Housing Private Limited, (Transferor Company 5), collectively referred to as
Transferor Companies, with the Company i.e. Kalpataru Limited (Transferee Company).Transferor Company 1 is a wholly
owned subsidiary of the Company and Transferor Company 2 to 5 are indirect/step down wholly owned subsidiaries
of the Company. The aforesaid Composite Scheme is subject to approval of NCLT, shareholders, creditors and other
regulatory authorities. with an Appointed Date as 1st April, 2026, or such other date as may be approved by Hon'ble
National Company Law Tribunal, Mumbai (NCLT). The effect of the Composite Scheme in the accounts will be given upon
final approval of the Scheme by NCLT and the same will be effective on completion of applicable compliances.
To the best of information of management of the Company, the disclosure requirements to be given pursuant to Gazette notification
for Amendments in Schedule III to Companies Act, 2013 dated 24 March 2021 effective from 01 April 2021 pertaining to following
matters are either disclosed or not applicable to the Company:
1 Disclosure on Revaluation of property, plant and equipment and intangible assets from Registered Valuers is not
applicable to company.
2 No proceeding has been initiated or pending against the Company for holding any benami property under the Benami
Transactions (Prohibition) Act,1988 (us of 1988) an rules made thereunder.
3 The Company has not been declared a wilful defaulter by any bank or financial institution or other lender.
4 Relationship with Struck off Companies*
During the period, the company has not entered into any transaction with companies stuck off under section 248 of the
Companies Act, 2013 or section 560 of Companies Act,1956.
* Based on information available as on the date of reporting.
5 As per clause (87) of section 2 and section 186 (1) of the Companies Act, 2013 and Rules made thereunder, the company is in
compliance with the number of layers as permitted under the said provisions.
6 The Company has not traded or invested in Crypto currency or virtual currency during the financial year.
7 There are no transactions recorded in books of account reflecting surrender/ disclosure of income in the assessment under
Income Tax Act, 1961.
8 The company has not carried out any scheme which is approved by regulatory authorities during the period.
9 The accounting software used by the Company, to maintain its Books of account have a feature of recording audit trail (edit log)
facility and the same has been operated throughout the year for all transactions recorded in the software. The Company has
an established process of regularly identifying shortcomings, if any, and updating technological advancements and features
including audit trail. The shortcomings identified during the course of audit are being reviewed and corrective action is being
taken wherever required.
Note 50
a) To the best of our knowledge & belief, no fund (which are material either individually or in the aggregate) have been advanced
or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the company to
or in any other person(s) or entity(ies), including foreign entity ("Intermediaries"), with the understanding, whether recorded
in writing or otherwise, that the Intermediary shall, whether , directly or indirectly lend or invest in other persons or entities
identified in any manner whatsoever by or on behalf of the company ("Ultimate Beneficiaries") or provided any guarantee,
security or the like on behalf of the Ultimate Beneficiaries.
b) To the best of our knowledge & belief, no funds (which are material either individually or in the aggregate) have been received
by the Company from any person(s) or entity(ies), including foreign entity ("funding parties"), with the understanding, whether
recorded in writing or otherwise, that the Company shall, whether, directly or indirectly, lend or invest in other persons or
entities identified in any manner whatsoever by or on behalf of the funding parties ("Ultimate Beneficiaries") or provide any
guarantee, security or the like on behalf of the Ultimate Beneficiaries.
On 21 November 2025, the Government of India notified the provisions of the Labour Codes, which consolidate twenty nine existing
labour laws into a unified framework governing employee benefit during and after employment. Among other changes, the Codes
introduce a uniform definition of wages and revise certain employee entitlements. The Company has evaluated and disclosed the
incremental impact of these changes based on the position presently ascertainable, in line with the guidance issued by the Institute
of Chartered Accountants of India. The resulting incremental impact of H 174 Lakhs, relating to gratuity and leave encashment, has
been presented as an exceptional item and primarily arises due to the revised wage definition. The Company continues to monitor
the finalisation of Central and State rules, as well as any further clarifications issued by the Government, and will incorporate any
additional accounting implications as required in future periods.
Note 52
Segment information
Disclosure under Ind AS 108 - 'Operating Segments' is not given as, in the opinion of the management, the entire business
activity falls under one segment, viz., Real estate development. The Company conducts its business in only one Geographical
Segment, viz., India.
Note 53
No dividend is declared & paid during the current financial year.
Note 54
Events after reporting date
There have been no events after the reporting date that require disclosure in these financial statements.
Note 55
Previous year figures have been regrouped wherever necessary, to correspond with current period classification. Contract assets
balances pertaining to the previous year have been regrouped from “trade receivables" to Other current assets" to correspond with
current period classification. This regrouping / reclassification has no impact on the profit / (loss), total assets, total liabilities or
total equity of the previous year.
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