Ansal Properties & Infrastructure Ltd. — Annual Report 2019

May 30, 2019

Building Lifestyles Since 1967 30miway,2019

Script Code : ANSALAPI Script Code: 500013 National Stock Exchange of India Ltd BSE Limited Exchange Plaza, 25th Floor, Bandra—Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East) Dalal Street, Mumbai — 400 051 Mumbai —

400 001

Reg.: a) Quarterly / Yearly Audited Financial Results for the Financial Year ended on the 31St March, 2019.

b) Outcome of the Adjourned Board Meeting dated the 30th May, 2019 {Meeting held on the 27th May, 2019}, concluded at 11.25 P.M.

Ref: Regulations ³⁰ and ³³ of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Dear Sirs,

In reference to the captioned matter and further to our previous letter dated the 27th May, 2019, please find enclosed herewith the following:

• 1. Quarterly / Yearly Audited Financial Results for the Financial Year ended on the 31St March, ²⁰¹⁹ together with Consolidated Statement of Accounts comprising of audited Annual Accounts for the same accounting year of subsidiaries/joint venture companies and other companies in terms of Ind AS as Annexure 1.
• 1. Copies of Auditors Reports (Standalone and Consolidated) submitted by the Statutory Auditors of the Company, M/s S.S Kothari Mehta & Company, Chartered Accountants, for the Financial Year ended on 31St March, 2019 as Annexure II.
• 1. Declaration by the Undersigned that Statutory Auditors have expressed unmodified opinion on the Standalone Audited Financial Statement of the Company for the financial year ended on the 31St March, ²⁰¹⁹ as Annexure III.
• 1. Statement on Impact of Audit Qualifications (for audit report with modified opinion) submiLLed along with Annual Audited Financial Results (Consolidated) for the financial year ended on the 31St March, ²⁰¹⁹ as Annexure IV.

Further, with reference to the captioned subject, it may also be noted that the Board has not recommended any dividend for the Financial Year ended the 315L March, 2019.

This is for your information and record please.

Thanking you. Yours faithfully, For Anszl Propert' (AbduIS \_ General Manager ((2 para fairs) & Company Secretary M. No. PCS—7135 3! fra's nucture Ltd. Encl: as above. Ansal Properties & Infrastructure Ltd. VWN ^{z I}

(An ISO ¹⁴⁰⁰¹ :2004OHSAS18001 : 2007) x" 115, Ansal Bhawan. 16. Kasturba Gandhi Marg, New Delhi~110 ⁰⁰¹ "M. Tel.: 23353550, 66302268 / 69 / 70 / 72 Website: www.ansalapilcom ; CIN: L45101DL1967PLC004759 .. Email: customercare@ansalapi.com TOLL FREE NO. 1800 266 5565

,

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ANSAL LTD.

	PROPERTIES RESULTS ANSAL FINANCIAL AUDITED	& THE FOR	ENDED YEAR INFRASTRUCTURE	MARCH LTD. 315T	2019			Lakh In Rs.
				STANDALONE			CONSOLIDATED
\$L.No.	Particulars	31/03/2019	ended 31/12/2018 Quarter	31/03/2018	ended Year 31/03/2019	31/03/2018	ended Year 31/03/2019	31/03/2018
			(Unaudited)
	Income	(Audited)		(Audited)	(Audited)	(Audited)	(Audited)	(Audited)
	operations from Revenue (a)	37,134	11,748	15,486	61,358	54,933	81,168	67,010
	Income Other (b)	1,021	843	419	3,517	1,949	4,271	2,878
	Income Total	38,155	12,591	15,905	64,875	56,882	85,439	69,888
	Expenses
	cost construction Consumed/ Materials of (a) Consumption	27,843	7,407	9,926	41,606	43,927	50,664	58,897
	progress in work and stock-in-trade in (0) (Increase)ldecrease	324		107		(259) 2,288	(159) 2,580	(259)
	expense benefits Employees (c)	299	(978) 463	448	(159) 1,718			3,221
	Cost Finance (d)	2,680	3,083	2,453	12,497	10,171	17,851	17,040
	expense amortization and (e) Depreciation	50	57	88	232	332	2,282	2,389
	Expenditure Other (f)	5,820	4,389	1,162	11,970	4,247	22,886	5,532
	Expenses Total	37,013	14,421	14,184	67,864	60,706	96,104	86,800
	IV) (II tax and items exceptional before Loss	1,139	(1,830)	1,721	(2,989)	(3,824)	(10,665)	(16,912)
VI	Investments of value in Impairment Items for Provision Exceptional	2,184			2,184	2,563	2,184	3,322
VII	(V-Vl) taxes before Loss	(1,045)	(1,830)	1,721	(5,173)	(6,387)	(12,849)	(20,234)
VIII	expenses Tax
	Tax Tax -Current -Deferred	92 (544)	124	269	92 125		92 (96)	(2,758)
	years earlier to pertaining -MAT ~Tax	(0)	15	21	629		854	(10)
	Tax Total	(452)	139	"290,	846		850	(2,768)
	(VII-VIII) Tax after Loss	(593)	(1,969)	' 1,431	(6,019)		(13,699)	(17,466)

t"

(7 iv/

			ended Quarter		ended Year		ended Year
SLNo.	Particulars	31/03/2019	31/12/2018 (Unaudited)	31/03/2018	31/03/2019	31/03/2018	31/03/2019	31/03/2018
		(Audited)		(Audited)	(Audited)	(Audited)	(Audited)	(Audited)
	ventures Associates/Joint in ofProfit/(loss) Share						(325)	299
Xi	(IX+X) period the for (Loss) Profit] Net	(593)	(1,969)	1,431	(8,019)	(3,858)	(14,024)	(17,167)
	to: attributable Profit/(Loss)
	Company the of Owner	(593)	(1,969)	1,431	(6,019)	(3,858)	(11,867)	(13,955)
	interest controlling Non						(2,357)	(3,202)
Xlll	tax) of (net Income Comprehensive Other	10		(1)	11	26	(13)
XIV	(after Loss (Xl+XI l) Income period[Comprising the for Loss Comprehensive Other and Comprehensive Total tax)	(583)	(1,965)	1,430	(6,008)	(3,832)	(14,087)	(17,158)
XV	Profit Income [Comprising period the for Comprehensive Other and Income/(Loss) tax) to: (after Comprehensive (Loss) 1 Total attributable
	interest Company the of controlling Non Owner	(583)	(1,965)	1,430	(6,008)	(3,832)	(2,357) (11,680)	(3,202) (13,956)
XVl	share) equity Capital per 5 Share Rs of Equity value up Paid (Face	7,870	7,870	7,870	7,870	7,870	7,870	7,870
XVII	balance per as Reserves Revaluation excluding Reserves				34,449	157,975	11,734	146,652
	year accounting previous the of sheet
XVIII	) annualized ( not (Rs) Share(EPS) Per Earning
	Items Extraordinary Before
	Basic (a)	(0.38)	(1.25)	0.91		(2.45)		(10.91)
	Diluted (b)	(0.33)	(1.25)	0.91	(3.82) (3.82)	(2.45)	(8.91) (8.91)	(10.91)
	Items Extraordinary After
	Basic (a)	(0.38) (0.38)	(1.25) (1	0.91 "	(3.82) (3.82)	(2.45) (2.45)	(8.91)	(10.91)
	Diluted (b)		.25)	0.91			(8.91)	(10.91)

	Notes:
	of and relevant Board between of results the by figures such quarter the third approved balancing the of audited and the end are have the to results Committee up Company Audit the figures of financial the by these in reviewed Auditors reviewed 2019). reported been unaudited as May date have to 27'h 2018 the ( 2019 year on March, March, 31St 2019 published 31st and the May, 2019 and ended 30th on year year March, held and 31st financial full quarter meeting ended of the for quarter l respect adjourned in the results their for at year. figures financi figures the The Directors audited financial
2).	companies the of 133 section time. to under time from prescribed as As) amended (lnd as 2015, Standards Rules, Accounting Standards) lndian the Accounting with (Indian accordance in Companies the of prepared 3 are rule results with read financial 2013, Act These
3).	under Government Central by issued 108 AS segment. lnd of single within are parameters the and company the of business operations the development 2015, Estate Rules, Real of nature Standards) integrated Accounting the to (lndian regard Having Companies
4).	Cr. not April, 1 were after comparative that or Rs.1175.18 the by on for date contracts to figures said figures. beginning the / the at method period periods as Accordingly, previous approach reporting earnings time. with for in modified point retained a to followed the at be comparable to not debt by applied are obligation has figures mandatorily is application period Company 115 ofperformance which AS The current lnd of the satisfaction Customers", hence impact on requirements. with and given based has Contracts recognition reinstated and revenue of from been 2018 revenue not April, 1 "Revenue have recognition existing of to titled as periods 115 replaces pertains AS lnd This 2018, previous completed
5).	Rs. by lFls/NBF Banks to due interest) (without amount Loan Principal its reduced has basis Cr) Standalone on 462.60 year Rs. to Cr current the 565.36 Rs. during (from Cr Company The 102.76
6).	as are 2019 March, 31St ended year the for Report Audit the in /qualifications (EOM's) Matters of Emphasize the to response Management's The undeh
	EOM's
	to tax under being Exemption Competent ofAuthority 1961 The specified 1961. Act, Act, Tax direction Taxes. conditions Tax the the Direct Income all of the income against of the IA of Board satisfies 80 lA Petition 80 filed, Central as by section Review section the under same Petition, filed under the 2011 of has Review March, the exemption 31" that notification any Company the ended The opinion claimed year the not pending the to Company. has taken up units, the has of Park claimed Company the been Company Industrial application of has The review Cr sale of approved under 34.48 out not application. Rs. its to period has the arising During profits amounting Authority reconsider i).

80 section under notification for eligible hence, 2010, Scheme, (Amendment) Park industrial under replaced being 2008 Scheme, Park Industrial
by the North issued reduced during have has sanctioned Cr. Tribunal, banks Law 6.96 already Company Rs. of the following Company The repayment of interest However, National and Cr) Tribunal. scheme Hon'ble Law the the 99.56 in 15—07—2019. Rs. the to relief before Company be Cr or Wl pending is National 111.36 extension Rs. hearing for Hon'ble thereon (from the Cr fixed by appropriate interest for date and Rs.11.80 next by directions Company the the Deposits the and deposit by with Public of fixed filed {CLB} of Company. compliance Board in the repayment amount l to application Law year an on principal regarding Notices Company financi Bench matter The Delhi Hon'ble current outstanding SARFAESI
under:— as are details Bank—wise
in to the for (DDJAY) Pursuant Company buyer a Yojna the with Awas approved. against Jan DRT been in agreement Dayal an has case into a Deen which filed under entered also (OTS), LOl has has received Bank settlement Company has The time Bank. Cr. the one to for Company 35.70 the Rs. opted of amount which full for the amount Company pay project to the total pay to Escape proposes has Green ofMaharashtra, the of Company Company Bank the part of The a of regards. case in this sale approval, Scheme. a)
the the in by Assets paid Cr. Performing 6.01 consideration Non Rs. as of under is sum a which Company, the of amount receiving loan after the asubsidiary of case NCLT Limited, the restructuring for Townships withdrawn has proposal Hi-tech a Bank Ansal of submitted has account Subsequently, loan a NCLT. company in classified case Further, a Bank Office. filed and lndian Head Company. b)
in of case a terms February, filed Since also repayment Cr has the Bank Rs.106.60 of Office. restructuring for loan Head of Bank their to it the send restructuring for will requested and proposal Bank thereafter the and to Cr. Company's Project the 4.04 the to for Rs. of regards. agreed report sum a this TEV in a paid principle in has getting is has Company the Bank Bank Company the against Loan. the DRT 2019, Allahabad
is is due same the Amount and dues Principal their The of NPA. payment for become has proposal Lucknow, restructuring Project, Delight submitted Bliss has for india of Company The Bank Bank. the from 2019. by loan da March ' 31St on av consideration as Cr active Company Rs? of The under d)
had NPA Debt i in Bank Municipal account Corporation Pooled The The from Or. interest. NCLT. to 390 Rs. of overdue Company plus loan a Cr. 273 taken Subsidiary Rs. has the taken approx. is company, has Bank subsidiary outstanding owned Corporation present wholly The a lenders, Ltd, fifteen (PMDO). ty the of Fac Out Infrastructure APl Ansal category. Obligations

' has Award Award interest amount the properties an The with Liability off along deposit to Cr challenge dispose to to Contingent pronounced. 55.78 Court was Rs. Company 23/08/2019. is to High Company the group Accordingly, the the in Court case. directed Act High amounting ion has Landmark permitted good a ' has before with Court has it Company, Con & Court High the hearing of the that arbitration of date view Hon'ble including Arbitration the of the next of matter 34 29-05-2019, is Group, The the interim U/s. in dated the Ansal in of Company Order petition obligation. Award the per the the as deposit filed Company. Companies 2018, the opinion, has four of Further, of legal 9. mentioned Group on liability September accounts of Ansal 30 towards Based 31-07-201 Cr. Cr, several books ended and before the 30.57 interest. in of joint Rs. Rs.105.08 crore to to quarter levy the 46.01 provided Rs. of During been amounting including amounting contemplates
to and dispute. trying is Company its Shares of The Equity in Company respect Cr in the Company. of 2.54 the of clause Rs. of Management Arbitration subsidiary amount a the an The Limited, Court. invoked invested the has has outside Limited infrastructure investor The it amicably Manager Townships pending. st Ansal resolve is of to investment part trying lL&FS barter. (CCPS) in are some and Shares Managers investor property its a the and investment Preference offered through the of has Limited and part Company Convertible the Realty matter the lndia purchased llRF has settle Compulsorily Meanwhile,
per and The City, as Golf correct basis the Authorities. Sushant in quarterly RERA to on providing not b) registered information information projects 91 factual of Collections, quarterly out relevant all providing Customer of projects not c) six upload sharing and projects, 70:30 of provide de-registering these to for to adhering respect Authority in not undertaken a) of has RERA RERA UP and UP of ground from reply site the on notices Web detailed a are the on received notices has submitted has These information guidelines. Company The RERA complete Company Lucknow.	vi).
i.e. denying Projects inception Lucknow their of Exchanges since audit Stock and projects forensic Authority Registered conducted RERA to who RERA 91 Brown, & / from clarification Cr Currie of 606 reply RERA. Rs. of UP report to of detailed a fund of given basis the on submitted diversion workings has RERA detailed reported UP. of Company from basis The regarding the on received years. 10 was funds ofUP—RERA, of about notice period a cause diversion direction the show A at during alleged
and M/s. with of affairs its presently Shares Equity pending in is managing mis is Iakhs same 40 The Rs. of company Company. investee the investment lnvestee made has However, against affairs of company. Company the the in of stake 40% subsidiary mismanagement and holds owned wholly presently oppression the and for Ltd, Ltd. petition Pvt. filed Management has Services es Fac company the Star NCLT. Pro-Facilities
The includes over. which taken Cr. loan 12.53 Rs. PMDO is the Bank getting for Corporation banker the of loan amerchant outstanding approached total has The soon. Company dismissed. The matter was the Or. which settle to Rs.2.38 DRT in of hopeful is case a overdue 'ed also interest Company

g;.
such above for interest. Tribunal and ofapplication Law over provided outstanding not 5.25%, Company and of withdrawal has Cr. and National interest dues 35.40 Company of Rs. the _, of Hon'ble differential NCLT, dues settlement before for their claimed of before has lClCl lClCl to application by an recovery holder for filed stated proposal a as has Debenture Company lClCl, The by the (IClCI) submitted of 2019. has Fund Iary July 10'h subsi Capital a is consideration Company the Ltd, under is As Venture hearing Pvt. of Cr. date proposal 13.74 Prudential next Townships Rs. said to lClCl accounts. and the the in and holder Landmark issued amounting NCLT, been Ansal interest rate, on has Debenture before The filed (NCLT) Notice coupon differential	ii).
debenture outstanding on crores 40.50 Rs. of interest of provision made not has Company the 2019. of 31, March subsidiary a ended year Limited, the during Townships crores Hi-tech 200 Rs. i) Ansal of	7
	Qualifications
land year 2 acquire within to able acquired not been is land neither has case in ALKTPL AUCPL to date, on As ALKTPL by 2017. July, refunded be 23rd on AUCPL. must the to expired lakhs has 4,793 advance MOU Rs. said of the advance refunded abovementioned entire nor The the right MOU. MOU, of of date terms the per As from parcels/development
in group agreed Venture mentioned Joint existing parties a as its extend condition to (AUCPL), abovementioned specific Limited to intended both Private subject AUCPL purpose, the this as project, For this 2015 for Condominiums land. July, land of Urban 24th on licensable Ansal ALKTP. to purchase the for (ALKTPL) given ofdevelopable Ltd. between was owners Pvt. land acres lakhs 23 entered the to 4,793 was Townships Rs. of minimum of payment (MOU) (Karnal) area payment advance Landmark further a make advance ofUnderstanding on Ansal shall result, a and project As ALKTPL that MOU. housing company Memorandum	xi).
non Vistra for August, October, Company 6'" Guarantee. is 17'h Field) The Trustee on NCLT Brook in holder. Corporate NCLT in Debenture ofproperties their hearing provided (Peninsula case of a debenture has said date filed barter through against of the which to also next also way Court by has The Field High Cr. Ltd. Company, mortgaged Brook the 28.00 are Brookfield Mumbai in Rs. of against which Townships Peninsula case a Peninsula Cr. Court amount Hi-Tech filed 250 properties High had Rs. property. four Ansal of principal -— sell the Mumbai to of second Company the of damages the ready Subsidiary of NCDs sale before the are for resultant they dues ATS and against purchased subsidiary a that their into of has dues Court NCDs, Cr Limited, their the entered & in of recovery Company 100 for the Rs. of offered property Townships recovery case a the one for Hi-tech Meanwhile, filed sold Company has iTCL The 2018 2019. Ansal disbursement	x).
of Ansal value M/s. the in recoverable is impairment no is Cr. 61.56 there Rs. of Project, Karnal amount of an flow cash of Company, the of assessment subsidiary a Ltd., management on (P) Based Township Ltd. Pvt. Landmark amount. Township Ansal of (Karnal) recoverable books said the 1n the Landmark

		Landmark Ansal by held is are shareholding 100% joint [whose (ALKTPL) subsidiaries) Limited Private step Townships (including (Karnal) ries process. subsi Landmark under is audit statements statutory as financial The ii). accounts
8)		Vridhi Estate are criteria Real Limited, Limited, per Lilac as subsidiaries Private (viz. Private nine control, Construction companies Developers mentioned Landmark's above Arezzo Sarvsanjhi Ansal subsidiary and of nine Limited, loss its Limited, to ALKTPL of and due Private Private statements members] Landmark Properties Construction Ansal Family financial Sphere the Arena of Dalmia Limited, Therefore with Limited, Private subsidiaries jointly Private be companies. to these Landmark) Construction Properties ceased over Vriti 110 have (Ansal Aerie Ansal Landmark. Limited, lNDAS year, Limited in Limited, Limited.) Ansal Private with Private previous Private Private specified the During Properties Properties Developers "control" Townships consolidated	for Sia not
		(AUCPL) method. Limited equity Private using by Condominiums consolidated Urban hence Ansal and over control controlled its lest jointly has now is it subsidiaries AUCPL. its over with 110 along lNDAS in d company ' the spec' year, "control" of previous the criteria per During	as
		Urban diminution Ansal in resulting 2/—, (unquoted) Rs. Shares against 111 Rs. Preference to Results. comes the in Convertible value Item share per Compulsorily Exceptional nos. valuation, under fair per shown 23,49,63,810 As and been Cr. has 47.92 Shares This Rs. Cr. to Equity 21.84 nos. totaling Rs. of 36190 ng Limited hol is Private investment of value Company the in The Condominium
		to reclassified, and amounting area rearranged saleable in regrouped, reduction been and have inventory of lperiod year realization _ previous lower of respect in corresponding the of provision figures The impairment for Projects. the of accounted has one in necessary. Cr. Company The 29.89 wherever	Rs.
12)		consolidated for published been not have figures quarterly Hence, basis. annual on results consolidated publish to opted has results. Company The financial
13)		2019. March, 315' on ended year financial the for dividend any recommended not has Board The
	Place: Date:	Bpard the of / Anséi)' behalf la/ on ,, DIN—00002007 Chairman (Sushil an for C F '\" i {302332)} Tree Certified 2019 Delhi May New 30'"

ANSAL PM) 'i 1E3 &ll\1l"RAS'l'RUCTURi—_ Llli/lll'tfl': CIN —

CIN —	L45101DL1967PLC0047SS
STATEMENT OF ASSETS AND LlABlLl'l'lES AS AT 315T MARCH 2019				Rs. in Lallh
	STANDALONE		CONSOLIDATED
	A5 at	AS at	A5 at	A5 at
	3103,2019	3103.2018	3103.2019	31.03.2018
	(Audited)	(Audited)	(Audited)	(Audited)
Assets
(1) Non - current assets
(:3) Property, plant and equipment	1,345	2,328	44,138	46,918
(b) Capital work - in - progress	-	--	7,229	5,911
(c) investment Property	197	1,322	197	1,347
(d) Other intangible assets	15	16	15	16
(e) Goodwill	-	-	23,694	22,291
(f)Financia assets
(i) investments
	62,933	63,870	4,217	6,962
(ii) Trade receivables	»	~	6,523	7,352
(iii) Loans	178	187	459	882
(iv) Others	2,659	5,090	3,265	5,239
(g) Deferred tax assets (net)	2,763	2,895	4,901	2,767
(h) Other non ~ current assets	36,414	40,236	32,305	32,510
Total non - current assets	1,06,504	1,15,944	1,26,943	1,32,195
(2) Current assets
(3) Inventories	3,68,938	2,16,037	6,22,150	4,21,216
(b) Financial assets
(i) Investments
(ii) Trade receivables	22,520	51,402	24,336	57,932
(iii) Cash and cash equivalents	1,611	1,292	2,222	2,794
(iv) Bank balances	»	6	511	402
(v) Loans
'	3,893	4,392	4,278	7,765
(vi)Other\$	1,839	59,341	3,765	67,613
(c) Current tax assets (net)	2,858	1,035	3,468	1,194
(d) Other current assets	71,183	67,595	53,671	52,981
Total current assets	4,72,842	4,01,100	7,14,401	6,11,897
Total assets	5,79,346	5,17,044	8,41,344	7,44,092
Equity and liabilities
Equity
(3) Equity share capital
	7,870	7,870	7,870	7,870
(b) Other equity	34,449	1,57,975	11,734	1,46,652
(c) Non controlling interest	-	-	6,687	13,610
Total Equity
	42,319	1,65,845	26,291	1,68,132
Liabilities
(1) Non - current liabilities
(a) Financial liabilities
(i) Borrowings	12,394	23,484	74,755	90,342
(ii) Trade payables	~	-	-	—
(iii) Other financial liabilities	545	556
			10,873	6,759
(b) Provisions	1,861	2,047	2,918	2,987
(c) Deferred tax liabilities (net)	-	-	-	'
(d) Other non-current liabilities	26	58	6,834	11,900
Total non - current liabilities	14,826	26,145	95,380	1,11,988
(2) Current liabilities
(a) Financial liabilities
(i) Borrowings	3,396	4,077	9,453	7,603
(ii)Trade payables
(a) Total outstanding dues of Micro
Enterprises & Small Enterprises	~	0	64	201
(b) Total outstanding dues of Creditors
other than Micro Enterprises & Small
Enterprises	75,362	79,338	65,801	60,330
(iii) Other financial liabilities	53,650	49,102	1,123,731	1,13,753
(b) Other current liabilities	3,89,213	1,92,002	5,24,929	2,81,455

Total equity & liabilities ^Q /\/ ' 5,79,345 5,17,044 8,41,344 7,44,092 £7

\

\

5,22,201 3,25,054 7,19,673 4,63,972

Total current liabilities

Auditors' Report on Quarterly and Year to Date Results of the Company Pursuant to the Regulation ³³ of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, ²⁰¹⁵

To The Board of Directors,

Ansal Properties & infrastructure Limited New Delhi

• 1. We have audited the quarterly standalone lnd AS financial results (the Statement) of Ansal Properties & Infrastructure Limited ('the Company") for the quarter and the year ended March 31, 2019, attached herewith, being submitted by the company pursuant to the requirement of Regulation ³³ of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, ²⁰¹⁵ as amended ("the Regulation'), read with SEBl Circular No. ClR/CFD/FAC/62/2016 dated July 05, ²⁰¹⁶ ('the Circular'). The standalone lnd AS financial results for the quarter and year ended March 31, 2019 have been prepared on the basis ofthe lnd AS standalone financial result for the nine month period ended December 31, 2018 , and the audited lnd AS standalone financial statements as at and for the year ended March 31, 2019, and the relevant requirements of the Regulation and the Circular, which are the responsibility of the Company's Management and have been approved by the board of directors of the Company. Our responsibility is to express an opinion on these standalone lnd AS financial results based on our review of interim standalone financial results for nine months ended December 31, ²⁰¹⁸ which was prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard ³⁴ (ind AS 34) for Interim Financial Reporting, prescribed, under Section ¹³³ of the Companies Act, ²⁰¹³ read with relevant rules issued thereunder and other accounting principles generally accepted in India; our audit of annual standalone Ind AS financial statements at the end for the year ended March 31, ²⁰¹⁹ and the relevant requirements of the Regulation and the Circular.
• 1. We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the lnd AS financial results are free of material misstatement(s). An audit includes examining, on ^a test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides ^a reasonable basis for our opinion.
• 1. In our opinion and to the best of our information and according to the explanations given to us, these quarterly standalone 1nd AS financial results as well as the year to date results:
• i. are presented in accordance with the requirements of Regulation ³³ of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and
• ii. give ^a true and fair view of the net loss including other comprehensive income and other financial information for the quarter and year ended March 31, 2019.

Page ¹ of ⁴

Plot No. 68, Okhla industrial Area' Phase-III, New Delhi~110020 Tel: 49141—4670 8888 Eumail: inio@ssl<min,com

\ 0

www.33kmin.com

• 4, Without qualifying our opinion, we draw attention to the following:
• a. Refer Note ⁶ (i) of the statement, the Company had claimed ^a cumulative exemption of Rs, 3,448 lakhs up to the period ended March 31, 2011, continuing up to the end of current period, under section 80 lA of the income Tax Act, 1961 being tax profits arising out of sale of industrial Park units, pending the notification of the same by Central Board of Direct Taxes (Competent Authority). The Competent Authority rejected the initial application against which the Company has filed review petition. The Company has taken opinion from ^a senior counsel that its review petition satisfies all the conditions specified in the said Scheme of Industrial Park under industrial Park (Amendment) Scheme, 2010. No exemption is claimed during the current period, as there are no sales of industrial park units.
• Refer Note 6(ii) of the statement, pursuant to Orders of the Company Law Board (CLB) dated the December 30,2014 and April 28, 2016, the Company was required to refund all its public deposits as per the schedule. Further, as per National Company Law Tribunal Order dated January 13, 2017 and in response to an application filed by the Company, as amended/extended from time to time, the Company was required to repay Rs. 200 lakhs per month as per revised schedule. As on March 31, 2019 an amount of Rs. 308 lakh is overdue for payment. The Company's petition regarding revised schedule for repayment of deposits and interest thereon is pending before NCLT. Next date of hearing is July 15, 2019.
• Refer Note 6(iii) of the statement, as per prescribed norms issued by Reserve Bank of india (RBI) and the exercise of powers conferred on the Bank under Securitization and Reconstruction of Financial Assets and Enforcement of Security interest Act, 2002 (SREAFAESl) the following banks have issued notices the details of which are as follows:
  • i) One of the lender banks "Allahabad Bank" (the Lender) has classified the bank accounts ofthe Company as Non — Performing Assets (NPA) and has demanded the entire amount of Rs. 11,929 lakhs due towards the banks outstanding as on May 19, ²⁰¹⁷ being the date ofthe order including interest and penal charges. Against such notice, the Company approached to Debts Recovery Tribunal (DRT). The Bank also appealed against the order of the DRT in Debt Recovery Appellate Tribunal (DRAT) and the matter is pending at DRAT for admission with notice to the Company. Simultaneously the Lender has also filed an application with DRT against the Company which is still pending. As explained to us, the Company is in discussion with the lender to resolve this matter.
  • ii) in addition to above Lender bank, three more banks, have classified the bank accounts of the Company as Non — Performing Assets (NPA) and have demanded the entire amount of Rs.9,052 lakhs due towards the banks outstanding as on September 12, 2018, October 08, 2018 and July 07,2018 including interest and penal charges. As explained to us, the Company is not in agreement with the contention of these lender banks and is in discussions with the lender banks to resolve this matter.

Page ² of4

• d. Refer Note 6(x) of the statement. The Company and the debenture holder of ^a subsidiary Company having overdue principal amount of Rs. 20,000 lakhs have filed cases on each other for their dues/ claims in Hon'ble Mumbai High Court. The Company has given corporate guarantee to the debenture holder on behalf of the subsidiary. The debenture holder has moved an application with NCLT under Insolvency & Bankruptcy Code. As the matter is subjudice, we have relied upon the contention of the management.
• e. Refer Note 6(viii) of the statement, wherein the Company has received an Arbitration Award relating to litigation with Landmark Group wherein the Company isjointly and severally liable to pay an amount of Rs.16,086 lakhs. The Company has sought legal recourse. Details with regard to payment and legal issues are explained in the said note. The matter is subjudice.
• f. Refer Note 6(v) & (vi) of the statement, UP 2 RERA (the authority) had appointed Currie & Brown lndia Private Limited, Gurgaon (CBIPL) as auditor for conducting forensic audit of 91 projects of the Company in Lucknow. CBlPL has submitted its report to the Authority which states diversion of funds by the Company to the tune of Rs. 606 crores, non compliances relating to non adherence to deposit of fixed percentage of amount received from customers in escrow account as per provision of Real Estate (Regulation & Development) Act, 2016 & non submission of quarterly information/ submitting incorrect information at the time of registration of the projects etc. The Authority has issued four Show Cause Notices (SCN) in March 2019 and two SCNs on May 01,2019 to the Company for de registration of its six projects due to above mentioned observations in the forensic report submitted by CBlPL. The Authority had asked the Company to submit replies within 30 days from the receipt ofthe SCNs. The Company has submitted its replies to the four SCNs received in March 2019 denying any diversion of funds and non-adherence in depositing fixed percentage of amount received from customers in escrow account as per provision of Real Estate (Regulation & Development) Act, 2016. As regards, non submission of quarterly information/ submitting incorrect information at the time of registration of the projects is concerned, the Company has agreed to provide the necessary information to the Authority. Reply to the two SCNs received on May 01, 2019 is pending. No further communication is received from the Authority. As the Authority is reviewing the documents/ replies to the SCNs submitted by the Company, we cannot comment on the impact, if any.

Page ³ of4

1. Further, read with paragraph ¹ above, we report that the figures for the quarter ended March 31, 2019 represent the derived figures between audited figures in respect of the financial year ended March 31, 2019 and published year to date figures up to December 31, 2018 being the date ofthe end ofthird quarter ofthe current financial year, which were subjected to ^a limited review as stated in paragraph ¹ above, as required under the regulation and the circular.

for S. S. Kothari Mehta & Company Chartered Accountants Firm Registration No. OOO756N

. a) , f/ ^K rdft-iwwfi \WL,/ Sunil Wahal Partner Ml No. 087294

Place: New Delhi Date: May 30, 2019

lemma/em 1G,!)—

Auditors' Report on Consolidated financial results of the Company Pursuant to the Regulation ³³ of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015

To

The Board of Directors Ansal Properties 8: Infrastructure Limited New Delhi.

• 1. We have audited the consolidated lnd AS financial results of Ansal Properties & Infrastructure Limited (herein after referred to as ' the Company' or "the Holding Company"), its subsidiaries and Joint venture Companies (collectively referred as " the Group") for the year ended March 31, 2019 (the Statement), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation ³³ of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015. The consolidated ind AS financial results are the responsibility of the Holding Company's management and have been approved by the Board of Directors of the Holding Company. Our responsibility is to express an opinion on these consolidated Ind AS financial results based on our audit ofsuch consolidated financial statements, which have been prepared in accordance with the applicable accounting standards and other accounting principles read with relevant Rules issued thereunder and other accounting principles generally accepted in lndia. '
• 1. We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated lnd AS financial results are free of material misstatement(s). An audit includes examining, on ^a test basis, evidence supporting the amounts disclosed in consolidated lnd AS financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides ^a reasonable basis for our opinion.
• 1. We draw attention to:
• i. Note no: 7.(i) of the Statements wherein one of the subsidiary Ansal Hitech Townships Limited (AHTL) has not provided interest aggregating to Rs.4050 lakhs for the year ended March 31, 2019 on debentures issued for Rs. 20000 lakhs. This has resulted in understatement of inventory by Rs 4050 lakhs and understatement of liability for interest by Rs 4050 lakhs in the financials of the subsidiary for the year ended March 31, 2019.
• ii. Note No: ⁷ (ii) of the Statement wherein in one of the subsidiary of the Company "Ansal Landmark Townships Private Limited" (ALTPL), the debenture holder namely lClCl Prudential Venture Capital Fund Real Estate ("IPVCF") has invoked the default interest @ 27% pa. However, the ALTPL has provided normal interest @ 21.75% instead of default interest rate @ 27% pa. Had the ALTPL recognized interest at such default interest rate, loss before tax of the Group would have been higher by Rs. 1,374 lakhs and the current financial liabilities as on that date would have been higher by such amount.

Page ¹ of 8

Plot No. 68, Okhla industrial Area. Phase~il|, New Delhi—110020 Tel: +91 -11—4670 ⁸⁸⁸⁸ Email: inio@sskmin.com \ ^M

• Note no: ⁷ (iii) of the Statements wherein in the case of one joint venture Company ' Ansal Urban Condominium Private Limited' ( AUCPL) not audited by us, whose financial statements/financial information reflect Group's share of (loss) before tax of Rs ³¹¹ lal<hs for the year ended March 31, 2019, have been considered in these consolidated ind AS financial statements. The financial statements/information of this joint venture Company is based on management certified accounts. Our opinion in so far as it relates to the amounts and disclosures included in respect of this joint venture Company is based solely on the unaudited information provided by the Management. The financial statements of AUCPL was audited till March 31, 2015. This joint venture Companyis material to the Group.
• Note no: ⁷ (iii) of the Statements wherein in case of one subsidiary and four step down subsidiaries of the Holding Company not audited by us, whose consolidated financial statements/financial information reflect total assets of 26591 lakh as at March 31, 2019, total revenues of Rs Rs ¹⁷⁶⁰ Iakh and total comprehensive loss of Rs ⁸²¹ Iakh for the year ended on that date respectively, have been considered in these consolidated lnd AS financial statements. The financial statements/information of these subsidiaries is based on management certified accounts. Our opinion in so far as it relates to the amounts and disclosures included in respect ofthese subsidiaries is based solely on the unaudited information provided by the Management. These subsidiaries are considered material to the Group.
• 1. In our opinion and to the best of our information and according to the explanations given to us, except for the effects of the matter described in the paragraph ³ above, these consolidated ind AS financial results:
• include the financial results of the entities for the year ended March 31, ²⁰¹⁹ as per annexure ^~ 1 attached; '
• have been presented in accordance with the requirements of Regulation ³³ of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBl circular ClR/CFD/FAC/62/2016 dated July 5, 2016 in this regard; and
• give ^a true and fair view of the net loss including other comprehensive loss and other financial information for the year ended March 31, 2019.
• Without qualifying, we draw attention to the following matters:
• Refer Note ⁶ (i) of the Statement, the Holding Company had claimed ^a cumulative exemption of Rs. 3,448 lakh up to the period ended March 31, 2011, continuing up to the end of current period, under section ⁸⁰ IA of the income Tax Act, ¹⁹⁶¹ being tax profits arising out of sale of industrial Park units, pending the notification of the same by Central Board of Direct Taxes (Competent Authority). The Competent Authority rejected the initial application against which the Holding Company has filed review petition. The Holding Company has taken opinion from ^a senior counsel that its review petition satisfies all the conditions specified in the said Scheme of Industrial Park under industrial Park (Amendment) Scheme, 2010. No exemption is claimed during the current quarter as there are no sales of industrial park units.
• Refer Note 6(ii) of the Statement, pursuant to Orders of the Company Law Board {CLB} dated the December 30, ²⁰¹⁴ and April 28, 2016, the Holding Company was required to refund all its public

Page ² of ⁸

deposits as perthe schedule. Further, as per National Company Law Tribunal Order dated January 13, 2017, in response to an application filed by the Company, as amended/extended from time to time, the Company was required to repay Rs. ²⁰⁰ lakhs per month as per revised schedule. As on March 31, ²⁰¹⁹ an amount of Rs. 308 lakh is overdue for payment. Next date of hearing is July 15, 2019. .

• Refer Note 6(iii) of the Statement, as per prescribed norms issued by Reserve Bank of India (RBI) and the exercise of powers conferred on the Bank under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, ²⁰⁰² (SREAFAESI) the following banks have issued notices the details of which are as follows:
• i) One ofthe lender banks "Allahabad Bank" (the Lender) has classified the bank accounts ofthe Company as Non — Performing Assets (NPA) and has demanded the entire amount of Rs. 11,929 lakhs due towards the banks outstanding as on May 19, 2017 being the date ofthe order including interest and penal charges. Against such notice, the Company approached to Debts Recovery Tribunal (DRT). The Bank also appealed against the order of the DRT in Debt Recovery Appellate Tribunal (DRAT) and the matter is pending at DRAT for admission with notice to the Company. Simultaneously the Lender has also filed an application with DRT against the Company which is still pending. As explained to us, the Company is in discussion with the lender to resolve this matter.
• ii) In addition to above Lender, three more banks, have classified the bank accounts of the Group as Non _ Performing Assets (NPA) and have demanded the entire amount of Rs.9,052 lakhs due towards the banks outstanding as on September 12, 2018, October 08, 2018 and July 07, 2018 including interest and penal charges. As explained to us, the Company is not in agreement with the contention of these lender banks and is in discussions with the lender banks to resolve this matter.
• iii) Ansal API Infrastructure Ltd. (AAPIL), ^a wholly owned subsidiary company, has taken ^a loan of Rs. 39,000 lakhs from Pooled Municipal Debt Obligations Facility (PMDO). The present outstanding is Rs. 27,267 lakhs excluding overdue interest. This account is classified as NPA by the lenders. Out of the fifteen lenders, Corporation Bank Limited ( CBL) filed the case against AAPIL in NCLT for recovery of overdue amount. Outstanding amount of loan payable to CBL is Rs. 1,253 lakhs which includes overdue interest of Rs. 238 lakhs. The Company is in discussion to resolve the matter.
• Refer Note ⁶ (iv) of the Statement, the auditors' of one of the subsidiary company ' Star Facilities Management Limited" (SFML) has made investment in Pro» Facilities Services Private Limited & hold 40% equity shares in that company. However, the investee Company is mis- managing its affairs and the Company has filed at petition in NCLT for oppression and mismanagement of affairs against the investee company.
• Refer Note 6(v) & (vi) of the Statement, UP RERA (the authority) had appointed Currie & Brown India Private Limited, Gurgaon (CBIPL) as auditor for conducting forensic audit of ⁹¹ projects of

Q.,
CONTROLLER DESCRIPTION

Page ³ of ⁸

of funds by the Company to the tune of Rs. 606 crores, non ^~ compliances relating to non —~

adherence to deposit of fixed percentage of amount received from customers in escrow account as per provision of Real Estate (Regulation & Development) Act, 2016 & non submission of quarterly information/ submitting incorrect information at the time of registration ofthe projects etc. The Authority has issued four Show Cause Notices (SCN) in March 2019 and two SCNs on May 01, 2019 to the Company for de registration of its six projects due to above mentioned observations in the forensic report submitted by CBlPL. The Authority had asked the Company to submit replies within ³⁰ days from the receipt of the SCNs. The Company has submitted its replies to the four SCNs received in March ²⁰¹⁹ denying any diversion of funds and non-adherence in depositing fixed percentage of amount received from customers in escrow account as per provision of Real Estate (Regulation & Development) Act, 2016. As regards, non submission of quarterly information/ submitting incorrect information at the time of registration ofthe projects . is concerned, the Company has agreed to provide the necessary information to the Authority. Reply to the two SCNs received on May 01, 2019 is pending. No further communication is received from the Authority. As the Authority is reviewing the documents/ replies to the SCNs submitted by the Company, we cannot comment on the impact, if any.

• Refer Note 6(viii) of the Statement, wherein the Company has received an Arbitration Award relating to litigation with Landmark Group wherein the Company is jointly and severally liable to pay an amount of Rs.16,086 lakhs. The Company has sought legal recourse. Details with regard to payment and legal issues are explained in the said note. The matter is subjudice.
• Refer Note No.6 (ix) of the Statement wherein auditors of ALTPL has drawn attention to the fact that an amount of Rs. 6,156 lakh is receivable from ALKTPL. The auditors have relied on the management assessment and accordingly no impairment in the value of said recoverable amount is made in the books of accounts.
• Refer Note 6(x) of the Statement, The Company and the debenture holder of ^a subsidiary Company having overdue principal amount of Rs. 20,000 lakhs have filed cases on each other for their dues/ claims in Hon'ble Mumbai High Court. The Company has given corporate guarantee to the debenture holder on behalf of the subsidiary. The debenture holder has moved an application with NCLT under Insolvency & Bankruptcy Code. As the matter is subjudice, we have relied upon the contention ofthe management.
• Refer Note 6.(xi) ofthe Statement, Memorandum of Understanding (MOU) was entered between the Ansal Urban Condominium Private Limited (AUCPL) and & Ansal Landmark (Karnal) Townships Pvt. Ltd. (ALKTPL) on 24th July, 2015 as the AUCPL intended to extend its existing group housing project on ^a further area of minimum ²³ acres of developable licensable land. For this purpose, both abovementioned parties agreed that ALKTPL shall make advance payment to the land owners for purchase of land for this project, subject to specific condition as mentioned in MOU. As ^a result, advance payment of Rs. 4,793 lakhs was given to ALKTPL. As per terms of MOU, the entire advance of Rs. 4,793 lakhs must be refunded by ALKTPL to AUCPL in case land is not acquired within ² year from the date of MOU. The abovementioned MOU has expired on 23rd July, 2017. As on date, ALKTPL has neither been able to acquire land parcels/development right or refunded the said advance to the AUCPL.

Page 4 of 8

Other Matters

• i. We did not audit the financial statements of ⁸⁹ subsidiaries (including ⁷⁹ step down subsidiaries) whose financial statements reflect total revenue of Rs. 23477 lakhs, total comprehensive loss of Rs. 7584 lakhs and cash outflows of Rs. 975 lakhs for the year ended March 31, 2019, and the total assets of Rs. 298739 lakhs as at March 31,2019, as considered in the consolidated Ind AS financial results. These financial statements and other financial information have been audited by other auditors whose audit reports for the year ended March 31, ²⁰¹⁹ have been furnished to us, and our opinion on the consolidated quarter and year ended March 31, 2019 consolidated Ind AS financial results is based solely on the reports of the other auditors.
• ii. The Consolidated incl AS financial results also include the Group's share of loss of Rs. 15 lakhs for the year ended March 31, 2019 respectively in respect of one joint venture, whose financial statements have not been audited by us, as considered in the consolidated ind AS financial statements. These financial statements and other financial information have been audited by other auditor whose audit report for the year ended March 31, 2019 have been furnished to us, and our opinion on the consolidated lnd AS financial results for the year ended March 31, 2019 is based solely on the reports of the other auditor.
• iii. The consolidated Ind AS financial results also include the Group's share of loss of Rs. 0.30 lakhs for the year ended March 31, ²⁰¹⁹ in respect of one joint venture, whose financial statements have not been audited by us, as considered in the consolidated lnd AS financial results. Our report to the extent it concerns this joint venture on the unaudited consolidated Ind AS financial results for the year ended March 31, ²⁰¹⁹ is based solely on the management certified financial results. This joint venture is not considered material to the Group.

For 5. S. KOTHARl MEHTA 8: COMPANY SUNlLWAHAL' Partner Membership No: 087294

Place: New Delhi Date: May 30, 2019

Annexure - 1

	Subsidiary Companies
1	Delhi Towers Ltd.
	Ansal IT City & Parks Ltd.
	Star Facilities Management Ltd.
	Ansal APl infrastructure Ltd,
	Charismatic lnfratech Pvt. Ltd.
	Ansal Hi—Tech Townships Ltd.
	Ansal SEZ Projects Ltd.
	Ansal Townships Infrastructure Ltd.
Loooximmhwm	Ansal Seagull SEZ Developers Ltd.
O 1—4	Ansal Colours Engineering SEZ Ltd.
H ._x	Ansal Phalak infrastructure Pvt. Ltd.
12	Ansal Landmark Townships Pvt. Ltd.
	Step down subsidiaries
13	Ansal Condominium Ltd.
14	Aabad Real Estates Ltd.
15	Anchor Infra projects Ltd.
16	Benedictory Realtors Ltd.
17	Caspian infrastructure Ltd.
18	Celestial Realtors Ltd.
19	Chaste Realtors Ltd.
20	Cohesive Constructions Ltd.
21	Cornea Properties Ltd.
22	Creative Infra Developers Ltd.
23	Decent lnfratech Ltd.
24	Diligent Realtors Ltd.
25	Divinity Real Estates Ltd.
26	Einstein Realtors Ltd.
27	Emphatic Realtors Ltd.
28	Harapa Real Estates Ltd.
29	Inderlok Buildwell Ltd.
30	Kapila Buildcon Ltd.
31	Kshitiz Realtech Ltd.
32	Kutumbkam Realtors Ltd.
	Lunar Realtors Ltd.
	Marwar infrastructure Ltd.
	Muqaddar Realtors Ltd.

Page 6 of 8

36	Paradise Realty Ltd.
37	"Parva rdigaar Realtors Ltd.
38	Pindari Properties Ltd.
39	Pivotal Realtors Ltd.
4O	Plateau Realtors Ltd.
41	Retina Properties Ltd.
42	Sarvodaya infratech Ltd.
43	Sidhivinayak lnfracon Ltd.
44	Shohrat Realtors Ltd.
45	Superlative Realtors Ltd.
46	Taqdeer Realtors Ltd.
47	Thames Real Estates Ltd.
48	Auspicious lnfracon Ltd.
49	Medi Tree Infrastructure Ltd.
50	Phalak lnfracon Ltd.
51	Rudrapriya Realtors Ltd.
52	Twinkle lnfraprojects Ltd.
53	Sparkle Realtech Pvt. Ltd.
54	Awadh Realtors Ltd.
55	Affluent Realtors Pvt. Ltd.
56	Harldham Colonizers Ltd.
S7	Ablaze Buildcon Pvt, Ltd.
58	Quest Realtors Pvt. Ltd.
59	Euphoric Properties Pvt. Ltd.
60	Sukhdham Colonizers Ltd.
61	Dreams Infracon Ltd.
62	Effulgent Realtors Ltd.
63	Ma ngalMurthi Realtors Ltd.
64	Arz Properties Ltd.
65	Tamanna Realtech Ltd.
66	Singolo Constructions Ltd.
67	Unison Propmart Ltd.
68	Lovely Building Solutions Pvt. Ltd.
69	Komal Building Solutions Pvt. Ltd.
70	H. G. lnfrabuiid Pvt. Ltd.
71	Caliber Properties Pvt. Ltd.
72	Mannat infrastructure Pvt. Ltd.
73	Niketan Real Estates Pvt. Ltd.
	Companies being controlled by virtue of control as per ind as 110
74	Augustan lnfrastructurert. Ltd.

Page 7 of 8

7S	Alaknanda Realtorstt Ltd
76	Ansal infrastructure Project Ltd.
77	Pvt. Ltd Chamunda Properties
78	Chandi Properties Pvt. Ltd.
79	Canyon Realtors Pvt. Ltd.
80	Kailash Realtors Pvt. Ltd.
81	Kushmanda Properties Pvt Ltd.
82	Katra Realtors Pvt. Ltd.
83	Kaveri Realtors Pvt. Ltd.
84	Lord Krishna lnfraprojects Ltd.
85	Prithvi Buildtech Pvt Ltd
86	Rudraprayag Realtors Pvt Ltd
87	Saubhagya Real Estates Pvt. Ltd.
88	Saraswati Buildwell Pvt. Ltd.
89	SatEuj Real Estates Pvt. Ltd.
90	Sunshine Colonisers Pvt. Ltd
91	Bajrang Realtors Pvt. Ltd.
92	Delhi Towers & Estates Pvt. Ltd.
93	Kabini Real Estates Pvt. Ltd.
94	Sampark Hotels Pvt. Ltd.
95	Yamnotri Properties Pvt. Ltd.
	Ventures
96	Green Max Estates (P) Ltd
97	Ansal Lotus Melange Projects Pvt. Ltd.
98	I» s
:Joint	Ansal Urban Condominiums Pvt. Ltd. CQWE'MQ ""39: WM?

NW9E...

30th May, 2019

: ANSALAPI Code Script	500013 Code: Script
of National Stock Exchange India Ltd	BSE Limited
Exchange Plaza,	25th Floor,
Bandra—Kurla Complex,	Phiroze Jeejeebhoy Towers,
Bandra (East)	Dalal Street,
400 051 Mumbai —	Mumbai — 400 001

Reg: a) Quarterly / Yearly Audited Financial Results for the Financial Year ended on the 31St March, 2019.

b) Outcome of the Adjourned Board Meeting dated the 30th May, 2019 {Meeting held on the 27"1 May, 2019}, concluded at 11.25 P.M.

Ref: Regulations 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Dear Sir/ Madam,

I, Abdul Sami, General Manager (Corporate Affairs) & Company Secretary and Compliance Officer of the Company, do hereby, declare & confirm that the Statutory Auditors have expressed unmodified opinion on the Standalone Audited Financial Statement of the Company for the financial year ended on the 315' March, 2019.

This is for your information and records please.

Yours faithfully,

For Ansal Properties,:&" frastructure Ltd.

General Manag ,, ^J & Company Secretal'y,,, M. NO. FCS-7135

Building Lifestyles Since 196

Statement of imp ANNEXURE—l \$99"va " S82 act of Audit Qualifications (for audit report with modified opinion) submitted along with Annual Audited

(Rs in Lakhs)
Audited Figures (as
reported after adjusting
for qualifications)
85,439
99,662
(14,223)
(8.91)
845,394
820,478
24,916
~
ended March
lakhs. This has resulted in understatement of inventory by Rs
Rs 4050 lakhs in the financials of the subsidiary for
Management's Views: The
We
of the Company
iCiCl Prudential Venture
27% pa. However, the ALTPL has
Had the ALTPL recognized
by Rs 1,374
Management's Views : The

Ansal Properties & Infrastructure Ltd.

(An lSO ¹⁴⁰⁰¹ : 2004 OHSAS 18001 :2007) ~~~~~~—~-w-

115.AnsalBhawan,16,Kasturba Gandhi Marg, New Delhi-110 001 Tel.: 23353550, 66302268 / 69/ 70/72 Website: wwwiansalapicom ClN: L45101DL1967PLCOO4759

Email: customercare@ansaiapi.com TOLL FREE

iii)	8.	of Audit Qualification Detail We invite attention to iii. Note no: 7 (iii) of the Statements wherein in the :~
		case of one joint ' venture Company Ansai Urban Condominium Private Limited' ( AUCPL) not audited by us,
		whose financial statements/financial information reflect Group's before tax of Rs 311lal <hs share of (loss)</hs
		for the year ended March 31, 2019, have been considered in these consolidated Ind AS financial statements.
		The financial statements/information of this joint venture Company is based on management certified
		accounts. Our opinion in so far as it relates to the amounts and disclosures included in respect of this joint
		venture Company on the unaudited information provided is based solely by the Management The financial
		statements of AUCPL was audited till March 31, 2015. This joint venture Company is material to the Group.
	b.	Type of Audit Qualification : Qualified Opinion
		Frequency of Qualification: Old
		For Audit Qualification(s) where the impact is Quantified by the Auditors, Management's Views : Not
	e.	Applicable
		For Audit Qualification(s) where the impact is not Quantified by the Auditors: Management's estimation on the impact of Audit Qualification: (i)
		The impact of Qualification cannot be Ascertained
		if Management is unable to estimate the impact, reason for the same: (ii)
		will be ascertained upon The impact audit of Financial Statements of the Joint Venture Company
		Auditor's Comments on (i) (iii) and (ii)
		The impact will be ascertained upon audit of Financial Statements of the Joint Venture Company
iv)	a.	of Audit Qualification Detail :"
		We invite attention to Note no: 7 (iii) of the Statements wherein in case of one subsidiary and four step
		down subsidiaries of the Holding Company not audited by us, whose consolidated financial
		statements/financial information reflect total assets of26591 akh as at March 31, 2019, total revenues of Rs Rs 1760 lakh and total comprehensive loss of Rs. 821 lakh for the year
		ended on that date respectively, have been considered in these consolidated ind AS financial statements. The financial
		statements/information of these subsidiaries is based on management certified accounts. Our opinion in so
		far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on
		the unaudited information provided by the Management. These subsidiaries are considered material to the
		Group.
	b.	Type of Audit Qualification : Qualified Opinion
		Frequency of Qualification : Old
		For Audit Qualification(s) where the impact the Auditors, is Quantified by Management's Views : Not
	e.	Applicable For Audit Qualification(s) where the impact is not Quantified by the Auditors :
		Management's estimation on the impact of Audit Qualification: (i)
		of Qualification The impact cannot be Ascertained
		if Management is unable to estimate the impact, reason for the same: (ii)
		The impact will be ascertained upon audit of Financial Statements of S subsidiaries (including 4 step down
		subsidiaries)
		Auditor's Comments on (i) (iii) and (ii) The impact
		will be ascertained upon audit of Financial Statements of 5 subsidiaries (including 4 step down subsidiaries)
	Signatories :-
		\ A/VK
		- 7 Chairman and Whole Time Director 2 Shri 1" Sushii Ansai .3 ,5-
		/
lll.		[A CFO: ShriSuniiKumarGupta 5
		//9'/"4 c 14/" C2/J Audit Committee Chairman: , Dr Lalit Bhasin we? vi "Fifi: C033
		Statutory Auditors: Shri Sunil Wahal "
	Place: New Delhi	1" " Date . 30th May 2019 y k I