Citadel Realty And Developers Limited — Audit Report / Information 2020

Sep 9, 2020

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CITADEL REALTY AND DEVELOPERS LIMITED

Regd. Off.: Marathon Futurex, N.M. Joshi Marg, Lower Parel, Mumbai 400 013 Tel.: +91-22-6724 8484 Fax: +91-22-6772 8408 CIN: L21010MH1960PLC011764 E-mail: citadel@marathonrealty.com Website: www.citadelrealty.in **********

September 09, 2020

To, The Department of Corporate Affairs The BSE Limited Dalal Street Mumbai 400 001.

Scrip code-502445

Subject:- Revised Auditor’s Limited Review Report on Consolidated Financials for the First quarter ended June 30, 2020

Dear Sirs,

With reference to the above, we hereby submit the revised Consolidated Limited Review Report for the first quarter ended June 30, 2020 due to typographical error in year. However, there is no change in the Auditor’s Limited Review Report on Standalone Financial Statement, Standalone and Consolidated Financial statements for the first quarter ended June 30, 2020.

Kindly take the same on your record.

Thanking you,

For Citadel Realty & Developers Limited

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Anuja Dube Company Secretary & Compliance Officer Encl: as above.

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BIPIN B. SHAH & CO CHARTERED ACCOUNTANTS

Flat No.18,3rd Floor, Fair Field, B-Wing Ramakrishna Mission Road,

Santacruz (West), Mumbai 400054, Email ID: bipinbshah234@gmail.com, Tel. No. 2 6001054/26495925 Mobile: 9820234880

INDEPENDENT AUDITOR’S LIMITED REVIEW REPORT ON THE REVIEW OF INTERIM CNSOLIDATED FINANCIAL RESULTS PURSUANT TO THE REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.

TO THE BOARD OF DIRECTORS OF

CITADEL REALTY AND DEVELOPERS LIMITED

1. We have reviewed the accompanying Statement of Unaudited CONSOLIDATED Financial Results of CITADEL REALTY AND DEVELOPER LIMITED (“the Company”) and its Joint Venture (together referred as 'Group') for the quarter ended June 30, 2020 (“the Statement”) attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Regulations”),as amended, read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated 5[th] July, 2016 (“the Circular”).

2. The preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting (Ind AS 34) prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of Companies (Indian Accounting Standards) Rules, 2015 and the Circular, which is the responsibility of the Company’s management and approved by the Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

4. Based on our review conducted and procedures performed as stated in paragraph 3 above and upon consideration of the review reports of the other auditors referred to in paragraph 5 below ,nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, the SEBI Circular and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as

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BIPIN B. SHAH & CO CHARTERED ACCOUNTANTS

Flat No.18,3rd Floor, Fair Field, B-Wing Ramakrishna Mission Road, Santacruz (West), Mumbai 400054, Email ID: bipinbshah234@gmail.com, Tel. No. 2 6001054/26495925 Mobile: 9820234880

amended), including the manner in which it is to be disclosed, or that it contains any material misstatement.

1. We did not review the interim financial results of Joint Venture included in the Statement, whose financial information reflects Share of profit (including other comprehensive income) of `. 3.94 Lakhs for the quarter ended on 30 June 2020, as considered in the financial results of the entities included in the Group. The financial results have been reviewed by other auditors whose review reports have been furnished to us by the other auditors at the request of the management. our conclusion in so far as it relates to the amounts and disclosures included in respect of this joint venture is based solely on the review reports of such other auditors and the procedures performed by us as stated in paragraph 3 above.

For Bipin B. Shah & Co.

Firm Registration Number: 101511W Chartered Accountants

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Bipin B. Shah Proprietor Membership Number 013191.

UDIN:- 20013191AAAAAF4801

Place:- Mumbai Date :- 10th August, 2020

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