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Citadel Realty And Developers Limited — Interim / Quarterly Report 2021
May 3, 2021
64133_rns_2021-05-03_360510b2-2c24-4793-9549-df51a1936b50.pdf
Interim / Quarterly Report
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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: [email protected] Website: www.citadelrealty.in ***********
May 03, 2021
The BSE Limited Dept. of Corporate Services, P. J. Towers, Dalal Street, Mumbai 400 001. Scrip Code: 502445
Sub: Audited Financial Results for the fourth quarter and year ended on March 31, 2021
Dear Sirs,
In compliance with the provisions of Regulation 33 of SEBI (LODR) Regulations, 2015, please find enclosed the Audited Financial Results for the fourth quarter and year ended March 31,2021 along with Statutory Auditors Report for the FY. 2020-2021, as approved by the Board of Directors at its meeting held on May 03, 2021.
Kindly take the same on your record.
Commencement Time: 4:10 p.m. Concluded Time: 5:10 p.m. Yours faithfully,
FOR CITADEL REALTY & DEVELOPERS LIMITED
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ANUJA DUBE COMPANY SECRETARY & COMPLIANCE OFFICER
ENCL. AS ABOVE
BIPIN B. SHAH & CO
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CHARTERED ACCOUNTANTS
Flat No.18,3rd Floor, Fair Field, B-Wing Ramakrishna Mission Road, Santacruz (West), Mumbai 400054, Email ID: [email protected], Tel. No. 2 6001054/26495925 Mobile: 9820234880
Independent Auditor's Report on Quarterly standalone Financial Results and Year to Date Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
To Board of Directors of Citadel Realty and Developers Limited,
-
We have Audited the Standalone Financial Result of the Citadel Realty & Developers Ltd ('' the Company'') for the year ended March 31,2021 ("the Statement") contained in the accompanying statement of audited financial result for the quarter and year ended March 31,2021, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirement) Regulation,2015.as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5,2016.
-
This Statement, Which is the responsibility of the company's Management and approved by the Board of Directors, has been complied for the related standalone Ind As financial statement which has been prepared in accordance with the Indian Accounting Standard prescribed under section 133 of the Companies Act,2013 read with relevant rules issued there under ("Ind AS") and other accounting principles generally accepted in India. Our responsibility is to express the opinion on the statement of based on our audit of such Ind As standalone financial statement.
-
We conducted our audit of the Statement in accordance with the Standards on Auditing (SA's) specified under Section 143(10) of the Act. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the Statement is free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts disclosed in the Statement. An audit also includes assessing the accounting principles used and significant estimates made by the Management.
An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Standalone Ind AS Financial Statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the Standalone Financial Statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company’s preparation of the Standalone Ind AS Financial Statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Company’s Directors, as well as evaluating the overall presentation of the Standalone Financial Statements.
We believe that the audit evidences obtained by us is sufficient and appropriate to provide a reasonable basis for our opinion on the Statement.
-
In our opinion and to the best of our information and according to the explanations given to us, the Statement:
-
(i) is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; and
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1
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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: [email protected], Tel. No. 2 6001054/26495925 Mobile: 9820234880
-
(ii) gives a true and fair view of the net profit (including other comprehensive income) and other financial information of the Company for the year ended March 31, 2021 .
-
The Statement includes the results for the Quarter ended March 31, 2021, being the balancing figure between audited figures in respect of full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us.
For Bipin B. Shah & Co.
Firm Registration Number: 101511W Chartered Accountants
Place:- Mumbai Date :- May 03,2021 UDIN:- 21013191AAAAAC9935
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Bipin B. Shah Proprietor Membership Number 013191.
2
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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: [email protected], Tel. No. 2 6001054/26495925 Mobile: 9820234880
Independent Auditor's Report on Consolidated Ind AS Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
To Board of Directors of Citadel Realty and Developers Limited,
-
We have audited the accompanying Statement of Consolidated Ind AS Financial Results of Citadel Realty and Developers Limited (hereinafter referred to as ‘the Holding Company’) and associate for the year ended March 31,2021 (“the Statement”), being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These Statements the responsibility of the Company's Management and has been approved by the Board of Directors. This Statement has been prepared on the basis of the annual consolidated Ind AS financial statements. Our responsibility is to express an opinion on this Statement based on our audit of such consolidated Ind AS financial statements, which have been prepared in accordance with the Indian Accounting Standards specified under Section 133 of the Companies Act, 2013 (‘the Act’) read with Rule 7 of the Companies (Account) Rules, 2014 and other accounting principles generally accepted in India.
-
We conducted our audit of the Statement in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the Statements free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts disclosed in the Statement. An audit also includes assessing the accounting principles used and significant estimates made by the Management.
An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Consolidated Ind AS Financial Statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the Consolidated Financial Statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company’s preparation of the Consolidated Ind AS Financial Statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Company’s Directors, as well as evaluating the overall presentation of the Consolidated Financial Statements.
We believe that the audit evidences obtained by us is sufficient and appropriate to provide a reasonable basis for our opinion on the Statement.
-
In our opinion and to the best of our information and according to the explanations given to us, the Statement:
-
(i) includes the annual Ind AS financial results of the following entities:
| Sr. No. | Name of the Entity | Relationship |
|---|---|---|
| 1. | Citadel Realty and Developers Limited | Partner in the Firm |
| 2 | Shree Swami Samarth Builders & Developers | Associate (Partnership Firm) |
- (ii) is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; and
1
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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: [email protected], Tel. No. 2 6001054/26495925 Mobile: 9820234880
-
(iii) Gives a true and fair view of the consolidated net profit (including other comprehensive income) and other financial information of the Holding Company including its associate for the year ended March 31, 2021.
-
Our report is not modified in respect of these matters.
-
The Statement also include Group’s share of net profit (including other comprehensive income) of Rs. 1.06 lakhs for the year ended March 31, 2021, as considered in the Statement, in respect of the partnership firm, whose Ind AS financial statements have not been audited by us. These Ind AS financial statements are not audited by their auditor and have been furnished to us by the Management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this Partnership Firm, is based solely on such unaudited Ind AS financial Statements.
For Bipin B. Shah & Co.
Firm Registration Number: 101511W Chartered Accountants
Place:- Mumbai Date :- May 03,2021 UDIN:- 21013191AAAAAD9221
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Bipin B. Shah Proprietor Membership Number 013191.
2
CITADEL REALTY AND DEVELOPERS LIMITED
CIN:L21010MH1960PLC011764
Regd.Office : Marathon Futurex, N.M. Joshi Marg, Lower Parel (West), Mumbai 400 013.
STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31,2021 PREPARED IN COMPLAINCE WITH INDIAN ACCOUNTING STANDARD (IND-AS)
|Sr.
No.|Particulars|(.**in lakhs - Except Equity share data)**|**(**.in lakhs - Except Equity share data)|(.**in lakhs - Except Equity share data)**|**(**.in lakhs - Except Equity share data)|(.**in lakhs - Except Equity share data)**|
|---|---|---|---|---|---|---|
|||**Standalone**|||||
|||**Quarter ended**|||**Year ended**||
|||**31 March 2021**<br>**Audited**|**31 December 2020**<br>**Un-Audited**|**31 March 2020**<br>**Audited**|**31 March 2021**<br>**Audited**|**31 March 2020**<br>**Audited**|
|**1**|**Income from operations**<br>(a) Income from Operations<br>(b) Other Income|56.21<br>-|56.21<br>-|49.87<br>-|224.84<br>-|204.97<br>-|
||**Total Income (a+b)**|**56.21**|**56.21**|**49.87**|**224.84**|**204.97**|
|**2**|**Expenses**<br>a) Property Development Expenses<br>b) Changes in inventories<br>c) Director's Sitting Fees<br>d) Legal & Professional Fees<br>e) Annual Listing fees<br>f) Finance Cost<br>g) Other expenses|-<br>-<br>2.30<br>2.43<br>0.87<br>37.76<br>4.22|-<br>-<br>1.80<br>0.54<br>0.89<br>39.81<br>1.18|-<br>-<br>1.80<br>0.24<br>0.95<br>33.74<br>4.76|-<br>-<br>7.90<br>5.57<br>3.54<br>152.83<br>6.57|-<br>-<br>7.80<br>5.05<br>3.67<br>136.79<br>19.64|
||**Total Expenses**|**47.58**|**44.22**|**41.49**|**176.41**|**172.95**|
|**3**|**Profit/(Loss) from operations before exceptional items and Tax**<br>**(1-2)**|**8.63**|**11.99**|**8.38**|**48.43**|**32.02**|
|**4**|Exceptional Items|-|-|-|-|-|
|**5**|**Profit/(Loss) before tax (3-4)**|**8.63**|**11.99**|**8.38**|**48.43**|**32.02**|
|**6**|**Tax expense**||||||
||- Current Tax|-|-|(1.15)|-|5.00|
||- Deferred Tax|2.27|3.34|2.35|13.34|2.35|
||- MAT Credit|-|-|2.46|-|-|
||- Earlier Year Tax Adjustment|0.80|-|(4.75)|1.08|(4.75)|
|**7**|**Net Profit for theperiod (5+6)**|**5.56**|**8.65**|**9.47**|**34.01**|**29.42**|
|**8**|Share of Profit/(loss)of Firm|-|-|**-**|14.02|23.92|
|**9**|**Net Profit for theperiod after share inprofit (8+9)**|**5.56**|**8.65**|**9.47**|**48.03**|**53.34**|
|**10**|Other comprehensive income (OCI)|-|-|**-**|**-**|-|
|**11**|**Total Comprehensive Income for theperiod (9+10)**|**5.56**|**8.65**|**9.47**|**48.03**|**53.34**|
|**12**|Paid up equity share capital (F.V..10/-)|789.22|789.22|789.22|789.22|789.22|
|13|Earning per share (EPS) (
`.
)
a) Basic EPS
b) Diluted EPS|0.07
0.07|0.11
0.11|0.12
0.12|0.61
0.61|0.68
0.68|
||||||||
Notes :
| 1 | These result have been prepared on the basis of the audited financial statement for the year ended March 31,2021 and interim financial resulted up to the end of the third quarter which is prepared in accordance with the Ind As notified under Companies (Indian Accounting Standars) Rule 2015. These result have been reviewed by the Audit committee and approved by the board at its meeting held on May 03,2021. The Statutory Auditors have expressed an unmodified audit opinion on these result. |
|---|---|
| 2 | Based on the “management approach” as defined in Ind AS 108 – Operating Segments, the Chief Operating Decision Maker (CODM) evaluates the Company’s performance and allocates resources based on an analysis of various performance indicators of business the segment/s in which the company operates. The Company is primarily engaged in the business of real estate development which the Management and CODM recognise as the sole business segment. Hence,disclosure of segment-wise information is not required and accordinglynotprovided. |
| 3 | The figures of the current quarter (i.e. three months ended March 31,2021) and corresponding previous quarter (i.e. three months ended March 31,2020) are the balancing figures between the audited figures in respect of the full financial year and published the year to date figures up to the third quarter of the respective financialyears which have been subjected to limited review. |
| 4 | In the view of sudden widespread of second wave of Covid 19 in almost throughout the country and its potential adverse impact on the economic activities, the company is continuing assessing and evaluating the impact of pandemic on recoverabilities of its assets. The Management of the Company is expecting to recover the carrying value of the assets and does not foresee ay risk to service the financial obligation. The impact of any future events and developments emerging out of Pandemic, occurring after the approval of the above financial results will be recognised prospectively. |
| 5 | Figures for thepreviousperiod are reclassified / re-arranged / re-grouped, wherever necessary. |
Type text here
Place : Mumbai Date :- May 03,2021
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For CITADEL REALTY AND DEVELOPERS LIMITED Director and Chief executive officer (DIN:- 00135602)
CITADEL REALTY AND DEVELOPERS LTD
AUDITED STANDALONE FINANCIAL FOR THE QUARTER AND YEAR ENDED MARCH 31,2021
|Statement of Assets and Liabilities as at March 31,2021|(**in Lakhs)**|**(**in Lakhs)|
|---|---|---|
|Particulars|As at
31 March 2021|As at
31 March 2020|
|ASSETS
1 Non-current assets
(a) Financial Assets
(i) Investments
(b) Deferred Tax Assets (Net)
Total Non - Current Assets
2 Current assets
(a) Inventories
(b) Financial Assets
(i) Cash and Cash Equivalents
(ii) Bank Balance other than (ii) above
(iii) Loans
(c) Other Current Assets
Total Current Assets|71.33
194.21|57.31
200.06|
||
265.54|257.37|
||270.28
0.74
5.25
2,098.47
14.42|270.28
-
3.15
5.43
1,873.64
14.03|
||
2,389.16|2,166.53|
|Total Assets (1+2)|2,654.70|2,423.90|
|EQUITY AND LIABILITIES
1 EQUITY
(a) Equity Share Capital
(b) Other Equity
Total Equity
LIABILITIES
2 Non Current liabilities
(a) Financial Liabilities
(i) Other Financial Liabilities
Total Non Current Liabilities
3 Current liabilities
(a) Financial Liabilities
(i) Borrowings
(ii) Other Financial Liabilities
(c) Other Current Liabilities
(d) Current Tax Liabilities (Net)
Total Current Liabilities|789.22
155.76|789.22
107.72|
||944.98|896.94|
||10.00|10.00|
||10.00|10.00|
||1,667.98
5.25
19.01
7.48|1,490.31
5.43
16.50
4.72|
||1,699.72|1,516.96|
|Total Equity and Liabilities (1+2+3)|2,654.70|2,423.90|
CITADEL REALTY AND DEVELOPERS LTD
AUDITED STANDALONE FINANCIAL FOR THE QUARTER AND YEAR ENDED MARCH 31,2021
|Cash Flow Statement for theyear ended 31 March 2021|(**in Lakhs)**|**(**in Lakhs)|
|---|---|---|
|Particulars|Year ended
31 March 2021|
Year ended
31 March 2020|
|A CASH FLOW FROM OPERATING ACTIVITIES
Net Profit before tax:
Adjustment for:
Finance Cost
Interest Income
Share of profit from Firm
Operating profit before Working Capital changes
Adjustments for changes in Working capital
(Increase)/Decrease in Inventories
Increase/(Decrease) in Trade Payables and other Payable
Increase/(Decrease) in Trade Receivable and other Receivable
Cash generated from/ (used in) operations
Income taxes (paid)
Net Cash from / (used in) operating activities
B CASH FLOW FROM INVESTING ACTIVITIES
Share of profit from Firm
Other Bank Balances
Interest Income
Net Cash from/(used in) investing activities
C CASH FLOW FROM FINANCING ACTIVITIES
Proceed /(Repayment) of Long term and short term borrowings
Dividend (Including Tax on Dividend) paid
Finance cost paid
Proceed /(Repayment) of Long term and short term Loan
Net Cash from/(used in) financing activities
Net Increase / (Decrease) in Cash and Cash Equivalents (A+B+C)
Cash and Cash Equivalents (Opening balance)
Cash and Cash Equivalents (Closing balance) as per statement of Assets and
Liabilities|48.43
152.83
(224.84)
14.02|32.03
136.79
(204.97)
23.92|
||(9.56)|(12.23)|
||0.00
2.58
-0.39|0.00
(62.01)
(2.30)|
||(7.37)
|(76.53)|
||(6.05)|(5.00)|
||(13.42)|(81.53)|
||(14.02)
0.18
224.84|(23.92)
(1.90)
204.97|
||211.00|179.14|
||177.67
0.00
(152.83)
(224.83)|160.08
(46.64)
(136.79)
(71.97)|
||(199.99)|(95.32)|
||(2.41)|2.29|
||3.15
0.74|0.86
3.15|
|NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS|(2.41)|2.29|
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CITADEL REALTY AND DEVELOPERS LIMITED
CIN:L21010MH1960PLC011764
Regd.Office : Marathon Futurex, N.M. Joshi Marg, Lower Parel (West), Mumbai 400 013.
STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31,2021 PREPARED IN COMPLAINCE WITH INDIAN ACCOUNTING STANDARD (IND-AS)
|Sr.
No.|Particulars|(.**in lakhs - Except Equity share data)**|**(**.in lakhs - Except Equity share data)|(.**in lakhs - Except Equity share data)**|**(**.in lakhs - Except Equity share data)|(.**in lakhs - Except Equity share data)**|
|---|---|---|---|---|---|---|
|||**Consolidated**|||||
|||**Quarter ended**|||**Year ended**||
|||**31 March 2021**<br>**Audited**|**31 December 2020**<br>**Un-Audited**|**31 March 2020**<br>**Audited**|**31 March 2021**<br>**Audited**|**31 March 2020**<br>**Audited**|
|**1**|**Income from operations**<br>(a) Income from Operations<br>(b) Other Income|56.21<br>-|56.21<br>-|49.87<br>-|224.84<br>-|204.97<br>-|
||**Total Income (a+b)**|**56.21**|**56.21**|**49.87**|**224.84**|**204.97**|
|**2**|**Expenses**<br>a) Property Development Expenses<br>b) Changes in inventories<br>c) Director's Sitting Fees<br>d) Legal & Professional Fees<br>e) Annual Listing fees<br>f) Finance Cost<br>g) Other expenses|-<br>-<br>2.30<br>2.43<br>0.87<br>37.76<br>4.22|-<br>-<br>1.80<br>0.54<br>0.89<br>39.81<br>1.18|-<br>-<br>1.80<br>0.24<br>0.95<br>33.74<br>4.76|-<br>-<br>7.90<br>5.57<br>3.54<br>152.83<br>6.57|-<br>-<br>7.80<br>5.05<br>3.67<br>136.79<br>19.64|
||**Total Expenses**|**47.58**|**44.22**|**41.49**|**176.41**|**172.95**|
|**3**|**Profit/(Loss) from operations before exceptional items and Tax**<br>**(1-2)**|**8.63**|**11.99**|**8.38**|**48.43**|**32.02**|
|**4**|Exceptional Items|-|-|-|-|-|
|**5**|**Profit/(Loss) before tax (3-4)**|**8.63**|**11.99**|**8.38**|**48.43**|**32.02**|
|**6**|**Tax expense**||||||
||- Current Tax|-|-|(1.15)|-|5.00|
||- Deferred Tax|2.27|3.34|2.35|13.34|2.35|
||- MAT Credit|-|-|2.46|-|-|
||- Earlier Year Tax Adjustment|0.80|-|(4.75)|1.08|(4.75)|
|**7**|**Net Profit for theperiod (5+6)**|**5.56**|**8.65**|**9.47**|**34.01**|**29.42**|
|**8**|Share of Profit/(loss)of Firm|(6.88)|3.00|7.80|1.06|25.80|
|**9**|**Net Profit for theperiod after share inprofit (8+9)**|**(1.32)**|**11.65**|**17.27**|**35.07**|**55.22**|
|**10**|Other comprehensive income (OCI)|-|-|**-**|**-**|-|
|**11**|**Total Comprehensive Income for theperiod (9+10)**|**(1.32)**|**11.65**|**17.27**|**35.07**|**55.22**|
|**12**|Paid up equity share capital (F.V..10/-)|789.22|789.22|789.22|789.22|789.22|
|13|Earning per share (EPS) (
`.
)
a) Basic EPS
b) Diluted EPS|(0.02)
(0.02)|0.15
0.15|0.22
0.22|0.44
0.44|0.70
0.70|
||||||||
Notes :
| 1 | These result have been prepared on the basis of the audited financial statement for the year ended March 31,2021 and interim financial resulted up to the end of the third quarter which is prepared in accordance with the Ind As notified under Companies (Indian Accounting Standars) Rule 2015. These result have been reviewed by the Audit committee and approved by the board at its meeting held on May 03,2021. The Statutory Auditors have expressed an unmodified audit opinion on these result. |
|---|---|
| 2 | Based on the “management approach” as defined in Ind AS 108 – Operating Segments, the Chief Operating Decision Maker (CODM) evaluates the Company’s performance and allocates resources based on an analysis of various performance indicators of business the segment/s in which the company operates. The Company is primarily engaged in the business of real estate development which the Management and CODM recognise as the sole business segment. Hence,disclosure of segment-wise information is not required and accordinglynotprovided. |
| 3 | The figures of the current quarter (i.e. three months ended March 31,2021) and corresponding previous quarter (i.e. three months ended March 31,2020) are the balancing figures between the audited figures in respect of the full financial year and published the year to date figures up to the third quarter of the respective financialyears which have been subjected to limited review. |
| 4 | In the view of sudden widespread of second wave of Covid 19 in almost throughout the country and its potential adverse impact on the economic activities, the Group is continuing assessing and evaluating the impact of pandemic on recoverabilities of its assets. The Management of the Group is expecting to recover the carrying value of the assets and does not foresee ay risk to service the financial obligation. The impact of any future events and developments emerging out of Pandemic, occurring after the approval of the above financial results will be recognised prospectively. |
| 5 | Figures for thepreviousperiod are reclassified / re-arranged / re-grouped, wherever necessary. |
Place : Mumbai Date : May 03, 2021
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For CITADEL REALTY AND DEVELOPERS LIMITED Director and Chief executive officer (DIN:- 00135602)
CITADEL REALTY AND DEVELOPERS LTD
AUDITED CONSOLIDATED FINANCIAL FOR THE QUARTER AND YEAR ENDED MARCH 31,2021
|Statement of Assets and Liabilities as at March 31,2021|(**in Lakhs)**|**(**in Lakhs)|
|---|---|---|
|Particulars|As at
31 March 2021|As at
31 March 2020|
|ASSETS
1 Non-current assets
(a) Financial Assets
(i) Investments
(b) Deferred Tax Assets (Net)
Total Non - Current Assets
2 Current assets
(a) Inventories
(b) Financial Assets
(i) Cash and Cash Equivalents
(ii) Bank Balance other than (ii) above
(iii) Loans
(c) Other Current Assets
Total Current Assets|84.17
194.21|83.11
200.07|
||
278.38|283.18|
||270.28
0.74
5.25
2,098.47
14.42|270.28
-
3.15
5.43
1,873.64
14.03|
||
2,389.16|2,166.53|
|Total Assets (1+2)|2,667.54|2,449.71|
|EQUITY AND LIABILITIES
1 EQUITY
(a) Equity Share Capital
(b) Other Equity
Total Equity
LIABILITIES
2 Non Current liabilities
(a) Financial Liabilities
(i) Other Financial Liabilities
Total Non Current Liabilities
3 Current liabilities
(a) Financial Liabilities
(i) Borrowings
(ii) Other Financial Liabilities
(c) Other Current Liabilities
(d) Current Tax Liabilities (Net)
Total Current Liabilities|789.22
168.60|789.22
133.53|
||957.82|922.75|
||10.00|10.00|
||10.00|10.00|
||1,667.98
5.25
19.01
7.48|1,490.31
5.43
16.50
4.72|
||1,699.72|1,516.96|
|Total Equity and Liabilities (1+2+3)|2,667.54|2,449.71|
CITADEL REALTY AND DEVELOPERS LTD
AUDITED CONSOLIDATED FINANCIAL FOR THE QUARTER AND YEAR ENDED MARCH 31,2021
|Cash Flow Statement for theyear ended 31 March 2021|(**in Lakhs)**|**(**in Lakhs)|
|---|---|---|
|Particulars|Year ended
31 March 2021|
Year ended
31 March 2020|
|A CASH FLOW FROM OPERATING ACTIVITIES
Net Profit before tax:
Adjustment for:
Finance Cost
Interest Income
Share of profit from Firm
Operating profit before Working Capital changes
Adjustments for changes in Working capital
(Increase)/Decrease in Inventories
Increase/(Decrease) in Trade Payables and other Payable
Increase/(Decrease) in Trade Receivable and other Receivable
Cash generated from/ (used in) operations
Income taxes (paid)
Net Cash from / (used in) operating activities
B CASH FLOW FROM INVESTING ACTIVITIES
Share of profit from Firm
Other Bank Balances
Interest Income
Net Cash from/(used in) investing activities
C CASH FLOW FROM FINANCING ACTIVITIES
Proceed /(Repayment) of Long term and short term borrowings
Dividend (Including Tax on Dividend) paid
Finance cost paid
Proceed /(Repayment) of Long term and short term Loan
Net Cash from/(used in) financing activities
Net Increase / (Decrease) in Cash and Cash Equivalents (A+B+C)
Cash and Cash Equivalents (Opening balance)
Cash and Cash Equivalents (Closing balance) as per statement of Assets and
Liabilities|48.43
152.83
(224.84)
1.06|32.03
136.79
(204.97)
23.92|
||(22.52)|(12.23)|
||0.00
2.58
-0.39|0.00
(62.01)
(2.30)|
||(20.33)
|(76.53)|
||(6.05)|(5.00)|
||(26.38)|(81.53)|
||(1.06)
0.18
224.84|(23.92)
(1.90)
204.97|
||223.96|179.14|
||177.67
0.00
(152.83)
(224.83)
|160.08
(46.64)
(136.79)
(71.97)|
||(199.99)|(95.32)|
||(2.41)|2.29|
||3.16
0.75|0.87
3.16|
|NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS|(2.41)|2.29|
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0.74
0.01
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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: [email protected] Website: www.citadelrealty.in ***********
May 03, 2021
The BSE Limited Dept. of Corporate Services, P. J. Towers, Dalal Street, Mumbai 400 001. Scrip Code: 502445
Subject: Declaration pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir,
Pursuant to Regulation 33 (3) (d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2016 (Amended), vide notification no. SEBI/LADNRO/GN/2016-17/001 dated 25 May 2016 and circular no. CIR/CFD/CMD/56/2016 dated 27 May 2016, we hereby state that the Statutory Auditors of the Company, Bipin B. Shah & Co., Chartered Accountants, have not expressed any unmodified opinion/observation in their Audit Report on the Audited Standalone and Consolidated Financial Results of the Company for the financial year ended on March 31, 2021.
You are requested to take the above information on your record.
Yours sincerely,
For Citadel Realty and Developers Limited
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S. Ramamurthi Director & CEO DIN:00135602