DCM Financial Services Ltd. — Interim / Quarterly Report 2022

Nov 10, 2021

Dated: 10/11/2021

The Head- Listing Compliance

BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai- 400001

The Head- Listing Compliance

National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex Mumbai - 400 051

The Head- Listing Compliance

The Calcutta Stock Exchange Ltd. 7, Lyons Range, Murgighata, BBD Bagh, Kolkata, West Bengal- 700001

Security Code: 511611

Stock Code: DCMFINSERV

Sub: Outcome of Board Meeting pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

This is to inform you that Board of Directors of the Company in their meeting held today, i.e. Wednesday, 10th November, 2021 (commenced at 03:00 P.M. and concluded at 5.30 P.M.), have considered and approved, inter-alia, the following business(s):

• 1. Considered and Approved the Unaudited Standalone and Consolidated Financial Results of the company as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter and half year ended 30th September, 2021. (Copy Enclosed)
• 2. The Board considered and took on record, the Limited Review Report on Standalone and Consolidated Financial Results for the quarter and half year ended 30th September, 2021 as placed by the Statutory Auditor of the Company. (Copy Enclosed)
• 3. Taking note of the Cash Flow Statement as per Regulation 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 for quarter and half year ended on 30th September, 2021. (Copy Enclosed)
• 4. The Board took note of Statement of Investor Complaints/Grievances given Under Regulation 13(3) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 for the quarter ended 30th September, 2021.

• 5. Taking note of Closure of Trading Window for Designated Persons as required under SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018 for the quarter ended September 30, 2021;
• 6. Taking note of Certificate of Applicability of Compliance with Report on Corporate Governance as required under Regulation 27(2) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 for the quarter ended September 30, 2021;
• 7. Taking note of The Reconciliation of Share Capital Audit Report under Regulation 76 of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2021;
• 8. Taking note of Shareholding pattern pursuant to Regulation 31 of the (Listing Obligations and Disclosure Requirements)Regulation 2015 for the quarter ended September 30, 2021;
• 9. Taking note of Confirmation Certificate in the matter of Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2021..

Kindly take the above information on your records.

For DCM Financial Services Limited

(Shantanu Deveshwar) DIN: 08268523 Whole Time Director

Encl: As stated above

DCM FINANCIAL SERVICES LIMITED

CIN L65921DL1991PLC043087 Regd. Office: D 7/3, Okhla Industrial Area-II, New Delhi-110020 Tel-011-26387750 email ID: info@dfslonline.in Website: www.dfslonline.in

Date: 10.11.2021

The Head-Listing Compliance	The Head-Listing Compliance	The Manager
BSE Limited,	National Stock Exchange of	The Calcutta Stock
PhirozeJeejeebhoy Towers,	India Ltd.	Exchange Ltd.
Dalal Street,	Exchange Plaza,	7, Lyons Range, Murgighata,
FortMumbai-400001	Plot no. C/1, G Block,	BBD Bagh, Kolkata, West
	Bandra-Kurla Complex	Bengal-700001
	Mumbai -400 051
ScripCode: 511611	Stock Code: DCMFINSERV	Scrip Code: 014032

Subject: Non Applicability of Compliance with Statement of Deviation(s) or Variation(s) as per Regulation 32 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015- For the quarter and half year ended September 30, 2021

Sir/Madam,

With reference to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the disclosure of Statement of Deviation(s) or Variation(s) under the said regulation is not applicable to the Company.

Kindly take the same in your records.

For DCM Financial Services Limited

Shantanu Deveshwar Whole Time Director DIN: 08268523

Place: New Delhi

DCM FINANCIAL SERVICES LIMITED

CIN: L65921DL1991PLC043087 Regd. Office: D 7/3,Okhla Industrial Area-II, New Delhi-110020 Tel-011-26387750 email ID: info@dfslonline.in Website: www.dfslonline.in

Ox MUKESH AGGARWAL & CO.

CHARTERED ACCOUNTANTS

102-103, IJS Palace, X-320, Delhi Gate Bazar, Asaf Ali Road, New Delhi-110002 Tel : 011-4302 8025

LIMITED REVIEW REPORT

• 1. We have reviewed the accompanying statement of unaudited financial results of DCM Financial Services Limited having its registered office at D-7/3, (Mezzenine Floor), Okhla Industrial Area, Phase-2, New Delhi-110020 (the "Company") for the quarter and half year ended September 30, 2021, which are included in the accompanying 'Statement of unaudited financial results for the half year ended September 30, 2021' together with the notes thereon (the "Statement"). The Statement has been prepared by the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations, 2015"), which has been initialed by us for identification purposes. The Statement is the responsibility of the Company's management and has been approved by the Board of Directors. Further, the Management is also responsible to ensure that the accompanying policies used in preparation of this Statement are consistent with those used in the preparation of the Company's opening unaudited Balance Sheet as at April 1, 2016 prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (IND AS) prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies. Our responsibility is to issue a report on statement based on our review. Page i of 5
• 1. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the ! , review to obtain moderate assurance as to whether the Statement is free of material misstatement.
  • 1. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
  • 4, Based on our review conducted as above subject to the notes and audit qualifications and consequential effects thereto not considered by company as referred in notes attached as per annexure 'A', nothing has come to our attention that causes us to believe that the Statement has not been prepared in ali material respects in accordance with IND AS and other recognized

accounting practices and policies, and has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

ANNEXURE 'A'

NOTES TO LEMITED REVIEW REPORT

• 1. NON PROVISION OF INTEREST ON SECURED/UNSECURED LOANS The Company has not provided the interest on the following liabilities for the quarter ended 30% September, 2021:-
  • {a) Interest on debentures @ 10% as per offer letter on 19.5% Debentures amounting to approx. Rs. 46,42 lacs.
  • (b) Interest on bills payable and fixed deposits amounting to approx. Rs. 122.23 lacs.
  • (c) Interest of Inter Corporate deposits amounting to approx. Rs, 0.68 lacs.

To the extent of non-provision of interests as stated above the Loss of the Company for quarter ending 30% September, 2021 is understated by Rs. 169.33 lacs.

2. OTHER MAJOR AUDIT OBSERVATIONS AS PER THE AUDITED FINANCIALS 31% MARCH, 2021 WHICH NEED TO BE READ WITH THIS REPORT

(i Justice Anil Kumar as one man committee was appointed vide order dated: - 3rd September, 2015 by the Hon'ble High Court of Delhi to scrutinize the list of depositors and other claimants and to take steps enumerated hereinafter with the view to resolve at-least some of the disputes. The one man committee submitted its report on to Hon'ble High Court of Delhi on 22rd April, 2016. Taking cognizance of the report, Hon'ble High Court of Delhi on 10% August, 2017 accepted the recommendation of one man committee enumerated in the report. Under Scheme of One Man Committee, Interest of Rs 235 Lacs are payable to Debenture Holders and Rs 1,448 Lacs are payable to Fixed Depositors under Phase-2 of Schedule of Payments laid down by One Man Committee. Presently the said committee has waived any further payment of Interest to Fixed Depositors, Debenture-holders and other lenders, however on complete liquidation of properties and investments, if any surplus remains after payment to all stakeholder creditors; then further payment of Interest would be decided. All stakeholders creditors which are covered under scheme has given its consent to the scheme. No provision of Rs. 1,683 Lacs as laid down under the the scheme towards Interest on Page 2 of 5

Debentures and Fixed Deposits, have been provided in the financial statements on the outstanding amount of Debentures and Fixed Deposits. Had interest of Rs. 1,683 Lacs been provided for in the financial statements of year ending 31st March 2018 on outstanding amount of Debentures and Fixed Deposits, the Net Profit before tax would have been lowered by Rs. 1,683 Lacs and Net Profit after tax would have been lowered by Rs. 1,340 Lacs as at 31st March, 2018. The cumulative net loss as well as Current Liabilities as at 31st March, 2021 would have been higher by Rs 1,340 Lacs.

• For redemption of 'B' series debentures of Rs. 2014.98 Lacs débenture redemption reserve is required to be created. Debenture redemption reserve of Rs, 2014.98 Lacs has not been created due to insufficient profits.
• The.value of assets charged as security in favor of banks, debenture-holders & financial institutions have been depleted over a period of time. The depletion has not yet been ascertained by the Company. To the extent of shortfall, if any, the liability is unsecured, whereas the same has been shown as secured.
• (iv) Balance confirmation of bills receivable and payabie, advances recoverable in cash or in kind, receivables and payables relating to lease and hire purchase,' lease security deposit of which party wise details are not available. Balance confirmation of inter-corporate deposits, balance of ex-employees, margin against L/C, loans from institutions, banks, and other receivables and payables have not been received from the parties/ persons concerned. In the absence of balance confirmation the closing balances as per books of accounts have been incorporated in the final accounts and have been shown, unless otherwise stated by the management about its recoverability in the financials including considering the NPA Provisions, are good for recovery/payment. Time barred debts under the Limitations Act have not been separately ascertained and written off or provided for. In the absence of such confirmation & corresponding reconciliation, it is not feasible for us to determine financial impact on the financials and the amount referred as payable in the financials can differ.

(v) Contingent liabilities and Other Commitments

v(a) During the year ended 30% September, 2011 the company's tenant had filed a claim of Rs. 10,000,000 against the company due to damages suffered by the tenant which is still pending under arbitration proceedings as on 31st March, 2021.

v(b) There is an award passed by the arbitrator against the company in the matter of MS Shoes East Limited on May 28, 2012 for Rs. 5,128,320 ie. the claim amount, along with Rs. 30,680,848 towards interest cost for an underwriting given by the company in the year 1995 for the public issue of M/s MS Shoes East Ltd. Furthermore, an incidental cost which includes arbitration venue rent, record keeping cost, administrative cost and stamp paper charges

v(c} Due to dispute with the builder namely M/s NBCC Lid. from which the company had purchased an office premises in the year 1995, regarding a claim of Rs. 28,829,634 on account of increase in super area and certain other expenditure which the builder 'Le. M/s NBCC Ltd. had incurred and the same is pending in arbitration. Breakup of the amount of Rs. 28,829,634 mentioned supra is as follows:

		amountingtoRs.	549,280, hadbeen awardedThe total financial impact comes to Rs. 36,358,448 which has beencontested by Company before Hon'ble Delhi High Court.		tothe company.
v(c}	M/s	NBCCLtd.arbitration.supra is as follows:	Due to dispute with the builder namely M/s NBCC Lid. fromwhich the company had purchased an office premises in the year1995, regarding a claim of Rs. 28,829,634 on account of increase insuper area and certain other expenditure which the builder 'Le.hadincurredandtheBreakup of the amount of Rs. 28,829,634 mentioned	same	ispendingin
	No.	S. Description			Amount
		1. Differencearea	superprovisionalareaVs.in		22,928,254 /-
		2. Claim of property tax			319,100/-
		3. Claim of ground rent			2,167,190/-
		4. Allied charges			782,210/-
			5. Augmentation of Electric sub station		132,880/-
		6. Loss of profit			2,000,000 /-
		7. Arbitration cost			500,000 /-
	TOTAL				28,829,634/-
The summary position of award is as under:			In Year 20-21, the award was given in respect of dispute that has arisen betweenNBCC Ltd. (Claimant) and DCM Financial Services Limited (Respondent) inrelation to sale of Commercial Space-Upper Ground Floor NBCC Place, PragatiVihar, New Delhi by the Claimant to the respondent.
Party			AmountClaimed		(in Awarded (in Rs.)
			Rs.)
NBCC Ltd.- Claimant			4,34,95,374/ -		41,05,656/-

3. Claim of ground rent4. Allied charges5. Augmentation of Electric sub station6. Loss of profit7. Arbitration costTOTALIn Year 20-21, the award was given in respect of dispute that has arisen betweenNBCC Ltd. (Claimant) and DCM Financial Services Limited (Respondent) inrelation to sale of Commercial Space-Upper Ground Floor NBCC Place, PragatiVihar, New Delhi by the Claimant to the respondent.The summary position of award is as under:PartyAmountClaimed(in Awarded (in Rs.)Rs.)NBCC Ltd.- Claimant4,34,95,374/ -41,05,656/-DCMFinancialServices 32,69,49,945 /-78,97 424 / -Limited-CounterClaimant/ Respondent
		2,167,190/-
		782,210/-
		132,880/-
		2,000,000 /-
		500,000 /-
		28,829,634/-
		Page 4 of 5

That DCM has aiso filed objection in Delhi High Court and the same has not being listed so far,

For Mukesh Aggarwal & Co. Chartered Accountants FirnjRegn. No. 000393N

acy we

(Rishi Mittal) Partner Membership No. 521860 Place: New Delhi ey Dated: 10 November-2021 Ae

Udine DIS DALDAAAA BT THQ Page 5 of 5

DCM FINANCIAL SERVICES LIMITED CIN 16592111991 PLC043087

Regd. Office:- D7/3,(Mezzenine Floor), Oklila Industrial Area, Phase » 2, New Delhi - 110020,

Particulars				in Lakhs'ear Ended	share dalaYear Ended
	30.09.2021	30.06.2021	30.09.2020	30.09.2020	31.03.2021
Revenue from
Total Income
Nv.
in inventories af finished goods, Work-incin-trade
Other Expanses
Total
'. Profit/(Loss} before exceptional itams and tax
tax
Period from continuing
trom discontinued
discontinued
ani
for the
(i) Kems that will not be reclassificd to profit or
Income tax relating to items that. will not be
Items that will be
to items that will betaxtoor
. Total Comprehensive Income far the period
XIV)
Profit (Loss) and Other Comprehensive					(12.45)
for the.Capitalup
Value of Rs, 10/- Each'					2212.51
Other					6576.71
Earnings per equity share (for continuing
Earnings per equity share (for discontinued
Earnings per equity
				0.12
Diluted				0.12

Notes:

(1} The above results have been reviewed by Audit Committee and taken cn record by the Board of Directors at its Meeting held on 10th, November 2021, The Statutery Auditors have conducted a jinited review of the above unaudited financial resutts. . (2) The above result results are prepared in accordance with Indian Accounting Standards ("Ind AS"), the provisions of the Companies Act, 2013 ("the Act"), as applicable and guidelines issued by the Securities and Exchange Board of India ("SEB"). The Ind AS are prescribed under Section 133 of the Act read with Rule 3 of the Companies {Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016,

{3) The IND AS compliant corresponding figures for the period as reported above have not been subjected to review. However, the Company's management has exercised necessary due diligence to ensure that such financial results provide a true and fair view of its affairs.

(4) The figures for the previous period/year have been regrouped/reclassified, wherever necessary, to conform fo the current period/year classification

(5) As the Company's business activity falls within a single segment, therefore "Segment Reporting" are not applicable. .

Fer DCM FINANCIAL SERVICES LTD

Mn ' [ ey hare

SHANTANU DEVESHWAR WHOLE TIME DIRECTOR DIN : 08268523

DCM FINANCIAL SERVICES LTD.

DCM FINANCIAL SERVICES LTD.
Regd. Office:- D7/3,(Mezzenine Floor}, Okhla Industrial Area, Phase - 2, New Delhi - 110020.Statement of Unaudited Standalone Assets and LiabilitiesParticulars	As at Current Half]	(Rupees in Lakhs)As at Previous Year
	Year Ended	Ended
	30.09.2021	31.03.2021
"	(Unaudited)	(Audited)
ASSETS
Non current assets
{a) Property, Plant and Equipment(b) Right to use asset	1151.19	4165.13
(c) Capital Work in Progress	6.08	8.10
(d} Investment Property	-	-
(e) Goodwill	--	-
(f} Other Intangible Assets		-
(g) Intangible assets under development	-	-
(h) Biological Assets other than bearer plants	-	-
(i) Financials Assets-
() Investments	-
(it) Trade Receivables	-
(iii) Loans(iv) Other(to be specified)	-	-
(i) Deferred tax assets (net)	1749.43371.44
(j) Other non-current assets	177.87
Current Assets
(a) Inventories	-
(b) Financials Assets(i) Investments
(i) Trade receivables:	90.80
(it) Cash and cash equivalents	-	"
(iv) Bank Baijance other than (iti) above	24.23311.81
{v) Loans		27 A?
		1753.00370,38175.82-81.12296.00-
(vi} Otheres (Interest accrued but not due on Fixed Deposits)(c) Current tax Assets	6.88-	15.18-
(cd) Other current Assets	6.22	4.09

EQUITY AND LIABILITES
Equity-
(a} Equity Share Capital	2212.81	2212.51
(b) Other Equity	(6572.67)	(6576.71)
Liabliaties
Non -Current liabilites
{a) Financials Liablities
(i) Borrowings	207.70	207.70
(ii) Lease Liability	2.38	4.40
(i} Trade Payable(iv) Other Financial liablities	-	-
(6) Provisions	7.20	7.20
{c} Deffered Tax Liabilites (net)		-
(d) Other Nun-Current Liablities	-	-
Current Liablities	-	-
(a) Financials Liablities
(i) Borrowings	7,777.13	7.07743
(ii) Lease Liability	4.04	4,04
(iit) Trade Payables
(iv) Other Financial liablities	244,78	244.96
(b) Other current liabilities	10.67	10.91
{c) Provisions	2.24	1.415
(d) Current Tax Liablitries	-	-
TOTAL EQUITY AND LIABILITES	3896.95	3893.29

For DCM FINANCIAL SERVICES LIMITED

(Eyer?

(SHANTANU DEVESHWAR) WHOLE TIME DIRECTOR DIN : 0828523

Date: 10th Nov ,202% Place : NEW DELHI

DCM FINANCIAL SERVICES LIMITED
UNAUDITED STANDALONE CASH FLOW STATEMENT FOR THE HALF YEAR ENDED30 SEPTEMBER, 2021
	Six Months ended Six Months ended	(Rupees in Lakhs)
	September 30,	September 30,2021 (01.04.2021 to] 2020 (01.04.2020 to
	30.09.2021)(Unaudited)	30.09.2020)(Unaudited)
ParticularsCash flow from Operating Activities
Profit Before TaxAdjustments for	5.79	25.94
Adjustments for finance costsAdjustments for decrease (increase) in inventories	--	0.55"
Adjustments for decrease (increase) in trade receivables, currentAdjustments for decrease (increase) in trade receivables, non-current	-	-
Adjustments for decrease (increase) in other current assets	-(5.13)	-(6.36)
[Adjustments for other financial assets, non-currentAdjustments for other financial assets, current	-8.27	-(57.70)
Adjustments for other bank balances	-	82.82
Adjustments for increase (decrease) in trade payables, current
Adjustments for increase (decrease) in trade payables, non-current	--	-~
Adjustments for increase (decrease) in other current liabilities	(0.24)	{12.55}
Adjustments for increase (decrease) in other non-current liabilitiesAdjustments for depreciation and amortisation expense	-15.97	-16.34
Adjustments for impairment loss reversal of impairment loss recognised in profit orloss	-	-
Adjustments for provisions, currentAdjustments for provisions, non-current	1.06-	1,20-
Adjustments for other financial liabilities, currentAdjustments for other financial liabilities, non-current	0.21>	(29.89)-
Adjustments for unrealised foreign exchange losses gains	:	:
Adjustments for dividend incomeAdjustments for interest income	-(59.83)	(0,00)(89.26)
Adjustments for share-based payments.	-	-
Adjustments for fair value losses (gains)Adjustments for undistributed profits of associates	(9.68)=	(9.27)=
Other adjustments for which cash effects are investing or financing cash flowOther adjustments to reconcile profit (loss)	-(1.93)	-0.17
Other adjustments for non-cash items	:	:
Share of profit and loss from partnership firm or association of persons or limitedliability partnerships	-	-
Total adjustments for reconcile profit (loss}Net cash flows from (used in} operations	(51.30)(45.51)	(103.95)(78.01)
Dividends received	:	:
interest paidinterest received	--	-
income taxes paid (refund)Other inflows (outflows) of cash	(5.32):	(5.37)-
Net cash flows from (used in) overating activities	(80.83)	{83.38)
Cash flows from used in investing activitiesCashbusinessesflowsfromsubsidiariesotherlosingcontro!ofor
Cashusedin obtainingof subsidiariesflewscontro!other busiror
Othercashfrominstrumentsreceiptssalesequityor debtof otherentitiesofOther cash payments to acquire equity or debt instruments of other entities
Other cash receipts from sales of interests in joint venturesOther cash payments to acquire interests in joint ventures
(Cash receipts from share of profits of partnership firm or association of persons orlimited liability partnerships(Cash payment for investment in partnership firm or association of persons or limited

Proceeds fram sales of property, plant and equipment
Purchase of property, plant and equipmentProceeds from sales of investment property
Purchase of investment property
Proceeds from sales of intangible assets
Purchase of intangible assets
Proceeds from sates of intangible assets under developmentPurchase of intangible assets under development
Proceeds from sales of goodwillPurchase of goodwill
Proceeds from biological assets ather than bearer plants
Purchase of biological assets other than bearer plantsProceeds from government grants
Proceeds from sales of other long-ferm assets
Cash receipts from repayment of advances and toans made to other parties
Cash payments for future contracts, forward contracts, option contracts and swapcontractsCash receipts from future contracts, forward contracts, option contracts and swapcontracts
Dividends received
Interest receivedIncome taxes paid (refund)	59,83
Other inflows (outflows) of cash	(12.23)
Net cash fiows from (used in) investing activitiesCash flows from used in financing activities	47.80
Proceeds from changes in ownership interests in subsidiaries
Payments from changes in ownership interests in subsidiariesProceeds from issuing shares.
Proceeds from issuing other equity instruments
Payments fo acquire of redeem entity's shares
Payments of other equity instrumentsProceeds from exercise of stock options
Proceeds fram issuing debentures notes bonds etc
Proceeds from borrowingsRepayments of borrowings
Paymenis of finance lease liabilities
Payments of lease liabilities
Dividends paidInterest Paid
Income taxes paid (refund}
Other inflows (outflows} of cash
Net cash flows from (used in) financing activitiesNet increase (decrease) in cash and cash equivalents before effect of exchange ratechan
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalentsNet increase (decrease) in cash and cash equivalents
Cash and cash equivalents cash flow statement at beginning of periodGash andcash equivalents cash flow statement at end of period	24,23

For DCM FINANCIAL SERVICES LIMITED

ahr'

(SHANTANU DEVESHWAR) WHOLE TIME DIRECTOR DIN : 0828523

Date: 10th Nov ,2021 Place : NEW DELHI

MUKESH AGGARWAL & CO.

CHARTERED ACCOUNTANTS

102-103, IJS Palace, X-320, Delhi Gate Bazar, Asaf Ali Road, New Delhi-110002 Tel : O11-4302 8025

LIMITED REVIEW REPORT

Ox

• 1. We have reviewed the unaudited consolidated financial results of DCM Financial Services Limited having its registered office at D-7/3, (Mezzenine Floor), Okhla Industrial Area, Phase-2, New Delhi-110020° (the "Company") for the quarter and half year ended September 30, 2021, which are included in the accompanying 'Statement vf unaudited consolidated financial results for the quarter and half year ended September 30, 2021' together with the notes thereon (the "Statement"). The Statement has been prepared by the Company pursuant to Regulation 33 of the SEBI (Listing Obliyutions and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations, 2015"), which has been initialed by us for identification purposes. The Statement is the responsibility of the Company's management and has been approved by the Board of Directors. Further, the Management is also responsible to ensure that the accompanying policies used in preparation of this Statement are consistent with those used in the preparation of the Company's opening unaudited consolidated Balance Sheet as at April 1, 2016 prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (IND AS) prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies. Our responsibility is to issue a report on statement based on our review. Page 1 of 6
  • 1. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. 'This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement.
• 1. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as above subject to the notes and audit qualifications and consequential effects thereto not considered by company as referred in notes attached as per annexure 'A', nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with IND AS and other recognized

accounting practices and policies, and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement

1. The consolidated unaudited financial results includes the interim financial statements/ financial information/ financial results of one subsidiary which have not been reviewed/audited by their auditors, whose interim financial statements/ financial information/ financial results reflect total assets of Rs. 23.15 Lakhs as at September 30, 2021 and total revenue of Rs. 0.68 Lakhs and total profit after tax of Rs. 0.05 lakhs and total comprehensive profit of Rs. 0.05 lakhs for the half year ended September 30, 2021 and cash flows (net) of Rs. (0.49) Lakhs for the period from 1st April, 2021 to September 30, 2021, as considered in the consolidated unaudited financial results. According to the information and explanations given to us by the Management, these interim financial statements / financial information / financial results are not material to the Group.

Our conclusion on the Statement is not modified in respect of the above matter.

ANNEXURE 'A'

NOTES TO LIMITED REVIEW REPORT

• 1. NON PROVISION OF INTEREST ON SECURED/UNSECURED LOANS The Company has not provided the interest on the following liabilities for the quarter ended 30% September, 2021:-
  • (a) Interest on. debentures @ 10% as per offer letter on 19.5% Debentures amounting to approx. Rs. 46.42 lacs.
  • (b) Interest on bills payable and fixed deposits amounting to approx. Rs. 122.23 Tacs.
  • (c) Interest of Inter Corporate deposits amounting to approx. Rs. 0.68 lacs.

To the extent of non-provision of interests as stated above the Loss of the Company for quarter ending 30% September 2021 is understated by Rs. 169.33 lacs.

OTHER MAJOR AUDIT OBSERVATIONS AS PER THE CONSOLIDATED AUDITED FINANCIALS 31s MARCH, 2021 WHICH NEED TO BE READ WITH THIS REPORT

Justice Anil Kumar as one man committee was appointed vide order dated:- 3-4 September, 2015 by the Hon'ble High Court of Delhi to scrutinize the list of depositors and other claimants and to take steps enumerated hereinafter with the view to resolve at-least some of the disputes, The one man committee submitted its report on to Hon'ble High Court of Delhi on 22rd April, 2016. Taking cognizance of the report, Hon'ble High Court of Delhi on 10® August, 2017 accepted the recommendation of one man committee enumerated in the report. Under Scheme of One Man Committee, Interest of Rs 235 Lacs are payable to Debenture Holders and Rs 1,448 Lacs are payable to Fixed Depositors under Phase-2 of Schedule of Payments laid down by One Man Committee. Presently the said committee has waived any further payment of Interest to Fixed Depositors, Debenture-holders and other lenders, however on complete liquidation of properties and investments, if any surplus remains after payment to all stakeholder creditors, then further payment of Interest would be' decided. All stakeholders creditors which are covered under scheme has given its consent to the scheme. No provision of Rs. 1,683 Lacs as laid down under the scheme towards Interest on Debentures and Fixed Deposits, have been provided in the consolidated financial statements on the outstanding amount of Debentures and Fixed Deposits.

Had interest of Rs. 1,683 Lacs been provided for in the consolidated financial statements of year ending 31st March 2018 on outstanding amount of

=! nedvBethi Ma) Page 3 of 6

Debentures and Fixed Deposits, the Net Profit before tax would have been lowered by Rs. 1,683 Lacs and Net Profit after tax would have been lowered by Rs 1,340 Lacs as at 31st March, 2018. The cumulative net loss as well as Current / Non-Current Liabilities as at 3ist March, 2021 would have been higher by Rs 1,340 Lacs,

• (ii) For redemption of 'B' series debentures of Rs. 2014.98 Lacs debenture redemption reserve is required to be created. Debenture redemption reserve of Rs. 2014.98 Lacs has not been created due to insufficient profits.
• (iii) The value of assets charged as security in favour of banks, debenture-holders & financial institutions have been depleted over a period of time. The depletion has not yet been ascertained by the Company. To the extent of shortfall, if any, the liability is unsecured, whereas the same has been shown as secured.
• (iv) Balance confirmation of bills receivable and payable, advances recoverable in cash or in kind, receivables and payables relating to lease and hire purchase, lease security deposit of which party wise details are not available. Balance confirmation of inter-corporate deposits, balance of ex-employees, margin against L/C, loans from institutions, banks, and other receivables and payables have not been received from the parties/persons concerned. In the absence of balance confirmation the closing balances as per books of accounts have been incorporated in the final accounts and have been shown, unless otherwise stated by the management about its recoverability in the financials including considering the NPA Provisions, are good for recovery/ payment. Time barred debts under the Limitations Act have not been separately ascertained and written off or provided for. In the absence of such confirmation & corresponding reconciliation, it is not feasible for us to determine financial impact on the consolidated financials and the amount referred as payable in the financials can differ. Page 4 of 6 .

(v) Contingent liabilities and Other Commitments

v(a) During the year ended 30 September, 2011 the company's tenant had filed a claim of Rs. 10,000,000 against the company due to damages suffered by the tenant which is still pending under arbitration proceedings as on 31st March, 2021.

v(b} There is an award passed by the arbitrator against the company in the matter of MS Shoes East Limited on May 28, 2012 for Rs. 5,128,320 i.e. the claim amount, along with Rs. 30,680,848 towards interest cost for an underwriting given by the company in the year 1995 for the public issue of M/s MS Shoes East Ltd. Furthermore, an incidental cost which includes arbitration venue rent, record keeping cost, administrative cost and stamp paper charges amounting to Rs. 549,280, had b awarded to the company.

Due to dispute with the builder namely M/s NBCC Ltd. from which the company had purchased an office premises in the year 1995, regarding a claim of Rs. 28,829,634 on account of increase in super area and certain other expenditure which the builder ie. M/s NBCC Ltd. had incurred and the same is pending in arbitration. Breakup of the amount of Rs . 28,829,634 mentioned supra is as follows:

			The total financial impact comes to Rs. 36,358,448 which has beencontested by Holding Company before Hon'ble Delhi High Court.
v(c)	M/s	NBCCLtd.supra is as follows:	Due to dispute with the builder namely M/s NBCC Ltd. fromwhich the company had purchased an office premises in the year1995, regarding a claim of Rs. 28,829,634 on account of increase insuper area and certain other expenditure which the builder ie.hadincurredandthearbitration. Breakup of the amount of Rs	sameis	pendingin. 28,829,634 mentioned
		S. Description			Amount
	No.
	1.	; Difference	provisionalin superareaVs.		22,928,254/-
		area
		2. Claim of property tax3. Claim of ground rent			319,100/-
					2,167,190/-
		4, Allied charges	5. Augmentation of Electric sub station		782,210/-
		6. Loss of profit			132,880/-
		7, Arbitration cost			2,000,000/-
	TOTAL				500,000/- :28,829,634/-
Incurrent year,betweenNBCC(Respondent)	thein	awardwasLtd.(Claimant)relationtosale	given in respectofandDCMFinancialof CommercialSpace-UpperNBCC Place, Pragati Vihar, New Delhi by the Claimant to the respondent.	disputethat hasServices	arisenLimitedGroundFloor
The summary position of award is as under:
Party			AmountClaimedRs.)	(in Awarded (in Rs.)
NBCC Ltd.- Claimant			4,34,95,374/-	41,05,656/-
DCMLimitedClaimant/ Respondent	Financial-	Counter	Services 32,69,49,945 /-	78,97 ,A24/ -

	4, Allied charges		782,210/-
		5. Augmentation of Electric sub station	132,880/-
	6. Loss of profit		2,000,000/-
	7, Arbitration cost		500,000/-
	TOTAL		28,829,634/-
Incurrent year,betweenNBCC(Respondent)	theawardwasLtd.(Claimant)inrelationtosaleThe summary position of award is as under:	given in respectofandDCMFinancialof CommercialSpace-UpperNBCC Place, Pragati Vihar, New Delhi by the Claimant to the respondent.	disputethat hasarisenServicesLimitedGroundFloor
Party		AmountClaimedRs.)	(in Awarded (in Rs.)
NBCC Ltd.- Claimant		4,34,95,374/-	41,05,656/-
DCMLimitedClaimant/ Respondent	Financial-Counter	Services 32,69,49,945 /-	78,97 ,A24/ -
respective amounts.		In addition to the above, Interest @ 10% is payable by both the parties on their
		That whereas NBCC has filed objections to the award in Delhi High Court in
		December 2020 and the same appears to be lying in objections.

That DCM has also filed objection in Delhi High Court and the same has no being listed so far.

For Mukesh Aggarwal & Co. Chartered Accountants Firm Regn. No. 000393N

LN gr

(Rishi Mittal) Pariner Membership No, 521860 Place: New Delhi Dated: 10% November 2021 UW: DISDIBSDA RAR 882999 Page 6 of 6

DCM FINANCIAL SERVICES LIMITED

Statement of Consolidated Unaudited Financial Results for the Quarter and Half Year ended September 30, 20214

DCM FINANCIAL SERVICES LIMITED
		CIN £65921101L1991PLC043087
Regd. Office:- D7/3,(Meazenine Floor), Okhla Industrial Area, Phase - 2, New Delhi - 110020.
Statement of Consolidated Unaudited Financial Results for the Quarter and Half Year ended September 30, 20214
Particulars		Quarter Ended			(Rupees in Lakhs except per share data)Half Year Ended	Year Ended
	30.09.2021	30.06.2021	30.09.2020	30.09.2021	30.09.2020	31.03.2021
.Revenue from Operations	(Unaudited)	(Unaudited)	(Unaudited}	j(Unaudited)	[(Unaudited)	(Audited)
il. Other IncomeIIL Total Income (f +1	26.9226.92	43.2743,27	46.2546.25	70.1970.19	98.8698.86	203.51
						203.51
IV. Expenses.Cost of Material Consumed	:	:	:	"	:	:
Purchases of Stock-in-tradeChanges in inventories of finished goods, Work-in-progress	-	:	-	-	-	-
and stock-in-tradeEmployee Benefits Expenses	12.30	11.84	°12.04	24.14	°23.95	47.59
Finance CostsDepreciation and amortisation expenses	0.298.08	0.278.08	0.278.36	0.56	0.55	1.09
Other ExpensesTotal Expenses (IV)	12.7133.38	10.71	19.74	16.1623.42	16.7232.13	33.4594.48
V. Profit/{Loss) before exceptional items and tax (Ifl- IV}	(6.46)	30.9012.37	40.415.84	64.28)5.94	73.3525.54	173.6129.90
VIL. Exceptional items	-	7	-	-	:	+
Vit. Profiti(Loss) before tax (V-V1)IVIL. Tax Expense	(6.46)	12.37	5.84	5.91	25.51	29.90
(1) Current tax(2) Deferred tax	1.40(3.00)	1.911.89	-0.42	3.31(1.11)	-(1.24)	7.802.86
(3} Previous Year Tax(4) Mat Credit Entitlement	-	-	+	-		32.18
wikifor the period from continuing operations	(4.86)	-8.57	-5.42	*371	26.75	0.00(12.94)
xX. Profit(Loss) from discontinued operations	-	-	-		-	-
XI. Tax expense of discontinued operationsXH. Profiti(Loss) from Discontinued operations (after tax}	-		-	"	=	-
(X-XI)XIU. Profit(Loss) for the period (IX+XII)	(4.86)	-8.57,	~5.41		-
XIV. Other Comprehensive Income				3,71	26,75	(12.94),
(A) (i) Items that will not be reclassified to profit ar loss(ii) Income tax relating to items that will not be reclassified toprofit or loss	0.35.(0.06)	0.12(0,03)	0.08(0.02)	0.47{0.09}	017(0.04)	0.13(0.03)
(B) (i) Items that will be classified to profit or loss	-	-	-	-	-	-
(ii) Income tax relating to items that will be reclassified toprofit or loss				-
	(4.57)	8.66	5.47	4.09	26.68	(12.84)
	(4.96)0.10	8.76)(0.19)	5.42(0,01)	3.70(0.09)	26.78.(0.04)	(12.90);(0.04)
	0.29	0.09	0.04	0.38	0.13	0.10
	0.00	-	0.02		-	0.00
	(4.77)0,19	8.85(0.19)	5.460.01	4.080.00	26.91(0.04);	(12.80)(0.04)
					2212.51	2212.51
					(6514.52)	(6554.24)
	(0.02)(0.02)	0.040.04	0.020.02	0.020.02	0.120.12	(0.06)(0.06)
oaA					°
:is!Vt.behBeepe Fae	+-	--	~	--	--	{
XV. Total Comprehensive Income for the period (XIHI+XIV){Comprising Profit (Loss) and Other Comprehensive Incomefor the Period}XVI. Profit for the period attributable to:Owners of the CompanyNon-controlling interestsXVII. Cther Comprehensive Income attributable to:Owners of the CompanyNon-controlling interestsXVIII. Total Comprehensive Income attributable to:Owners of the CompanyNon-controlling interestsXIX, Paid up Equity Share Capital(Face Value of Rs.__ Each)XX. Other EquityXXi, Earnings per equity share {for continuing operation):(1) Basic(2) DilutedXXH. Earnings per equity share (for discontinued',- operation):(1) Basic(2) DilutedXXlil. Earnings per equity share (for discontinyed&eaecontinuing operations}(1) Basic:	(0.02)		-

Notes:

(1) The above results have been reviewed by Audit Committee and taken on record by the Board of Directors at its Meeting held on 10th , Nevember 2021. The Statutory Auditors have conducted a limited review of the above unaudited financial results,

(2) The above result results are prepared in accordance with Indian Accounting Standards ("ind AS"), the provisions of the Companies Act, 2013 ("the Act"), as applicable and guidelines issued by the Securities and Exchange Board of India ("SEBI"). The Ind AS are prescribed under Section 133 of the Act read with Rule 3 of the Companies (indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016.

(3) The IND AS compliant corresponding figures for the period as reported above have not been subjected to review. However, the Company's management has exercised necessary due diligence to ensure that such financial results provide a true and fair view of its affairs. (4) The figures for the previous period/year have been regrouped/reclassified, wherever necessary, to conform to the current period/year classification

(5) As the Company's business activity falls within a singie segment, therefore "Seqment Reporting" are not applicable.

For DCM FINANCIAL SERVICES LIMITED

(SHANTANU DEVESHWAR} WHOLE TIME DIRECTOR

DIN : 0828523

Nate: 10-11-2021 Place : NEW DELHI

DCM FINANCIAL SERVICES LTD.

Regd. Office:- D7/3,(Meazenine Floor), Okhla Industrial Area, Phase - 2, New Delhi - 110020. Statement of Unaudited Consolidated Assets and Liabilities

DCM FINANCIAL SERVICES LTD.
CIN L65921D1L1991PLC043087
Regd. Office:- D7/3,(Meazenine Floor), Okhla Industrial Area, Phase - 2, New Delhi - 110020.
Statement of Unaudited Consolidated Assets and Liabilities
		(Rupees in Lakhs)
Particulars	As at Half Year]	As at Previous Year
	Ended	Ended
	30.09.2021	31.03.2021
ASSETS	(Unaudited)	{Audited}
Non current assets
(a) Property, Plant and Equipment	4151.50
(b) Right to use asset		1165.64
(c) Capital Work in Progress	6.08	8.10
(d) Investment Property	-	-
(e) Goodwill		-
(f) Other Intangible Assets	-	-
	-	-
	-	-
(g) Intangible assets under development
(h) Biological Assets other than bearer plants		-
(i) Financials Assets-	-	"
(i) investments	0.64	0.50
(il) Trade Receivables	-	-
(ii) Loans(iv) Others	-	-
	1749.43
	371.69177.98	1753.00370,67
		175.98
	-
{i} Investments	90.80	81.12
(il) Trade receivables	-	-
(iil) Cash and cash equivalents	25.82	29.54
(iv) Bank Balance other than (iii) above	334.34	315.00
(v) Loans
(vi) Otheres (Interest aceriied but not due on Fixed Deposits)
(i) Deferred tax assets (net)(j) Other non-current assetsCurrent Assets(a) Inventories(b) Financials Assets(c) Current tax Assets	7.13	15.88
(d} Other current Assets	6.22	1.11

EQUITY AND LIABILITESEquity-
	2212,51
	(6580, 15)
(i) Borrowings	207.70
(ii) Lease Liability	2.38
(a) Equity Share Capital(b) Other Equity(ili) Trade Payable	-
(iv) Other Financtfal liablities (other than specified in
	7.20
	-	-
	-	-
	-	-
(i) Borrowings	7,777.18	7,777.13
(ii) Lease Liability	4.04	4.04
(iii) Trade Payables
(iv} Other Financial liablities	245.41	245.73
LiabliatiesNon -Current liabilites	10.87
	2.94	2212.51(6554.24)207.704.40-7.2010.921.15
{a) Financials Liablitiesitem (b) to be specified{b) Provisions(c) Deffered Tax Liabilites (net)(d) Other Non-Current LiablitiesCurrent Liablities(a) Financials Liablities(b} Other current liabilities(c) provisions(d) Current Fax LiablitriesTOTAL EQUITY AND LIABILITES	-3919.10	-3916.54

(SHANTANU DEVESHWAR) WHOLE TIME DIRECTOR DIN : 0828523

Date: 10-11-2021 Place : NEW DELHI

DCM FINANCIAL SERVICES LIMITEDUNAUDITED CONSOLIDATED CASH FLOW STATEMENT FOR THE HALF YEAR ENDED
30 SEPTEMBER, 2021		(Rupees in Lakhs)
	Six Months endedSeptember 30, 2021(01.04.2021 to	Six Months endedSeptember 30, 2020(01,04,2020 to
	30.09.2021){Unaudited}	30,09,2020){Unaudited}
ParticularsCash flow from Operating ActivitiesProfit Before Tax
Adjustments forAdjustments for finance costs		25.509.535
Adjustments for decrease (increase) in inventoriesAdjustments for decrease (increase) in trade receivables, currentAdjustments for decrease (increase) in trade receivables, non-current
Agjustments for decrease (increase) in other current assetsAdjustments for other financial assets, non-currentAdjustments for other financial assets, current		6.35)
Adjustments for other bank balancesAdjustments for increase (decrease) in trade payables, current		7.04)63,82
Adjustments for increase (decrease) in trade payables, non-currentAufustreetils for increase (decrease) In other current liabilitiesAdjustments for increase (decrease) in other non-current liabilities		(12,58)
Adjustments for depreciation and amortisation expenseAdjustments for impairment loss reversal of impairment loss recognised in profit orloss		16.72
Adjustments for provisions, current
Adjustments for provisions, non-currentAdjustments for other financial liabilities, current	1.06	1.20
Adjustments for other financial liabilities, non-currentAdjustments for unrealised foreign exchange losses gains	0.21	(32.38)
Adjustments for dividend incomeAdjustments for interest incomeAdjustments for share-based payments	(0.60)(60,36)	(0.00)(89.50)
Aajustments for fair value losses (gains)Adjustments tor undistributed profits of assaciates	10.85)	(9.36)
Other adjusiments for which cash effects are investing of financing cash flowUther adjustments to reconcile profit (loss)Other adjustments for non-cash items	(1.93)	0.417
Share of profit and loss from partnership firm or association of persons or limitedliability partnershipsTotal adjustments for reconcile profit {loss)	(64 a	RES
Net cash flows from (used in) operationsDividends receivedinterest paid	(88.76)	(100,11)
Interest receivedIncome taxes paid (refund)	(5.32)	(5.37)
Other inflows (outflows) of cashNet cash flows from (used in) operating activitiesCash flows from used in investing activities	(64.08)	(405.48)
Cash flows from losing control of subsidiaries or other businCash flows used in obtaining control of subsidiaries or other businessesOther cash receipts from sales of equity or debt instruments of other entities
Other cash payments to acquire equity or debt instruments of other entitiesOther cash receipts from sales of interests in joint ventures
Other cash payments to acquire interests in joint venturesCash receipts from share of profits of partnership firm or association of persons orlimited liability partnerships
Cash payment for investment in partnership firm or association of persons or limitedliability partnershipsProceeds from sales of property, plant and equipment
Purchase of property, plant and equipmentProceeds from sales of investment propertyPurchase of investment property
Proceeds fram sales of intangible assetsPurchase of intangible assetsProceeds from sales of intangible assets under development

of
other than bearer
Purchase ofhearer
Proceeds from
Proceeds from sales of other
of advances andCashfrom
torwardcontracts andfor future
forward contractscontracts and
Dividends received
Interest received
taxes
Other inflows
Net cash flows from (used
Cashfrom used in
fromin
ftomin
Proceeds fromshares
Proceeds from
or redeemto
otherinstruments
bonds etc
from
of
ofliabilities
of lease
taxes
of cashinflows
from (used in) financingactivities
cash equivalents before effect of exchange rateincrease (decrease
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Net increase (decrease) in cash and cashequivalents
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Cash and cashcash flow statement at end of

Tor DCM FINANCIAL SERVICES LIMITED

, /\ / fe >be : (SHANTANU DEVESHWAR)

WHOLE TIME DIRECTOR DIN : 6828523

Date: 10-11-2021 Place; NEW DELHI