August 13, 2021

BSE Limited Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001

National Stock Exchange of India Ltd. Exchange Plaza, Plot no. Cjl, G Block, Bandra-Kurla Complex, Bandra (E),Mumbai - 400 051

Scrip Code: 502820jDCM

Subject: Outcome of Board Meeting dated August 13, 2021.

Dear Sir,

This is to inform you that the Board of Directors of the Company at its meeting held today at Delhi through Video Conferencing have:

1. Approved and taken on record the Unaudited Financial Results (Standalone and Consolidated) of the Company for the 1st quarter ended June 30, 2021.Accordingly pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, please find enclosed herewith as Annexure I :-
- 1. Unaudited Financial Results (Standalone & Consolidated) for the 1st quarter ended June 30, 2021;
- ii. Limited Review Reports on the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2021.
1. Considered and took on record notice(s) received from ICICI Bank Limited ('ICICI Bank') and HDFC Bank Limited ('HDFC Bank') under Section 13(2) of The ~ Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESIAct). The company isin process to reply these notices received from banks and taking necessary steps in this regard. :

Further, the State Bank of India (SBI)has already issued notice dated July 20, 2020 under the SARFAESI Act. However, the Company has objected the legal validity of aforesaid notice of SBI on many grounds and filed a 'Writ Petition' before the Hon'ble High Court of Punjab & Haryana to seek direction for the withdrawal of said notice issued by SBI.The Hon'ble High Court of Punjab & Haryana has passed an order on 22.12.2020 to maintain the 'Status Quo' of notice issued by SBIuj s 13 (2) of SARFAESI Act remained continue.

. E-mail id:[email protected] Registered Office : Unit Nos. 2050 to 2052, 2nd Floor, Plaza II, Central Square, 20, Manohar Lal Khurana. Marg, Bara Hindu Rao, Delhi - 110006. Phone: (Q11) 41539170 CIN: L74899DL1889PLC000004 Website: www.dcm.in Email id:[email protected]

1. Decided to take up real estate business in the below mentioned wholly owned subsidiaries and to transfer/vest the Company's investment of 1,78,53,605equity shares representing 16.56%share capital of Purearth Infrastructure Limited, a joint venture company into these subsidiaries at book value to facilitate them to mobilize resources for their business operation and/ or to provide required liquidity to the holding company.
- i. DCM Landmark Estate Limited (formerly known as DCM Textiles Limited);
- ii. DCM Infinity Realtors Limited (formerly known as DCM Data Systems Limited);
- iii. DCM Realty and Infrastructure Limited.

The above is for your information and records.

Thanking You, Yours truly, For DCM Limited

)1?- Sanjeev Kumar

Company Secretary & Compliance officer ACS 32723

SS KOTHARI MEHTA & COMPANY CHARTERED ACCOUNTANTS

Independent Auditors' Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors, DCM Limited New Delhi

1. We have reviewed the accompanying statement of unaudited standalone financial results of DCM Limited (the Company) for the quarter ended June 30, 2021 (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 as amended, (the "Listing Regulations")
1. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
1. We conducted our review in of the statement 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. A review of interim financial information consists primarily of making inquiries of company personnel 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.
1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement prepared in all material respects in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (Ind-AS) specified under section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Listing Regulation, including the manner in which it is to be disclosed, or that it contains any material misstatement.

5. Emphasofmatte

Without qualifying our conclusion, we draw attention to the following:

a. Note 3 of the Statement, during the previous year in view of continued situation of industrial unrest Company has declared lockout at its engineering business undertaking. On the basis of legal advice Management of the Company is of the view that the present lockout is legal and justified. Therefore, the Company has not made any provision for wages pertaining to the lockout period October 22, 2019 to June 30, 2021 aggregating to Rs. 3154 lakhs (current quarter is Rs. 433 lakhs).

Plot No. 68. Okhla Industrial Area, Phase-lit, New Delhi-110020 Ter: +91-11-46708888 E-mail: [email protected] _w.••kmln.com

''- --"-'"

55 KOTHARI MEHTA & COMPANY CHARTERED ACCOUNTANTS

b. Note 8 to the Statements, the Company has received certain recovery notices from creditors and bankers. Pursuant to the restructuring scheme approved by the Board of the Company the settlement of all such creditors and bank has already been provided for in this Scheme. In addition, the Company is taking other interim measures as explained in the said Note 8 to improve liquidity including proposed Right Issue of equity shares, management action is also explained in the said note.
c. Note no. 7 to the statement, which describes the possible effect of uncertainties and the impact of Covid-19 pandemic on Company's operations and results as assessed by the management.

6. Material Uncertainty on Going Concern

We draw attention to Note: 5 of the Statement highlighting that due to recession in automotive sector and industrial unrest the Company is facing liquidity issues towards clearing of its statutory dues, vendor payments and borrowings pertaining to its Engineering Division. This has significantly eroded the Company's net worth and the current liabilities exceed the current assets by Rs. 6276 lakhs as at June 30, 2021. The Company has initiated restructuring of its Engineering Division as explained in the Note: 4. The management of Company believes that with the restructuring of its Engineering Business Undertaking along with the debt pertaining to said undertaking and infusing liquidity by focusing /managing of its remaining business undertaking/real estate operation, the Company will be able to continue its operation on a going concern basis. Accordingly, the statement of the Company has been prepared on a going concern basis. Our conclusion is not modified in respect of this matter.

For S. S. Kothari Mehta & Company Chartered Accountants Firm Registration No: 000756N

SUNIL ~::=~bY ON: eN = SUNIL WAHAltt1:~IC"NO' Oafe· 2021081313

Sunil Wahal Partner Membership No.: 087294

Place: New Delhi Dated: August 13, 2021 UDIN : 21087294AAAAJ08941

26 13 .05'30'

DCM LIMITED

Regd. Office: 2050·2052, 2nd Floor, Plaza-II, Central Square, 20, Manohar lala Khurana Marg, Sara Hindu Rao, New Delhi -110006 E-mail: [email protected] Phone: 011-41539170 CIN: l74899Dl1889PlC000004

STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2021

	n.u IC' III IeU\11
	S. No. Particulars		For the vear ended
		June 30 2021	March 31 2021	June 30 2020	March 31 2021
		Unaudited	Audited	Unaudited	Audited
			(Refer Note 11

1	Revenue
	(a) Revenue from operations	7	24	(28)	50
	Ib Other income Irefer Note 6)Total income	12911,298	375399	18(10)	481
					531
2	Expenses
	(a) Cost of materials consumed		(29)	(2)	(28)
	(b) Changes in inventories of finished goods and work in progress		29	(2)
	(c) Employee benefits expense	43	144	110	25402
	(d) Finance costs	188	224	200	857
	(e) Depreciation and amortization expense	203	213	216	857
	(f) Other expenses	54	134	64	415

	Total exnsnses	488	715	586	2528

3	Profit/(loss)before tax	810	(316)	(596)	(1,997)

4	Tax expense
	Current tax		-	-	-
	Tax adjustment relating to prior periods			-	-
	Deferred tax expense			-
	Total tax expense
5	Profit/Iloss)for the oerlodr vear	810	(316)	1596	1997

6	Other comprehensiveincome
	(a) Items that will not be reclassified to profit or loss
	Re-measurement(losses)! gains of defined benefit obligations (net of	16	91	-	64
	tax)

	(b) Items that will be reclassified to profit or loss
	Exchange difference in translating financial statements of foreign			-
	operations (net of tax)

7	Total comprehensiveIncomellExDense)for the nerlod/ vear	826	1225	(596	11,933)
8	Paid up equity share capital (Face value Rs. 10 per share)	1.868	1.868	1,868	1.868

9	Other equity				(2.380)

10	Earnings!(loss) per equity share (EPS) of Rs. 10 each
	(not annualised)
	Basic and diluted	4.34	11.69	13.19	110.69)

oeM LIMITED

Notes:

1, Standalone segment wise information for the quarter ended June 30, 2021

	(Rupees in lakhl
	S,No, Particulars		For the year ended
		June 30, 2021March 31, 2021		June 30, 2020	March 31, 2021
		Unaudited	Audited	Unaudited	Audited
			(Refer Note 11)

1	Segmentrevenue
	a) Real Estate
	b) Grey Iron Casting	7	24	(28)	50
	Total	7	24	(28)	50
	Less:Inter seamentrevenues
	Net revenue from aoerations	7	24	28	50

2	Segment results (ProfiU(Loss) before interest and
	tax from ordinary activities)
	a) Real Estate	839
	b) Grey Iron Casting	210	(407)	(357)	(1,338)

	Total	1,049	(407)	(357)	(1,338)
	Less: I) Financecosts	188	224	200	857
	: II) Un-allocableexpenditure net of
	un-allocable income	52	(315)	39	(198)

	ProfiU Loss before tax	810	316	596	(1997
3	Segment assets
	a) Real Estate	328	1,500	12	1,500
	b) Grey Iron Casting	6,029	6,216	7,118	6,216

	Total segment assets	6,357	7,716	7,130	7,716
	Others un-allocated	5,320	5,394	5,619	5,394
	Total assets	11676	13110	12749	13110

4	Segment liabilities
	a) Real Estate	1,546	1,500	23	1,500
	b) Grey Iron Casting	5,688	8,101	7,986	8,101

	Total segment liabilities	7,234	9,601	8,009	9,601
	Others un-allocated (excludinq borrowinqs)	956	903	955	903
	Total liabilities	8190	10504	8964	10504

1. This Statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015, as amended (Ind AS), prescribed under Section 133 of the Companies Act, 2013, and other recognized accounting practices and policies to the extent applicable.
1. In view of continued situation of industrial unrest at Engineering Business Division of the Company, situated at Village Asron, District Shaheed Bhagat Singh Nagar (Punjab), the management of the Division has recommended to declare a lockout. The Board of Directors of the Company in their meeting held on October 21, 2019 has accordingly approved the declaration of lockout at its said Engineering Business Undertaking w.e.f. October 22,2019.

The said lockout was opposed by the workmen of said Engineering Division before the Labour Authorities. Based on the legal advice received by the Company, the management is of the view that the present lockout is legal and justified. Therefore, the Company has not made any provision for wages pertaining to the lockout period October 22, 2019 to June 30, 2021 aggregating to Rs. 3154 lakh out of which Rs. 433 lakh pertains to quarter ended on June 30, 2021.

Board of Directors of the Company in its meeting held on November 28, 2019 have approved a composite scheme of arrangement for transfer of its "Engineering Business undertaking "to its wholly owned subsidiary namely DCM Engineering Limited (formerly known as DCM Tools and Dies Limited), on a going concern basis with effect from the appointed date of October 01, 2019 and restructuring of outstanding loans, debts and liabilities of the Engineering Business Undertaking. The above Scheme was filed with the Stock Exchanges viz. Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) for seeking their no-objection. The Company has received observation letter dated June 24, 2020 from BSE Limited and National Stock Exchange Limited (Stock Exchanges) enabling the Company to file the Scheme with Hon'ble National Company Law Tribunal (NCLT) for seeking their approval. The filing of Scheme remains pending awaiting in principle approval of secured lenders (Banks). The said approval of the Stock Exchanges was valid till December 23,2020. Pursuant to above, the Company has filed the application(s) to the Stock Exchanges on December 22,2020 and June 28,2021 for seeking their approval for extension of time for enabling the Company to file the scheme before NCLT for seeking their approval under Section 230 - 232 ofthe Companies Act, 2013 with due compliance. The Company has been in discussion with the secured lenders at all level in this regard.

Since, the aforesaid Scheme is subject to approval from concerned regulatory authorities which is considered to be substantive, the accounting effect of the above Scheme has not been considered in these standalone financial results.

Due to continued situation of industrial unrest, the Company is currently facing liquidity issues towards clearing of statutory dues, vendor payments and repayment of borrowings pertaining to its Engineering Division. This has significantly reduced the Company's net worth and the current liabilities exceed the current assets by Rs.6276 lakhs as at June 30, 2021. The Company is taking requisite steps to improve the liquidity and manage the existing situation.

The Scheme of Arrangement mentioned in note 4 above has been made with a view to restore profitability and revive the said Engineering Business Undertaking (Undertaking) by facilitating strategic investment and further sale of surplus piece of land and restructuring of outstanding loans, debts and liabilities pertaining to the Engineering Business to revive the said undertaking and infuse sufficient liquidity.

The management believes that with the above restructuring of Engineering Business Undertaking along with the debt pertaining to said Undertaking and infusing liquidity by focusing /managing of its remaining business undertaking/real estate operation as well as other interim measures to improve liquidity including proposed Right Issue approved by the Board in its meeting held on February 12, 2021, the Company will be able to continue its operation on a going concern basis.

Accordingly, the financial results of the Company have been prepared on a going concern basis.

Other income during the quarter ended June 30, 2021 includes profit from sale of rights in residential flats ofRs. 853 and Liabilities / Provision no longer required written back ofRs.451 and Rs.340 during the quarter ended June 30, 2021 and March 31, 2021 respectively.

7. Covid-19 Pandemic and Its Impact

The Covid-19 impact remains a serious concern for governments and businesses. The Company has implemented Standard Operating Procedures of social distancing, workplace sanitization and employee health monitoring, and these are being followed strictly.

The Management has been closely reviewing the impact of COVID- 19 on the Company. Due to continuation of lockout of Engineering Business Unit (Engineering Business Undertaking), declared on October 22,2019, the operation of the said Business Unit remained suspended during the lock down period on account of COVID- 19. Based on current indicators of future economic conditions, the Company has concluded that although due to Covid 19 the Company's initiatives of restructuring of Engineering Business Undertaking and infusing liquidity by focusing /managing of its real estate operation are taking time, however, the impact of COVID 19 is not material on long term basis on the future potential of its said Engineering Business Unit and Real Estate operation. Due to the nature of the pandemic, the Company will continue to monitor any material changes on the future economic conditions and relating to its Businesses in future periods.

The Company has received certain recovery notices/petitions from the creditors and their bankers. A Bank has filed a suit for recovery and served demand notice u/s 13(2) under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARF AESI) which has been stayed by the Hon'ble High court of Punjab & Haryana. Subsequent to the current quarter, other two bankers have also served notice u/s 13 SARF AESI Act. The Company is in process to reply these notices received from the Banks and taking necessary steps in this regard.

Pursuant to the restructuring scheme approved by the Board of the Company, the settlement of all such creditors and bank has already been provided for in the said Scheme (refer note 4 above). In addition to the said Restructuring Scheme, the Company is also taking other interim measures to improve liquidity including proposed Right Issue of equity shares approved by the Board in its meeting held on February 12,2021, to augment capital and expedite to complete the de-leveraging of the Company.

The Company has reviewed the deferred tax asset/deferred tax liabilities on deductible/taxable temporary differences between tax base of asset and liabilities and their carrying amount for financial reporting purposes at each reporting date. However, due to continue situation of uncertainty of sufficient taxable profit to recover the accumulated losses and unused tax credits taxable profits in future years, deferred tax asset have not been considered in the financial results.

1. The banking operation of current account(s) maintained by the Company has been discontinued by the Bankers in view of notification of RBI restricting opening/operation of current account by customers who have availed Cash Credit / Overdraft facilities. The Company has been taking necessary steps to facilitate day to day banking transaction
1. The figures for the previous periods have been regrouped / rearranged wherever necessary. The figures of last quarters are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the relevant financial years.
1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on August 13, 2021 through video conferencing. The limited review report of the statutory auditors is being filed with the BSE Ltd and National Stock Exchange ofIndia Ltd. For more details on the standalone results, visit Company's website www.dcm.in and Financial Results under Corporates section ofwww.nseindia.com and www.bseindia.com.

S U N IL Digit"!"y signed by: SU~ILWAHAL ~:FN = SUNIL WAHALtWAfAL C = IN0 = Jt Pefsonal Date: 2021.08.13 13:41:50 +05'30'

For and on behalf of the Board of Directors

JITENDRA TULI

JITENDRA TULI Date: 2021.08.13 13:33:17+05'30' Jitendra Tuli Managing Director DIN: 00272930

Digitally signed by

Place: New Delhi Date: August 13, 2021

S S KOTHARI MEHTA -&COMPANY CHARTERED ACCOUNTANTS

Independent Auditors' Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors DCM Limited New Delhi

i. We have reviewed the accompanying statement of unaudited consolidated financial results of DCM Limited (the 'Holding Company' or 'Company'), its subsidiaries (the Holding and its Subsidiaries together referred as 'the Group') and its joint venture (including its subsidiary companies together referred to as "Jointly controlled entities") for the quarter ended June 30, 2021, along with notes (the 'Statement'), attached herewith being submitted by the Group pursuant to the requirements of Regulation 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (the "Listing Regulations").

ii. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS34")' prescribed under Section 133 of the Companies Act, 2013 (the Act), read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

iii. 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.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, as amended, to the extent applicable.

Plot.No. 68, Okhla Industrial Area, Phase-Ilt, New Delhi-l1 0020 Tel: +91-11-46708888 E·maJI: [email protected] www••• km.ln.c:om

SS KOTHARI MEHTA _._--& COMPANY CHARTERED ACCOUNTANTS

lv, The Statement includes results of the following entities:

a. Subsidiaries

1 OCM Landmark Estates Limited (formerly known as OCMTextiles Limited)
2 OCM Infinity Realtors Limited (formerly known as OCM Data Systems Limited)
3 OCM Infotech Limited (formerly known as OCM Reality Investment & Consulting Limited)
4 OCM Finance and Leasing Limited
5 OCM Engineering Limited (formerly known as OCM Tools and Oies Limited)
6 OCM Realty and Infrastructure Limited
7 OCM Engineering Products Educational Society

b. Jointly controlled entity and its subsidiaries

1. Purearth Infrastructure Limited, jointly controlled entity
1. Kalptru Reality Private Limited, subsidiary of Purearth Infrastructure Limited
1. Kamayani Facility Management Private Limited, subsidiary of Purearth Infrastructure Limited
1. Vighanharta Estates Private Limited, subsidiary of Purearth Infrastructure Limited
v, Based on our review conducted and procedure performed as per para 3 above and upon considerations of reports of other auditors read with para 8 below and management certified financial information, nothing further 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 the applicable Indian Accounting Standards i.e. 'Ind AS' prescribed under Section 133 of the Act, read with relevant Rules issued thereunder and other recognized accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulation including the manner in which it is to be disclosed, or that it contains any material misstatement.

vi. Emphasis of Matter

Without qualifying our conclusion, we draw attention to the following:

a) Note 3 of the Statement, during the previous year in view of continued situation of industrial unrest, Holding Company has declared lockout at its engineering business undertaking. On the basis of legal advice, Management of the Holding Company is of the view that the present lockout is legal and justified. Therefore, the Holding Company has not made any provision for wages pertaining to the lockout period October 22, 2019 to June 30,2021 aggregating to Rs.3154 lakhs (current quarter is Rs.433 lakhs).

S S KOTHARI MEHTA --.-~ & COMPANY

CHARTERED ACCOUNTANTS

b) Note 9 to the Statements, the Holding Company has received certain recovery notices from creditors and bankers. Pursuant to the restructuring scheme approved by the Board of the Company the settlement of all such creditors and bank has already been provided for in this Scheme. In addition, the Holding Company is taking other interim measures as explained in the said Note 9 to improve liquidity including proposed Right Issue of equity shares, management action is also explained in the said note.
c) Note 8 to the Statements, which describes the uncertainties and the impact of Covid-19 pandemic on the Group's and it's jointly controlled entity (including its subsidiary companies) operations and results as assessedby the management.

Material Uncertainty on Going Concern

vii. We draw attention to Note: 5 of the Statement highlighting that due to recession in automotive sector and industrial unrest the Group is facing liquidity issues towards clearing of its statutory dues, vendor payments and borrowings pertaining to its Engineering Division. This has significantly eroded the Group's net worth and the current liabilities exceed the current assets by Rs. 4842 lakh as at June 30, 2021. The Company has initiated restructuring of its Engineering Division as explained in note 4. The management of Holding Company believes that with the restructuring of its Engineering Business Undertaking along with the debt pertaining to said undertaking and infusing liquidity by focusing /managing of its remaining business undertaking/real estate operation, the Group will be able to continue its operation on a going concern basis. Accordingly, the statement of the Group and Jointly controlled entity (including its subsidiary companies) have been prepared on a going concern basis. Our Conclusion is not modified in respect of this matter.

viii. Other Matters

a) We did not review the unaudited quarterly financial results of 5 subsidiaries (including step down subsidiaries) whose unaudited financial results reflect total revenue of Rs. Nil, total loss after tax of Rs.0 lakh and total Comprehensive loss of Rs.0 lakh for the quarter ended June 30,2021, as considered in this Statement. An independent auditor's review report on interim financial result of these subsidiaries has been furnished to us by the management and our conclusion on the statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above.
b) We did not review the unaudited consolidated financial results of 1 subsidiary, whose financial results reflect total revenue of Rs. Nil, total loss after tax of Rs. 0 lakh and total Comprehensive loss of Rs. 0 lakh for the quarter ended June 30, 2021, as considered in this Statement. Our report, to the extent it concerns this subsidiary on the unaudited quarterly consolidated financial results is based solely on the management certified results. This subsidiary is not material to the Group.

S S KOTHARI MEHTA & COMPANY CHARTERED ACCOUNTANTS

c) We did not review the unaudited consolidated financial results of one Joint venture entity, wherein Group's, share of profit including other comprehensive profit of Rs. 96 lakh for the quarter ended June 30, 2021. An independent auditor's review report on interim financial result of this joint venture has been furnished to us by the management and our conclusion on the statement, in so far as it relates to the amounts and disclosures in respect of this joint venture is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above.
d) We did not review the unaudited consolidated financial results of 3 subsidiaries of the jointly controlled entity, wherein Group's, share of profit including other comprehensive loss of Rs.1 lakh for the quarter ended June 30, 2021, as considered in the statements. Our report, to the extent it concerns these entities on the unaudited quarterly consolidated financial results is based solely on the management certified results. These 3 subsidiaries of the jointly controlled entity are not material to the Group.

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

For S. S. Kothari Mehta & Company Chartered Accountants Firm Registration No: 000756N

S U N IL Digita)iY signed by: SUNIL WAHAL oN': CN = SUNIL WAHA1 /""tfALC=INO= I::.,Pelsonal Dale: 2021.08.13 13: ·28:13 +05'30' Sunil Wahal Partner Membership No: 087294

Place: New Delhi Dated: August 13, 2021 UDIN : 21087294AAAAJP6148 DCM LIMITED Regd. Office: 2050·2052, 2nd Floor, Plaza-lt, Central Square, 20, Manohar Lala Khurana Marg, Bara Hindu Rao, New Delhi ·110006 E·mail: [email protected] Phone: 011-41539170 CIN: L74899DL1889PLC000004

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2021

S. No.	Particulars	For the auarter ended			For the vear ended
		June 30, 2021	March 31, 2021	June 30, 2020	March 31, 2021
		Unaudited	Audited	Unaudited	Audited
			(Refer Note 12)

1	Revenue
	(a) Revenue from operations	1.589	1,381	1,118	4.740
	(b\ Other income (refer Note 6\	1323	386	25	438
	Total Income	2,912	1,767	1,143	5,178

2	Expenses
	(a) Cost of materials consumed		(29)	(2)	(28)
	(b) Cost of rights in flats
	(c) Changes in inventories of finished goods and work in progress		29	(2)	25
	(d) Employee benefits expense	943	1.020	811	3,471
	(e) Finance costs	191216	228	204	873
(I)	Depredationand amortization expense	519	228510	237390	924
	(g) Other expenses				1,563
	Total exoenses	1869	1986	1638	6828

3	before tax and share of Profitl(Loss)ProfitJ(Loss)of equity accountedinvestee	1,043	(219)	(495)	(1,650)
4	Share of ProflU(Loss)of equity accountedInvestee	96	233	(109)	(91)

5	ProfiU(Loss)before tax	1,139	14	(604)	(1,741)

6	Tax expense
	Current lax	56	33	21	109
	Tax adjustmenl relaling 10 prior periodsDeferred tax exoense	(3	(13)(39		(13)(53
	Total tax expense	52	(19)	526	43

7	ProfiU Loss for the Deriod/vear	1087	33	630	1784
	,
8	Other comprehensiveincome
	(a) Items that will not be redassifiedto profit or loss
	Re-measurement(Iosses)/ gains of defined benefit obligations (net of tax)	16	98		72

	(b) Items that will be reclassified to profit or lossExchange difference in translating financial statements of foreign operations (net of tax)		12

9	Total comorenenslveIncomel Exoensefor the PeriodfYear	1103	143	630	1712

10	Paid up equity share capital (Face value Rs 10 per shares)	1,868	1.868	1,868	1,868
11	Other equity				(3,774)

12	Earnings!(loss) per equity share (EPS) of Rs. 10 each
	(not annualised)
	Basic and diluted	5.81	0.18	(3.37	(9.55

DCM LIMITED

Notes:

Consolidated segment wise information for the quarter ended June 30, 2021

					••••••••••••••••••••• _ ••••n ••
S.No.	Particulars	For the auarterendedFor the year ended
		June 30 2021	March 31 2021	June 30 2020	March 31 2021
		Unaudited	Audited	Unaudited	Audited
			(Refer Note 12)

1	Segmentrevenue
	a) IT Services	1.582	1.357	1,146	4,690
	b) Real Estate		-	-
	c) Grey Iran Casting	7	24	(28)	50
	d) Others	-	-	-	-

	Total	1,589	1,381-	1,118	4,740
	Less:Inter seamentrevenues			-	-
	Net revenuefrom oneratlons	1589	1 381	1 118	4740
2	Segmentresults(ProfiU(loss)before tax and
	interestfrom ordinaryactivities)
	a) IT Services	204	97	100	396
	b) Real Estate	852			-
	c) Grey Iran Casting	210	(407)	(357)	(1,338)
			(7)
	d) Others			(1)	(11)
	Total	1,267	(317)	(258)	(953)
	Less'I) Finance costs	191	227	204	873
	: II) Un-allocableexpenditurenet of
	Un-allocableincome	33	(326)	33	(176)

	Share of Profit 1(loss) of equityaccounted	96	232	(109)	(91)
	investee
		1 139	14	1604\	(17411
	ProfiU(loss)before tax
3	Segmentassets
	a) IT Services	2.522	2,257	1.905	2,257
	b) Real Estate	240	1.500	12	1,500
	c) Grey Iron Casting	6.029	6.216	7,118	6,216
	d) Others	21	21	44	21

	Total segmentassets	8,811	9,994	9,079	9,994
	Others un-allocated	2.701	2.577	2,764	2,577
	Total assets	11 513	12571	11843	12571
	Segmentliabilities
4		994	896	776
	a) IT Services				896
	b) Real Estate	1.546	1.500	23	1,500
	c) Grey Iron Casting	5.688	8,101	7,986	8,101
	d) Others	9	9	4	9
	Total segmentliabilities	8,237	10,506	8,789	10,506
	Others un-allocated(excludinaborrowinasl	906	854	905	854
	Total liabilities	9144	11 360	9694	11 360

1. This Statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015, as amended (lnd AS), prescribed under Section 133 of the Companies Act, 2013, and other recognised accounting practices and policies to the extent applicable.
1. In view of continued situation of industrial unrest at Engineering Business Division of the Holding Company, situated at Village Asron, District Shaheed Bhagat Singh Nagar (Punjab), the management of the Division has recommended to declare a lockout. The Board of Directors of the Company in their meeting held on October 21, 2019 has accordingly approved the declaration of lockout at its said Engineering Business Undertaking w.e.f. October 22,2019.

The said lockout was opposed by the workmen of said Engineering Division before the Labour Authorities. Based on the legal advice received by the Company, the management is of the view that the present lockout is legal and justified. Therefore, the Company has not made any provision for wages pertaining to the lockout period October 22, 2019 to June 30, 2021 aggregating to Rs. 3154 lakhs out of which Rs. 433 lakhs pertains to quarter ended on June 30,2021.

Board of Directors of the Company in its meeting held on November 28, 2019 have approved a composite scheme of arrangement for transfer of its "Engineering Business undertaking "to its wholly owned subsidiary namely DCM Engineering Limited (formerly known as DCM Tools and Dies Limited), on a going concern basis with effect from the appointed date of October 01,2019 and restructuring of outstanding loans, debts and liabilities of the Engineering Business Undertaking. The above Scheme was filed with the Stock Exchanges viz. Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) for seeking their no-objection. The Company has received observation letter dated June 24, 2020 from BSE Limited and National Stock Exchange Limited (Stock Exchanges) enabling the Company to file the Scheme with Hon'ble National Company Law Tribunal (NCL T) for seeking their approval. The filing of Scheme remain pending awaiting in principle approval of secured lenders (Banks). The said approval ofthe Stock Exchanges was valid till December 23, 2020. Pursuant to above, the Company has filed the application(s) to the Stock Exchanges on Decem ber 22, 2020 and June 28, 2021 for seeking their approval for extension of time for enabling the Company to file the scheme before NCLT for seeking their approval under Section 230 - 232 of the Companies Act, 2013 with due compliance. The Company has been in discussion with the secured lenders at all levels in this regard.

Due to continued situation of industrial unrest, the Group is currently facing liquidity issues towards clearing of statutory dues, vendor payments and repayment of borrowings pertaining to its Engineering Division. This has significantly reduced the Group's net worth and the current liabilities exceed the current assets by Rs. 4842 lakh as at June 30, 2021. The Group is taking requisite steps to improve the liquidity and manage the existing situation.

The Scheme of Arrangement mentioned in note 4 has been made with a view to restore profitability and revive the said Engineering Business Undertaking (Undertaking) by facilitating strategic investment and further sale of surplus piece of land and restructuring of outstanding loans, debts and liabilities pertaining to the Engineering Business to revive the said undertaking and infuse sufficient liquidity.

The management believes that with the above restructuring of Engineering Business Undertaking along with the debt pertaining to said Undertaking and infusing liquidity by focusing /managing of its remaining business undertaking/real estate operation as well as other interim measures to improve liquidity including proposed Right Issue approved by the Board in its meeting held on February 12,2021, the Group will be able to continue its operation on a going concern basis.

Accordingly, the financial results of the Group have been prepared on a going concern basis.

1. Other income during the quarter ended June 30, 2021 includes profit from sale of rights in residential flats of Rs. 853 and Liabilities / Provision no longer required written back of Rs. 451 and Rs.340 for the quarter ended June 30, 2021 and March 31, 2021 respectively.
1. The unaudited standalone financial results are available on the Holding Company's website www.dcm.in. The particulars in respect of Holding Company's standalone results are as under:

(Rs. in lakh)

Particulars	Quarterended			Yearended
	June30,2021	March31,2021	June30,2020	March31,2021
Revenuefromoperations	7	24	(28)	50
Profit/(Ioss)fortheperiodfromcontinuingoperations	810	(316)	(596)	(1,998)
Netprofit/(Ioss)	810	(316)	(596)	(1,998)
Totalcomprehensiveincome/(Expense)	826	(225)	(596)	(1,934)
Profitbeforeinterest,depreciationandtax(PBIDT)	1,201	121	(180)	(284)
Cashprofit/(loss)	1,013	(103)	(380)	(1,141)

The unaudited consolidated financial results for the quarter ended June 30, 2021, unaudited consolidated results for the quarter ended June 30, 2020, and audited consolidated financial results for the quarter and year ended March 31, 2021 have been prepared by the Group in accordance with the requirements of Ind AS 110 "Consolidated Financial Statements", Ind AS III "Joint Arrangements" and Ind AS 28 "Investments in Associates and Joint Ventures", as specified under Section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015 and on the basis of the separate audited financial results of the Parent Company, its subsidiaries, its trust and jointly controlled entity and subsidiaries of the jointly controlled entity.

The audited financial results of 6 subsidiaries namely OCM Infotech Limited (Formerly known as OCM Realty Investment & Consulting Limited), OCM Infinity Realtors Limited (Formerly known as OCM Data Systems Limited), OCM Finance & Leasing Limited, OCM Landmark Estates Limited (Formerly known as OCM Textiles Limited), OCM Engineering Limited (Formerly known as OCM Tools & Dies Limited), and OCM Realty and Infrastructure Limited and DCM Engineering Products Education Society (a trust treated as subsidiary for consolidation purpose) have been consolidated. Financial statements of 6 out of above 7 have been audited by their respective statutory auditors.

8. COVID-19 PANDEMIC AND ITS IMPACT

The Covid-19 impact remains a serious concern for governments and businesses. The Group has implemented Standard Operating Procedures of social distancing, workplace sanitization and employee health monitoring, and these are being followed strictly.

The Management has been closely reviewing the impact of COVID- 19 on the Group. Due to continuation of lockout of Engineering Business Unit (Engineering Business Undertaking), declared on October 22, 2019, the operation of the said Business Unit remained suspended during the lock down period on account ofCOVIO- 19. Based on current indicators of future economic conditions, the Group has concluded that although due to COVIO 19 the Group's initiatives of restructuring of Engineering Business Undertaking and infusing liquidity by focusing /managing of its real estate operation are taking time, however, the impact of COVIO 19 is not material on long term basis on the future potential of its said Engineering Business Unit and Real Estate operation. Due to the nature of the pandemic, the Group will continue to monitor any material changes on the future economic conditions and relating to its Businesses in future periods

The Holding Company has received certain recovery notices/petitions from the creditors and their Bankers. A Bank has filed a suit for recovery and served demand notice u/s 13(2) under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 which has been stayed by the Hon'ble High court of Punjab & Haryana. Subsequent to the current quarter, other two bankers have also served notice u/s 13 SARF AESI Act. The Holding Company is in process to reply these notices received from the Banks and taking necessary steps in this regard.

Pursuant to the restructuring scheme approved by the Board of the Company, the settlement of all such creditors and bank has already been provided for in the said Scheme (refer note 4 above). In addition to the said Restructuring Scheme, the Company is also taking other interim measures to improve liquidity including proposed Right Issue of equity shares approved by the Board in its meeting held on February 12, 2021, to augment capital and expedite to complete the de-leveraging the Company.

The Holding Company has reviewed the deferred tax asset/deferred tax liabilities on deductible/taxable temporary differences between tax base of asset and liabilities and their carrying amount for financial reporting purposes at each reporting date. However, due to continue situation of uncertainty of sufficient taxable profit to recover the accumulated losses and unused tax credits taxable profits in future years, deferred tax asset have not been considered in these financial results.

1. The banking operation of current account(s) maintained by the holding Company has been discontinued by the Bankers in view of notification of RBI restricting opening/operation of current account by customers who have availed Cash Credit / Overdraft facilities. The Holding Company has been taking necessary steps to facilitate day to day banking transaction.
1. The figures for the previous periods have been regrouped / rearranged wherever necessary. The figures of last quarters are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the relevant financial years.
1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on August 13, 2021 through video conferencing. The review report of the statutory auditors is being filed with the BSE Ltd and National Stock Exchange ofIndia Ltd. For more details on the consolidated results, visit Holding Company's website www.dcm.in and Financial Results under Corporates section ofwww.nseindia.com and www.bseindia.com.

Place: New Delhi Date: August 13, 2021 For and on behalf of the Board of Directors

JITENDR ATULI Digitally signed by JITENDRA TULI Date: 2021.08.13 13:35:54 +05'30'

Jitendra Tuli Managing Director DIN: 00272930

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DCM Ltd. Interim / Quarterly Report 2022

61500_rns_2021-08-13_e8351cf4-7e0d-430f-9f89-92850a9fe0fc.pdf