August 2b~2020

BSf: Limited Flor 25, Phiroze [eejeebhoy Towers, DOlIHI Street, . Mumbai- 400001

National StockBxchangeof India Limited Exchange Plaza, Plot.no. C!l,G";BIock, Bandra -Kurla Complex, Bandra (E), Mum,bai-400051

Scrip Code: 502820jDCM

Subject: Unaudited Financial Results (Standalone as well as Consolidated) of Company for .fhe. l\$tquarterand three months ended JuneH30t 2020 pursuant to Regulation 33 .of SEBI (Llsting Obligations and. Disdosure Reguiremertts) ~atiollS, 2015.

Dear Sir,

10 terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time,·thjs is to inform you that the Board of Directors of the Company at its meeting held on today, have approved and taken on .record the Unaudited Financial Results (\$tandalone as. well as Consolidated) of the Companyfor 1 st quarter and three months ended June 30, 2020.

The aforesaid results along with Limited Review Report thereon by Statutory Auditors of the Company, are enclosedherewith for your information and records.

Please acknowledge receipt of the same.

Yours truly, For PCM Limited

Vi;n:i;UPrasad. Gupta Company.Secretary & Compliance Officer FCS6380

Encl; - As above

"I iu: investors@d.~,

Regi~icrrd om.:;•-. . Unit No~.1i}5{) to 2052. 2nd Floor, Plaza U, Centra/Square; 10, Manohar Lal Khurana Marg, Bara ^f IinduRao, Delhi» 11'0006. Phone: (OU) 415_~9170 el1\: 1..,.t~q(}Dl.l ~l<Opu.·O(l(){J(~. \Veh,iJ(': www.dcm.in Fmail id: dc;mltd!~!;dcm.in 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

SS KOTHARI MEHTA & COMPANY CHARTERED ACCOUNTANTS

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, 2020 (the 'Statement'), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 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.
$3.$ We conducted our review 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.
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.

Emphasis of matters 5.

We draw attention to the Note 5 of the Statement, during the current quarter in view of continued situation of industrial unrest Company continues to declare its lockout at its engineering business undertaking. On the basis of legal advice, the 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, 2020 aggregating to Rs. 1363 lakhs, Out of which Rs. 473 lakhs pertain to quarter ended on June 30, 2020. Our conclusion is not modified in respect of this matter.

Plot No. 68, Okhla Industrial Area, Phase-III, New Delhi-110020 Tel: +91-11-4670 8888 E-mail: [email protected]

SS KOTHARI MEHTA COMPANY CHARTERED ACCOUNTANTS

6. Material Uncertainty on Going Concern

We draw attention to Note: 4 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. 8,337 lakh as of June 30, 2020. The Covid 19 pandemic has further added uncertainties as referred to in Note 3. The Company has initiated restructuring of its Engineering Division as explained in the Note: 4. The management of the 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.

7. Other Matter

The review of unaudited quarterly result for the quarter ended June 30, 2019 was carried out and reported by BSR & Co, LLP who have expressed their modified conclusion vide report dated August 12, 2019. Our conclusion is not modified in respect of this matter.

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

NEW DELHI Sunil Wahal Partner Membership No.: 087294

Place: New Delhi. Dated: August 26, 2020 UDIN: 20087294AAAAGC6355

Plot No. 68, Okhia Industrial Area, Phase-III, New Delhi-110020 Tel: +91-11-4670 8888 E-mail: [email protected]

DCMLlMlTEI)

Regd, Office: 2U50-2052, 2nd Floor, Plaza-II, Central Square, 20, Manohar Lala Khurana Marg, Bara Hiodu Rao, !Ii.lI' Delhi - 110006 CIN: L74899DLl889PLC000004 E-mail: [email protected] Phone: 011-41539170

STATEMENT OF lJNAl'D1TED STANDALOI\E FINAl'OClAL RESULTS FOR 11IE QVARTER ENDED JUNE 30, 2020

					(Rupees in lakhs)
S.No_	Particulars	F., the quarter	For the )'ear ended
		June 30,2020	March 31, 2020	JUDe 30,2019	March 31, 2020
		Unaudited	Audited (Refer note 3)	Unaudited (Refer note J}	Audited (Refer note 3)
1	Revenue
	(a) Revenue from operations	(28)	(37)	7,696	12,890
	(b) Other income	18	109	821	2,612
	Total income	(10)	71	8,S17	15,502
2	Expenses
	(0) COS[ of materials consumed	(2)	(8)	2.663	4.045
	(b) Changes in inventories of finished goods and work in progress	(2)	71	1.019	2.521
	(c) Employee benefits expense	110	60	1,540	3.428
	(dj Finance costs	200	194	305	1.072
	(e) Depreciation and amortization expense (f) Other expenses	216 64	218 183	408 3.774	1.171 6,S33
	Total expenses	586	718	9,709	18,776
3	Profitf(los.) before lax	(S%)	(646)	(1,192)	(3,274)

4	Tax expense
	Current tax		-	-	-
	relating 10 prior periods Tax adjustment Total tax expense	-	- -		(56) (56)
		-		-
5	for the ncriodl H3r from continulns "rolitlOoss) oneartions	(596)	(646)	(1,192)	(3,218)
6	Profit before tn: from diseuatluued nperanons	-		37	144
7	Tax expense for discontinued operations	-	-		-
8	Profit after tax from discontinued operations	-	-	37	144
9	Pl'ofitl(loss} Cor the periodl year	(596)	(646)	{l,ISSJ	(3,074)
10 (aJ	Otber comprehensive income Items that will not be reclassified to profit or loss
	Re-measurement Oosse;;)! gains of defined benefit obligations (oet of tax)	-	36	(4)	(36)
(b)	Items that will b. reclassified to profit or loss Exchange difference in translating financial statements of foreign operations (net of tax)	-	-	(I)	-
11	Total comprehensive income for the 11eriodJ vear	(596)	(610)	(1,160)	(3110)
12	Paid up equity share capital (Face value R.>. 10 each)	1,868	1.868	1.867	1.1!68
13	Other equity				(448)
14	(Ioss) per equity share (EPS) of Rs. IOi- each Eamlng51			,
	(not annualised) Basic and diluted - from continuing operations	(3.19)	(3.46)	(6.38)	(17.23)
	Basic and diluted - from discontinued operations	-	-	0.19	. 0.77
	Basic and diluted "	(3.19)	(3A6)	(6.19)	(16.46\

DCM LIMITED

Notes:
1. Standalone segment wise information for the quarter ended June 30, 2020
1. Standalone segment wise information for the quarter ended June 30, 2020

$\frac{1}{2}$

S. No.	Particulars		(Rupees in Lakhs) For the year ended
			Quarter Ended
		June 30, 2020	March 31, 2020	June 30, 2019	March 31, 2020
		Unaudited	Audited	Unaudited	Audited
$\mathbf{1}$	Segment revenue - continuing operations
	a) Real Estate
	b) Grey Iron Casting	(28)	(37)	7,696	12,890
	Total	(28)	(37)	7,696	12,890
	Less : Inter segment revenues
	Net revenue from operations	(28)	(37)	7,696	12,890
$\overline{\mathbf{2}}$	Segment revenue - discontinued operations
	a) IT Services *	$\sim$	٠	1,232	2,199
	Net revenue from operations	(28)	(37)	8,928	15,089

$\overline{3}$	Segment results (Profit before interest and tax from
	ordinary activities)
	a) Real Estate
	b) Grey Iron Casting	(357)	(381)	(1, 109)	(3,673)
	Total	(357)	(381)	(1, 109)	(3,673)
	Less : I) Finance costs	(200)	(194)	(305)	(1,072)
	: II) Un-allocable expenditure net of
	un-allocable income/(expenditure)	(39)	(71)	222	1,471
	Profit/(loss) before tax -continuing operations	(596)	(646)	(1, 192)	(3, 274)
$\overline{4}$	Profit before tax from discontinued operations
	a) IT Services *	$\overline{\phantom{a}}$	۷	37	144
	Profit/(loss) before tax	(596)	(646)	(1, 155)	(3, 130)
5	Segment assets
	a) IT Services	$\omega$		1,670
	b) Real Estate	12	12	25	12
	c) Grey Iron Casting	7,118	7,351	13,245	7,351
	Total segment assets	7,130	7,363	14,940	7,363
	Others un-allocated	5,619	5,718	7,237	5,718
	Total assets	12,749	13,081	22,177	13,081
6	Segment liabilities
	a) IT Services			874
	b) Real Estate c) Grey Iron Casting	23 7,986	23 7,838	23 9,720	23 7,838

	Total segment liabilities	8,009	7,861	10,617	7,861
	Others un-allocated (excluding borrowings)	955	936	2,058	936
	Total liabilities	8,964	8,797	12,675	8,797

* Refer Note 3

1. This Statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015, as amended (Ind AS), prescribed under Section l33 of the Companies Act, 2013, and other recognised accounting practices and policies to the extent applicable.
1. a) The IT Business Undertaking of the Company has been transferred! vested with DCM Infotech Limited, a wholly owned subsidiary on a going concern basis with effect from September 16, 2019 on the carrying value appearing as on September 15, 2019.

Consequently, the financial results of the Company exclude the IT Division which is disclosed as discontinued operations in. the previous periods! year.

Rs. In Lakhs

S.No. 1-------	--. Particulars	Quarter Ended	Year Ended
	- "	-----_ June 30, 2019	March 31, 2020
1	.•.•_ Total n *_ Income ,,, ••* __ •••---.,,, ___	. '-----... 1,232	2,245
2	Total Expenses	1,195	2,101
3	Profit before tax	37	144 ••
4	Profit after tax	37	144
5	Total comprehensive income	35	144
6	Earnings share per (Rs.) (not annualized)	0.19	0.77

Break up of discontinued operations is as under:

b) 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. These Stock Exchanges have issued their observation letter enabling the company to file the Scheme with Hon'ble National Company Law Tribunal (NCLT) for seeking their approval. The Company is taking necessary steps in this regard .. Copy of the scheme is available ⁰¹¹ the Company's website.

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 adverse industrial unrest coupled with automotive recession, 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. 8,337 lakhs as at June 30, 2020.

The Scheme of Arrangement mentioned in note 3(b) 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 lmanaging of its remaining business undertaking/real estate operation, 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.

5: In view of continued situation of industrial unrest at Engineering Business Division of the Company, situated at Village Asron, District Shahecd 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 2020 aggregating to Rs. 1363 lakhs out of which Rs. 473 lakhs pertains to quarter ended on June 30, 2020.

The figures for the quarter ended March 31, 2020 and the corresponding quarter ended in the previous year are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the end of third quarter of the relevant financial year. Also, the figures up to the end of the third quarter had only been reviewed and not subjected to audit.

7. COVID-19 PA..~DEMIC AND ITS IMPACT

The Ministry of Home Affairs, Government of India ⁰¹¹ March 24, 2020 notified the first ever nationwide lockdown in India to contain the outbreak ofCovid-19 pandemic. The Government has started to lift the lockdown in phases from the beginning of May 2020.

In view of the outbreak of the pandemic, the Company undertook timely and essential measures to ensure the safety and well-being of its employees. The Company observed all the Government advisories and guidelines thoroughly and in good faith.

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 currentindicators of future economic conditions, the Company has concluded that the impact ofCOVID 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 above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on August 26, 2020. The review report of the statutory auditors is being filed with the BSE Ltd and National Stock Exchange of India Ltd. For more details on the standalone results, visit Company's website www.dcm.in and Financial Results under Corporates section of'www.nseindia.com and www.bseindia.com.

For and on behalf ofthe Board of Directors

J ITEN 0 Digitally signed by JrTENDRA TUU RA TUll Date:2020.08.26 . 12:37:40 +{)S'30'

Jitendra Tuli Managing Director DIN: 00272930

Place: New Delhi Date: August 26, 2020

SS 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

We have reviewed the accompanying statement of unaudited consolidated financial results of DCM Limited $\mathbf{1}$ (the 'Holding Company' or 'Company'), its subsidiaries (the Holding and its Subsidiaries together referred as 'the Group') and its jointly controlled entity along with their subsidiaries for the quarter ended June 30, 2020, 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").
This Statement, which is the responsibility of the Holding Company's Management and approved by the $\mathcal{P}$ 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 AS 34"), 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.
$\overline{3}$ . We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

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.

1. The Statement includes results of the following entities:
Subsidiaries $\overline{a}$ :
- DCM Textiles Limited $\mathbf{1}$
- $\overline{2}$ DCM Data Systems Limited

Page 1 of 4

Plot No. 68, Okhla Industrial Area, Phase-III, New Delhi-110020 Tel: +91-11-4670 8885 E-mail: [email protected]

S S KOTHARI MEHTA & COMPANY PLADERICA ACCENTS

$\overline{\mathbf{z}}$ DCM Infotech Limited (formerly known as DCM Reality Investment & Consulting Limited)
DCM Finance and Leasing Limited
DCM Engineering Limited (formerly known as DCM Tools and Dies 5 Cimited
DCM Realty and Infrastructure Limited £.
DCM Engineering Products Educational Society $\overline{z}$

Jointly controlled entity and its subsidiaries Ь.

Purearth Infrastructure Limited, jointly controlled entity $1.$
Kalptru Reality Private Limited, subsidiary of Purearth Infrastructure Limited $2.$
Kamayani Facility Management Private Limited, subsidiary of Purearth Infrastructure $3.1$ Limited
1. Vighanharta Estates Private Limited, subsidiary of Purearth Infrastructure Limited
1. Based on our review conducted as per para 3 above and upon considerations of reports of other auditors read with para 7 & 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 faid 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.

ä. Emphasis of Matter

We draw attention to the Note 5 of the Statement, during the current quarter in view of continued situation of industrial unrest, Holding Company continues to declare lockout at its engineering business undertaking. On the basis of legal advice, the management of the Parent 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 pariod October 22, 2019 to June 30, 2020 aggregating to Rs. 1363 lakhs, Qui of which Rs. 473 lakhs pertain to quarter ended on June 30, 2020. Our conclusion is not modified in respect of this matter.

Material Uncertainty on Going Concern

$\mathbf{Z}_k$ We draw attention to Note: 4 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. 7269 lakhs as at June 30, 2020. The Coyid 19 pandemic has further added uncertainties as referred to in Note 8. The Company has initiated restructuring of its Engineering Division as explained in the said note. The management of Parent 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 Company has been prepared on a going concern basis. Our Conclusion is not modified in respect of this matter.

Page 2 of 4

Plot No. 68, Okhia Industrial Area, Phase-III, New Delhi-110020 Tel: +91-11-4670 6888 E-mail: [email protected]

SS KOTHARI MEHTA & COMPANY CHARTERED ACCOUNTANTS

Other Matters 8.

a) We did not review the financial results of 5 subsidiaries whose unaudited financial results reflect total revenue of Rs. Nil, total loss after tax of Rs. 1 lakh and total Comprehensive loss of Rs. 1 lakh for the quarter ended June 30, 2020, as considered in this Statement, have been reviewed by other auditors whose review reports have been furnished to us. Our report, to the extent it concerns these subsidiaries (including step down subsidiaries), on the unaudited quarterly consolidated financial results is based solely on the report of the other auditors and the procedures performed by us as stated in paragraph 3 above.
b) We did not review the financial results of one subsidiary whose unaudited financial results reflect total revenue of Rs. 0 lakh, total loss after tax of Rs. 0 lakh and total Comprehensive loss of Rs. 0 lakh for the quarter ended June 30, 2020, as considered in this Statement, in so far as it relates to the amounts and disclosures in respect of this subsidiary, is based solely on the management certified financial results. This is not considered material to the Group.
c) We did not review the consolidated financial results of one jointly controlled entity, wherein Group's, share of profit including other comprehensive loss of Rs. (-) 109 lakh for the quarter ended June 30, 2020. The financial results of this jointly controlled entity is reviewed by their auditors and their review report on interim financial result of this jointly controlled entity 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 jointly controlled entity 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 iointly controlled entity, wherein Group's, share of profit including other comprehensive loss of Rs. 0 lakh for the quarter ended June 30, 2020, as considered in the statements. Our report, to the extent it concerns these subsidiarles of this jointly controlled entity 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.
e) Attention is drawn to the figures of jointly controlled entity for the quarter ended June 30, 2019 which have been approved by the jointly controlled entity's Board of Directors but have not been subjected to review.

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

The review of unaudited quarterly result for the quarter ended June 30, 2019 was carried out and reported by BSR & Co, LLP who have expressed their modified conclusion August 12, 2019. Our conclusion is not modified in respect of this matter.

Page 3 of 4

Piot No. 68, Okhla Industrial Area, Phase-III, New Delhi-110020 Tel: +91-11-4670 8888 E-mail: [email protected]

SS KOTHARI MEHTA & COMPANY CHARTERED ACCOUNTANTS

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

$\sigma$ . BEST DESHI Sunil Wahal Partner Membership No: 087294

Place: New Delhi Dated: August 26, 2020 UDIN: 20087294AAAAGD3676

Page 4 of 4

Plot No. 68, Okhla Industrial Area, Phase-III, New Delhi-110020
Tel: +91-11-4670 8888 E-mail: [email protected]

$\mathop{\rm DCM}\nolimits$ LIMITED

Regd. Office: 2050-2052, 2nd Floor, Plaza-H, Central Square, 20, Manohar Lala Khurana Marg, Bara Hindu Rao, New Delhi - 110 006
CIN: L7=399DL1889PLC000004 E-mail: [email protected] Phone: 011-41539170

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2020

					(Rupees in Lakhs)
S. No.	Particulars	For the quarter ended	For the year ended
		June 30, 2020	March 31, 2020	June 30, 2019	March 31, 2020
		*Gnaudited*	Audited	uuaudited	Audited
1	Revenue
(a)	Revenue from operations	1,118	1.168	8,928	18,609
(b)	Other income	25	116	821	2,657
	Total income	1,143	1,284	9,749	21,266
$\,2$	Expenses
(a)	Cost of materials consumed	(2)	(8)	2,663	4,045
(b)	Cost of rights in flats				255
(c)	Clanges in inventories of funslied goods and work in progress	(2)	71	1,019	2.521
(d)	Employee benefits expense	811	870	2,355	6,677
(c)	Finance costs	204	198	316	1,099
(f)	Depreciation and amortization expense	237	239	427	1,263
(g)	Other expenses	390	452	4,124	7,705
	Total expenses	1,638	1,822	10,904	23,565
$\mathbf 3$	Profit/ (lass) before tax and share of profit/ (loss) of equity accounted investee	(495)	(538)	(1, 155)	(2, 299)
4	Share of loss of equity accounted investee	(109)	44	(122)	(447)
$\overline{5}$	Profit (loss) before tax	(604)	(494)	(1, 277)	(2,746)
6	Tax expense
	Current tax	21	38		248
	Tax adjustment relating to prior periods				(56)
	Deferred tax expense	5	(9)		(7)
	Total tax expense	26	29		185
$\overline{\tau}$	Profit/(loss) for the period/year from continuing apeartions	(630)	(523)	(1, 277)	(2,931)
8	Profit before for the period/year - discontinued operations
10	Tax expense
$\mathbf{11}$	Profit after tax for the period/year - discontinued operations	$\mathbf{u}$
12	Profit/(loss) for the period/year	(630)	(523)	(1, 277)	(2,931)
13	Other comprehensive lacome
(a)	Items that will not be reclassified to profit or loss
	Re-neasurement (losses)/ gains of defined benefit obligations (net of tax)		31	(4)	(41)
(b)	Items that will be reclassified to profit or loss	÷	22	$^{(1)}$	41
	Excl: ange difference in translating financial statements of foreign operations (net of tax)
14	Total comprehensive income for the period/year	(630)	(470)	(1, 282)	(2,931)
15	Paid up equity share capital (Face value Rs. 10/- each)	1,868	1,868	1,867	1,868
16	Other equity				(2,063)
17	Earnings/ (loss) per equity share (EPS) of Rs. 10/- each (not annualised)
	Basic and diluted - from continuing operations	(3.37)	(2.80)	(6.84)	(15.69)
	Basic and diluted - from discontinued operations
	Basic and diluted	(3.37)	(2.80)	(6.84)	(15.69)

$\hat{\sigma}$

DCMUi\UTED

Notes:

1. Consolidated segment wtse information for the quarter ended June 30; 2020

S.No.	Particulars		i (R LakIt) upees n S
		For the quarter	For the year ended
		June 30, 2020	March 31, 2020	June 30, 2019	March 31, 2020
		Unaudited	Audited	unaudited	Audited
1	Segment revenue
	8) IT Services	1.146	1.205	1,232	4.868
	b) Real Estate			-	851
	c) Grey Iron Casting	(28)	(37)	7.696	12,890
	d) Others	-	-	-	-
	Total Less : Inter segment revenues	1,118	1,168	8,918	18,609
	"'et revenue from operations	- 1,118	- 1,168	- 8,928	- 18,609
2	Segment results (Prolit/(Ioss) before tax and interest from ordinary activities)
	a) IT Services	100	108	49	369
	b) Real Estate	-	-	-	595
	c) Grey Iron Casting	(357)	(381)	(1,109)	(3.673)
	d) Others	(I)	(8)	(7)	(29)
	Total	(158)	(l81)	(1,067)	(2,738)
	Less : I) Finance costs	(204)	(198)	(316)	(1.099)
	: II) Un-allocable expenditure net of
	un-allocable incomei(cxpenditure)	(33)	(59)	228	1.538
	Share of loss of equity accounted investee	(l09)	44	(122)	(447)
	Profit/(Ioss) before rsx	(604	(494)	(1,277)	(2,746)
3	Segment assets
	a) Textile	-	-	-	-
	b) IT Services	1,905·	1.839	1.670	1.839
	c) Real Estate	12	12	25	12
	d) Grey Iron Casting	7,1.18	7,351	13.245	7.351
	e) Others	44	47	360	47
	Total segment assets	9,079	9,249	15,300	9,249
	Others un-elloeated	2,764	2.972	4.964	2,972
	Total assets	1l.843	12,221	20,264	12,221
4	Segment liabilities
	11) Textile	-	-	-
	b) IT Services	776	785	874	785
	c) Real Estate	23	23	23	23
	d) Grey Iron Casting e) Others	7.986 4	7,838 5	9.120 6	7.838 5

	Total segment liabilities Others an-allocated (excluding borrowings)	8,789 905	8,651 886	10,623 2,056	8,651 886
	IotailiabiUtles	9,694	9537	"12,679;	9,537

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 recognised accounting practices and policies to the extent applicable.
1. Board of Directors of the Holding 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. These Stock Exchanges have issued their observation letter enabling the Holding Company to file the Scheme with Hon'ble National Company Law Tribunal (NCLT) for seeking their approval. The Holding Company is taking necessary steps in this regard. Copy of the scheme is available on the Holding Company's website.

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 consolidated financial results.

Due to continued situation of adverse industrial unrest coupled with automotive recession, 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. 7.2691akhs as at June 30. 2020.

The Scheme of Arrangement mentioned in note 3 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. the Group will be able to continue its operation on a going concern basis.

Accordingly, the financial results of the Group have been prepared 011 a going concern basis.

In view of continued situation of industrial unrest at Engineering Business Division of the Group, situated at Village Asron, District Shaheed Bhagat Singh Nagar (punjab), the management of the Division has recommended to declare a lockout. TIle Board of Directors of the Holding 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, 20 I9.

The said lockout was opposed by the workmen of said Engineering Division before the Labour Authorities. Based on the legal advice received by the Group. the management is of the view that the present lockout is legal and justified. Therefore. the Group has not made any provision for wages pertaining to the lockout period October 22. 2019 to June 30 2020 aggregating to Rs. 1363 lakhs out of which Rs. 473 lakhs pertains to quarter ended on June 30, 2020.

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 lakhs)

		Year ended
Particulars	June 30, 2020	March 31, 2020	June 30, 2019	March 31, 2020
~~vellue from operations	(28)	(37} .",.-_.	7,696	12,890
Profit/(loss} for the period from continuing operations	---1:196)	(646L	.(L191)~ -.	(3,218)
Profit after tax from Discontinued operations	-	-	37	144
Net profit/tloss)	(596)	(646)	(1,155)	(3,074)
Total comprehensive income	(596)	(610)	(1,160)	(3,110)
Profit before interest, depreciation and tax.(pBIDn	(180)	(234)	(442)	(881)
Cash profitl(loss) .'	(380)	._~l§L	(747)	(1,897)

The unaudited consolidated financial results for the quarter ended June 30, 2020, unaudited consolidated results for the quarter ended June 30, 2019, and unaudited consolidated financial results for the quarter and year ended March 31, 2020 have been prepared by the Group in accordance with the requirements of Ind AS 110 "Consolidated Financial Statements", Ind AS I I I "Joint Arrangements" and Ind AS 28 "Investments in Associates and Joint Ventures", as specified under Section 133 of the Companies Act, 20l3, read with the Companies (Indian Accounting Standards) Rules, 2015 and on the basis of the separate unaudited fmaneial results of the Parent Company, its subsidiaries, its trust and jointly controlled entity and subsidiaries of the jointly controlled entity.

The unaudited financial results of 6 subsidiaries namely DCM Infotech Limited (Formerly known as DCM Realty Investment & Consulting Limited), DC-N1 Data Systems Limited, DCM Finance & Leasing Limited, DCM Textiles Limited, DCM Engineering Limited (Formerly known as DCM Tools & Dies Limited), and DCM Realty and Infrastructure Limited have been consolidated. Financial statements of 5 out of above 6 have been audited by their respective statutory auditors.

8. COVID-191'ANDEMIC AND ITS IMPACT

The Ministry of Home Affairs, Government of India on March 24, 2020 notified the first ever nationwide lockdown in India to contain the outbreak of Covid-19 pandemic. The Government has started to lift the Iockdown in phases from the beginning of May 2020.

In view of the outbreak of the pandemic, the Group undertook timely and essential measures to ensure the safety and well-being of its employees. The Group observed all the government advisories and guidelines thoroughly and in good faith.

The Management has been closely reviewing tile impact ofCOVID-19 on the Group. Due to continuation of lockout of Engineering Business Unit (Engineering Business Undertaking), declared ⁰¹¹ 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 Group has concluded that 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 Group will continue to monitor any material changes on the future economic conditions and relating to its Businesses in future periods.

The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on August 26, 2020. The review report of the statutory auditors is being filed with the BSE Ltd and National Stock Exchange of India Ltd. For more details on the consolidated results, visit Holding Company's website www.dcm.in and Financial Results under Corporates section of www.nseindia.comand www.bseindia.com.

For and on behalf of the Board of Directors

JITENDRA TULI

Jitendra Tuli . Managing Director DIN: 00272930

Digitally signed by JITENDRATULI .Date: 2020.08.26 12:39:03 +05'30'

Place: New Delhi Date: August 26, 2020

AI assistant

DCM Ltd. Interim / Quarterly Report 2020