November 08, 2023

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai -400 001 Scrip Code: 502820

National Stock Exchange of India Ltd. Exchange Plaza, Plot no. CII, G Block,Bandra - Kurla Complex, Bandra (E),Mumbai - 400 051 Scrip Code: DCM

ISIN: INE498A01018

Subject: Unaudited Financial Results (Standalone and Consolidated) of Company for 2nd quarter and half year ended September 30, 2023 pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sirs,

This is to inform you that the Board of Directors of the Company at its meeting held on November 08, 2023 (i.e. today) have inter-alia approved and taken on record the Unaudited Financial Results (Standalone and Consolidated) of the Company for the 2nd quarter and half year ended September 30, 2023. Accordingly pursuant to Regulation 33 of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, following documents are enclosed herewith:-

1. Limited Review Reports of Statutory Auditors on the ·Unaudited Financial Results (Standalone and Consolidated) of the Company for the 2nd quarter and half year ended September 30, 2023;
ii. Unaudited Financial Results (Standalone & Consolidated) for the 2nd quarter and half year ended September 30,2023.

Time of Commencement of Board meeting - 4: 30 PM

Time of conclusion of Board Meeting - 6: I⁵ ^f (f)

You are requested to take the above information on record.

Encl. - as stated above

Registered Office: Unit Nos. 2050 to 2052, 2nd Floor, Plaza II, Central Square: 20, Manohar Lal Khurana Marg, Bara Hindu Rao, Delhi - 110006. Phone: (011)41539170 CTN: L74899DLl889PLC000004 Website: www.dcm.in Email id: [email protected] & COMPANY-CHARTERED ACCOUNTANTS

5 5 KOTHARI MEHTA

Independent Auditor's Review Report on Quarterly and Year to date 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, OCM Limited New Delhi

1. We have reviewed the accompanying statement of unaudited standalone financial results of DCM Limited (the "Company") for the quarter ended September 30, 2023 and the year to date results for the period from April 01, 2023 to September 30, 2023, along with notes (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, "Interim Financial Reporting" (Ind AS 34) prescribed under Section 133 of the Companies Act, 2013 as amended (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.
1. 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 accordancewith 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 Act, 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. Emphasis of Matter

We draw attention to Note 3 of the Statement, wherein during the earlier year, in view of continued situation of industrial unrest, the Company has declared 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 September 30, 2023 of the workmen on roll as on September 30, 2023 aggregating to Rs. 6,374 lakhs (current quarter Rs. 244 lakhs). Our conclusion is not modified in respect to th is matter.

Page 1 of 2

Plot No. 68, Okhla industrial Area, Phase-III, New Delhi-110020 Tel: +91-11-46708888 E-mail: [email protected] www.sskmin.com 5 5 KOTHARI MEHTA & COMPANY

CHARTERED ACCOUNTANTS

6. Material Uncertainty on Going Concern

We draw attention to Note 5 and 6 of the Statement highlighting that;

The Company has entered into a Joint Development Agreement (JDA) with a party for development of its Land situated at Hisar. The JDA is subject to fulfilment of certain terms and conditions by the said party aswell as receipt of regulatory approvals. The JDAhas become effective pursuant to compliance of certain terms and conditions in terms of said JDA.

The Director General, Town and Country Planning, Haryana has suspended the license for development of the said land taking a note that an enquiry has been initiated against the Company in respect of the Company's [and at Hisar. As per the said Order, the licensee is directed not to carry out any development work on the above-mentioned land at Hisar and also not to create any third party rights unless the said suspension is revoked. The Company is taking appropriate action in the matter for the revocation of said suspension Order.

Pending revocation of said suspension of license, the advance of Rs.5,000 lakh received by the Company under the said JDA, has been shown under the current liabilities. Pursuant to above, the current liabilities of the Company including the said advance of Rs.5,000 lakh received under JDA exceed the current assets by Rs 4,057 lakh as at September 30, 2023. The management of the Company holds the view that the Company has merits in case and is confident to get favourable order in the said matter of revocation of suspension Order.

The management believes that with the revocation of said suspension Order of license and infusion of liquidity by focusing /managing of its real estate operation and/or the Company's plans of restructuring of its Engineering Business Undertaking as well as other interim measures to improve liquidity, the Company will be able to continue its operation for the foreseeable future. Accordingly, the financial statements of the Company have been prepared on a going concern basis.

Our conclusion is not modified in respect of this matter.

For S S Kothari Mehta & Co Chartered Accountants Firm Registration No, o~

?;,A~~§ AMITGOEL

Partner Membership No.: 500607

Place: New Delhi Dated: November 08,2023 UDIN: ~3 ^~ DO ^b^O t ⁶ bJv R\I~ 4{'f:S

o CM LIMITED

Regd. Office: 2050-2052, 2nd Floor, Plaza-II, Central Square, 20, Manohar Lal Khurana Marg, Bara Hindu Rao, Delhi - 110 006 E-mail: [email protected] Phone: 011-41539170 CIN: L74899DLl889PLC000004

STA TEM ENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30,2023

						(R	I kh) unees 111 a
			For the quarter	ended	Six months ended		For the year
S.No.	Particulars	September 30,		June 3U, September	3U, September	3U, September JU,	ended MarCh Jl,
		2023	2023	2022	2023	2022	2023
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited

1	Revenue
(a)	Revenue from operations	74	139	-	213	-	6
	(b) Other income (refer Note 4)	4	96	809	100	954	1,088
	Total income	78	235	809	313	954	1,094
2	Expenses
	(a) Cost of materials consumed	65	70	-	135	-	-
	(b) Changes in inventories of finished goods and work in progress	-	22	-	22	-	-
(c)	Employee benefits expense	88	91	88	179	179	409
(d)	Finance costs	50	49	(41)	99	1\6	211
(e)	Depreciation and amortization expense	95	112	157	207	327	63\
	(f) Other expenses	57	55	106	112	173	459
	Total expenses	355	399	310	754	795	1,710
3	Profit/(Loss) before tax	(277)	(164)	499	(441)	159	(616)
4	Tax expense
	Current tax	-	-	-	-	-	-
	Tax adjustment relating to prior periods		-	-	-	-	-
	Deferred tax expense	-	-	-	-	-	-
	Total tax expense	-	-	-	-	-	-
5	Profit/(Loss) for the period/ year	(277)	(164)	499	(441)	159	(616)

6	Other comprehensive income
	Items that will not be reclassified to profit or loss Re-measurement (Iosses)/gain of defined benefit obligation (net of						-
	tax)	16	16	19	32	38	64

7	Total comprehensive Income/rf.xpense) for the period/ veal'	(261)	(148)	518,	(409)	197	(552)
8	Paid up equity share capital (Face value Rs. 10 per share)	1,868	1,868	1,868	1,868	1,868	1,868
9	Other equity						(1,078)
10	Earnings/ (loss) per equity share (EPS) of Rs. 10 each
	(not annualised)
	Basic and Diluted	(148)	(0.88)	2.67	(2.36)	0.85	(3.30)

DC M LIMITED

Note:

I. Standalone segment wise information for the quarter and six months ended September 30, 2023

							(Rupees in lakh) ror the year
			For the uuarter	ended	Six month ended		ended
S.No.	Particulars	Septem ber 30,	June 30,	September 30,	Septem ber 30,	September 30,	March 31,
		2023	2023	2022	2023	2022	2023
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
I	Segment revenue
	(a) Real Estate	-	-	-	-	-
	(b) Grey Iron Casting	74	\39	-	213	-	- 6

	Total income	74	139	-	213	-	6
	Less: Inter segment revenues	-	-	-	-	-	-
	Net revenue from onerations	74	139	-	213	-	6
	Segment results (Profit/(Loss) before interest and tax from
2	ordinary activities)
	(a) Real Estate	-	-	(59)	-	41	41
	(b) Grey Iron Casting	(160)	(138)	528	(298)	316	(\35)

	Total	(160)	(138)	469	(298)	357	(94)
	Less I) Finance costs	50	49	(41)	99	116	211
	: 11)Un- . allocable expenditure net of un-allocable income	67	(23)	11	44	82	311
	Profit/CLoss) before tax	(277)	1164	499	(441	159	(616

3	Segment assets a) Real Estate	176	299	124	176	124	299
	b) Grey Iron Casting	4,105	4,329	4,872	4,105	4,872	4,511

	Total segment assets	4,281	4,628	4,996	4,281	4,996	4,810
	Others un-allocated	5,093	5,064	5,344	5,093	5,344	5,080
	Total assets	9,374	9,692	10,340	9,374	10,340	9,890

4	Segment liabilities
	a) Real Estate b) Grey Iron Casting	7,377 921	7,332 1,043	6,188 1,929	7,377 921	6,188 1,929	7,288 1,140
					.'
	Total segment liabilities	8,298	8,375	8,117	8,298	8,117	8,428
	Others un-allocated (excluding borrowings)	695	676	685	695	685	672

	Total liabilities	8,993	9,051	8,802	8,993	8,802	9,100

DCM LIMITED

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

STATEMENT OF STANDALONE ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2023

		(Rupees in lakh)
	As at	As at
Particulars	September 30, 2023	March 31. 2023
	Unaudited	Audited
ASSETS
Non-current assets
Property, plant and equipment	3,125	3,335
Intangible assets	4	5
Financial assets
Investments	3,246	3,246
Other financial assets	180	181
Non-current tax assets (net)	410	401
Other non-current assets	748	748
Total non-current assets	7,713	7,916
Current assets
Inventories	1,018	1,174
Financial assets
Trade receivables	14	14
Cash and cash equivalents	54	21
Bank balances other than cash and cash equivalents	133	189
Loans	10	15
Other financial assets	90	65
Other current assets	137	291
Assets held for sale	205	205
Total current assets	1,661	1,974
Total assets	9,374	9,890
EQUITY AND LIABILITIES
Equity	.'
Equity share capital	1,868	1,868
Other equity	(1,487)	(1,078)
Total equity	381	790

Liabilities
Non-current liabilities
Financial liabilities
Other financial liabilities	2,905	2,816
Provisions	370	528
Total non- current liabilities	3,275	3,344

Current liabilities
Financial liabilities
Trade payables
Dues to micro and small enterprises	-	-
Dues to others	107	117
Other financial liabilities	5,327	5,343
Other current liabilities	224	236
Provisions	60	60
Total current liabilities	5,718	5,756
Total equity and liabilities	9,374	9,890

DC M Limited

Standalone Cash Flow Statement for the period ended September 30, 2023

			(Rupees in lakh)
Particulars		For the period ended September 30, 2023	For the period ended September 30, 2022
	Cash flow from operating activities
	(Lossj/Profit before taxation	(441)
	Adjustments for:		159
	Depreciation and amortisation expense	207	327
	(Profitj/Loss on property plant and equipment sold or discarded (net)	4	(4)
	Income from sale of rights in flats	(2)	(41)
	Liabilities no longer required written back	(\9)	(825)
	Dividend income	(77)	(77)
	Interest income	(3)	(7)
	Finance costs	99	116
	Operating cash flow before working capital changes	(232)	(352)
	Working capital changes
	(Increase )/decrease in inventories	157	I
	(Increase )/decrease in trade receivables	(0)	o
	(Increase)/decrease in loans	6	1
	(Increasej/ decrease in other financial assets	(25)	410
	(Increase)/decrease in other assets	155	(150)
	Increasel (decrease) in trade payables	(10)	(480)
	Increase/(decrease) in provisions	(125)	(134)
	Increase/(decrease) in financial liabilities	(17) .	2,388
	Increase/(decrease) in other liabilities	(12)	(9)
	Cash generated from operations	(103)	1,675
	Income tax paid (net of refund)		(11 )
	Net cash geuerated/tusetl in) from operating activities (A)	(103)	1,664
	Cas" flow (rom investing activities
	Payment towards property, plant and equipment (including capital advances)		(2)
	Proceeds from disposal of property, plant and equipment (including advance		10
	received)
	Interest received on financial assets measured at amortised cost		7
	Interest income	4
	Dividend income	77	77
	Maturity of I (Investment in) bank deposits (net) not considered as cash and	55
	cash equivalents
	Net cash generated from ill vesting activities (B)
		136	92
	Cash flow (rom (inancillg activities
	Repayment of long term borrowings		(378)
	Change in working capital borrowings		(1,202)
	Interest paid		(177)
	Net cash used in financing activities (C)		(1,757)
	I (decrease)! Net cash flows (increase during the year (A+B+C)	33	(1)
	Cash and cash equivalents at the beginning of the year	21	21
	Cash and cash equivalents at the end of the year	54	20

	Components of cash and cash equivalents
	Cash on hand Balances with scheduled banks:	o
	- Current accounts	54	20
	Cash and cash equivalents at the end of the year		20

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 Undertaking (refer as Engineering Division) of the Company, situated at Village Asron, District Shaheed Bhagat Singh Nagar (Punjab), the management of the Engineering 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 Business Undertaking w.e.f. October 22, 2019.

The said lockout was opposed by the workmen of said Engineering Division before the Labour Authorities and presently the matter remained sub-judice 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 September 30, 2023 of the workmen on roll as on September 30, 2023 aggregating to Rs. 6374 lakh out of which Rs. 244 lakh pertain to quarter ended on September 30, 2023.

1. Other income includes income from Liabilities / Provision no longer required written back of amount Rs. Nil for the quarter ended September 30, 2023 (Quarter ended June 30, 2023 Rs. 19 lakh, Quarter ended September 2022 Rs. 781 lakh)
1. The Company is in process of developing its 68.35 acres ofland situated in the revenue state of Village Bir Hisar, Sector-23, Hisar, Haryana (referred as Hisar land). The Company has signed a joint development agreement in this regard on August II, 2022 with a party which is subject to fulfilment of certain terms and conditions by the said party as well as receipt of regulatory approvals. In this connection, the Company has received a license no.179 of 2022 in joint development with the said party on November 10, 2022 in respect of 67.275 acres of said Hisar land (referred as Project land) under Regulation of Urban Area Act, 1975 for setting up of affordable residential plotted colony under Deen Dayal Jan Awas Yojana-2016 (referred as Project).

The Director General, Town and Country Planning, Haryana has suspended the said licensee no.179 of 2022 during the month of April 2023 taking a note that an enquiry has been initiated against the Company by Deputy Commissioner in respect of the Company's land at Hisar.

Under the said suspension order, the licensee is directed not to carry out any development work in the Colony and also not to create another third party rights unless the said suspension order is revoked. The Company is taking appropriate action in the matter for the revocation of said suspension order.

As per the legal advice received by the Company, there are merits in the said matter of revocation of suspension of license. The management holds the view that the said suspension order oflicense no.179 of 2022 is likely to be revoked soon, however, the same remained pending as on date of approval of these unaudited results.

Pending revocation of suspension of license no.179 of 2022 by Director General, Town and Country Planning, Haryana (refer note 5 above), the advance of Rs. 5,000 lakh received under JDA has been shown under the current liabilities. Pursuant to above, the current liabilities of the Company including the said advance of Rs. 5,000 lakh under JDA, exceed the current assets by Rs. 4,057 lakh as at .September 30,2023.

The management believes that with the revocation of said suspension order of license no.179 of 2022 and infusion of liquidity by focusing /rnanaging of its real estate operation and/or the Company's plans of restructuring of its Engineering Business Undertaking as well as other interim measures to improve liquidity, the Company will be able to continue its operation for the foreseeable future .

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

1. 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 figures for the previous periods have been regrouped / rearranged wherever necessary.
1. Amount mentioned as '0' in the financial results is below rounding off threshold adopted by the Company. Adding the individual figures may therefore not always result in .exact total given.
1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on November 08,2023. The limited 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.corn and www.bseindia.corn.

For and on behalfof the Board of Directors

--: /J.- I -- ~~I~

Place: Delhi Date: November 08,2023 DIN: 00272930

5 5 KOTHARI MEHTA & COMPANY CHARTERED ACCOUNTANTS

Independent Auditor's Review Report on the Quarterly and year to date 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

1. 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 September 30, 2023 and the year to date results for the period from April 01, 2023 to September 30,2023, 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").
1. 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 AS 34"), prescribed under Section 133 of the Companies Act, 2013 as amended (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.
1. 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. This standard required 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 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.

Page 1 of 4

Plot No. 68, Okhla industrial Area, Phase-III, New Delhi-110020 Tel: +91-11-46708888 E-mail: [email protected] www.sskmin.com

S S KOTHARI MEHTA & COMPANY

CHARTERED ACCOUNTANTS

4. The Statement includes results of the following entities:

a. Subsidiaries
1 OCM Landmark Estates Limited (formerly known as OCM Textiles Limited)
2 OCM Infinity Realtors Limited (formerly known as OCM Oata Systems Limited)
3 OCM Infotech Limited (formerly known as OCM Reality Investment & Consulting Limited)
4 OCM Engineering Limited (formerly known as OCM Tools and Dies Limited)
5 OCM Realty and Infrastructure Limited
6 OCM Engineering Products Educational Society

b. Jointly controlled entity and itssubsidiaries

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
1. 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.

6. Emphasis of Matter

We draw attention to Note 3 to the accompanying statements, wherein during the earlier year in view of continued situation of industrial unrest, the Holding Company has declared lockout at its engineering business undertaking. On the basis of legal advice, the 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 September 30, 2023 of the workmen on roll as on September 3D, 2023, aggregating to Rs. 6,374 lakhs (for the current quarter Rs. 244 lakhs). Our conclusion is not modified in respect of this matter.

Page 2 of 4

S 5 KOTHARI MEHTA & COMPANY CHARTERED ACCOUNTANTS

7. Materlal Uncertainty on Going Concern

We draw attention to Note: 5 and 6 of the Statement highlighting that;

The Holding Company has entered into a Joint Development Agreement (JDA) with a party for the development of its Land situated at Hisar. The JDA is subject to fulfilment of certain terms and conditions by the said party as well as receipt of regulatory approvals. The JDA has become effective pursuant to compliance of certain terms and conditions in terms of said JDA.

The Director General, Town and Country Planning, Haryana has suspended the license for development of the said land taking a note that an enquiry has been initiated against the Holding Company in respect of the Holding Company's land at Hisar. As per the said Order, the licensee is directed not to carry out any development work on the above-mentioned land at Hisar and also not to create any third party rights unless the said suspension is revoked. The Holding Company is taking appropriate action in the matter for the revocation of said suspension Order.

Pending revocation of said suspension of license, the advance of Rs. 5,000 lakh received by the Holding Company under the said JDA, has been shown under the current liabilities. Pursuant to above, the current liabilities of the Group including the said advance of Rs. 5,000 lakh received under JDA exceed the current assets by Rs1,196 lakh as at September 30,2023. The management of the Holding Company holds the view that the Group has merits in case and is confident to get favorable order in the said matter of revocation of suspension Order.

Our conclusion is not modified in respect of this matter.

8. Other Matters

a) We did not review the unaudited quarterly financial results of 4 subsidiaries whose unaudited financial results reflect total assets of Rs. 6 lakh as at September 30, 2023, total revenue of Rs. Nil and Rs. Nil, total loss after tax of Rs. 0 lakh and Rs. 0 lakh and total Comprehensive loss of Rs. 0 lakh and Rs. 0 lakh for the quarter ended September 30, 2023, and the year-to-date results for the period April 01, 2023, to September 30, 2023, respectively, and net cash outflow of Rs. 0 lakh for the year to date ended September 30, 2023, 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

Page 3 of 4

S 5 KOTHARI MEHTA & COMPANY CHARTERED ACCOUNTANTS

subsidiaries is based solely on the report of such auditors and procedures performed by us as stated ill paragraph 3 above.

b) We did not review the unaudited financial results of 1subsidiary, whose unaudited financial results reflect total assets of Rs. 12 lakhs as at September 30, 2023, total revenue of Rs. Nil and Rs. Nil, total loss after tax of Rs.Olakh and Rs. 0 lakh and total Comprehensive loss of Rs. o lakh and Rs. 0 lakh for the quarter ended September 30,2023, and the year-to-date results for the period April 01, 2023, to September 30, 2023, respectively and net cash inflow of Rs. Nil for the year to date ended September 30, 2023, 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 considered material to the Group.
c) We did not review the unaudited consolidated financial results of one Joint venture entity and its three subsidiaries, wherein Group's, share of profit including other comprehensive income of Rs. 3 lakhs and Rs.91akhs for the quarter ended September 30,2023, and the yearto-date result for the period April 01, 2023, to September 30,2023. An independent auditor's report on interim consolidated 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.

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

For S S Kothari Mehta & Co. Chartered Accountants Firm Registration ^C'y6N

~y,;~ ----

AMITGOEL Partner Membership No: 500607

Place: New Delhi Dated: November 08, 2023 UDIN : ~'J ("DO" ⁰ t 6",., ^V R..,Vrz.41b^S

Page 4 of 4

DC M LIMITED

'i~egd. Office: 2050-2052, 2nd Floor, Plaza-II, Central Square, 20, Manohar Lal Khurana Marg, Bara Hindu Rao, Delhi - 110006 E-mail: [email protected] Phone: 011-41539170

CIN: L74899DLI889I'LC000004

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30,2023



						31,






























						(I)



						(372)


Basic and Diluted	(037)	(033\	:3.59	(0.70)	3.21	1.25

DC M LIMITED

Note:

Consolidated segment wise information for the quarter and six months ended September 30, 2023

						(R	I kh) uoees III a
			For the quarter ended		Six months ended		For the year ended
S.No.	Particulars	September 30,		September 30,	September	30, September 30,	March 31,
			2023 June 30,2023	2022	2023	2022	2023
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited

I	Segment revenue
	(a) IT Service	1,708	1,648	1,771	3,356	3,559	6,939
	(b) Real Estate	-	-	-	-	-	-
	(c) Grey Iron Casting	74	139	-	213	-	6
	(d) others	-	-	-	-	-	-
	Total income	1,782	1,787	1,771	3,569	3,559	6,945
	Less: Inter scarnent revenues		-		-	-	-
	Net revenue from operations	1,782	1,787	1,771	3,569	3,559	6,945
2	Segment results (Profit/(Loss) before interest and tax from ordinary activities)
	(a) IT Service	194	209	224	403	438	909
	(b) Real Estate	-	-	(59)	-	41	41
	(c) Grey Iron Casting	(160)	(138)	528	(298)	316	(135)
	(d) others		-	-	-	-	( I)

	Total	34	71	693	105	795	814
	Less. I) Finance costs	51	49	(40)	100	120	219
	: II) Un-allocable expenditure net of un-allocable income	(6)	30	25	24	36	223
	Share of Profit /(Ioss) of equity accounted investee	4	6	29	10	83	117
	Profit'(Loss) before tax	(7)	(2)	737	(9)	722	489

3	Segment assets
	(a) IT Service	3,814	3,624	3,234	3,814	3,234	3,533
	(b) Real Estate	170	293	117	170	117	293
	(c) Grey Iron Casting	4,104	4,329	4,872	4,104	4,872	4,511
	(d) others	19	19	19	19	19	19
	Total segment assets	8,107	8,265	.' 8,242	8,107	8,242	8,356
	Others un-allocated	3,063	3,031	3,273	3,063	3,273	3,042

	Total assets	11,170	11,296	11,515	11,170	11,515	11,398

4	Segment liabilities
	(a) IT Service	778	793	881	778	881	799
	(b) Real Estate	7,377	7,332	6,188	7,377	6,188	7,288
	(c) Grey Iron Casting	921 10	1,043 10	1,929 10	921 10	1,929 10	1,140 10
	(d) others
	Total segment liabilities	9,086	9,178	9,008	9,086	9,008	9,237
	Others un-allocated (excluding borrowings)	687	669	~76	687	676	665
	Total liabilities	9,773	9,847	9,684	9,773	9,684	9,902

DCM LIMITED

Regd. Office: 2050-2052, 2nd Floor, Plaza-Il, Central Square, 20, Manohar Lal Khurana Marg, Bara Hindu Rao, Delhi-ll0006 E-mail: [email protected] Phone: 011-41539170

STATEMENT OF CONSOLIDATED ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2023

(Rupees In. Ia kh)
	As at	As at
Particulars	September 30 2023	March 31, 2023
	Unaudited	Audited
ASSETS
Non-current assets
Property, plant and equipment	3,222	3,433
Right to use assets	23	49
Intangible assets	4	5
Financial assets
Investments	1,225	1,216
Other financial assets Deferred tax assets (net)	303	943
Non-current tax assets (net)	48 410	53
Other non-current assets	762	401 742
Total non-current assets	5,997	6,842

Current assets
Inventories	1,017	1,174
Financial assets
Trade receivables	1,526	1,201
Cash and cash equivalents	698	802
Bank balances other than cash and cash equivalents	955	405
Loans	12	19
Other financial assets	522	374
Other current assets	238	376
Assets held for sale	205	205
Total current assets Total assets	5,173 11,170	4,556 11,398

EQUITY AND LIABILITIES	.'
Equity
Equity share capital	1,868	1,868
Other equity	(471 )	(372)
Total equity	1,397	1,496

Liabilities
Non-current liabilities
Financial liabilities
Lease liabilities	5	12
Other financial liabilities	2,905	2,817
Provisions	494	666
Total non- current liabilities	3,404	3,495
Current liabilities
Financial liabilities
Lease Liabilities	21	45
Trade payables
Dues to micro and small enterprises	14	23
Dues to others	308	330
Other financial liabilities	5,590	5,574
Other current liabilities	310	303
Provisions	96	96
Current tax liabilities (net)	30	36
Total current liabilities	6,369	6,407
Total equity and liabilities	11,170	11,398

~ ~.() l J-~ :."" -~~ ^~ ~~\ ., ~~REOp.l ~.,

4~TA&C~ 6.f- ~ ~:.:f...:/,rx·~, / ......(\,\, :...-. .:1 LYO\l,~ en ~€ ^~ III "t" .--.J r'.. ; Ii it .;,~ * ./ ",f/' .......... /f 0: CO; DEL \::f'/' .

DC M Limited

Consolidated Cash Flow Statement for the period ended September 30,2023

Particulars	For the period ended September 30,2023	For the period ended September 30, 2022
Cash flow from ope.rating activities
Profit/tl.oss) before taxation	(9)	722
Adjustments for:
Depreciation and amortisation expense	242	361
Profit on assets sold or discarded (net)	(0)	(6)
Income from sale of rights in flats	(2)	(41)
Liabilities no longer required written back	(46)	(835)
Dividend income
Interest income	(45)	(25)
Finance costs	100	120
Unrealised foreign exchange loss/(gain)	(4)
Share of (Profit)/Ioss in jointly controlled entity	(10)	(83)
Operating cash flow before working capital changes	226	212
Working capital changes
(Increase)/decrease in inventories	157	1
(lncrease)/decrease in trade receivables	(421)	249
(Increase)/decrease in loans and advances	6	(2)
(lncrease)/ decrease in other financial assets (lncrease)/decrease in other assets	(25) 141	339 (188)
Increase/ (decrease) in trade payables	(4)	(605)
Increase/(decrease) in provisions	( 140)	(130)
Increase/(decrease) in financial liabilities	16	2,217
in other liabilities Increase/rdecrease)	6	2
Cash (used in) / generated from operations	(38)	2,095
Income tax paid (net of refund)	(121)	(146)
Net cash generated from operating activities (A)	(159)	1,949
Cas" flolV frOI1l investing activities
Payment towards property, plant and equipment (including capital
advances)	(31)	(29)
Proceeds from disposal of Property, plant and equipment (including		12
advance received) Interest received on financial assets measured at amortised cost	5 19	15
Maturity of / (Investment in) bank deposits (net) not considered	as
cash and cash equivalents	91	(272)
(B) Net cas" (used ill) / generatedfrom investing activities	84	(274)
Cas" flolV frOIll finallcillg activities

Repayment of borrowings		(378)
Changes in working capital borrowings	(27)	(1,203) (25)
Payment towards lease liability Interest paid ( Including interest on lease liablity)	(2),	(180)
Net cas" used in financing activities (C)	(29)	(1,786)

Net cash flows [increase / (decrease)] during the year (A+B+C)	(104)	(III)
Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	802 698	828 717

Components of cash and cash equivalents
Cash on hand
Balances with scheduled banks:
- Current accounts	407	421
- Deposit accounts Cash and cash equivalents at the end of the year	290 698	295 717

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 Undertaking (referred as Engineering Division) of the Holding Company, situated at Village Asron, District Shaheed Bhagat Singh Nagar (Punjab), the management of the Engineering Division has recommended to declare a lockout. The 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 22,2019.

The said lockout was opposed by the workmen of said Engineering Division before the Labour Authorities and presently the matter remained sub-judice before the labour authorities. Based on the legal advice received by the Holding Company, the 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 September 30, 2023 of the workmen on roll as on September 30, 2023 aggregating to Rs. 6374 lakh out of which Rs. 244 lakh pertain to quarter ended on September 30, 2023.

1. Other income of the Holding Company includes income from Liabilities / Provision no longer required written back of amount Rs. Nil for the quarter ended September 30,2023 (Quarter ended June 30, 2023 Rs. 19 lakh, Quarter ended September 2022 Rs. 781 lakh)
1. The Holding Company is in process for developing its 68.35 acres of land situated in the revenue state of Village Bir Hisar, Sector-23, Hisar, Haryana (referred as Hisar land). The Holding Company has signed a joint development agreement in this regard on August 11, 2022 with a party which is subject to fulfilment of certain terms and conditions by the said party as well as receipt of regulatory approvals. In this connection, the Holding Company has received a license no.179 of 2022 in joint development with the said party on November 10,2022 in respect of67.275 acres of said Hisar land (referred as Project land) under Regulation of Urban Area Act, 1975 for setting up of affordable residential plotted c?lony under Deen Dayal Jan Awas Yojana-20 16 (referred as Project).

The Director General, Town and Country Planning, Haryana has suspended the said licensee no.179 of2022 during the month of April 2023 taking a note that an enquiry has been initiated against the Holding Company by Deputy Commissioner in respect of the Holding Company's land at Hisar.

Under the said suspension order, the licensee is directed not to carry out any development work in the Colony and also not to create another third party rights unless the said suspension is revoked. The Holding Company is taking appropriate action in the matter for the revocation of said suspension order.

As per the legal advice received by the Holding Company, there are merits in the said matter of revocation of suspension of license. The Holding Company management holds the view that the said suspension order of license no.179 of 2022 is likely to be revoked soon, however, the same remained pending as on date of approval of these unaudited results.

Pending revocation of suspension of license no.179 of 2022 by Director General, Town and Country Planning, Haryana, (refer note 5 above), the advance of Rs. 5,000 lakh received under JDA in Holding Company has been shown under the current liabilities. Pursuant to above, the current liabilities of the Group including the said advance of Rs. 5,000 lakh under JDA, exceed the current assets by Rs. 1,196 lakh as at September 30,2023.

The Holding Company management believes that with the revocation of said suspension order of license no.179 of2022 and infusion of liquidity by focusing /managing of its real estate operation and/or the Holding Company's plans of restructuring of its Engineering Business Undertaking as well as other interim measures to improve liquidity, the Holding Company will be able to continue its operation for the foreseeable future.

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

1. 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 related to Holding Company, deferred tax asset have not been considered in the financial results.
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		Quarter ended			Six months ended
	September 30,2023	June 30, 2023	September 30,2022	September 30,2023	September 30,2022	March 31,2023
Revenue from operations	74	139	-	213	-	6
Profit/(Ioss) before tax	(277)	(164)	499	(441)	159	(616)
Profit/(Ioss) after tax	(277)	(164)	499	(441)	159	(616)
Total comprehensive income	(261)	(148)	518	(409)	197	(552)
Profit before interest, depreciation and tax (EBIDT)	(132)	(3)	615	(135)	602	226
Cash profit! (loss)	(181)	(52)	656	(233)	486	IS

The unaudited consolidated financial results for the quarter ended September 30, 2023, unaudited consolidated financial results for the quarter ended June 30, 2023 and audited consolidated financial results for the year ended March 31, 2023 have been prepared by the Group in accordance with the requirements of Ind AS 110 "Consolidated Financial Statements", Ind AS 111 "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 unaudited 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 Landmark Estates Limited (Formerly known as DCM Textiles Limited), DCM Engineering Limited (Formerly known as OCM Tools & Dies Limited), OCM Realty and Infrastructure Limited and OCM Engineering Products Education Society (a trust treated as subsidiary for consolidation purpose) have been consolidated. Financial statements of 5 out of above 6 have been reviewed by their respective statutory auditors.

1. The figures for the previous periods have been regrouped / rearranged wherever necessary.
1. Amount mentioned as '0' in the financial results is below rounding off threshold adopted by the Company. Adding the individual figures may therefore not always result in exact total given.
1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on November 08, 2023. 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 consolidated results, visit Company's website www.dcm.in and Financial Results under Corporates section ofwww.nseindia.com and www.bseindia.com.

For and on behalf of the Board of Directors

-----:0_ () ,. ri ~ ( ---L.::

Managing Director

DIN: 00272930

Jitendra Tuli

Place: Delhi Date: November 08,2023

AI assistant

DCM Ltd. Regulatory Filings 2023

61500_rns_2023-11-08_6830c9f8-0189-4925-be94-078076c141f8.pdf

ISIN: INE498A01018

Subject: Unaudited Financial Results (Standalone and Consolidated) of Company for 2nd quarter and half year ended September 30, 2023 pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.