GPT Infraprojects limited

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Regd. Office : GPT Centre, JC-25, Sector-III, Salt Lake, Kolkata – 700 106, India CIN: L20103WB1980PLC032872 Tel: +91-33-4050-7000 Fax: +91-33-4050-7999 Email: [email protected] Visit us: www.gptgroup.co.in

GPTINFRA/CS/SE/2020-21 June 20, 2020

The Department of Corporate Services, National Stock Exchange of India Ltd.,

BSE Limited, Exchange Plaza,

Phiroze Jeejeebhoy Towers, Plot no. C/1, G Block,

Dalal Street Bandra-Kurla Complex, Bandra (E), Mumbai – 400001 Mumbai - 400 051

Dear Sir/Madam,

Sub: Outcome of Board Meeting held on 20[th] June,2020 through Video Conferencing from the Registered Office of – the Company at GPT Center, JC 25, Sector III, Salt Lake, Kolkata 700 016, West Bengal, India

Pursuant to Regulation 30,33 and 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Board of Directors of the Company at their meeting held today i.e.20[th] June, 2020, has:-

Approved the Audited Financial Results (Standalone & Consolidated) as per Indian Accounting Standard (IND-AS) along with Auditors Report thereon for the 4[th] Quarter and year ended on 31[st] March, 2020.
Recommended dividend @ 15% (i.e. Rs. 1.50/- per Share) on the equity shares of the Company subject to the approval of Shareholders at the ensuing Annual General Meeting.
Recommended the Shareholders for passing of the following resolutions at the ensuing Annual General Meeting:-
a. Reappointment of Mr. Shankar Jyoti Deb, as Independent Director for asecond term of five (5) consecutive years.
b. Payment of Commission to Mr. Dwarika Prasad Tantia, Non -Executive Chairman of the Company.
Approved the reappointments of Mr. Ashok Kumar Daga as the Secretarial Auditors and M/s. S. K. Sahu & Associates as the Cost Auditors of the Company for the financial year 2020-21.
Decided to convene the 40[th] Annual General Meeting on Friday, 21[st] August, 2020 through Video Conferencing (VC) /Other Audio Visual Means (OAVM).
Approved the closure of Register of Members and Share Transfer Book of the Company from Saturday, 15[th ] August, 2020 to Friday, 21[st] August, 2020 (both days inclusive) for the purpose of payment of dividend and Annual General Meeting.The dividend, if declared by the members at the AGM, shall be paid, subject to deduction of tax at source, within statutory time limit to those members whose names appear on the Register of Members of the Company as at the end of the business hours on Friday,14[th] August, 2020.

A copy of aforesaid financial results along with Auditors Reportand Statement of Impact of Audit Qualifications with modified opinion as per Regulation 33 of SEBI (LODR) Regulations, 2015 is enclosed herewith for your record and reference.The said results will be uploaded on the website of the company atwww.gptinfra.in. Brief profile and other details of Director and Auditors seeking reappointment is enclosed herewith as Annexure –A.

The Board Meeting concluded at 09.20 P.M.

Thanking you,

Yours faithfully,

For GPT Infraprojects Limited,

Digitally signed by ANATHA BANDHABA CHAKRABARTTY DN: c=IN, st=West Bengal,

ANATHA BANDHABA 2.5.4.20=2d6a5d268d3bccd1e74b5cc9f6f7ce7fd17e8358ff6dedb259dd3ae82fc89641, postalCode=700089, street=wb, serialNumber=a9548141cc05141b327d19492de8b009f621700 CHAKRABARTTY e96b84d579d59abbf6e18b991, o=Personal, cn=ANATHA BANDHABA CHAKRABARTTY Date: 2020.06.20 21:30:36 +05'30'

A B Chakrabartty (Company Secretary-F7184)

Annexure –“A”

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Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015

Sl. No	Particulars	Mr. Shankar Jyoti Deb (DIN: 07075207)	Mr. Ashok Kumar Daga, Practicing Company Secretary	M/s. S.K.Sahu& Associates, Cost Accountants
1	Reason for change viz. appointment, resignation, removal, death or otherwise.	Proposed to be reappointed as Non-Executive Independent Director of the Companyfor second term of five (5) consecutive years, subject to approval of shareholders at the ensuing Annual General Meeting.	Proposed to be reappointed as Secretarial Auditor for the financial year 2020-21.	Proposed to be reappointed as Cost Auditor for the financial year 2020-21.
2	Date of appointment/cessation (as applicable) & term of appointment.	He would hold office from the conclusion of forthcoming 40thAnnual General Meeting till the Conclusion of 45thAnnual General Meeting of the Company.	Reappointed as Secretarial Auditors of the Company for the Financial year 2020-21.	Reappointed as Cost Auditors of the Company for the Financial year 2020-21.
3	Brief profile (in case of appointment)	Mr.Shankar Jyoti Deb aged about 69 years, is a B.E in Civil engineering. He is havingrich experience in the field ofDesign, engineering and implementation of several civil constructions projects.	Mr. Ashok Kumar Daga, a Practicing Company Secretary (Certificate of Practice Number 2948) is having more than 20 years of experience in the field of company secretarial matter.	M/s. S.K. Sahu& Associates, Cost Auditors , Membership No.28234 is having 15 years of Experience in the field of Cost Audit Matter.
4	Disclosure of relationships between directors (in case of appointment of a director).	None	None	None

Chartered Accountants Chartered Accountants Floor 4, Duckback House, 4[th] 41, Shakespeare Sarani 59B, Chowringhee Road Kolkata – 700 017, India Kolkata – 700 020, India

Independent Auditor’s Report on Quarterly Standalone Financial Results and Year to Date Standalone Financial Results pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015

To the Board of Directors of GPT Infraprojects Limited

Report on the Audit of Standalone Financial Results

Qualified Opinion

We have audited the accompanying standalone annual financial results of GPT Infraprojects Limited (hereinafter referred to as ‘the Company’) which includes twenty six (26) joint operations consolidated on proportionate basis for the quarter and year ended 31[st] March 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 (‘Listing Regulations’).

In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors (including the joint auditor) on separate audited financial statement of joint operations, except for the effects of the matter described in the Basis for Qualified Opinion paragraph below, the aforesaid Statement:

(i) include the annual financial results of the Joint operations listed in Attachment A.

(ii) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

(iii) give a true and fair view in conformity with the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 (“the Act”) read with Companies (Indian Accounting Standards) Rules, 2015, as amended, and other accounting principles generally accepted in India, of net profit and other comprehensive income and other financial information of the Company for the year ended 31[st] March 2020.

Basis for Qualified Opinion:

a) Our limited review report on the unaudited standalone financial results of the Company for the quarter ended December 31, 2019 was qualified in respect of the matters stated below:

The Company has recognized unbilled revenue, accrued price escalations and trade receivables aggregating to Rs. 2,535.13 lacs (net of derecognition of Rs. 2,374.37 lacs during the year ended March 31, 2020), on certain completed construction contracts, which are yet to be billed /realized by the Company and are outstanding for more than 3 years. Due to unavailability of sufficient appropriate

Chartered Accountants Chartered Accountants Floor 4, Duckback House, 4[th] 41, Shakespeare Sarani 59B, Chowringhee Road Kolkata – 700 017, India Kolkata – 700 020, India

audit evidence to corroborate management’s assessment of recoverability of the above said amounts, we are unable to comment on the recoverability and the current classification of the same. No provision with respect to the same is made in the books of account (Refer note 6(a) to the standalone financial results).

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics.

We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in “Other Matter” paragraph below, is sufficient and appropriate to provide a basis for our qualified opinion.

Emphasis of Matter

We draw attention to the following matters in the Notes to the standalone financial results:

a) Note 5(a) of the standalone financial results which states that there are uncertainty on recoverability of Company’s share of unbilled revenue, trade and other receivables aggregating to Rs. 2,013.99 lacs in respect of two joint operations, wherein the underlying projects have been completed and as represented to us, the management of such joint operations have initiated arbitration proceedings for recovery of dues.
b) Note 5(b) of the standalone financial results which states that a petition is filed by the customer in the Hon’ble High Court of Delhi against award of Rs. 6,120.32 lacs declared by Arbitration Tribunal in favour of a subsidiary of the Company and the consequent uncertainty on recoverability of net assets aggregating to Rs. 2,034.73 lacs as at March 31, 2020. The said award was in relation to an Engineering, Procurement and Construction contract received by the Company from its subsidiary in earlier year, whose execution was discontinued by the Company pursuant to termination of concession agreement between the subsidiary and its customer.
c) We draw attention to Note 5(c) to the standalone financial results, which states the management has made an assessment of the impact of COVID-19 on the Company's operations, financial performance and position as at and for the year ended March 31, 2020 and has concluded that

Chartered Accountants Chartered Accountants Floor 4, Duckback House, 4[th] 41, Shakespeare Sarani 59B, Chowringhee Road Kolkata – 700 017, India Kolkata – 700 020, India

there is no impact which is required to be recognised in the financial results. Further, the Company is closely monitoring the impact of COVID-19 on its operations, financial performance and position.

Our opinion is not modified in respect of these matters.

Board of Directors’ Responsibilities for the Standalone Financial Results

This Statement have been prepared on the basis of the standalone annual financial statements. The Company’s Board of Directors are responsible for the preparation and presentation of this Statement that give a true and fair view of the net profit and other comprehensive income and other financial information of the Company including its jointly operations in accordance with the Indian Accounting Standards prescribed under Section 133 of the Act read with Companies (Indian Accounting Standards) Rules, 2015, as amended issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the Company and joint operations are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and its joint operations and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Statement by the Directors of the Company, as aforesaid.

In preparing the Statement, the Board of Directors of the Company and its joint operations are responsible for assessing the ability of the Company and its joint operations to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors of the Company and joint operations are responsible for overseeing the financial reporting process of the Company and of its joint operations.

Auditor’s Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Statement.

Chartered Accountants Chartered Accountants Floor 4, Duckback House, 4[th] 41, Shakespeare Sarani 59B, Chowringhee Road Kolkata – 700 017, India Kolkata – 700 020, India

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance of the Company of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matters

We did not audit the financial statements and other financial information of Twenty six (26) joint opeartions included in the standalone financial statements of the Company whose financial statements and other financial information reflect Company’s share of total assets of Rs. 8,807.97

Chartered Accountants Chartered Accountants Floor 4, Duckback House, 4[th] 41, Shakespeare Sarani 59B, Chowringhee Road Kolkata – 700 017, India Kolkata – 700 020, India

lacs as at 31st March 2020, Company’s share of total revenue of Rs. 8,577.80 lacs and Rs. 20,968.88 lacs and Company’s share of total net profit Rs. 405.92 lacs and Rs. 1,090.09 lacs, Company’s share of total comprehensive income Rs. 405.92 lacs and Rs. 1090.09 lacs for the year quarter and year ended March 31, 2020 respectively and the Company’s share in net cash flow of Rs. (347.35) lacs for the year ended March 31, 2020, as considered in the statement. The financial statements and other financial information of these joint operations have been audited by the other auditors (including one of the joint auditors of the Company, SN Khetan & Associates) whose reports have been furnished to us, and our opinion in so far as it relates to the amounts and disclosures included in respect of these joint operations, is based solely on the report of such auditors.

The standalone Ind AS financial statements of the Company for the year ended 31[st] March, 2019, were audited by another auditor. They had qualified their report dated 29[th] May, 2019 with respect to matter reported in basis of qualification paragraph.

Our opinion is not modified in respect of the above matters.

The Statement include the results for the quarter ended 31[st] March 2020 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” which were subject to limited review by us.

For MSKA & Associates For SN KHETAN & ASSOCIATES Chartered Accountants Chartered Accountants ICAI Firm Registration Number: 105047W ICAI Firm Registration Number: 325653E

PUNEET AGARWAL Digitally signed by PUNEET AGARWAL DN: c=IN, o=MSKA AND ASSOCIATES, ou=AUDIT, 2.5.4.20=7a16023be984dbd80efaeb236bff66eb99696c7e39b4d14fe3577602a020ab32, postalCode=700017, st=WEST BENGAL, 2.5.4.45=03410034356635376632653538326633663562643438346235633736666564363736316161313638353962306164396561613232343233333731376565343964366264, serialNumber=aa86dc5a5ae3bd94423d787cf4ab9221cb9dc569b465091d2a780e1be2a2b7be, cn=PUNEET AGARWAL Date: 2020.06.20 20:41:12 +05'30' SANJAY KUMAR Digitally signed by SANJAY KUMAR KHETAN Date: 2020.06.20 KHETAN 20:51:52 +05'30'

Puneet Agarwal Sanjay Kumar Khetan Partner Partner Membership No.: 064824 Membership No.: 058510 UDIN: 20064824AAAADJ2908 UDIN:20058510AAAAAF1463 Place: Kolkata Place: Kolkata Date: June 20, 2020 Date: June 20, 2020

Chartered Accountants Chartered Accountants Floor 4, Duckback House, 4[th] 41, Shakespeare Sarani 59B, Chowringhee Road Kolkata – 700 017, India Kolkata – 700 020, India

Attachment A: List of Joint Operations

Sr. No	Name of Joint Operations
1	GPT - GVV(JV)
2	GPT - MADHAVA(JV)
4	GPT - GEO - UTS(JV)
5	GPT Infrastructure Pvt Ltd & Universal Construction Co.(JV)
6	GPT - TRIBENI(JV)
10	GPT - CVCC - SLDN(JV)
11	GEO Foundation & Structure Pvt Ltd & GPT Infraprojects Ltd(JV)
12	GPT - RANHILL(JV)
13	JMC - GPT(JV)
10	GPT - SMC(JV)
11	GPT - RAHEE(JV)
12	PREMCO - GPT(JV)
13	RAHEE - GPT(JV)
14	RAHEE - GPT IB(JV)
15	GPT - BHARTIA(JV)
16	GPT-BALAJI-RAWATS(JV)
17	HARI-GPT(JV)
18	GPT-SKY(JV)
19	GPT-GEO(JV)_Cochin
20	G R(JV)
21	GPT-ABCI(JV)
22	GPT-SSPL(JV)
23	GPT-BALAJI(JV)
24	GPT-ISC Projects(JV)
25	GPT-MBPL(JV)
26	NCDC-GPT(JV)

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GPT INFRAPROJECTS LIMITED

Registered Office : GPT Centre, JC - 25, Sector - III, Salt Lake, Kolkata - 700 098 CIN - L20103WB1980PLC032872, Website - gptinfra.in, Email: [email protected] Phone - 033 - 4050 7000, Fax - 033 - 4050 7399

STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2020

||(**in lacs)**|**(**in lacs)|(**in lacs)**|**(**in lacs)|(**in lacs)**| |---|---|---|---|---|---| |**P a r t i c u l a r s**|**Quarter Ended**|||**Year Ended**|| ||**31.03.2020**|**31.12.2019**|**31.03.2019**|**31.03.2020**|**31.03.2019**| ||**Audited** **(Refer Note** **8)**|**Unaudited**|**Audited** **(Refer Note** **8)**|**Audited**|**Audited**| |**Income from operations** Revenue from operations Other Income **Total revenue (I)** **Expenses** Cost of materials consumed - Raw Materials - Materials for construction / other contracts Payment to sub-contractors Purchase of stock - in - trade Employee benefits expense Finance costs Depreciation and amortisation expense **Total expenses (II)** **Profit before taxes (III)** **Tax expenses / (credits)** Deferred tax expense / (credit) **Total tax expenses / (credit) (IV)** **Profit for the period [(V) = (III) – (IV)]** **Total Comprehensive Income [(VII) = (V) + (VI)]** **Paid -up equity share capital of face value of**10/- each
Other equity
Basic and Diluted (Not Annualised)
Changes in inventories of finished goods, stock-in-trade and
work-in-progress
Other expenses
Earnings per equity share (nominal value of`10/- each )
Other Comprehensive Income / (loss) not to be reclassified to
profit or loss in subsequent periods (net of tax) (VI)
Current tax (Net of MAT credit) (including income tax for
earlier years)|18,208.54
99.76|14,834.05
194.61|16,505.88
632.94|59,529.20
486.07|52,127.47
2,036.42|
||18,308.30|15,028.66|17,138.82|60,015.27|54,163.89|
||1,174.69
2,741.58
9,811.46
-
(637.92)
869.50
887.08
449.99
2,129.30|859.51
2,962.67
6,529.58
-
(55.03)
743.00
1,000.66
451.71
1,951.42|1,097.23
3,446.10
8,051.50
(55.58)
264.44
873.69
1,039.28
439.05
1,829.08|5,034.68
10,956.97
25,523.26
-
(642.42)
3,450.20
4,006.83
1,799.00
7,332.85|4,650.80
10,339.29
21,669.51
10.75
667.72
3,695.56
4,021.56
1,746.29
6,451.63|
||17,425.68|14,443.52|16,984.79|57,461.37|53,253.11|
||882.62|585.14|154.03|2,553.90|910.78|
||346.31
(3.06)|173.23
(47.16)|148.91
(337.99)|815.74
35.77|594.46
(522.62)|
||343.25|126.07|(189.08)|851.51|71.84|
||539.37
7.81|459.07
-|343.11
29.16|1,702.39
7.81|838.94
7.09|
||547.18|459.07|372.27|1,710.20|846.03|
||2,908.60|2,908.60|2,908.60|2,908.60|2,908.60|
|||||16,679.14|14,871.73|
||1.85|1.58|1.18|5.85|2.88|

PUNEET AGARWAL Digitally signed by PUNEET AGARWAL DN: c=IN, o=MSKA AND ASSOCIATES, ou=AUDIT, 2.5.4.20=7a16023be984dbd80efaeb236bff66eb99696c7e39b4d14fe3577602a020ab32, postalCode=700017, st=WEST BENGAL, 2.5.4.45=03410034356635376632653538326633663562643438346235633736666564363736316161313638353962306164396561613232343233333731376565343964366264, serialNumber=aa86dc5a5ae3bd94423d787cf4ab9221cb9dc569b465091d2a780e1be2a2b7be, cn=PUNEET AGARWAL Date: 2020.06.20 20:24:15 +05'30' SANJAY KUMAR Digitally signed by SANJAY KUMAR KHETAN Date: 2020.06.20 KHETAN 20:42:37 +05'30'

DWARIKA Digitally signed by DWARIKA PRASAD PRASAD TANTIA Date: 2020.06.20 TANTIA 19:39:31 +05'30'

Standalone Statement of Assets and Liabilities

( ` in lacs)

Standalone Statement of Assets and Liabilities		(`in lacs)
P a r t i c u l a r s	As at	As at
	31.03.2020	31.03.2019
	Audited	Audited
ASSETS A) NON-CURRENT ASSETS a) Property, plant and equipments b) Right of use assets c) Capital work-in-progress d) Other Intangible assets e) Contract assets f) Financial assets (i) Investments (ii) Investment in a Joint Venture (iii) Loans (iv) Trade receivables (v) Other financial assets g) Deferred tax assets (net) h) Other non current assets Total Non-Current Assets (A) B) CURRENT ASSETS a) Inventories b) Contract assets c) Financial assets (i) Trade receivables (ii) Cash and cash equivalents (iii) Bank balances other than (ii) above (iv) Loans (v) Other financial assets d) Other current assets Total Current Assets (B) Total Assets (A+B) EQUITY AND LIABILITIES C) EQUITY a) Equity share capital b) Other equity Total Equity (C) LIABILITIES D) NON-CURRENT LIABILITIES a) Contract liabilities b) Financial liabilities (i) Borrowings (ii) Trade payables (iii) Other financial liabilities c) Long term provisions Total Non-Current Liabilities (D) E) CURRENT LIABILITIES a) Contract liabilities b) Financial liabilities (i) Borrowings (ii) Trade payables (iii) Other financial liabilities c) Short term provisions d) Other current liabilities Total Current Liabilities (E) Total Liabilities (F = D+E) Total Equity and Liabilities(C+F) - Total outstanding dues of micro enterprises and small - Total outstanding dues of creditors other than micro - Total outstanding dues of micro enterprises and small - Total outstanding dues of creditors other than micro	7,697.21 747.58 121.81 25.76 2,112.70 1,622.89 2,415.39 5.11 71.46 84.98 355.17 2,870.11	8,736.54 - 255.70 16.84 2,690.60 1,622.89 2,493.00 24.55 680.51 896.61 440.02 3,713.98
	18,130.17	21,571.24
	7,415.17 23,202.07 9,272.87 143.59 2,713.33 167.88 2,451.65 4,290.93	5,836.11 22,588.14 5,338.31 483.32 2,257.69 148.63 2,741.74 2,863.71
	49,657.49	42,257.65
	67,787.66	63,828.89
	2,908.60 16,679.14	2,908.60 14,871.73
	19,587.74	17,780.33
	1,517.41 328.70 - 996.29 569.61 436.27	503.55 1,417.65 - 398.02 - 381.48
	3,848.28	2,700.70
	2,138.59 21,675.58 25.23 17,098.30 2,460.79 210.99 742.16	3,480.28 22,717.54 41.84 14,322.98 1,567.81 189.88 1,027.53
	44,351.64	43,347.86
	48,199.92	46,048.56
	67,787.66	63,828.89

Digitally signed by PUNEET AGARWAL DN: c=IN, o=MSKA AND ASSOCIATES, ou=AUDIT, 2.5.4.20=7a16023be984dbd80efaeb236bff66eb99696c7e39b PUNEET 4d14fe3577602a020ab32, postalCode=700017, st=WEST BENGAL, 2.5.4.45=034100343566353766326535383266336635626434 38346235633736666564363736316161313638353962306164 396561613232343233333731376565343964366264, serialNumber=aa86dc5a5ae3bd94423d787cf4ab9221cb9dc5 AGARWAL 69b465091d2a780e1be2a2b7be, cn=PUNEET AGARWAL Date: 2020.06.20 20:25:41 +05'30'

SANJAY Digitally signed by SANJAY KUMAR KUMAR KHETAN KHETAN Date: 2020.06.20 20:43:17 +05'30'

DWARIKA Digitally signed by DWARIKA PRASAD PRASAD TANTIA Date: 2020.06.20 TANTIA 19:39:48 +05'30'

GPT Infraprojects Limited

CIN - L20103WB1980PLC032872

Standalone Cash Flow Statement for the year ended March 31, 2020.

GPT Infraprojects Limited CIN - L20103WB1980PLC032872 Standalone Cash Flow Statement for the year ended March 31, 2020.
	(`in lacs)
Particulars	2019 - 20	2018 - 19
A. Cash Flow from Operating Activities Profit before tax Adjustment for : Depreciation & amortization expenses Impairment of investment in a joint venture (Gain) / Loss on sale / discard of fixed assets (net) Interest income on deposits from Banks / loans, advances etc. (Gross) Dividend income on investment in subsidiary / joint venture company Gain on buyback of investments Unspent liabilities / provisions no longer required written back Expected credit loss Reversal of expected credit loss Interest Income on financial assets carried at amortized cost Loss / (gain) on foreign exchange fluctuations Interest Expenses Operating Profit before working capital changes (Increase) / Decrease in Contract Assets (Increase) in Trade Receivables (Increase) in Other Financial Assets Decrease in Other Assets (Increase) / Decrease in Inventories Increase / (Decrease) in Contract Liabilities Increase in Trade Payables Increase / (Decrease) in Current Financial Liabilities Increase / (Decrease) in Other Liabilities (including deferred tax liabilities) Increase in Provisions Cash Generated from operations Taxes paid (net of tax refund) Net Cash flow from Operating Activities (A) B. Cash Flow from Investing Activities Loans given to Bodies Corporate and employees Refund of loans given to Bodies Corporate and employees Purchase of property, plant and equipment and intangible assets (including capital work in progress) Proceeds from sale of property, plant and equipments Proceeds from buyback of shares by a subsidiary Interest received Dividend received Investment in margin money deposits Proceeds from maturity of margin money deposits Net Cash from (used in) Investing Activities (B) C. Cash flow from Financing Activities Long Term Borrowings received Long Term Borrowings repaid Proceeds from (repayment of) Cash Credit (Net) Proceeds from short term borrowings Repayment of short term borrowings Dividend paid Interest paid Net Cash used in Financing Activities (C) Net Increase in Cash and Cash Equivalents (A+B+C) Effect of exchange differences on cash & cash equivalents held in foreign currency Cash and cash equivalents - Opening Balance Cash and cash equivalents-Closing Balance	2,553.90 1,799.00 77.61 0.64 (265.16) - (34.01) (142.61) 420.00 - - (3.95) 4,006.83	910.78 1,746.29 - (6.57) (208.50) (877.94) (105.79) (356.42) 6.98 (12.60) (363.53) (19.87) 4,021.56
	8,412.25 (36.03) (3,737.37) 537.16 (821.76) (1,579.06) (327.83) 3,447.81 726.75 (142.12) 87.62	4,734.39 (1,560.60) (224.47) (231.21) 219.56 1,039.87 (2,542.64) 2,845.16 (17.09) 453.99 77.77
	(1,844.83)	60.34
	6,567.42 (536.94)	4,794.73 (1,012.99)
	6,030.48	3,781.74
	- 0.19 (1,436.74) 12.95 29.83 230.52 - (697.57) 841.12	(2.41) 50.00 (735.17) 14.46 160.81 252.41 1,047.18 (757.65) 667.13
	(1,019.70)	696.76
	1,153.80 (1,643.98) (8,232.37) 9,397.69 (2,207.28) - (3,818.37)	1,729.17 (922.47) 3,444.03 3,559.62 (7,407.81) (581.40) (4,000.10)
	(5,350.51)	(4,178.96)
	(339.73) - 483.32	299.54 0.22 183.56
	143.59	483.32
Notes: Cash and cash equivalents: Balances with banks: - On current accounts - On unpaid dividend account Cash on hand Cash and cash equivalents as at the close of the year The Company can utilise these balances only towards settlement of the respective unpaid dividend.	109.05 0.44 34.10	453.92 0.34 29.06
	143.59	483.32

DWARIKA Digitally signed by DWARIKA PRASAD PRASAD TANTIA Date: 2020.06.20 TANTIA 19:40:01 +05'30'

SANJAY Digitally signed by SANJAY Digitally signed by PUNEET AGARWAL DN: c=IN, o=MSKA AND ASSOCIATES, ou=AUDIT, 2.5.4.20=7a16023be984dbd80efaeb236bff66eb99696c7e39b4d14fe3577602a020ab32, postalCode=700017, st=WEST BENGAL, 2.5.4.45=03410034356635376632653538326633663562643438346235633736666564363736316161313638353962306164396561613232343233333731376565343964366264, serialNumber=aa86dc5a5ae3bd94423d787cf4ab9221cb9dc569b465091d2a780e1be2a2b7be, cn=PUNEET AGARWAL Date: 2020.06.20 20:27:09 +05'30' KUMAR KHETAN KUMAR KHETAN Date: 2020.06.20 20:43:49 +05'30'

PUNEET AGARWAL

Standalone Segment Revenue, Results, Assets & Liabilities

Standalone Segment Revenue, Results, Assets & Liabilities
	(`in lacs)
P a r t i c u l a r s	Quarter Ended			Year Ended
	31.03.2020	31.12.2019	31.03.2019	31.03.2020	31.03.2019
	Audited (Refer Note 8)	Unaudited	Audited (Refer Note 8)	Audited	Audited
1 Segment Revenue (a) Infrastructure (b) Concrete Sleeper (c) Unallocated Total Less: Inter - Segment Revenue Revenue from operations 2 Segment Results Profit / (Loss) Before Taxes & Finance Costs (a) Infrastructure (b) Concrete Sleeper Total Less: Unallocated expenditure net of Income Less: Finance Costs Total Profit Before Taxes 3 Segment Assets (a) Infrastructure (b) Concrete Sleeper (c) Unallocated Total 4 Segment Liabilities (a) Infrastructure (b) Concrete Sleeper (c) Unallocated Total	16,844.22 1,364.32 -	13,542.19 1,291.86 -	14,563.46 1,934.23 8.19	52,254.02 7,258.95 16.23	44,197.61 7,862.85 67.01
	18,208.54 -	14,834.05 -	16,505.88 -	59,529.20 -	52,127.47 -
	18,208.54	14,834.05	16,505.88	59,529.20	52,127.47
	2,033.18 51.33	2,061.67 (360.93)	1,341.57 (33.30)	7,437.36 (26.54)	5,143.30 (156.73)
	2,084.51 314.81	1,700.74 114.94	1,308.27 114.96	7,410.82 850.09	4,986.57 54.23
	1,769.70 887.08	1,585.80 1,000.66	1,193.31 1,039.28	6,560.73 4,006.83	4,932.34 4,021.56
	882.62	585.14	154.03	2,553.90	910.78
	47,939.54 9,060.20 10,787.92	45,900.67 8,264.54 10,806.26	46,802.52 6,902.35 10,124.02	47,939.54 9,060.20 10,787.92	46,802.52 6,902.35 10,124.02
	67,787.66	64,971.47	63,828.89	67,787.66	63,828.89
	20,558.28 2,519.43 25,122.21	17,892.95 2,286.19 25,751.77	18,093.00 2,130.72 25,824.84	20,558.28 2,519.43 25,122.21	18,093.00 2,130.72 25,824.84
	48,199.92	45,930.91	46,048.56	48,199.92	46,048.56

PUNEET AGARWAL Digitally signed by PUNEET AGARWAL DN: c=IN, o=MSKA AND ASSOCIATES, ou=AUDIT, 2.5.4.20=7a16023be984dbd80efaeb236bff66eb99696c7e39b4d14fe3577602a020ab32, postalCode=700017, st=WEST BENGAL, 2.5.4.45=03410034356635376632653538326633663562643438346235633736666564363736316161313638353962306164396561613232343233333731376565343964366264, serialNumber=aa86dc5a5ae3bd94423d787cf4ab9221cb9dc569b465091d2a780e1be2a2b7be, cn=PUNEET AGARWAL Date: 2020.06.20 20:28:46 +05'30' SANJAY KUMAR Digitally signed by SANJAY KUMAR KHETAN Date: 2020.06.20 KHETAN 20:44:08 +05'30'

DWARIKA Digitally signed by DWARIKA PRASAD PRASAD TANTIA Date: 2020.06.20 TANTIA 19:40:37 +05'30'

1 The above audited standalone financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on June 20, 2020. The said results have also been reviewed by the statutory auditors of the Company. The financial results for the quarter and year ended March 31, 2019 were subjected to limited review and audit respectively by another joint audit firm.
2 The Board has recommended dividend of 15.00 % i.e. ` 1.50 per equity share for the year ended 31st March 2020, subject to approval of the shareholders.
3 The above standalone results are also available on the Company's website www.gptinfra.in and on the stock exchange websites (www.bseindia.com.and www.nseindia.com).
4 The Company is currently focused on Two Operating Segments : Infrastructure and Concrete Sleeper. The Operating Segments have been reported in the manner consistent with internal reporting provided to the Chief Operating Decision Maker.
5 The statutory auditors of the Company have drawn emphasis of matter in their audit report regarding;
(a) Uncertainty of recovery of Company’s share of unbilled revenue, trade and other receivables aggregating ` 2,013.99 lacs in respect of two joint operations, wherein the underlying projects were completed in a prior year and the management of the joint operations have initiated arbitration proceedings for recovery of aforesaid receivables. The Management believes that the outcome of arbitration will be favourable to the Joint Operations and hence no provision is considered necessary in these financial results.
(b) During previous year, the Arbitration Tribunal had awarded a sum of 6,120.32 lacs in favour of Jogbani Highway Private Limited (the subsidiary) under a BOT contract awarded by National Highway of India (the Customer). The subsidiary had subcontracted aforesaid BOT contract to the Company.The customer has filed petition in Hon’ble High Court of Delhi against the award declared by Arbitration Tribunal in favour of the subsidiary. The Hon'ble High Court of Delhi has granted liberty to the subsidiary to withdraw the amount of 3,000.00 lacs deposited by the customer against submission of a suitable security. The management believes that the outcome of the petition would be in favour of the subsidiary, and hence no provision has been considered necessary in these financial results towards recoverability of net assets of ` 2,034.73 lacs.
(c) The CoVID-19 pandemic has severely disrupted business operations due to the lockdown and other emergency measures imposed by the Government of India and various State Governments. The operations of the Company were impacted due to the shutdown of projects, factories and offices following nationwide lockdown and also lockdown in the operations of its subsidiary / associate in South Africa and Namibia. The Company has restarted its operations in a phased manner in line with the directives from the various authorities from time to time. The Company has evaluated the impact of the pandemic on its business operations, liquidity, internal financial reporting and control and financial position and based on the management’s review of the current indicators and economic conditions, there is no material impact on its financial results as at March 31, 2020. The assessment of impact of CoVID -19 is a continuing process given the uncertainties associated with the nature and duration of the pandemic and accordingly the impact may vary from the estimates as on the date of the approval of these financial results. The Company will continuously monitor any material changes to future economic conditions and business of the Company.
6 Attention is invited to the following:
(a) In earlier years, the Company has completed execution of certain construction contracts under the terms of agreements with customers. Unbilled revenue, accrued price escalation and trade receivables aggregating 2,535.13 lacs (March 31, 2019 : 4,909.50 lacs) are yet to be received by the Company in respect of such contracts due to paucity of funds available with those customers. The statutory auditors of the Company have modified their audit report in this regard. Based on regular follow ups with those customers, management is confident that the aforesaid amount is fully recoverable.
7 The Company has adopted Ind AS 116 "Leases" effective from April 01, 2019 in using the modified retrospective method. The adoption of standard did not have any material impact on the profit of the current quarter and year ended March 31, 2020.
8 The figures of the last quarters ended March 31, 2020 and March 31, 2019 are the balancing figures between audited figures in respect of the full financial years and the unaudited published year-to-date figures up to Dec 31 for respective years which were subjected to limited review.
9 There were no items in the nature of exceptional / discontinued operations during the respective periods/years reported above.
10 Previous period's /year's figures have been regrouped / rearranged wherever considered necessary to conform to the current period's/year's classification.

For and on behalf of Board of Directors

PUNEET AGARWAL Digitally signed by PUNEET AGARWAL DN: c=IN, o=MSKA AND ASSOCIATES, ou=AUDIT, 2.5.4.20=7a16023be984dbd80efaeb236bff66eb99696c7e39b4d14fe3577602a020ab32, postalCode=700017, st=WEST BENGAL, 2.5.4.45=03410034356635376632653538326633663562643438346235633736666564363736316161313638353962306164396561613232343233333731376565343964366264, serialNumber=aa86dc5a5ae3bd94423d787cf4ab9221cb9dc569b465091d2a780e1be2a2b7be, cn=PUNEET AGARWAL Date: 2020.06.20 20:31:06 +05'30' SANJAY KUMAR KHETAN Digitally signed by SANJAY KUMAR KHETAN Date: 2020.06.20 20:44:31 +05'30' D. P. Tantia DWARIKA PRASAD TANTIA Digitally signed by DWARIKA PRASAD TANTIA Date: 2020.06.20 19:40:52 +05'30' Chairman Place : Kolkata DIN - 00001341 Date : June 20, 2020

Chartered Accountants Chartered Accountants Floor 4, Duckback House, 4[th] 41, Shakespeare Sarani 59B, Chowringhee Road Kolkata – 700 017, India Kolkata – 700 020, India

Independent Auditor’s Report on Quarterly Consolidated Financial Results and Year to Date Consolidated Financial Results pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015

To the Board of Directors of GPT Infraprojects Limited

Report on the Audit of Consolidated Financial Results

Qualified Opinion

We have audited the accompanying consolidated annual financial results of GPT Infraprojects Limited (hereinafter referred to as the ‘Holding Company’) and its subsidiaries (Holding Company and its subsidiaries together referred to as “the Group”), its Twenty six (26) joint operations and a joint venture for the quarter and year ended 31[st] March 2020, (‘the Statement’) attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’).

In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors (including joint auditor) on separate audited financial statements of the subsidiaries, joint operations and joint venture, except for the effects of the matter described in the Basis for Qualified Opinion paragraph below, the aforesaid Statement:

(i) include the annual financial results of the subsidiaries, a joint venture and Joint operations listed in Attachment A

(ii) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

(iii) give a true and fair view in conformity with the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 (“the Act”) read with Companies (Indian Accounting Standards) Rules, 2015, as amended and other accounting principles generally accepted in India, of net profit and other comprehensive income and other financial information of the Group for the year ended 31[st] March 2020.

Basis for Qualified Opinion

a) Our limited review report on the unaudited consolidated financial results of the group for the quarter ended December 31, 2019 was qualified in respect of the matters stated below:

The Company has recognised unbilled revenue, accrued price escalations and trade receivables aggregating to Rs. 2,535.13 lacs (net of derecognition of Rs. 2,374.37 lacs during the year ended March 31, 2020), on certain completed construction contracts, which are yet to be billed /realized by the

Chartered Accountants Chartered Accountants Floor 4, Duckback House, 4[th] 41, Shakespeare Sarani 59B, Chowringhee Road Kolkata – 700 017, India Kolkata – 700 020, India

Company and are outstanding for more than 3 years. Due to unavailability of sufficient appropriate audit evidence to corroborate management’s assessment of recoverability of the above said amounts, we are unable to comment on the recoverability and current classification of the same. No provision with respect to the same is made in the books of account (Refer note 6(a) to the consolidated financial results).

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group, its joint operations and a joint venture in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics.

Emphasis of Matter

We draw attention to the following matters in the Notes to the consolidated financial results:

a) Note 5(a) of the consolidated financial results which states that there are uncertainty on recoverability of Group’s share of unbilled revenue, trade and other receivables aggregating to Rs. 2,013.99 lacs in respect of two joint operations, wherein the underlying projects have been completed and as represented to us, the management of such joint operations have initiated arbitration proceedings for recovery of dues.
b) Note 5(b) of the consolidated financial results which states that a petition is filed by the customer in the Hon’ble High Court of Delhi against award of Rs. 6,120.32 lacs declared by Arbitration Tribunal in favour of a subsidiary of the Group and the consequent uncertainty on recoverability of net assets aggregating to Rs. 1,780.85 lacs as at March 31, 2020. The said award was in relation to an Engineering, Procurement and Construction contract received by the Group from its subsidiary in earlier year, whose execution was discontinued by the Group pursuant to termination of concession agreement between the subsidiary and its customer.
c) We draw attention to Note 5(c) to the consolidated financial results, which states the management has made an assessment of the impact of COVID-19 on the group's operations, financial performance and position as at and for the year ended March 31, 2020 and has concluded that there is no impact which is required to be recognised in the financial results. Further, the Company is closely monitoring the impact of COVID-19 on its operations, financial performance and position.

Our opinion is not modified in respect of these matters.

Chartered Accountants Chartered Accountants Floor 4, Duckback House, 4[th] 41, Shakespeare Sarani 59B, Chowringhee Road Kolkata – 700 017, India Kolkata – 700 020, India

Board of Directors’ Responsibilities for the Consolidated Financial Results

These Statement have been prepared on the basis of the consolidated annual financial statements. The Holding Company’s Board of Directors are responsible for the preparation and presentation of this Statement that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group including its joint operations, and jointly ventures in accordance with the Indian Accounting Standards prescribed under Section 133 of the Act read with Companies (Indian Accounting Standards) Rules, 2015, as amended and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group, of its joint operations and a joint venture are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group its joint operations and a joint venture and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Statement by the Directors of the Holding Company, as aforesaid.

In preparing the Statement, the respective Board of Directors of the companies included in the Group and of its joint operations and a joint venture are responsible for assessing the ability of the Group and its joint operations and a joint venture to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the companies included in the Group and of its joint operations and a joint venture are responsible for overseeing the financial reporting process of the Group and of its joint operations and a joint venture.

Auditor’s Responsibilities for the Audit of the Consolidated Financial Results

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Chartered Accountants Chartered Accountants

Kolkata – 700 017, India Kolkata – 700 020, India

Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associates and jointly controlled entities to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group and its joint venture to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial results and financial information of the entities within the Group and its joint venture to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Statement of which we are the independent auditors. For the other entities included in the Statement, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

We communicate with those charged with governance of the Holding Company and such other entities included in the Statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Chartered Accountants Chartered Accountants Floor 4, Duckback House, 4[th] 41, Shakespeare Sarani 59B, Chowringhee Road Kolkata – 700 017, India Kolkata – 700 020, India

Other Matters

The Statement include the audited Financial Results of four (4) subsidiaries, whose Financial Statements reflect total assets of Rs. 10,586.87 lacs as at 31[st] March 2020, total revenue of Rs. 517.11 lacs and Rs. 2,272.25 lacs, total net profit after tax of Rs. (595.59) lacs and Rs. (366.12) lacs, total comprehensive income Rs. (595.59) lacs and Rs. (366.12) lacs for the quarter ended and year ended on 31[st] March 2020, respectively and net cash flow of Rs. 104.01 lacs for the year ended March 31, 2020, as considered in the Statement, which have been audited by their respective independent auditors. The consolidated financial results also include the Group’s share of net profit of Rs. (8.07) lacs and Rs. (19.56) lacs and Group’s share of total comprehensive income of Rs. (8.07) lacs and Rs. (19.56) lacs for the quarter and year ended 31st March, 2020 respectively, as considered in the statement, in respect of a joint venture, whose financial statement and other financial information have been audited by other independent auditor. The independent auditors’ reports on financial statements of these entities have been furnished to us and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these entities, is based solely on the report of such auditors and the procedures performed by us are as stated in paragraph above.

Certain of these subsidiaries and a joint venture are located outside India whose financial statements and other financial information have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been audited by other auditors under generally accepted auditing standards applicable in their respective countries. The Holding Company’s management has converted the financial statements of such subsidiaries and a joint venture located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have audited these conversion adjustments made by the Holding Company’s management. Our opinion in so far as it relates to the balances and affairs of such subsidiaries and a joint venture located outside India is based on the report of other auditors and the conversion adjustments prepared by the management of the Holding Company and audited by us.

We did not audit the financial statements and financial information of Twenty six (26) joint operations, whose financial statements and financial information reflect Group’s share of total assets of Rs. 8,807.97 lacs as at 31st March 2020, Group’s share of total revenue of Rs. 8,577.80 lacs and Rs. 20,968.88 lacs and Group’s share of total net profit Rs. 405.92 lacs, Rs. 1,090.09 lacs and Group’s share of total comprehensive income Rs. 405.92 lacs and Rs. 1,090.09 lacs for the year quarter and year ended on March 31, 2020 respectively and the Group’s share in net cash flow of Rs. (347.35) lacs for the year ended March 31, 2020, as considered in the consolidated financial

Chartered Accountants Chartered Accountants Floor 4, Duckback House, 4[th] 41, Shakespeare Sarani 59B, Chowringhee Road Kolkata – 700 017, India Kolkata – 700 020, India

statements. The financial statements and other financial information of these joint operations have been audited by the other auditors (including one of the joint auditors of the Company, SN Khetan & Associates) whose reports have been furnished to us, and our opinion in so far as it relates to the amounts and disclosures included in respect of these joint operations, is based solely on the report of such auditors.

The consolidated financial statements of the Group for the year ended March 31, 2019, were audited by another auditor. They had qualified their report dated 29th May 2019 with respect to matter reported in basis of qualification paragraph.

Our opinion is not modified in respect of above matters.

The Statement include the results for the quarter ended 31[st] March 2020 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” which were subject to limited review by us.

For MSKA & Associates Chartered Accountants ICAI Firm Registration Number: 105047W

For SN KHETAN & ASSOCIATES Chartered Accountants ICAI Firm Registration Number: 325653E

PUNEET AGARWAL Digitally signed by PUNEET AGARWAL DN: c=IN, o=MSKA AND ASSOCIATES, ou=AUDIT, 2.5.4.20=7a16023be984dbd80efaeb236bff66eb99696c7e39b4d14fe3577602a020ab32, postalCode=700017, st=WEST BENGAL, 2.5.4.45=03410034356635376632653538326633663562643438346235633736666564363736316161313638353962306164396561613232343233333731376565343964366264, serialNumber=aa86dc5a5ae3bd94423d787cf4ab9221cb9dc569b465091d2a780e1be2a2b7be, cn=PUNEET AGARWAL Date: 2020.06.20 20:59:54 +05'30' SANJAY KUMAR KHETAN Digitally signed by SANJAY KUMAR KHETAN Date: 2020.06.20 21:15:17 +05'30' Puneet Agarwal Sanjay Kumar Khetan Partner Partner Membership No.: 064824 Membership No.: 058510 UDIN: 20064824AAAADK6295 UDIN: 20058510AAAAAF9443 Place: Kolkata Place: Kolkata Date: June 20, 2020 Date: June 20, 2020

Chartered Accountants Chartered Accountants Floor 4, Duckback House, 4[th] 41, Shakespeare Sarani 59B, Chowringhee Road Kolkata – 700 017, India Kolkata – 700 020, India

Attachment A:

Sr. No.	Name of entities
	Subsidiaries
1	GPT Investments Private Limited,Mauritius
2	GPT Concrete Products South Africa(Pty.)Limited,South Africa
3	Jogbani HighwayPrivate Limited
4	Superfine Vanijya Private Limited

	Joint Ventures
1	GPT – Transnamib Concrete Sleepers(Pty.)Limited,Namibia

	Joint Operations
1	GPT - GVV(JV)
2	GPT - MADHAVA(JV)
3	GPT - GEO - UTS(JV)
4	GPT Infrastructure Pvt Ltd & Universal Construction Co.(JV)
5	GPT - TRIBENI(JV)
6	GPT - CVCC - SLDN(JV)
7	GEO Foundation & Structure Pvt Ltd & GPT Infraprojects Ltd(JV)
8	GPT - RANHILL(JV)
9	JMC - GPT(JV)
10	GPT - SMC(JV)
11	GPT - RAHEE(JV)
12	PREMCO - GPT(JV)
13	RAHEE - GPT(JV)
14	RAHEE - GPT IB(JV)
15	GPT - BHARTIA(JV)
16	GPT-BALAJI-RAWATS(JV)
17	HARI-GPT(JV)
18	GPT-SKY(JV)
19	GPT-GEO(JV)_Cochin
20	G R(JV)
21	GPT-ABCI(JV)
22	GPT-SSPL(JV)
23	GPT-BALAJI(JV)
24	GPT-ISC Projects(JV)
25	GPT-MBPL(JV)
26	NCDC-GPT(JV)

GPT INFRAPROJECTS LIMITED

Registered Office : GPT Centre, JC - 25, Sector - III, Salt Lake, Kolkata - 700 098 CIN - L20103WB1980PLC032872, Website - gptinfra.in, Email: [email protected]

==> picture [119 x 35] intentionally omitted <==

STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2020

STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR	THE QUARTER AND YEAR ENDED MARCH 31, 2020	THE QUARTER AND YEAR ENDED MARCH 31, 2020	THE QUARTER AND YEAR ENDED MARCH 31, 2020	THE QUARTER AND YEAR ENDED MARCH 31, 2020	THE QUARTER AND YEAR ENDED MARCH 31, 2020
	(`in lacs)
P a r t i c u l a r s	Quarter Ended			Year Ended
	31.03.2020	31.12.2019	31.03.2019	31.03.2020	31.03.2019
	Audited (Refer Note 8)	Unaudited	Audited (Refer Note 8)	Audited	Audited
Income from operations Revenue from operations Other Income Total revenue (I) Expenses Cost of materials consumed - Raw Materials - Materials for construction / other contracts Payment to Sub-contractors Purchase of stock - in - trade Employee benefits expense Finance costs Depreciation and amortisation expense Total expenses (II) Profit before taxes [(III) = (I-II)] Tax expenses / (credits) Deferred tax expense / (credit) Total tax expenses (IV) Share of profit of Joint Venture Non - Controlling Interest Other Comprehensive Income (net of tax) (X) - attributable to Owners of the Company - attributable to Non- Controlling Interest Paid - up equity share capital of face value of10/- each<br>Other equity<br>Basic and Diluted (Not Annualised)<br>Current tax (Net of MAT credit) (including income tax for earlier<br>years)<br>Profit for the year before Non - Controling Interest [(VII) = (V) +(VI)]<br>Profit before share of jointly controlled entity [(V) = (III) - (IV)]<br>Total Comprehensive Income before Non - Controling Interest<br>[(XI) = (VII) +(X)]<br>Changes in inventories of finished goods, stock-in-trade and work-<br>in-progress<br>Other expenses<br>Net Profit for the period [(IX) = (VII) - (VIII)]<br>Earnings per equity share (nominal value of*10/- each ) Other comprehensive Income not to be reclassified to profit or loss in subsequent periods - Re-Measurement gains / (losses) on defined benefit plans (net of taxes) Other comprehensive income to be reclassified to profit or loss in subsequent periods (net of taxes) - Exchange difference on translation of Foreign Operation	18,725.65 31.09	15,785.69 184.52	17,294.44 338.33	61,801.45 469.69	57,759.91 1,442.98
	18,756.74	15,970.21	17,632.77	62,271.14	59,202.89
	1,214.82 2,741.58 9,811.46 - (219.21) 976.16 913.36 681.72 2,626.75	1,291.41 2,962.67 6,529.58 - (140.60) 843.75 1,038.04 520.36 2,046.36	2,313.18 3,446.10 8,051.50 (55.58) (183.59) 1,194.15 1,075.91 628.49 1,193.64	5,715.81 10,956.97 25,523.26 - (227.28) 3,855.33 4,137.13 2,370.13 8,053.07	9,642.76 10,339.29 21,669.51 10.75 (990.70) 4,564.26 4,178.64 2,335.67 6,189.35
	18,746.64	15,091.57	17,663.80	60,384.42	57,939.53
	10.10	878.64	(31.03)	1,886.72	1,263.36
	346.36 (246.01)	177.00 2.24	222.37 (380.04)	826.42 (241.92)	692.29 (462.82)
	100.35	179.24	(157.67)	584.50	229.47
	(90.25) (8.07)	699.40 (31.63)	126.64 15.20	1,302.22 (19.56)	1,033.89 231.64
	(98.32) (193.25)	667.77 39.36	141.84 (13.35)	1,282.66 (220.99)	1,265.53 89.27
	94.93 7.81 (733.23)	628.41 - 236.96	155.19 29.16 (76.67)	1,503.65 7.81 (455.12)	1,176.26 7.09 (502.65)
	(725.42)	236.96	(47.51)	(447.31)	(495.56)
	(823.74)	904.73	94.33	835.35	769.97
	(630.49) (193.25)	865.37 39.36	107.68 (13.35)	1,056.34 (220.99)	680.70 89.27
	2,908.60	2,908.60	2,908.60	2,908.60	2,908.60
				19,560.91	18,355.06
	0.34*	2.16*	0.53*	5.17	4.04

SANJAY Digitally signed by SANJAY KUMAR KUMAR KHETAN Date: 2020.06.20 KHETAN 21:13:11 +05'30'

DWARIKA Digitally signed by DWARIKA PRASAD PRASAD TANTIA Date: 2020.06.20 TANTIA 19:37:59 +05'30'

|Consolidated Statement of Assets and Liabilities|(**in lacs)**|**(**in lacs)|
|---|---|---|
|P a r t i c u l a r s|As at|As at|
||31.03.2020|31.03.2019|
||Audited|Audited|
|ASSETS
A)
NON-CURRENT ASSETS
a)
Property, plant and equipments
b)
Right of use assets
c)
Capital work-in-progress
d)
Goodwill on consolidation
e)
Other Intangible assets
f)
Contract assets
g)
Financial assets
(i) Investment in a Joint Venture
(ii) Loans
(iii) Trade receivables
(iv) Other financial assets
h)
Deferred tax assets (net)
i)
Other non current assets
Total Non-Current Assets (A)
B)
CURRENT ASSETS
a)
Inventories
b)
Contract assets
c)
Financial assets
(i) Trade receivables
(ii) Cash and cash equivalents
(iii) Bank balances other than (ii) above
(iv) Loans
(v) Other financial assets
d)
Other current assets
Total Current Assets (B)
Total Assets (A+B)
EQUITY AND LIABILITIES
C)
EQUITY
a)
Equity share capital
b)
Other equity
c)
Non-controlling interest
Total Equity (C)
LIABILITIES
D)
NON-CURRENT LIABILITIES
a)
Contract liabilities
b)
Financial liabilities
(i) Borrowings
(ii) Trade payables
(iii) Other current financial liabilities
c)
Long term provisions
d)
Deferred tax liabilities (net)
Total Non-Current Liabilities (D)
E)
CURRENT LIABILITIES
a)
Contract liabilities
b)
Financial liabilities
(i) Borrowings
(ii) Trade payables
(iii) Other financial liabilities
c)
Short term provisions
d)
Other current liabilities
Total Current Liabilities (E)
Total Liabilities (F = D+E)
Total Equity and Liabilities(C+F)
- Total outstanding dues of creditors other than micro
enterprises
d
ll
t
i
- Total outstanding dues of micro enterprises and small
enterprises
- Total outstanding dues of creditors other than micro
enterprises
d
ll
t
i
- Total outstanding dues of micro enterprises and small
enterprises|10,639.89
747.58
121.81
594.94
25.76
2,112.70
2,635.19
5.11
71.46
84.98
492.31
2,852.54|12,635.86
-
265.98
533.69
16.84
2,690.60
2,732.36
24.55
680.51
896.61
132.76
3,748.41|
||
20,384.27|24,358.17|
||9,119.17
23,202.07
10,146.62
176.76
2,713.33
257.40
2,830.74
4,340.41|8,268.43
22,588.14
5,803.73
561.68
2,257.69
238.15
3,153.06
2,965.77|
||52,786.50|45,836.65|
||
73,170.77|70,194.82|
||2,908.60
19,560.91
202.23|2,908.60
18,355.06
483.78|
||22,671.74|21,747.44|
||1,517.41
396.85
-
996.29
569.61
436.27
314.14|503.55
1,662.11
-
398.02
-
381.48
297.70|
||4,230.57|3,242.86|
||2,138.59
22,520.55
25.23
17,875.33
2,698.91
210.99
798.86|3,480.28
23,495.68
41.84
15,156.75
1,763.43
190.80
1,075.74|
||46,268.46|45,204.52|
||50,499.03|48,447.38|
||73,170.77|70,194.82|

DWARIKA Digitally signed by DWARIKA PRASAD PRASAD TANTIA Date: 2020.06.20 TANTIA 19:38:19 +05'30'

SANJAY Digitally signed by SANJAY KUMAR KUMAR KHETAN KHETAN Date: 2020.06.20 21:13:32 +05'30'

GPT Infraprojects Limited

CIN - L20103WB1980PLC032872

Consolidated Cash Flow Statement for the year ended March 31, 2020

||(**in lacs)**|**(**in lacs)|
|---|---|---|
|Particulars|2019 - 20|
2018 - 19|
|A. Cash Flow from Operating Activities
Net Profit before tax
Adjustment for :
Depreciation & amortization expenses
(Profit) / Loss on sale / discard of fixed assets (net)
Interest income on deposits from Banks / loans, advances etc. (Gross)
Unspent liabilities / provisions no longer required written back
Expected credit loss
Reversal of expected credit loss
Impairment of Investments in a joint venture
Interest Income on financial assets carried at amortized cost
Loss / (gain) on foreign exchange fluctuations
Gains on buyback of investments
Interest expenses
Operating Profit before working capital changes
(Increase) / Decrease in Contract assets
(Increase) / Decrease in Trade receivables
(Increase) in Other financial assets
(Increase) / Decrease in other assets
(Increase) in inventories
Increase / (Decrease) in Contract liabilities
Increase in trade payables
Increase / (Decrease) in financial liabilities
(Decrease) in other liabilities (including deferred tax liabilities)
Increase in provisions
Cash Generated from operations
Taxes paid (net of tax refund)
Net Cash flow from Operating Activities
(A)
B. Cash Flow from Investing Activities
Loans given to bodies corporate and employees
Refund of loans given to bodies corporate and employees
Purchase of property, plant and equipments and
intangible asets (including capital work in progress)
Investments in joint venture
Interest received
Investment in margin money deposits
Proceeds from maturity of margin money deposits
Net Cash used in Investing Activities
(B)
C. Cash Flow from Financing Activities
Long term borrowings received
Long term borrowings repaid
Proceeds from (repayment of) of cash credit (net)
Proceeds from short term borrowings
Repayment of short term borrowings
Dividend paid
Dividend paid by a subsidiary
Interest paid
Net Cash used in Financing Activities
(C)
Net (Decrease) / Increase in Cash and Cash Equivalents (A+B+C)
Effect of foreign currency translation
Cash and cash equivalents - Opening Balance
Cash and cash equivalents-Closing Balance
Proceeds from sale of property, plant and equipments and
intangible assets (including capital work in progress)|1,867.16
2,370.13
0.08
(135.27)
(142.61)
420.00
-
77.61
-
(281.45)
-
4,137.13|1,495.00
2,335.67
(10.77)
(225.58)
(356.42)
6.98
(12.60)
-
(363.53)
(135.27)
(52.30)
4,178.64|
||8,312.78
(36.03)
(4,149.88)
579.39
(724.65)
(850.74)
(327.83)
3,391.07
793.42
(133.73)
86.70|6,859.82
(1,560.60)
2,112.89
(6.06)
12.42
(223.14)
(2,542.64)
2,093.69
(13.15)
489.55
77.33|
||6,940.50
(464.32)|7,300.11
(1,107.83)|
||6,476.18|6,192.28|
||-
0.19
(1,520.12)
38.00
-
90.63
(697.57)
841.13|(2.41)
27.57
(1,202.38)
18.69
189.27
280.86
(757.65)
667.13|
||(1,247.74)|(778.92)|
||1,153.80
(1,843.36)
(8,165.54)
9,397.69
(2,207.28)
-
-
(3,948.67)|1,729.17
(1,181.36)
3,059.43
3,539.97
(7,388.16)
(581.40)
(105.94)
(4,157.18)|
||(5,613.36)|(5,085.47)|
||(384.92)
-
561.68|327.89
0.22
233.57|
||176.76|561.68|
|
Notes:
Cash and cash equivalents:
Balances with banks:
- On current accounts
- On unpaid dividend account
Cash on hand
Cash and cash equivalents as at the close of the year|142.17
0.44
34.15|532.21
0.34
29.13|
||176.76|561.68|
| The Group can utilise these balances only towards
settlement of the respective unpaid dividend|||

Digitally signed by PUNEET AGARWAL

DN: c=IN, o=MSKA AND ASSOCIATES, ou=AUDIT,

DWARIKA Digitally signed by DWARIKA PRASAD PRASAD TANTIA TANTIA Date: 2020.06.20 19:38:35 +05'30'

PUNEET AGARWAL

2.5.4.20=7a16023be984dbd80efaeb236bff66eb99696c7e39b4d14fe3577602a020ab32, postalCode=700017, st=WEST BENGAL, 2.5.4.45=03410034356635376632653538326633663562643438346235633736666564363736316161313638353962306164396561613232343233333731376565343964366264, serialNumber=aa86dc5a5ae3bd94423d787cf4ab9221cb9dc569b465091d2a780e1be2a2b7be, cn=PUNEET AGARWAL Date: 2020.06.20 20:53:40 +05'30' SANJAY KUMAR KHETAN Digitally signed by SANJAY KUMAR KHETAN Date: 2020.06.20 21:13:51 +05'30'

Consolidated Segment Revenue, Results, Assets & Liabilities

Consolidated Segment Revenue, Results, Assets & Liabilities
	(`in lacs)
P a r t i c u l a r s	Quarter Ended			Year Ended
	31.03.2020	31.12.2019	31.03.2019	31.03.2020	31.03.2019
	Audited (Refer Note 8)	Unaudited	Audited (Refer Note 8)	Audited	Audited
1 Segment Revenue (a) Infrastructure (b) Concrete Sleeper (c) Unallocated Total Add: Inter - Segment revenue Revenue from operations 2 Segment Results Profit Before Taxes & Interest (a) Infrastructure (b) Concrete Sleeper (c) Others Total Less: Unallocated expenditure net of Income Less : Finance costs Total Profit Before Taxes 3 Segment Assets (a) Infrastructure (b) Concrete Sleeper (c) Others (d) Unallocated Total 4 Segment Liabilities (a) Infrastructure (b) Concrete Sleeper (c) Others (d) Unallocated Total	16,844.20 1,881.45 -	13,542.20 2,243.49 -	14,563.44 2,722.79 8.21	52,254.02 9,531.20 16.23	44,197.61 13,495.29 67.01
	18,725.65 -	15,785.69 -	17,294.44 -	61,801.45 -	57,759.91 -
	18,725.65	15,785.69	17,294.44	61,801.45	57,759.91
	2,032.58 (638.47) (126.69)	2,055.56 (0.12) (26.94)	1,335.11 96.05 (27.76)	7,419.05 (299.82) (225.54)	5,115.84 1,074.65 184.54
	1,267.42 343.96	2,028.50 111.82	1,403.40 358.52	6,893.69 869.84	6,375.03 933.03
	923.46 913.36	1,916.68 1,038.04	1,044.88 1,075.91	6,023.85 4,137.13	5,442.00 4,178.64
	10.10	878.64	(31.03)	1,886.72	1,263.36
	48,315.09 14,196.01 1,078.91 9,580.76	46,276.73 14,930.80 1,104.12 9,075.53	47,196.19 13,485.97 1,096.02 8,416.64	48,315.09 14,196.01 1,078.91 9,580.76	47,196.19 13,485.97 1,096.02 8,416.64
	73,170.77	71,387.18	70,194.82	73,170.77	70,194.82
	20,558.81 3,351.45 74.96 26,513.81	17,893.44 2,665.49 66.60 27,240.29	18,093.36 3,014.41 5.11 27,334.50	20,558.81 3,351.45 74.96 26,513.81	18,093.36 3,014.41 5.11 27,334.50
	50,499.03	47,865.82	48,447.38	50,499.03	48,447.38

Standalone Information : (a) Revenue from operations (b) Profit before taxes (c) Profit after taxes	18,208.54 882.62 539.37	14,834.05 585.14 459.07	16,505.88 154.03 343.11	59,529.20 2,553.90 1,702.39	52,127.47 910.78 838.94

SANJAY Digitally signed by SANJAY KUMAR KUMAR KHETAN Date: 2020.06.20 KHETAN 21:14:08 +05'30'

DWARIKA Digitally signed by DWARIKA PRASAD PRASAD TANTIA Date: 2020.06.20 TANTIA 19:38:49 +05'30'

1 The above audited consolidated financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on June 20, 2020. The said results have also been reviewed by the statutory auditors of the Company.The financial results for the quarter and year ended March 31, 2019 were subjected to limited review and audit respectively by another joint audit firm.
2 The Board has recommended dividend of 15.00 % i.e. ` 1.50 per equity share for the year ended 31st March 2020, subject to approval of the 3 The above consolidated results are also available on the Company's website www.gptinfra.in and on the stock exchange websites (www.bseindia.com and nseindia.com).
4 The Group is currently focused on two Operating Segments : Infrastructure and Concrete Sleeper. The Operating Segments have been reported in the manner consistent with internal reporting provided to the Chief Operating Decision Maker.
5 The statutory auditors of the Company have drawn emphasis of matter in their audit report regarding;
(a) Uncertainty of recovery of Group’s share of unbilled revenue, trade and other receivables aggregating ` 2,013.99 lacs in respect of two joint operations, wherein the underlying projects were completed in a prior year and the management of the joint operations have initiated arbitration proceedings for recovery of aforesaid receivables. The Management believes that the outcome of arbitration will be favourable to the Group and hence no provision is considered necessary in these financial results.
(b) During previous year, the Arbitration Tribunal had awarded a sum of 6,120.32 lacs in favour of Jogbani Highway Private Limited (the subsidiary) under a BOT Contract awarded by National Highway of India (the Customer). The subsidiary had subcontracted aforesaid BOT contract to the Company. The customer has filed petition in Hon’ble High Court of Delhi against the award declared by Arbitration Tribunal in favour of the subsidiary. The Hon'ble High Court of Delhi has granted liberty to the subsidiary to withdraw the amount of 3,000.00 lacs deposited by the customer against submission of a suitable security. The management believes that the outcome of the petition would be in favour of the subsidiary, and hence no provision has been considered necessary in these financial results towards recoverability of net assets of ` 1,780.85 lacs.
(c) The CoVID-19 pandemic has severely disrupted business operations due to the lockdown and other emergency measures imposed by the Government of India and various State Governments. The operations of the Company were impacted due to the shutdown of projects, factories and offices following nationwide lockdown and also lockdown in the operations of its subsidiary / associate in South Africa and Namibia. The Company has restarted its operations in a phased manner in line with the directives from the various authorities from time to time. The Company has evaluated the impact of the pandemic on its business operations, liquidity, internal financial reporting and control and financial position and based on the management’s review of the current indicators and economic conditions, there is no material impact on its financial results as at March 31, 2020. The assessment of impact of CoVID -19 is a continuing process given the uncertainties associated with the nature and duration of the pandemic and accordingly the impact may vary from the estimates as on the date of the approval of these financial results. The Company will continuously monitor any material changes to future economic conditions and business of the Company.
6 Attention is invited to the following:
(a) In earlier years, the Group has completed execution of certain construction contracts under the terms of agreements with customers. Unbilled revenue, accrued price escalation and trade receivables aggregating 2,535.13 lacs (March 31, 2019 : 4,909.50 lacs) are yet to be received by the Company in respect of such contracts due to paucity of funds available with those customers. The statutory auditors of the Company have modified their audit report in this regard. Based on regular follow ups with those customers, management is confident that the aforesaid amount is fully recoverable.
7 The Company has adopted Ind AS 116 "Leases" effective from April 01, 2019 in using the modified retrospective method. The adoption of standard did not have any material impact on the profit of the current quarter and year ended March 31, 2020.
8 The figures of the last quarters ended March 31, 2020 and March 31, 2019 are the balancing figures between audited figures in respect of the full financial years and the unaudited published year-to-date figures up to Dec 31 for respective years which were subjected to limited review.
9 There were no items in the nature of exceptional / discontinued operations during the respective periods/years reported above.
10 Previous period's /year's figures have been regrouped / rearranged wherever considered necessary to conform to the current period's/year's classification.

For and on behalf of Board of Directors

PUNEET AGARWAL Digitally signed by PUNEET AGARWAL DN: c=IN, o=MSKA AND ASSOCIATES, ou=AUDIT, 2.5.4.20=7a16023be984dbd80efaeb236bff66eb99696c7e39b4d14fe3577602a020ab32, postalCode=700017, st=WEST BENGAL, 2.5.4.45=03410034356635376632653538326633663562643438346235633736666564363736316161313638353962306164396561613232343233333731376565343964366264, serialNumber=aa86dc5a5ae3bd94423d787cf4ab9221cb9dc569b465091d2a780e1be2a2b7be, cn=PUNEET AGARWAL Date: 2020.06.20 21:03:35 +05'30' SANJAY KUMAR KHETAN Digitally signed by SANJAY KUMAR KHETAN Date: 2020.06.20 21:14:25 +05'30' D. P. Tantia DWARIKA PRASAD TANTIA Digitally signed by DWARIKA PRASAD TANTIA Date: 2020.06.20 19:39:03 +05'30' Place : Kolkata Chairman Date : June 20, 2020 DIN - 00001341

GPT Infraprojects Limited CIN:L20103WB1980PLC032872

==> picture [68 x 52] intentionally omitted <==

ANNEXURE – I

Statement on Impact of Audit Qualifications (for audit report with modified opinion) submitted along with Standalone Annual Audited Financial Results

Statement on Impact of Audit Qualifications for the Financial Year ended March 31, 2020 [See Regulation 33 / 52 of the SEBI (LODR) (Amendment) Regulations, 2016]	Statement on Impact of Audit Qualifications for the Financial Year ended March 31, 2020 [See Regulation 33 / 52 of the SEBI (LODR) (Amendment) Regulations, 2016]	Statement on Impact of Audit Qualifications for the Financial Year ended March 31, 2020 [See Regulation 33 / 52 of the SEBI (LODR) (Amendment) Regulations, 2016]	Statement on Impact of Audit Qualifications for the Financial Year ended March 31, 2020 [See Regulation 33 / 52 of the SEBI (LODR) (Amendment) Regulations, 2016]	Statement on Impact of Audit Qualifications for the Financial Year ended March 31, 2020 [See Regulation 33 / 52 of the SEBI (LODR) (Amendment) Regulations, 2016]

I.	Sl. No.	Particulars	Audited Figures (as reported before adjusting for qualifications) (`in Lakhs)\|<br> <br>Adjusted<br>Figures<br>(audited<br>figures after<br>adjusting for<br>qualifications)<br>(`in Lakhs)
	1.	Turnover / Total Income	60,015.27	60,015.27
	2.	TotalExpenditure	57,461.37	57,461.37
	3.	NetProfit/(Loss) after Tax	1702.39	1702.39
	4.	Earnings Per Share	5.85	5.85
	5.	TotalAssets	67,787.66	67,787.66
	6.	Total Liabilities (excluding Net worth)	48,199.92	48,199.92
	7.	Net Worth	19,587.74	19,587.74
	8.	Any other financial item(s) (as felt appropriate by the management)	-	-
II.	Audit Qualification (each audit qualification separately):
	a. Details of Audit Qualification: The statutory auditors have provided following qualification in their audit report – Attention is invited to Note No. 6(a) to the standalone financial statements regarding recognition of unbilled revenue, accrued price escalations and trade receivables aggregating to`2,535.13 lacs (net of derecognition of`2,374.37 lacs during the year ended March 31, 2020), on certain completed construction contracts, which are yet to be billed /realized by the Company and are outstanding for more than 3 years. Due to unavailability of sufficient appropriate audit evidence to corroborate management’s assessment of recoverability of the above said amounts, we are unable to comment on the recoverability and the current classification of the same. No provision with respect to the same is made in the books of account (Refer note 6(a) to the standalone financial results). Note 6 (a) of the standalone financial statements states the following — In earlier years, the Company has completed execution of certain construction contracts under the terms of agreements with customers. Unbilled revenue, accrued price escalation and trade receivables aggregating`2,535.13 lacs (March 31, 2019 :<br>`4,909.50 lacs) are yet to be received by the Company in respect of such contracts due to paucity of funds available with those customers. The statutory auditors of the Company have modified their audit report in this regard. Based on regular follow ups with those customers, management is confident that the aforesaid amount is fully recoverable

Digitally signed by PUNEET AGARWAL DN: c=IN, o=MSKA AND ASSOCIATES, ou=AUDIT, 2.5.4.20=7a16023be984dbd80efaeb236bff66eb99696c7e39b4d14fe3577602a020ab32, postalCode=700017, st=WEST BENGAL, 2.5.4.45=03410034356635376632653538326633663562643438346235633736666564363736316161313638353962306164396561613232343233333731376565343964366264, serialNumber=aa86dc5a5ae3bd94423d787cf4ab9221cb9dc569b465091d2a780e1be2a2b7be, cn=PUNEET AGARWAL Date: 2020.06.20 20:36:29 +05'30'

SHREE Digitally signed GOPAL TANTIA by SHREE GOPAL TANTIA Date: 2020.06.20 19:48:26 +05'30' ATUL TANTIA Digitally signed by ATUL TANTIA Date: 2020.06.20 19:49:28 +05'30' KASHI PRASAD KHANDELWAL Digitally signed by KASHI PRASAD KHANDELWAL Date: 2020.06.20 19:51:22 +05'30'

PUNEET AGARWAL

SANJAY Digitally signed by SANJAY KUMAR KUMAR KHETAN Date: 2020.06.20 KHETAN 20:50:21 +05'30'

GPT Infraprojects Limited CIN:L20103WB1980PLC032872

==> picture [68 x 52] intentionally omitted <==

b. Type of Audit Qualification : Qualified Opinion

	b. Type of Audit Qualification :Qualified Opinion	b. Type of Audit Qualification :Qualified Opinion
	c. Frequency of qualification: Qualification is continuing since audit for the year ended March 31, 2015.
	d. For Audit Qualification(s) where the impact is quantified by the auditor, Management’s Views Impact not quantified by the auditors.
	e. For Audit Qualification(s) where the impact is not quantified by the auditor:
	(i) Management’s estimation on the impact of audit qualification: With regard to the qualifications by the Auditors in their Audit Report on the standalone financial results for outstanding unbilled revenue, accrued price escalations and trade receivables on certain completed construction contracts, the management of the Company is confident that the outstanding amount is fully recoverable and delays in realization is mainly due to paucity of funds with the customers.
	(ii) If management is unable to estimate the impact, reasons for the same: Not Applicable
	(iii) Auditors’ Comments on (i) or (ii) above. Refer details of audit qualification [para II (a) above]
III.	Signatories:
	Mr. S. G. Tantia, Managing Director	SHREE GOPAL TANTIA Digitally signed by SHREE GOPAL TANTIA Date: 2020.06.20 19:48:42 +05'30'
	Mr. Atul Tantia, Executive Director &CFO	ATUL TANTIA Digitally signed by ATUL TANTIA Date: 2020.06.20 19:49:09 +05'30'
	Mr. K.P.Khandelwal, Chairman- Audit Committee	KASHI PRASAD KHANDELWAL Digitally signed by KASHI PRASAD KHANDELWAL Date: 2020.06.20 19:51:34 +05'30'
	Statutory Auditors Mr. Puneet Agarwal Partner Membership Number: 064824 For MSKA & Associates Chartered Accountants ICAI Firm Registration Number: 105047W UDIN : 20064824AAAADJ2908	PUNEET AGARWAL Digitally signed by PUNEET AGARWAL DN: c=IN, o=MSKA AND ASSOCIATES, ou=AUDIT, 2.5.4.20=7a16023be984dbd80efaeb236bff66eb9969 6c7e39b4d14fe3577602a020ab32, postalCode=700017, st=WEST BENGAL, 2.5.4.45=03410034356635376632653538326633663 5626434383462356337366665643637363161613136 3835396230616439656161323234323333373137656 5343964366264, serialNumber=aa86dc5a5ae3bd94423d787cf4ab922 1cb9dc569b465091d2a780e1be2a2b7be, cn=PUNEET AGARWAL Date: 2020.06.20 20:37:54 +05'30'
	Mr. Sanjay Kumar Khetan Partner Membership No.: 058510 For SN Khetan& Associates Chartered Accountants ICAI Firm registration number: 325653E UDIN : 20058510AAAAAF1463	SANJAY KUMAR KHETAN Digitally signed by SANJAY KUMAR KHETAN Date: 2020.06.20 20:50:53 +05'30'
	Place : Kolkata
	Date : June 20, 2020

GPT Infraprojects Limited CIN:L20103WB1980PLC032872

==> picture [68 x 52] intentionally omitted <==

ANNEXURE – I

Statement on Impact of Audit Qualifications (for audit report with modified opinion) submitted along with Consolidated Annual Audited Financial Results

Statement on Impact of Audit Qualifications for the Financial Year ended March 31, 2020 [See Regulation 33 / 52 of the SEBI (LODR) (Amendment) Regulations, 2016]	Statement on Impact of Audit Qualifications for the Financial Year ended March 31, 2020 [See Regulation 33 / 52 of the SEBI (LODR) (Amendment) Regulations, 2016]	Statement on Impact of Audit Qualifications for the Financial Year ended March 31, 2020 [See Regulation 33 / 52 of the SEBI (LODR) (Amendment) Regulations, 2016]	Statement on Impact of Audit Qualifications for the Financial Year ended March 31, 2020 [See Regulation 33 / 52 of the SEBI (LODR) (Amendment) Regulations, 2016]	Statement on Impact of Audit Qualifications for the Financial Year ended March 31, 2020 [See Regulation 33 / 52 of the SEBI (LODR) (Amendment) Regulations, 2016]
I.	Sl. No.	Particulars	Audited Figures (as reported before adjusting for qualifications) (`in Lakhs)\|<br> <br>Adjusted Figures<br>(audited figures after<br>adjusting for<br>qualifications)<br>(`in Lakhs)
	1.	Turnover / Total Income	62,271.14	62,271.14
	2.	Total Expenditure	60,384.42	60,384.42
	3.	Net Profit / (Loss)after tax	1503.65	1503.65
	4.	Earnings Per Share	5.17	5.17
	5.	Total Assets	73,170.77	73,170.77
	6.	Total Liabilities(excluding Net worth)	50,499.03	50,499.03
	7.	Net Worth (including minority interest)	22,671.74	22,671.74
	8.	Any other financial item(s) (as felt appropriate by the management)	-	-
II.	Audit Qualification (each audit qualification separately) : a. Details of Audit Qualification: The statutory auditors have provided following qualification in their audit report – Attention is invited to Note no.6 (a) to the consolidated financial results regarding recognition of unbilled revenue, accrued price escalations and trade receivables aggregating to`2,535.13 lacs (net of derecognition of`2,374.37 lacs during the year ended March 31, 2020), on certain completed construction contracts, which are yet to be billed /realized by the Company and are outstanding for more than 3 years. Due to unavailability of sufficient appropriate audit evidence to corroborate management’s assessment of recoverability of the above said amounts, we are unable to comment on the recoverability and current classification of the same. No provision with respect to the same is made in the books of account (Refer note 6(a) to the consolidated financial results). Note 6 (a) of the consolidated financial statements states the following — In earlier years, the Group has completed execution of certain construction contracts under the terms of agreements with customers. Unbilled revenue, accrued price escalation and trade receivables aggregating`2,535.13 lacs (March 31, 2019 :` 4,909.50 lacs) are yet to be received by the Company in respect of such contracts due to paucity of funds available with those customers. The statutory auditors of the Company have modified their audit report in this regard. Based on regular follow ups with those customers, management is confident that the aforesaid amount is fully recoverable

SHREE Digitally signed by SHREE GOPAL GOPAL TANTIA Date: 2020.06.20 TANTIA 19:47:05 +05'30'

ATUL Digitally signed by ATUL TANTIA KASHI PRASAD Digitally signed by KASHI PRASAD TANTIA Date: 2020.06.20 19:49:56 +05'30' KHANDELWAL KHANDELWAL Date: 2020.06.20 19:50:51 +05'30'

PUNEET AGARWAL Digitally signed by PUNEET AGARWAL DN: c=IN, o=MSKA AND ASSOCIATES, ou=AUDIT, 2.5.4.20=7a16023be984dbd80efaeb236bff66eb99696c7e39b4d14fe3577602a020ab32, postalCode=700017, st=WEST BENGAL, 2.5.4.45=03410034356635376632653538326633663562643438346235633736666564363736316161313638353962306164396561613232343233333731376565343964366264, serialNumber=aa86dc5a5ae3bd94423d787cf4ab9221cb9dc569b465091d2a780e1be2a2b7be, cn=PUNEET AGARWAL Date: 2020.06.20 20:46:09 +05'30' SANJAY KUMAR KHETAN Digitally signed by SANJAY KUMAR KHETAN Date: 2020.06.20 21:11:41 +05'30'

GPT Infraprojects Limited CIN:L20103WB1980PLC032872

==> picture [68 x 52] intentionally omitted <==

b. Type of Audit Qualification : Qualified Opinion

c. Frequency of qualification:

Qualification is continuing since audit for the year ended March 31, 2015.

d. For Audit Qualification(s) where the impact is quantified by the auditor, Management’s Views
Impact not quantified by the auditors.
e. For Audit Qualification(s) where the impact is not quantified by the auditor :

(i) Management’s estimation on the impact of audit qualification:

With regard to the qualifications by the Auditors in their Audit Report on the consolidated financial results for outstanding unbilled revenue, accrued price escalations and trade receivables on certain completed construction contracts, the management of the Company is confident that the outstanding amount is fully recoverable and delays in realization is mainly due to paucity of funds with the customers.

(ii) If management is unable to estimate the impact, reasons for the same: Not Applicable

==> picture [484 x 406] intentionally omitted <==

----- Start of picture text -----

||||||
|---|---|---|---|---|
|(iii)|Auditors’ Comments on (i) or (ii) above.|
|Refer details of audit qualification [para II (a) above]|
|III.|Signatories:|
|Mr. S. G. Tantia, Managing Director|
|SHREE GOPAL Digitally signed by SHREE GOPAL TANTIA|
|TANTIA|Date: 2020.06.20 19:47:29 +05'30'|
|Mr. Atul Tantia, Executive Director & CFO|ATUL|Digitally signed by ATUL TANTIA|
|TANTIA|Date: 2020.06.20 19:50:14 +05'30'|
|Mr. K.P.Khandelwal,-Chairman-Audit Committee|KASHI PRASAD Digitally signed by KASHI PRASAD KHANDELWAL|
|KHANDELWAL|Date: 2020.06.20 19:51:09 +05'30'|
|Statutory Auditors:-|
|Mr.Puneet Agarwal|
|Partner Membership Number: 064824|For MSKA & Associates|Chartered Accountants|PUNEET AGARWAL|Digitally signed by PUNEET AGARWAL DN: c=IN, o=MSKA AND ASSOCIATES, ou=AUDIT, 2.5.4.20=7a16023be984dbd80efaeb236bff66eb99696c7e39b4d14fe3577602a020ab32, postalCode=700017, st=WEST BENGAL, 2.5.4.45=03410034356635376632653538326633663562643438346235633736666564363736316161313638353962306164396561613232343233333731376565343964366264, serialNumber=aa86dc5a5ae3bd94423d787cf4ab9221cb9dc569b465091d2a780e1be2a2b7be, cn=PUNEET AGARWAL Date: 2020.06.20 20:47:38 +05'30'|
|ICAI Firm Registration Number: 105047W|
|UDIN : 20064824AAAADK6295|
|Mr. Sanjay Kumar Khetan|
|Partner|SANJAY|Digitally signed|
|Membership No.: 058510|by SANJAY|
|KUMAR|KUMAR KHETAN|
|For SN Khetan & Associates|Date: 2020.06.20|
|Chartered Accountants|KHETAN|21:12:04 +05'30'|
|ICAI Firm registration number: 325653E|
|UDIN : 20058510AAAAAF9443|
|Place : Kolkata|
|Date : 20 June, 2020|

----- End of picture text -----

AI assistant

GPT Infraprojects limited Annual Report 2020

61212_rns_2020-06-22_750793f4-84f5-4d41-b317-974c8ec89d78.pdf

GPT Infraprojects Limited

Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015

To the Board of Directors of GPT Infraprojects Limited

Report on the Audit of Standalone Financial Results

Qualified Opinion

Basis for Qualified Opinion:

Emphasis of Matter

Board of Directors’ Responsibilities for the Standalone Financial Results

Auditor’s Responsibilities for the Audit of the Standalone Financial Results

Other Matters

Attachment A: List of Joint Operations

GPT INFRAPROJECTS LIMITED

STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2020

GPT Infraprojects Limited

CIN - L20103WB1980PLC032872

Standalone Segment Revenue, Results, Assets & Liabilities

To the Board of Directors of GPT Infraprojects Limited

Report on the Audit of Consolidated Financial Results

Qualified Opinion

Basis for Qualified Opinion

Emphasis of Matter

Board of Directors’ Responsibilities for the Consolidated Financial Results

Auditor’s Responsibilities for the Audit of the Consolidated Financial Results

Other Matters

Attachment A:

GPT INFRAPROJECTS LIMITED

Registered Office : GPT Centre, JC - 25, Sector - III, Salt Lake, Kolkata - 700 098 CIN - L20103WB1980PLC032872, Website - gptinfra.in, Email: [email protected]

GPT Infraprojects Limited

CIN - L20103WB1980PLC032872

Consolidated Cash Flow Statement for the year ended March 31, 2020

Consolidated Segment Revenue, Results, Assets & Liabilities

ANNEXURE – I

Statement on Impact of Audit Qualifications (for audit report with modified opinion) submitted along with Standalone Annual Audited Financial Results

ANNEXURE – I

Statement on Impact of Audit Qualifications (for audit report with modified opinion) submitted along with Consolidated Annual Audited Financial Results

c. Frequency of qualification:

(i) Management’s estimation on the impact of audit qualification:

AI assistant

GPT Infraprojects limited — Annual Report 2020

61212_rns_2020-06-22_750793f4-84f5-4d41-b317-974c8ec89d78.pdf

GPT Infraprojects Limited

Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015

To the Board of Directors of GPT Infraprojects Limited

Report on the Audit of Standalone Financial Results

Qualified Opinion

Basis for Qualified Opinion:

Emphasis of Matter

Board of Directors’ Responsibilities for the Standalone Financial Results

Auditor’s Responsibilities for the Audit of the Standalone Financial Results

Other Matters

Attachment A: List of Joint Operations

GPT INFRAPROJECTS LIMITED

STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2020

GPT Infraprojects Limited

CIN - L20103WB1980PLC032872

Standalone Segment Revenue, Results, Assets & Liabilities

To the Board of Directors of GPT Infraprojects Limited

Report on the Audit of Consolidated Financial Results

Qualified Opinion

Basis for Qualified Opinion

Emphasis of Matter

Board of Directors’ Responsibilities for the Consolidated Financial Results

Auditor’s Responsibilities for the Audit of the Consolidated Financial Results

Other Matters

Attachment A:

GPT INFRAPROJECTS LIMITED

Registered Office : GPT Centre, JC - 25, Sector - III, Salt Lake, Kolkata - 700 098 CIN - L20103WB1980PLC032872, Website - gptinfra.in, Email: [email protected]

GPT Infraprojects Limited

CIN - L20103WB1980PLC032872

Consolidated Cash Flow Statement for the year ended March 31, 2020

Consolidated Segment Revenue, Results, Assets & Liabilities

ANNEXURE – I

Statement on Impact of Audit Qualifications (for audit report with modified opinion) submitted along with Standalone Annual Audited Financial Results

ANNEXURE – I

Statement on Impact of Audit Qualifications (for audit report with modified opinion) submitted along with Consolidated Annual Audited Financial Results

c. Frequency of qualification:

(i) Management’s estimation on the impact of audit qualification:

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GPT Infraprojects limited Annual Report 2020