Oseaspre Consultants Ltd. — Interim / Quarterly Report 2021

Feb 10, 2021

OSEASPRE CONSULTANTS LIMITED

Admin Office:

Registered Address: Admin Office: Neville House, J. N. Heredia Marg, C-1, Wadia International Centre, Ballard Estate, Pandurang Budhkar Marg, Worli, Mumbai 400 001 Mumbai 400 025 Telephone No: 91 2261 8071 Telephone No: 91 22 6662 0000 Fax: 02267495200 Website: www.oseaspre.com CIN: L74140MH1982PLC027652 Email id: oseaspre@gmail.com

____________

Date: 10[th] February, 2021

To, BSE Limited P. J. Towers, Dalal Street, Mumbai – 400 001

Scrip Code: 509782

Dear Sir / Madam,

Sub: Unaudited Financial Results for the third quarter and nine months ended 31[st] December, 2020.

Pursuant to Regulation 33 of the SEBI (LODR) Regulation, 2015 we have enclosed herewith Unaudited Financial Results for the third quarter and nine months ended 31[st] December, 2020 along with Limited Review Report of the Statutory Auditors of the Company. The results are approved by the Board of the Directors of the Company at its Meeting held today the 10[th] February, 2021.

Further, in accordance with Regulation 47 (1) (b) of the Listing Regulations, 2015 the Company would be publishing extract of the Unaudited Financial Results for the third quarter and nine months ended 31[st] December, 2020.

The meeting of the Board of Directors commenced at 2.00 p.m. and concluded at 3.00 p.m.

You are requested to take the same on record.

Thanking you,

Yours faithfully,

For Oseaspre Consultants Limited

GANESH Digitally signed by GANESH SUNIL PARDESHI DN: c=IN, o=Personal, 2.5.4.20=23a0454c2f12470d48eff6e476bce 5402e2e8083d4e4aa505773f275a6a5592a, SUNIL postalCode=400606, st=Maharashtra, serialNumber=98b72b473137fc3995d9b18 4a534ed0e516fd1532b51ebd30360ffaa44ef PARDESHI dcc7, cn=GANESH SUNIL PARDESHI Date: 2021.02.10 15:03:42 +05'30'

Ganesh S. Pardeshi

Company Secretary & Compliance Officer

Encl: As above

OSEASPRE CONSULTANTS LIMITED

Registered Address:

Admin Office:

Neville House, J. N. Heredia Marg, C-1, Wadia International Centre, Ballard Estate, Pandurang Budhkar Marg, Worli, Mumbai 400 001 Mumbai 400 025 Telephone No: 91 2261 8071 Telephone No: 91 22 6662 0000 Fax: 02267495200 Website: www.oseaspre.com CIN: L74140MH1982PLC027652 Email id: oseaspre@gmail.com

_____________

CC:

National Securities Depository Ltd., Trade World, 4th Floor, Kamala Mills Compound, S. Bapat Marg, Lower Parel, Mumbai - 400 013.

Central Depository Services (India) Ltd., Phiroze Jeejeebhoy Towers , 16th Floor, Dalal Street, Mumbai- 400 023

M/s KFin Technologies Pvt. Ltd. Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad - 500 032

C H A R T E R E D A C C O U N T A N T S

KALYANIWALLA & MISTRY LLP

Independent Auditor’s Review Report on Unaudited Quarterly Financial Results of the Company.

To the Board of Directors of Oseaspre Consultants Limited

1. We have reviewed the accompanying statement of unaudited financial results of Oseaspre Consultants Limited (‘the Company’) for the quarter ended December, 31, 2020 and the year to date results for the period from April 1, 2020 to December 31, 2020, together with the notes thereon (referred to as ‘the Statement’, which we have initialed for identification), being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (“the SEBI”)(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

2. This Statement which is the responsibility of the Company’s Management and approved by the Board of Directors at its meeting held on February 10, 2021 has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 ‘Interim Financial Reporting’ (‘Ind AS 34’), prescribed under Section 133 of the Companies Act, 2013 (“the Act”) read with relevant Rules issued thereunder; and other accounting principles generally accepted in India. Our responsibility is to issue a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 ‘Review of Interim Financial Information Performed by the Independent Auditor of the Entity’, issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Ind AS and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Kalyaniwalla & Mistry LLP Chartered Accountants Registration No. 104607W/W100166

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Digitally signed by Jamshed Kekas Udwadia Jamshed DN: c=IN, o=Personal, 2.5.4.20=dbe2553e6b4513a4879c05ab e12aed506e055b8937b956180aa473f4 2353e9c1, postalCode=400093, Kekas st=Maharashtra, serialNumber=c29a14ac12cfde9d0c83 830cfb7de4e6c1f162c153bcf810688f0 3232abeeb8f, cn=Jamshed Kekas Udwadia Udwadia Date: 2021.02.10 15:03:05 +05'30'

Jamshed K. Udwadia Partner Membership No.: 124658 UDIN: 21124658AAAABF8529 Mumbai: February 10, 2021.

LLP IN : AAH · 3437

REGISTERED OFFICE : ESPLANADE HOUSE, 29, HAZARIMAL SOMANI MARG, FORT, MUMBAI 400 001 TEL.: (91) (22) 6158 6200, 6158 7200 FAX: (91) (22) 6158 6275

OSEASPRE CONSULTANTS LIMITED

Neville House, J. N.Heredia Marg, Ballard Estate, Mumbai - 400 001

CIN: L74140MH1982PLC027652 www.oseaspre.com

UNAUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER & NINE MONTHS ENDED 31ST DECEMBER, 2020

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( in Lakh)
( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 ) ( 6 )
PARTICULARS Quarter Ended Nine Months Ended Year Ended
31.12.2020 30.09.2020 31.12.2019 31.12.2020 31.12.2019 31.03.2020
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
I. Revenue from operations - - - - - -
II. Other Income 1.85 1.88 2.53 5.81 8.00 10.26
III. Total Income (I + II) 1.85 1.88 2.53 5.81 8.00 10.26
IV. Expenses:
(a) Cost of materials consumed - - - - - -
(b) Purchase of stock-in-trade - - - - - -
(c) Change in inventories of finished goods, work-in
progress and stock-in-trade - - - - - -
(d) Excise Duty - - - - - -
(e) Employee benefits expense 1.62 1.62 1.77 4.88 4.88 6.50
(f) Finance Costs - - - - - -
(g) Depreciation and amortisation expenses * * * * * 0.01
(h) Other expenses 1.27 1.56 1.74 3.98 5.06 9.40
Total expenses 2.89 3.18 3.51 8.86 9.94 15.91
V. Profit/(Loss) before exceptional items and tax (III - IV) (1.04) (1.30) (0.98) (3.05) (1.94) (5.65)
VI. Exceptional items - - - - - -
VII. Profit/(Loss) before tax (V - VI) (1.04) (1.30) (0.98) (3.05) (1.94) (5.65)
VIII. Tax expense:
1) Current tax - - - - - -
2) Deferred tax - - - - - -
3) For earlier period - - * - *
IX. Profit/(Loss) after Tax (VII-VIII) (1.04) (1.30) (0.98) (3.05) (1.94) (5.65)
X Other Comprehensive Income
A(i) Items that will not be reclassified to profit or loss
Change in Fair value of Equity Investments - - (1.74) - (8.95) (7.23)
(ii) Income tax relating to items that will not be reclassified to profit - - 0.36 - 1.86 1.50
or loss
B(i) Items that will be reclassified to profit or loss - - - - - -
or loss (ii) Income tax relating to items that will be reclassified to profit - - - - - -
Other Comprehensive Income (OCI) - - (1.38) - (7.09) (5.73)
XI. Total Comprehensive Income for the period (IX + X) (1.04) (1.30) (2.36) (3.05) (9.03) (11.38)
XII. Paid up share capital (par value 10/- each, fully paid) 20.00 20.00 20.00 20.00 20.00 20.00
XIII. Other equity 76.39
Earnings per equity share of 10/- each for 200,000 shares (not
XIV. annualised):
Basic ( ) (0.52) (0.65) (0.49) (1.53) (0.97) (2.82)
Diluted ( ) (0.52) (0.65) (0.49) (1.53) (0.97) (2.82)
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• denotes values less than 1 thousand.

NOTES :-

1 The above results which are published in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as modified by Circular No. CIR/CFD/FAC/62/2016 dated 5th July 2016 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on 9th February, 2021 and 10th February 2021. The financial results of the Company have been prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and the other accounting principles generally accepted in India. The Unaudited Financials Results for the third quarter and nine months ended 31st December 2020 have been subject to limited review by the Statutory Auditors who have expressed an unmodified opinion.

2 The Company does not have any revenue from operations and hence there are no reportable segments as per Ind AS 108, 'Operating Segment'.

3 Previous period figures have been regrouped / reclassified wherever necessary, to conform to current period of classification.

For Oseaspre Consultants Limited

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J.C. Bham Date : 10th February, 2021 Chairman Place : Mumbai (DIN : 02806038)

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