Pansari Developers Limited — Interim / Quarterly Report 2022

Nov 13, 2021

For a better tomorrow www.purtirealty.com

Date: 13th November 2021

To

The National Stock Exchange of India Limited Exchange Plaza Plot no. C/1, G Block Bandra - Kurla Complex Bandra (E) Mumbai - 400051

Scrip code: PANSARI

Sub: Outcome Of Board Meeting and Submission of Unaudited Financial Results for the Second Quarter and half yearly ended 30th September 2021

Dear Sir/ Madam

This is to inform you that the Board of Directors in their meeting held today i.e., Saturday the 13th day of November, 2021 have approved the Unaudited Financial Results of the company for the second quarter and half - yearly ended 30th September, 2021

Pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015 we are enclosing the statement of Unaudited Financial Results along with Limited Review Report

The Meeting Commenced at 2:00 P.M.

This is for your information and records

Thanking You,

For Pansari Developers Limited For PANSARI DEVELOPERS LIMITED

Jay a Singh

Company Secretary

JAYA SINGH

Mem No. - A60035

Pansari Developers Ltd.

Registered Office: 14, N. S. Road, 4th Floor, Kolkata - 700 001 (033) 4005 0500 info@purtirealty.com GSTIN. 19AABCP6809N1ZV CIN No. L72200WB1996PLC079438

301, Victory House, 3rd Floor 1, Ganesh Chandra Avenue, Kolkata - 700 013 Phone: 2225-9430/31/32 E-mail: subodhka@yahoo.com Website: www.asnco.in

Independent Auditor's Review Report on unaudited Ind AS Standalone Quarterly Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

INDEPENDENT AUDITOR'S REPORT

To The Board of Directors Pansari Developers Limited

• 1. We have reviewed the accompanying Statement of Unaudited Ind AS Standalone Financial Results of Pansari Developers Limited for the quarter and half year ended September 30. 2021, prepared by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016. The Indian Accounting Standards (Ind AS) compliant figures of the previous Quarter ended 30th June 2021, corresponding Quarter ended 30th June 2020 and Quarter ended 30th September, 2020 which has been restated due to the applicability of reporting quarterly figures and corresponding half year of the previous year ended 30th September 2020 and for the year ended 31st March, 2021 have not been subjected to a limited review or an audit and are based on the previously published financial results as adjusted for differences arising on the transition to Ind AS. This Statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these standalone financial statements based on our review.
• 1. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by The Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of Unaudited Ind AS Standalone Financial

Results prepared in accordance with the applicable accounting standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Agrawal Subodh & Co. Chartered Accountants FRN: 319260E

Funnschr CA Prosanta Mukherjee

Partner Membership No.: 053651 UDIN:- 21053651AAAADN8161

Place: Kolkata Date: 13/11/2021

301, Victory House, 3rd Floor 1, Ganesh Chandra Avenue, Kolkata - 700 013 Phone: 2225-9430/31/32 E-mail: subodhka@yahoo.com Website: www.asnco.in

Independent Auditor's Review Report on unaudited Ind AS Consolidated Quarterly and half year Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

INDEPENDENT AUDITOR'S REPORT

To The Board of Directors Pansari Developers Limited

• 1. We have reviewed the accompanying Statement of Unaudited Ind AS Consolidated Financial Results of Pansari Developers Limited ("the Parent"), which includes its jointly controlled entities (the Parent and its entities together referred to as the "Group") and its share of net profit/(loss) after tax and total comprehensive income of its jointly controlled entities for the quarter and half year ended 30th September, 2021 attached herewith being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016. The Indian Accounting Standards (Ind AS) compliant figures of the previous Quarter ended 30th June 2021, corresponding Quarter ended 30th June 2020 and Quarter ended 30th September, 2020 which has been restated due to the applicability of reporting quarterly figures and corresponding half year of the previous year ended 30th September 2020 and for the year ended 31st March, 2021 have not been subjected to a limited review or an audit and are based on the previously published financial results as adjusted for differences arising on the transition to Ind AS.
• 1. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Ind AS-34 "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Unaudited Consolidated financial Statement based on our review.
• 1. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by The Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 1. We also performed procedures in accordance with the Circular No. CIR/CFD/CMD1/44/2019 dated March 29, 2019 issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to the extent applicable.

• 1. The Statement includes the results of the following entities:
  • a) Unipon Purti Developers LLP
  • b) Papillon Developers LLP
• 1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of Unaudited Ind AS Consolidated Financial Results prepared in accordance with the applicable accounting standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.
• 1. We did not review the interim financial results of jointly controlled entities included in the consolidated unaudited financial results; whose financial information reflects total assets of Rs 3644.86 lakhs as at 30th September 2021 and total revenue of Rs 482.05 lakhs and 690.83 and net profit after tax of Rs.46.45 lakhs and Rs.92.18 for the Quarter and half year ended on 30th September 2021, as considered in the consolidated unaudited Ind AS financial results. The unaudited interim financial results and other unaudited financial information of these jointly controlled entities have not been reviewed by their auditors and have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the affairs of these entities is based solely on such unaudited interim financial results and other unaudited financial information.

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

For Agrawal Subodh & Co. Chartered Accountants FRN: 319260E

musch

CA Prosanta Mukherjee Partner Membership No.: 053651 UDIN:- 21053651AAAADO6522

Place: Kolkata Date: 13/11/2021

														(Rs in Lakhs)
			Standalone		Standalone					Consolidated			Consolidated	Consolidated
			Half Year Ended		Year Ended					Quarter Ended		Half Yearly		Year Ended
September30 June 2020	30th2020	September30th2021		September30th2020	31 March2021	51.No.	Particulars	September30th2021	30 June 2021	30 June 2020	September30th2020	September30th2021	September30th2020	31 March 2021
[UnAudited] (UnAudited) (UnAudited)		(UnAudited)		(UnAudited)	(Audited)			(unAudited)	(unAudited)	(UnAudited)	(UnAudited)	(UnAudited)	(UnAudited)	(Audited)
						I	Income from Operations
409.99		613.58	1,500.32	1,023.58	2,681.62		(a) Revenue from Operations	1,710.23	480.39	409.99	613.58	2,190.62	1,023.58	3,609.87
7.86		12.30	100.76	20.16	140.78		(b) Other Income	6.78	2.33	7.86	12.33	9.11	20.18	56.57
417.85		625.88	1,601.08	1,043.74	2,819.31		Total Income	1,717.01	482.72	417.85	625.91	2,199.73	1,043.76	3,666.44
						$\overline{\mathbf{c}}$	Expenditure
307.04		460.56	1,112.05	767.61	1,892.30		(a) Cost of Sales	1,384.44	325.34	305.44	456.43	1,709.78	761.88	2,533.80
							(b) Purchases of Stock in Trade
			×	$\mathbf i$			(c) Changes In Inventories Of Finished Goods, Work-& Stock-In-TradeIn-Progress
14.11		21.16	31.55	35.27	44.05		ree Benefits Expenses(d) Employ	24.66	7.23	15.08	21.79	31.89	36.86	55.68
54.27		41.75	46.39	96.02	219.31		(e) Finance Cost	11.83	34.57	54.27	41.75	46.39	96.02	363.85
27,83		27.83	56.31	55.66	118.61		(f) Depreciation and Amortisation Expense	28.18	28.18	27.88	27.94	56.37	55.82	118.97
6.63		38.20	70.36	44.82	97.06		(g) Other Expenses	50.70	20.11	7.28	41.97	70.81	49.25	102.35
409.88	589.50		1,316.65	999.38	2,371.35	3	Total Expenses	1,499.81	415.43	409.95	589.88	1,915.24	999.83	3,174.66
7.97		36.39	284.43	44.35	447.96	4	Profit before Exceptional Items	217.19	67.30	7.90	36.04	284.49	43.94	491.78
						S	Add: Exceptional Item
7.97		36.39	284.43	44.35	447.96	9	Profit before Tax	217.19	67.30	7.90	36.04	284.49	43.94	491.78
							ExpenseLess: Tax
2.89		4.34	32.09	7.23	61.35		(a) Current Tax	28.45	3.70	2.89	4.34	32.15	7.23	105.21
(2.12)		(3.17)	8.31	(5.29)	14.27		(b) Mat Credit Entitlement	11.99	(3.68)	(2.12)	(3.17)	8.31	(5.29)	14.22
0.37		0.55	1.30	0.92	0.82		(c) Deferred Tax	0.55	0.75	0.37	0.55	1.30	0.92	0.80
1.15		1.72	41.70	2.88	76.44	7	Total Tax	40.99	0.77	1.15	1.72	41.76	2.88	120.24
6.82		34.67	242.73	41.48	371.52	8	Net Profit	176.21	66.53	6.75	34.31	242.73	41.06	371.54
							Other Comprehensive income (After tax)
		$\mathbf{I}$	ï	$\mathsf{I}$			(a) Items that cannot be Reclassified to P&L A/c
4.85		1.69	5.65	6.54	13.05		Fair Value through OCI of Equity Investment	2.31	3.33	4.85	1.69	5.65	6.54	13.05
			r				(b) Items that can be Reclassified to P&LA/c
4.85		1.69	5.65	6.54	13.05	ø	comprehensive income (a+b)Total Other	2.31	3.33	4.85	1.69	5.65	6.54	13.05
11.67		36.35	248.38	48.01	384.57	$\overline{10}$	Total comprehensive income for the period (8+9)	178.52	69.86	11.60	36.00	248.38	47.59	384.59
1,744.68	1,744.68	1,744.68		1,744.68	1,744.68		Paid Up Share Capital (Face Value Rs 10 each)	1,744.68	1,744.68	1,744.68	1,744.68	1,744.68	1,744.68	1,744.68
							Earning per share (Face Value Rs 10 each)
0.04		0.20	1.39	0.24	2.13		(a) Basic	1.01	0.38	0.04	0.20	1.39	0.24	2.13
0.04		0.20	1.39	0.24	2.13		(b) Diluted	1.01	0.38	0.04	0.20	1.39	0.24	2.13

PANSARI DEVELOPERS LIMITED

(a) COVID - 19 pandemic has caused serious disruption on the global economic and business environment. There is a huge uncertainty with regard to its impact which cannot be reasonably determined at this stage. However, the the extent possible the likely impact that may arise from COVID-19 pandemic as well as all event and circumstances up to the date of approval of these financial statements on the carrying value of its assets and liabilitie

tings held on 13th (b) The Financial Results of the Company for the Quarter and Half year ended 30th September, 2021 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company in their res November, 2021. The Statutory Auditors of the Company have carried out Audit of these results and the results and bising published in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requiremen

Blaked g, (c) The financial results of the company have been prepared in accordance with Indian Accountied under the companies (Indian Accounting Standard) Rules 2015 as ammended by the companies (Indian Accounting Standard)(Ammend

SIUE

d

Director

			PANSARI DEVELOPERS LIMITED
			Corporate Identity Number: L72200WB1996PLC079438
			STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2021
	(d) Consequent to transition from Previous IGAAP to IND AS, the reconcilliation of profit is provided below for the previous period in accordance with the requirements of Paragraph 32 of IND AS 101 " First Time adoptio of
			Stand alone		Consolidated
	Particulars	Half Yearly 2020	Yearly 2021	Half Yearly 2020	Yearly 2021
	Net Profit As Per Indian GAAP	40.60		372.85	40.15	372.85
	Impact of amortisation of security deposit as per IND AS 109	0.88		$-1.33$	0.90	$-1.31$
	Net Profit As per IND AS	41.48		371.52	41.06	371.54
	Fair Value through OCI of Equity Investment	6.54		13.05	6.54	13.05
	Total Comprehensive Income As Per IND AS	48.01		384.57	47.59	384.59
	Changes in Equity		Standalone	Consolidated
			As on 31st March 2021	As on 31st March 2021
	Other Equity as per IGAAP			4,618.574,618.57
	Fair Value through OCI of Equity Investment as per IND AS 109			282.63	282.63
	Fair Value as Deemed Cost as per IND AS 101 for Investment in Property			2,276.632,276.63
	Fair Value as Deemed Cost as per IND AS 101 for PPE			2,189.282,189.28
	Impact of amortisation of security deposit as per IND AS 109			1.77	1.77
	Other Equity as per IND AS			9,368.899,368.89
	(e) The company does not have any extraordinary or exceptional items to report for the above period(g). Comparative figures have been rearranged / regrouped wherever necessary.(f). The Company does not have more than one reportable segment.
	(h) The IND AS-compliant corresponding figures in the previous years have not been subjected to review duit however the company's management has exercised necessary due deligence to insure that such financial results provi
Name of Director: Mahesh AgarwalDin No: 00480731	fatrelitzenDirectorPansari Developed International DEVELOPERS LIMITEL

CO. * SILICO g. VORNS V Ę ಕ MARION.

PANSARI DEVELOPERS LIMITED Corporate Identity Number : L72200WB1996PLC079438 Statement of Assets and Liabilities

					$(Rs$ in Lakhs)
	Standalone				Consolidated
As on 30thSeptember 2021	31st March 2021	S1	Particulars	As on 30thSeptember 2021	31st March 2021
(UnAudited)	(Audited)	No.		(UnAudited)	(Audited)
(Amount in Rs)	(Amount in Rs)	I.	ASSETS	(Amount in Rs)	(Amount in Rs)
		(1)	Non-Current Assets
4,345.93	4,402.21		(a) Property, Plant and Equipment	4,346.74	4,403.09
3,249.25	3,249.58		(b) Investment Property	3,252.00	3,249.58
			(c) Financial Assets
339.44	338.37		(i) Investements	332.06	331.00
13.99	15.29		(d) Deferred Tax Asset	13.89	15.39
707.57	715.88		(e) Other Non-Current Assets	971.45	981.62
8,656.18	8,721.34		Sub-total - Non-Current Assets	8,916.14	8,980.67
		(II)	Current Assets
8,966.34	9,631.13		(a) Inventories	12,141.49	13,309.12
			(b) Financial Assets
			(i) Investments
380.95	584.62		(ii) Trade receivables	382.15	584.62
28.71	53.09		(iii) Cash & cash Equivalents	33.01	57.27
12.60	141.66		(iv) Bank Balances	15.95	170.41
1,591.93	1,147.31		(v) Loans & Advances	1,682.14	1,189.76
360.64	312.32		(c) Other Current Assets	463.76	427.14
11,341.18	11,870.14		Sub-total - Current Assets	14,718.51	15,738.32
19,997.36	20,591.48		TOTAL - ASSETS	23,634.65	24,718.99
			EQUITY AND LIABILITIES
		(III)	EQUITY
1,744.68	1,744.68		(a) Equity Share Capital	1,744.68	1,744.68
9,617.27	9,368.89		(b) Other Equity	9,617.27	9,368.89
11,361.95	11,113.57		Total Shareholder's Funds	11,361.95	11,113.57
		(IV)	Non-Current Liabilities
			(a) Financial Liabilities
	1,185.65		(i) Borrowings		1,185.65
419.54	849.71		(b) Other Non Current Liabilities	635.36	975.34
419.54	2,035.36		Sub-total - Non-Current Liabilities	635.36	2,160.99
		(V)	Current Liabilities
			(a) Financial Liabilities
3,958.31	2,540.07		(i) Borrowings	5,864.00	4,779.25
99.23	115.06		(ii) Trade Payables	142.69	169.52
4,119.96	4,748.73		(b) Other Current liabilities	5,571.50	6,436.26
12.89	12.89		(c) Provisions	12.89	12.89
25.48	25.82		(d) Current tax Liabilities	46.25	46.52
8,215.87	7,442.56		Sub-total - Current Liabilities	11,637.34	11,444.43
19,997.36	20,591.48		TOTAL - EQUITY AND LIABILITIES	23,634.65	24,718.99

For & ON Behalf Of Pansari Developer LimitedPANSARI DEVELOPERS LIMITED

TOU

Value A Name of Director : Mahesh Agarwa Virector Din No: 00480731

PANSARI DEVELOPERS LIMITED Corporate Identity Number : L72200WB1996PLC079438STATEMENT OF CASH FLOWS FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2021

				(Rs in Lakhs)Consolidated
StandaloneYear Ended				Year Ended
30th September2021	31st March 2021	Particulars	30th September2021	31st March 2021
Amount (Rs)	Amount (Rs)	ACash Flow From Operating Activities	Amount (Rs)	Amount (Rs)
284.43	451.07	Profit before tax from continuing operations	284.49	491.78
5.65	299.31	Other Comprehensive Income	5.65	299.31
290.08	750.38	Profit Before Tax	290.14	791.10
		Adjustment for Non cash & Non operating item
56.31	118.61	Depreciation	56.37	118.97
46.39	387.96	Interest & Finance Charges	46.39	363.85
(2.78)	(20.58)	Profit from sale of Land	(2.78)	(20.58)
(0.16)	(6.51)	Profit from sale of Shares	(0.16)	(6.51)
		Profit from sale of Fixed Assets
(2.23)	(21.36)	Interest Received	(2.23)	(21.36)
(0.15)	(0.38)	Dividend Received	(0.15)	(0.38)
387.46	1,208.11	Operating Profit before changes in working capital	387.59	1,225.08
		Movements in working capital:
(15.83)	(33.97)	Increase/(Decrease) in Trade Payables	(26.83)	(85.58)
(628.76)	(237.83)	Increase/(Decrease) in Other Current Liabilities	(864.75)	36.68
	3.40	Increase/(Decrease) in Short Term Provision		3.40
203.67	(210.98)	Decrease/(Increase) in Trade Receivables	202.47	(209.98)
664.79	693.50	Decrease/(Increase) in Inventories	1,167.63	(7.78)
(444.62)	620.37	Decrease/(Increase) in Short Term Loan and Advances	(492.38)	592.21
(478.49)	(82.02)	Decrease/(Increase) in Others Assets and Liabilities	(376.60)	843.76
(311.78)	1,960.57	Net cash flow before Tax and Extra ordinary Item	(2.87)	2,397.81
(32.43)	(41.73)	Direct Taxes (Paid) / Refund	(32.22)	(65.20)
(344.20)	1,918.83	Net cash flow from / (used in ) operating activities (A)	(35.10)	2,332.61
(0.50)	(126.74)	Cash flows from investing activitiesBPurchase of fixed assets, including intangible assets, CWIP and	(0.50)	(126.74)
		capital advances
0.48		Sale of Fixed Assets	0.48
	(92.21)	Decrease/(Increase) in Other Non-Current Assets	1.86	(354.79)
÷	17.36	Decrease/(Increase) in Long Term Loans & Advances
2.20	(268.64)	Decrease/(Increase) in Non-Current Investments	(0.55)	(266.77)
0.15	0.38	Dividend Received	0.15	0.38
2.23	21.36	Interest Received	2.23	21.36
4.56	(448.48)	Net Cash flows from investing activities (B)	3.67	(726.56)
		CCash flows from financing activities
(1, 185.65)	(1, 130.93)	Proceeds/(Repayment) from Long Term borrowings	(1, 185.65)	(1, 130.93)
1,418.24	145.31	Proceeds/(Repayment) from Short Term borrowings	1,084.76	(13.44)
(46.39)	(387.96)	Interest Paid	(46.39)	(363.85)
		Proceeds from Public Issue of Equity shares
186.20	(1,373.58)	Net cash flows from/(used in) in financing activities $(C)$	(147.28)	(1,508.22)
(153.44)	96.78	Net increase / (decrease) in cash and cash equivalent (A+B+C)	(178.71)	97.83
194.75	97.97	Cash and cash equivalent at the beginning of the year	227.68	129.84
41.31	194.75	Cash and cash equivalent at the end of the year	48.96	227.68
		Components of Cash and Cash Equivalents
28.71	53.09	Cash in Hand	33.01	57.27
12.60	141.66	With Banks - On Current Account	15.95	170.41
		Other Bank Balance
41.31	194.75	Total cash and cash equivalents	48.96	227.68
For & ON Behalf Of
		Pansari Develop p Advica RI DEVELOPERS LIMITED		O
Name of Director: Mahesh Agarwal		eçtor

Gred Accounts

Din No: 00480731