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Ravinder Heights Limited — Interim / Quarterly Report 2022
Aug 12, 2021
62922_rns_2021-08-12_f24a8453-007b-4cb7-93c1-b230888b4943.pdf
Interim / Quarterly Report
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August 12,2021 RAVINDER II e.. II
BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 40000 I
BSE: Scrip Code: 543251
National Stock Exchange of India Ltd. Exchange Plaza, Sandra Kurla Complex, Bandra (E), Mumbai - 400 051
The Manager, Listing Department
NSE Symbol: RVHL
Sub: Outcome of the Board Meeting held on August 12,2021 to consider and approve:
- a) Standalone and Consolidated Unaudited Financial Results (Provisional) along with Limited Review Report for the quarter ended June 30, 2021
- b) Date, time and venue of the 2nd Annual General Meeting
- c) Dates of Book Closure
- d) Shifting of Registered Office of the Company.
In continuation to our letter dated August 06, 2021 and pursuant to Regulations 30 and 33 of SEBI (Listing Obligations ami Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), we would like to inform you that the Board of Directors of the Company has, at its meeting held today, i.e. August 12, 2021 , inter-alia, considered and approved the Unaudited Standalone and Consolidated Financial Results (Provisional) of the Company (which have been subjected to Limited Review by the Statutory Auditors) for the quarter ended June 30, 2021. The same were also reviewed by the Audit Committee in its meeting held earlier on August 12, 2021. A copy of the same along with the Limited Review Report is enclosed herewith as Annexure - A.
Further, pursuant to Regulation 46(2)(1) of SEBI LODR Regulations, the above said financial results are being uploaded on the website of the Company i.e. www.ravinderheights.com.
Further, pursuant to Regulation 47( I )(b) of SEBI LODR Regulations, the Extract of Statement of above said financial results for the quarter ended June 30, 2021 in the Format as prescribed in Annexure I of SEBI Circular No. CIRlCFD/FAC/62/20 16 dated 05.07.2016 is being sent for publication in newspapers.
We wish to further inform you that the Board of Directors has also decided that:
- i) the 2ndAnnuai General Meeting of the Company will be held on Wednesday, September 29, 2021 at II :30 A.M. through Video Conferencing I Other Audio-Visual Means; and
- ii) the Register of Members and Share Transfer Books will remain closed from Wednesday, September 22, 2021 to Wednesday, September 29, 2021 (both days inclusive) for the purpose of Annual General Meeting.
- iii) The registered office of the Company be shifted, subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting of the Company, from "Ground Floor, PDS Block, Ambala Chandigarh Highway, Lalru, Punjab-140501 to SCO No. 71, First Floor, Royal Estate Complex, Zirakpur, Punjab-I 40603, w.e.f. October 0 I, 2021.
The meeting of the Board of Directors commenced at 12:00 P.M. and concluded at I: 45 P.M.
This is for your kind information and record please.
For Ravinder Heights Limited Company Secretary and Compliance Officer cum CFO.
Enclosed as above.
Thanking you,
Ravinder Heights Ltd.
CIN: L70109PB2019PLC049331 Registered Office: Gr?und Floor. PDS Block. Ambala-Chandigarh Highway. Lalru. Punjab 140501 . Corporate Office: 7th Floor. DCM Building. 16 Barakhamba Rd. New Delhi 110001 T. +9l 11 43639000 F: +91 11 43639015 E: [email protected] W: www.ravinderheights.com
Chartered Accountants
C-109, Defence Colony, New Delhi - 110 024, India Phones : + 91-11-24645895/96 E-mail: audi[@dpncindia.com
Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
TO THE BOARD OF DIRECTORS OF RA VINDER HEIGHTS LIMITED
-
- We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Ravinder Heights Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") for the quarter ended 30th June 2021 (" the Statement"), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regu lations, 2015, as amended.
-
- This Statement, which is the responsibility of the Parenfs Management and approved by the Parenfs Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generaUy accepted in India. OUT responsibility is to express a conclusion on the Statement based on our review.
-
- We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responSible for financial and accounting matters, and applying analytica l and other review procedures. A review is substantiaUy less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance tl1at we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.
-
- The Statement includes the results of the foUowing entities:
- a. Subsidiary of Ravinder Heights Limited
- i. Radhika Heights Limited
- b. Subsidiaries of Radhika Heights Limited:
- i. Radicura Infra Limited
- ii. Sunanda Infra Limited
Head Offi~: 57·H, Connaug hl ir('u N C'ov Oelh,- 110001. 10( 11" 11honC5 +91 ·11 ·2332 ':; .f 18Bmllil Brnnch O ffi<"e': 0-295. Defence Colo ny. Ne wDdh. - 110 02-1 . Indiil Pho nes +-91- t 1·2-16458<> 1 92 9 E-m;ul dpllc@dpncUldlil com
- iii. Cabana Construction Private Limited
- iv. Nirmala Buildwell Private Limited
- v. Cabana Structures Limited
- vi. Nirmala Organic Farms & Resorts Private Limited
-
- Based on our review conducted and procedures performed as stated in paragraph 3 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 Indian Accounting Standard 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.
-
- Emphasis of Matter
We draw attention to Note 3 of the Statement which describes the group management's assessment of the impact of the outbreak of Covid-19 on revenue, trade receivables, investments and other assets. The management believes that no adjustments are required in the financial statements as there is no impact in the current financial year. However, in view of highly uncertain economic environment and its likely effect on future revenues due to Covid-19, a definitive assessment of the impact on the subsequent periods is dependent upon circumstances as they evolve.
Our conclusion is not modified in respect of above matter.
-
- Other Matter
- a. We did not review the interim financial results of one subSidiary included in the statement, whose interim financial results reflect total revenues of Rs. 0.35 Lakh, total net loss after tax of Rs.10.46 Lakh and total comprehensive loss of Rs.10.46 Lakh for the quarter ended 30.06.2021, as considered in the statement. These interim financial results have been reviewed by other auditor whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on the reports of the other auditor and the procedures performed by us as stated in paragraph 3 above.
Our conclusion on the Statement is not modified in respect of the above matters.
- b. The statement includes the interim financial results of six subsidiaries which have not been audited by their auditors, whose interim financial results reflect total revenue of Rs. Nil, total net profit after tax of Rs. 1.97 Lakh and total comprehensive income of Rs.1.97 Lakh for the quarter ended 30.06.2021. These interim financial statements have not been reviewed by their auditors. According to the information and explanations given to us by the Management, these interim financial statements are not material to the Group.
- c. The Statement includes the results for the quarter ended 31" March, 2021 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 respective financial year which were subject to limited review by us.
Our conclusion on the Statement is not modified in respect of the above matters.
Place of Signature: New Delhi Date: 12th August, 2021
Chartered Accountants
C-109, Defence Colony, New Delhi - 110 024. India Phones: +91-11-2 4645895196 E-mail: [email protected]
Independent Auditors Review report on Standalone Unaudited Quarterly Financial Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)
To the Board of Directors of
Ravinder Heights Limited
-
- We have reviewed the accompanying Statement of wlaudited standalone financial results of Ravinder Heights Limited ("the Company") for the quarter ended 30th June 2021 ("the Statement"), being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). 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 financial statements based on our review.
-
- 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 Institu te 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 provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
-
- Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results prepared in accordance with applicable accounting standards and other recognized 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 including the manner in which it is to be disclosed, or that it contains any material misstatement.

Head OffiC'e: 57.1"1, Connausht Circu.., Nt"VI· Delhi· ItO OOt, lnd,a I)hones ' .. 91-1 J-2 B22 ~59 1 ... 18 L!milll dpnccp@dpnC' lfldia com Branch Offin:-: 0·295 . .Defenc(' Colony. New Delhi - 110024. Jndl" Phones + 91·11·240.'5891 9293 E-mail dp.u.-@dp"cmdiit .com
4. Emphasis of Matter
We draw attention to Note 3 of the Statement which describes the management's assessment of the impact of the outbreak of Covid-19 on revenue, trade receivables, investments and other assets. The management believes that no adjustments are required in the financial statements as there is no impact in the current financial year. However, in view of highly uncertain economic environment and its likely effect on future revenues due to Covid-19, a definitive assessment of the impact on the subsequent periods is dependent upon circumstances as they evolve.
Our conclusion is not modified in respect of above matters.
- Other Matter
The Statement includes the results for the quarter ended 31st March, 2021 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 respective year which were subject to limited review by us.
Our conclusion is not modified in respect of above matter.
For Dewan P. N. Chopra & Co. Chartered Accountants Firm Regn-. - 72N
1'\ Chop , . I'. P rtnerR!;}4J!::;;:) <I' ('
\
Membership No. 505371 UDIN: 21505371AAAAPU7641 Place of Signature: New Delhi Date: 12th August, 2021
патниет пещню синко CIN: L70109PB2019PLC049331
RAVINDER
EVA.
REGD.OFFICE: Ambala-Chandigarh Highway, Lalru, Punjab - 140501
STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2021 CONSOLIDATED Quarter Ended Year Ended Sr. $31 - 03 - 2021$ PARTICULARS 30-06-2021 30-06-2020 31.03.2021 No. (Unaudited) (Unaudited) (Audited) (Audited) $\overline{\mathbf{1}}$ Income 0.83 1.79 a) Revenue from operations 3.76 107.52 b) Other Income 100.25 80.82 347.39 Total Income 108.35 102.04 80,82 351.15 $\overline{c}$ Expenses a) Land Development & other related expenses 105.60 105.60 á. b) Cost of Material consumed 0.53 c) Changes in Inventory of Finished Goods, Stock In Trade and Work In Progress $(105.60)$ $(105.60)$ d) Employees benefits expense 16.11 18.36 4.00 45.22 e) Depreciation & amortization expenses 37.68 53.69 60.46 213.35 f) Finance Costs 5.84 1.94 $2.18$ g) Other expenditure 467.67 7.36 38.40 597.56 Total Expenses 98.56 541.65 71.82 858.31 3 Profit (+)/ Loss (-) before Exceptional Items and Tax (1-2) $(507.16)$ 9.79 $(439.62)$ $9.00$ Exceptional Items- (Income/(Expense)) 4 5 Profit (+)/ Loss (-) before tax (3+4) 9.79 $(439.62)$ $9.00$ $(507.16)$ 6 Tax Expense 28.04 $(63.50)$ 2.36 $9.15$ - Current Tax 24.23 12.34 13.64 82.78 - Deferred Tax 3.81 $(75.73)$ $(11.28)$ $(73.53)$ - MAT Credit Utilisation / (Entitlement) ä, - Related to previous year $(0.10)$ $(0.10)$ $\overline{7}$ Profit (+)/ Loss (-) after tax for the peirod (for Continuing Operations (5-6) $(18.25)$ $(376.11)$ 6.64 $(516.31)$ 8 Net Profit (+) / Loss (-) before tax (from discontinued operations) 1.07 10.91 16.04 46.47 9 Tax expnese of Discontinued Operations $(0.98)$ $(2.31)$ 4.03 $3.23$ Net Profit (+) / Loss (-) after tax for the period 10 2.05 13.22 12.01 43.24 (from Discontinued Operations) (8-9) Net Profit (+) / Loss (-) after tax for the period 11 $(16.20)$ $(362.90)$ 18.65 $(473.07)$ (from Continuing & Discontinued Operations) (7+10) $12$ Other Comprehensive Income (net of tax expense) 13 Total Comprehensive Income for the period (11+12) $(16.20)$ $(362.90)$ 18.65 $(473.07)$ Paid-up Equity share capital (Face value of Rs.1/- each) $14$ 612.51 612.51 612.51 612.51 15 Reserves excluding Revaluation Reserves ۰ 16 Earning Per Share (EPS) (Not Annualized) Earning per share for Continuing Operations [face value of Share Re. 1/-each] $(0.03)$ $(0.61)$ $0.01$ $(0.84)$ - Basic and diluted earnings per equity share (in Rs.) Earning per share for Discontinued Operations [face value of Share Re. 1/-each] $0.00$ $0.02$ $0.02$ $0.07$ - Basic and diluted earnings per equity share (in Rs.) Earning per share for Continuing and Discontinued Operations [face value of Share Re. 1/each] $-0.03$ $-0.59$ $0.03$ $-0.77$ - Basic and diluted earnings per equity share (in Rs.)
Sunande Tails.
(Rs. In Lakh)
Ravinuer rieigno Limiteu
CIN: L70109PB2019PLC049331
設置 RAVINDER
REGD.OFFICE: Ambala-Chandigarh Highway, Lalru, Punjab - 140501
| STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2021 | STANDALONE | ||||
|---|---|---|---|---|---|
| Sr.No. | PARTICULARS | Quarter Ended | |||
| 30-06-2021(Unaudited) | 31-03-2021(Unaudited) | 30-06-2020(Audited) | Year Ended31.03.2021(Audited) | ||
| 1 | Incomea) Revenue from operations | 35.32 | 44.33 | $\alpha$ | 110.09 |
| b) Other Income | 1.14 | 0.96 | 1.60 | ||
| Total Income | 36.46 | 45.29 | 111.69 | ||
| $\overline{\mathbf{z}}$ | Expenses | ||||
| a) Land Development & other related expenses | ü | ||||
| b) Changes in Inventory of Finished Goods, Stock In Trade and Work In Progress | ٠ | ||||
| c) Employees benefits expense | 4.64 | 5.28 | 1.89 | 13.55 | |
| d) Depreciation & amortization expenses | 26.25 | 28.12 | 27.88 | 112.91 | |
| e) Finance Costs | 0.11 | 0.10 | 0.20 | ||
| f) Other expenditure | 10.02 | 6.57 | 0.20 | 55.35 | |
| Total Expenses | 41.02 | 40.07 | 29.97 | 182.01 | |
| 3 | Profit (+)/ Loss (-) before Exceptional Items and Tax (1-2) | (4.56) | 5.22 | (29.97) | (70.32) |
| 4 | Exceptional Items- (Income/(Expense)) | ||||
| 5 | Profit (+)/ Loss (-) before tax (3+4) | (4.56) | 5.22 | (29.97) | (70.32) |
| 6 | Tax Expense | 4.43 | (52.79) | (5.34) | (57.49) |
| - Current Tax | (11.55) | ×. | |||
| - Deferred Tax | 4.43 | (41.24) | (5.34) | (57.49) | |
| - MAT Credit Utilisation / (Entitlement) | |||||
| - Related to previous year | |||||
| $\overline{7}$ | Profit (+)/ Loss (-) after tax for the peirod (for Continuing Operations (5-6) | (8.99) | 58.01 | (24.63) | (12.83) |
| 8 | Net Profit (+) / Loss (-) before tax (from discontinued operations) | ||||
| 9 | Tax expnese of Discontinued OperationsNet Profit (+) / Loss (-) after tax for the period | ||||
| 10 | (from Discontinued Operations) (8-9) | ||||
| 11 | Net Profit (+) / Loss (-) after tax for the period | (8.99) | 58.01 | (24.63) | (12.83) |
| 12 | (from Continuing & Discontinued Operations) (7+10)Other Comprehensive Income (net of tax expense) | ||||
| 13 | Total Comprehensive Income for the period (11+12) | (8.99) | 58.01 | (24.63) | (12.83) |
| 14 | Paid-up Equity share capital (Face value of Rs.1/- each) | 612.51 | 612.51 | 612.51 | 612.51 |
| 1516 | Reserves excluding Revaluation ReservesEarning Per Share (EPS) (Not Annualized) | ||||
| Earning per share for Continuing Operations [face value of Share Re. 1/-each] | |||||
| Basic and diluted earnings per equity share (in Rs.) | (0.01) | 0.09 | (0.04) | (0.02) | |
| Earning per share for Discontinued Operations [face value of Share Re. 1/-each]Basic and diluted earnings per equity share (in Rs.) | |||||
| Earning per share for Continuing and Discontinued Operations [face value of Share Re. 1/-each] | $-0.01$ | 0.09 | $-0.04$ | $-0.02$ | |
| - Basic and diluted earnings per equity share (in Rs.) | |||||

Sunande Jan.
(Rs. in Lakh)

Notes:
- The above financial resulls have been reviewed by Ihe audit c(lmmittee and approved by th" Board of Directors at their mspechve meetings held on August] 2, 2021 . The financial results arc in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act 20n, read with rule 1 of tl,e Companics (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) (Amendment Rules), 2016.
2. Discontinued Operations
a. Demerger of Leasing Business
On June 26, 2020 and August 29, 2020, the Board of directors have approved a Composite scheme of arrangement for de merger of its Leasing business comprising one real estate properties from wholly owned subSidiary Radhika Heights Limited ("RHL") ("Demerged Undertaking") to wholly-owned subSidiary of Panacea Biotech Limited ('Transferee Company") and amalgamation of a wholly owned subsidiary of RHL i.e., Cabana Structures Limited ("Transferor Company") into RHL. Upon implementation of the demerger scheme and completion of related compliances, the Transferee Company (Meyten Realtech India Private Limited) shall issue one equity share of Re.l each for each equity share held by the equity shareholders of the RHL as on the record date fixed on U,at behalf.
The first motion application for scheme was listed for hearing before NCLT, Chandigarh Bench on 27.04.2021. However, due to surge in Covid cases, NCL T Chandigarh Bench vide its notice dated 20.04.2021 has extended the date of hearing of all pending matters. Now, the said application is listed for hearing on 16.07.2021.
b. Assets held for sale
During the year 2020-21, Radhika Heights Limited (Vendor) has executed Agreement to scil on dated 31st March'2021 with M/ s LA Cassa Construciton, LLP (Vendee) for sale of its business property bearing no. 364, in Block 'C', measuring 325 square yard, situated at Defence Colony, New Delhi - 110024. The total consideration sum of R •. 6 Cr. has been mutually agreed by both the parties for the sale of said property. Out of the total consideration of Rs. 6 Cr. the Vendor ha.5 received the advance money of Rs. 20 lakhs as a part of sale consideration from tlVendeel1 during the financial year 2021-22.
In accordance with the provisions of Indian Accounting Standard 105 - 'Non-current Assets Held for Sale and Discontinued Operations'. The assets / liabilities of the Leasing Business have been disclosed under" Assets classified as held for sale and discontinued operations" / "Liabilities direcUy associated with assets classified as held for sale and discontinued operations" in the Consolidated Statement of Assets and Liabilities.
Financial performance and Cash flnw for t.he Leasing Business and Asset Held (Of Sale:
| (Rs. In Lakh) | |||
|---|---|---|---|
| Particulars | For theperiodending 30,hJune'2021 | For tht! yearended 318tMarch 2021 | For theperiodending30'"June'2020 |
| a.Analysis of profit/(Ioss) from discontinued operations | |||
| Profit/ (loss) for the year from | |||
| discontinued operations | |||
| Revenue from Operations | 5.76 | 69.12 | 17.28 |
| Other Income | - | - | - |
| Total Income | 5.76 | 69.]2 | 17.28 |
| Expenses | |||
| Employe~ Benefit Expenses | 0.71 | 2.43 | 0.54 |
| Other expenses | 3.98 | 39.05 | 0.70 |
| Total Expense | 4.69 | 41.48 | 1.24 |
| Before ExceptionalJtemsProfit! (Loss)and Tax | 1.07 | 27.64 | 16.Q4 |
| Exceptional Items | - | - | - |
| ProHt/ (Loss)BeforeTaxfromDiscontinued Operations | 1.07 | 27.64 | 16.04 |
| Current Income Tax Expense | 0.11 | 6.32 | 3.87 |
| Deferred Tax | (1.11) | (3.09) | 0.16 |
| AfterTaxfromProfit/(Loss)Discontinued Operations | 2.05 | 24.41 | 12.01 |
| Net Cash flows attributable to the discontinued operationsb. | |||
| NetCash(outflows) / inflowsfromoperating activities | - | - | |
| Net Cash used in investing activities | - | - | |
| NetCash(outflows)/ inflowsfromfinancing activities | - | - | - |
| Net Cash (outflows)/inflows | - | - | - |
| Book value of assets and liabilities of discontinued operationsc. | |||
| Property, Plant and Equipment | 3,901.64 | 3,901.64 | 3,301.64 |
| Trade Receivables | 95.62 | 88.82 | 32.83 |
| Other Current Assets | - | - | - |
| Total Assets | 3,997.26 | 3,990.46 | 3,334.47 |
| Deferred Tax Liabilities | 869.48 | 869.83 | 649.82 |
| Trade Paya ble | 0.02 | ] .92 | 0.06 |
| Other Current Liabilities | 0.06 | 0.24 | 0.02 |
| Provisions | 0.03 | 0.11 | - |
| Total Liabilities | 869.59 | 872.10 | 649.89 |
| Net Assets | 3,127.67 | 3,118.36 | 2,684.58 |

L
-
- The Group has assessed the possible dfect-; that may result from the pandemic relating t<) COVlD-19 on the carrying amounls of Property, Plant & Equipment, Receivables, Inventories, Investments and other assets. In developing the assumptions relating to the possible futurc uncertainti~s in the global economic conditions because of this pandemic, the Group, as at the date of approval of these financial result-; ha .• used internal and external sources of Information. The management does not sec any risks in the company's ability to continue as a going concern . The Group has used the principles of prudence in applying judgements, estimates anu assumptions and based on the current estimates, the Group expects to recover the carrying amount of all aforesaid asset:;. The eventual outcome of impact of the global health pandemic may be different from those estimated as on the date 01 approval 01 this financial information . Due to the nature of the pandemiC, the Group wiU continue tn monitor developments to identify Significant uncertainties in future periods, if any.
-
- Figures for the quarter ended 31st March, 2021 represent the difference between the audited figures in respect of the full financial year and the published unaudited figures of nine months ended 31st December, 2020.
-
- Based on the gUiding principles given in lnd AS -108 "Operating Segment", the Company is mainly engaged in th.e business of real estate development viz. construction of residential I commercial properties and renting of property. As the Company's business actually falls within a single segment the disclosure requirement of Ind AS -108 in this regard are not applicable.
-
- Previous quarter figures have been regrouped / reclassified wherever considered necessary to conform to the current period classification.
For and on behalf of the Board of Directors For Ravinder Heights Limited
'. C:~v\LW~J Lt .
Place: New OeUli . Date: Augustl2,2021
1
Sunanda Jain Chairper~on ~m Managing Director DIN: 03592692
UPIN - 21505371AAAAPU7641/ 21505371AAAAPV6510
