31st May, 2021

Corporate Relations Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001

Dear Sir,

Security Code: 503229

Sub.: Audited Financial Results (Standalone and Consolidated) for the quarter and year ended 31st March, 2021

Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations, 2015) we are pleased to inform that the Board of Directors of the Company at its meeting held on today i.e.31st May, 2021, interalia, considered and approved the Audited Financial Results (Standalone and Consolidated) for the quarter and the year ended 31st March, 2021 and the said results have been reviewed by the Audit Committee.

The declaration in respect of Auditor's Report with unmodified opinion is enclosed herewith.

Kindly take the same on your record and acknowledge the receipt for the same.

Thanking you,

Yours faithfully,

Paras Shah Company Secretary & Compliance Officer

Khandelwal & Mehta LLP

Chartered Accountants $(LLP NO.AAE-3742)$

INDEPENDENT AUDITOR'S REPORT ON AUDIT OF ANNUAL STANDALONE FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS

To The Board of Directors of Simplex Realty Limited

Opinion and Conclusion

We have audited the Standalone Financial Results for the year ended March 31, 2021 and reviewed the Standalone Financial Results for the quarter ended March 31, 2021, which were subject to limited review by us, both included in the accompanying "Statement of Standalone Financial Results for the Quarter and Year Ended March 31, 2021" of SIMPLEX REALTY LIMITED ("the Company"), ("the Statement"), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations").

Opinion on Annual Financial Results

In our opinion and to the best of our information and according to the explanations given to us, the Standalone Financial Results for the year ended March 31, 2021:

(ii) is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended; and
(iii) gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India of the Net Profit and Total Comprehensive Income and other financial information of the Company for the year ended March 31, 2021.

Conclusion on Unaudited Standalone Financial Results for the quarter ended March 31, 2021

With respect to the Standalone Financial Results for the quarter ended March 31, 2021, based on our review conducted and procedures performed as stated in paragraph (b) of Auditor's Responsibilities section below, nothing has come to our attention that causes us to believe that the Standalone Financial Results for the quarter ended March 31, 2021, prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards 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.

Basis for Opinion on the Audited Standalone Financial Results for the year ended March 31, 2021

1403 - Sai Indu Tower, Opp. Corpora Mall, LBS Marg, Bhandup West, Mumbai 400078. e e-mail: [email protected] Partners : S.L. Khandelwal - 098212 45353 · S.A. Momaya - 098214 32657 GSTIN: 27AAPFK6261N1ZL

Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India ("ICAI") together with the ethical requirements that are relevant to our audit of the Standalone Financial Results for the year ended March 31, 2021 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 ICAI's Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.

Management's Responsibilities for the Statement

This Statement, which includes the Standalone Financial Results is the responsibility of the Company's Board of Directors and has been approved by them for the issuance. The Standalone Financial Results for the year ended March 31, 2021, has been compiled from the related audited interim Standalone financial information. This responsibility includes the preparation and presentation of the Standalone Financial Results for the quarter and year ended March 31, 2021 that give a true and fair view of the Standalone net profit and Standalone other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards, prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company 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 the accuracy and completeness of the accounting records, relevant to the preparation and presentation of Standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Standalone Financial Results, the Board of Directors of the Company are responsible for assessing the ability of the Company to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the 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 are responsible for overseeing the financial reporting process of the Company.

Auditor's Responsibilities

(a) Audit of the STANDALONE Financial Results for the year ended March 31, 2021

Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results for the year ended March 31, 2021 as a whole is 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 this Standalone Financial Results.

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 Annual Standalone Financial Results, 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, but not for the purpose of expressing an opinion on the effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.
Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the Listing Regulations.
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 Standalone Financial Results 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 Annual Standalone Financial $\bullet$ Results, including the disclosures, and whether the Annual Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.
$\bullet$ Perform procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations to the extent applicable.
Obtain sufficient appropriate audit evidence regarding the Annual Financial Results / Financial Information of the, entities within the Company to express an opinion on the Annual Standalone Financial Results.

Materiality is the magnitude of misstatements in the Annual Standalone Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Annual Standalone Financial Results may be influenced.

We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Annual Standalone Financial Results.

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.

(b) Review of the Standalone Financial Results for the quarter ended March 31, 2021

We conducted our review of the Standalone Financial Results for the quarter ended March 31, 2021 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 ICAI. A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with SA specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Other Matters

The Statement includes the results for the Quarter ended March 31, 2021 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

For Khandelwal and Mehta LLP Chartered Accountants Firm Reg. No. W100084

SUNIL Digitally signed by SUNIL LAKHMICHAN LAKHMICHAND D KHANDELWAL KHANDELWAL 2021.05.31

(Sunil Khandelwal) Partner Membership No: 101388

Place: Mumbai Date: 31^st May, 2021. UDIN: 21101388AAAACB7800

SIMPLEX REALTY LIMITED

30 KESHAVRAO KHADYE MARG, SANT GADGE MAHARA LCHOWK, MUMBAL 400 011 STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2021

						₹in Lakhs)
			Quarter ended		Year ended
Sr. No.	Particulars	31.03.2021	31.12.2020	31.03.2020	31.03.2021	31.03.2020
		Audited	Unaudited	Audited	Audited	Audited
	Revenue from operations	16.55	85.46	332.22	415.60	909.23
$\overline{2}$	Other income	145.04	120.09	121.94	508.55	473.51
3	Total income (1+2)	161.59	205.55	454.16	924.15	1,382.74
4	Expenses
	a) Cost of development/sales	(0.22)	58.59	324.75	442.14	837.40
	Employee benefits expense lb)	71.62	66.85	71.77	270.19	258.44
	Finance costs lc)	3.97	4.31	6.46	20.63	35.75
	Depreciation ld)	3.38	3.05	4.63	12.35	18.20
	Other expenses le)	40.48	31.84	39.18	138.03	173.08
	Total expenses	119.23	164.64	446.79	883.34	1,322.87
5	Profit/(Loss) before exceptional items and tax (3-4)	42.36	40.91	7.37	40.81	59.87
6	Exceptional items
	Profit/(Loss) before tax (5-6)	42.36	40.91	7.37	40.81	59.87
8	Tax expenses :
	Current tax	7.01		0.03	7.01	13.05
	Deferred tax liability/ (asset)	(14.57)	16.01	(0.87)	(12.72)	42.11
	Earlier year taxes	0.02			0.02	(0.66)
9	Profit/(Loss) for the period (7-8)	49.90	24.90	8.21	46.50	5.37
10	Other Comprehensive Income/(Expense) - (OCI) - (net of tax)
	a) Items that will not be reclassified to profit or loss	36.24	(13.72)	(40.17)	54.43	(98.40)
	b) Items that may be reclassified to profit or loss	(2.04)	21.67	(6.44)	44.23	(8.64)
	Total Other Comprehensive Income/(Expense)	34.20	7.95	(46.61)	98.66	(107.04)
11	Total Comprehensive Income/(Expense) for the period (9+10)	84.10	32.85	(38.40)	145.16	(101.67)
12	Paid-up equity share capital (face value of ₹10/- each)	299.14	299.14	299.14	299.14	299.14
13	Other equity excluding Revaluation reserves				10,861.52	10,716.36
14	Basic & Diluted earnings per share (face value of ₹10/- each)*	1.67	0.83	0.27	1.55	0.18

Notes:

The above results of the Company have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 31st May, 2021. $1.$

The financial results are in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 read with rules made thereunder and $2.$ other recognised accounting practices and policies to the extent applicable.

The figures of the last quarter are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the respective financial year.

The Company, as at the date of approval of these financial results has considered internal and external sources of information, in assessing the possible effects that may result from the 4. global health pandemic relating to COVID-19 on the carrying amounts of loans, investments, inventories and other assets. As on the date of approval of these financial results, the Company has concluded that the impact of COVID - 19 is not material based on these estimates and expects to recover the carrying amount of these assets. Due to the nature of the pandemic, the Company will continue to monitor any changes to the future economic conditions.

The statutory auditors have expressed an unqualified audit opinion on the audited standalone financial results for the quarter and year ended 31st March, 2021. 5.

The Code on Social Security, 2020 ('the code') has been notified in the Official Gazette on September 29, 2020. However, the date on which the code will come into effect has not been ĥ notified. Impact, if any, of the changes will be assessed and accounted in the period in which the said Code becomes effective.

The Company has only one business segment viz real estate development, disclosure under Ind AS 108 on "Operating Segments" is not applicable.
Figures of the previous period/ year have been regrouped wherever necessary to conform to the current period/ year presentation.

For Simplex Realty Limited

Nandan Damani Chairman & Managing Director

Place: Mumbai, Dated: 31st May, 2021

CIN-L17110MH1912PLC000351

30, Keshavrao Khadye Marg, Sant Gadge Maharaj Chowk, Mahalaxmi (E), Mumbai - 400011 $T$ : +91 22 2308 2951 | F: +91 22 23072773 | E: [email protected] | W: www.simplex-group.com

AUDITED STANDALONE STATEMENT OF ASSETS AND LIABILITIES AS ON 31ST MARCH, 2021

			(₹ In Lakhs)
	Particulars	Year ended	Year ended
		31.03.2021	31.03.2020
	A ASSETS
1	Non-Current Assets
	Property, Plant and Equipment	176.96	138.95
	Financial Assets:
	Investments	2,759.57	2.613.34
	Loans	5.92	4.39
	Other Financial Assets	12.50	12.50 431.70
	Deferred Tax Assets (Net) Other Non-Current Assets	427.80	154.35
		174.17
	Total Non-current Assets	3,556.92	3.355.23
II.	Current Assets
	Inventories	3,163.53	3,514.14
	Financial Assets:
	Investments	661.28	1.005.21 21.75
	Cash and Cash Equivalents Bank Balances other than above	24.89
		9.36	11.02
	Loans Other Financial Assets	2,958.35	2,238.20 493.68
	Other Current Assets	302.24 840.74	841.37
	Total Current Assets	7,960.39	8,125.37
	TOTAL ASSETS	11,517.31	11,480.60
в	EQUITY AND LIABILITIES
1	Equity
	Equity Share Capital	299.37	299.37
	Other Equity	10,861.52	10.716.36
	Total Equity	11,160.89	11,015.73
	Liabilities
H.	Non-Current Liabilities:
	Financial Liabilities:
	Borrowings	65.21	165.29
	Other Non-Current Financial Liabilities	17.60	15.90
	Provisions	$-18.23$	19.55
	Other Non-Current Liabilities	0.43	2.17
	Total Non-Current Liabilities	101.47	202.91
	III Current Liabilities Financial Liabilities:
	Trade Payables	15.49	14.77
	Other Financial Lliabilities	174.89	181.39
	Other Current Liabilities	5.51	13.31
	Provisions	59.06	52.49
	Total Current Liabilities	254.95	261.96
	Total Liabilities TOTAL EQUITY AND LIABILITIES	356.42	464.87
		11,517.31	11,480.60

$\mathcal{U}$

CIN-L17110MH1912PLC000351

30, Keshavrao Khadye Marg, Sant Gadge Maharaj Chowk, Mahalaxmi (E), Mumbai -- 400011
T: +91 22 2308 2951 | F: +91 22 23072773 | E: [email protected] | W: www.simplex-group.com

SIMPLEX REALTY LIMITED

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2021

			2020-21	2019-20
А.	CASH FLOW FROM OPERATING ACTIVITIES: PROFIT BEFORE TAX		40,81,112	59,86,669
	Adjustments for: Depreciation on property, plant and equipment		12,34,978	18,20,081
	Interest expenses		20,63,108	35,75,485
	Profit on sale of investments (net)		(25, 34, 605)	(6, 50, 293)
	Dividend income		(16, 39, 389)	(9, 52, 230)
	Interest income		(4, 21, 08, 338)	(4, 27, 64, 892)
	Profit on sale of fixed assets Changes in fair value of financial assets at fair value through profit or loss		(19, 92, 765) 3,30,573	(3,92,095)
	Unwinding of discount on security deposit		(1,73,786)	(1,73,786)
	OPERATING LOSS BEFORE EXCEPTIONAL ITEM AND WORKING CAPITAL CHANGES Adjustment for changes in working capital		(4,07,39,112)	(3,35,51,061)
	Adjustment for (increase) / decrease in operating assets:
	Inventories		3,50,61,060	3,96,60,192
	Other financial assets		3,06,41,659	(3, 15, 90, 564)
	Other current assets Other bank balances		63,698 1,65,514	(76, 33, 531) 1,40,389
	Adjustment for increase / (decrease) in operating liabilities:
	Other financial liabilities		(17, 36, 488)	(23, 26, 177)
	Trade payables		71,131	(7, 36, 713)
	Long-term provisions		(1, 12, 392)	4,08,639
	Short-term provisions		6,56,720	5,58,582
	Other liabilities		(7, 79, 788)	(6, 42, 770)
	CASH GENERATED FROM / (USED IN) OPERATIONS Direct taxes (paid) / refund received		2,32,92,002 (26, 84, 298)	(3, 57, 13, 014) (26, 85, 552)
	NET CASH GENERATED FROM / (USED IN) OPERATING ACTIVITIES	(A)	2,06,07,704	(3,83,98,566)

В.	CASH FLOW FROM INVESTING ACTIVITIES:
	Purchase of fixed assets		(51, 43, 084)	(9, 27, 056)
	Sale of fixed assets Purchase of investments		21,00,000 (18, 48, 65, 883)	(37, 95, 78, 736)
	Sale of investments		21,76,61,425	14,39,63,815
	Dividend received		16,39,389	9,52,230
	Interest received		3,11,42,793	5,92,88,629
	Loans / Inter corporate deposits refund / (given) - net		(7, 20, 15, 000)	22,95,46,290
	NET CASH (USED IN) / GENERATED FROM INVESTING ACTIVITIES	(B)	(94, 80, 360)	5,32,45,172
C.	CASH FLOW FROM FINANCING ACTIVITIES:
	Proceeds from / (repayment) of borrowings (net)		(89, 21, 158)	(1, 14, 24, 171)
	Interest paid		(18, 92, 238)	(34, 21, 199)
	NET CASH (USED IN) FINANCING ACTIVITIES	(C)	(1,08,13,396)	(1,48,45,370)
	NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS	$(A+B+C)$	3,13,948	1,236
	CASH AND CASH EQUIVALENTS - AT THE START OF THE YEAR		21,74,653	21,73,417
	CASH AND CASH EQUIVALENTS - AT THE END OF THE YEAR		24,88,601	21,74,653
	Cash and cash equivalents comprise of:		As on 31.03.21	As on 31.03.20
	Balances with Banks: - in Current accounts		24,75,616	20,55,509
	Cheques on hand			12,890
	Cash on hand		12,985	1,06,254
	Cash and cash equivalents		24,88,601	21,74,653

CIN-L17110MH1912PLC000351

30, Keshavrao Khadye Marg, Sant Gadge Maharaj Chowk, Mahalaxmi (E), Mumbai - 400011
T: +91 22 2308 2951 | F: +91 22 23072773 | E: [email protected] | W: www.simplex-group.com

Khandelwal & Mehta LLP

Chartered Accountants $(LLP NO.AAE-3742)$