Skyline Millars Ltd — Interim / Quarterly Report 2021

Aug 5, 2021

Stt Augus! 2021

To, Lh"Yryger - Listing Deparrment The BSE Limited PhirozeJeej eebhoy Towers, Dalal Street, Mumbai _ 400 001.

Reference: - skyline MilIars Limited BSE Code _ 5056s0

Dear Sir(s),

we wish to inform you that the Board of Directors ^dand took on record the Un_Audited Financial r ended 30t, June, 2021,.

ended Please 30nJune, find enclosed 2021arongwith a copy of the said un-Audited Financial Results for the first quarter Auditor's Limitea n"rri"* Report.

The Board meeting cornmence d, at2.4sp.m. and concruded at 4i rE p.m.

Kindly take the same on record and acknowledge the receipt.

For Skyline Millars Limited

Whole-time Director DIN:01448536 Encl.: as above

Sales Office : C/2, Skyline Welthspace, Gate No. 2, Skyline Oasis, Premier Road, Vidyavihar (w), Mumbai - 400 086. Tet. : (022\ 2511 2194 | 95

SKYLINE MILLARS LIMITED CIN NO. L63020MH1919PLC000640 EIN NO. LOSOZUIVITLESES FLUOUGAU
REGD. OFFICE : 4TH FLOOR, CHURCHGATE HOUSE
32-34, VEER NARIMAN ROAD, FORT, MUMBAI - 400001
STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR NINE MONTHS ENDED 30TH JUNE, 2021

Sr. No.	Particulars	Quarter ended			YEAR ENDED
		30.06.2021 (Unaudited)	31.03.2021 (Unaudited)	30.06.2020 (Unaudited)	31.03.2021 (Audited)
	Income (a) Revenue from operations (b) Other Income	0.32 8.44	21.68 8.64	0.00 8.61	423.52 68.07
$\mathbf{1}$	Total Income	8.76	30.32	8.61	491.59
	Expenses
	(a) Cost of materials consumed		÷		0.00
	(b) Purchase of stock in trade (c) Change in inventories of finished goods, work-in-progress and stock-in-trade				0.00
	(d) Cost of Construction		19.55	¥	78.21
	(e) Employee benefits expenses		0.00		0.00
	(f) Finance cost	7.53	7.70 (0.00)	6.45 0.05	29.23 0.16
	(g) Depreciation and amortisation expenses	0.39	0.59	0.75	2.72
	(h) Other Expenses	19.54	33.43	7.50	74.42
2	Total Expenses	27.46	61.27	14.75	184.74
3	Profit / (Loss) before exceptional items and tax (1-2)	(18.70)	(30.95)	(6.14)	306.85
4	Exceptional items
5	Profit / (Loss) before tax (3 - 4)	(18.70)	(30.95)	(6.14)	306.85
	Tax Expense ريدا a) Current tax
	b) (Excess)/Short Tax Provision of earlier years
	c) Deferred tax		0.00	(0.00)	(0.19)
6	Total Tax Expense	۰	(0.00) (0.00)	(0.00)	32.45 32.26
7	Profit / (Loss) for the period from continuing operations (5 - 6)	(18.70)	(30.95)	(6.13)	274.60
8 9	Loss from discontinuing operations Tax Expenses of discontinuing operations	(2.03)	(2.62)	(3.98)	(35.88)
10	Loss from discontinuing operations (8 - 9)	(2.03)	(2.62)	(3.98)	(35.88)
11	Profit / (Loss) for the period $(7 + 10)$	(20.73)	(33.57)	(10.12)	238.72
	Other Comprehensive Income (Net of Tax)
	A. Items that will not be reclassified to Profit & Loss
12	Total Other Comprehensive Income	0.13 0.13	0.12 0.12	0.05 0.05	0.18 0.18
13	Total Comprehensive Income for the period (11+12)	(20.60)	(33.45)	(10.07)	238.90
14	Paid up Equity Share Capital (Face Value Re 1/- each)	402.24	402.24	402.24	402.24
15	Reserves excluding Revaluation Reserves as per Balance Sheet of the previous accounting year				2,283.97
16	Earning per Share (EPS) a) Earning per share Basic & Diluted (in Rs) (for continuing operations) (not
	annualised) b) Earning per share Basic & Diluted (in Rs) (for discontinuing operations) (not	(0.05)	(0.08)	(0.02)	0.68
	annualised)	(0.01)	(0.01)	(0.01)	(0.09)
	c) Earning per share Basic & Diluted (in Rs) (for total operations) (not annualised)	(0.05)	(0.08)	(0.03)	0.59
	MI IMBAI	$\geq$

Notes:

• 1) The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on August 5,2021. The StatutoryAuditors have carried out a Limited Review ofthe results forThree Month ended 30th June 2021.
• 2l The above results have been prepared in accordance with Companies (lndian Accounting Standards) Rules, 2015 ('lnd As') prescribed under section 133 ofthe Companies Act,2013, read togetherwith rule 3 ofthe Companies (lndian Accounting Standards) Rules, 2015 and Companies (lndian Accounting Standards) (Amendment) Rules, 2015.
• The Company has considered possible impact of known events arising from COVID 19 pandemic on the carrying amount of asse\$ in the preparation offinancial statements. However, the impact assessment of COVID 19 is a continuing process given the uncertainities associated with its nature and duration. The company will continue to monitor any material changes to future economic conditions. The Company has consider the internal and external source of information including economic forecasts and industry reports up to the date of approval of the financial statements in determining the impact on various elements of its financial statements. The Company has use the principles of prudence in applying judgements, estimates and assumptions including sensitivity analysis and base on the current estimates, the company does not have any material impact due to covid-19 outbreak. The eventual outcome of impact of the global health pandemic may be different from those estimated as on date of approval of these financial statements.
• The Company has chosen to exercise the option of lower tax rate under section 115BAA ofthe Income Tax Act, 1951 introduced vide the Taxation Laws (Amendment) Act, 2019. Accordingly, the tax expense for the period and consequently the profit after tax is not comparable with the corresponding figures of the previous year. 4l
• During Quarter ll, The management ofthe Company hase decided to discontinue one ofthe division at Umreth vide Board Resolution dated 24th August,2020. cl
• The CompanV is primarily engaged in Real Estate business and after discontinuation of Umreth dlvision there is only one reportable segment. 6)
• Figures forthe previous periods have been re-grouped / re-arranged wherever necessary, 7l

For and on behalf of Board of Directors

Place: Mumbai Date :. August 5, 2021 DIN No.011148535 (Whole time Directorl

Manubhai & Shah LLP

Chartered Accountants

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

To The Board of Directors of SKYLINE MILLARS LIMITED

• 1. We have reviewed the accompanying statement of unaudited financial results of SKYLINE MILLARS LIMITED (the 'Company') for the quarter ended June 30, 2021 (the Statement') being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
• 1. The preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act,
     2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India is the responsibility of the Company's management and has been approved by the Board of Directors of the Company. Our responsibility is to issue report on the statement based on our review.
• 1. 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 provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an

• 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 Indian Accounting Standards ("Ind AS") specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder 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 including the manner in which it is to be disclosed, or that it contains any material misstatement.

FOR MANUBHAI & SHAH LLP Chartered Accountants FRN: 106041W/ W100136

ASHISH SHAH Partner Membership No:103750 UDIN: 21103750AAAAAD2445

Mumbai, August 5, 2021

Manubhai & Shah LLP, a Limited Liability Partnership with LLP identity No.AAG-0878 3C, Maker Bhavan - 2, 18, New Marine Lines, Mumbai-400 020. Phone: +91 22 66333558 / 59 / 60 Fax: +91 22 66333561, 22037935 Regd. Office: G-4, Capstone, Opp. Chirag Motors, Sheth Mangaldas Road, Ellisbridge, Ahmedabad - 380 006. Gujarat, India. Phone: +91-79-2647 0000 Fax: +91-79-2647 0050

HAI & SA MUMBAI
400 020

Email: infomumbai@msglobal.co.in

Website: www.msglobal.co.in

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