Skyline Millars Ltd — Interim / Quarterly Report 2021

Feb 3, 2021

3.d February,2021,

To, The Manager - Listing Department The BSE Limited PhirozeJeejeebhoy Towers, Dalal Street, Mumbai - 400 001.

Reference: - Skyline Millars Limited BSE Code - ⁵⁰⁵⁶⁵⁰

Dear Sir(s),

2O2L - Disclosure of information under Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations. 20L5.

With reference to above captioned subjec! we wish to inform you that the Board of Directors at their meeting held today has approved and took on record the Un-Audited Financial Results of the Company for the third quarter and nine months ended 3L"t December,2l2}.

Please find enclosed a copy of the said Un-Audited Financial Results along with Limited review report for the third quarter and nine months ended 3L't December,2020.

The Board meeting conunencedat2.30 p.m. and concluded ato_h,l{p.m.

Kindly take the sarne on record and acknowledge the receipt.

For Skyline Millars Limited

Whole-time Director DIN:01t148536 Encl.: as above

Sales Office Cl2, Skyline Welthspace, Gate No. 2, Skyline Oasis, Premier Road, Vidyavihar (w), Mumbai - 400 086. Tel. : (022) 2511 2194 | 95

SKYLINE MILLARS LIMITED
CIN NO. L63020MH1919PLC000640
REGD. OFFICE : 4TH FLOOR, CHURCHGATE HOUSE
32-34, VEER NARIMAN ROAD, FORT, MUMBAI - 400001
STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR NINE MONTHS ENDED 31ST DEC, 2020

	Particulars		Quarter ended			Nine Months Ended			Year ended
									31.03.2020
		31.12.2020	30.09.2020	31.12.2019		31.12.2020 (Unaudited)	31.12.2019 (Unaudited)	(Audited)
		(Unaudited)	(Unaudited)	(Unaudited)
				16.51		401.84	362.46		379.61
	Income	208.16	193.68	6.13		59.43	10.28		36.24
	(a) Revenue from operations	11.21	39.61	22.64		461.27	372.74		415.85
	(b) Other Income	219.37	233.29
	Total Income			0.00		0.00	0.00		٠
	Expenses					0.00	0.00
	(a) Cost of materials consumed		٠
	(b) Purchase of stock in trade (c) Change in inventories of finished goods, work-in-progress and stock-in-trade			14.65		58.66	25.48		40.71
		38.43	20.23			0.00	0.00		(0.00)
				9.19		21.53	28.40		36.19
	(d) Cost of Construction	7.42	7.66			0.16		0.00	0.03
	(e) Employee benefits expenses	0.05	0.06	0.62		2.13		2.02	2.68
	(f) Finance cost	0.71	0.67	21.63		40.99	105.52		147.97
	(g) Depreciation and amortisation expenses	13.58	19.91	46.09		123.47	161.42		227.58
	(h) Other Expenses	60.19	48.53
$\overline{2}$	Total Expenses			(23.45)		337.80	211.32		188.27
		159.18	184.76
3	Profit / (Loss) before exceptional items and tax (1-2)			(23.45)		337.80	211.32		188.27
4	Exceptional items	159.18	184.76
5	Profit / (Loss) before tax (3 - 4)
	Tax Expense		⋍			(0.19)		(0.11)	(0.11)
	a) Current tax			(0.19)	(0.43)	32.45
	b) (Excess)/Short Tax Provision of earlier years	32.45				32.26		(0.11)	(0.11)
	c) Deferred tax	32.45		(0.19)	(0.43)
6	Total Tax Expense					305.54		211.43	188.38
		126.73	184.95		(23.02)
$\overline{7}$	Profit / (Loss) for the period from continuing operations (5 - 6)					(33.26)		(87.59)	(93.57)
		(25.36)		(3.92)	(5.01)
8	Loss from discontinuing operations					(33.26)		(87.59)	(93.57)
9	Tax Expenses of discontinuing operations		(25.36)	(3.92)	(5.01)
10	Loss from discontinuing operations (8 - 9)					272.28		123.84	94.81
		101.37		181.03	(28.03)
11	Profit / (Loss) for the period (7 + 10)
							0.07	(0.74)	(0.93)
	Other Comprehensive Income (Net of Tax)		0.03	(0.02)	0.13		0.07	(0.74)	(0.93)
	A. Items that will not be reclassified to Profit & Loss		0.03	(0.02)	0.13
	12 Total Other Comprehensive Income					272.35		123.10	93.88
			101.40	181.02	(27.90)
	Total Comprehensive Income for the period (11+12)							402.24	402.24
13			402.24	402.24	402.24	402.24
	Paid up Equity Share Capital (Face Value Re 1/- each)
14									2,045.07
	Reserves excluding Revaluation Reserves as per Balance Sheet of the previous
15	accounting year
	Earning per Share (EPS)							0.53	0.47
	a) Earning per share Basic & Diluted (in Rs) (for continuing operations) (not 16		0.32	0.46	(0.06)		0.76
								(0.22)	(0.23)
	b) Earning per share Basic & Diluted (in Rs) (for discontinuing operations) (not		(0.06)	(0.01)	(0.01)		(0.08)
	annualised)							0.31
	c) Earning per share Basic & Diluted (in Rs) (for total operations) (not annualised)		0.25	0.45	(0.07)		0.68

Notes:

• ^IThe above results have been reviewed by the Audit committee and approved by the Board of Directors at their respective meetings held on February 3, 2021. The statutory Auditors have canied out a Limited Review of the results for Nine Month ended 31st December 2020'
• ) Theaboveresultshavebeenpreparedinaccordancewithcompanies(lndianAccountingstandards)Rules'2015('lndAs') prescribed under section rra of ihe companies Act,2013, read iogether with rule 3 of the Companies (lndian Accounting Standards)Rules,2015anoCompanies(|ndianAccountingstandards)(Amendment)Ru|es,2015.
• l) The company has considered possible impact of known events arising from covlD 19 pandemic on the carrying amount of assets in the preparation offinanclistatements, However, tne impact assessment ofCovlD 19 is a continuing process given the uncertainitiesassociatedwithitsnatureandduration.Thecompanywi||continuetomonitoranymateria|changestofuture economicconditions.ThecompanyhasconsidertheinternaIandexternaIsourceofinformationinc|udingeconomicforecasts andindustryreportsuptothedateofapprovaIofthefinancia|statementsindeterminingtheimpactonvariouse|ementsofits heCompanyhasusetheprincip|esofprudenceinapp|yingjudgements,estimatesandassumptions alysis and base on the current estimates, the company does not have any material impact due to covid-19 outbreak' of impact of the global health pandemic may be different from those estimated as on date of approval of these financial statements'
• 4) The company has chosen to exercise the option of lower tax rate under section 1158M of the InCOme Tax Act' 1961 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'
• 5}DuringQuarterIl,Themanagementofthecompanyhasedecidedtodiscontinueoneofthedivision at Umreth vide Board Resolution dated 24th August'2020'
• 5) The company is primaritv engaged in Real Estate business and after discontinuation of umreth division there is only one reportable segment'
• 7l Figures for the previous periods have been re-grouped / re-arranged wherever necessary'

Place: Mumbai

For and on behalf of Board of Directors

, (, ⁿ ;''' K) 61,.r-<-

orN no. orcasl]! (Whole time Director)

Manubhai & Shah LLP

C h a r t e r e d A c c o u n t a n t s

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 SKYLINE MILLARS LIMITED

• 1. We have reviewed the accompanying statement of unaudited financial results of Skyline Millars Limited (the 'Company') for the quarter ended 31st December 2020 and the year-to-date results for the period 01 April 2020 to 31 December 2020 (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.
• 1. The preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (lnd 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 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 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

LAXMINARAYAN PERAIAH YEKKALI Digitally signed by LAXMINARAYAN PERAIAH YEKKALI Date: 2021.02.03 16:08:43 +05'30'

Place: Mumbai Date: 03/02/2021.

CA Laxminarayan P. Yekkali PARTNER Membership No. 114753 UDIN: 21114753AAAAAW7697

Manubhai & Shah LLP, a Limited Liability Partnership with LLP identity No.AAG-0878 Regd.Office: G-4, Capstone, Opp. Chirag Motors, Sheth Mangaldas Road, Ellisbridge, Ahmedabad-380006. Gujarat, India. Phone : +91 79 2647 0000 Fax : 91-79-2647 0050 Email : info@msglobal.co.in

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