Skyline Millars Ltd — Interim / Quarterly Report 2023

Oct 18, 2023

SKYLINE MILLARS LIMITED Millars

18.70.2023

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

Reference: - Skyline Millars Limited BSE Code _ S0SG50

Dear Sir(s),

With referenc their meeting uectors at the Compan| Results of

udited Financial Results along with Asset LiabiJity ter and half year ended 30ft Septemb ey 2023 along

The Board meeting conunenced at 3.30 p.m. and concruded at o rt l so p.m.

Kindly take the same on record and acknowledge the receipt.

For Skyline Millars Limited

(

Maulik Dave Whole-time Director Encl.: as above

Sales Offrce : C/2, Skyline Wealthspace, Gate No. 2, Skyline Oasis, Premier Road, Yidyavihar (W), Mumbai - 400 086. Tel.: (022) 25tl 2t94 / ⁹⁵

Registered & Corporate Officel Churchgate House, 4'Floor, 32-34, Veer Nariman Road, Fort, Mumbai - 400 001. Tel.: (022)22047 471 . www.skJlinemillarsltd.com cIN : L63020MH1 91 9PLC000640

lWlanr-rblrai & Strala LLp Chartered Accountants

rndependent Auditorfs Review Report on unaudited x'inancial Results Review Report to The Board of Directors SKYLINE MILLARS LIMITED

• l. We have reviewed the accompanying statement of unaudited financial results ('the Statement,) of SKYLINE MILLARS LIMITED (the 'Company') for the quarter and half year ended September 30,2023, being submitted by the Company pursuant to the requiiements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirementsf Regulations,
• 2015 (as amended), including relevant circulars issued by the SEBI from time to tim;.
• 1. This Statement, which is the responsibility of the Company's Management and has been approved by the Board ofDirectors, has been prepared in accordance wittr the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribedunder Section 133 of the Companies Act,20l3 as amended, read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to issue a report on these financial statements 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 Perforsred bv the Independent Auditor of the Entity, issued by the Institute of Chanered Accountants of India. a review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytiial and -other-review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under Section 143(10) ofthe Act, and consequently, does not enable us to obtain assurance that we would become aware of all sigaifrcanimatters that might be identified in an audit. 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, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act as amended, the SEBI Circulars, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in term of the Listing Regulations j3 of the SEBI (Listing Obligation and Disclosure Requirement) Regulatio" lOts, as amended, 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

CA Laxminarayan Peraiah Yekkali Partner Membership No. 114753 oo:* r 23r 1 47 s3BGwQvD4 ⁰⁴⁹

Place:Mumbai Date:1811012023

Manubhai & Shah LLP, a Limited Liability Partnership with LLP identity No.MG-0878 Regd.Office: G4, Capstone, Opp, Chirag Motors, Sheth Mangaldas Road, Ellisbridge, Ahmedabad-3g0006. India. Phone : +91 79 2647 0000 Fax: 91-79-2647 0050 Email :

3C, Maker Bhavan-z,18, New Marine Lines, Mumbai - 400020. phone : 022-6633355g

Email : infomumbai@msglobal.co.in Website : www.msglobal,co.in

Ahmedabad o Mumbai o Rajkot o Baroda. Gandhinagar r Udaipur

SKYTINE MITIARS TIMITED ctN No. t63020MH1919PtC0006rtO

REGD. OFFTCE :4TH FLOOR, CHURCHGATE HOUSE

• 32-!14, VEER NARTMAN ROAD, FORT, MUMBAT _ 4OOOO1

STATEMENT OF UNAUDITED FINANCIAI RESUTTS FOR SIX MONTHS ENDED 3OTH SEPT, 2023

	Cost of materials consumed
	Purchase ofstock in trade
	Change in inventories offinished goods, work-in-progress and stock-in-trade
	Employee benefits expenses
	Finance cost
	Depreciation and amortisation expenses
	/ (Loss) before exceptional items and tax (1-21
	Tax Expense
	a) Current tax
	b) (Excess)/Short Tax Provision of earlier years
6
7
8	from discontinuing operations
9
10
11
	Comprehensive Inc_ome (Net of Tax) Items that will not be reiclassified to profit & Loss
t2
I5
14	Paid up Equity Share Capital (Face Value Re 1/- each)						402.24
15	excluding Revaluation Reserves as per Balance Sheet of the previous
							2,!74.33
fo
	Earning per share Basic & Diluted (in Rs) (for continuing operations) (not
							(0.40)
	Earning per share Basic & Diluted (in Rs) (for discontinuing operations) (not
							(0.06)

@

Notes : +

• 1) The above results have been reviewed by the Audit committee and approved bythe Board of Directors at their respective meetings held on 18th Oct, 2023.
• 2) The above results have been prepared in accordance with Companies (lndian Accounting Standards) Rules, 2015 ('lnd As,) prescribed under section 133 of the companies Act,2013, read together with rule 3 of the Companies (lndian Accounting standards) Rules, 2015 and companies (lndian AccountinE standards) (Amendment) Rules, 2016
• 3) The Company is primarily engaged in Real Estate business and after discontinuation of Umreth division there is only one reportable segmenr.
• 4) Fitures for the previous periods have been re-grouped / re-arranged wherever necessary.
• '5) SML is unable to launch the next phase of development at Ghatkopar since 2011 as matter is pending in Supreme Court.

For and on behalf of Board of Dlrecto6

Place: Mumbal Date 2 L8lLOl2O23

Mr,Maulik H Dave DIN No.01t148536 (Whole tlme Directorl

SKYLINE MItIARS LIMITED ctN No. 163020MH1919P1C000640 REGD. OFFICE:ATH FIOOR, CHURCHGATE HoUsE 32-34 VEER NARTMAN ROA4 FORT, MUMBAT - 4@001 STATEMENT OF ASSETS AND TIABILITIES

	26.69	2s.23
		0.00
(i) Non-current investments
(iil Trade receivables	o.47	0.41
(iii) Loans
(iv) Other financial assets	304.89	304.76
Deferred tax assets (net)
	34.95	34.95
	367.O1	365,3s
	1,275.78	1,257.OO
ncial Assets
(i) Trade and other receivables	0.06	o.24
(ii) Cash and cash equivalents	4.O7	65.28
(iii) Bank balances other than (ii) above	670.39	707.70
(iv) Loans	0.11	0.05
(v) Other financial assets
for Current Tax (Net)
Classified as Held for Sale	310.25	310.26
current aSsets	4.31	7.O2
	2,515,O2	2,576.58
(i) Other financial liabilities - non-current	45.L2	45.06
(b) Long-term provisions
	34.95	34.95
for Non Current Tax (Net)	L6.92	19.08
(i) Short Term Borrowings
(ii) Trade and other payables
Total outstanding dues of micro enterprises and small
enterDrises
Total outstanding dues of creditors other than micro
enterprises and small enterprises
(iii) Other financial liabilities		2L.80
		8.78

	Cash Flow Statement (Rs. In Lakhs)
	Particulars	Half Year ended 30.09.2023 (Unaudited)	Half Year ended 30.09.2022 (Unaudited)
A)	Cash Flow from operating activities
	Profit / (Loss) before tax from
	Continuing operations Discontinued Operations	(59.66)	(74.66)
	Profit/(Loss before tax including discontinued operations	(2.02)	(3.58)
	Adjustments for	(61.68)	(78.24)
	Depreciation and amortisation expense	0.44
	Finance cost		0.47
	Interest income from financial assets at amortised cost	(21.63)	(19.77)
	Dividend income	(0.00)	(0.00)
	Inventory written off
	Sundry balances written back
	Expected credit loss
	Net gain on disposal of property, plant and equipment
	Operating profit before working capital changes	(82.87)	(97.54)
	Adjustments for
	(Increase)/Decrease in trade receivables Increase/(Decrease) in trade payables	0.18	5.23
	(Increase)/Decrease in financial assets
	(Increase)/Decrease in other assets	(0.19)	0.07
	Increase/(Decrease) in financial liabilities	(3.29) (2.61)	(1.46)
	Increase/(Decrease) in provisions	(0.00)	(17.00) 34.95
	Increase/(Decrease) in other liabilities	(7.94)	3.34
	(Increase)/Decrease in inventories	(18.78)	15.03
	Cash flow from / (used in) operating activities post working capital changes	(115.51)	(57.38)
	Income taxes paid (Net of refunds)	(2.16)	(1.97)
	Net Cash flow generated from operating activities (A)	(117.66)	(59.36)
B)	Cash Flow from investing activities
	Proceeds/Purchase from property, plant and equipment	(1.89)
	Purchase from investments		٠
	Deposits with bank
	Interest income	21.63	19.77
	Dividend received	0.00	0.00
	Net Cash Flow used in investing activities (B)	19.74	19.77
C)	Cash Flow from financing activities
	Proceeds from borrowings	۰
	Repayments of borrowings
	Interest paid
	Net Cash Flow used in financing activities (C)	×.	$\bullet$
	Net increase / (decrease) in cash and cash equivalents (A+B+C)	(97.92)	(39.59)
	Cash and cash equivalents at the beginning of the period	772.38	854.77
	Cash and cash equivalents at the end of the period	674.46	815.19

I