Tivoli Construction Ltd. — Interim / Quarterly Report 2021

Aug 11, 2021

TIVOLI CONSTRUCTION LIMITED

(CIN: L45200MH1985PLC037365) Regd. Off: 4[th] Floor, Raheja Chambers, Linking Road & Main Avenue, Santacruz - (West), Mumbai - 400 054 Phone No.: 022 - 67694400/4444 Website: www.tivoliconstruction.in email: tivoliconstruction@yahoo.co.in

Date: II th August, 2021

The Listing Compliance Department BSE Limited 25[th] Floor, P. J. Towers Dalal Street Mumbai - 400 00 I

BSE Scrip Code - 511096

Dear Sirs.

Sub.: Standalone & Consolidated Un- Audited Financial Results for the Quarter ended June 30, 2021.

Ref.: Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

We are enclosin~ the Standalone and Consolidated Un- Audited Financial results for the quarter ended 30 t June, 2021 which was taken on record by the Board of Directors at their meeting held on II th August, 2021. We are also enclosing with this letter a copy of the "Limited Review" received from the Auditor of the Company pursuant to regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

You are requested to take the same on record.

Thanking you, Yours faithfully, For TIVOLI CONSTRUCTION LIMITED

~.~.~(,lJ\4j, '

PINAL PAREKH COMPANY SECRETARY/ COMPLIANCE OFFICER eCSI N: EA025327 A000079524 Enel: As above

TIVOLI CONSTRUCTION LIMITED CIN : L45200MH1985PLC037365

Regd. Off: 4[th] Floor, Raheja Chambers, Linking Road and Main Avenue, Santacruz (West) Mumbai 400 054. Email Id:tivoliconstruction@yahoo.co.in. Phone No. 022 67694400/4444

Website: www.tivoliconstruction.in

UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30[TH] JUNE, 2021

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(Rs. In Lakhs)
3 months Preceding Corresponding Year to Date
ended 3 months 3 months figures for
Particulars (30/06/2021) ended ended in the current
(31/03/2021 ) previous yr period ended
(30/06/2020) (31/03/2021)
Unaudited Audited Unaudited Audited
1. Revenue from Operations
(a) Net Sales/Income from NIL NIL NIL NIL
Operations.
(b) Other Operating Income NIL NIL NIL NIL
0.28 0.35 0.56 1.64
2. Other Income
3. Total Income 0.28 0.35 0.56 1.64
4. Expenses
a. Cost of Materials consumed NIL NIL NIL NIL
b. Purchase of stock-in-trade NIL NIL NIL NIL
c. Changes in inventories of finished
goods, work-in-progress and stock- NIL NIL NIL NIL
in-trade
d. Employee benefits expense 0.75 0.75 0.75 3.00
e. Finance costs NIL NIL 0.01 0.02
f. Depreciation NIL NIL NIL NIL
g. Other expenses
I. Advertisement Expenses 0.19 0.20 0.00 0.75
2. Professional Fees 0.38 0.54 0.28 1.53
3. Listing Fees 3.00 0.00 3.00 3.00
4. Filing Fees 0.00 0.01 0.00 0.05
5. Other expenses 0.63 0.06 0.60 1.33
Total expenses 4.95 1.55 4.64 9.68
5. Profit/(Loss) before Exceptional
Items & tax (3 - 4) (4.67) (I. I9) (4.08) (8.04)
6. Exceptional items NIL NIL NIL NIL
7. Profit (+) /Loss (-) from Ordinary
Activities before Tax (5 - 6) (4.67) (I. I9) (4.08) (8.04)
8. Tax expense 0.00 0.00 0.00 0.00
9. Net Profit (+)/Loss (-) for the period
(7 - 8) (4.67) (I. I9) (4.08) (8.04)
10. Other Comprehensive Income
a) Items that will not be reclassified NIL NIL NIL NIL
to Profit & Loss
b) Items that will be reclassified to NIL NIL NIL NIL
Profit & Loss
I I. Total Comprehensive Income for the
period ( 9 + 10) (4.67) (I.I 9) (4.08) (8.04)
12.
Paid-up equity share capital (Face 50.00 50.00 50.00 50.00
Value Rs. 10/-)
13. Reserves Le. Other equity 46.48
14. Earnings Per Share (Basic, diluted
and not annualised (0.93) (0.24) (0.82) (1.6 I)
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TIVOLI CONSTRUCTION LIMITED CIN : L45200MH1985PLC037365

Regd. Off: 4[th] Floor, Raheja Chambers, Linking Road and Main Avenue, Santacruz (West) Mumbai 400 054. Email Id:tivoliconstruction@yahoo.co.in. Phone No. 022 6769 4400/4444

Website: www.tivoliconstruction.in

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1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 11th August, 2021. The above results are prepared in accordance with the Indian Accounting Standard (Ind AS) as prescribed under section 133 of the Companies Act, 2013.

2. The figures for the quarter ended 31 st March, 2021 are the balancing figures between audited figures in respect of full financial year and unaudited published year to date figures up to the third quarter of the respective financial year.

3. The Company has single business segment, therefore, in the context oflnd AS- 108, disclosure of segment Information is not applicable.

4. The company has only interest income. Considering the same, COVID-19 has no material impact on the revenue of the Company. Company is also expecting its assets to be realized at their values reflecting in books.

5. The above financial results for the quarter ended 30[th] June, 2021 were subjected to "Limited Review" by the Statutory Auditors of the Company.

FOR TIVOLI CONSTRUCTION LIMITED

~\?$ ~ ~ k-tJ... RAKESH DESAI DIRECTOR DIN: 00152982

Mumbai

Dated: 11 th August, 2021

~

N. S. SHETTY & co. CHARTERED ACCOUNTANTS

Phone: 2623 1716,.2623 7669 Fax: 2624 5364 E-mail: nsshetty_co@yahoo.com

"Arjun", Plol No, 6A, V.P. Road. Andheri (W). Mumbal - 400058

LIMITED REVIEW REPORT ON THE UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED ON 30th JUNE, 2021

Review Report To,

The Board of Directors, Tivoli Construction Umlted

Mumbai

• 1 We have reviewed .the accompanying statement of unaudited standalone financial results ('the statement') of Tivoli Construction limited ('the Company') for the quarter ended 30[th] June, 2021 attached herewith, being submitted by the Company pursuant to t,he requirements of Regulation 33 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015. Attention is drawn to the fact that the figures for the quarter ended 31[st] March, 2021 as reported in these unaudited standalone financial results are the balancing figures between audited figures' in respect of the full previous financial year and the published year to date figures upto the third quarter of the previous financial year. The figures upto the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.

• 2 The preparation of Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India, is responsibility of the Company's. management and has been approved by the Board of Directors of the Company. Our responsibility is to issue a report on the Statements based on our review.

• 3 We conducted our review in accordance with the StandC!rdon Review Engagement (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 analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Sfarr ds on Auditing specified under Section 143(10) of the Act, and consequently, does

• /" r: li9t ~ \ e us to obtain assurance that we would become aware of all significant matters

• '. ~ 'tti:9~ 'g be identified in an audit. Accordingly, we do not express an audit opinion.

• 0\, .. ''''1 \ "::.'~V

~.

• 4 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 applicable !ndian Accounting Standards ('Ind AS') prescribed under section 133 of the Companies

• .Act, 2013 read with relevant rules issued thereunder and other ~ecognized accounting practices and polices has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI '(Usting Obligations and Disclosure Requirements) Regulations, 2015, including the manner In which It Is to be disclosed, or that it contains any material misstaternent

er embership NO.:035083 Place: Mumbai Date: 11th August, 2021 UDIN: '-10350cg..3 PrAAA f3)~3'l~

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TIVOLI CONSTRUCTION LIMITED CIN : L45200MH1985PLC037365

Regd. Off: 4[th] Floor, Raheja Chambers, Linking Road and Main Avenue, Santacruz (West) Mumbai 400 054. Email Id:tivoliconstruction@yahoo.co.in. Phone No. 022 67694400/4444

Website: www.tivoliconstruction.in

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UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE
QUARTER ENDED 30 [TH] JUNE, 2021
(Rs. In Lakhs)
3 months Preceding Corresponding Year to Date
ended 3 months 3 months figures for
Particulars (30/06/2021 ) ended ended in the current
(31/03/2021) previous yr period ended
(30/06/2020) (31/03/2021)
Unaudited Audited Unaudited Audited
1. Revenue from Operations
(a) Net Sales/Income from NIL NIL NIL NIL
Operations.
(b) Other Operating Income NIL NIL NIL NIL
3.05 3.12 3.51 12.98
2. Other Income
3. Total Income 3.05 3.12 3.51 12.98
4. Expenses
a. Cost of Materials consumed NIL NIL NIL NIL
b. Purchase of stock-in-trade NIL NIL NIL NIL
c. Changes in inventories of finished
goods, work-in-progress and stock- NIL NIL NIL NIL
in-trade
d. Employee benefits expense 0.75 0.75 0.75 3.00
e. Finance costs NIL NIL 0.01 0.02
f. Depreciation NIL NIL NIL NIL
g. Other expenses
I. Advertisement Expenses 0.19 0.20 0.00 0.75
2. Professional Fees 0.38 0.87 0.31 2.14
3. Listing Fees 3.00 0.00 3.00 3.00
4. Filing Fees 0.00 0.02 0.00 0.06
5. Other expenses 0.63 0.05 0.60 1.33
Total expenses 4.95 1.90 4.67 10.31
5. Profit/CLoss) before Exceptional
Items & tax (3 - 4) (1.90) 1.22 (I.l6) 2.67
6. Exceptional items NIL NIL NIL NIL
7. Profit (+) /Loss (-) from Ordinary
Activities before Tax (5 - 6) (1.90) 1.22 (1.16) 2.67
8. Tax expense 0.69 2.69 0.74 2.78
9. Net Profit (+)/Loss (-) for the period
(7 - 8) (2.59) (1.47) ( 1.90) (0.11)
10. Other Comprehensive Income
a) Items that will not be reclassified NIL NIL NIL NIL
to Profit & Loss
b) Items that will be reclassified to NIL NIL NIL NIL
Profit & Loss
11. Total Comprehensive Income for the (2.59) (1.4 7) ( 1.90) (0.11 )
period ( 9 + 10)
12. Paid-up equity share capital (Face
Value Rs. 10/-) 50.00 50.00 50.00 50.00
13. Reserves i.e. Other equity 215.41
14. Earnings Per Share (Basic, diluted
and not annualised (0.52) (0.29) (0.38) (0.02)
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TIVOLI CONSTRUCTION LIMITED

CIN : L45200MH1985PLC037365

Regd. Off: 4[th] Floor, Raheja Chambers, Linking Road and Main Avenue, Santacruz (West) Mumbai 400 054. Email Id:tivoliconstruction@yahoo.co.in. Phone No. 022 67694400/4444

Website: www.tivoliconstruction.in

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• I. The above consolidated results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 11th August, 2021. The above results are prepared in accordance with the Indian Accounting Standard (Ind AS) as prescribed under section 133 of the Companies Act, 2013.

• The figures for the quarter ended 3151 March, 2021 are the balancing figures between audited figures in respect of full financial year and unaudited published year to date figures up to the third quarter of the respective financial year.

• The Company has single business segment, therefore, in the context of Ind AS- 108, disclosure of segment Information is not applicable.

• The company has only interest income. Considering the same, COVID-19 has no material impact on the revenue of the Company. Company is also expecting its assets to be realized at their values reflecting in books.

• The above financial results for the quarter ended 30lh June, 2021 were subjected to "Limited Review" by the Statutory Auditors of the Company.

FOR TIVOLI CONSTRUCTION LIMITED

~ e.s~ ~.L>... RAKESH DESAI DIRECTOR DIN: 00152982

Mumbai

Dated: 11[th] August, 2021

/

@9

N. S. SHETTY & co.

CHARTERED ACCOUNTANTS

Phone: 2623 1716, 2623 7669 Fax: 2624 5364 E-mail: nsshetty_co@yahoo.com

.A~un •. Plot No. SA. V.P. Road. Andheri (W). Mumbal - 400 058.

UMITED REVIEW REPORT ON THE CONSOUDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED ON 30[th] JUNE, 2021

TO THEBOARDOFDIRECTORSOF

TIVOLICONSTRUCTIONLTD.

1. We have reviewed the accompanying statement of Consolidated Unaudited Financial Resultsof TIVOLI CONSTRUCTIONLTD.('the Holding Company') and it's subsidiary (the Holding Company and subsidiary together referred to as "the Group") for the quarter ended 30'h June, 2021 ("the Statement") attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 and Regulation 52 of the Securities and Exchange Board Of India ("SESI") (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Usting Regulations").

2. This statement, which is the responsibility of the Holding Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Companies (Indian Accounting Standards) Rules, 2015 as per Section <133 of the Companies Act, 2013 and other accounting principles generally accepted in India. Our responsibility is to express an opinion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the standard on review Engagements-2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India ("ICAI"). A review of interim financial information consists of making inquiries, primarily of personnel responsible for financial and accounting matters, and applying analytical and other review n Auditing specified under Section 143(10) of the Companies Act, 2013 and 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.

1. The Statement includes the results ofthe following Subsidiary Company

2. Victoria Investment Company Limited

3. Based on our review conducted and procedure performed as stated above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the aforesaid Indian Accounting Standards and other recognised accounting practices and polides, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SE~I (Listing Obligations and Disciosure,Requirements) Regulations, 2015, as amended"including the manner in which it is to be disclosed, or that it contains any material misstatement.

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For N S Shetty & Co
Chartered Accountants
FRN: 110101W
Pa r
embers hip NO.:03S083
Place: Mumbai
Date: 11th August, 2021
UDIN:2 t 03So~ A A PtA S) H9~';fS
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