Tivoli Construction Ltd. — Interim / Quarterly Report 2022

Aug 11, 2021

TIVOLI CONSTRUCTION LIMITED

(ClN: L45200MH 1985PLC037365) Regd. Off: 4[th] Floor, Raheja Chambers, Linking Road & Main Avenue, Santacruz - (West), Mumbai - 400 054 Phone No.: 022 - 6769 4400/4444 Website: www.tivoliconstruction.in email: tivoliconstruction@yahoo.co.in

Date: 11th August, 2021

The Listing Compliance Department BSE Limited 25[th] Floor, P. J. Towers Dalal Street Mumbai - 400001

BSE Scrip Code - 511096

Dear Sir/ Madam,

Sub: Outcome of Board Meeting held on 11th August, 2021. Ref.: Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This is to inform you that the Board of Directors at its meeting held today at 11:30 a.m. has interalia considered and approved the Un-Audited Quarterly Standalone and Consolidated Financial Results for the quarter ended 30[th] June, 2021 as recommended by the Audit Committee meeting, held earlier on the same day.

The Un- Audited Standalone and Consolidated Financial Results for quarter ended June 30, 2021 prepared in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") together with "Limited Review" received from the Auditor are enclosed herewith.

We would like to inform you that the said Meeting commenced at II :30 a.m. and concluded at 12:15 p.m. Kindly take the aforesaid on record.

Thanking you,

Yours faithfully,

For TIVOLI CONSTRUCTION LIMITED

~\lJ~j .'

PINAL PAREKH COMPANY SECRETARY/ COMPLIANCE OFFICER eCSIN: EA025327A000079524

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
(31/0312021) previous yr period ended
(30/0612020) (31/0312021)
Unaudited Audited Unaudited Audited
I. Revenue from Operations
(a) Net Sales/Income from NIL NIL NIL NIL
Operations.
(b) Other Operating Income NIL NIL NIL NIL
2. Other Income 0.28 0.35 0.56 1.64
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/CLoss) before Exceptional
Items & tax (3 - 4) (4.67) ( 1.19) (4.08) (8.04)
6. Exceptional items NIL NIL NIL NIL
7. Profit (+) ILoss (-) from Ordinary
Activities before Tax (5 - 6) (4.67) (1.19) (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) (1.19) (4.08) (8.04)
12.
Paid-up equity share capital (Face 50.00 50.00 50.00 50.00
ValueRs. 10/-)
13. Reserves i.e. Other equity 46.48
14. Earnings Per Share (Basic, diluted
and not annualised (0.93) (0.24) (0.82) (1.61 )
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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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• J. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on II th August, 2021. The above results are prepared in accordance with the Indian Accounting Standard (lnd 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 ofthe 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 30[th] June, 2021 were subjected to "Limited Review" by the Statutory Auditors of the Company.

FOR TIVOLI CONSTRUCTION LIMITED

--:p\?.s ~'-' ~ \t-t.J... RAKESH DESAI DIRECTOR DIN: 00152982

Mumbai Dated: 11[th] August, 2021

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N. S. SHETTY & co. CHARTERED ACCOUNTANTS

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

"Arjun", Plot No. 6A. V.P. Road. Andheri (W), Mumbar - 400 058

LIMITED REVIEW REPORT ON THE UNAUDITED STANDALONE FINANCIAL RESULTSFOR 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 Stand~rd on 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 5fan'" ds on Auditing specified under Section 143(10) of the Act, and consequently, does t

• I :!iWt ~ \ e us to obtain assurance that we would become aware of all significant matters

• ;' ~ "'tn~9.ti .&. be identified in an audit. Accordingly, we do not express an audit opinion. ~.....2!:iy ':-;J ACO'S h

• 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 misstatement

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er
embership NO.:03S083
Place: Mumbai
Date: 11th August, 2021
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UDIN: 2'0350~.3 f'rAAA ~~3')~
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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. 02267694400/4444

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
(31/03/2 021) 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/(Loss) before Exceptional
Items & tax (3 - 4) ( 1.90) 1.22 (1.16) 2.67
6. Exceptional items NIL NIL NIL NIL
7. Profit (+) fLoss (-) 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) (0.1\ )
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
II. Total Comprehensive Income for the (2.59) (1.47) ( 1.90) (0.11 )
period ( 9 + 10)
12. Paid-up equity share capital (Face
Value Rs. IOf-) 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, 202 I were subjected to "Limited Review" by the Statutory Auditors of the Company.

FOR TIVOLI CONSTRUCTION LIMITED

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

Mumbai Dated: 11[th] August, 2021

/

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N. S. SHETTY & co.

CHARTERED ACCOUNTANTS

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

.A~un•. Plot No. 6A, V.P. Road. Andheri (W). Mumbal - 400 058,

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

TOTHEBOARDOFDIRECTORSOF

TIVOU CONSTRUCTIONLID.

1. We have reviewed the accompanying statement of Consolidated Unaudited Financial Results of TIVOU CONSTRUCTIONLTD. ('the Holding Company) and it's subsidiary (the Holding Company and subsidiary together referred to as "the Group") for the quarter ended 30[th] 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 ("Listing 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 of the following Subsidiary Company

2. Victoria Investment Company Umited

3. Based on our review conducted j3nd 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 poliCies, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SE~I (Usting 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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ForN S Shetty & Co
Chartered Accountants
FRN: 110101W
Pa r
embership No.:03S083
Place: Mumbai
Date: 11th August, 2021
UDIN:2' ()3SoC03 A A A-A J) H9~';l-S
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