Transoceanic Properties Ltd. — Interim / Quarterly Report 2021

Oct 28, 2021

{Formerly Known as Poddar lnfrastructure Limited and Transoceanic Properties Limited)

28th October,2O2'J,

'J The Manager Department of Corporate Services BSE Limited P. J. Towers, Dalal Street, Mumbai - 400001

Companv Code: 509003 Name of the Companv: Megh Mavur Infra Limited (Formerlv known as Poddar lnfrastructure Limited and previouslv known as Transoceanic Properties Limited) E-Mail ld of the Companv: grievances@meghmayur.com

Dear Sir/Madam,

Sub: Un-audited Financial Results of the Companv for the second quarter ended on 30th September, 2021 for the FY 2021-2022

Pursuant to the requirement of Regulation 30 and 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 20L5, we hereby inform that the Board of Directors of the Company, at its meeting held today i.e. on Thursday, the 28th October, 2021 which commenced at 11.30 a.m. and concluded at 02.00p.m. approved the Un-Audited Financial Results of the Company for the second quarter and half year ended on 30th September, 2021. for the FY 202L-2022 together with the Limited Review Report thereon.

We are enclosing herewith, a copy of the Un-Audited Financial Results for the second quarter and half year ended on 30th September,2021., for the F.Y.202I-2022 together with Limited Review Report by the Auditors and the Cash Flow Statement for the half year ended on 30th September,202L.

Please take this letter on your record and disseminate the information under "Corporate Announcement Section" on your Exchange website.

Than king you,

Yours faithfully, For MEGH MAYUR INFRA LIMITED

Mitul Shah Managing Director and lnterim Compliance Officer DIN NIo:00509114

Encl: As above

Regd, Office : MHB-11/A -302, Sarvodaya Co-Operative Housing Society Limited, Near Bhavishya Nidhi Building, Service Road, Khernagar, Bandra (E), Mumbai-400051

(Formerly Known as Poddar Infrastructure Limited and Transoceanic Properties Limited)

UNAUDITED ANCIAL RESULTS FOR THE SECOND QUARTER ENDED/SIX MONTHS ENDED 30TH SEPTEMBER, 2021

	PARTI (Rs. in lakhs)
			Quarter Ended			Six Months Ended
	Particulars	Unaudited			Unaudited		Audited
		30.09.2021	30.06.2021	30.09.2020	30.09.2021	30.09.2020	31.03.2021
1	Income from operations
	(a) Revenue From Operation	$\sim$	$\epsilon$	×.	$\sim$
	(b) Other Income	$\sim$	×,	×.	$\sim$
	Total income from operations (net)	$\blacksquare$	$\overline{\phantom{a}}$	$\blacksquare$	$\overline{\phantom{a}}$
$\overline{2}$	Expenses
	(a) Cost of materials consumed	ä,
	(b) Purchase of stock-in-trade	٠					(39.25)
	(c) Change in inventories of finished goods, work-in-
	progress & stock-in-trade						39.25
	(d) Employee benefit expenses	÷	0.57	1.26	0.57	2.58	4.27
	(e) Finance Cost						$\overline{\phantom{a}}$
	(f) Depreciation and Amortisation Expense
	$(g)$ i)Other Expenses	0.90	1.25	1.32	2.15	2.37	5.56
	ii) Other Expense - BSE Fee		3.54		3.54	3.54	3.54
	Total Expenses	0.90	5.36	2.58	6.26	8.49	13.37
	Profit /(Loss) before Extra Ordinary and
3	Exceptional Items and $\text{Tax}(1\pm2)$	(0.90)	(5.36)	(2.58)	(6.26)	(8.49)	(13.37)
$\overline{4}$	Exceptional Items	ä,
5	Profit / (Loss) Before Extraordinary Items and Tax
	$(3\pm4)$	(0.90)	(5.36)	(2.58)	(6.26)	(8.49)	(13.37)
6	Extraordinary Items
7	Profit Before Tax	(0.90)	(5.36)	(2.58)	(6.26)	(8.49)	(13.37)
8	Tax Expense: Current Expense
	Deferred Tax
9	Net Profit / Loss for the period (11±12)	(0.90)	(5.36)	(2.58)	(6.26)	(8.49)	(13.37)
10	Other Comprehensive Income
	A (i) Items that will not be reclassified to profit or loss
	A (i) Items that will not be reclassified to profit or loss
	(ii) lncome tax relating to items that will not be
	reclassified to profit or loss
	B (i) Items that will be reclassified to profit or loss
	(ii) Income tax relating to items that will be reclassified
	to profit or loss
11	Total Comprehensive Income for the period	(0.90)	(5.36)
12	Details of Equity Share Capital			(2.58)	(6.26)	(8.49)	(13.37)
14	Paid-up equity share capital	630.00	630.00	630.00	630.00	630.00	630.00
	Face value of equity Share capital	10.00	10.00	10.00	10.00	10.00	10.00
	Other Equity excluding Revaluation Reserves						38.29
		$\equiv$
16	Earnings per share (EPS)	(0.01)	(0.09)	(0.04)	(0.10)	(0.13)	(0.21)
$\left( a\right)$	Basis earning (loss) per share from continuing and discontinuing operations	(0.01)	(0.09)	(0.04)	(0.10)	(0.13)	(0.21)
	Diluted earning (loss) per share from continuing and
(b)	discontinuing operations	(0.01)	(0.09)	(0.04)	(0.10)	(0.13)	(0.21)

1 The aforementioned Results were reviewed and recommended by Audit committee and approved by the

Board of Directors at its meeting held on 28th October, 2021
Regd. Office: MHB-11/A -302, Sarvodaya Co-Operative Housing Society Limited, Near Bhavishya Nidhi Building, Service Road, Khernagar, Bandra (E), Mumbai-40005

CIN: L51900MH1981PLC025693

n

MEGH MAYUR INFRA LIMITED

(Formerly Known as Poddar lnfrastructure Limited and Transoceanic Properties Limited)

• 2 The t{ilf ,"-audited quarlerly results as prescribed in SEBI's Circular CIPJCFD/CM Dl15/2015 dated 3!{ovetnber, 20 l5 has been modified to comply with reqirements of SEBI's circular dated 5th July,20l6lnd AS and Schedule III (Division II) of Companies Act,20l3 applicable to companies that are required to comply with Ind AS.
• As the ultimate income tax liability will depend on results for the year ending on 3lst March, 2022,the position with regard to provision for current and deferred tax will be determined atthe end of the year.
• 4 Previous year figures are regrouped/rearranged wherever necessary.
• 5 The Conrpany's shares ale listed only on BSE Limited.
• 6 J'hele were no investor complaints pending at the beginning and at the end ofthe quarter.
• 7 As the Company has only one business segment, disclosure under Indian Accounting Standard I 08 on "Operating Segment " issued by the Institute of Chartered Accountants of lndia is not applicable.
• The accounting has been done as per applicable Ind AS- 109- Recognition and measurement of financial irtstrumerrt and tlre same is discounted using discount rate of 8.07Yo.
• There are sorrre entries on account of application of Ind AS 109 -Recognition and measurementof llnancial instrument however the said amounts were rounded off to amounts in lakhs, and the same is reduced to zero due to rounding off.

FOR MEGH MAYUR INFRA LIMITED

(Formerly Known as Poddar Infrstructure Limited and therebefore known as Transoceanic Properties Limited)

Mitul Shah (Managing Director) DIN: 00509114 Address: l0-E/F. Anjan Shalaka Complex. Athwa Lines- Surat-395007. Gu.jarat.

Place : Surat Date : 28.10.2021

Regd. Office : MHB-11/A -302, Sarvodaya Co-Operative Housing Society Limited, Near Bhavishya Nidhi Building, Service Road, Khernagar, Bandra (E), Mumbai.400051

(Formerly Known as Poddar Infrastructure Limited and Transoceanic Properties Limited)

		Megh Mayur Infra Limited
		Balance sheet as at 30/09/2021
Sr. N 0		Particulars	٠ As at 30 September 2021 (As per IND-AS)	As at 31 March 2021 (As per IND-AS)
		ASSETS
(1)		Non-current assets
	a)	Property, plant and equipment
	b)	Capital work-in-progress
	$\mathcal{C}$ )	Investment property
	$\mathrm{d}$ )	Goodwill
	e)	Other Intangible Assets
	f	Intangible assets under
	g)	Biological assets other than
	h)	Financial assets
		- Investments	31,000	31,000
		- Trade Receivables
		- Loans	1,000	1,000
		- Others (to be specified)
	i)	Deferred tax assets (Net)
	i)	Other non-current assets
		-Land Deposit	75,800,000	75,800,000
		-Other Deposit
(2)	a)	Current assets Inventories
	b)	Financial assets
		- Current investments
		- Trade and other receivables
		- Cash and cash equivalents
		Bank balances other than	51,433 220,633	51,483
		- Loans		160,367
		Others
	$\circ$ )	Others (to be specifed)
	d)	Current tax assest(net)
	e)	Other current assets	167,488	167,488
		TOTAL	76,271,554	76,211,338

Regd. Office: MHB-11/A -302, Sarvodaya Co-Operative Housing Society Limited, Near Bhavishya Nidhi Building, Service Road, Khernagar, Bandra (E), Mumbai-400051

CIN: L51900MH1981PLC025693

(Formerly Known as Poddar Infrastructure Limited and Transoceanic Properties Limited)

		EQUITY AND LIABILITIES
		Equity
	a)	Equity Share Capital	63,000,000	63,000,000
	b)	Other Equity	3,202,951	3,829,643
		Share application money
(1)		Non-current liabilities
	a)	Financial liabilities
		- borrowings	10,012,703	9,212,703
		- Other financial liabilities
		b) Provisions
	$\mathcal{C}$ )	Deferred tax liabilities (Net)
	$\mathrm{d}$ )	Other non-current liabilities
(2)		Current liabilities
	a)	Financial liabilities
		- borrowings
		- Trade and other payables
		- Other financial liabilities
	b)	Other current liabilities	55,900	168,992
	$\mathcal{C}$ )	Provisions
	$\mathrm{d}$ )	Current tax liabilities(net)
		Liabilities associated with
		group(s) of assets held for
		disposal
		TOTAL	76,271,554	76,211,338

FOR MEGH MAYUR INFRA LIMITED

(Formerly Known as Poddar Infrastructure Limited and therebefore known as Transoceanic Properties Limited)

MI IMB

Place: Surat Date: 28.10.2021

Mitul Shah

(Managing Director) DIN: 00509114 Address: 10E/F, Anjan Shalaka Complex, Athwalines Surat-395007, Gujarat

Regd. Office: MHB-11/A -302, Sarvodaya Co-Operative Housing Society Limited, Near Bhavishya Nidhi Building, Service Road, Khernagar, Bandra (E), Mumbai-400051

(Formerly Known as Poddar Infrastructure Limited and Transoceanic Properties Limited)

	Megh Mayur Infra Limited
	Statement of Cash Flows for the six month ended September 30, 2021
		Six month ended		Year ended
Sr. No.	Particulars	September 30, 2021 (Unaudited)	September 30, 2020 (Unaudited)	March 31, 2021 (Audited)
A	Cash flows from operating activities
	$ a $ Cash receipts from customers
	$\vert$ b) Cash paid to suppliers and employees
	c) Cash generated from operations	-739784	3068769	2622628
	d) Interest paid
	e) Income taxes paid		i.	-
	$f$ ) Dividends paid	ä,	÷	$\overline{\phantom{a}}$
	Net cash from operating activities	-739784	3068769	2622628
B	Cash flows from investing activities
	a) Business acquisitions, net of cash acquired	i.	ä,
	b) Purchase of property, plant and equipment	$\frac{1}{2}$	i,
	c) Proceeds from sale of equipment	i.	×,
	d) Acquisition of portfolio investments	ä,	×,
	e) Investment income	-
	f) Other inflow/outflow of cash			120,000.00
	Net cash used in investing activities	u,	Ξ	120,000.00
C	Cash flows from financing activities
	a) Proceeds from issue of share capital	L	٠	$\overline{a}$
	b) Proceeds from long-term borrowings	800000		$\Omega$
	c) Payment of long-term borrowings		3,224,997.00	2,921,997.00
	Net cash used in financing activities	800000	-3224997	-2921997
	Net increase in cash and cash equivalents	60216	$-156228$	$-179369$
	Cash and cash equivalents at beginning of period	211850	391220	391220
	Cash and cash equivalents at end of period	272066	234992	211851

FOR MEGH MAYUR INFRA LIMITED (Formerly Known as Poddar Infrastructure Limited and therebefore known as Transoceanic Properties Limited)

Place: Surat Date: 28.10.2021

Mitul Shah DIN: 00509114 (Managing Director) Address: 10E/F, Anjan Shalaka Complex, Athwalines Surat-395007, Gujarat

Regd. Office: MHB-11/A -302, Sarvodaya Co-Operative Housing Society Limited, Near Bhavishya Nidhi Building, Service Road, Khernagar, Bandra (E), Mumbai-400051

CIN: L51900MH1981PLC025693

To. The Board of Directors, MEGH MAYUR INFRA LIMITED, (Formerly known as Poddar Infrastructure Limited), MHB 11-A-302, Sarvodava CHSL, Nr. EOFO Office, Kher Nagar, Bandra (East), Mumbai - 400051.

We have reviewed the accompanying statement of standalone unaudited financial results of "Megh Mayur Infra Limited" for the quarter ended 30^th September, 2021 attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as modified by circular no. CIR/CFD/FAC/62/2016 dated July 5, 2016.

This statement, which is the responsibility of the 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 Indian Accounting Standards (Ind-AS) $-$ 34, "Interim Financial Reporting" prescribed under section 133 of the Companies Act, 2013 read with SEBI Circular no. CIR/CFD/FAC/62/2016 dated $5^th$ July, 2016 is the responsibility of Companies management and has been approved by the Board of Directors of the Company. Our responsibility is to issue a report on the Statement based on our review

We have conducted our review 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 (ICAI). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

We draw your attention to Note No. 3 of the statement regarding the non-ascertainment of Income tax liability (current tax and deferred tax) as per Indian Accounting Standard 12 on "Income Taxes" for the quarter ended 30^th September, 2021 which is determined by the Company at the end of the year for the reasons stated in the said note. Our opinion is not qualified in respect of this matter.

$Contd$ ......2

2-367/368, Tosniwal House, Moto Dastur Mohallo, Near Parsi Library, Rustampura, Surat - 395002 Ph.: 2328606, 2354924 E-mail: tosniwal_h@yahoo.com

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 as laid down in Indian Accounting standards (Ind AS) 34, "Interim Financial Reporting" prescribed under section ¹³³ of the Companies Act, 2013 read with relevant rules issued thereunder and other recognized 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 read with SEBI Circular no. CIR/CFD/FAC/62/2016 dated 5" July, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.

FOR H. TOSNIWAL AND CO CHARTERED ACCOUNTANTS

CA. PRATEEK TOSHNIWAL PARTNER M. NO. 163878

PAN AACFH1890B FRN 0111032W

PLACE SURAT DATE 28/10/2021.

UDIN 21163878AAAAEP7430