Tulive Developers Limited — Annual Report 2019

May 30, 2019

CIN : L99999MH1962PLCO12549

30'" May 2019

BSE Limited PhirozeJeejeebhoy Towers, Dalal Street, Mumbai — 400001.

Dear Sir,

THE SUB.: OUTCOME OF BOARD MEETING AND AUDITED FINANCIAL RESULTS FOR QUARTER AND YEAR ENDED MARCH 31, 2019.

We wish to Inform you that the board of directors of Tulive Developers Limited at their meeting held today ie., 30th May ²⁰¹⁹ which commenced at 04:00 pm and concluded at 05:00 pm inter alia:

a. considered and approved the audited financial results of the company for the quarter and the year ended on 31St March 2019.

Pursuant to Regulations ³³ of the SEBI (LODR)Regulations,2015, we are enclosing the audited financial results of the Company for the quarter and year ended 31St March ²⁰¹⁹ together with the auditor's report. The results will also be uploaded in the website of Bombay Stock Exchange wvwvbseindiacom and on the company's website www.tulivedevelopers.com. *

b. appointed S.A.E. & Associates LLP, Company Secretaries as the secretarial auditor of the Company for conducting the secretarial audit for the financial year ended 31st March 2019.

Kindly take the same on record. Thanking you,

Yours faithfully, For TULIVE DEVELOPERS LIMITED

Address: No:1, 6th Avenue, Harrington Road, Chetpet, Chennai — 600031.

EncI: Ala

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Tuléve Dweiopers Ltd,

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		TULIVE DEVELOPERS LIMITED
	Regd Office No.21/22, "LOHA BHAVAN" P. D. Mello Road, Mumbai 400009
	Statement of stand alone audited Financial Results for the Quarter / Year Ended 31.03.2019	CIN L99999MH1962PLC012549
PART I				(Rupees in Lakhs)
		QUARTER ENDED			YEAR ENDED
SN0	Particulars	Audited	Un Audited	Audited	Audited
		31.03.2019	31.12.2018	31.03.2018	31.03.2019	31.03.2018
1	Income from Operations
	(a) Net income from operations	1.50 -	1.50 —	1.50 —	6.00 -	6.00 -
	(b) Other operating income Total Income from Operations	1.50	1.50	1.50	6.00	6.00
2	Expenses (a) Employee benefit expenses	0.98	0.64	0.48	2.58	1 .92
	(b) Depreciation and amortization expense	0,63	0,63	0.25	2.52	0.99
	(c) Other expenses	15.75	6.34	2.38	27.86	18.39
	Total Expenses	17.36	7.61	3.11	32.96	21.30
3	Profit /(Loss) from operations before other income, finance cost
	and exceptional items (1-2)	(15.86)	(6.11)	(1.61)	(26.96)	(15.30)
4	Other Income	15.01	22.60	14.29	69.10	165.50
5	Profit/(Loss) from ordinary activities before finance cost and					150.20
	exceptional items (3:4)	(0.85) -	16.49 —	12.68 —	42.14 -	-
6	Finance Cost Profit/(Loss) from ordinary activities after finance cost but before
7	exceptional items (5:6)	(085)	16.49	12.68	42.14	150.20
8	Exceptional Items - tax Refunds	-	—	-	-	12.64
9	Profit/(Loss) from ordinary activities before tax (7:8)	(085)	16.49	12.68	42.14	162.84
10	Tax Expenses			0.03 12.65	- 42. 14	1.12 161.72
.\	Net Profit /(Loss) from Ordinary activities after tax (9:10)	(0.85)	16.49	21.03	—	45.50
'12 13	Extra ordinary Items Net of tax expenses Net Profit /(Loss) for the period /year (11:12)	(0.85)	16.49	(8.38)	42.14	116.22
	PART II
14	Paid up Equity Share Capital (Face Value — Rs. 10/— per share)	263.44	263.44	263.44	263.44	263.44
	Reserve excluding Revaluation Reserves as per balance sheet of
15	previous accounting year	6,549.84	6,507.70	6,507.70	6,549.84	6,507.70
16	(a) Earnings per share before extra ordinary items - (In Rupees)
	(a) Basic	0.02	0.63	(0.10)	1.63	2.86
	(b) Diluted	0.02	0.63	0.18	1.63	0.79
	PART III
B	INVESTOR COMPLAINTS
	(a) Pending at beginning of quarter	NIL
	(b) Received during the quarter	NIL
	(c ) Disposed off during the quarter	NIL
	(d) Remaining unresolved at the end of the quarter	NIL
C	NOTES
1	The above audited financial results ofthe company were reviewed and recommended by the Audit committee at their meeting held on 30th May 2019 and approved
2	by the Board ofDirector at their meeting held on 30th May 2019	The audited financial statements have been prepared in accordance with the Indian Accounting Standard prescribed under Section 133 ofthe Companies Act 2013 read
	with relevant Rules issued there under and other accounting principles Generally Accepted in India and the guidelines of SEBI. The Figures for the three months ended 31.03.2019 and the corresponding three months ended 31.03.2018 are the balancing figures between final audited figures in respect of
3	full financial year and the figures as per the third quarter of respective finacial year.
4	Figures for the previous quarters/year have been reclassified /regrouped wherever nessary to conform to the classification made in the last quarter/year
5	The statement is as per Regulation No.33 of SEBI (Listing Obligations and Disclosure Requinnents) Regulations 2015.
	Place : Chennai -600006
Date :	30-May-19

DIN: 016083 8

TULIVE DEVELOPERS LIMITED STATEMENT OF ASSETS AND LIABILITES AS AT 3lst MARCH 2019

	Rupees in Lakhs
S No	Particulars	Audited
		at As 31.03.2019	AS at 31.03.2018
I	ASSETS :
	1 Non Current Assets :
	(a) Property, Plant and Equipments	2,929.44	2,931.96
	(b) Financial assets and Investments	22.00	22.00
	Total Non Current Assets	2,951.44	2,953.96
	2 Current Assets:
	Financial Assets	22.00	16.00
	(i) Trade Receivables		1,861.94
	(ii) Cash and Cash Equivalents (iv) Other Current Assets	1,918.44 1,926.87	1,941.15
	Total Current Assets	3,867.31	3,819.09
	TOTAL ASSETS	6,818.75	6,773.05
II	EQUITY AND LIABILITIES:
	1 EQUITY: '
	(a) Equity Share Capital	263.44	263.44
	(b) Other Equity	6,549.84	6,507.70
	TOTAL EQUITY	6,813.28	6,771.14 y
	2 LIABILITIES
	1.Non Current Liabilities :	-	_
	2.Current Liabilities :
	Financial Liabilities 2
	(i) Trade Payables	4.09	0.75 0.07
	(ii)Statutory Liabilities	0.29	1.09
	(iii)Current Liabilities	1.09	1.91
	and Liabilities TOTAL Equity	5.47 6,818.75	6,773.05
	For	TULIVE DEVELOPERS	LIMITED

For TULIVE DEVELOPERS LIMITED

Place: Chennai ATUL GUP Date: 30—May-2019 Director

R.RAMAL|NGAM & ASSOCIATES

Chartered Accountants

Auditor's Report on Quarterly Financial Results and Year to Date Results of the Company Pursuant to the Requlation 33 of the SEBI (Listinq Obliqations and Disclosure Requirements) Regulations, 2015

To

The Board of Directors,

Tulve Developers Limited. 1,We have audited the quarterly Financial Results of TULIVE DEVELOPERS LlMlTEDfor the Quarter ended ³¹ st March 2019 and the year to date for the period from 01.04.2018 to 31.03.2019 attached herewith , being submitted by the Company pursuant to the requirement of Regulation No.33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The quarterly financial results as well as the year to date Financial Results have been prepared on the basis of the interim financial statements which are the responsibility of the Company's Management . Our responsibility is to express an opinion on these Financial Results based on our audit of such interim financial statements ,which have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard for interim Financial Reporting ( A525/ Ind As 34) . prescribed under Section 133 of the Companies Act 2013 read with relevant Rules issued there under , or by the Institute of Chartered Accountants of India, as applicable and other accounting principles generally accepted in india.

2,We conducted our audit in the accordance with the Standard generally accepted in lndia . These standards require that we plan and perform the audit to obtain reasonable assurance about whether the Financial Results are free of material misstatement(s). An audit includes examining an a test basis, evidence supporting the amounts disclosed as financial results . An audit also includes assessing the Accounting Principles used and significant estimates made by management . We believe that the audit provides ^a reasonable basis for our opinion

3, In our opinion and to the best of our information and according to the explanation given to us these quarterly financial results as well as the year to date results:

(i)are presented in accordance with the requirements of Regulation ³³ of the SEBI

(Listing Obligations and Disclosure Requirements) Regulations 2015 in this regard ,

and

(ii) give ^a true and fair view of the NET-L-eee/Profit and other financial information for the quarter ended 31St March 2019 as well as the year to date results for the period from 01.04.2018 to 31.03.2019

CHENNAI-600014 for ^R Ramalingam & Associates Date: 30.05.2019 Chartered Accountants

PARTNER M.N0.027154

CIN : L99999MH1962PLC012549

May 30, 2019

BSE Limited. Phiroze Jeejeeboy Towers, Dalal Street, Mumbai — 400001

Dear Sir/Madam,

Sub: Declaration of Audit Report with unmodified opinion pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015

We hereby declare that ^R Ramalingam & Associates, Chartered Accountants, statutory auditors of the Company have issued audit report dated 30th May ²⁰¹⁹ with unmodified opinion on the financial statements of the Company for the financial year ended 31St March 2019.

Kindly take note of the same.

Thanking you,

Yours faithfully, For TULlVE DEVELOPERS LIMITED

DIRECTOR DIN: 01608328 Address: No:1, 6th Avenue, Harrington Road, Chetpet, Chennai — 600031.

1 , , Tums Developers Uta, ché, Office : if Iii/22, "Lotta Ehayan" PD Tag/Selle Road. Mumbaé ^~ 400 809 Corporate Office : No.5, Est Street, Suhbatao Avenue, Chennai ^w {200 006 ^I Tel. : +90 44 6462 4777 ^I +91 44 2823 02273 Email :mlévcchcmzaii'éé}gr'naélcom ^I www.miivcdsyciopcrs,com