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Tulive Developers Limited Interim / Quarterly Report 2019
63768_rns_2019-11-14_201b2ffb-3261-4240-8930-46cdb80cde52.pdf
Interim / Quarterly Report
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CIN : L99999MH1962PLC012549
14""November 2019
BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai — 400001.
Dear Sir,
SUB.: OUTCOME OF BOARD MEETING HELD ON NOVEMBER 14, 2019 AND UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 3074 SEPTEMBER2019.
We wish to inform you that the board of directors of Tulive Developers Limited at their meeting held today ie., 14"November 2019, which commenced at 04:15 PM and concluded at 05:00 PM, considered and approved the unaudited financial results of the company for the quarter ended 30"September 2019.
Pursuant to Regulations 33 of the SEBI (LODR)Regulations,2015, we are enclosing the unaudited financial results of the Company for the quarter and half year ended 30September 2019 together with the limited review report, statement of assets and liabilities and cash flow statement. The results will also be uploaded in the website of Bombay Stock Exchange www.bseindiaccom and on the company's website www.tulivedevelopers.com.
Kindly take the same on record.
Thanking you,
Yours faithfully, For TULIME DEVELOPERS LIMITED
ATUL GUPTA DIRECTOR DIN: 01608328
Address: No:1, 6" Avenue, Harrington Road, Chetpet, Chennai — 600031.
Encl: A/a
Tulive Developers Ltd.,
Regd. Office : # 21/22, "Loha Bhavan" PD Mello Road, Mumbai - 400 009 Corporate Office : No.5, Ist Street, Subbarao Avenue, Chennai - 600 006 | Tel. : +91 44 6462 4777 | +91 44 2823 0223 Email : [email protected] | www.tulivedevelopers.com —
| Tulive Developers Limited Regd Office No.21/22, "LOHA BHAVAN" P. D. Mello Road, Mumbai 400009 CIN L99999MH1962PLC012549 |
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|---|---|---|---|---|---|---|---|---|---|
| WEBSITE: www.tulivedevelopers.comTelephone No.044-28230222 E-Mail: [email protected] UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30th SEPTEMBER 2019 (STANDALONE) PART 1 |
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| UN AUDITED | (Rupees in Lakhs) | ||||||||
| SNO | Particulars | UN AUDITED THREE MONTHS ENDED |
HALF YEAR ENDED | AUDITED YEAR |
|||||
| 30.09.2019 | 30.06.2019 | 30.09.2018 | 30.09.2019 | 30.09.2018 | ENDED 31.03.2019 |
||||
| I | Revenue from Operations | 1.50 | 1.50 | 1.50 | 3.00 | 6.00 | |||
| $\mathbf{I}$ Ш |
Other income Total Revenue (I+II) |
(6.15) (6.15) |
0.59 2.09 |
23.83 25.33 |
(6.16) (4.66) |
32.01 | 69.10 | ||
| 35.01 | 75.10 | ||||||||
| IV | EXPENSES: (a) Employee benefit expenses |
1.35 | 1.35 | 0.48 | 2.70 | 0.96 | |||
| (b) Depreciation and amortization expense | 0.30 | 0.29 | 0.63 | 0.59 | 1.26 | 2.58 2.52 |
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| (c) Other expenses | 3.96 | 6.32 | 4.01 | 10.28 | 5.77 | 27.86 | |||
| V | Total Expenses IV Profit/(Loss) before exceptional items and tax (I-IV) |
5.61 (11.76) |
7.96 (5.87) |
5.12 20.21 |
13.57 (18.23) |
7.99 27.02 |
32.96 | ||
| VI | Exceptional items. | 42.14 | |||||||
| VII | Profit before tax (V-VI) | (11.76) | (5.87) | 20.21 | (18.23) | 27.02 | 42.14 | ||
| VIII | Tax Expense 1. Current tax (Excess Provision for taxation for earlier year written back |
||||||||
| 2. Tax Refunds | (0.15) | (0.15) | a. | ||||||
| IX | Profit /Loss after tax | (11.91) | (5.87) | 20.21 | (18.38) | 27.02 | 42.14 | ||
| X XI |
Extraordinary Expenses | 4.01 | (25.89) | 29.90 | |||||
| XII | $Profit / (Loss)$ for the period from continuing operations $(IX-X)$ Profit / (Loss) from discontinued operations |
× | $\frac{1}{2}$ | ||||||
| XIII | Tax Expenses of discontinued operations | ||||||||
| XIV | Profit/Loss from discontinuing operations after TAX (XII-XIII) | W) | |||||||
| XV XVI |
Profit /Loss for the period (XI+XIV) Other Comprehensive Income |
(15.92) | (31.76) | 20.21 | (48.28) | 27.02 | 42.14 | ||
| XVII | Total comprehensive Income for the period (XV+XVI) | (15.92) | (31.76) | 20.21 | (48.28) | 27.02 | 42.14 | ||
| PART II | |||||||||
| -1 | Paid up Equity share capital (face value of Rs. 10/- per equity share) | 215.44 | 215.44 | 263.44 | 215.44 | 263.44 | 263.44 | ||
| $\sqrt{2}$ | Reserves excluding Revaluation Reserve as per Balance Sheet of Previous year | 4,869.56 | 4,917.84 | 6,507.74 | 4,869.56 | 6,507.74 | 6,549.84 | ||
| $\overline{\mathbf{3}}$ | Earnings per share (a) Basic |
(1.12) | |||||||
| (b)Diluted | (1.12) | (0.84) (0.63) |
0.77 0.77 |
(0.91) (0.91) |
1.03 1.03 |
1.63 1.63 |
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| PART III | |||||||||
| A | Particulars of Shareholding | 30.09.2019 | THREE MONTH ENDED 30.06.2019 |
30.09.2018 | HALF YEAR ENDED 30.09.2019 |
30.09.2018 | YEAR ENDI 31.03.2019 |
||
| 1 Public shareholdings: | |||||||||
| (a) Number of Shares (b) Percentage of shareholding |
6,63,235 30.79% |
6,63,235 30.79% |
6,71,387 25.49% |
6,63,235 30.79% |
6,71,387 25.49% |
6,71,387 25.49% |
|||
| 2 Promoters and Promoter group Shareholding: | |||||||||
| a) Pledged / Encumbered : | |||||||||
| (i) Number of Shares (ii) Percentage of shares (as a % of the total shareholding of Promoter and Promoter Group) |
۰ | ||||||||
| (iii) Percentage of Shares (as a % of the total Share Capital of the Company) | ×, | ||||||||
| b) Non - Encumbered: (i) Number of shares |
14,91,140 | 14,91,140 | 19,62,988 | 19,62,988 | |||||
| (ii) Percentage of shares (as a % of the total shareholding of Promoter and Promoter Group) | 100% | 100% | 100% | 14,91,140 100% |
100% | 19,62,988 100% |
|||
| B | (iii) Percentage of Shares (as a % of the total Share Capital of the Company) | 69.21% | 69.21% | 74.51% | 69.21% | 74.51% | 74.51% | ||
| INVESTOR COMPLAINTS (a) Pending at beginning of quarter |
NIL | ||||||||
| (b) Received during the quarter | NIL | ||||||||
| (c) Disposed off during the quarter (d) Remaining unresolved at the end of the quarter |
NIL NIL |
$\epsilon_{\nu}$ | |||||||
| $\mathbf C$ | NOTES | ||||||||
| $\mathbf{1}$ $\overline{\mathbf{c}}$ |
The operation of the company is relating to rendering of Project Management Consultancy Services and agricultural activities (a) The Company continues its Non-Current Investments in the following two registered firms engaged in Development of Housing Projects |
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| (i) Messrs Tulive Estate (ii) Messrs Tulive Builders | |||||||||
| (b)Share of income from the above two firms for the quarter and half year ended 30.09.2019. have been adopted as per the provisional and unaudited accounts of the respective | |||||||||
| $\mathbf{3}$ | firms for the quarter and half year ended 30.09.2019 and are subject to audit for the financial year ended 31st March 2020. Provision for taxation is considered not required since agricultural income, share of income from the registered firms and dividends from Mutual funds are exempt u/s 10 of Income Tax Act 1961 |
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| $\overline{\mathbf{4}}$ | The above unaudited Financial Results have been duly reviewed and recommended by Audit committee to the Board of Directors and duly approved by the Board in their meeting held on 14.11.2018 | ||||||||
| This half yearly results have been subjected to limited review by the present Statutory Auditors of Company. | |||||||||
| 5 | Figures for the previous half year and for quarter ended 30.9.2018 have been regrouped and reclassified to conform to grouping for the half year ended 30 th September 2019 | ||||||||
| For TULIVE DEVEL PRERS LIMITED | |||||||||
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Date: 14.11.2019
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| TULIVE DEVELOPERS LIMITED STATEMENT OF ASSETS AND LIABILITIES AS AT 30 TH SEPTEMBER 2019 |
|||
|---|---|---|---|
| Particulars | UnAudited | Rupees in Lakhs Audited |
|
| S No | I ASSETS : | 30.09.2019 | 31.03.2019 |
| 1 Non Current Assets : (a) Property, Plant and Equipments |
2,928.85 | 2,929.43 | |
| (b) Financial assets -Investments | 22.00 2,950.85 |
22.00 2,951.43 |
|
| 2)Current Assets : | |||
| Financial Assets (i) Trade Receivables |
|||
| 23.50 | 22.00 | ||
| (ii) Cash and Cash Equivalents (iii) Other Current Assets |
249.33 1,864.92 |
1,918.45 1,926.87 |
|
| TOTAL ASSETS | 2,137.75 5,088.60 |
3,867.32 6,818.75 |
|
| TIJEQUITY AND LIABILITIES: | |||
| 1JEQUITY: (a) Equity Share Capital |
215.44 | 263.44 | |
| (b) Other Equity | 4,869.56 5,085.00 |
6,549.84 6,813.28 |
|
| 2 LIABILITIES 1.Non Current Liabilities : |
- | - | |
| 2.Current Liabilities : Financial Liabilities : |
4.10 | ||
| (i) Trade Payables (ii)Statutory Liabilities |
2.36 - 1.24 |
0.29 1.09 |
|
| (iii)Other Current Liabilities | 3.60 | 5.48 | |
| TOTAL EQUITY & LIABILITIES | 5,088.60 | 6,818.76 | |
| For Tulive Developers Limited | |||
| Messrs. TULIVE DEVELOPERS LIMITED , MUMBAI -400009 |
||
|---|---|---|
| CASH FLOW STATEMENT FOR THE PERIOD 01.04.2019 TO 30.09.2019 |
||
| I | CASH FLOW FROM OPERATING ACTIVITIES: Net Loss as Per Statement of profit and Loss For the Period from |
Rs |
| 2019 to 30.09.2019 01.04. Adjustments for depreciation Adjustments for Loss in Investment |
48.29 0.59 |
|
| Interst Granted by IT Department Adjustments for Adjustments for exordinary Expenses for Buy Back of Shares |
(6.75) (0.59) (29.90) |
|
| 11.64 | ||
| il | ADJUSTMENT FOR WORKING CAPITAL CHANGES Increase in trade receivables |
(1.50) |
| Decrease in other current assets Decrease in Trade Payable |
61.95 (1.74) |
|
| III | FROM FLOW INVESTING ACTIVITIES: CASH |
58.71 |
| (i) Non - Current Investment - Share of Loss In Form S (ii) Interest from I.T. Department |
6.75 (0.59) |
|
| IV | CASH FLOW FROM FINANCING ACTIVITIES :- BUY BACK OF SHARES |
6.16 |
| (i) Decrease in paid up Shares Capital (Equity) (ii) Decrease in Reserves & Surplus |
48.00 1,632.00 |
|
| (iii) Exordinary Expenses for Buy Back Shares | 29.90 1,709.90 |
|
| Vv | DECREASE IN CASH AND CASH EQUIVALENTS | 1,669.12 |
| Equivalents as at 01.04.2019 (i})Opening Cash and Cash Equivalents as at 30.09.2019 and Cash Cash (ii)Closing |
1,918.44 249.32 |
|
| NOTE: The Above cash flow statement for the period from 01.04.2019 to 30.09.2019 has been subjected to | ||
| Limited Review by the statutory Auditors of the Company For Tulive Developers Limited |
||
| DIN:01608328 |
R.RAMALINGAM & ASSOCIATES Chartered Accountants LIMITED REVIEW REPORT
Review Report to the Board of Directors, Tulive Developers Limited Mumbai-400009.
1.We have reviewed the accompanying statement of unaudited financial results of TULIVE DEVELOPERS LIMITEDfor the period from 01.04.2019 to 30.09.2019 .This statement is the responsibility of the Company's management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review.
2.We 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. 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.
3.Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and polices has not disclosed the information required to be disclosed in terms of Regulation 33 of SEBI ( Listing Obligations and Disclosure Requirements ) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement."
CHENNAI-600014 For R Ramalingam.&Associates Date: 14.11.2019 Chartered, Account OES, ee. SE O R.NO.010816S%.-\2)
PARTNER M.NO.027154 UDIN: 190291 4 NNNPHISALS