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Tulive Developers Limited Interim / Quarterly Report 2021
63768_rns_2021-06-30_3520db46-1d66-461c-a849-086242686403.pdf
Interim / Quarterly Report
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CIN : L99999lVH 1962P1C012549 CIN : L99999MH1962PLC012549
30th June 2021 30" June 2021
BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001. BSE Limited Phiroze Jeejeebhoy Towers,Dalal Street, Mumbai — 400001.
Dear Sir, Dear Sir,
Ref: Scrip Gode - 505285 Ref: Scrip Code - 505285
SUB.: AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2021. SUB.: AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31°"MARCH2021.
We wish to inform you that the board of directors of Tulive Developers Limited at their meeting held today ie., 30th June 2021 which commenced at 04:00 PIM and concluded at 05:00PM, considered and approved the audited financial results of the Company for the quarter and year ended 31'tlMarch 2021 . We wish to inform you that the board of directors of Tulive Developers Limited at their meeting held today ie., 30" June 2021 which commenced at 04:00 PM and concluded at05:00PM, considered and approved the audited financial results of the Company for thequarter and year ended 31*March 2021.
Pursuant to regulation 33 of the SEBI (Listing Obligatiosn and Disclosure Requirements) Regulations,2015, we are enclosing the audited financial results of the Company for the quarter and year ended 31'tMarch 2021 together with the auditor's report. The results will also be uploaded in the website of BSEwww.bseindia.com and on the Company's website at www.tulivedevelopers. com. Pursuant to regulation 33 of the SEBI (Listing Obligatiosn and Disclosure Requirements) Regulations,2015, we are enclosing the audited financial results of the Company for the quarter and year ended 31*March 2021 together with the auditor's report. The results will also be uploaded in the website of BSEwww.bseindia.com and on the Company's website at www.tulivedevelopers.com.Kindly take the sameon record.
Kindly take the same on record
Thanking you, Thanking you,
Yours faithfully, For TULIVE DEVELOPERS LIMITED Yoursfaithfully, For TULIVE DEVELOPERSLIMITED
Address: No:1, OthAvenue, Harrington Road, Chetpet, Chennai- 600031 DIN: 01608328Address: No:1, 6"Avenue, Harrington Road, Chetpet, Chennai — 600031.
Encl: A/a Encl: A/a
Tulive Developers Ltd., Tulive Developers Ltd.,
,Regd. Office : # 2ll22,,,Loha Bhavan', pD Mello Road, Mumbai _ 400 009 Corporate Office : No.5, lst Street, Subbarao Avenue, Chennai - 600 006 I Tel. : +91 44 6462 qnl I +91 44 2823 0223 Email : [email protected] I www.fulivedevelopers.com »Reed. 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 Tulive Developers [imited Office No.21/22, "LOHA BHAVAN"P. Regd Regd Office No.2ll2z,nLOHA BIIAVANIT P. D. Mello Road, Mumbai 400009 CIN: L99999MH1962PLC012549 CIN: L99999MH19 62PLC0(25 49 |
D. Mello Road, Mumbai | 400009 | ||||
|---|---|---|---|---|---|---|
| PART PART I I |
STATEMENTOFAUDITED Website : www.tulivedevelopers.com; Telephone No.044-28230222; E-Mail : [email protected] Website : wryw.tulivedevelopers.com; Telephone No.044-28230222; E-Mail : [email protected] OF FOR THE RESULTS FINANCIAL STATEMENT OF AUDITED OF FINANCIAL RESULTS FOR TIIE QUARTER /YEAR ENDED 31ST MARCH 2021 |
QUARTER | ENDED /YEAR QUARTER ENDED QUARTERENDED |
MARCH2021 31ST |
(Rupees in Lakhs) (Rupees in Lakhs ) YEAR .EARENDED |
ENDED |
| SNO SNO I I I] II |
Berita Particulars Revenue from Operations Revenue fromOperations Other income Other income |
AUDITED AUDITED 31.03.2021 31.03.2021 - (13.63) (13.63) |
UNAUDITED UN AUDITED 31.12.2020 31.12.202tt - (8.81) (8.8 1 ) |
AUDITED AUDITED 31.03.2020 31.03.2020 - (1s.2s) (15.25) |
AUDITED AI]DITEI) 31.03.2021 31.03.2021 - (30.39) (30.39) |
31.03.2020 31.03.2020 |
| mi m IV IV |
Total Income (I+I]) Total Income (I+II) EXPENSES: EXPENSES: (a) Employee benefit expenses (a) Employee benefit expenses (b) Depreciation and amortization expense (b) Depreciation and amortization expense |
(13.63) 13.63 1.35 1.35 0.14 0.14 |
(8.81) (8.8 1 ) 1.35 1.35 0.14 0.14 |
(15.25 (15.25) 1.42 I.42 0.23 0.23 |
(30.39) (30.39) 5.28 5.28 0.57 0.57 |
1.50 1.50 (37 03) (37.03) (3s s3) (35.53) 5.47 5.47 1.11 1.11 |
| v Vv VI VI |
(c) Other expenses (c) Other expenses Total expenses(IV) Total expenses (lV) Profit/(loss) before exceptional items, extra-ordinary items and tax Profit{loss) before exceptional items, extra-ordinary items and tax (III-N) (III-IV) Exceptional items Exceptional items |
4.t6 4.16 5.65 565 (19.28) ( 1e.28) - |
9.81 9.81 11.30 1 1.30 (20.11) (20.11) - |
3.76 3.76 5.41 5.41 (20.66) (20.66) - |
25.02 25.02 30.87 30.87 (61.26) (61.26) - |
19.85 19.85 26.43 26.43 (61.96) (61.e6) - |
| Vtr Vil VItr VII. x IX x x x XI |
Prolit(loss) before extra-ordinary items and tax (V-Vf Profit/(loss) before extra-ordinary items and tax (V-VI) Extra-ordinary items Extra-ordinary items Profit/ (Loss) before tax (VII-VIIl) Profit / (Loss) before tax (VII-VIID) Tax expense Tax expense Profit / (Loss) for the period from continuing operations (IX-X) Profit / (Loss) for the period from continuing operations (D(-X) |
(19.28) (1e.28) - (19.28) ( 1e.28) - (19.28) (1e.28) |
(20 1r) (20.11) - (20 1 1) (20.11) - (20.11) (20.1 1) |
(20.66) (20.66) (0.s6) (0.56) (21.22) (21.22) (0.01) (0.01) (21.23) (21.23) |
(61.26) (61.26) - (61 26) (61.26) - (61.26) (61.26) |
(61.e6) (61.96) (30.e6) (30.96) (e2.e2) (92.92) (0.16) (0.16) (e3.08) (93.08) |
| XII )(II Xi XIII XIV XIV XV XV XVI xvl |
Profit/ (loss) from discontinued operations Profit/ (loss) from discontinued operations Tax expenses of discontinued operations Tax expenses of discontinued operations {Profit / (Loss) from Discontinued operations (after tax) (XII-XIII) Profit / (Loss) from Discontinued operations (after tax) (XII-XtrD ___ Profit/ (Loss) for the period (XI+XIV) ProfiU (Loss) for the period (XI+Xry) Other Comprehensive Income Other Comprehensive Ineome |
- - - (19.28) ( 1e.28) - |
- - - (20.11) (20.1 l ) - |
- - - (21 23) (21.23) - |
- - - (61.26) (61.26) - |
- - - (e3.08) (93.08) - |
| II 1 1 2 2 |
Total Comprehensive Incomefor Total Comprehensive Income for the period (XV+XVD comprising Profrt i the period (XV+XVJ) comprising Profit / (Loss) and other comprehensive incomefor (Loss) and other comprehensive income for the period ) the period ) : Paid up Equity share capital (face value of Rs. 10/- per equity share ) Paid up Equity share capital (facevalue ofRs. 10/- per equity share ) Reserves excluding Revaluation Reserve as per Balance Sheet of Previous year Resene excluding Revaluation Rcerue as per Balance Sheet ofPrevious year |
(19.28) (1e.28) 215.44 215.44 4,763.49 4,763.49 |
(20.11) (20.11) 215.44 215.44 4,824.75 4,824.'ts |
(21.23) (21.23) 215.44 215.44 4,824.75 4,824.75 |
(61.26) (61.26) 215.44 21s.44 4,763.49 4,763.49 |
(93.08) (93.08) 215.44 215.4, 4,824.75 4,824.75 |
| 3 3 IllB B |
Earnings per equity share (for continuing operation): Earnings per equity share (for continuing operation): (a) Basic (a) Basic (b) Diluted (b) Diluted COMPLAINTS INVESTOR (a) Pending at beginning of quarter (a) Pending at beginning of quarter |
(0.8e) (0.89) (0.8e) (0.89) |
(0.e3) (0.93) (0.e3) (0.93) NIL NIL |
(1.08) (1.08) (1.08) (1.08) |
(2.84) (2.84) (2.84) (2.84) |
(4.32) (4.32) (4.s2) (4.32) |
| XVII_ XVII |
(b) Received during the quarter (b) Received duringthe quarter (c ) Disposed off during the quarter (c ) Disposed off during the quarter (d) Remaining unresolved at the end of the quarter (d) Remaining unresolved at the end ofthe quarter NOTES: NOTES: |
NIL NIL NIL NIL NIL NIL |
||||
| PART PAR'I ll PART PART III 1 1 2 2 3 3 4 4 5 5 |
The above audited financial results of the company were reviewed and recommended byaudit The above audited financial results of the company were reviewed and recommended by audit committee at their meeting held on 30.06.2021and duly approvedby the boardofthe directors at their meeting held on 30.06.2021 approved by the board ofthe directors at their meeting held on 30.06.2021 The audited financial statements have been prepared in accordance with the Indian Accounting Standard prescribed under Section 133 of the Companies Act, The audited financial statements have been prepared in accordance with the lndian Accounting Standard prescribed under Section 133 ofthe Companies Act, 2013 read with relevant rules issued thereunder and other accountingprinciples Generally Accepted in India and the guidelines of SEBI. 2013 read with relevant rules issued thereunder and other accounting principles Generally Accepted in India and the guidelines ofSEBI. Thefigures for the three months ended 31.03.2021 and the corresponding three months ended 31.03.2020 are the balancing figures betweenfinal audited figures The figures for the three months ended 31.03.2021 and the corresponding three months ended 31 .03.2020 are the balancing figures between final audited figures in respectoffull financial year and the figures as per the third quarter of respective finacial year. in respect offull financial year and the figures as per the third quarter ofrespective finacialyear. reclassified /regrouped wherevernessary to conform to theclassification madein Figuresfor Figures for the previous quarters/year have been reclassified /regrouped wherever nessary to conform to the classification made in the last quarter/year the previous quarters/year have been Thestatementis as per regulation 33 of SEBI (Listing Obligations and Disclosure Requirments) Regulations, 2015. The statement is as per regulation 3 3 of SEBI (Listing Obligations and Disclosure Requirments) Regulations, 20 I 5 . |
committee at their meeting held on 30.06.2021 and duly | the last quarter/year | |||
| Place: Chennai - 600 006 Chennai - 600 006 Place Date : 30.06.2021 Date 30.06.2021 |
Tt | For TULIME For DIN: |
DEVELOPERS | LIMITED LIMITED |
||
| 1. |
DIN: For TULIME DEVELOPERS LIMITED
TULIVE DEVELOPERS LIMITED STATEMENT OF ASSETS AND LIABILITES AS AT 31st MARCH 2021 TULIVE DEVELOPERS LIMITED STATEMENTOF ASSETS AND LIABILITES AS AT 31st MARCH 2021
| DEVELOPERS TULIVE TULIVE DEVELOPERS LIMITED OF AND ASSETS STATEMENT LIABILITES |
LIMITED MARCH AT AS 2021 31st |
||
|---|---|---|---|
| No S SNo |
STATEMENT OF ASSETS AND LIABILITES AS AT 31st MARCH 2021 Particulars Particulars |
Audited Audited |
Rupees Lakhs Rupees in Lakhs in |
| I I 1 |
: ASSETS ASSETS: CurrentAssets: 1 Non |
As As 31.03.2021 As at 31.03.2021 at |
31.03.2020 As at 31.03.2020 at |
| Non Current Assets : (a) Property, Plant and Equipments (a) Property, Plant and Equipments (b) Financial assets and (b) Financial assets and Investments Investments |
2,927.75 2,927.75 22.00 22.00 |
||
| Total Non Current Assets Total Non Current Assets |
2,928.32 2,928.32 22.00 22.00 |
||
| : 2 Current Assets |
2,949.75 2,949.75 |
2,950.32 2,950.32 |
|
| 2 | Current Assets : Financial Assets Financial Assets (a) Trade Receivables (a) Trade Receivables (b) Current Investment (b) Current Investment |
10.77 10.77 - |
23.50 23.50 - |
| (c) Cash Cash and Equivalents (c) Cash and Cash Equivalents (d) Other Current Assets (d) Other Current Assets |
172.19 t72.t9 1,848.24 1,848.24 |
237.42 237.42 1,844.03 1,844.03 |
|
| Total Current Assets Total Current Assets TOTAL ASSETS TOTAL ASSETS |
2,031.20 2,031.20 4,980.95 4,980.95 |
2;104.95 2,104.95 5,055.27 5,055.27 |
|
| II II 1 |
: AND EQUITY LIABILITIES EQUITY AND LIABILITIES : 1JEQUITY: EQUITY: (a) Equity Share Capital (a) Equrty Share Capital (b) Other Equity (b) Other Equrty |
215.44 215.44 4,763.48 4,763.48 |
215.44 21s.44 4,837.47 4,837.47 |
| 2 | TOTAL EQUITY TOTALEQUITY 2 LIABILITIES LIABILITIES , : 1.Non Current l.Non Current Liabilities : Liabilities |
4,978.92 4,978.92 - |
5,052.91 5,052.91 # |
| 2.Current Liabilities : 2.Current Liabilities : Financial Liabilities : Financial Liabilities : (a) Trade Payables (a) Tgade Payables |
0.78 0.78 |
l.l1 1.11 |
|
| (b) Other Current (b) Other Current Liabilities Liabilities Short Term (c) ( c) Short Term Provisions Provisions TOTAL and Equity Liabilities |
- 1.25 1.25 2.03 2.03 4,980.95 4,980.95 |
- 1.25 1.25 2.36 2.36 5,055.27 5,055.27 |
|
| TOTAL Equity and Liabilities | |||
| DEVELOPERS TULIVE For For TULIVE DEVELOPERS LIMITED |
LIMITED |
For TULIVE DEVELOPERS LIMITED For TULIVE DEVELOPERS LIMITED
| DEVELOPERS TULIVE LIMITED TULIVE DEVELOPERS LIMITED, MUMBAI -4OOOO9 , STATEMENTFOR FLOW CASH THE FINANCIAL YEAR CASH FLOWSTATEMENTFORTHE |
MUMBAI-400009 31ST MARCH ENDED 2021 FINANCIALYEAR ENDED 3lSTMARCH 2021 |
|||||
|---|---|---|---|---|---|---|
| Particulars Particulars |
(Rupees in Lakhs) (Rupees in Lakhs) 31.03.2021 31.03.2021 |
31.03.2020 31.03.2020 |
||||
| A A |
ACTIVITIES: FROM FLOW CASH OPERATING CASH FLOW FROM OPERATING ACTIVITIES: Net Loss for the year after taxation Net Loss for the year after taxation Adjustments for depreciation Adjustments for depreciation |
(61.26) (61.26) 0.57 0.57 |
(e3.0e) (93.09) 1.11 1.11 |
|||
| Adjustments for provision for taxation Adjustments for provision for taxation Adjustments for Provision for doubtful debts Adjustments for Provision for doubtful debts Net Loss for Loss for Non -Current Investment Net Loss for Loss for Non -Current lnvestment Net Income from Current Investment Net lncome from Current lnvestment |
- - 37.80 37.80 (7.41) (7.41) |
0.16 0.16 12.73 12.73 24.89 24.89 - |
||||
| B B |
Other Income-Interest Other lncome -lnterest WORKING CHANGES ADJUSTMENT FOR CAPITAL ADJUSTMENT FOR WORKING CAPITAL CHANGES (Decrease)/Increasein trade payables (Decrease)/lncrease in trade payables |
- (30.30) (30.30) (0.33) (0.33) |
0.59 0.59 (53.61) (53.61) (2.ee) (2.99) |
|||
| (Decrease)/Increase in other payables (Decrease)/lncrease in other payables Decrease/(increase) in trade Receivable Decrease/(increase) in trade Receivable Increase/(Decrease)in other current Assets lncrease/(Decrease) in other current Assets Tax Refunds and Interest Granted IT Dep Tax Refunds and lnterest Granted lT Dep |
2 - (4.20) (4.20) |
(0.2s) (0.29) 11.23 11.23 82.83 82.83 4.78 4.78 |
||||
| c Cc |
INVESTING ACTIVITIES: FROM FLOW CASH CASH FLOW FROM INVESTING ACTIVITIES: |
(4.53) (4.53) |
95.56 95.56 |
|||
| (i) Non - Current Investment(Net) (i) Non - Current lnvestment (Net) (ii) Income From Current Investment (ii) lncome From Current lnvestment |
(37.80) (37.80) 7.41 7.41 (30.39) (30.3e) |
(24.89) (24.89) (24.89) (24.8e) |
||||
| D D |
FROM ACTIVITIES:- FLOW CASH FINANCING CASH FLOW FROM FINANCING ACTIVITIES:- (i) Decrease in paid up Shares Capital (Equity) (i) Decrease in paid up Shares Capital (Equity) (ii) Decrease in Resaves & Surplus (ii) Decrease in Resaves & Surplus |
- - |
48.00 48.00 1,632.00 1,632.00 |
|||
| E E |
DECREASEIN AND CASH CASH EQUIVALENTS DECREASE IN CASH AND CASH EQUIVALENTS |
- (65.22) (65.22) |
1,680.00 1,680.00 1,681.03 1,681.03 |
|||
| Opening Cash and Cash Equivalents as at 01.04.2020 Opening Cash and Cash Equivalents as at 01.04.2020 Cash and Cash Equivalents as at 31.03.2021 Closing Closing Cash and Cash Equivalents as at 31.03.202'1 |
237.42 237.42 172.20 172.20 65.22 65.22 |
1,918.45 1,918.45 237.42 237 -42 't,681.03 1,681.03 |
||||
| For TULIVE For TULIVE DEVELOPERS LIMITED |
DEVELOPERSLIMITED | |||||
| Place: Chennai Place: Chennai Date: 30.06.2021 Date: 30.06.2021 |
Atul Director\ |
t
R. RAIVIALI NGAIVI & ASSOCIATES R.RAMALINGAM & ASSOCIATES
Ch*rtered Account*nts Chartered Accountants
lndependent Auditor's Report Independent Auditor's Report
To: The Board of Directors, Tulive Developers Limited 21122, Loha Bhavan, PD Mello Road, Mumbai 400 009 Maharashtra To: The Board of Directors, Tulive Developers Limited 21/22, Loha Bhavan, PD Mello Road,Mumbai 400 009 MaharashtraReport on the audit of the Standalone Financial Results
Report on the audit of the Standalone Financial Results
Opinion Opinion
We have audited the accompanying standalone quarterly financial results of Tulive Developers Limited for the quarter ended 31.03.2021 and the year to date results for the period from 01.04.2020 to 31.03.2021, attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). We have audited the accompanying standalone quarterly financial results of Tulive Developers Limited for the quarter ended 31.03.2021 and the year to date results for the period from01.04.2020 to 31.03.2021, attached herewith, being submitted by the company pursuant to therequirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended("Listing Regulations").
ln our opinion and to the best of our information and according to the explanations given to us these standalone financial results: In our opinion and to the best of our information and according to the explanations given to usthese standalonefinancial results:
- i. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and i. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; andii. give a true and fair view in conformity with the recognition and measurementprinciples
- ii. give a true and fair view in conformity with the recognltion and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in lndia of the net profiUloss and other comprehensive income and other financial information for the quarter ended 311312021 as well as the year to date results for the period lrom 11412020 to 311312021 laid down in the applicable accounting standards and other accounting principles generally accepted in India of the net profit/loss and other comprehensive income and other financial information for the quarter ended 31/3/2021 as well as the year to date results for the period from 1/4/2020 to 31/3/2021
Basis for Opinion Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act,2013 (the Act). Our responsibilities under those Standards are further described in the Auditor's Respons ibilities for the Audit of the Standalone FinancialResulfs section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the lnstitute of Chartered Accountants of lndia together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules there under, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independentof the Companyin accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions -of the Companies Act, 2013 and the Rules there under, and we havefulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Management's Responsibilities for the Standalone Financial Results: Management's Responsibilities for the Standalone Financial Results:
These quarterly financial results as well as the year-to-date standalone financial results have been prepared on the basis of interim financial statements. The Company's Board of Directors are responsible for the preparation of these financial results that give a true and fair view of the net profiUloss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in lndian Accounting Standard 34, 'lnterim Financial Reporting' prescribed under Section 133 of the Act read with relevant rules issued there under and other accounting principles generally These quarterly financial results as well as the year-to-date standalone financial results havebeen prepared on the basis of interim financial statements. The Company's Board of Directors are responsible for the preparation of these financial results that give a true and fair view of the net profit/loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, 'Interim Financial Reporting' prescribed under Section 133 of the Act read with relevant rules issued there under and other accounting principles generally
accepted in lndia and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities, selection and application of appropriate accounting policies, making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error. accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities, selection and application of appropriate accounting policies, making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operatingeffectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
ln preparing the standalone financial results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. In preparing the standalone financial results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Boardof Directors either intends to liquidate the Companyor to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company's financial reporting process. The Board of Directors are also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of the Standalone Financial Results Auditor's Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the standalone financial results, as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results. Our objectives are to obtain reasonable assurance about whether the standalone financial results, aS a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAswill always detect a material misstatement whenit exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalonefinancial results.
As part of an audit in accordance with SAs, we exercise professionaljudgment and maintain professional skepticism throughout the audit. We also: As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- . ldentify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. * |dentify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to thoserisks, and obtain audit evidence that is sufficient and appropriate to provide a basis for ouropinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud mayinvolve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- . Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control. * Obtain an understanding of internal control relevant to the audit in order to design auditprocedures that are appropriate in the circumstances, but not for the purpose of expressingan opinion on the effectiveness of the company's internal control.
- . Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors. * Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
- . Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. lf we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern. * Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertaintyexists related to events or conditions that may cast significant doubt on the Company'sability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financialresults or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, futureevents or conditions may cause the Companyto cease to continue as a going concern.
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I
Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation. * Evaluate the overall presentation, structure and content of the standalonefinancialresults, including the disclosures, and whether the financial results represent the underlying transactions and events in a mannerthat achievesfair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We communicate with those charged with governance regarding, among other matters, theplanned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. Wealso provide those charged with governance with a statement that we have complied withrelevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thoughtto bear on our independence, and where applicable, related safeguards.
cHENNAI-600014 Date: 30.06.2021
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For R Ramalingam & Associates Chartered Accountants Firm Reg.NO.0106165 CHENNAI-600014 For R Ramalingam & Associates Date: 30.06.2021 Chartered AccountantsFirm Reg.NO.010616S
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R PARTNER ."M M.NO.027154 UDrN:q.l oLl I s ,l hD&f? ltl'3&'20 R nomeneld, PARTNER M.NO.027154 7 20 UDI: 10 2) ISH pA AA I+IT34
CIN : l-99999MH1 962P1C01 2549 CIN :L99999MH1962PLC012549
Date: 30th June 2021 Date: 30" June 2021
BSE Limited Phiroze Jeejeeboy Towers, Dalal Street, Mumbai - 400001. BSE Limited Phiroze Jeejeeboy Towers,Dalal Street, Mumbai — 400001.Dear Sir/Madam,
Dear Sir/Madam,
Ref: Scrip Code - 505285
SUB.: Declaration of audit report with unmodified opinion pursuant to Regulation 33(3Xd) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Ref: Scrip Code - 505285SUB.: Declaration of audit report with unmodified opinion pursuant to Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
We, Tulive Developers Limited, hereby declare that R Ramalingam & Associates, Chartered Accountants, statutory auditors of the Company have issued audit report dated 3OthJune 2021 with unmodified opinion on the financial statements of the Company for the financial year ended 31'tMarch 2021. We, Tulive Developers Limited, hereby declare that R Ramalingam & Associates, Chartered Accountants, statutory auditors of the Company have issued audit report dated 30"June2021 with unmodified opinion on the financial statements of the Company for the financial year ended 31"March 2021.
Kindly take note of the same. Kindly take note of the same.
Thanking you, Thanking you,
a}
ATUL G
Yours faithfully, For TULIVE DEVELOPERS LIMITED Yoursfaithfully, For TULIVE DEVELOPERSLIMITED
DIREGTO DIN: 01608328 Address: No:1, 6thAvenue, Harrington Road, Chetpet, Chennai- 600031 ATUL GUPTH DIRECTOR DIN: 01608328 Address: No:1, 6"Avenue, Harrington Road, Chetpet, Chennai — 600031.
Tulive Developers Ltd., lRegd. Office : # 21122, "Loha Bhavan,' pD Mello Road, Mumbai - 400 009 Corporate office : No.5, 1st Street, Subbarao Avenue, Chenaai - 600 006 I tel. : +9t 44 6462 4777 I +91 44 2823 0223 Email : [email protected] I www.tulivedevelopers.com 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
