Tulive Developers Limited — Interim / Quarterly Report 2021

Feb 13, 2021

CIN: L99999MH1962PLC012549

13thFebruary2021

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001.

Dear Sir.

SUB.: OUTCOME OF BOARD MEETING HELD ON FEBRUARY 13, 2021AND $31^{ST}$ ENDED QUARTER THE RESULTS FOR FINANCIAL UNAUDITED DECEMBER2020.

We wish to inform you that the board of directors of Tulive Developers Limited at their meeting held today ie., 13^th February 2021, which commenced at 04:00 PM and concluded at 05:00 PM, considered and approved the unaudited financial results of the Company for the quarter ended 31^st December 2020.

Pursuant to Regulations 33 of the SEBI (LODR)Regulations, 2015, find enclosed the unaudited financial results of the Company for the quarterended 31^st December 2020 together with the limited review report. The results will also be uploaded in the website of Bombay Stock Exchange atwww.bseindia.com and on the Company's website atwww.tulivedevelopers.com.

Kindly take the same on record.

Thanking you,

Yours faithfully, For TULIVE DEVELOPERS LIMITED

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

Encl: A/a

ATUL GURT

Tulive Developers Ltd.,

Regd. Office : # 21/22, "Loha Bhavan" PD Mello Road, Mumbai - 400 009. Corporate Office: No. 5, 1st Street, Subbarao Avenue, Chennai - 600 006 | Tel.: +91 44 6462 4777 | +91 44 2823 0223 Email: tulivechennai@gmail.com | www.tulivedevelopers.com

Tulive Developers Limited
Regd Office No.21/22, "LOHA BHAVAN"P. D. Mello Road, Mumbai 400009 WEBSITE: CIN L99999MH11962PLC012549 : www.tulivedevelopers.comTelephone No.044-28230222 E-Mail atul.acura@gmail.com UNAUDITED FINANCIAL FOR RESULTS THE QUARTER AND MONTHS ENDED NINE 31ST DECEMBER2020 (STANDALONE) PART 1 (Rupees in Lakhs ) UN AUDITED AUDITED
5. Ne. bereits THREE MONTH ENDED NINE MONTH ENDED ¥EAR ENDED 31.12.2020 [30.09.2020 31.12.2019 31.12.2020 31.12.2019 31.03.2020 I Revenue from Operations - - - - 15 1.5 I Other income (8.81) (2.82) (15.62) (16.76) (21.78) (37.03)
II Total Revenue(I+I1) (8.81) (2.82) (15.62) (16.76) (20.28) (35.53) IV EXPENSES: (a) Employee benefit expenses 1.35 1.30 1.35 3.93 4.05 5.47 (b) Depreciation and amortization expense 0.14 O15 0.29 0.43 0.88 LH
(c) Other expenses 9.81 8.75 5.81 20.86 16.09 19°85 Total Expenses IV 11.30 10.20 7.45 25.22 21,02 26.43 Vv Prefit/(Loss) before exceptional items, extraordinary items and tax (I-IV) (20.11) (13.02) (23.07) (41.98) (41.30) (61.96) VI Exceptionalitems . a 2 e - 7				[
VII Profit before extraordinary items and tax (V-VI (20.11) (13.02) (23.07) (41.98) (41.30) (61.96) VII. {Extraordinary items - - (0.50) - (30.40) (30.96) IX Profit before Tax (20.11) (13.02) (23.57) (41.98) (71.70) (92.92) Xx Tax Expense 1.Currenttax
- - - - - (0.16) 2.Tax Expenses - - - - (0.15) - XI Profit/(Loss) for the period from continuing operations (IX-X) (20.11) (13.02) (23.57) (41.98) (71.85) (93.08) XII [Profit / (Loss) from discontinued operations - - - 7 * a XIII [Tax Expensesof discontinued operations - = « s - - XIV_ Profit/Loss from discontinuing operations after TAX (X0-XT) - = - ~ i - XV__ {Profit /Loss for the period (XI+XIV) (20.11) (13.02) (23.57) (41.98) (71.85) (93.08) XVI {Other Comprehensive Income a «
3 - - " XVII Total comprehensive Income for the period (XV+XVI) (20.11) (13.02) (23.57) (41.98) (71.85) (93.08) PART-II 1 Paid up Equity sharecapital (face value of Rs. 10/- per equity share ) 215.44 215.44 215.44 215.44 215.44 215.44 2 Reserves excluding Revaluation Reserve as per Balance Sheet of Previous year 4824.75 4824.75 6549.89 4824.75 6549.89 4824.75
Earnings per share a (a) Basic (0.93) (0.60) (1.12) (1.95) (3.29) (4.32) (b)Diluted (0.93) (112) (0.60) (1.95) (3.29) (4.32) 1, The operations of the companyis relating to rendering of Project Managementconsultancy services and agricultural activities
2; (a)The Company continues its Non Current Investments in the following two registered partnership firms engaged in Housing Development Projects (i) Messrs Tulive Estate (ii) Messrs Tulive Builders (b) Share income/loss from above twofirms for the quarter / nine months ended 31.12.2020have been adopted as perthe provisional and unaudited accounts of the respective firms as per information furnished bythe firms 3, Provision for taxation is considered as NOT required in the absenceof any taxable income 4, The above unaudited financial results have
been duly reviewed and recommended by the Audit Committee to the Board ofDirectors and duly approved by the Board in the meeting held on 13.02.2021 5. The financial results have been subjectedto limited review by the statutory auditors of the Company. 6, Figures for the previous nine months and quarter ended 31.12.2019 have been regrouped and reclassified to conform to the classification for nine months ended 31" December 2020 7 Thefinancialresults are as per IND AS. in accordance with Schedule III Format of Campanies Act 2013
ATUL Place : Chennai -600006 Direct Date : 13.02.2021 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 DEVELOPERSLIMITEDforthe period from 01.04.2020 to ³¹ .12.2020.This statementis 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.
• We conducted our review in accordance with the Standard on Review Engagements (SRE) 2400, "Review of Financial Statement" 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 whetherthe 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.
• Based on our review conducted as above, nothing has cometo 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 termsof 'Regulation ³³ of SEBI( Listing Obligations and Disclosers Requirements ) Regulations, ²⁰¹⁵ including the mannerin which it is to be disclosed, or that it contains any material misstatement.

CHENNAI-600014 For ^R Ramalingam & Associates Date: 13.02.2021 Chartered Accountants 0.010616S

R Ramealingam PARTNER M.NO.027154 UDIN: 21027154AAAAEJ7580