Vipul Limited — Audit Report / Information 2021

Aug 27, 2021

Vipul Limited

Vipul TechSquare Golf-Course Road, Sector-43 Gurgaon - 122 009 Tel: -91-124-4065500 Fax: 91-124-406 1000 E-mail: info@vipulgroup.in www.vipulgroup.in

Ref. No. VIPUI/SECjFY2021-221 ~~)~	August 27, 2021
The Secretary	The Manager (Listing)
BSELimited, (Equity Scrip Code: 511726)	NationalStockExchangeofIndiaLimited,
Corporate Relationship Department,	(Equity Scrip Code: VIPULLTD)
At:1STFloor,NewTradingRing,Rotunda	Exchange Plaza, Bandra Kurla Complex,
Building,PhirozeJeejeebhoyTowers,Dalal	Bandra, Mumbai-400051
Street, Fort,Mumbai-400001

Sub: Statement on Impact of Audit Qualifications (Consolidated Accounts as on 31.03.2021)

Dear Sires),

This in continuation of our earlier letter no. VIPUL/SEC/FY2021-22/2048 and VIPUL/SEC/FY2021- 22/2062 dated August 09, 2021 and August 26, 2021, respectivley, pursuant to the provisions of Regulations 30 and 33 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we are hereby forwarding the statements on Impact of Audit Qualifications (Consolidated Accounts as on 31.03.2021).

We are once again forwarding the Statement on Impact of Audit Qualifications last submitted with the stock exchnages in compliance of Regulation 33 of SEBI(LODR)Regualtions, 2015.

You are requested to take the above confirmation on record and bring the same to the notice of all concerned.

Thanking you Y.,9l'1 0 ~~~ ly /~t:KiPu ed *I.C:../ * i.:ol .. t\ - \GJ~""-' ,f?:; ~IK --,', u ., 0,/ C an retary A-38859

Vipul	StatementonImpactofAuditQualificationsfortheFinancialYearendedMarch31,2021(basedonLastAuditedFinancialStatementsofSEZDevelopersPvtUd)
I.	SINo.	Particulars	AuditFigures(asreportedbeforeadjustingforqualifications)	AuditFigures(auditedfiguresafteradjustingforqualifications)
	1.	Turnover/TotalIncome	2914309001	2914309001
	2.	TotalExpenditure	2947787016	2947787016
	3.	NetProfit/(Loss)	(33478015)	(33478015)
	4.	EarningsPerShare	(0.40)	(0.40)
	5.	TotalAssets	17130314625	17130314625
	6.	TotalLiabilities	17130314625	17130314625
	7.	NetWorth	3615719175	3615719175
	8.	Anyotherfinancialitems(s)(asfeltappropriatebythemanagement)	Nil	Nil
II.AuditQualification(eachauditqualificationseparately):(AsperAnnexureI)
	DetailsofAuditQualification:AsperAnnexure3.			1
	TypeofAuditQualification:QualifiedOpinion/DisclosureofOpinion/AdverseOpinionQualifiedb.
	Frequencyofqualification:whetherappearedfirsttime/repetitive/sincehowlongcontinuingc.			Repetitive
	ForAuditQualification(s)wheretheimpactisquantifiedbytheauditor,Management'sview:d.			NotApplicable
	e.ForAuditQualification(s)wheretheimpactisnotquantifiedbytheauditor:Management'sestimationontheimpactofauditqualification:i.
				Nil
	ii.Ifmanagementisunabletoestimatetheimpact,reasonsforthesame:			1AsperAnnexure
	iii.Auditor'sCommentson(i)or(ii)above:			1AsperAnnexure

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III. Signatories:

Mr. Punit Beriwala Managing Director & Chief Executive Officer

Mr. Vikram Kochhar Chairman Audit Committee

JSUS & Associates Statutory Auditor

Place: Gurugram Date :09.08.2021

Annexure 1 to the Statement on Impact of Audit Qualifications (for audit report with modified opinion) submitted along-with Annual Audited Financial Results - (Consolidated)

01.	Inabsenceoftheconfirmationoftheadvancesgivenamountingto	Themanagementisfollowingupforrecoveryandfavorable	Nospecificcommentsotherthan
	Rs33,50,000,Weareunabletocommentabouttherealisabilityofthe	responseisexpected.Hence,themanagementisoftheopinion	ourobservationinauditor'sreport.
	same	thatnoorovisionisreauired.
02.	Thelicensesforthegrouphousingdevelopmenthaveexpiredduring	Themanagementisoptimisticabouttherenewalofsaid	Pendingreceiptoftheorderfrom
	January14andJanuary16respectivelyandthecompanyhasapplied	licenses.	theLicensingauthorities,
	forrenewaloftheselicensesunder"theEDCReliefpolicy"		consequentialeffectsonthe
	announcedbygovt.Haryanaandaccordinglythecompanyhas		financialresultsarenot
	submittedamortgagedeedofcertainportionoflicenselandto		ascertainable.
	DTCP.Therenewaloftheselicensesareawaited.Intheabsenceof
	suchrenewallicensesweareunabletocommentaboutthefutureuse
	ofsuchlandforwhichsuchlicensehasbeenobtained.
03.	TheexternaldevelopmentChargesandinfrastructuraldevelopment	Themanagementisoftheopinionthatnofurtherprovisionis	Pendinganydemandfromthe
	chargesalongwiththedelayedpaymentsurcharge,amountingto	requiredasallliabilitiesincludingdelayedpaymentsurcharge	Bank,consequentialeffectsonthe
	Rs.I,34,25,07,153/-(Previousyear1,23,92,10,153),havenotbeen	hasalreadybeenprovidedinthefinancialstatements.Any	financialresultsarenot
	depositedandthestatutoryauthorityhastakensteptoinvokethe	financialimpactfromBankoninvocationoftheBank	ascertainable.
	BankGuaranteeissuedbyAxisBankLtd.Pendinginvocationof	Guaranteeisnotascertainabletillthetimeanysuchdemandis
	Bankguarantee,weareunabletocommentabouttheimpactofthe	raisedbytheBank
	sameinthefmancialstatementofthecomoan
04.	Rs.1612827411-showninthebooksasDepositlyingwith	Themanagementisoftheopinionthatnoprovisionis	Pendingconfirmationfromthe
	DepartmentofTownandCountryPlanning,Govt.ofHaryanais	requiredastheserecoveriesfromDepartmentofTownand	DepartmentofTownandCountry
	subjecttoconfirmation.	CountryPlanning,GovtofHaryanaisbasedonvarious	Planning,GovtofHaryana,
		correspondenceoftheGovernmentBody.Anaccount	consequentialeffectsonthe
		confirmationfromDepartmentofTownandCountry	financialresultsarenot
		Planning,GovtofHarvanaisawaited	ascertainable
05	Intheabsenceoftheconfirmationoffixeddeposit,(including	Themanagementisfollowingupforconfirmationand	Nospecificcommentsotherthan
	accruedinterest)amountingtoRs.470,94,933.00,Weareunableto	favorableresponseisexpected.	ourobservationinauditor'sreport.
	commentuoontherealisabilitvofthesame.

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