4th February, 2022

BSE Limited

National Stock Exchange of India Limited

Corporate Services,

Exchange Plaza,

Piroze Jeejeebhoy Towers,

Bandra Kurla Complex,

Dalal Street,

Bandra (East), Mumbai 400051

Mumbai - 400 001

Listing:http://listing.bseindia.com

Listing:https://www.connect2nse.com/LISTING/

Re:

Security

BSE

NSE

ISIN

Equity Shares

532313

MAHLIFE

INE813A01018

Dear Sirs / Madam,

Sub.: Outcome of Board Meeting held on 4th February, 2022

Dear Sir/Madam,

Pursuant to the provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015 ["SEBI LODR"], we wish to inform you that the Board of Directors at its meeting held today, 4th February, 2022, from 11:30 am to 2:15 pm, inter alia, have:

  1. Approved the unaudited standalone and consolidated Financial Statement for the 3rd Quarter and nine months ended on 31st December, 2021;
  2. Approved issue and allotment of 4,500 new fully paid-up Equity Shares of Rs.10/- each to the Eligible Employees pursuant to the exercise of Options granted under Employee Stock Options Scheme 2012 (ESOS - 2012), at an exercise price of Rs.10/- per share. Pursuant to this allotment, the issued equity capital of the Company has increased from Rs. 154,66,08,530 to Rs. 154,66,53,530 and subscribed & paid-up equity capital of the Company has increased from Rs. 154,50,76,640 to Rs. 154,51,21,640.

Accordingly, we are enclosing the following:

  1. A copy of the unaudited standalone and consolidated financial statement of the Company for the 3rd Quarter and nine months ended on 31st December, 2021;
  2. Limited Review Report on standalone and consolidated financial statement of the Company for the 3rd Quarter and nine months ended on 31st December, 2021, issued by Statutory Auditors, M/s. Deloitte Haskins & Sells LLP;
  3. A copy of the press release for Q3 FY22;

The press release is self - explanatory. The press release will also be disclosed on the website of the Company http://www.mahindralifespaces.com.

The results will be available on the website of Stock Exchanges on the link www.nseindia.com

and www.bseindia.com and on the website of the Company https://www.mahindralifespaces.com/.

Kindly take note of the above.

Thank you

Deloitte

Haskins & Sells LLP

Chartered Accountants

One International Centre

Tower 3, 27th -32nd Floor

Senapati Bapat Marg

Elphinstone Road (West)

Mumbai - 400 013

Maharashtra, India

Tele: + 91 22 6185 4000

Fax: +91 22 6185 4001

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF

MAHINDRA LIFESPACE DEVELOPERS LIMITED

  1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of MAHINDRA LIFESPACE DEVELOPERS LIMITED ("the Company"), for the quarter and nine month ended December 31, 2021 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
  2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
  3. We conducted our review of the Statement 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 ("ICAI"). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Regd. Office. One International Centre, Tower 3, 27th -32nd Floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai - 400 013, Maharashtra, India. (LLP Identification No. AAB-8737)

Deloitte

Haskins & Sells LLP

4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For DELOITTE HASKINS & SELLS LLP

Chartered Accountants

(Firm's Registration No. 117366W/W-100018)

Ketan Vora

(Partner)

(Membership No. 100459) (UDIN:22100459AAIQNW4413)

Place: Kolkata

Date: February 4, 2022

Mahindra Lifespace Developers Limited

CIN - L45200MH1999PLC118949

Fax No.: 022-24975084 Tel.: 022-67478600 Website: www.mahindralifespaces.com

Registered Office :- Mahindra Towers, 5th Floor, Worli, Mumbai - 400018

Statement of Standalone Unaudited Financial Results for the Quarter and Nine Months Ended 31st December, 2021

Linked with

(Rs. in lakhs)

Particulars

Quarter ended

Nine Months Ended

Year Ended

31.12.2021

30.09.2021

31.12.2020

31.12.2021

31.12.2020

31.03.2021

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

1

Revenue from Operations

401

650

3,551

15,080

4,813

8,964

2

Other Income

747

2,643

664

3,936

4,534

4,675

3

Total Income (1+2)

1,148

3,293

4,215

19,016

9,347

13,639

4

Expenses:

a) Cost of Sales

- Cost of Projects

189

353

3,582

13,855

4,310

8,043

- Operating Expenses

-

5

22

264

36

89

b) Employee Benefits Expense

1,728

2,064

1,692

5,814

4,782

6,531

c) Finance Costs

128

161

89

350

356

367

d) Depreciation and Amortization Expense

130

131

162

403

505

665

e) Other Expenses

2,125

1,099

1,193

4,117

2,572

4,911

Total Expenses

4,300

3,813

6,740

24,803

12,561

20,606

5

Loss Before Tax (3-4)

(3,152)

(520)

(2,525)

(5,787)

(3,214)

(6,967)

6

Tax Expense/(Credit):

a) Current Tax

-

-

-

-

-

-

b) Deferred Tax

(782)

(90)

(677)

(1,445)

(833)

(1,742)

7

Loss after Tax (5-6)

(2,370)

(430)

(1,848)

(4,342)

(2,381)

(5,225)

8

Other Comprehensive Income/(Loss)

Items that will not be reclassified to profit or loss

- Remeasurements of the defined benefit liabilities (net of taxes)

-

-

-

-

39

(15)

9

Total Comprehensive Loss (7+8)

(2,370)

(430)

(1,848)

(4,342)

(2,342)

(5,240)

10

Paid-up Equity Share Capital (Face Value of Rs.10 each)

15,449

15,418

5,138

15,449

5,138

5,138

11

Reserves (excluding revaluation reserves) as at Balance Sheet date

1,39,407

12

Earnings per equity share (Face value of Rs. 10/- each) (Rs.)*

a) Basic

(1.54)

(0.28)

(1.20)

(2.81)

(1.54)

(3.39)

b) Diluted

(1.54)

(0.28)

(1.20)

(2.81)

(1.54)

(3.39)

* Basic and Diluted EPS for all periods, except year ended 31.03.2021, are not annualised.

Reporting of Segment wise Revenue, Results & Segment Assets / Liabilities

(Rs. in lakhs)

Particulars

Quarter ended

Nine Months Ended

Year Ended

31.12.2021

30.09.2021

31.12.2020

31.12.2021

31.12.2020

31.03.2021

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

1

Segment Revenue (Revenue from Operations)

a) Projects, Project Management and Development

210

445

3,407

14,504

4,261

8,295

b) Operating of Commercial Complexes

191

205

144

576

552

669

Total

401

650

3,551

15,080

4,813

8,964

-

-

-

2

Segment Results

a) Projects, Project Management and Development

(506)

(134)

(1,046)

(856)

(1,040)

(1,713)

b) Operating of Commercial Complexes

91

87

78

285

357

405

Total Segment Results

(415)

(47)

(968)

(571)

(683)

(1,308)

Less : Other unallocable expenditure / (income) (net) excluding interest

2,609

313

1,468

4,866

2,175

5,292

below

Less : Unallocable Interest

128

161

89

350

356

367

Total Loss before Tax

(3,152)

(521)

(2,525)

(5,787)

(3,214)

(6,967)

0.00

(0.00)

-

3

Segment Assets

-

-

-

-

-

-

a) Projects, Project Management and Development

1,63,468

1,62,023

1,53,134

1,63,468

1,53,134

1,62,075

b) Operating of Commercial Complexes

2,411

2,492

2,470

2,411

2,470

2,398

Total Segment Assets

1,65,879

1,64,515

1,55,604

1,65,879

1,55,604

1,64,473

c) Unallocated Corporate Assets

42,575

43,254

37,562

42,575

37,562

38,828

Total Assets

2,08,454

2,07,769

1,93,166

2,08,454

1,93,166

2,03,301

-

-

4

Segment Liabilities

a) Projects, Project Management and Development

58,652

57,711

39,181

58,652

39,181

51,946

b) Operating of Commercial Complexes

659

681

540

659

540

551

Total Segment Liabilities

59,311

58,392

39,721

59,311

39,721

52,497

c) Unallocated Corporate Liabilities

8,538

6,732

6,113

8,538

6,113

6,259

Total Liabilities

67,849

65,124

45,834

67,849

45,834

58,756

-

-

-

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Mahindra Lifespace Developers Limited published this content on 04 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 February 2022 09:25:07 UTC.