TRANSFORMING URBAN LANDSCAPES fOR a in ra LIFESPACES
YEARS
21 st October, 2019
BSE Limited National Stock Exchange of India Limited Corporate Services, Exchange Plaza, Piroze Jeejeebhoy Towers, Sandra Kurla Complex, Dalal Street, Sandra (East), Mumbai 400051 Mumbai-400 001 Listing: !)ttp://listing.bseindia.corn Listing: https://www.connect2nse.com/LIST!NG/
Re: Security BSE NSE ISIN Equity 532313 MAHLIFE INE813A01018 Shares
Dear Sirs I Madam,
Sub.: Outcome of Board Meeting held on 21 st October. 2019 (Board meeting commenced at 6.00 pm and ended at 11.30 pm)
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, 21 st October, 2019, inter alia, have approved the Unaudited standalone and consolidated financial results for the 2nd quarter and half year ended on 30th September, 2019;
Accordingly, we are enclosing the following:
a) A copy of the Unaudited standalone and consolidated financial results for the 2nd quarter and half year ended on 30th September, 2019;
b) Limited Review Report on standalone and consolidated financial results of the Company for the 2nd quarter and half year ended on 30th September, 2019, issued by Statutory Auditors, M/s. Deloitte Haskins & Sells LLP.
c) A copy of the press release for Q2 FY 20 which will be circulated to Press. The press release is self - explanatory.
Mahindra Lifespace Developers Ltd. Clf,J: 1.,ii;WOMH·J umJPLC11!lB4B MahimJrn Towte1·1_;, 5th Flour·. Dr. G. M. BlmsalB Mar·(J, Worli, Mumbai 400 018, India Tel.: +81 22 67478600/ 8601 www.mahind1'('1lifespac1�s.co111 TRANSFORMING URBAN LANOSCA/'1;$ FOR mahlndra LIFESPACES
YEARS
The press release and the financial results will also be hosted on the website of the Company http://www.mahindrali/e.s.12aces.c:om.
Kindly lake note of the above.
Thanking you,
Yours faithfully, For Mahindra Llfespace Developers Limited
SuhasKulk~✓ Chief Legal Officer & Company Secretary (FCS-2427) Encl.: a/a
Mahindra Lifespace Developers Ltd. Cl/\1 1.fll)!!OUMH1G8HPi_C1'1B!:JtlB Malli11d!'a Tuwe1·s, Sl11 rlool', Dr>. G. M. f31H.JbUl(ci fv1aq3, Worli, Mumbai /JOO 018, India Tc~L: +81 22 67478600 / 8601 wvvw.rnahindmlifespaces.corn Mahindra Lifespace Developers Limited Cm ‘L45200MH1999PLCI18049 Fax No.: 022.24975084 Tel.: 02247478600 Webaite: www.mahindralifespaces.com Re9ste ed Ott’ce Mahindra”owers 5th Floor Nor], tAsmba 400016 Statement of Standalone Unaudited Financial Results For The Quarter and HalF Year Ended 30th September. 2019
IRS. tntaktlst : Particulars Quarter ended Halt Year Ended Year Ended 3009 2019 3006 2019 3009 2038 3009 20r9 3009 2036 3103 2019 Unsuditea Unaud,ted Unaudited Unaudite a Unaud’ ted Audited
I R suer efrom Openat ons 27 549 835 7 158 35 50o 2045 46 603 2 Otter Income 2 148 1 552 3,336 3 700 4 579 6,681 3 Total Income (1t2) 29.297 9,908 10.494 39,206 25,036 55.484
4 Eapenses: a’ Cost on Sa es 210 27 13 33 . Coon o’ Proec1s 2 90’ 5 568 4 467 015 264 -Operat’r a Expenses 360 36 53 396 112 376 0’ Emproyee Benefits Eape’lse 2 • 17 1 932 I 514 4 049 3 288 6 534 C’ F-narce Costs 48 36 235 84 493 546 6, Deprecation and Amort,zat.on Eepense 180 185 75 365 149 306 e’ Omen Espenses I 71 1 125 1277 2 836 2 62 5 076 Total Expenses 26,317 8,880 7,364 35.997 ‘19,684 47,0Th
S Profit Before Taa (34) 2,980 1,029 3.130 4.009 5.352 6.458
6 Tax EapenseNCredit):
a,C,,nenttae . - ‘‘I ‘ 664 - 6’ Deferred Tan ‘2’ 61 803 59 937 2 599
7 Prefil alter Tan (54) 2.982 968 2.209 3,950 3.739 5,650
8 Othe Camp eh ensue ,rcOme inept that will rot be reclassified to proF’t or loss
, Remeasurements of the deFined benefIt I ab,I t Cs met of taxes) 62 . 6 62 6 i7l)
9 Total Comprehensive Income (7+8) 3,044 968 2,215 4,012 3737 5,762
10 Pad p Eq 9 Share Cap ta Face Value of Ps 10 each 5 136 5 135 5 135 5 136 5 135 5 35
II Reserves leaciud’nq revaluat: on, reserves las at Balance Sheet date 1,70 983 1,67 951 I 69,995 12 capital Redemptron Reaerve 7354 7 354 T354
93 Ea,ninqs p Sr equ’ty share ‘Face value of Ps ‘0- sacS IRs I’ a,Bas,c 581 369 430 769 727 1141 blD:uted 579 Itt 429 767 25 1139
‘ aas c a”d 0,luted EPS for all per’ods escept lear ended 31 03 2019 are not annual sed Reporting of Segment wise Revenue, Results & Segment Assets I Liabilities (Ru fl lalthsf
Quarter ended Hall Year Ended Year Ended
3009 2019 30 OS 2019 3009 2018 30-09 2019 3009 2018 31 03 2019 cc a a Unaud:ted Unaudlted Unaud’ted Unaudited Unaudited Audited
I Segment Revenue (Revenue from Operations) a Projects- Pro1ect Management and Development 26 792 7,999 6842 34 791 19753 47 166 b) Operating of Commercral Compleses 357 358 318 715 704 1 437 Total 27149 8,357 7,158 35,506 20,457 48,603
2 Segment Results a) Projects- Pro1ect Management and Development 3.884 2.537 2 452 6-421 5 937 12 298 El Operating of Commercial Co.nplenes 280 272 258 552 558 1 159 Total Segment Results 4.164 2,809 2,710 6,973 6,495 13,457 Less 01 her unailocable expenditure! (Income) mdl excludng mterett below 1.136 1.744 (655) 2.850 650 4 451 Less Unallocable lnlerett 48 36 235 64 493 548 Total Profit before Tat 2.980 1.029 3,130 4,009 5,352 8,458
3 Segment Assets a) Projects. Project Management and Development 1.65,496 1 f&519 I 91.010 1 65 498 1.91.010 1.80,560 hi Operating of Commercial Compieees 3.164 2 772 2 488 3,164 2 408 2.727 Totat Segment Assets 168.6Sf 1,69.201 1.93.498 1.68.660 1.53,498 1,83.267 ci Unallocated Corporate Assets 59,016 56.049 52 039 59.016 52.039 59 314 Total Assets 2,27,676 2,47.340 2,45,537 2,27,676 2,45,537 2.42,601
4 Segment Liabilities ei Pro1ects Project Management and Development 45.019 65.462 65 196 45.019 65 196 62 027 b) Operating of CommerCIal complexes 568 573 570 568 570 557 Total Segment LiabIlities 45,587 66,035 65,766 45,587 65,766 62,594 cI Unallocated Corporate Liabilit’ea 5,972 5 186 6 685 5972 6.685 4 886 Total Liabilities 51,559 71.221 72.451 51.559 72451 67.470
Statement of Assets end Liabilities as on 30th September, 2919 (Re. In Lathe) Asat Asat 30.09.2019 31.03.2019 Unaudiled Audited ASSETS Noncurrent Assets Property Plant and Equipment 490 601 Right of Use Aetets 744 Capital vscrk-in.progress 1 116 981 investment Property 2122 2141 Other lntangible assets 25 32 Frnanc’el Assstn -Inveatmenta 85 529 65.088 Deferred tax assets (net) 1 440 1.533 Other Non Current Asntta Total Non Current Assets 4973.703
Current Assets
- lnventor,et 79 395 99 779 Frnanc’ai Assets Trade Receivables 12227 11 287 -Oath and Cash Eqv,vaientn isle 10.901 Bank Baiancas other than Cash and Cash Equ,ualentx about e3s4 ‘0788
- Loans II 466 5 195 -Other PinanC’al Atxett 18 496 98.644 Other Current Assets l926 II 304 Total Current Assets 152527 168898
- Total Assets (1+2) 227.676 2.42.601
EQUITY AND LIABILITIES
- Equity
- Equity Share capital 5 136 5,135 Other Equty 1 70981 1.69.998 Netwo rats 1,76,117 1,7S,131
- Liabilities Non-Current Liabilities Financial L,abi,tet
Leaae Liabilities 303 - Provis’,ont 406 385 Total Non current Liabilities n5
Current Liabilities Financial Lrabilit,es Borrowings 15819 11 954
-Lease Liabilities 459 -
- Trade Peyablet Total Outstanding Dues of More Entsrpnssx and Small Enterpnses Total Outstard’ng Dues of Creditors other than Micro Enterprises and Small Enterprises t.235 12.314 38151 - Other Fm anc’a’, Llabilitlax 3528 Other Currant Liab,iillet 20258 37.121 Provisiena 10851 789 Current Tax Llabilitlta (Neti 1379 1379 Total Current Liabilities 50,8S0 67.085
Total Equity and Liabilities 11+2+31 2. 27. 676 2.42.601 ______
Statement of Cash Flows for the Hslf Year Ended 30th September 2010 (Rs.tn lakhsl Half Year Ended Particulars 3009:2019 3009,2018 Unaudiled Unaudited A. Cash flows from operating activities Profit Before isa 4 009 5.352 Ad1ustmenls for Depreclatton and Amortieation Eapenee 365 149 Protit on aale otcurrenflnnestments (83 Expense Recognised in respect ot equity-aettted-ahare-baaed-faymente 51 78 tntereat Income (tOO) (2,186) Net gain arising on financial assets measured at fa:r value through profit or Iota 1461) (27) Finance Costs 84 493 Dividend tncome 1 843) 2 209r Loan (Gain) on disposal of Property. Plant & Equrpment 3 tSt Operating Profit Before Working Capital Changes 1402 156’ Changen in ft ccrease) / Decrease in Trade and Other necevables I Advancea 8.596) 2412 Dtcreese in I noentonet 20 953 7 782 Decrease tn Trade Payabtea and Other Lab:ltet 120.235) 2 n411 Cash (used inliGenerated from Operations /4.477) 9614 Income lanes paid t3361 (1.6751 Net Cash (used in) I generated from operating activities )4.8t3) 7939
B. Cash flowt from investing activities Payment to acquire Property. Plant and Equipment (143) (1511 Proceeds from disposal of Property Plant and Equipment 8 83
Payment to acquire hnanca) aesete ‘ 137.245l t Proceeds from aale of financial assets - 52061 Bank deposits (net) 4425 866 Changes in earmarked balances and margin account smith banks (20) Payment to acquire other noncunrent Investments
Purchase of investment in subsd)anes and Joint Ventures . (4009 Interest received 541 315 Dividend rece ived 1.843 2209 i Inter-corporate Deposit Given (4 840) in.3329
Inter-corporate Depoet Reai:eed - 5800) Net Cash generated from investing ache ilies t 814 2 783
IC. Cash flows from financing activities P roce ed a from orrowi rigs 36976 5.000 Repayment of borrownga 113 312) v2e4la) interest paid 1619) 12.4t71j Dividend Paid iincludina tan tnereoni 1308)1 13.2341]
Proceeds from issue of Equity snares of the Company , n Payment of ease liablitien (24:1 Net Cash used in financing activilies flfl_i30i
Net decrease rn cash and caeh equ-malenta 3 285) (3471 Cash arid Cash Eqaivalerts at the beginning of the year 10901 3597 Cash and Cash Equivalents at tIne end of the period 7616 3250
The above Cash flow Statement has been prepared under the - indrrect methodS ae set out in indian AccounIng Standard (Ind ASi 7- Statement of Caen ftow&
4 Notes:
I The abone results hare been reviewed by the Audit Committee and approved by the Soard of Directors of the Company at their respective meetings held on 21st October 2019 The unauditeoititenm standalone financral results for the quarter and half year ended 30th September 2019 have been as bjected to limited review by the atetutory auditors- Deloitte hiaskins and Sells LLP who here expressed an unmodifIed opinion-
2 The standalone financial rexulta of the Company here been prepared in accordance wry the tndlan Accounting Standards llnd Aol as prescribed under Section 1h3 of the Companies Act 2313 reed with the relevant rules asued thereunder end the other accounting pninc.pies generally accepted ln India
3 Ministry of Corporate Affars hex notihad nd AS 116 Leases which is effecs-se trom Olsi April 2019 Pursuant to this the Company has applied this standard to all lease contracts enisting or OreS 5p’i1 2019 using the rotrospocnive approach with the cumulah,-e stied at fre oate or inital application On thst date the Company recognisedaisase iiab.l.Iy Cr easured at the present valve or tine remaining lease payments using the lessees Increreentar brr’ow.ng rate as as 01st Apnl, 2019 and correxpond:ng Right of Use iROU1 asset measure d at an amount equ relent to lease lability Therefore, there is no effect of adopting 110 AS 16 oc reta ned earnings as an 01st April. 2019 with no restatement of connparati, C rnforrnasion Cowparahses toe the warIer end half year ended 30th September, 2Q18 and for the year ended 31sf March 2019 ssnfl continue to be reporned under tpe accosmrting pcI-si es incl-uded as pail of our Annsai Report nor ye ar ended 31st March- 2019 Thus ontranslt,on the adoption of the new stand ard resulted in recognition of R,ght of Use asset of As r3 ,akbs and a lease l’sbi-ly of ns 973 iakfns
a ci&W 0’ th.s be operating ‘ease rent which was p,trenc accounted unde’ ‘Olhe’ eapenses fin p’euioas periods has now been accounted as deprec:aror and fin ence costs ceorn-ng / rye p’of:l Ocr the current ryarte’ fl ncr yea’ aide d 3cm Septen’ber 2c’n is Icwe’ by Ps S lah Cs -net’ a’ d n ‘a ‘n earl respect-ne y rosS esle’l ne pe’fomn’a’ce of the current nualel and ha.f ye an enoed Sepleunbe’ 3 319 snot conr parab:e ‘.vrn ow i,cun ova-ten vearvn 7es:s The franc-a’ wsvitnorcu’neni nuane’ a’Onaf1ea’e’ded3oth Sepneber 229 resv’rs :n an irc’eaee ci As n 13. -am’ a’o As 229 ache ‘asperr.. e S dep’ec-at on fc’ the rant c-n na assets aid “c’ease A s’6’ass a’d As 33 ‘aarn
‘especfe:/ qf. nance costs on -ease ab. e, and oeowase -in cce’a:-ng ‘ease ‘cry css’. of As 122, asfrs and As 24L acne rescect sEn
4 3cth up t nas .akns due to a c:menr Cf 650 sna’es puesuast to ene’c 5€ C’ s’,ocn c’s Dr ng the c_hart quale’ ended Seste’lbe’ 13’a one pa d equ /cap a’ gene _p by As 1 69 6 opt by e.g bit empo’,ees u0e’ 5505 20’2
Di,’ rig sr’s qma’le’ e’ded Septeinrben 30 2019 Pie Company nsa coteo to COnm e’l .ts’v estinenl in 320 ‘T 000 Se—en SOd c-ma In Ccn;ern,ble Debentmres 003 s--n Pr nate “5 ted VHPvi and nas recess de C4 / pa d-up Swims C Eov Sn Snares ‘en-oem9 g’tS: 0’ the ‘dcc n-due C’ As IC saC’ Asares ult Of ‘SCO’, wi5’c’. ‘a .m.estment icr equit /shares are nou,’ecognised at cost
6 5 nce on enarse of acts i-es be”g ca’red out bs ‘in Ccrnpanyssuct’ tnat volt s ssoes’Iornce na-n transactor’s do no ‘ecessar ‘y accinue e;sn’/o,e’ tOe near ray 11 so’aqua’Ie’ Pay ‘ot be reneseI’ta tie or p’of.ts ossesrcrrn.e a5e’
7 As pc rd .x rca ‘Ope’at-’g Seg”a’t t5e Cc”namy 5as’ecor.eo Segment ‘ntc.’,’at ci cc bets oe5me’ts a P’s avis 0’c act aia_er_eir and Dw,e’c-cTerl: S Ope’at ‘ng o’ Cc”ne’c’al Conrrplsnes Ic’ the sd-rose cr v-5 te v’arag’rg C redo’ she C’ et OceraI ngDecsc’’,faise’
a P’siou u pa’.co 3aa’ I gras have deer elricurec urwe, a’fcv 73 necessary to cc.”crr to c,ne’t cer.od peal c’ass°.car;cn
Isa nd eu behalf of the Soars
Sargeeta Prasad Place f.fumrba: r/anag-n9 Director Dated 2Ist CdloSe’ 2019 Diii 02791944 ku Chartered Accountants De 01 e Indiabulls Finance Centre
Haskins & Sells LLP ElpNLne1’Road4st) Mumbai -400013 Maharashtra, India
Tel: +91 22 6185 4000 Fax: +91 2261854001
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 six months ended September 30, 2019 (“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” (“md 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 cf 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.
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. 1 17366W/W- 100018)
Ketan Vora (Partner) (Membership No. 100459) (UDIN: ci Cc %AñML cc,,. ç ) Place: MUMBAI Date: October 21, 2019
Regd. 011cc: [ndiab,I:s Finance Centre. Tower 3, 27’- 32 F)oor, Serapar Bana: Mag. Ephns:one Road (West), Mrnba, -400 013, Maba’asn:ra, rdia. (LLP dert f’ca:.or \o. MB-8737) lalnllindra Lifespace Developers Limited GIN ‘L4S200MHI9SSPLGIISS4S Fax No,; 022-24976004 Tel.; 02247470690 Websile; wssw.mahindralieespaces.com
Reoaslered Obee -- MaIrind’ abusers. 5th Floor. Wee’ MemOs, - 400056 Statement of Gonsolidaled Uaaodited Financial Results ForThe Qua rtepaad Halt Year enlled 30511 Sepleenber, 2019
IRs in LatsOsi : Pascuars Quarter Ended HslfYeae Ended Year Ended 30092559 20.062018 3s.092ol6 30002519 30082016 31 032055 Unaudded Undudded Unduddel Unaed,sed Unaud,ted Asd’ltd
Revenue torn, Operations 32447 10.822 t.520 43 066 22.45 59.282 2 Other Incense 537 5.408 5.367 1.045 3 547 5.04 lanaI Income {1e2) 32,984 12,030 9,387 45,014 2e.a62 65.357
4 Expenses; aj Gout of Sales -Coslol Pno;eocs 25.758 8 520 4.828 32.279 54.682 40.427 Operacn Enpenoer 435 36 52 471 112 532 11) employee GeneSIs expense 2,408 2.148 5.728 4.557 3.647 7 385 ci Panenet cools 238 227 435 468 852 1 249 d) Oeprecixticn end Anol,zston Expense 565 568 St 369 ISO 377 a) Other Expenses 2,421 5,506 I 853 4,007 3 574 8 342 Total Expenses 31,454 10,715 5,757 42,565 23,057 56,325
5 Profit beloe Share of PeoN or So at Vee,nspes aed Associates 1245 1 530 5315 630 2545 3905 7062
6 0i,sreelProPdctJo Vent road Wocute 41 203 4555 244 4663 7264
7 Prafis Before Tat (5+65 1,571 1,518 4,015 3,509 5,560 14,326
S Tan Expense a) current 1st 120 503 050 282 067 285 0) Orlereed Toe 152) 44 801 18) 977 2 178
5 Profit after nat 785 1,504 1,311 4,034 2,515 6.724 11,867
‘10010 Gn,p Or I 9, hems that cal nol be reabaao,Sed Is prutiter’.ass • Ren,easi;,en,evlsoethedrnned*enner Iiaeuiitiesinelol taxes) 52 . - I77)
II TotalGmp 11 I amela 161 1566 1311 4040 2877 6730 11750 Alisdoatable to: Ousr’eesotrenpv’eot 5.039 292 4122 2,931 6.792 II t84
NonccnIna11.n interest 1.73) 15 . 1021 )04i .182I 104)
12 05 The Iota’ Cenpreheval-ueInaoneal,uae . Pruth jar loon period att,;yiutable Is: Oainersnethe parent 5577 292 4,106 2.895 6709 II 975 Non ctnlrailn interest 172) 59 (82) 104) It21 104)
l301llrelntalcenprehenaUe Innaneabsue, . Other Ganpre timnaUc ieuone anribhitabbe too.
Owcersotsrrnparent 62 - 6 82 6 (77;
Nun earil,ubladi,lrereul - - - - , -
‘4 Pa’d’uptqablySca,ecap,ta; IFaceVaIu009RstSeachi 5535 5535 0l25 0536 5530 5535
15 Resnnaaoleecbu,tnaeeuabaarntn easeruesia, alBo;anunSenntdatn 07472 581270 tOyota 56 Ovhmalante Rndenpt’ar Resenue 5 742 6635 6636 17 CapdalRedenpcon Reaper 12538 13539 13139
50 Eaenn Per Scare) ace uabhit at Ru ISb- eachuiRt a)aas)c 305 255 002 558 5222 2232 bt01;aed 006 2s2 000 557 1310 2327
taacandD,IatndEPS farv.I periods eacepl oearended2ls320tsaren050,raaaI’sc’d , , -
Reporting of Segment wise Revenue. Results & Segment Assets I Liabilities IRs ft_LakhsI : Quarlar Ended Hare Yea, Ended 30,092009 30062019 30092019 30.092019 20092019 31032019 P aIli500ars Unauddad Unarsitled Ueaudrtoa Unaudrted Usartd,ted At,doed
I Segment Revenue {Reraeetue from Operations) a) Projects, Project 1.lanogemetrl and Development 32.090 00 264 7.704 42.354 22 711 57.646 blOt, calCmm tCmpF 357 398 36 75 704 143 TOTAL 32,447 10,022 6,026 43,066 23,415 50,263
2 Segmens Results a) Projects Project f,Iooaaoo,ent and Daveropnoenl 3.602 2.201 3 625 6.600 7.946 09.906 b) Operation 90 C omtercra I C ompltoes 200 272 299 552 556 1.159 Total Segment Results 3,945 3,459 3.tt3 7,432 9,t93 21,949
Less . Other u,000100abIe esperrddu fincoore) feet) exciudro irnlerest heisee 2,033 .744 00.3970 3,077 6470 5.470 Levs:UnaI,cable Interest 239 227 439 468 062 1.246 0 taIP ttbf eTax 1570 1516 4615 3989 0948 14325
3 SegmeatAssets at Peajecea Pre,e 1.lana gomeni an a Drue]opreent 2,20,754 2 43.916 2.56 602 2.20.754 2 66,002 2.35,001 b) Ope’aco arc omme,c’,oO Ceorpianes 3.064 2.772 2.409 3.164 2,460 2,727 Total SegmeotAssete 1,23,910 2,46.748 2,89,699 2,23,910 2.99.090 2,37,720 ci Urali0001ed Corporate Assets 54 459 56.572 49,262 64,469 49 262 et .631 Total Assets 1,70.379 3,03.320 3,60.351 2,76,379 3,00,352 2,99,399
4 Segment Liabiliies ot Projects. Project Loaraoemert and Oaaeropmert 77 639 0 00,406 0,03,451 77 939 I 03,450 99,260 bi Operator oat C uoorrrercrat Complexes 569 973 670 568 570 599 Total Segmett Liabilities 76,507 0.00,079 1,04,021 76.607 1,04,020 90,826 cx Unallocated Corporate Liabr100es 2004 3.710 3,532 2 964 3,532 3,228 Total Littoililiee 61,471 1.04.590 1.07.653 80,471 0.07.593 1,02,094
Seat m elefAssets 4L bIt 3OthSpt mbe 2018 )R Labh Ass Asat 39,09.2009 31.03.2019 Unatdited Atiteted A ASSETS INotecuroent assets
Properly. Plant tel a Eqs’pmect , 654 792
Rroht 00 Use Assets 744 -
, CapOaI010rk-rn-proaress , 0.000 Sat irrreslrnerrtrtcperry 2022 2 ‘40
6,004 - 6,e04
Otrror ln0ancre assets , 25 - 32 an cral Asse Os
irwese000ts , 67,639 43Y72 Traar Receivables 057 064
-Loans , . 359 349
-OrherFvrar,craiAssets . to 00
- Other Nc-n Current Onsets 4 004 4 766
Total Not Content Assets , - - 84,407 - 64581
2 - Llt.990 0.34.500: Pixaxcial Assets
- irreest,ecrts . 3 3
- -Trade Receroables 03692, 03727
-CashasdCashtiqcsalerrto , 01681 3457
, - - Back Balances othe, thac COOS and CooS Eqcrroairnrs000xx 0 813 9 eta 5902 2020
- -O0OeeF’,naraIA—.oeeo - 07970, 07904, Othencsrreerrtasnxts 22860 1239
Total C accent Assets - 1,93,969 - 2,04,770 -
, - , - - Total Assets 11a26 - 2,76,37 2,89,358, . ,
9 EQUITY AND LIABILITIES I Equity
, - cqsrrr.etsorecaprlai , 5036 5030
Cohen Eqx-c - 67412 067809 Netwoelh 0,92.668 0.92,994
4297 4360 0.99,906 0.87.300 Liabilities 2 Neecareent liabilities FicacLa F Lia500r-es
, - Bsrrussrnos 4534 3260 -
-Lease Ljah:cA:eo 303 -
- Other Fie,rsiai Liabu010es : 30 t - 446 - 297 400, Dele,,ealaa I-alc’rbesiNeti ‘360 0336 Total Non Careent LiablIOies 6,005 9.440
3 Cta,eeal tetbiliSes Fir,00cia r L jabirfues
- Bortossrrgs , 08469 t7069
- - Least Liac-roxo , 459
- Trade Payocnes
- TstalOsooraodrnaDr-.esofUrcroEeterprrsosardsmarrEete,cnrses , - 136
Total Oroxtartdrrg Dues of Crc ass’s clone, lean Micro -
Este,o,rxes acdsma:Itisterprr505 - 02266 00569
- -Other Freancral Liabroes : 8040 7803
- otser current i-aOiaims , - 32 266 - 50 334 -
PrOsOisOs , 646 1003
Current Tao Lrab rains fNoti , 0 406 t 803
Total Caereet Uabililies 74.668 86,803
Total Equity atd Liabilitiesllhlh3l , 2.78,376 n, - f1 -
Stateneentof Cash flows for the HalfYeao Ended 30th Septemher, 2009
Half Sear Ended Pa rtkolars 30.09.2019 30.09.2010 tinasidited ljnaodited
A. Cash flows from opeeanieq aclisifies - -
: Profit Before Toe 3-089 8 598
Adjustments ton - Share of proft of art ventures and associates (2441 (4.953)
Depreciation and Awnrcsabsn Expense 388 - 100 -
Expense Rrcagf.sed expect ofequ:fiysetfed.shene.based-payments - Sr 70 -
tntenestrncowe - (018) (23991
Net gain arising en fineonrat assets measure d ottair voice through erect or Loss - (401; (27) P-rarer Coets 488 892
Lsss:fOairr) on dispose) of Propsey, Plant & Equ:pmest - I - (0) -
- - f785) p nerd on charge ii, oe,reretr:p interest sfjswtuertsres -
. Poe Nor sale a fcursert.saestmests - . - Ohuidendlrcome U.(.P1
Operating Profit Befow Working Capital Changes 2.473 t 8)2 -
Changesin . -
. Increase w Trade end Omen Rece.oa tiles: Aduanc (5 682) 1587)
. Decreaseir lsyrrrfoces - 23204 8910 - . (Decrease) Inc reese in Trade Payables and Other uas’i-tes L?),(48j
. Cash fused ingloenerated from Opeeations . (3 3551 - t 082 -
, iscOwetaxespara I
. Net Cash (esed in) P generated Orow operating aoeisaies §MP1
B. Cash flows from in eeslieg aeeieilies - - - - Payment to acqune Properly, Piant eo.d Equ:pment it fri (25th
- - Proceeds from disposal of Properly. Plant and equ-omest 9 84
- - - Bark deposits (net) 5 537 n_ace
C horses in exrworhed balances and 005w occssnth wI9r barrhs - 5)1 833 -
- - 701 - Lrrtenescreceiued 789 r
OMderdooceued - 1842 njea -
toter-corporate Deposit Oliler - 2,8381 - . -
- - lrteo’cnrponate Depssit Realised - . 5208
- - Paemert to acquire P.nancral Assets - . i37,24e)
Proceeds from Firroncia) Assets - . - 52303 - rsestments is Subsidiaries and joint Veetores l4tSl’ Paemerrt000cqsirernrr.eurrert(uese.menss )50r7• Cash & Cash rqai.iarerrts acquired pureaont Is acqauitiorrs I Sshsid:ary 597
Net Cash generated from inoestieg aonirities , 4,654 25_eec -
,C. Cash Items trem tinoecieg coos eies Charqes is short term borrucsirrys r4)4 I3 257Y Proceeds frsmesnrrosiiras - 3772 72
- 2499) (23 260)
- lrteeestpaid (1272i (3)4ti Ohuidord Paid liniludora tae sIr oresrl 3342) r3 7231. Procreesfi cm isiui_ er Expira snares ci me Coo paro of (rate 12441 Net Cash used in financing asfioiies 2 ()i.1 1.12 5)
.Nelidrcseoseliiecneaseircashardcashequiuaienls , ll.77e( 49 CasharrdCesnbqlisalcsrsatthsbr.s:nrr’sdnlshryear 13457 4079 CashandCaskEquirateensatfheendoftheperiod .981 SS2s
Tim abaue Cash Flow Stalorreot tics keen prepared under rhe’.ird:rocl method” asset 010 ir •lrdian Accohirrir) Standard (lr:d AS) 7 . Stafemert -it Canh Flows’. R j: i Notes
I Tire abuse reseors haoe bent resiewed by the Audit Committee as, d approved by the Beard of Drectors of the Cemparsya I their respective rneebrrgs herd err 21st October 2019 The ssrauditediirterimcoesel’dafed Ooarrcioj resorts for the quarter card hale year coded 30th theptersiber, 2019 have been subjected so limited review by the stototory auditors. Deloire Haottiins and Solis LLP why ease eaqoreosad oat uosnodified
2 These tensile lorInda the result of It) fafahindra lrrfrasfvoctoee Doselopers LId. a ‘00% oubodiary fir) Mafnlrdra Wood Oily Developers Ltd a 09% ssibsiaiory. )i.i) * Maynodra World City Ijeiport Ltd. a 74% tsbediary tori MaCandre World Oily lfdahareshtral Ltd. a 100% ssbndiary (vs Mooendea letoerated Township Ltd. a 50 30%’ 500sldiary, (sl Knowledge Township Lid a 100% eobediaay, (sill Mah.odra Reaideecol Developers TownshIp Lid, a 0030% subsidiary lvii) Mahindra Blonmdala Developers Ltd Earlier known as f*fahledro Bebarnu Developers Ltd y . a 100% subsidlafy lot ledistrial lMahaeeohffay Ltd a 100% nubsdasy, (01 Ardhwium Developers Lsmitea a 00i1 subsidiaay. (nit *Mafreedra ir,duobiat Park Peoafe Limlfed )Ba(ier Known as Inausesal Cluster Praatn Limited), a 100% esbsldlaey lelr fefah’indra Indubpial Path Choena’ Limitod a 53 4% subsdiary. lois) MaPndna Water Utilbes Lta a 90 99% subsid.osy lcd) ‘Macflare Homes Prsate Limited a 7) 0l%i subsidiary. (sal MaCmd’s Happnes5 Developers Ltd lEaner heron at Mafrrdra Happlrest Develtpets Private LImited). a 51% subsidiary, (pelt Deepmarrgal Developers Parvate Limited, a f00%subsidary. (sully Mahmrrtha Keroeied0e Park felohali LImited. a 09 subsidiary lW0I nuhtldldry Moonshine Cornsbuccen Psuate Lireited. a 100% nuhemdiory ipol - f*fahindro Incomes Wafer Usees Pcuale Limited, a 00% (ohIO serture of (ml Rath,ra Bboami Eeterproes Private Ltd 100% suboidiar9 leer Mahirnara Conssucbon Company Limited consolidated coins line eyi.necenooi.danon method srrder lard AS
CoeWlOoted as per equ-.fo oc000rselr.g under lard AS
Off ocy COrp tAO 0 nydldAr ft assorts hv0100ctre eemOlstApi209P Ot th thO ph pp dthis d d osoosecu tnarse 500 OletAyi2OtO 0th reorspeceve approach solos the cumulacue effect as the dare of ireal ayp!rcafioe Do that dale, the Dreup recorr:sed a lease lraeiiioy measured a I the portent sa1.un of the eemain’.ry lease po)ments Olin0 the lessee’s lnrnementa F bsrrousw.9 rote asat 01st Aqor’l 2019 cod correspvrdiisg Rismnt 5) Uoe (ROUI asset measu’ed at an amount equvalent to learn i.eblity Therefore there is ru effect ef adaptirg i,ld AS Ifs en retained raIlings as at 01st Apr I 201 0 satIn no restetement of cemporariuelntrrmatios Comparahues for lye quarter and Call year ended’0ts September 2Sf 0 ord for the year ended 31 so Match 2010 eon concnue to be reported under th eacroiirt’n pei’cias ircl,uded as parl of our Annual Report for year ended Oral Morel, 20t 0 Thus entrans:can the aduprun of thn new sterdard resulted Ic recugurfiun of Ri5ht of Use’ asoetelRss73iakfns andalraselahImoysfRs a72idkho
I nv:eus of this, the oporat’ea lease rent ulyich was Odiertu occoorsted under’Drhoa esyesrses in preuuus person has noas been accounted as depreciohon and bird ncr csvto A000ed ey tho peer forth acorrent quarter and hail year erded 20th September 20t 9 is lower be Ps 6 molts eneti end Ps 0 i0005 iretrrrspercceiy To thin ecent the pedormance of thr current quarter aed hell year ended 355 September 2010 isrrtcempanabl.nwith pres.ous quartee.year’nee(oits Thefsasriairesuifsof coreee.tquarterandhaifyraren00030Lboeptember 2uf9resunslnarslncrea000fRs rtslafoesardRn 229 lokhs,rreoctlsefrjlr aeprerlatiosrfortnerlgertsfsmseasnetsandlncaeeseetpotel0000000Rs O3lakhorespectlueiyinf.nar,cerrstsnnleasriah:liOyara 000reoseirsoparafir,5mrasn,rrtcontsfRsl22lakfrsandqs 2it4lakhs respoccuely
4 D 0th qorteed0000ptembe O2OtStf Corp (C Pd) itt tm t 20170 OS 9Dyc ayC rtbeDebef OCDsi I S daHomesP ale Lm’tea OHPL end has ,eceioe d 64.024 paid’ep Series C Equity So ares (rnlr’culi’n5 nights) ef the farr blur of Rs IC each. As a toruS of this cnruersisn. the incoot mont in eqi ify sha res Ore no’ueecnor,iyrdutcvst.
yD yth us, st n dd3CtnSptnnb 201fthpadpoqfycaptaihisy pbpP 000 kId t t 55500 e t ft kpr hay mcly ESDS 2012
0’ quartenmayrvtcenepresentaliseol prs015;lvssrslvrthe year
7 AsperlndAS t00’Dpeta(na Scanner irbelvvssegrneirfs a Preects Pre1nctLfaeannnnrntand Deuelspmeef Operaheroef Commercial Complexes For 55 in purpone of this, too Marleyiis5 Director is the Chirf C penatina Dorisisrr Maker,
a Tfre Stanslalone Firrancial reruns fur tIle quarter’ ended Thrir Seeterrl,her, 2010 are summarized cnlsw and drtoilcd hnaecial report i—caine uoailnL,o on barn Slush Eseharun webuite. uswu,esei,ndia.cnnr rttnea.b—soiediu,cum arid ConrpaeC’s wocsdrt ane,s,mahircdraifespacos coon, )Rs.in bhs)
‘ Doom’ Ended Halt your boded year Ended Peacuars 20 00 20t0 20 00 20t0 20002018 20002010 30092010 Or 0320t0 Uiraudir.od Lllaodlteca U’naudifed Ulrssdi100 Unaudited Asditod
Tofal Irbode ii, ncilld’rla Darer locemol 20 207 9,000 tO 494 39200 25 020 55 404 Profit pa fore tar 2,080 1,020 3 120 4,000 &,352 0,e55 Prcfd ayer fax 2,082 080 2,200 2 050 2 721 5 009
9 Peeuiuosperiod,”year4ufcsfiaoe bnenronruspeetwfloreuon fuuodnecnssary,tocvnlonw teorllrrerl pesodl yeatciassifcalisn
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,4 So derta Peased Place. cfunrbai ManoynoDoretor Dated 20sf Dntuher 20 tO DIN 027Cr 544 fri — Chartered Accountants Indiabulls Finance Centre Deloitte Tower 3, 27”-32” Floor Haskins & Sells LLP Mumbal -400013 Maharashtra, India
Tel: +91 2261854000 Fax: +9122 6185 4001
INDEPENDIENT AUDITOR’S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS
TO TIlE !OARD OF DIRECTORS OF 14.4H:NDRA LIFESPACE DEVELOPERS LIMITED
1. We have reviewed the accompanying Statement of Consolidated Unaudited :Ir,anc& Results of MAIIINDRA LIFESPACE DEVELOPERS LIMITED (“the Parent”) and its subsidiaries (the Parent and its subsidiaries together referred to as “the Group”), and its share of the net profit after tax and total compre herisive income 01 its associates and joint ventures for the quarter and six months ended September 30, 2019 (“the Statement”) being submitted by he Parent pursuant tc the requirement of Regulation 33 of the SEBI (Listing Ohhqnticns and Discinsure Requirements) Regulations, 2015, as amended.
2. Th:s Ztateinent, wtHch is the responsibility of the Parent’s Management and aprrcved by the Parent’s Board of Directors, has been prepared in accordance wit the recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“md AS 34”), prescribed tinder Section 133 of the Companies Act, 2013 read with relevant rues iwcd therrunder and other accounting principles generally accepted in tnda. Our rezoonsihility 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 i,formaucn consists of making inquiries, primarily of Parent’s personnel responsibl? for financial and accounting matters, and applying analytical and other rvvcw procedures. A review is substantially less in scope than an audit conriurJed n accordance with Standards on Auditing specified under Section 143(lOi 01 the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that rnght be identified in an audit. Accordingly, we do not express an audit op n on.
We aiso performed procedures in accordance with the circular issued by the SEBI under ReguiaUon 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.
Re0d. Offce: !rd.abjs France centre, Tower 3, 2T -32 Floor, Senapa: Bare: ‘‘ar. Elphrstore Road (West), Mumbai ‘400 09, ‘.la”drasb:e. nda. (LLP Ident 1.ca:cr No. M6’873]) ------— --
Deloitte Haskins & Sells LLP
4. The Statement includes the results of the following entities:
Name of the Entity Relationship
Mahindra Lifespace Drs Limited - Parent Company
Anthurium Developers Limited jdiarfpmpany —- Industrial Township (Maharashtra) Limited Subsidiary Company jpjedg]pphip Limited Subsidiary Company Mahindra Infrastructure Developers Limited diayçompany Mahindra Integrated Township Limited Subsidiary Company Mahindra Residential Developers Limited Subsidiary Company Mahindra Worl4jjashtra) Limited Subsidiary Comppy
Mahindra Water Utilities Limited —______Ratnabhoomi Enterprises Private Limited Subsidiary Company Moonshine Construction Private Limited Subsidiary Company Deepmangal Developers Private Limited jarCpjpppy_ Mahindra Bloomdale Developers Limited (Earlier Subsidiary Company known as Mahindra Bebanco Developers Limited)
Mahindra Happinest Developers Limited ——_____ Joint Venture Mahindra Industrial Park Private Limited (Earlier Joint Venture known as Industrial Cluster Private Limitedj Mahinjjprl4çyflaiour)_Limited Joint Venture Mahindra Homes Private Limited Joint Venture
Mahindra Inframan Water Utilities Limited Joint Venture - - Mahindra World jy Developg Limited Joint Venture — Mahindra Industrial Park Chennai Limited Joint Venture Mahindra Construction Company Limited Associate - Maifindra Knowledge Park Mohali Limited Associate
5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, 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.
6. We did not review the interim financial information of three subsidiaries included in the consolidated unaudited financial results, whose interim financial information reflect total assets of Rs. 52,619 lakhs as at September 30, 2019, total revenues of Rs, 5,096 lakhs and Rs. 7,072 lakhs for the quarter and six months ended September 30, 2019 respectively, total net profit after tax of Rs. 335 lakhs and Rs. 378 lakhs for the quarter and six months ended September 30, 2019 respectively and total comprehensive income of Rs. 335 lakhs and Rs. 378 lakhs for the quarter and six months ended September 30, 2019 respectively and net cash flows of Rs. 148 lakhs for the six months ended September 30, 2019, as considered in the Statement. The consolidated unaudited financial results also includes the Group’s share of profit after tax of Rs. 393 lakhs and Rs. 307 lakhs for the Deloitte Haskins & Sells LLP
quarter and six months ended September 30, 2019 respectively and total comprehensive income of Rs. 393 lakhs and Rs. 307 lakhs for the quarter and six months ended September 30, 2019 respectively, as considered in the Statement, in respect of two joint ventures, whose interim financial information have not been reviewed by us. These interim financial information have been reviewed by other auditors whose reports have been furnished to us by the Management, and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and joint ventures, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above.
Our conclusion on the Statement is not modified in respect of these matters.
7. The consolidated unaudited financial results includes the interim financial nformation of eight subsidiaries which have not been reviewed by their auditors, whose interim financial information reflect total assets of Rs, 10,621 lakhs as at September 30, 2019, total revenue of Rs. 1,019 Iakhs and Rs. 1,047 lakhs for the quarter and six months ended September 30, 2019 respectively, total profit after tax of Rs. 993 lakhs and Rs. 993 lakhs for the quarter and six months ended September 30, 2019 respectively and total comprehensive income of Rs. 993 lakhs and Rs. 993 lakhs for the quarter and six months ended September 30, 2019 respectively and net cash flows of Rs. 21 lakhs for the six months ended September 30, 2019, as considered in the Statement. The consolidated unaudited financial results also includes the Group’s share of loss after tax of Rs. 45 lakhs and Rs. 160 Iakhs for the quarter and six months ended September 30, 2019 respectively and total comprehensive income of Rs. 45 lakhs and Rs. 160 lakhs for the quarter and six months ended September 30, 2019 respectively, as considered in the Statement, in respect of two associates and two joint ventures, based on their interim financial information which have not been reviewed by their auditors. According to the information and explanations given to us by the Management, these interim financial information are not material to the Group.
Our Conclusion on the Statement is not modified in respect of our reliance on the interim financial information certified by the Management.
For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm’s Registration No. 117366W/W-100018)
Ketan Vora Partner (Membership No. 100459) (UDIN:I9)0Cti23A/lñAQTc; ‘3 ) Place: Mumbai Date: October 21, 2019 LIFESACES
Press release
Mahindra Lifespaces posts consolidated profit of Rs. 15.8 crores in Q2 FY20
Mumbai, October 21.2019: Mahindra Ufespace Developers Limited (MLDL), the real estate and infrastructure development business of the Mahindra Group, announced its financial results for the quarter ended 30°’ September 2019 today.
In accordance with ND AS 115, Company recognizes its revenues on completion of contract method.
FINANCIAL PERFORMANCE FOR 02 FY20
o The consolidated total income stood at Rs. 329.8 crores as against Rs. 120.3 crores in 01 FY20 o The consolidated EBITDA* stood at Rs. 20 crores as against Rs. 19.4 crores in 01 FY20 o The consolidated PAT, post minority interest, stood at Rs. 15.8 crores as against Rs. 12.9 crores in 01 FY20
* EBITDA includes other income and share of profit/foss ofjoint ventures and associates.
Commenting on the performance, Ms. Sangeeta Prasad, Managing Director & Chief Executive Officer, Mahindra Lifespace Developers Ltd., said, “Focus on operational throughput has resulted in continued strong collection and completions during the quarter. We are evaluating land deals mindfully and building a pipeline for future growth, taking into consideration the current business environment. It’s the time for trusted developers like us to reinforce our position with customers. The festive season this October has started with the launch of Vicino in Andheri, Mumbai and we are happy to see the initial response. Further, the company is gearing up for launches across geographies and an uptick in institutional sales in H2, in addition to its focus on collections and completions”
BUSINESS PERFORMANCE FOR 02 FY20
• Centralis, Pune (0.34 msft) fully sold out. Achieved sales of Rs. 106 crores (0.19 msft) in residential business (excluding cancellations at Luminare). Completed 0.28 msft of development at Vivante, Mumbai and Bloomdale, Nagpur. • Attained collections of Rs. 258 crores in residential business, taking overall collections to 492 crores during Hi FY20. • 258 units handed over in residential business, helping deliver 719 homes to customers in Hi FY20. • Leased 7.3 acres for Rs, 18.3 crores in Integrated Cities and Industrial Clusters business. • Company has net debt equity ratio of 0.02 as of Sept’19.
Note: 1. company uses carpet areos in its customer communication. However, the data in saleable area terms has been presented here to enable continuity of information to investors and shall not be construed to be of any relevance to home buyers/customers. 2. The operational highlights include the performance of the Company and its subsidiaries /faint ventures/associates.
ABOUT MAKINDRA LIFESPACE DEVELOPERS LTD. Established in 1994, Mahindra Lifespace Developers Ltd. is the real estate and infrastructure development business of the USD 20.7 billion Mahindra Group, and a pioneer of sustainable urbanisation in India. The Company is committed to transforming India’s urban landscape through its residential developments under the ‘Mahindra Lifespaces’ and ‘Happinest’ brands; and through its integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘Origins by Mahindra World City’ brands.
Mahindra Lifespaces is driven by its credo of ‘Sell genuinely, Build responsibly, Deliver on time’ to develop innovative, customer- focused solutions that are rooted in a legacy of trust and transparency. The Company’s development footprint spans 25.3 million sq. ft. (2,3 million sq. m.) of completed, ongoing and forthcoming residential projects across seven Indian cities; and over 5000
Mahindra Lifespace Developers Limited, CIN L45200MH1999PLC118949 5th Floor, Mahindra Towers, Worli, Mumbai —400 018 Tel: 022 6747 8600/ 6747 86011 Fax: 022 2497 5084 Website: www.mahindralifespaces.com / p — /p acres of ongoing and fohcoming projects under development/management at its integrated developments / industrial clusters across four locations. A pioneer of the green homes movement, Mahindra Lifespaces is one of the first real estate companies in India to have committed to the global Science Based Targets initiative (SBTi). The Company’s developments are characterised by thoughtful design and a welcoming environment that enhance overall quality of life for both individuals and industries. Mahindra Lifespaces has been tanked l7’ among India’s Great Mid-Size Workplaces 2019. by the Great Place To Work Institute. Learn more about Mahindra Lifespaces at Investor Relations: Mr. Sumit Kasat Mr. Pramuch Goel General Manager—Finance and Investor Relations General Manager, Group Communications Mahindra Lifespace Developers Ltd. Mahindra Group Phone: +912267478645 Phone: +91 2224905943 Email: Email: k ..‘- m i?.ro.?hi. cc!:? cc’ cc’S. F Mahindra Lifespace Developers Ltd S ngeeta Prasad Managing Director and CEO Mahindra Lifespace Developers Limited, CIN L45200MH1999PLC118949 5 Floor, Mahindra Towers, Worli, Mumbai — 400 018 ITel: 022 6747 8600/ 6747 8601 Fax: 022 2497 5084 Website: www.mahindraIifespaces.com