SSPDL Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021

1. The above financial results were reviewed by the Audit Committee and approved and taken on record by the Board of Directors at their respective meetings held on 29 th of June, 2021 and The Financial Results for the quarter and year ended March 31, 2021 have been reviewed by the Statutory Auditors of the Company.

2. In accordance with the Indian Accounting Standard 12 - “Income Taxes" , the Deferred tax assets arising from timing differences are recognized and carried forwarded only if there is virtual certainty that they will be realized in future and reviewed for the appropriateness of their respective carrying value at each balance sheet date. In view of this, deferred tax asset (net) to the extent of Rs.978.32 Lakhs has been recognised till 31-03-2021 and deferred tax asset (net) to the extent of Rs.92.78 Lakhs has been Reversed in Q4 of FY-2020-21 due to virtual uncertainty regarding future Profits and COVID-19 Situation.

3 The Company has assessed the possible effects that may result from the pandemic relating to COVID-19 on the carrying amounts of Receivables, Inventories, Investments and other assets / liabilities. In developing the assumptions relating to the possible future uncertainties in the global economic conditions because of this pandemic, the Company, as at the date of approval of these financial results has used internal and external sources of Information. As on current date, the Company has concluded that the Impact of COVID - 19 is not material based on these estimates. Due to the nature of the pandemic, the Company will continue to monitor developments to identify significant uncertainties In future periods, if any.

4 Since the Company has only one Segment i.e., Property Development, separate disclosure on segment reporting as per IND AS -108 issued by the ICAI is not required.

5 Figures for the Previous Period/Year have been regrouped and/or reclassified wherever considered necessary.