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

1. 'The standalone audited financial results have been prepared in accordance with the Indian Accounting Standards ('Ind AS') as prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with Companies (Indian Accounting Standards) Rules as amended from time to time. The above standalone audited financial results have been reviewed and recommended to the Board of Directors by the Audit Committee and subsequently approved by the Board of Directors of the Company at their respective meetings held on 28 May 2021.



2. 'The Company is principally engaged in a single business segment viz. Construction and has operations mainly in India.



3. 'The outbreak of COVID-19 had disrupted regular business operations of the Company due to the lock down restrictions and other emergency measures imposed by the Government from time to time. The operations of the Company have started recovering from the economic slowdown caused by COVID-19 pandemic and reaching normalcy. The management has taken into account the possible impacts of known events, upto the date of the approval of these financial results, arising from COVID-19 pandemic on the carrying value of the assets and liabilities as at 31 March 2021. While the Company continues to closely monitor the impact of COVID-19 pandemic, there exists uncertainty in estimating the future impact of COVID-19 pandemic on the Company and, accordingly, the actual impact in the future may be different from those presently estimated.



4. 'Exceptional item for the quarter and year ended 31 March 2020 represents write off towards current trade receivables and unbilled work-in-progress (other current assets) aggregating Rs. 4,093.36 lakhs receivable from a customer, considered as non- recoverable.



5. 'Figures of the quarters ended 31 March 2021 and 31 March 2020 are the balancing figures between the audited standalone figures for the year ended on that date and the unaudited standalone published year to date figures up to the nine months period ended of that respective year.



6. 'Previous quarter/ period figures have been regrouped/ rearranged, wherever considered necessary.



7. 'The Board of Directors of the Company have recommended a final dividend of Rs. 0.12 per share having a face value of Rs. 1 each.