Omaxe Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2024
Auditor and Management Disclosures and Notes for the quarterly results dated 31 Dec 2024
Notes:
1. The above results were reviewed, recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on 10th February, 2025. The limited review of financial results for the quarter and nine months ended December 31, 2024, as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 have been carried out by the Statutory Auditors of the Company and they have issued an unmodified report on the aforesaid results.
2. These standalone and consolidated financial results have been prepared in accordance with the recognition and measurement principles of India Accounting Standards (IND AS) as notified under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 as amended. The said financial results represents the result of Omaxe Limited ("the Company"), its subsidiaries, partnership firms (together referred as "the Group") and its share in results of associates which have been prepared in accordance with Ind AS-110 'Consolidated Financial Statement' and Ind AS-28 'Investment in Associates and Joint Ventures'.
3. The consolidated financial results of the company include unaudited financial results of 144 group companies which have been reported by their respective management. The unaudited financial result of two subsidiary companies and one associate company having Nil Income/ Profit (Loss) have not been consolidated being non material in nature.
4. In line with the provisions of Ind AS 108 Operating Segments and on the basis of review of operations being done by the management of the company, the operations of the group falls under real estate business, which is considered to be the only reportable segment by the management.
5. The standalone and consolidated financial results of the Company for the quarter and nine months ended December 31, 2024 are also available on the Company's Website (www.omaxe.com) and on the Website of BSE (www.bseindia.com) and NSE (www.nseindia.com).