December 13,2019

To BSE Limited Department of Corporate Services 1st Floor, New Trading Ring Rotunda Building, P J Towers, Dalal Street, Mumbai - 400 001

Security Code: 530979

Dear Sir/Madam,

Sub: Outcome of Board Meeting

Ill INDIA HOME .. LOAN LTD.

CIN: L65910MH1990PLC059499

We wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e., December 13, 2019, has, inter alia, considered and approved the Standalone Unaudited Financial Results (Ind-AS) of the Company for the second quarter and half year ended September 30, 2019 prepared pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

A copy each of the above Unaudited Financial Results (Ind-AS) is enclosed herewith. Further, pursuant to Regulation 33(3)(c)(i) of Listing Regulations, we are also enclosing a copy ofthe 'Limited Review Report', as received from our Statutory Auditors, M/s. Joshi & Shah on the above Financial Results.

The Board meeting commenced at 12.45 p.m. (IST) and concluded at ~ . ~s;- p.m. (IST)

We request you to disseminate the above information on your website.

Thanking You,

Yours faithfully, For India Home Loan Limited

~1 ~' .~ Mahesh Pujara Managing Director DIN: 01985578

Registered & Corp. Off.: 504, Nirmal Ecstasy, 5th Floor, Jatashankar Dossa Road, Mulund (West) , Mumbai - 400 080. Tel.: 022- 2568 3353 I 54 I 55 • Email: ihll@ymail.com • Website: www.indiahomeloan.co.in

JOSHI&SHAH CHARTERED ACCOUNTANTS

Limited Review Report on unaudited financial results and year to date results of India Home Loan Limited under regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015

To, Board of Directors, India Home Loan Limited.

We have reviewed the accompanying statement of unaudited financial results of India Home Loan Limited for the Quarter ended on 30th September 2019, and the year to date result for the period from pt April2019 to 30th September 2019 ("the statement).

The statement which is responsibility of company's management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 " Interim Financial Reporting" (Ind AS 34) prescribe under section 133 of the companies Act 2013 , and other accounting principle generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Ooligations and Diclosure Requiremets) Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016, dated July 5, 2016. Our responsibility is to issue a report on these financial statements based on our review.

We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 241 0 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants oflndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe lhallhe accompanying Gtatement of unauJ.ilcJ. iinunciul rc ::~ ult::~ prepared in accordance with applicable Indian Accounting Standards :1 ~: t:peciiie.d under t;edion 1 JJ ot Compunlc3 Act, 2013 and other recognized accounting practices and policies and does not contain any material misstatement.

257, Gurunank Motor Market, V P Road, Prathana Samaj, Mumbai- 400 004

E-mail : joshiandshah@gmail.com M : +91 82916 74082 I 80

JOSHI&SHAH CHARTERED ACCOUNTANTS

Figures for the corresponding quarters has been reviewed/audited by G P Kapadia & Co. Chartered Accountants.

FOR JOSHI & SHAH

257, Gurunank Motor Market, V P Road, Prathana Samaj, Mumbai- 400 004

E-mail : joshiandshah@gmail.com M : +91 82916 74082 I 80

I I

I

I

-1 INDIA HOME .. LOAN LTD.

CIN: L65910MH1990PLC059499

Statement of Un-Audited Results for the period ended 30th September, 2019

{INR in Lakhs)

Quarter Ended Six months Ended

30/09/2019 30/06/2019 30/09/2018 30/09/2019 30/09/2018

Unaudited & Unaudited & Unaudited & Unaudited & Unaudited &

Sr.no Particular Reviewed Reviewed Reviewed Reviewed Reviewed

1 Income from Operations:

Revenue from Operations 782.98 784.12 770.54 1567.10 1427.99

Other Income 20.99 18.75 36.77 39 .74 65.34

Total income from Operations 803.97 802.87 807.31 1606.84 1493.33

2 Expenditure :

Finance Costs 552.30 566.30 550.75 1118.60 989.60

Employee Benefit expense 82.74 87.78 72.92 170.52 120.78

Other Expenses 75.32 58 .69 75.21 134.01 124.58

Depreciation and Amortisation 7.96 7.98 10.97 15.94 20.01

Provisions for Standard Assets and NPA 30.55 42 .06 24.46 72 .61 54 .08

Total Expenditure 748.87 762.81 734.31 1511.68 1309.05

3 Profit Before Tax 55.10 40.06 73.00 95 .16 184.28

4 Tax Expenses 8.41 17.51 34.40 25.92 69.66

5 Net Profit after Tax 46.69 22 .55 38.60 69.24 114.62

Other Comprehensive Income (net of tax}

a} Items that will not be reclassified to profit or

loss

i}Remeasurement of defined benefit plans 0.51 0.85 -2.74 1.36 -5.48

ii} lncome tax relating to items that will not be

reclassfied to profit or loss -0.14 -0.24 0.76 -0.38 1.52

Total Comprehensive Income 47 .06 23 .16 36.62 70.22 110.66

6 Paid-up Share Capital 1428.18 1428.18 1428.18 1428.18 1428.18

7 Earnings Per Share {EPS}

(a } Basic 0.03 0.02 0.03 0.05 0.08

(b) Diluted 0.03 0.02 0,03 O.O'i n n~

NOI ES:

1 The Comp;my hCls Cldopted Indian Accounting Standards ("lnd /\S"} notified under Section 133 of the Companies Act 2013 ('the Act')

read with thP. C:nmrnniP~ (Indian Accounting Standards} Rules, 2015 from /\pril 1,2019 and the effective date of s~.;ch transition is Af!l il

1, 1U1~L Jut.. II l1 .:1 11 ~ 1llu11 I1J ~ ll t• t•n c:ml r• d 11llt fr"m th~ emwhlle A~~~~ OIJnhni :1lit11ilrl1 d•. 11111 ilil-'il 1111ili •1 1l~r • AJ.' t, roud With riliVilr'\t rule~ issued thereunder and guidelines issued I.Jy the Notional Housing Bank ('NHB'} (Collectively referred to as the Previous GAAP"}.

2 The Company has availed the exemption provided by Securities and Exchange Board of India (SEBI} vide circular No . CIR/CFD/FAC

/62 / 2016 in respect of f illing and disclosure requirements pertaining to disclosure for the year ended March 31,2019 .Accordingly ,the

financial results ,Statement of assets and Liabilities for the year ended March 31,2019 and Statement of Cash Flow for corresponding

periods are not disclosed

-1 INDIA H OME .. LOAN L TD.

CIN: L65910MH1990PLC059499

4 The Other comprehensive Income comprises acturial gain /loss on remeasurement of defined benefit plans as per the actuary report as

per IND AS 19 "Employee Benefits".

5 The main business of the Company is to provide loans for the purchase or construction of residential houses and all other activities of

the Company revolve around the main business. As such there are no reportable segments, as per the IND AS 108 "Operating

Segments" specified under section 133 of the Companies Act,2013 and under paragraph 29(2) of the Housing Finance Companies (NHB)

Directions 2010, which need to be reported.

6 Tax expense for the quarter is after adjusting the Deferred Tax provision .

7 On 30th March, 2019 the company has issued 16,00,000 Convertible share warrants to promoter and non-promoter at a price of Rs.

76.75 per share warrant with an option to convert each warrant with one equity share of face value of Rs. 10 per equity shares on or

before 29th September, 2020. The Company received 25% of the issue price from the Allottees upto 29th March, 2019, Allottees need

to pay balance 75% on or before 29th September, 2020.1n case of failure to pa y balance 75% amount before that date w ill result in

forfeiture of 25% amount received.

8 The Statutory Auditors of the Company have carried out a limited review of the financial results for the quarter ended 30/09/2019 in

complaince of Reg.33 of SEBI (LODR) Regulations, 2015. The above financial results have been reviewed and recommended by the Audit

Committee and subsequently approved by the Board of Directors at its meeting held on 13/12/2019.

9 The financial results do not include figures for the preceding quarter and previous year ended 31st March, 2019 as per SEBI's Circular

No. CIR/CFD/FAC/2016 dated 5th July 2016.

10 The figures have been re-grouped wherever necessary to compare with current quarter.

11 As required by Paragraph 32 of lnd AS 101, net profit reconciliation between the figures provided under previous GAAP and lnd AS is as

under:

Particulars

Net Profit reported as per previous GAAP

lncrease/(Decrease) due to lnd AS

Decreasing in processing fees due to amortization

Decreasing in other expenses due to amortising of DSA commission

Fair value change in Investments

Additional liability of Gratuity on re-measurement

Deferred tax on lnd AS Adjustments

Net Profit as per lnd AS

Other Comprehensive Income

Reclassification of net actuarial loss on defined benefit plan to Other Comprehensive Income

Deferred tax on OCI -Tot;JI LCH11~rehens1ve Income

Fur lntJICJ Home Loan ltd

Mahesh Pujara

Managing Director

DIN No:1985578

(INR in Lakhs)

Quarter ended Half Year ended September 30, September 30,

2018 2018

75.51 183.25

-69.75 -134.00

43 .88 67.66

-3 .91 0.00

-1.76 -3.51

-5.37 1.24

38.60 114.63

-2.74 -5.48

0.76 1.52

JG.G2 110.67

Registered & Corp. Off.: 504, Nirmal Ecstasy, 5th Floor, Jatashankar Doss~ Road, M~lu~d (West), Mu~bai- 400 080. Tel.: 022- 2568 3353 1 541 55 • Email: ihll@ymail.com • Webs1te: www.md1ahomeloan.co.m

A.

B.

I

c.

111 INDIA 1101\JIE .. LOAN LTD.

GIN: L 65910MH1990PLC059499

Cash Flow Statement for the Year Ended 30th September, 2019

PARTICULARS

CASH FLOW FROM OPERATING ACTIVITIES

Net profit before tax and extraordinary items

Adjustment for:

Depreciation & Amortization Expense

Profit on Sale of Investment

Interest Income

Tax Expenses

Impairment of Financial Assets

Fair Value Adjustement on Investments

Operating profit before working capital changes

Movement in working capital :

Increase/( decrease) in Trade Payables

lncrease/(decrease) in Financial Liabilties

Increase/( decrease) in Other Non Financial Liabilties

lncrease/(decrease) in Provisions

Decrease/(increase) in Loans

Decrease/( increase) in Other Financial Assets

Decrease/(increase) in Other Non-Financial Assets

Cash generated from I (used in) operation

Direct taxes paid (net of refund)

Net cash flow from I (used in) operating activities (A)

CASH FLOW FROM INVESTMENT ACTIVITIES

Purchase of Property Plant and Equipment

Proceeds from saiP. of trade inve s lrnent~

lllll t:ed~t:e il1 Lr due inveslrnet

Proceeds from Sale of Property Plant and Equipment

Interest received

Net cash flow from I (used in) investing activities (B)

CASH FLOW FROM FINANCING ACTIVITIES

Proceeds from Borrowings

Repayment of Borrowings

Proceeds from Short Term Borrowings (OD)

Dividend Paid (including Dividend distribution Tax)

Net cash flow from I (used in) financing activities (C)

Net Increase/( Decrease) in cash and cash equivalents (A+ B +C)

Cash and cash equivalents at the beginning of the year

Cash and cash equivalents at the end of the year

For India Home loan Ltd

("'' -y'\, ~______, M.iltw.lt Puj.u" Managing Director

DIN PJo :1!JO!i!ii'O

(INR in lakhs)

For the Half Year Ended

30.09.2019(Unaudited

&Reviewed)

95.15

15.94

(17.60)

(13.36)

72.61

(3.92)

. 148.83

(5.57)

16.73

7.13

(3 .04)

(154.71)

(1.02)

(7.33)

1.03

(23.31)

(22.28)

-2 .61

SJ21.31

-30.00

13.36

902.06

2,133.57

(3,055.08)

405.17

(28.56)

(544.90) -

334.88

729.24

1,064.12

Rc~d~tcrcl;\ & C«;m~ . 0~~ · QQ1, :Nirm~l ;EQ!;lt~fi>Y, !;ith Floor, J~tashankar Dossa Road, Mulund (West)~ -Mumbt;~.i - 400 080. Tel.: o22 - 2568 ~~5~ / 54 / 55 • :Email: ihll@ymail.com • Website: www.indiahomeloan.co.in .

- ---~

-1 INDIA HOME .. LOAN LTD.

CIN: L6591 OMH1990PLC059499

Statement of Assets and Liabilities as on 30th September ,2019

Particulars

I FINANCIAl ASSETS

(a ) Cash and Cash Equivalents

(b ) Bank Balances other then (a)

(c ) loans

(d ) Investments

(e) Other Financial Assets

II NON -FINANCIAl ASSETS

(a) Current Tax Assets

(b) Property ,Plant and Equipment

(c) Other non -Financial Assets

TOTAl

liABiliTIES AND EQUITY

liABiliTIES

I Financial Liabilities

(a) Borrowings

(b) Trade Payables

i}Total outstanding dues of micro and small enterprises

ii}Total outstanding dues other than micro and small

enterprises

(c) Others Financial Liabilities

II Non Financialliabilites

(a) Provisions

(b) Deferred Tax liabilities

(c) Other non -Financials liabilites

Ill EQUITY

(a) Equity Share Capital

(b) Other Equity

TOTAl

For India Home loan ltd

fi"' ' '~.,._......., Mahesh PuJara

Managing Director

DIN No: 1985578

(I NR in Lakhs)

As on

30.09.2019(Unaudit

ed &Reviewed)

8.59

1,055.53

21,687.61

30.94

10.84

283.86

76.62

367.45 -

23,521.44

18,236.97

-

73 .29

1,235.21

329.87

3.21

39.30

1,428.18

2,175.41

23,521.44

Registered & Corp. Off.: 504, Nirmal Ecstasy, 5th Floor, Jatashankar Dossa Road, Mulund (West), Mumbai- 400 080. Tel. : 022- 2568 3353 I 54 I 55 • Email: ihll@ymail.com • Website: www.indiahomeloan.co.in