TATA VALUE HOMES LIMITED CIN: U45400MH2009PLC195605

Regd. Office:- E Block, Voltas Premises, T. B. Kadam Marg, Chinchpokli, Mumbai – 400 033 Tel. 022-6661 4444 Fax: 022-6661 4452 E-mail: thdcsec@tatarealty.in

Website: www.tatavaluehomes.in

July 3, 2020 The General Manager Corporate Relations Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai – 400 001 Ref.: Scrip Code: 958999 Sub:- Audited Financial Results for March 31, 2020, under Regulation 52 of the

Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other documents therewith

Dear Sir/Madam, In reference to captioned subject, we wish to inform that the Board of Directors at its meeting

held today i.e., July 3, 2020 has approved the Audited Financial Results of the Company for

the financial year ended March 31, 2020. Accordingly, please find enclosed the following:

1. Audited Financial results for the year ended March 31, 2020 alongwith the Auditors

Report thereon;

2. Disclosure to be submitted in terms of Regulation 52(4) of SEBI (Listing Obligations

and Disclosure Requirements) Regulations, 2015; and

3. Certificate signed by debenture trustee pursuant to Regulation 52 (4) & (5) of SEBI

(Listing Obligation and Disclosures Requirements) Regulations, 2015 for the year

ended March 31, 2020.

We hereby declare that M/s. BSR & Co. LLP, Chartered Accountants, the Statutory Auditors of

the Company have issued Audit Reports with unmodified opinion on the audited financial

statements for the financial year ended March 31, 2020 and the Board had taken note of the

same.

Further, pursuant to regulation 52(7) of SEBI (LODR) Regulation, 2015, we hereby confirm

that there were no material deviations in the use of proceeds of listed non-convertible debt

TATA VALUE HOMES LIMITED CIN: U45400MH2009PLC195605

Regd. Office:- E Block, Voltas Premises, T. B. Kadam Marg, Chinchpokli, Mumbai – 400 033 Tel. 022-6661 4444 Fax: 022-6661 4452 E-mail: thdcsec@tatarealty.in

Website: www.tatavaluehomes.in

securities from the objects stated in the offer document and no securities were issued during

the six months period ended March 31, 2020.

In accordance with SEBI circular dated May 12, 2020 read with circular dated April 17, 2020

granting relaxation from the provisions of Regulation 52(8) of the SEBI (LODR) Regulations,

the above financial results will not be advertised in the newspapers.

Further, we wish to inform that the pursuant to SEBI circular SEBI/HO/DDHS/CIR/P/2018/144

dated November 26, 2018, the Company has been identified as “Large Entity” as on March

31, 2020.

Request to kindly take the same on your records. Thanking you.

For Tata Value Homes Limited Mrunal Shukla Company Secretary (ICSI Membership No.: A31734) Encl.: As above

8 S R & Co. LLPChartered Accountants

5th Aoo,. l o dhll EJCeelus.Apollo Mills Com pou ndN. M. Jos hi Marg ,M ahalaxm iMumbai - 400 011Ind ia

Independent Auditors' Report

To Board of Directors ofTata Value Homes Limited

Rep ort on the audit of Standalone Annual Fina ncia l Results

Telepho ne +9 1 (22) 4345 5300Fax .91 (221 43455399

Opinion

We have audited the accompanying standalone annual financial results of Tala Value Homes Limited(hereinafter referred to as the 'Company' ) for the year ended 31 March 2020, attached herewith(hereafter referred to as ' Standalone Annual Financial Results' ), being submitted by the Companypursuant to the requirement of Regulation 52 of the Securities and Exchange Board of India (ListingObligations and Disclosure Requirements) Regulations, 2015. as amended (' Listing Regulations' ).

In our opinion and to' the best of our information and according to the explanations given to us, theaforesaid Standalone Annual Financial Results: 1 I ~', .)

J I I, J I I L " ~

a are presented in accordance with the requirements of Regulation 52 of the Listing Regulations inthis regard; and J J ! I r! ~

b. give a true and fair view in conformity with the recognition and measurement principles laid downin the applicable Indian Accounting Standards, and other accounting principles generally acceptedin India, of the net profit and other comprehensive j nccme and other financial information for theyear ended 3 \ March 2020,

, J

Basis for Opinion ,"f'.Q I' Jb "

We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under Section143(10) of the Companies Act, 2013 (vthe Act"), Our responsibilities under thosc SAs are furtherdescribed in the Auditor's Responsibilities for the Audit of the Standalone Annual Financial Resultssection of our report. \Ve are independent of the Company. in accordance with the Code of Ethics issuedby the Institute of Chartered Accountants of India together with the ethical requirements that arerelevant to our audit of the financial statements under the provisions of the Act, and the Rulesthereunder, and we have fulfilled our other ethical responsibilities in accordance with theserequirements and the Code of Ethics. We believe that audit evidence we have obtained, is sufficient andappropriate to provide a basis for our opinion on the Standalone Annual Financial Results.

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B S R & Co. UP I. UrniI:edlabkv. P.tl1net$hip_ h UP ReQlitl'aIIlOnNd MU181lw ith .n1lCt f ro m Ot;1.obe r 14. Z013

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BSR &Co.LLP

Independe nt Auditors ' Report (Continued}

Tara Vaiue Homes Limited

Management' s and Boa rd of Directors' Resp onsibilities (or the Sta nda lone Annua l Fina ncia lResu lts

These standalone annual fmancial results have been prepared on the basis of the standalone annua lfinancial statements.

The Company's Management and the Board of Directors are responsible for the preparation andpresentation of these standalone annual financial results that g ive a true and fair view of the net lossand other comprehensive income and other financial infonnation in accordance with the recognitionand measurement principles laid down in Indian Accounting Standards prescribed under Sect ion 133of the Act and other accounting principles generally accepted in India and in compliance withRegulati on 52 of the Listing Regulations This responsibility also includes maintenance of adequateaccounting records in accordance with the provisions of the Act for safeguarding of the assets of theCompany and for preventing and detecting frauds and other irregularities; selection and application ofappropriate accounting policies ; making judgments and estimates that are reasonable and prudent; andthe design. implementation and maintenance of adequate internal financ ial controls, that wereoperatin g effec tively for ensuring accuracy and completeness of the accounting records, relevant tothe preparation and presentation of the standalone annual financial results that give a true and fairview and are fr_ee from material misstatement, whether due to fraud or error.

In preparing the standalone annual fmancial results, the Management and the Board of Directors areresponsible for assessing the Company' s ability to continue as a .going concern, disclosing, asapplicab le. matters related to going concern and using the going concern basis of accounting unlessthe Board of Directors either intends to liquidate the Company or to cease operations, or has noreal istic alternative but to do so.

The Board of Directors is responsible for overseeing the Company's financial reporting process.I' .' I .1:. J

Au dito r's Respon sibllltles for th e Audit of the Standalon e Annual Fin ancial Resul ts

Our objectives are to obtain reasonabie assurance about whether me standalone annual financiairesults as a whole are free from material misstatement, whether due to fraud or error. and to issue anaud itor 's report that includes our opinion. Reasonable assurance is a high level of assurance, but is nota guarantee that an audit conducted in accordance with SAs will always detect a materialmisstatement wh en it exists . Misstatements can arise from fraud or error and are considered material

• if, individually or in the aggregate, they could reasonably be expected to influence .the econom icdecisions of users taken on the basis of these standalone annual financial results.

I

As .part of an _audit in accordance with SAs, ~e exercise professional judgment and maintain. professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the standalone a~U31 financ ial.results,whether due to traud or error, design and perform audit procedures responsive to those risks. andobtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The riskof not detecting a material misstatement resulting from fraud is higher than for one resul ting fromerror, as fraud may involve collusion. forgery, intentional omissions. misrepresentations. or theoverride of internal control.

Obtain an understanding of mternal control relevant to the audit in order to design auditprocedures that are appropriate in the circumstances. Under Section 143(3Xi) of the Act, we arealso responsible for expressing our opinion through a separate report on the complete set offinancial statements on whethe r the Company has adequate internal financial control s \vi threference to financial statements in place and the operating effectiveness of such controls

BSR & Co. LLP

Independent Auditors' Report (Continued)

Tata Value Homes Limited

Auditor' s Resp onsibitit ies for the Audit c f the Stan dalone Annu al Fina ncial Resul ts (Continued)

Evaluate the appropriateness of accounting policies used and the reasonableness of accountingestimates and related disclosures in the financial results made hy the Management and Board ofDirectors.

Conclude on the appropri ateness of the Management and Board of Directors use of the goingconcern basis of accounting and. based on the audit evidence obtained, whether a materialuncertainty exists related to events or conditions that may cast significant doubt on theappropriateness of this assumption. If we conclude that a material uncertainty exists, we arerequired to draw attention in OUT auditor's report to the related disclosures in the standaloneannual financial results or. if such disclosures are inadequate. to modify our opinion. Ourconclusions are based on the audit evidence obtained up to the date of our auditor's report.However. future events or conditions may cause the Company to cease to continue as a goingconcern.

Evaluate the overall presentation. structure and content of the standalone annual financial results.including the disclosures. and whether the standalone annual financial results represent theunderlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding. among other matters, the plannedscope and timing of the audit and significant audit findings. including any significant deficiencies ininternal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevantethical requirements regarding independence. and to communicate with them all relationships andother matters that may reasonably be thought to bear on our independence. and where applicable.related safeguards.

Other MattersThe standalone annual financial results for the six months ended 31 March 2020 are the balancingfigures between figures in respect of the full financial year ended on that date and the figures for thesix month period ended 30 September 2019. The figures for the six month period ended 30 September2019 were extracted from the interim standalone condensed financial statements for the six monthsended on that date which were audited by us for inclusion in the information mcmorandwn preparedby the Company for listing its non-convertible debenture on the Bombay Stock Exchange.

The standalone annual audited financial results of the Company for the corresponding year ended 31March 2019 included in these financial results, have been extracted from the standalone auditedfin.(l nl':i~ l ...t~t~ f>T1 t~ of the tr'lm f'~ny ~<; M and for th t>: Yl"J\r l"nrlf"-d 1 1 M~rch ? 0 1<) which were ~lI(1 i tf"d

by the predecessor auditors whose audit report dated 7 May 2019expressed an unmodified opinion onthose standalone financial statements.

Our report is not modified in respect of these matters.

For B S R & Co. LLPChartered Accountants

Finn's Registration No: 101248WIW-IOOO22

Mumbai3 July 2020

1l!::OyPartner

Membership '0: 105731UDlN: 20lOS731AAAADC4933

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ATSL/CO/20·21/1 116July 03, 2020

Tota Value Homes limitedEBlock. vottc s Premises, TB Koda m Morg,Chichpokli, Mumboi - 400033.

KInd Attn: Ms. Mrunal Shukla

Sub: Letter of Debenture Trustee pursuant to Regulation 52 (51of the SEBI (listIng Obligations andDisclosure Requirements) 20151 - half year ended 31"1 March 2020

Dear Sir,

This has reference to privately placed listed bonds issued by Tata Value Homes Limited (·Company") and6sted on the Stock Exchange r Usted Debt Sec urities" j .

Pursuant to Regulat ion 52(4) read with Regulat ion 52 (5) of the SEBI (listing Obligat ions and DisclosureRequireme nts) 2015. the Company is required to submit its half yearly/annual financial results to the StockExc ha nge . with a letter of the Debenture Trustee (AxisTrustee Services Limited) that the Debenture Trusteehc snoted the contents furnished by the Company as per Regulation 52(4).

In porsucnce thereof we hereby confkm thot we have received the said aforesaid information vide youremail doted July 03, 2020 [enclosed herewith) a long with the relevant/necessary supporting a nd we havenoted the contentsin respect of the Listed Debt Securities issued by the Company.

Thanking You,

Yours faithfully,

For Axis Trustee Services LImited

JAYDEEPBHATTACHARYA

00gib0IIy Ii9r>od til' ,""rou P_Tl/>O<NtfAt>oteo JOJO 01~J »1"-/ __JO'

Jaydeep BhattacharyaDeputy oeneect Manager

End.: Asabove

Corporale Identity Number : U74999MH2008PLC I 82264 I MSME Registered UAN: MHI9EOO33S8S

Rogla lered Ofllce:Axis House, BombaV0Velr1g M~15 COfrllOl'l{! , Pandurang 8udhkar MilI'g . WO~I. MlJmbai • 400 025

Corporale Olfl(;e:The Rl.fly. 2nd FlOor. SW, 29 Senapali Bapal Mmg . oooar West. MlIlTlbai · 400 028Tel No: 022·62300451 Fall:No.: 022..fi2300700 Wobcil,,: _ .alllSt,..tee.OO<Il