Godrej Properties Limited

rs,

roperties.com CIN: L74120MH1985PLC035308 February 16, 2021 BSELimited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 The National Stock Exchange of India Limited Exchange Plaza, Plo

INR 5

) Equity Share Capital Particulars Issued, Subscribed and Paid-up: 252,080,983 Equity Shares of INR 5/- each (Previous Year: 252,023,911 Equity Shares of INR 5/- each) fully paid-up (Unaudited) (Audi

INR 37.80 Crore

al statements of a foreign operations Adjustments: i) On fresh issues of shares (net of expenses INR 37.80 Crore) ii) Transfer to securities premium on exercise of stock grants iii) Share based payments to em

INR 0.00

disposed during the period (Refer note (c) below) Cash and Cash Equivalents - Closing Balance - INR 0.00 represents amount less than INR 50,000 For the nine months ended December 31, 2020 (Unaudited)

INR 50,000

te (c) below) Cash and Cash Equivalents - Closing Balance - INR 0.00 represents amount less than INR 50,000 For the nine months ended December 31, 2020 (Unaudited) For the nine months ended December 31

INR 2.72 Crore

es - - - - - - - - 1,000.00 3,353.36** * The amount excludes Interest accrued of INR 2.72 Crore and Bank Overdraft of INR 148.84 Crore clubbed in Note No 4. ** The amount excludes Interest accrue

INR 148.84 Crore

,000.00 3,353.36** * The amount excludes Interest accrued of INR 2.72 Crore and Bank Overdraft of INR 148.84 Crore clubbed in Note No 4. ** The amount excludes Interest accrued of INR 4.92 Crore clubbed in Note No

INR 4.92 Crore

Bank Overdraft of INR 148.84 Crore clubbed in Note No 4. ** The amount excludes Interest accrued of INR 4.92 Crore clubbed in Note No 4. Changes in liabilities arising from financing activities, including both cha

INR 4.21 Crore

- - 500.00 3,107.26** 2,835.60* 271.66 - - * This amount excludes interest accrued of INR 4.21 Crore and Bank overdraft of INR 176.03 Crore ** This amount excludes interest accrued of INR 3.09 Crore a

INR 176.03 Crore

0* 271.66 - - * This amount excludes interest accrued of INR 4.21 Crore and Bank overdraft of INR 176.03 Crore ** This amount excludes interest accrued of INR 3.09 Crore and Bank overdraft of INR 3.76 Crore The

INR 3.09 Crore

f INR 4.21 Crore and Bank overdraft of INR 176.03 Crore ** This amount excludes interest accrued of INR 3.09 Crore and Bank overdraft of INR 3.76 Crore The above Condensed Consolidated Statement of Cash Flows inclu

INR 3.76 Crore

f INR 176.03 Crore ** This amount excludes interest accrued of INR 3.09 Crore and Bank overdraft of INR 3.76 Crore The above Condensed Consolidated Statement of Cash Flows include INR 5.82 Crore (Previous Period :

“The total amount payable under such contracts will be based on actual measurements and negotiated rates, which are determinable as and when the work under the said contracts are completed.”

“The Company's securities have not been and will not be registered under the Securities Act and no public offering of securities will be made in the United States.”

“Source: PropEquity, Investor presentations of listed developers, BofA Research : 12 | GODREJ PROPERTIES I CORPORATE PRESENTATION GODREJ PROPERTIES: DIVERSE PORTFOLIO WITH PAN-INDIA PRESENCE Godrej Properties Diversified Development Pipeline Consistent Track Record of Value Accretive Project Additions Saleable Area (%) Project Additions (msf) 21% 21% 27% 15% 17% 30.6 22.9 19.1 13.4 10.5 10.8 6.6 7.9 6.8 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0 MMR NCR Bangalore Pune Others ~186 million sq.”

“This is the first project from India getting registered in the VCS platform.”

“ft.) 2,395,688 1,583,124 51% 1,728,995 39% 6,636,971 5,189,054 28% Booking Value (INR Cr) 1,488 1,189 25% 1,074 38% 4,093 3,532 16% Strong response to new project/phase launches Godrej Green Cove, Pune Godrej Retreat, NCR The Highlands, Panvel • Launched in November 2020 • Total sales stood at 522,048 sq.”

“Includes cancellations in certain projects 23 | GODREJ PROPERTIES I CORPORATE PRESENTATION PROJECT BOOKING (Contd.) Particulars Commercial Projects Godrej BKC, MMR Godrej Eternia, Chandigarh Godrej Genesis, Kolkata Total Grand Total Booking Area (sq.”

“in Q3 FY21 Sarjapur, Bangalore • The project is an outright purchase of land in Sarjapur, Bangalore which has established itself as one of the most preferred residential locations with good connectivity to the Outer Ring Road and several other key hubs of Bangalore • Spread across approximately 15 acres, this project will offer approximately 1.6 million sq.”

“of saleable area comprising of residential apartments of various configurations • It is a 100% owned project Whitefield, Bangalore • The project is an outright purchase of land in Whitefield, Bangalore which is the largest commercial and residential real estate micro market in Bangalore and the land is situated near the proposed metro line connecting Whitefield to Hopefarm Junction • Spread across approximately 18 acres, this project will offer approximately 2.5 million sq.”

“57% (GPL) Profit Share - 58% 100% owned project 100% owned project DM Fee - 11% of Revenue DM Fee - 13% of Revenue Profit Share - 40% Profit Sharing - 49% Share in project specific company 11.09%, Development manager fee Rs 162/sq.”

Adjustments

2

Related Party Disclosures

2

Registered Office

1

Profit attributable to

1

Total Comprehensive Income attributable to

1

Total Comprehensive Income

1

Adjustments for

1

Changes in Working Capital

1

Relationships

1

Joint Venture

1

Registered Office

B S R & Co. LLP Report on the Review of the Unaudited Condensed Consolidated Interim Financial Statements (Continued) Conclusion Based on our review, nothing has come to our attention that causes us to believe that the accompanying unaudited condensed consolidated interim financial statements are not prepared, in all material respects, in accordance with Ind AS 34 and other accounting principles generally accepted in India. Emphasis of Matter We draw attention to Note 10 of the unaudited condensed consolidated interim financial statements which describes the accounting for the Scheme of Amalgamation between the Parent and Wonder Space Properties Private Limited, a wholly owned subsidiary (‘the Scheme’ or ‘business combination’). The Scheme has been approved by the National Company Law Tribunal (‘NCLT’) vide its order dated 14 September 2020 and a certified copy has been filed by the Parent with the Registrar of Companies, Mumbai, Maharashtra, on 26 October 2020. The appointed date as p

Profit attributable to

Owners of the Company Non-Controlling Interests Other Comprehensive (Loss) attributable to: Owners of the Company Non-Controlling Interests

Total Comprehensive Income attributable to

Owners of the Company Non-Controlling Interests Earnings Per Share (Amount in INR) Basic Diluted Note For the nine months ended December 31, 2020 (Unaudited) For the nine months ended December 31, 2019 (Unaudited) 1 2 3 4 5 6 7 (a) (c) 11(b) 332.28 424.73 757.01 2,486.39 (2,287.54) 105.98 144.10 14.29 206.69 669.91 87.10 (47.83) 39.27 10.49 26.59 37.08 2.19 (0.79) 0.28 (0.08) (0.59) 1.60 2.19 - 2.19 (0.59) 1,278.37 348.05 1,626.42 988.51 (205.82) 98.88 164.46 14.95 206.82 1,267.80 358.62 (57.48) 301.14 32.01 97.58 129.59 171.55 (0.37) 0.13 0.14 (0.10) 171.45 168.13 3.42 171.55 (0.10) - - (0.59) 1.60 - 1.60 0.09 0.09 (0.10) 168.03 3.42 171.45 6.87 6.87 7(a) 7(b) 8 36(a) 36(b) The accompanying notes are an integral part of the unaudited condensed consolidated interim financial statements. As per our report of even date. For B S R & Co. LLP Chartered Accountants Firm's Registration No: 101248W/W-100022 For and on behalf of the Board of Directors of Godrej Properties Limited CIN: L74120MH1

Total Comprehensive Income

i) Profit for the period ii) Remeasurements of the defined benefit plan (net of tax) iii) Exchange difference in translating the financial statements of a foreign operations

Adjustments

i) On fresh issues of shares (net of expenses INR 37.80 Crore) ii) Transfer to securities premium on exercise of stock grants iii) Share based payments to employees Balance as at December 31, 2019 (Unaudited) Attributable to the shareholders of the Company Reserves and Surplus Capital Reserve (refer note (a) below) Capital Reserve on Account of Amalgamation/ Acquisition (refer note (b) below) Securities Premium (refer note (c) below) Debenture Redemption Reserve (refer note (d) below) Employee Stock Grant Scheme Reserve (refer note (e) below) General Reserve (refer note (f) below) Retained Earnings (refer note (g) below) Total attributable to the shareholders of the Company Attributable to Non-controlling Interests Total Exchange differences on translating the financial statements of a foreign operation (refer note (h) below) 7.20 - - 7.20 - - - - - 138.15 2,695.36 100.00 - - - - - - 138.15 2,695.36 100.00 - - - - - - - - 2,050.20 3.67 - - 4,749.23 - - - - - - - 100.00 5.27 - - 5.27 -

Adjustments

i) On fresh issues of shares ii) Transfer to securities premium on exercise of stock grants iii) Share based payments to employees v) Transfer from debenture redemption reserve Attributable to the shareholders of the Company Reserves and Surplus Capital Reserve (refer note (a) below) Capital Reserve on Account of Amalgamation/ Acquisition (refer note (b) below) Securities Premium (refer note (c) below) Debenture Redemption Reserve (refer note (d) below) Employee Stock Grant Scheme Reserve (refer note (e) below) General Reserve (refer note (f) below) Retained Earnings (refer note (g) below) Total attributable to the shareholders of the Company Attributable to Non-controlling Interests Total Exchange differences on translating the financial statements of a foreign operation (refer note (h) below) 7.20 141.67 4,749.93 100.00 5.96 - - - - - - - - - - - - - - - - - - 3.99 - - - - - - - - (100.00) - - - - - - - 100.00 (323.26) 0.28 4,681.78 2.19 (0.51) - - - - - - - (0.08) - - - - 2.19 (0.51