INDIABULLS REAL ESTATE LTD. - 532832 - Announcement under Regulation 30 (LODR)-Credit Rating
This is to inform you that the rating committee of the rating agency Infomerics Valuation and Rating Pvt. Ltd. ('Infomerics') has upgraded the long-term rating of Indiabulls Real Estate Limited from 'IVR A+' to 'IVR AA-/Stable Outlook' (IVR Double A Minus with Stable Outlook).
INDIABULLS REAL ESTATE LTD. - 532832 - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
Please be informed that, in line with the disclosures in the earnings update dated May 14, 2020, and our steps to reduce annual operating costs from Rs 200 crore to Rs 100 crore, the Board of Directors of Indiabulls Real Estate Limited ('the Company') has appointed M/s Agarwal Prakash & Co, Chartered Accountants (FRN: 005975N), as statutory auditors of the Company, who are already existing statutory auditors of more than 90% subsidiaries of the Company, in place of M/s Walker Chandiok & Co LLP, Chartered Accountants (FRN: 001076N/N500013). This will reduce total audit fee and related expenses substantially by more than 50%. The senior management of the Company has already taken voluntary salary cuts of over 50% to lead the efforts on expense control. For details, pls refer the attachment. INDIABULLS REAL ESTATE LTD. - 532832 - Shareholding for the Period Ended March 31, 2020
Indiabulls Real Estate Ltd has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2020. For more details, kindly Click here INDIABULLS REAL ESTATE LTD. - 532832 - Earnings Update For The Financial Year Ended March 31, 2020
Please find enclosed herewith an Earnings Update of Indiabulls Real Estate Limited for the financial year ended March 31, 2020, for your information and record. INDIABULLS REAL ESTATE LTD. - 532832 - Submission Of Audited Financial Results (Standalone And Consolidated) Of Indiabulls Real Estate Limited For The Quarter And Financial Year Ended March 31, 2020, Along With Audit Reports And Declaration
Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Regulations'), we enclose hereto, for your information and record, the audited standalone and consolidated financial results of Indiabulls Real Estate Limited ('the Company') for the quarter and financial year ended March 31, 2020, duly approved by the Board of Directors of the Company at its meeting held today, May 14, 2020, along with requisite information pursuant to Regulation 52(4) and a declaration pursuant to Regulation 33(3)(d) of the aforesaid Regulations. We also submit herewith Audit Reports dated May 14, 2020, issued by the Statutory Auditors of the Company, on the said standalone and consolidated financial results respectively of the Company, which were duly placed before the Board at the aforesaid meeting, which commenced at 05:00 p.m. and concluded at 07:20 p.m. INDIABULLS REAL ESTATE LTD. - 532832 - Announcement under Regulation 30 (LODR)-Credit Rating
This is to inform you that the rating committee of the rating agency Infomerics Valuation and Rating Pvt. Ltd.('Infomerics') has revised the long-term rating of Indiabulls Real Estate Limited to 'IVR A+'. In revising the rating, Infomerics cited challenges faced by the Indian real estate sector. Please take the information on record. INDIABULLS REAL ESTATE LTD. - 532832 - Board Meeting Intimation for Intimation Of Board Meeting For Consideration And Approval Of Audited Financial Results Of Indiabulls Real Estate Limited ('The Company') For The Quarter And Financial Year Ended March 31, 2020, And Regarding Closure Of Trading Window
INDIABULLS REAL ESTATE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/05/2020 ,inter alia, to consider and approve Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that a meeting of the Board of Directors of the Company will be held on Thursday, May 14, 2020, to consider and approve inter alia the audited financial results of the Company for the quarter and financial year ended March 31, 2020. We further wish to inform that in terms of SEBI (Prohibition of Insider Trading) Regulations, and Code of Conduct for Prevention of Insider Trading of the Company, the Trading Window for dealing in securities of the Company which had been closed earlier, shall remain closed till May 16, 2020.