BSEBoard Meeting1d ago · 16 Oct 2026, 05:06 pm
Un-audited financial results (standalone and consolidated) for the quarter and half-year ended 30th September 2026
DLF Ltd · 532868
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DLF Ltd has announced its unaudited financial results for the quarter and half-year ended September 30, 2026, with the Board of Directors considering and approving the results. The results are accompanied by a limited review report from the independent auditor, S.R. BerusotaCa LLP, which expresses no opinion on the financial statements due to the scope of the review being less than an audit.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
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Liquidity Impact8/10
Market Sentiment5/10
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DLF Ltd - 532868 - Board Meeting Outcome for Outcome Of Board Meeting
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DLF LIMITED
DLF Gateway Tower, R Block,
DLF City Phase – III, Gurugram – 122 002,
Haryana (India)
Tel.: (+91-124) 4396000, investor-relations@dlf.in
16th October 2026
The General Manager The Vice-President
Dept. of Corporate Services National Stock Exchange of India Limited
BSE Limited Exchange Plaza, Bandra Kurla Complex,
P.J. Tower, Dalal Street, Mumbai – 400 001 Bandra(E), Mumbai – 400 051
Sub: Outcome of Board Meeting
Dear Sir/ Madam,
The Board of Directors of the Company at its meeting held today i.e. Friday,
16th October 2026 has considered and approved inter-alia the Un-audited
Financial Results (Standalone and Consolidated) for the Quarter and Half Year
ended 30th September 2026 (‘Results’).
A copy of the said Results along with the Limited Review Reports are enclosed
herewith in compliance with Regulation 33 of the Securities and Exchange Board
of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The meeting of the Board of Directors commenced at 14.00 Hrs. and concluded
at 15.45 Hrs.
This is for your kind information and record please.
Thanking you,
Yours faithfully,
For DLF Limited
R. P. Punjani
Company Secretary
Encl.: As above
Regd. Office: DLF Shopping Mall, 3rd Floor, Arjun Marg, DLF City, Phase-I, Gurugram -122 002, Haryana (India)
CIN: L70101HR1963PLC002484; Website: www.dlf.in
S.R BerusotaCa LLP 4lh Floor, Otfice 405
World Mark - 2. Asset No.8
CMrt ill Account ott lcl Airport Hospitality District, Aerocity
New Delhi - I lO 037, lndia
Tel : +91 11 4681 95OO
Independent Auditor's Review Report on the Quartcrly end Yeer to Dote Uneudited Standalone Financia!
Results of tbc Company Pursuant to the Reguletion 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulationg 2015, as amended
Review Rcport to
The Boerd of Directors
DLF Limited
We have reviewed the accompanying statement of unaudited standalone linancial results of DLF Limited (he
"Company") which includes 4 partnership firms for the quarter and period ended September 30, 2026 (lhe
"statement") attached herewith, being submitted by the Company pursuant to the requirements of
Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,20l5, as amended
(the "Listing Regulations').
2. The Company's Management is responsible for the preparation of the Statement in accordance with the
recognition and measurement principles laid down in Indian Accounting Standard 34, (lnd AS 34) "lnterim
Financial Reporting" prescribed under Section 133 of the Companies Act,2013 as amended, read with relevant
rules issued thereunder and other accounting principles generally accepted in India and in compliance with
Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of
Directors. Our responsibility is to expre$ a conclusion on the Statement based on our review.
3 We conducted our review of the Statement in accordance with the Standard on Review Engagements
(SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity"
issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the
review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of
interim financial information consists of making inquiries, primarily of persons responsible for financial and
accounting matters, and applying analytical and other review procedures. A review is substantially less in scope
than an audit conducted in accordance witlr Standards on Auditing and consequently does not enable us to
obtain assurance that we would become aware of alt significant matters that might be identified in an audit.
Accordingly, we do not express an audit opinion.
4. Based on our review conducted as above and based on lhe consideration ofthe review ofother auditor referred
to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying
Statemenf prepared in accordance with the recognition and measurement principtes-laid doln in the aforesaid
Indian Accounting Standards ('lnd AS') specifred under Section 133 of the Companies Act, 2013 as amended,
read with retevanirules issued thereunder and other accounting principles generally accepted in India, has not
disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in
which it is to be disclosed, or that it contains any material misstatement.
5. Emphasis of Matter ParagraPh
(i) We iraw attention to Note no. + (a), (b) and (c) to the statement which describes the uncertainty relating to
outcome of following lawsuits filed against the Company:
a ' ) In a complaint filed against the Company relating to imposing unfair conditions on buyers' the
Competition Commissioi of India (CCI) has imposed a penalty of.Rs. 630.00 crores on the Company
whicir was upheld by Competition Appeltate Tribunat. The Company has filed an appeal which is cunently
pending witir Hon'ble Suprerne Court of India and has deposited Rs. 630.00 crores under protest as per
direction of the Hon'ble Supreme Court of India.
b) In a writ filed with Hon'ble High Court of Punjab and Haryanq the-Company,-oneof its subsidiary and a
joint venture Company have rieived judgements cancelling the sale deeds of land/ removal of structure
ielating to two IT SE2/ lT Park Projectrin Gurugram. The Company, its subsidiary and joint venture
*rp"-ny filed Special Leave Petirions (SLPs) chillenging thgordels which is currently pending with
Hon;ble Supremi Court of India. The Hon'ble Supreme Court of India has admined the matters and stayed
the operation of the impugned judgements till further orders in both the cases.
s.R. oailiboi E co. PafincMip with LLP tdentity ilo. AAB-4a94
ReCd. Ollice 8lo.t'8'. 3rd tloor. (ofirtr.?oo 016
Berueot*Ca
S.R LLP
Cha?tan dAccountantr
Securities and Exchange Board of India ('SEBI') in a complaint filed against the Company, imposed
certain restrictions on the Company. The Company had received a favorable order against the appeal in
said case from Securities Appellate Tribunal ('SAT'). SEBI, subsequently, has filed a statutory appeal
which is currently pending before Hon'ble Supreme Court of India. SEBI has also imposed penalties upon
the Company, some of its directors, officers, its three subsidiaries and their directors which has been
disposed off by SAT with a direction that these appeals will stand automatically revived upon disposal of
civil appeal liled by SEBI against aforementioned SAT judgement.
Based on the advice of the external legal counsels, no adjustment has been considered in these standalone
financial results by the management in respect of above matters. Our conclusion is not modified in respect of
these matters.
6. The accompanying Statement of quarterly interim standalone financial results and other financial information
includes Company's share of net loss after tax of Rs. 2.15 crores and Rs2.27 crores and total comprehensive
loss of Rs. 2.1 5 crores and Rs. 2.27 crcres for 0re quarter ended and the period anded September 30,2026 in
respect of one partnership firm whose interim financial result and financial information, as considered in the
Statement which have been reviewed by other auditors.
The reports of such other auditors on interim financial results and olher financial information of this partnership
firm have been furnished to us by the management" and our conclusion on the Statement, in so far as it relates
to the amounts and disclosures included in respect of this partnership firm, is based solely on the reports of
such other auditor. Our conclusion on the Statement is not modified in respect of the above matter.
7 The accompanying Statement of quarterly interim standalone financial results and other information includes
unaudited financial results in respect of one partnership firm, whose interim financial results reflect net profit
after trax of Rs. Nil
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