BSEBoard Meeting3 Aug 2026 · 3 Aug 2026, 05:05 pm
Un-audited Financial Results (Standalone and Consolidated) for the quarter ended 30th June 2026
DLF Ltd · 532868
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DLF Ltd has announced its un-audited financial results for the quarter ended 30th June 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. Barua & Co. LLP, which expresses no material misstatement. However, the auditor draws attention to certain uncertainties related to lawsuits filed against the company, including a penalty of Rs.630.00 crores imposed by the Competition Commission of India and a writ filed with the Hon'ble High Court of Punjab and Haryana.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk6/10
Balance Sheet Risk4/10
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
3rd August 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. Monday, 3rd August 2026
has considered and approved the Un-audited Financial Results (Standalone and
Consolidated) for the Quarter ended 30th June 2026. A copy of the said results (Standalone
and Consolidated) 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 16.00 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
For Stock Exchange’s clarifications, please contact:-
Mr. R. P. Punjani – 09810655115/ punjani-rp@dlf.in
Ms. Nikita Rinwa – 09069293544/ rinwa-nikita@dlf.in
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 Baruaor a Co. LLP 4th Floor, Off ce 405
world Mark 2, Asset No.8
lcl Airport Hospitality District, Aerocity
Chartered Accountants New Delhi ' 110 037. lndia
re : +91 11 4681 9500
lndependent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the
Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regu lat ions, 2015, as amended
Review Report to
The Board of Directors
DLF Limited
1 We have reviewed the accompanying statement of unaudited standalone financial results of DLF
Limited (the "Company") which includes 4 partnership firms for the qua rter ended June 30, 2026
(the "Statement") attached herewith, being submitted by the C0mpany pursuant to the
requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, 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 lndian Accounting Standard 34, (lnd
AS 34) "lnterim Financlal 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 lndia 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 express a
conclusion on the Statement based on our Teview.
3 We conducted ouT review of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410, "Review of lnterim Financial lnformation Performed by the
tndependent Auditor of the Entity" issued by the lnstitute of Chartered Accountants of lndia. 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 financialand accounting matters,
and applying analytical and other review procedures. A review is substantially less in scope than
an audit conducted in accordance with Standards on Auditing and consequently does not enable
us to obtain assuTance that we would become aware of all signiflcant matters that miqht be
identified in an audit. Accordingly, we do not express an audit opinion.
4 Eased on our Teview conducted as above and based on the consideration of the review of other
auditor referred to in paragraph 6 below, nothing has come to our attention that causes us to
believe that the accompanying Statement, prepared in accordance with the recognition and
measurement principles laid down in the aforesaid lndia n Accounting Standards ('lnd AS') specified
under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued
thereunder and other accounting principles generally accepted in lndia, 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 draw dttention to Note no. 5 (a), (b) and (c) to the statement which describes the uncertainty
relating to outcome of following lawsuits filed against the Company:
ln a complaint filed against the Company relating to imposing unfair conditions on buyers, the
Competition Commission of lndia (CCl) has lmposed a penalty of Rs.630.00 crores on the
Company which was upheld by Competition Appellate Tribuna . The Company has filed an
appeal which is currently pending with Hon'ble Supreme Court of India and has deposited Rs.
630.00 crores under protest as per direction of the Hon'ble Supreme Court of lndia.
b) ln a writ filed with Hon'ble High Court of Punjab and Haryana, the Company, one of its
subsidiary and a joint venture Company have received judgements cancelling the sale deeds
of land/ remova of structure relating to two lT SEZ/ lT Park Projects in Gurugram. The
Company, its subsidiary and joint venture company filed Special Leave petitions (SLps)
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S.R. Berusot & Co. LLP
Charter.d accountants
challenginq the orders which is currently pending with Hon'bie Supreme Court of lndia. The
Hon'ble Supreme Court of lndia has admitted the matters and stayed the operation of the
impugned ludgements till further orders in both the cases.
Securities and Exchange Board of lndia ('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 Trlbunal ('SAT'). SEBI, subsequently,
has filed a statutory appeal which is currently pending before Hon'ble Supreme Court of lndia.
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 filed 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 manaqement in respect of above matters. Our conclusion is not
modified in respect of these matters.
6 The accompanying Statement of quarter y interim standalone financial results and other financial
information includes Company's share of net loss after tax of Rs.0.12 crores and total
comprehensive loss of Rs. 0.12 crores for the quarter ended June 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 other 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.
l The accompanying Statement of quarterly interim standalone financial results and other
information includes unaudited financial results ln respect
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