Name of the Issue: DLF Limited 1 Type of Issue Institutional Placement Programme 2 Issue Size (Rs. Mn) 18,634.24 Source: Final Post Issue Monitoring Report dated May 27,2013 3 Grade of issue along with name of the rating agency Name Not Applicable 4 Subscription Level (Number of times) 1.51 * * Before technical rejections. Source: Final Post Issue Monitoring Report dated May 27,2013 5 QIB Holding (as a %age of Outstanding Capital) as disclosed to the stock exchanges (FII + DII Holding) %age (i) On Allotment (May 20,2013)** 20.63% (ii) at the end of the 1st Quarter immediately after the listing 20.19% of the issue (June 30,2013) (iii) at the end of 1st FY (March 31, 2014) 20.25% (iv) at the end of 2nd FY (March 31, 2015) * (v) at the end of 3rd FY (March 31, 2016) * * QIB Holding (FII+DII) not disclosed as reporting for relevant period has not been completed. **Post Issue shareholding in Clause 35 format submitted to Stock Exchanges Source: Exchange filing Not Available Not Available 6 Financials of the issuer (Standalone) Parameters 1st FY (March 31,2014) 2nd FY (March 31,2015) * (Rs. Crores) 3rd FY (March 31,2016) * Sales and other receipts 2,386 Not Available Not Available Net Profit for the period 527 Not Available Not Available Paid-up equity share capital 356 Not Available Not Available Reserves excluding revaluation reserves 16,285 Not Available Not Available * Financials not available as reporting for the relevant years has not been completed. 7 Trading Status The equity shares of DLF Limited are listed on both the BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") (and together with BSE the "Stock Exchanges") The equity shares have not been suspended or delisted. (i) at the end of 1st FY (March 31, 2014) (ii) at the end of 2nd FY (March 31, 2015) * (iii) at the end of 3rd FY (March 31, 2016) * Status Frequently Traded Not Available Not Available * Trading status not disclosed as the relevant fiscal years have not been completed.
8 Change in Directors of Issuer from the disclosures in the offer document Date Name of Director Appointed / Resigned (i) at the end of 1st FY (March 31, 2014) 26-Mar-14 N P Singh Demise 12-Aug-13 12-Aug-13 Ved Kumar Jain Mohit Gujral Rajeev Talwar Rajiv Krishan Luthra Pramod Bhasin Independent Director Appointment Whole-time Director Whole-time Director Non-executive Independent Directors Appointment Non-executive Independent Directors Appointment (ii) at the end of 2nd FY (March 31, 2015) * Not Available Not Available (iii) at the end of 3rd FY (March 31, 2016) * Not Available Not Available Source: Exchange filings * Changes in Directors of Issuer not updated as the relevant financial years have not been completed 9 Status of implementation of project/ commencement of commercial production (i) as disclosed in the offer document (ii) Actual implementation (iii) Reasons for delay in implementation, if any Not Applicable 10 Status of utilization of issue proceeds (i) As disclosed in the offer document Repayment of borrowings, general corporate purposes, working capital requirements and capital expenditure or such other purpose as the Board of Directors may decide (ii) Actual utilization (Rs. Million) As per Prospectus Actual Utlisation as of September 30, 2013 Gross proceeds from IPP (As per Prospectus (approx.)) 18,634.2 - Net proceeds from IPP 18,400.0 - Fees & expenses 234.0 Utlilisation 18,634.2 - General corporate purposes, working capital requirements and capital expenditure or other purposes 3220.6 - Repayment of borrowings 15194.1 - Fees & expenses 219.5 Source: IPP Prospectus and BSE (iii) Reasons for deviation, if any Not Applicable 11 Comments of monitoring agency, if applicable (i) Comments on use of funds (ii) Comments on deviations, if any, in the use of proceeds of the Issue from the objects stated in the Offer document (iii) Any other reservations expressed by the monitoring agency about the end use of funds Not Applicable
12 Pricing Data Issue Price (Rs.) 230.0 Listing Date 22-May-13 Close of 30th Close of 90th As at the of the end of the 1st FY after the listing As at the of the end of the 2nd FY after the listing As at the of the end of the 3rd FY after the listing Price parameters At close of listing calendar day calendar day from issue ( 31st March,2014) issue ( 31st March,2015) * issue ( 31st March,2016) * day- May 22,2013 from listing day listing day - - June 20, August 19, 2013 (2) Closing price High (4) Low (4) Closing price High (4) Low (4) Closing price High (4) Low (4) 2013 (1) Market Price- NSE 227.15 175.50 149.15 176.45 258.35 120.05 Not Available Not Available Not Available Not Available Not Available Not Available Market Price- BSE 227.10 175.50 148.45 176.65 258.30 120.25 Not Available Not Available Not Available Not Available Not Available Not Available BSE Sensex (3) 20,062.24 18,719.29 18,307.52 22,386.27 22,467.21 17,448.71 Not Available Not Available Not Available Not Available Not Available Not Available CNX Nifty (3) 6,094.50 5,655.90 5,414.75 6,704.20 6,730.05 5,118.85 Not Available Not Available Not Available Not Available Not Available Not Available CNX Realty Index 242.20 193.65 161.6 189.05 263.50 142.85 Not Available Not Available Not Available Not Available Not Available Not Available S&P BSE India Realty Index 1,897.52 1,526.08 1,260.5 1,468.40 2,064.64 1,126.84 Not Available Not Available Not Available Not Available Not Available Not Available Source: Stock Exchange data. (1) 30th calender day has been taken as listing date plus 29 calender days. Where the 30th day is a holiday the immediately following trading day has been considered (2) 90th calender day has been taken as listing date plus 89 calender days.where the 90th day is a holiday the immediately following trading day has been considered (3) Designated stock exchange not applicable to IPP: Data for BSE Sensex and CNX Nifty has been provided (4) High and low prices based on intraday prices * Pricing data not disclosed as reporting for the relevant financial years has not been completed 13 Basis for Issue Price Not Applicable
14 Any other material information Announces Q2 Results & Limited Review Report for Sep 30, 2014 DLF Ltd has announced the following results for the quarter ended September 30, 2014: The Un-Audited Standalone results for the Quarter ended September 30, 2014 The Company has posted a net profit of Rs. 2207.40 million for the quarter ended September 30, 2014 as compared to Rs. 830.30 million for the quarter ended September 30, 2013. Total Income has increased from Rs. 8774.40 million for the quarter ended September 30, 2013 to Rs. 10059.10 million for the quarter ended September 30, 2014. The Consolidated Results are as follows: The Unaudited Consolidated results for the Quarter ended September 30, 2014 The Group has posted a net profit of Rs. 1090.60 million for the quarter ended September 30, 2014 as compared to Rs. 1000.50 million for the quarter ended September 30, 2013. Total Income has decreased from Rs. 22246.10 million for the quarter ended September 30, 2013 to Rs. 21355.90 million for the quarter ended September 30, 2014. Date 13-Nov-14 Remarks Updates: DLF Ltd has informed BSE vide its letter dated October 17, 2014 that: "DLF Limited has filed an appeal from the order (order dated October 10, 2014 in Ref. No.WTM/RKA/IVD-7/117-124/2014 passed by the Whole Time Member Shri Rajeev Kumar Agarwal of SEBI) of the Whole Time Member Shri Rajeev Kumar Agarwal challenging the directions made by the Whole Time Member restraining DLF Limited, K P Singh, Rajiv Singh, T C Goyal, Pia Singh, Kameshwar Swarup and Ramesh Sanka from accessing the securities market and prohibiting these persons from buying, selling or otherwise dealing in securities, directly or indirectly, in any manner, whatsoever, for the period of 3 years. Copies of the appeal were served on SEBI today and upon mentioning the Hon'ble SEBI Appellate Tribunal has fixed the hearing of the appeal on Wednesday, the 22nd of October, 2014". 17-Oct-14 Updates: DLF Ltd has informed BSE that: "The Order dated October 10, 2014 passed by the Hon'ble Whole Time Member of SEBI has come to the notice of DLF Ltd. only on October 13, 2014. The same is being reviewed by DLF and its legal advisors. DLF and its Board wish to reassure its investors and all other stakeholders that it has not acted in contravention of law either during its initial public offer or otherwise. DLF and its board were guided by and acted on the advise of eminent legal advisors, merchant bankers and audit firms while formulating its Offer documents. DLF will defend itself to the fullest extent against any adverse findings and measures contained in the Order passed by SEBI. DLF has full faith in the judicial process and is confident of vindication of its stand in the near future." 14-Oct-14 Clarification sought from DLF Ltd The Exchange has sought clarification from DLF Ltd with respect to news article appearing in CNBC TV 18 on October 13, 2014 titled "SEBI bars DLF Chairman & some executives from Capital Markets for 3 years." The reply is awaited. 13-Oct-14 Clarification from DLF Ltd The Exchange had sought clarification from DLF Ltd in regard to recent news item published in a Financial Daily dated September 29, 2014. DLF Ltd filed its reply DLF reply filed with 1-Oct-14 exchanges Clarification from DLF Ltd The Exchange had sought clarification from DLF Ltd with respect to the media report titled "DLF to Buy Promoters' 40% in Rental Biz" appearing in The Economic Times on September 24, 2014. DLF Ltd replied as under: "Kindly note as intimated vide our letter dated 29th August, 2014 that the Board of Directors of the Company in its meeting held on 29th August, 2014 has requested the Independent Directors of the Company who are members of the Audit Committee, chaired by Shri K. N. Memani to comprehensively evaluate, review and recommend various strategic options available for the Company to drive sustainable and long term growth and development of the rental business; create the optimum structure for the rental business in order to improve efficiency and control and to reduce conflicts of interest, if any, inter-se affiliated persons / entities in keeping with the best corporate governance practices. 25-Sep-14 In line with the above, the Audit Committee has commenced it's preliminary deliberations on the subject. We have no further comments to offer at this stage."
Updates on land in Wazirabad Village, Gurgaon DLF Ltd has informed BSE that a judgement was passed on September 03, 2014 by the Hon'ble Punjab and Haryana High Court in a writ petition filed before it challenging the acquisition by Haryana Government with respect to 350 acres of land in Wazirabad Village, Gurgaon. The Hon'ble Court, while upholding the acquisition, has passed certain observations regarding the allotment of the said land to DLF Ltd. The Company is awaiting a copy of the order and can offer detailed comments only pursuant to that. However, at this juncture the Company would only like to clarify that the said land was awarded to DLF by two rounds of International Competitive Bidding process. The Company further clarify that the above stated project is an independent project to be developed in the future and has NO correlation whatsoever with any of the ongoing, existing or completed projects of the company including DLF 5. 4-Sep-14 Outcome of Board Meeting DLF Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 29, 2014 has requested the Independent Directors of the Company who are members of the Audit Committee, chaired by Shri K. N. Memani to comprehensively evaluate, review and recommend various strategic options available for the Company to drive sustainable and long term growth and development of the rental business; create the optimum structure for the rental business in order to improve efficiency and control and to reduce conflicts of interest, if any, inter-se affiliated persons / entities in keeping with the best corporate governance practices. Appointment of Independent Director DLF Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 29, 2014 have appointed Lt. Gen. Aditya Singh (Retd.) as a non-executive Independent Director. With this appointment, the Company is fully compliant with clause 49 of the listing agreement. 30-Aug-14 30-Aug-14 Clarification from DLF Ltd The Exchange had sought clarification from the Company with respect to the news flash about Supreme Court directs DLF to pay Rs.630 Crores. DLF Ltd has replied as under : "The Appeal filed by DLF against the Order of the COMPAT has been admitted today by the Hon ble Supreme Court of India. The Hon'ble Supreme Court directed DLF to deposit Rs. 630 crore in an interest-bearing fixed deposit with the Court for the duration of the Appeal proceedings. The amount is to be deposited within a period of three months, of which Rs. 50 crore is to be deposited within three weeks. The entire deposit is subject to the final decision of the Hon ble Supreme Court. 27-Aug-14 The copy of the order passed today by the Hon ble Supreme Court is still awaited. DLF will take all steps to comply with the directions of the Hon ble Supreme Court and remains confident of the merits of its case." DLF Ltd has informed BSE that Zola Real Estate Pvt. Ltd. has, with effect from August 01, 2014, ceased to be a step down subsidiary/associate of DLF Ltd., pursuant to issue of fresh equity to My Home Constructions Pvt. Ltd. Zola Real Estate Pvt. Ltd., through its 100% subsidiary, owns a land parcel in Raidurg, Hyderabad. 4-Aug-14 Announces Q1 results & Limited Review Report for the Quarter ended June 30, 2014 DLF Ltd has announced the following results for the quarter ended June 30, 2014: The Unaudited Standalone results for the Quarter ended June 30, 2014 The Company has posted a net profit of Rs. 726.40 million for the quarter ended June 30, 2014 as compared to Rs. 1501.60 million for the quarter ended June 30, 2013. Total Income has decreased from Rs. 10378.30 million for the quarter ended June 30, 2013 to Rs. 7623.80 million for the quarter ended June 30, 2014. The Consolidated Results are as follows: 31-Jul-14 The Unaudited Consolidated results for the Quarter ended June 30, 2014 The Group has posted a net profit/(loss) after taxes, minority interest and share in profit/(loss) of associates of Rs. 1277.70 million for the quarter ended June 30, 2014 as compared to Rs. 1811.90 million for the quarter ended June 30, 2013. Total Income has decreased from Rs. 24531.80 million for the quarter ended June 30, 2013 to Rs. 18516.00 million for the quarter ended June 30, 2014. DLF Ltd has informed BSE that the Committee of Directors has allotted Equity Shares as detailed below upon exercise of Options by the employees under the Company's Employees Stock Options Scheme: Date of Allotment : June 16, 2014 No. of Equity Shares (face value of Rs. 2/- each) : 46,795 17-Jun-14
Placement of CMBS Issue: DLF Promenade Limited, a subsidiary of DLF Limited, has successfully placed the Commercial Mortgage Backed Security (CMBS) issuance of Rs. 375 crore, with a competitive coupon rate of 10.90% p.a. and Legal Maturity of 7.5 years. DLF Promenade owns and operates approximately 4.5 lakh sq. ft Luxury Mall in New Delhi, India. The CMBS issue is rated CRISIL AA (SO). This is a 2nd issuance from DLF Group. Commenting on the issuance, Mr. Saurabh Chawla Executive Director - Finance said- this completes the Phase I of such issuances. We shall continue to explore more such transactions in the future. The Arranger for the Issue is Trust Investment Advisors Pvt. Ltd." 13-Jun-14 DLF Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2014, inter alia, has recommended a dividend of Rs. 2/- per equity share on the face value of Rs. 2/- each subject to the shareholders' approval. 29-May-14 The Audited results for the Quarter ended March 31, 2014 29-May-14 "The Hon ble COMPAT has pronounced the Order today upholding certain findings of the earlier Orders of CCI. The Company is yet to examine the detailed Order, therefore, the Company at this stage will not be in a position to make any further comments. The Company shall be challenging the said Order passed by the Hon ble COMPAT in the Hon ble Supreme Court for which COMPAT has given us 60 days time. The Company wishes to point out that it has successfully delivered Park Place, Belaire and Magnolia projects which were the subject matter of the above appeals. The Company has respected in true letter and spirit the customer commitments made by it. In testament thereof, out of over 2600 total number of apartments, over 2200 have been handed over, and over 1800 number of families are already residing therein." 19-May-14 DLF Ltd has informed BSE that the Committee of Directors has allotted Equity Shares as detailed below upon exercise of Options by the employees under the Company's Employees Stock Options Scheme: Date of Allotment : April 30, 2014 No. of Equity Shares (face value of Rs. 2/- each) : 1,24,717 2-May-14 With reference to the earlier announcement dated April 23, 2014 in regard to leasing of DLF Offices for the year 2013-14 of 3 million sq. ft., DLF Ltd has now informed BSE that : "We have received a few queries and in the interest of clarity, would like to state that while 3 million sq.ft. is the total leasing done, a portion of this i.e. 1.3 million sq.ft.' is of spaces that were re-leased. The incremental leasing of 1.7 million sq.ft. done during the year was better than the guidance of 1 to 1.5 million sq.ft." 25-Apr-14 DLF Ltd has informed BSE that DLF Home Developers Limited "DHDL", a wholly owned subsidiary of DLF Ltd., received its final tranche of payment of Rs. 93.5 crores on the sale of balance shares of Galaxy Mercantile Ltd. "GML", a JV company of DHDL, IDFC and others. In November 2011, IDFC had contracted to acquire 100% stake in the JV Company owning 1.3 mill. sq. feet IT Park located in Sector 62, Noida, Uttar Pradesh. 11-Mar-14 The above transaction is in line with the DLF's objective of divesting its non-core assets DLF Ltd has informed BSE that the members of the Company will consider to approve the resolutions, by way of Postal Ballot. 7-Mar-14 DLF Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 14, 2014, inter alia, have approved the following: 1. Appointment of Mr. Ved Kumar Jain as an additional director in capacity of Non-executive Independent Director. 2. Re-appointment of Mr. Rajiv Singh as Vice-Chairman of the Company for a period of five years w.e.f. April 09, 2014, subject to the shareholders approval. 3. (a) Appointment of Mr. Mohit Gujral as Whole-time Director of the Company for a period of five years, subject to the shareholders approval. (b) Appointment of Mr. Rajeev Talwar as Whole-time Director of the Company for a period of five years, subject to the shareholders approval. Announcement of Unaudited results for the Quarter ended December 31, 2013
DLF Ltd has informed BSE that the Company has entered into a settlement with Delhi Development Authority ( DDA ) with respect to the agreement for allotment of land for setting up an International Convention and Exhibition Centre Project at Sector-24, Dwarka, New Delhi. Accordingly, the Company has received a refund of Rs. 675.81 crore (approx.) from DDA as full and final settlement, after forfeiture of the earnest money in terms of the settlement agreement. 10-Feb-14 DLF Ltd has informed BSE regarding a Press Release dated February 09, 2014 titled "DLF completes the sale of Amanresorts to Adrian Zecha and Peak Hotels". 10-Feb-14 DLF Ltd has informed BSE that: "DLF GLOBAL HOSPITALITY LTD "DGHL" a 100% step down subsidiary of DLF Ltd. has completed the sale of 100% equity stake in Silverlink Resorts Ltd. "SRL" the owner of Amanresorts to Aman Resorts Group Ltd. "ARGL" a Joint Venture between Peak Hotels & Resorts Group Ltd. "PHRL" and Mr. Adrian Zecha, the founder of Amanresorts for an Enterprise Value of USD 358 million. The sale has been in the form of management buyout. DLF Global Hospitality Limited had purchased 100% equity in Amanresorts in 2007 from a group of investors. The deal excludes the iconic Lodhi Hotel in Delhi which shall remain a part of DLF Ltd. 10-Feb-14 The transaction is a part of DLF's objective of divesting its non core assets. DLF Ltd has informed BSE that the Committee of Directors has allotted Equity Shares as detailed below upon exercise of Options by the employees under the Company's Employees Stock Options Scheme: Date of Allotment : January 27, 2014 No. of Equity Shares (face value of Rs. 2/- each) : 24,560 1-Feb-14 Update on sale of non-core assets: Sale of shares in Insurance JV with Prudential Financial, Inc. to Dewan Housing Finance Corporation Ltd. (DHFL) With reference to the earlier announcement dated July 25, 2013 regarding sale of shares in the Company's JV with Prudential Financial, Inc., DLF Ltd has now informed BSE that post completion of all the conditions precedent including regulatory approvals, DLF completed the sale of its 74% stake in the insurance joint venture with Prudential Financial, Inc. of USA to Dewan Housing Finance Corporation Limited (DHFL) & its group entities. The name of the JV shall change from DLF Pramerica Life Insurance Company Ltd. (DPLI) to DHFL Pramerica Life Insurance Company Ltd. (DHFL PLI). The transaction is in line with the DLF s ongoing strategy to divest non-core businesses 18-Dec-13 Announces Q2 results & Limited Review Report for the Quarter ended Sep 30, 2013 Update on divestment of non-core assets: DLF Ltd has informed BSE that on October 08, 2013 subsidiaries of the Company, namely, DLF Home Developers Ltd. and DLF Projects Ltd. have divested 60% stake in Star Alubuild Private Limited (Star Alubuild), a subsidiary at an enterprise value of Rs. 79.8 crores. Star Alubuild specializes in designing, engineering, fabrication and installation of curtain walls for commercial buildings, retail malls and doors & windows for projects throughout India. Accordingly, Star Alubuild ceased to be subsidiary of the Company. The transaction is a part of DLF's objective of divesting its non core assets. 31-Oct-13 8-Oct-13 Update on divestment of non-core assets: DLF Ltd has informed BSE that : "In continuation to our earlier communication dated April 04, 2013, wherein it was informed that a definitive Business Transfer Agreement was executed between DLF Home Developers Ltd. (DHDL), a subsidiary and Violet Green Power Pvt. Ltd., a subsidiary of Leap Green Energy Pvt. Ltd. to transfer the DHDL's undertaking comprising of 33MW wind turbines situated at Rajasthan, subject to regulatory approvals and permissions. In pursuance of the said agreement, DHDL has, on October 07, 2013 transferred the above mentioned undertaking including related assets and liabilities along with relevant long term loans on 'as is where is basis' by way of slump-sale upon receipt of a lump sum consideration of Rs. 67.44 crores. The transaction is a part of DLF s objective of divesting its non core assets." 8-Oct-13 Notice of Postal Ballot: DLF Ltd has informed BSE that the members of the Company will consider to approve the resolutions by way of Postal Ballot for 1. To increase the number of directors from 12 to 15 and 2. To seek the Members approval for the re-appointment of and remuneration payable to Dr. K.P. Singh as Chairman 25-Sep-13 Results of Postal Ballot: DLF Ltd has informed BSE that the members of the Company have passed the resolution by way of Postal Ballot, under Clause 35A for alteration in Object Clause of the Memorandum of Association and Commencement of new business 22-Aug-13 The Board of Directors of the Company at its meeting held on August 12, 2013, have re-appointed Dr. K. P. Singh as Chairman for a period of five years with effect from October 01, 2013. Further, the Board of Directors in the said meeting have also co-opted Mr. Rajiv Krishan Luthra and Mr. Pramod Bhasin as additional Directors in capacity of Non-executive Independent Directors. Announces Q4 and FY 13 results and Auditor's report for the period ended March 31,2013 12-Aug-13 12-Aug-13
Signs definitive agreements to sell its 74% equity stake in its the Life Insurance Joint Venture - DLF Pramerica Life Insurance Company Ltd, a joint venture with Prudential International Insurance Holdings Ltd ("PIIHL"), a subsidiary of Prudential Financial, Inc USA "PFI" to Dewan Housing Finance Corporation Ltd ("DHFL") & its group entities 25-Jul-13 Notice of Postal Ballot - Alteration in objects clause of Memorandum of Association of Company Enters into definitive Business Transfer Agreement with Goyal MG Gases Private Limited for transferring of an unit comprising of 11.2 MW capacity wind turbines situated at Gadag, Karnataka on as is where is basis by way of slump-sale for a lump sum consideration of Rs. 29.52 crores subject to adjustment for net working capital Transfers 150MW capacity wind turbines situated at Kutch, Gujarat, for a lump sum consideration of Rs. 325.38 crores in terms of definitve Business Transfer Agreement executed on January 31, 2013 between the Company and BLP Vayu (Project 1) Private Ltd., a subsidiary of Bharat Light & Power Pvt. Ltd 23-Jul-13 12-Jul-13 8-Jul-13 Transaction is expected to be consummated by December 31, 2013, subject to regulatory approvals Announces Q4 and FY 13 results and Auditor's report for the period ended March 31,2013 30-May-13 Recommends dividend of Rs.2 per equity share on the face value of Rs.2 each subject to shareholder approval 30-May-13 Source: Exchange Filings