Silver Pearl Hospitality & Luxury Spaces Ltd — Results, 27-05-2025: Result

May 27, 2025

DM-Corporate Services

BSE Limited

P. J. Towers, Dalal Street

Fort, Mumbai – 400 001

Ref: Scrip Code 543536 (SME)

Sub: Submission of Results for H2 / FY 2024-25 along with Audit Report & Declaration

pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015

Respected Sir or Madam,

With reference to the above and in compliance with Regulation 33(3) of SEBI (LODR)

Regulations, 2015, we are enclosing with this letter, Audited Financial Results for the 2nd

half of the Year and Year ended on 31st March 2025 together with Cash Flow Statement,

Statement of Assets & Liabilities and Audit Report from Statutory Auditors as well as

declaration pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015, as amended

till date.

The meeting was commenced at 13.30 Hrs. and concluded at 14.30 Hrs.

This is for the information of members.

Thanking You,

Yours Faithfully,

For SILVER PEARL HOSPITALITY & LUXURY SPACES LTD.

RAJESH KUMAR NEGI

DIN: 08131019

MANAGING DIRECTOR

Enclosed: a/a

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May 27, 2025

DM-Corporate Services

BSE Limited

P. J. Towers, Dalal Street

Fort, Mumbai – 400 001

Ref: Scrip Code 543536 (SME)

Sub: Declaration pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015

It is hereby declared and confirmed that the Auditors’ Report on Annual Financial Results of

the Company for the year ended 31st March 2025 is with unmodified opinion.

This declaration is furnished in reference to the provision of Clause (d) of sub regulation (3)

of Regulation 33 of SEBI (LODR) Regulations, 2015 as notified on 25th May 2016.

Thanking You,

Yours Faithfully,

For SILVER PEARL HOSPITALITY & LUXURY SPACES LTD.

RAJESH KUMAR NEGI

DIN: 08131019

MANAGING DIRECTOR

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₹ in Lakhs

Half Year ended 31.03.2025Preceding Half Year ended 30.09.2024Half Year ended 31.03.2024Year to date figures as on 31.03.2025Year to date figures as on 31.03.2024

Audited Un-Audited Audited Audited AuditedI Revenue from Operations 23.861 55.769 63.450 79.630 112.250

II Other Income 17.943 0.057 (0.283) 18.000 5.700 III Total Income (I+II) 41.804 55.826 63.167 97.630 117.950

IVCost of Material Consumed- - - - -

Purchases of Stock in Trade- - - - -

Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade- - - - - Employees Benefit Expenses 11.552 14.338 10.265 25.890 23.986

Finance Costs - - Depreciation & Amortization Expenses 8.694 8.876 5.371 17.570 19.571

Other Expenses 29.214 39.736 27.493 68.950 63.282 Total Expenses (IV) 49.460 62.950 43.129 112.410 106.839

VProfit / (Loss) before Tax & Exceptional Items (III-IV)(7.656) (7.124) 20.038 (14.780) 11.111 VIExceptional Items- - - - -

VIIProfit / (Loss) before Tax (V-VI)(7.656) (7.124) 20.038 (14.780) 11.111 VIII

Current - - 1.73 - 1.733Deferred Tax 6.045 (4.175) (1.587) 1.870 (1.006)

Total Tax Expenses (VIII) 6.045 (4.175) 0.146 1.870 0.727 IXProfit for the Period / Year from continuing operations (VII-VIII)(13.701) (2.949) 19.892 (16.650) 10.384

XOther Comprehensive IncomeA. Items that will not be classified to Profit or Loss- - -

B. Tax (expense)/benefit on item that will not be reclassified to profit or loss - - - Total other Comprehensive Income (X)- - - - -

XITotal Comprehensive Income for the Period / Year (IX+X)(13.701) (2.949) 19.892 (16.650) 10.384 XIIPaid-up Equity Share Capital (Face Value of ₹ 10/- each)785.300 785.300 285.300 785.300 785.300

XIIIOther Equity- 569.955 572.403 555.760 572.403 XIVEarnings per Share (Face Value of ₹ 10/- each)

a) Basic(0.174) (0.038) 0.697 (0.212) 0.132 b) Diluted(0.174) (0.038) 0.697 (0.212) 0.132

Notes :1.

2.3.

4.

5.

6.

7.

For Silver Pearl Hospitality & Luxury Spaces Limited

Place: Kolkata Sd/-Date: May 27, 2025Rajesh Kumar Negi

Managing Director

There is a decrease in revenue during the half year ended 31.03.2025 due to prolonged winter conditions in Rakchham & poor road conditions.

Silver Pearl Hospitality & Luxury Spaces Limited

Regd. Office : 3B, Lal Bazar Street, Sir RNM House, 5th Floor, Room No. 2, Kolkata – 700001 (West Bengal)CIN : U55101WB2011PLC158193, Email : info@silverpearlhospitality.com, Website : www.silverpearlhospitality.com

Statement of Standalone Audited Financial Results for the Year ended 31st March 2025

Expenses

Tax Expenses

Sr. No.Particulars

As per Indian Accounting Standard (lndAS) 108 "Operating Segment", the Company's business falls within a single business segment viz. "Hotel & Restaurant Business" and thusSegmental Report for the Quarter is not applicable to the Company.

Above results were reviewed and recommended by Audit Committee taken on record by Board of Directors in their Meeting held on May 27, 2025.The Statutory Auditors have carried out Audit for above Financial Results.

This statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind-AS) - 34, Interim Financial Reporting prescribed underSection 133 of the Companies Act, 2013, read with rule 3 of the Companies (Indian Accounting Standard) Rules, 2015 and Companies (Indian Accounting Standard) Accounting

Rules, 2016.

Previous period figure have been regrouped/rearranged wherever necessary to correspond with the current period / year classification / disclosures.

Figures for the Half Years ended 31st March 2025 and 31st March 2024 as reported in these financial results, are the balancing figures between audited figures in respect of thefull financial years and the published year to date figures up to the end of the 1st half year of the respective financial years.

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(₹ In Lakhs)

As AtAs At

31st March 202531st March 2024

Audited Un-Audited

ASSETS

Non-Current Assets

Property, Plant and Equipment 201.840 218.071

Financial Assets

Income Tax Assets

Deferred Tax Assets 4.060 5.929

Total Non-Current Assets ... 205.900 224.000

Non-Current Financial Assets

Non-Current Investments 732.000 -

Trade Receivables, Non-Current - -

Loans, Non-Current - -

Other Non-Current Financial Assets - -

Total Non-Current Financial Assets ... 732.000 -

Deferred Tax Assets - -

Other Non-Current Assets - -

Gross Non-Current Assets ... - -

Current Assets

Inventories - -

Financial Assets

Current Investments - -

Trade Receivables - -

Cash & Cash Equivalents 0.080 6.956

Bank Balances 5.370 118.767

Short Term Loans & Advances 424.340 1,033.303

Other Financial Assets - 5.000

Other Current Assets 5.490 8.235

Total Non-Current Assets ... 435.280 1,172.261

Total Assets ........... 1,373.180 1,396.261

EQUITY & LIABILITIES

Equity

Equity Share Capital 785.300 785.300

Reserves & Surplus 555.760 572.403

Money Received against Share Warrants - -

Total Equity ... 1,341.060 1,357.703

Share Application Money Pending Allotment - -

LIABILITIES

Non Current Liabilities

Financial Liabilities - -

Long Term Borrowings -

Long Term Provisions - -

Deferred Tax Liabilities (Net) - -

Other Non Current Liabilities - -

Total Non-Current Liabilities ... - -

Current Liabilities

Financial Liabilities - -

Short Term Borrowings - -

Trade Payables - -

Other Financial Liabilities - -

Short Term Provisions 1.730 1.734

Current Tax Liabilities (Net) - -

Other Current Liabilities 30.390 36.824

Total Current Liabilities ... 32.120 38.558

Total Liabilities ........... 32.120 38.558

Total Equity & Liabilities ........... 1,373.180 1,396.261

-

Silver Pearl Hospitality & Luxury Spaces Limited

Statement of Assets & Liabilities

Particulars

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As at 31st

March 2025

As at 31st

March 2024

A. Cash Flow from Operating Activities

Net Profit before Tax and Extra-Ordinary Items (14.780) 11.112

Adjustments for

Interest /Finance Cost (18.000) (5.702)

(Gain) Loss/ on Sale of Assets - -

Dividend - -

Amortization & Prelimary Expenses - -

Depreciation 17.570 19.571

Operating profit before working Capital Changes (15.210) 24.981

Adjustments for Working Capital Changes

Decrease/(Increase) in Loan & Advances 608.960 (221.844)

Decrease/(Increase) in Trade Receivable - -

Decrease/(Increase) in Taxes - -

Decrease/(Increase) in Other Financial Assets - -

Decrease/(Increase) in Other Current Assets 2.740 2.746

Decrease/(Increase) in Inventories - -

Decrease/(Increase) in Trade Payable - -

(Decrease)/Increase in Other Financial Liabilities - -

(Decrease)/Increase in Other Current Liabilities and Provisions (6.430) 28.674

Cash Generated from operations 590.060 (165.443)

Less: Tax Expenses - (3.510)

Deferred Tax Assets - -

Net Cash From Operating Activities 590.060 (168.953)

B. Cash Flow From Investing Activities

Interest Income - -

(Increase)/Decrease in Non-Current Investments (732.000) -

(Increase)/Decrease in Fixed Assets (1.320) (21.110)

Purchases of Assets - -

Proceeds from Sale of Assets - -

Profit/(Loss) On Sale Of Investment - -

Net Cash from Investing Activities (733.320) (21.110)

C. Cash Flow From Financing Activities

Proceeds from Issue of Shares - -

Securities Premium Account - -

Repayment of Borrowings -

Interest income 18.000 5.702

Net Cash used in Financing Activities18.000 5.702

Net Increase/(Decrease) in Cash & Cash Equivalents (A+B+C) (125.270) (184.361)

Opening Balance of Cash & Cash Equivalents130.720 315.083

Closing Balance of Cash & Cash Equivalents5.450 130.722

Silver Pearl Hospitality & Luxury Spaces Limited

Statement of Cash Flow as at 31st March 2025

₹ In Lakhs

Particulars

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CHOUDHARY CHOUDHARY & CO.

CHARTERED ACCOUNTANTS

Head Office: 338, 3rd Floor, V Spaces, V- Mall, Thakur Complex, Kandivali East, Mumbai – 400101

Telephone 91-9594189162, 9137585799, 9137585764;Email :firmccco@gmail.com Website: www.ccco.co.in

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INDEPENDENT AUDITOR’S REPORT

Independent Auditor’s Report on the Annual Audited Financial Results of SILVER PEARL HOSPITALITY & LUXURY

SPACES LTD for the half year and year ended 31st March, 2025 of the Company Pursuant to the Regulation 33 of

the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

To the Board of Directors of SILVER PEARL HOSPITALITY & LUXURY SPACES LTD

Report on the Audit of the Standalone Financial Results

Opinion

We have audited the accompanying standalone annual financial results of SILVER PEARL HOSPITALITY & LUXURY

SPACES LTD (“the Company”) having CIN No U55101WB2011PLC158193 for the year ended 31st March, 2025,

attached Herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI

(Listing Obligations and Disclosure Requirements) Regulations, 2015, As amended (‘Listing Regulations’) including

relevant circulars issued by Securities and Exchange Board of India (SEBI) from time to time.

In our opinion and to the best of our information and according to the explanations given to us these standalone

financial results:

i. Presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

ii. Give a true and fair view in conformity with the recognition and measurement Principles laid down in the

applicable Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act 2013

("the Act") read with relevant rules issued thereunder and other accounting principles generally accepted in

India of the net profit/loss and other Comprehensive income and other financial information for the half year

ended 31st March, 2025 as well as the year to date results for the period from 1st April, 2024 to 31st March,

2025.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the

Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor’s

Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the

Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together

with the ethical requirements that are relevant to our audit of the financial results under the provisions of the

Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in

accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained

is sufficient and appropriate to provide a basis for our opinion.

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CHOUDHARY CHOUDHARY & CO.

CHARTERED ACCOUNTANTS

Head Office: 338, 3rd Floor, V Spaces, V- Mall, Thakur Complex, Kandivali East, Mumbai – 400101

Telephone 91-9594189162, 9137585799, 9137585764;Email :firmccco@gmail.com Website: www.ccco.co.in

Page 2 of 3

Management’s Responsibilities for the Standalone Financial Results

These half yearly as well as year to date financial results have been prepared on the basis of the annual financial

statements. The Company’s Board of Directors are responsible for the preparation of these financial results that

give a true and fair view of the net profit/loss and other comprehensive income and other financial information in

accordance with the recognition and measurement principles laid down in Indian Accounting prescribed under

Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally

accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes

maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the

assets of the Company and for preventing and detecting frauds and other irregularities; selection and application

of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design,

implementation and maintenance of adequate internal financial controls that were operating effectively for

ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation

of the standalone financial results that give a true and fair view and are free from material misstatement, whether

due to fraud or error.

In preparing the standalone financial results, the Board of Directors are responsible for assessing the Company’s

ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the

going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to

cease operations, or has no realistic alternative but to do so.

The Board of Directors is also responsible for overseeing the Company's financial reporting process.

Auditor’s Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are

free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our

opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in

accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from

fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected

to influence the economic decisions of users taken on the basis of these standalone financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional

skepticism throughout the audit. We also:

 Identify and assess the risks of material misstatement of the financial results, whether due to fraud or error,

design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and

appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting

from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional

omissions, misrepresentations, or the override of internal control.

 Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are

appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the

company’s internal controls.

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CHOUDHARY CHOUDHARY & CO.

CHARTERED ACCOUNTANTS

Head Office: 338, 3rd Floor, V Spaces, V- Mall, Thakur Complex, Kandivali East, Mumbai – 400101

Telephone 91-9594189162, 9137585799, 9137585764;Email :firmccco@gmail.com Website: www.ccco.co.in

Page 3 of 3

 Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and

related disclosures made by the Board of Directors.

 Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and,

based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions

that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a

material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures

in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based

on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions

may cause the Company to cease to continue as a going concern.

 Evaluate the overall presentation, structure and content of the standalone financial results, including the

disclosures, and whether the financial results represent the underlying transactions and events in a manner

that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and

timing of the audit and Significant audit findings, including any significant deficiencies in internal control that we

identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical

requirements regarding independence, and to communicate with them all relationships and other matters that

may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matters

The financial results include the results for the half year ended 31.03.2025, being the balancing figures between

the audited figures in respect of the full financial year and the published unaudited year to date figures up to the

half year of the current financial year which were subject to limited review by us.

For Choudhary Choudhary & Co.

Chartered Accountants

Firm Reg. No. 002910C

CA Alok Kumar Mishra

Partner

Membership No. 124184

Place: Mumbai

Date: 27.05.2025

UDIN: 25124184BMIAEE6828

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