Financial Analyst Summary: 3P Land Holdings Limited NSE Response
Nature of Query and Response Date
3P Land Holdings Limited responded to the National Stock Exchange of India Limited on June 11, 2026, regarding deficiencies observed in the financial results submitted by the company on May 16, 2026. The exchange's query was communicated via email dated June 11, 2026.
Company's Clarification on Financial Results Format
The exchange raised a specific concern regarding the financial results format and identical figures in both standalone and consolidated financial results. The company provided the following detailed clarification:
| Query Reference | Company Response |
| Financial results submitted is not as per format prescribed under Schedule III of the Companies Act, 2013 or as per Indian Accounting Standard - Same figures mentioned in both standalone and consolidated financial results. | The company has submitted the financial results in the format prescribed under Schedule III, Division III (For NBFCs following Ind AS). The Company does not have any subsidiary Company and has one associate company. The associate company has incurred a loss which is recognized in consolidated financials using equity method as per Ind AS 28. Recognition of share of loss from the associate is restricted to the extent of Company's interest in the associate (i.e., amount of its investment of equity in nature) and discontinued recognizing its share of further losses. In view of this, Standalone and Consolidated numbers are same. |
Regulatory Compliance Reference
The company's response implicitly addresses compliance with SEBI listing obligations through its formal communication with the National Stock Exchange. The correspondence represents the company's fulfillment of its disclosure obligations in response to exchange queries.
Details of Financial Results Clarification
The core clarification explains that identical standalone and consolidated figures result from specific accounting treatment:
- The company has no subsidiaries but one associate company
- The associate company has incurred losses
- Loss recognition follows Ind AS 28 (Equity Method)
- Share of loss recognition is restricted to the extent of the company's equity investment
- Further losses beyond the investment amount are not recognized
- This accounting treatment results in identical figures for standalone and consolidated financial results