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3P Land Holdings Clarifies Financial Results Format Discrepancies

3P Land Holdings Limited

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January 19, 2026, 06:23 AM

3P Land Holdings Limited clarified to NSE that its financial results submitted on Oct 25, 2025, adhere to the prescribed format for NBFCs under Schedule III, Division III, and Ind AS. Standalone and consolidated figures are identical as the company has no subsidiaries and recognizes its associate's losses within investment limits.

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3P Land Holdings Limited has provided clarifications to the National Stock Exchange of India (NSE) regarding deficiencies observed in their financial results submitted on October 25, 2025. The company addressed concerns about the financial results not being in the prescribed format under Schedule III of the Companies Act, 2013, or Indian Accounting Standard (Ind AS).

In response, 3P Land Holdings stated that they have submitted their financial results in the format prescribed under Schedule III, Division III, specifically for Non-Banking Financial Companies (NBFCs) following Ind AS. They explained that the standalone and consolidated figures appear the same because the company has no subsidiaries. It has one associate company which incurred a loss, recognized in the consolidated financials using the equity method as per Ind AS 28. The recognition of the associate's share of loss has been restricted to the extent of the company's investment in the associate, and further losses beyond this point are not being recognized. The company believes these clarifications address the matter raised by the exchange.

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