TCI Developers Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Jun 2020

Notes:

1.These financial results were reviewed and recommended by the Audit Committee and thereafter approved by the Board of Directors of the Company at their respective meetings held on August 12, 2020. The Statutory Auditors of the Company have carried out the limited review of these financial results.

2.As the Company's main business activities fall within a single primary business segment viz. "Real Estate and Warehousing", the disclosure requirements of Ind AS 108 'Operating Segments' are not applicable.

3.The Company, as at the date of approval of these financial results has considered internal and external sources of information, in assessing the possible effects that may result from the global health pandemic relating to Covid-19 on the carrying amounts of loans, investments, receivables, inventories and other assets. As on the date of approval of these financial results, the Company has concluded that the impact of Covid-19 is not material based on these estimates and expects to recover the carrying amount of these assets. The impact of global health pandemic may be different from the estimated as at the date of approval of these financial results. The Company will continue to monitor any changes to the future economic conditions.

4.The consolidated figures include financials of subsidiary companies and subsidiary partnership firms of the company.

5.Figures of the previous quarters/ periods have been regrouped/ rearranged wherever considered necessary.