TCI Developers Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Sep 2021

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 22nd October, 2021. The Statutory Auditors of the Company have carried out limited review of these financial results.

2. The financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 and pursuant to regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

3. 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.

4. The Management has exercised due care, in concluding on significant accounting judgements and estimates, inter-alia, recoverability of receivables, assessment for impairment of investments, intangible assets, inventory, based on the information available to date, both internal and external, to the extent relevant, while preparing these financial results as of and for the quarter/Half year ended September 30, 2021. There is no material impact on these financial results for the quarter/Half year ended September 30, 2021 owing to the pandemic.

5. The consolidated figures include financials of subsidiary companies and subsidiary partnership firms of the Company.

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