TCI Developers Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 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 05th February, 2021. 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 Figures for the quarter ended 31st December 2020 & preceding quarter ended 31st December 2019 are the balancing figures between the unaudited year to date figures for nine months ended 31st December and the unaudited published figures for the Half year ended 30th September of the respective financial years.

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 and nine months ended December 31, 2020. There is no material impact on these financial results for the quarter and nine months ended December 31, 2020 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