TCC Concept Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Jun 2023

1. The Unaudited Standalone Financial Results of TCC Concept Limited for the Quarter ended June 30,
2023 have been prepared in accordance with Indian Accounting Standards as prescribed under
Section 133 of Companies Act,2013 read with Companies Indian Accounting Standard Rules, 2015 and
relevant amendments thereafter.

2. The figures of the previous period have been regrouped/rearranged whenever necessary.

3. The Statutory Auditors of the Company have carried out a "Limited Review" of the above results as
per Regulation 33 of the SEBI [Listing Obligation and Disclosure Requirements] Regulations, 2015.

4. The above Unaudited Standalone Results for the period ended June 30, 2023 have been reviewed by
Audit Committee and approved by the Board of Directors at there meeting held on August 5, 2023.

5. Purusuant to implementation of IND AS reporting framework by the Company and its material
subsidiary and its step down subsidiaries has restated the figures of previous reported quarter.The
Statement includes the results for the quarters ended 30 June 2023 and 31 March 2023 being the
balancing figure except for the impact of IND AS implementation of audited figures in respect of the
full financial years and published unaudited year to date figures upto the end of the third quarter of
the respective financial vears.

6. The format of the above results as prescribed in SEBI's Circular CIR/CFD/CMD/1 5/2015 dated 30th
November, 2015 has been modified to comply with the requirements of SEBI's Circular dated 5th July,
2016, Ind AS and Schedule lll [Division Il] to the Companies Act, 2013.

7. As regards deferred tax as per Ind AS-12 on "Income Taxes'there is a net deferred tax asset for the
past years and for the period up to 30 June 2023. As a matter of prudence, the company has not
recognised the said deferred tax asset.

8. Pursuant to the provisions of the Listing Agreement, the Management has decided to publish
consolidated audited financial results in the newspapers. The standalone audited financial results and
the audit / review reports of the statutory auditors is being filed with Bombay Stock Exchange ("BSE")
and will be made available on the Company's website http://www .aaswatrading.in/.