TCC Concept Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2018

1. These financial results have been reviewed by the Audit Committee and have been approved by the Board of Directors at their respective meetings held on 29th May, 2018.

2. The above results for the Quarter and Year ended on 31st March, 2018 have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS), prescribed under Section 133 of the Companies Act, 2013, and other recognised accounting practices and policies to the extent applicable. Beginning 1st April 2017, the Company has for the first time adopted Ind AS with a transition date of 1st April 2016. Results for the quarter and year ended on 31st March, 2017 have been presented as per Ind-AS and are not comparable with results published earlier.

3. The format of the above results as prescribed in SEBI's Circular CIR/CFD/CMD/15/2015 dated 30th November, 2015 has been modified to comply with the requirements of SEBI's Circular dated 5th July, 2016, Ind AS and Schedule III [Division II] to the Companies Act, 2013.

4. The figures of the last quarter are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the current financial year.

5. The company has one segment of activity namely "Trading".

6. Figures of previous periods have been regrouped / rearranged wherever necessary including those related to Ind-AS.

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 31st March, 2018. As a matter of prudence, the company has not recognised the said defferred tax asset.

8. The financial results of the company are available at the website of BSE Ltd. at www.bseindia.com and on company's website at www.aaswatrading.in

9. There is no change in net profit or (loss) reported in accordance with Indian GAAP to total comprehensive income in accordance with Ind As for the quarter and year ended 31st March, 2017. Hence no reconciliation is required to be presented.