TCC Concept Ltd Management Discussions

Economic Overview

Global Economy1

In CY 2024 the global economy grew at 3.3%, driven by moderating inflation, technological advancements and structural economic realignments across regions. This growth was achieved despite a challenging macroeconomic environment marked by geopolitical tensions and supply chain disruptions. Inflationary pressures are gradually easing, with global inflation declining from 6.6 % in CY 2023 to 5.7% in CY 2024. Emerging Market and Developing Economies (EMDEs) outperformed advanced economies, recording a growth of 4.3%, compared to 1.8% in developed regions. The divergence in performance was underpinned by proactive monetary policies adopted by central banks across the world. The easing inflation led to moderation in price levels helping restore consumer confidence and accelerating economic activity.

Outlook

The global economy is projected to experience modest growth, with forecasts of 2.8% in CY 2025 and 3.0% in CY 2026, supported by accommodative monetary policies aimed at stabilising prices and boosting employment. However, escalating trade tensions, particularly due to reciprocal tariffs imposed by the US, are disrupting global supply chains and dampening investment sentiment. Despite this, EMDEs are expected to grow at 3.7% in CY 2025 and 3.9% in CY 2026, continuing to outperform advanced economies, which are expected to expand at 1.4% in CY 2025 and 1.5% in CY 2026. Asia remains a key driver of global economic momentum, with its dynamic markets and expanding consumer base. Meanwhile, global inflation is expected to continue its downward trajectory, easing further to 4.3% in CY 2025 and 3.6% in CY 2026.

Indias Economy

In FY 2025, the Indian economy grew at a strong 6.5%, despite global economic headwinds and ongoing geopolitical tensions. One of the major drivers of the growth was the Government of Indias focused initiatives aimed at accelerating economic activity through large-scale infrastructure development. The Union Budget allocated 11.21 lakh crore towards capital expenditure, with a specific focus on improving rural connectivity and infrastructure, contributing to a sustained economic momentum.2 This substantial capital infusion was achieved while maintaining fiscal discipline, keeping the fiscal deficit contained at 4.4% of GDP. Prudent fiscal management provided the government with greater flexibility to increase public spending and stimulate domestic demand without compromising macroeconomic stability. The focus on infrastructure development boosted employment and had a multiplier effect across various sectors of the economy. Additionally, softening prices boosted consumer confidence, leading to increased consumption in both in urban and rural India. The easing inflationary pressure has further prompted the

Reserve Bank of India (RBI) to infuse 1.5 trillion into the banking system to further stimulate economic activity.

Outlook

Looking ahead, the Indian economy is likely to continue its growth trajectory, with GDP expected to expand by 6.5% in FY 2026, driven by supportive government policies and accommodative monetary measures. Amongst these is the recent income tax revision exempting salaried employees earning up to 12.75 lakh annually, which is likely to improve consumption.3 Supporting this, the RBI has lowered the repo rate by 25 basis points by way of successive reductions to infuse liquidity and sustain growth. While the imposition of the US tariffs could present a short-term hurdle, ongoing bilateral negotiations offer optimism for stronger trade ties, potentially elevating Indias standing among the worlds trading partners. With these supportive measures in place, India is poised for long-term growth and an increasingly prominent role in the global economy.

GDP Growth Trend in India (in %)

Industry Overview

Indias Commercial Real Estate Industry

Indias commercial real estate market witnessed a strong growth, reaching a valuation of USD 49.80 billion, driven by rapid urbanisation, increased foreign investments and rising demand from sectors like IT, BFSI and startups. A major trend during the year was the shift towards flexible workspaces, witRs. 12.4 million square feet leased across key cities such as Bengaluru and Mumbai, showcasing the rising preference for coworking and managed offices.

At the same time, the warehousing and logistics segment expanded significantly, propelled by the boom in e-commerce and manufacturing, alongside government initiatives such as GST and the National Logistics Policy, which enhanced supply chain efficiency. The sector also saw increasing adoption of green and sustainable building practices, with India retaining its third-place global ranking for LEED-certified projects in 2024. Supported by regulatory reforms, infrastructure upgrades and evolving occupier needs, the commercial real estate sector is well-positioned for sustained growth.

India Commercial Real Estate Market Forecast (In USD Billion) Size, By Type, 2024-2033 (USD Billion)

Opportunities and Challenges

Opportunities

Rise of Technology-Driven Workspaces

The commercial real estate landscape is evolving with the integration of AI and smart energy management systems. As tenants and investors increasingly prefer intelligent and sustainable infrastructure, companies offering tech-enabled, data-driven commercial spaces are well-positioned to capture growing demand.

Flexible Workspaces and Hybrid Models

The demand for flexible and co-working spaces is set to rise, driven by businesses adopting hybrid work models. Companies providing adaptable office solutions can capture a growing segment of startups, SMEs and large enterprises seeking agility and cost efficiency.

Urbanization and Infrastructure-Driven Growth

Rapid urban expansion, along with government-backed programs such as the Smart Cities Mission and Make in India, is driving the need for modern commercial assets in both Tier-I and Tier-II cities. There is a strong demand for office, retail and industrial/logistics development projects across the sectors.

Increased FDI and Institutional Participation

Increased transparency, regulatory reforms such as RERA, GST and the sectors economic importance are attracting institutional and foreign investments, offering opportunities for partnerships, joint ventures and capital inflows.

Urban Rejuvenation and Infrastructure Boost:

The Union Budget prioritises urban transformation, launching the Urban Challenge Fund and significant allocations for infrastructure, connectivity and city redevelopment. These initiatives are designed to create new commercial hubs, modernise existing business districts and drive demand for sustainable, tech-enabled commercial spaces.

Challenges

Regulatory and Approval Delays

Complex and time-consuming regulatory processes, especially in metro cities, can delay project approvals and increase costs. Navigating the intricate legal environment requires expertise and resources.

Rising Construction and Operational Costs

Construction costs have been rising, driven by increases in material, labour and compliance costs. These pressures can impact project viability and profitability, particularly for large-scale or innovative developments.

Market Volatility and Vacancy Risks

While demand for smart and flexible spaces is growing, developers still face market volatility and high vacancy risks in some regions. Economic slowdowns, shifts in work models, or geopolitical disruptions can reduce occupancy levels, especially in tech-enabled and hybrid office formats, impacting returns on ongoing projects

Market Saturation in Tier-I Cities

Intense competition and high land costs in major metros may limit margins, pushing developers to explore secondary and tertiary markets.

Data center Industry

Indias data center industry is in the midst of a rapid growth phase, fuelled by surging demand for cloud computing, artificial intelligence (AI) and digital transformation across sectors. In FY 2024-2025, India further strengthened its position as one of Asia Pacifics leading data center markets, supported by its standing as the worlds fourth-largest economy and a policy environment that actively promotes digitalisation. Significant investments are flowing into the sector from both domestic and international players, with hyperscale and colocation data centers expanding aggressively across key metros such as Mumbai, Chennai, Hyderabad and Delhi NCR.

Several factors are driving this growth: a massive and youthful population, explosive growth in internet and mobile penetration and strong government initiatives like Digital India and data localisation mandates. According to the Asia Pacific Data Center Investment Landscape report (June 2025), India is projected to see a 193% increase in data center MW capacity between 2025 and 2030, among the highest growth rates in the region. This expansion is further supported by a forecasted 45% rise in GDP over the same period, reflecting the strong correlation between economic expansion and the development of ICT infrastructure. Despite these strong tailwinds, the sector does face certain challenges, including power availability, rising construction costs and the need for AI-ready infrastructure. However, these hurdles are being actively addressed through supportive policies, increased adoption of renewable energy and the entry of global hyperscale operators. Yields on data center investments in India remain attractive, backed by solid demand and resilient returns, which continue to draw institutional capital and establish data centers as a core investment-grade asset class.

The sector is poised to maintain strong double-digit growth, supported by ongoing capacity expansion, new market entrants and increased adoption of advanced technologies such as AI. The accelerating digital transformation of enterprises, alongside the rollout of 5G and edge computing, is expected to further fuel demand for data center services. With continued policy support and growing investor interest, India is well on track to become a major regional data center hub, attracting both hyperscale and colocation investments. Going forward, attention will increasingly turn towards Tier II cities, green data centers and operational efficiency, helping to secure the sectors long-term resilience and competitiveness within the global digital infrastructure landscape.

Growth Drivers for Data Center Industry

Growth Drivers	Description
Artificial Intelligence (AI) Demand	Surging demand for AI workloads is driving exponential growth in data center capacity, with AI expected to constitute a significant share of total demand by 2030.
Cloud Computing Adoption	Businesses rapidly adopting cloud-first strategies are leading to a major surge in data center development. As more companies move to cloud platforms, global spending on data center infrastructure is rising significantly.
Hyperscale Expansion	Major cloud and tech companies are rapidly expanding hyperscale data centers, with global facilities surpassing 1,000 and double-digit capacity growth in key markets.
Digital Transformation Initiatives	Businesses across sectors are accelerating digital adoption through AI, automation and cloud technologies, driving demand for secure, scalable data centers to manage and protect growing data volumes.
Regulatory and Financial Stimulus	Governments are providing regulatory support and financial incentives to boost local data center capacity and reduce reliance on foreign infrastructure, especially in fast- growing markets like India and Southeast Asia.
Data Sovereignty and Localization Policies	Stringent data localization and privacy regulations are prompting investments in domestic data centers to comply with legal requirements.
Energy Efficiency and Sustainability Initiatives	Growing emphasis on green energy, efficient cooling and sustainable operations is shaping new data center investments and upgrades.
Rising Digital Services Penetration	Increased consumption of digital services such as streaming, fintech and e-commerce is boosting demand for robust data center infrastructure.

Indian PropTech Industry

The Indian PropTech market is now recognised as one of the most dynamic and fast-growing technology-driven industries, supported by large-scale digital adoption, government reforms, and a trillion-dollar real estate opportunity. Regional distribution shows Mumbai, Delhi NCR, and Bangalore together accounting for 66.5% of Indias PropTech market, underlining their dominance in this space.

Artificial Intelligence integration is transforming Indian PropTech through predictive analytics, automated property valuations, and personalised recommendations. At the same time, the adoption of Internet of Things (IoT) in smart homes is accelerating, with leading developers incorporating features such as smart lighting, climate control, and security systems into new projects. The industry can broadly be divided into residential and commercial real estate. With rising internet penetration and increasing digitisation, PropTech and its sub-segments hold significant potential to support the growth of the real estate sector.

In2024,theIndianPropTechmarketreachedasizeofUSD1.2billion and is projected to grow at a CAGR of 16.95% during 2025–2031. 4 In the years ahead, it is expected to witness substantial expansion, driven by Indias unique market dynamics, which include 970 million internet users, 1.1 billion smartphone connections, and supportive government initiatives such as Digital India and the implementation of RERA. Further growth will also be enabled by innovation in areas such as virtual reality-based property displays, AI-led valuations, and sustainable building technologies.

Opportunity and Challenges

Opportunity

Technology integration

The adoption of advanced technologies is emerging as a key growthdriverfortheIndianPropTechindustry.Itsapplications include automated property valuations, predictive market analysis, personalised property recommendations, and chatbot-supported customer service, enhancing efficiency and customer engagement across the sector.

Urbanisation

Increased urbanisation along with Indian Governments programmes such as Pradhan Mantri Awas Yojana (PMAY) are driving strong demand for affordable housing, creating growth opportunities for PropTech solutions in project management, buyer financing and property allocation.

Smart homes and IoT enabled infrastructure

The growing preference for smart homes and IoT-enabled real estate is driving change in Indias PropTech sector.

Company Overview

TCC Concept Limited is a technology-driven Company operating within the commercial real estate sector, offering innovative services such as commercial space aggregation, AI-powered sales funnel optimisation and tailored enterprise solutions. Its diverse portfolio includes ventures like Brantford India for property aggregation, AltRr for AI-based real estate platforms and NES Data for eco-friendly data centers. The Company is committed to equipping businesses with scalable digital infrastructure,

Developers and homebuyers are increasingly seeking intelligent automation solutions that enhance energy management, security, and everyday convenience.

Challenges

Digital Literacy Gap

A significant challenge in the Indian PropTech industry is the gap in digital literacy, which is particularly pronounced in Tier-II and Tier-III cities where traditional broker networks continue to dominate. In these semi-urban areas, a large portion of real estate transactions still rely on trust-based, offline relationships rather than digital platforms

Market fragmentation

The Indian real estate sector is highly fragmented, with numerous local operators, varying state regulations and dispersed data sources, which makes it challenging for the operations of the Company

strategic advisory and comprehensive end-to-end support. Also, the Company offers customised asset hiring solutions to meet the specific requirements of property owners and investors.

The Company has built synergies across its verticals, creating an integrated ecosystem where real estate, digital infrastructure, and intelligent software work together seamlessly. Its business model and product portfolio are designed to withstand unpredictable macroeconomic conditions. This enables TCC to remain competitive and well positioned to capture growth opportunities within the industry.

Our Ventures

Real Estate & Property Solutions

The vertical has maintained momentum, supported by sustained demand for hybrid and flexible workspaces as clients increasingly prefer agile models with reduced long-term commitments. TCC Concept Ltd has positioned itself as a trusted partner by delivering efficiency, transparency, and digital integration in property management and transactions. Further, the Company leverages its robust digital backbone and data-driven model to respond to evolving trends such as remote work and hybrid office demands. TCCs near-term focus is on enhancing client value through advanced analytics, personalised offerings, and partnerships with developers and technology providers, while its long-term goal is to expand into new asset classes and geographies, supported by an ecosystem of service partners. With investments in AI enabling predictive demand modelling, and automated project management, and with hybrid work expected to accelerate demand for flexible spaces, the integration of digital property discovery, and predictive workspace analytics will drive the next phase of growth.

Leasing & Rental Services

This segment remains a cornerstone of stability, catering to companies that prioritise operational flexibility. It enables clients to conserve capital while accessing critical infrastructure and equipment, with consistent demand driven by enterprises adopting leaner operating models. As the asset-light economy deepens, organisations are increasingly seeking on-demand access to infrastructure. To capture this opportunity, the vertical, Brantford Limited will expand into specialised, technology-enabled leasing models and explore integration with digital platforms to deliver seamless client experiences.

Technology & Software Solutions

Technology has become central to the Groups value creation. Adoption has been strong among clients seeking efficiency and security, and the Company continues to gain traction as enterprises modernise their operations. Building on this momentum, AltRR Software Services Limited, through its brand TryThat.Ai, has become integral to the digitisation and modernisation of real estate functions, offering platforms that enhance security, compliance, and agile operations amid rising demand for AI-guided decision-making, frictionless onboarding, and advanced user verification systems. Looking ahead, AltRR will leverage machine learning and IoT advancements to extend its offerings beyond real estate into allied areas such as smart city development, intelligent asset tracking, and predictive building maintenance. Future growth will be driven by embedding AI, machine learning, and automation into enterprise systems, diversifying into sectors like healthcare, logistics, and retail. With open-platform frameworks enabling interoperability, expansion into international markets, and tailored solutions for specialised needs such as large-scale public infrastructure and multi-tenant commercial zones, AltRR remains focused on privacy, compliance, and user trust.

Data & Infrastructure Services

This vertical has grown in importance as enterprises prioritise secure, scalable, and cloud-ready infrastructure. With data emerging as a critical asset, clients rely on TCCs solutions for storage, access, analytics, and business continuity. The vertical supports both internal group operations and external clients, playing a central role in TCCs ecosystem, strengthening its role in enabling digital transformation. Within this, NES Data operates at a pivotal moment for digital infrastructure, meeting rising demand for secure, scalable, and energy-efficient environments. Its operations are marked by enterprise partnerships, modular centre deployments, and a strong emphasis on green practices. Looking ahead, NES Datas vision is anchored in sustainability and hyper-connectivity, focusing on edge computing, real-time analytics, and data sovereignty. The company is also investing in automation, intelligent facility management, and renewable energy integration while expanding into underrepresented markets and driving innovation through research and alliances. Complementing this, NES Data holds a critical position in the data value chain, providing secure, high-performance, and adaptable storage. With the rise of data-intensive applications and increasing cyber risks, it is enhancing automation, self-healing architectures, and predictive monitoring. Its future priorities include holistic data lifecycle management, AI-driven optimisation, quantum-resistant security, and hybrid cloud solutions tailored to industry needs. Together, NES Data and NES Data positions the vertical to play an enabling role in the rise of AI, IoT, and advanced analytics, as TCC continues to invest in secure, scalable, and future-ready infrastructure systems.

Human Capital: Driving Business Excellence

TCC Limited continued to strengthen its human capital as a strategic pillar driving growth, innovation and operational excellence. Our people agenda during the year was anchored on building a future-ready workforce, advancing organizational agility and enhancing the overall employee value proposition.

As of March31, 2025, on group level, the total workforce stood at 59 employees, representing the Groups most valuable asset and the foundation of sustainable business excellence.

Talent Acquisition & Workforce Diversity

Our talent acquisition strategy is rooted in meritocracy, agility and inclusivity. By adopting a bias-free hiring framework, we ensure that opportunities remain accessible to all, regardless of age, gender, background or orientation. This approach fosters dignity, fairness and equal opportunity while enabling us to attract competent talent aligned with our values.

Our hiring during the year focused on building future-ready skills, ensuring that we continue to serve evolving client expectations with agility and precision. Talent Acquisition efforts were made on strengthening workforce planning, deploying data-driven hiring strategies and leveraging digital platforms to attract competent talent across functions. Emphasis was placed on employer branding and creating a seamless candidate experience.

Capability Development

Learning & Development remained a core enabler of capability building. We view continuous learning as a strategic enabler for both individual and organizational growth. In FY 2024-2025, our L&D initiatives were designed around enhancing technical capabilities, leadership acumen and behavioural competencies. Key initiatives included:

A structured functional onboarding program to accelerate new-hire integration.

Role-based learning modules focusing on business communication, customer centricity, and leadership readiness.

Empower Connect sessions to build cross-functional collaboration and business context.

Access to Learning courses, reinforcing self-paced development.

Leadership networking events and workshops to stay apprised with industry best practices.

Employee Engagement

At TCC Limited, we believe engaged employees form the backbone of a high-performance culture. Throughout FY 24- 25, we curated comprehensive employee experience initiatives to strengthen belonging, collaboration, and recognition. To reinforce a connected and engaged workforce, we continued to drive various initiatives such as:

Wellness programs and awareness campaigns, supporting holistic physical, mental and financial well-being.

Festive celebrations and cultural events, strengthening bonds across teams.

Recognition programs designed to celebrate excellence and reinforce positive behaviours.

Strengthening People, Policies and Performance

The rollout of a structured Performance Management System (PMS) on a digital platform, complemented by goal sheets, fostered a culture of accountability, transparency and outcome-driven performance.

Progressive HR policies were reinforced to support inclusivity, wellbeing, and governance. Key initiatives included strengthening our Diversity, Equity & Inclusion (DEI) framework, intensifying awareness on the Prevention of Sexual Harassment (POSH) and embedding structured grievance redressal mechanisms.

Employees continued to benefit from comprehensive Rewards offerings, encompassing compensation, insurance, statutory retirement benefits, and development opportunities, thereby strengthening retention and employee engagement.

Culture Development

Culture remains our strategic differentiator. We nurtured a values-driven culture anchored on customer centricity, humility, trustworthiness, efficiency, and accountability. Continuous listening through pulse surveys- "Your voice matters ", open forums and one-on-one connects allowed employees to voice perspectives and shape workplace practices. Through these initiatives, the Company remained steadfast in cultivating a high-performance, purpose-driven and inclusive culture, empowering its workforce to consistently deliver exceptional value and experiences to customer while driving long-term business outcomes.

Financial Performance

Particulars	Ratios for FY2024-25	Ratios for FY2023-24	Ratios for FY2022-23	% Variance	Remark for change of 25% or more as compared to previous financial year
Trade receivables turnover ratio	3.33	6.05	1.77	-45%	The trade receivables turnover ratio moderated as receivables expanded in line with business growth.
					This reflects the Companys ability to support higher customer demand while maintaining efficient collections.
Trade payables turnover ratio	12.33	5.07	63.03	143%	The trade payables turnover ratio improved owing to optimized management of service and operating costs, along with stronger supplier relationships that supported more efficient working capital deployment.
Inventory Turnover Ratio	NA	NA	NA	NA	Not applicable as the Company does not maintain inventories in its normal course of business.
Interest coverage Ratio	31.23	60.90	NA	-49%	The interest coverage ratio adjusted due to an increase in finance costs, reflecting the Companys strategic investments in growth opportunities.
					Despite this, coverage remains at a comfortable level.
Current Ratio	3.64	2.25	6.45	62%	The current ratio increased due to a significant rise in current assets, while current liabilities grew at a much slower pace.
Return on Equity	0.09	0.21	0.65	-56%	The movement in return on equity is primarily attributable to a substantial increase in shareholders equity driven by fresh capital infusion at a premium. This strengthens the Companys long-term capital base and positions it well for sustained growth.
Return on Capital Employed (ROCE)	0.08	0.14	0.43	-44%	ROCE moderated due to the increase in shareholders equity outpacing earnings growth.
					However, this reflects the strengthening of the capital structure through fresh infusion of premium reserves, laying a foundation for enhanced future returns.
Debt to Equity Ratio	0.01	0.02	0.00	-38%	The decline in the debt-to-equity ratio highlights the Companys strong balance sheet, with equity growth significantly outpacing borrowings, resulting in a more resilient capital structure.
Net Profit Ratio	0.51	0.26	0.68	93%	The net profit ratio improved significantly due to operational efficiencies, effective cost management, and consistent revenue growth, underscoring the Companys focus on profitability.
EBITDA Margin	0.72	0.43	0.88	67%	The EBITDA margin strengthened on the back of robust revenue growth coupled with prudent control over key operating expenses, reflecting enhanced operating efficiency.
Shareholders equity					Shareholders equity increased substantially during the year, mainly on account of a rise in securities premium from the issuance of shares at a premium. This reflects investor confidence and provides a stronger base for future expansion.

The Return on Net Worth for FY 2024–25 stood at 0.06, reflecting a decline from 0.11 in FY 2023–24. This decrease is primarily due to a higher growth in shareholders equity relative to the increase in net profit. The increase in shareholders equity during the year is primarily attributable to a rise in securities premium, which resulted from the issuance of shares at a premium in exchange for investment.

Disclosure of Accounting Treatment

The financial statements have been prepared in accordance with Indian Accounting Standards ("IndAS") as per the Companies (Indian Accounting Standards) Rules, 2015 as amended and notified under section 133 of the Act and other relevant provisions of the Act.

Risk and Concerns

Risk	Risk Particular	Mitigation Strategy
Market Volatility Risk	The Company is exposed to fluctuations in demand in the real estate and data centre sectors, which may arise from broader economic downturns or changes in government policies.	The Company mitigates market volatility risk through a diversified product portfolio, prudent financial management and continuous monitoring of market trends to align with evolving demand.
Regulatory Compliance Risk	The regulatory framework governing real estate and data centres continues to evolve, particularly in the areas of data localisation and urban development norms. Such complexities may result in project delays or higher compliance requirements.	The Company manages regulatory compliance risk through dedicated compliance teams, regular interaction with regulators and adherence to established governance practices, ensuring alignment with changes in the regulatory environment.
Technology Obsolescence	Rapid developments in AI, data analytics and digital infrastructure may make existing platforms less competitive if they are not continuously upgraded or adapted.	The Company mitigates technology obsolescence risk through continuous investment in innovation, periodic upgrades, and partnerships with leading technology providers, ensuring that advanced technologies are embedded within its operations.
Infrastructure Development Delays	Delays in large-scale data centre projects may arise due to issues such as land acquisition, supply chain disruptions or labour shortages, which could impact project schedules and costs.	The Company mitigates the risk of infrastructure development delays through strong project management practices, diversified sourcing and effective stakeholder engagement, which support the timely execution of projects.
Cybersecurity & Data Breach Risk	The Companys digital platforms and data centre operations remain vulnerable to cyberattacks, data breaches or service disruptions, which could interrupt operations and affect client confidence.	The Company addresses cybersecurity and data breach risks through a robust framework that includes advanced monitoring, periodic audits, employee training and adherence to global standards.

Business Outlook

Looking ahead, TCC envisions itself as not merely a market leader but a transformative force setting new benchmarks in sustainable practices, digital enablement, and customer-centric solutions. It is well-positioned for long-term growth, leveraging the strengths of its subsidiaries—ALTRR and NSE data to drive innovation across multiple sectors. The Company is embedding artificial intelligence, automation and renewable energy integration across all business lines, with the aim of achieving operational excellence while maintaining environmental responsibility. This strategic focus has translated into strong financial performance, with notable improvements in revenue and profitability, showcasing its solid presence in the market. Also, The organizations focus to continuous talent development, global expansion, and cross-vertical innovation will secure its position as a thought leader and driver of next-generation business ecosystems.

Indias commercial real estate sector continues to witness robust growth, especially in the demand for flexible workspaces and AI-driven property services. Through its subsidiary Brantford Limited, TCC Concept plays a pivotal role in this evolving landscape by providing tech-enabled aggregation solutions that simplify property listings, evaluations, and transactions. This positions the Company to capitalise on the ongoing transformation of the real estate market and reinforces its long-term sustainability.

TryThat.ai, a flagship product of ALTRR continues to advance AI innovation within the real estate sector. It offers intelligent tools such as lead generation, B2B database access, and real-time analytics that empower businesses to make smarter decisions, strengthen engagement, and operate more efficiently. These offerings reflect TCC Concepts commitment to delivering customer-centric, data-driven solutions.

Backed by a skilled team of industry professionals, TCC Concept remains forward-looking, with a strong emphasis on continuous innovation and customer satisfaction. Its ability to stay agile amidst changing market dynamics while developing future-ready solutions ensures that the Company remains competitive and relevant. This approach not only drives sustained value creation but also strengthens its leadership position in technology-led transformation.

Strategic imperatives guiding TCCs outlook

Innovation – embedding advanced technology into every vertical to strengthen competitiveness.

Integration – leveraging synergies across real estate, leasing, technology, and data to offer comprehensive solutions.

Sustainability – enabling clients to operate in cost-efficient, resource-conscious, and flexible ways.

Internal Control

The internal financial controls for all the significant and material processes have been identified based on the risk evaluation in the business process and same have been implemented in the business processes. These processes and controls have now been documented. The Audit Committee of the Board reviews the internal audit reports, adequacy of internal controls and risk management framework periodically. These systems provide reasonable assurance that our internal financial controls are designed effectively and are operating as intended.

Cautionary Statement

This management discussion and analysis contains forward-looking statements that reflect the Companys current views with respect to future events and financial performance. The actual results may differ materially from those anticipated in the forward-looking statements as a result of many factors.