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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1. The above consolidated financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on 19th January 2022. The results for the quarter and nine months ended 31 December 2021 have been subjected to limited review by the Statutory Auditors of the Company.      2.   The above consolidated financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 - Interim Financial Reporting, notified under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.      3.   Profit on sale of equity shares earned during the quarter and nine months is as under:                                                                                       (Rs.in crores)                                                   31-Dec-21 31-Dec-20   Quarter ended                                      177.96 45.16   Nine Months ended                                      330.39 155.72   Year ended March 2021                                  209.69      The above represents  the pre-tax profit  on  sale  of  equity  investments  (i.e  sales  consideration  less acquisition cost) out  of  the investment portfolio  of the Company designated  at Fair  Value  Through Other Comprehensive  Income(FVTOCI),  which  have been transferred from FVTOCI  Reserves to Retained Earnings in Other Equity on derecognition.      4.   The consolidated results are prepared in accordance with the principles set out in Indian Accounting Standard 110 'Consolidated Financial statements' and Indian Accounting Standard 28 'Investments in Associates and Joint Ventures' in Consolidated Financial Statements.      5. The Company is a Systemically Important Non  Banking Financial Company engaged in investment activities. Accordingly, there are no separate reporting segments as in Ind AS 108  Operating Segment.      6.   Previous periods' figures have been regrouped / recomputed, wherever necessary.                                                                                                                Tata Investment Corporation Limited                                                                                                                                  ( Noel N. Tata  )                                                                                                                                Chairman   Mumbai, 19th January,  2022                                                                           DIN 00024713</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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