TCC Concept Ltd — Important, 12-02-2026: Company Update

TCC Concept Limited's Monitoring Agency, CARE Ratings, has confirmed the full utilization of Rs. 661.47 crore from its preferential issue for the quarter ended December 31, 2025. These funds, raised via a share swap, were exclusively for acquiring 98.81% of Pepperfry Limited's equity shares and Compulsorily Convertible Preference Shares, aligning with the stated objectives. A minor adjustment in the issue size, approximately Rs. 3,905.61, occurred because one Pepperfry shareholder chose not to participate in the share swap. The acquisition of Pepperfry Limited is now successfully completed, marking a significant strategic move for TCC Concept.