Restricted Net Assets

12 Months Ended

Dec. 31, 2022

Text Block [Abstract]

Restricted Net Assets

31 RESTRICTED NET ASSETS

Some of TDCX’s consolidated subsidiaries have certain restrictions on their ability to pay dividends or make intercompany loans and advances pursuant to the following legal restrictions and financing arrangements:

(1) PRC legal restrictions permit payments of dividends by TDCX’s PRC subsidiaries only out of their retained earnings, if any, determined in accordance with PRC regulations.

(2) Other legal restrictions for the subsidiaries in PRC and Thailand for the distribution of dividend. Refer to Note 30 (b) for further details.

(3) Refer to Note 17 for the bank loan covenants for the restrictions.

The balance of restricted net assets TDCX’s consolidated subsidiaries held was less than 25% of its consolidated net assets as of December 31, 2021 and December 31, 2022.