Tarc Ltd

The Board of TARC has approved the allotment of 40,900 Debentures of face value of Rs 1,00,000 each aggregating to Rs 409 crore on private placement basis to Lidia Opportunities Fund SSA - Scheme I. Powered by Capital Market - Live

According to an exchange filing, the decision was made during a board meeting held on 18 March 2025. The company plans to issue up to 40,900 NCDs with a face value of Rs 1,00,000 each, in one or more tranches. The total aggregate principal amount will be Rs 409 crore. The NCDs will have five-year tenure, with the date of allotment to be determined by the company's Board of directors. The maturity date will be five years from the allotment date, with the NCDs being redeemed upon maturity or as specified in the finance documents. Coupon/interest payments will be made as outlined in the finance documents. Additionally, the NCDs will be secured by a charge on the company's assets, as defined in the finance documents. The NCDs will be listed on the BSE platform. TARC, a leading luxury real estate developer, is focused on delivering high-quality residential projects in Delhi and Gurugram. With a strong financial position and a prime land bank, the company aims to further its expansion in the luxury real estate market. The company reported consolidated net loss of Rs 28.67 crore in Q3 FY25 as against net loss of Rs 33.49 crore recorded in Q3 FY24. Revenue from operations rose marginally to Rs 9.35 crore in Q3 FY25 as compared to Rs 9.30 core reported in Q3 FY24. Powered by Capital Market - Live

TARC will hold a meeting of the Board of Directors of the Company on 18 March 2025.Powered by Capital Market - Live

Net Loss of TARC reported to Rs 28.67 crore in the quarter ended December 2024 as against net loss of Rs 33.49 crore during the previous quarter ended December 2023. Sales rose 0.54% to Rs 9.35 crore in the quarter ended December 2024 as against Rs 9.30 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales9.359.30 1 OPM %-119.5759.57 - PBDT-28.69-26.86 -7 PBT-31.13-28.37 -10 NP-28.67-33.49 14 Powered by Capital Market - Live

TARC announced the appointment of Rita Misra as the company's Chief Human Resources Officer (CHRO). Prior to joining TARC india, Rita's Real Estate experience includes her position as Head HR -North & East at Tata Realty and Head HR (PDS & Emerging Businesses) at JLL, where she has managed large workforces and partnered with the leaders to drive performance and transform businesses. Her earlier career includes significant roles at Aon Hewitt, Genpact, and AOL. She is a merit rank holder from Delhi University.Powered by Capital Market - Live

TARC will hold a meeting of the Board of Directors of the Company on 6 February 2025.Powered by Capital Market - Live

The company's total collections for the first three quarters of the fiscal year is Rs 1371 crore. This robust collection performance further reflects the company's effective sales strategies and strong market demand,' TARC said in a statement. The company attributes this upward rnomenturn to increasing demand in the luxury real estate sector and the successful execution of its business strategies. Offering more information, TARC stated that it has acquired additional land parcel in Gurugram, further strengthening its portfolio and enhancing its potential Gross Development Value. The company's multi-screen cinema and entertainment asset at East Delhi has now become operational, it added. In its outlook, TARC said that the luxury real estate markets in Delhi and Gurugram are well-positioned for high growth. The demand for luxury residences is expected to rise alongside the cities' evolving urban landscapes. TARC, a leading luxury real estate developer, is focused on delivering high-quality residential projects in Delhi and Gurugram. With a strong financial position and a prime land bank, the company aims to further its expansion in the luxury real estate market. On a consolidated basis, the company had reported net loss of Rs 67.35 crore in Q2 September 2024 as against net profit of Rs 1.08 crore in Q2 September 2023. Net sales declined 85.50% YoY to Rs 4.31 crore in Q2 September 2024. The scrip slipped 3.79% to currently trade at Rs 177.85 on the BSE. Powered by Capital Market - Live

Exxaro Tiles Ltd, Universal Autofoundry Ltd, Balaji Telefilms Ltd and Lancor Holdings Ltd are among the other losers in the BSE's 'B' group today, 17 December 2024.TARC Ltd lost 10.00% to Rs 189.55 at 14:30 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 9.19 lakh shares were traded on the counter so far as against the average daily volumes of 40738 shares in the past one month.Exxaro Tiles Ltd tumbled 9.91% to Rs 9.55. The stock was the second biggest loser in 'B' group.On the BSE, 3.59 lakh shares were traded on the counter so far as against the average daily volumes of 89368 shares in the past one month.Universal Autofoundry Ltd crashed 7.22% to Rs 117. The stock was the third biggest loser in 'B' group.On the BSE, 1.17 lakh shares were traded on the counter so far as against the average daily volumes of 44188 shares in the past one month.Balaji Telefilms Ltd corrected 6.73% to Rs 88. The stock was the fourth biggest loser in 'B' group.On the BSE, 1.28 lakh shares were traded on the counter so far as against the average daily volumes of 95807 shares in the past one month.Lancor Holdings Ltd slipped 6.60% to Rs 36.79. The stock was the fifth biggest loser in 'B' group.On the BSE, 61974 shares were traded on the counter so far as against the average daily volumes of 9960 shares in the past one month.Powered by Capital Market - Live

SEBI believes that the disclosure of financial information and business transactions of the company have been dealt with in a manner which may be detrimental to the interest of investors or the securities markets; and or an intermediary or a person associated with the securities market. The company said that it shall provide all necessary information, assistance and cooperation in this regard and shall inform the exchanges of any further developments in the matter. The company stated that this matter will be addressed thoroughly and efficiently, with no impact on financial, operational or other strategic objectives. The company is confident that this will not affect its strong growth trajectory or the long-term value it is committed to deliver to its shareholders. TARC, a leading luxury real estate developer, is focused on delivering high-quality residential projects in Delhi and Gurugram. With a strong financial position and a prime land bank, the company aims to further its expansion in the luxury real estate market. On a consolidated basis, TARC reported net loss of Rs 67.35 crore in Q2 September 2024 as against net profit of Rs 1.08 crore in Q2 September 2023. Net sales declined 85.50% YoY to Rs 4.31 crore in Q2 September 2024.Powered by Capital Market - Live

TARC announced that Infomerics Valuation and Rating has assigned the rating IVR BBB- ; Stable on the proposed issue of non-convertible debentures of the company of Rs 470 crore. Powered by Capital Market - Live