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TARC Ltd. (The Anant Raj Corporation) started out as a construction and contracting company and evolved to become one of the largest real estate development companies and land bank holders in the New Delhi Metropolitan Area. The company‚Äòs key developments are across verticals like Residential, Hospitality, Commercial and Retail projects.The name of the company has been changed from Anant Raj Global Ltd. to TARC…
TARC Limited has received in-principle approval from BSE Limited for amending the redemption schedule of its non-convertible debentures.
Company's board approved Q1 consolidated net profit of ₹22.65 Cr. It will acquire the remaining 50% stake in Niblic Greens Hospitality for ₹0.55 Cr, making it a wholly-owned subsidiary. Debenture redemption schedule was amended, increasing the final payment tranche by ₹2.47 Cr. New statutory auditors were also approved.
TARC secured an addendum to its RERA registration for the Gurugram 'TARC ISHVA' project. The development area expands to 9.1405 acres from 6.95 acres, enhancing sales potential and expected to positively impact financial performance.
TARC's subsidiary received the Completion cum Occupancy Certificate from MCD for its luxury residential project 'TARC Tripundra'. This important milestone indicates the building is now fit for occupation.
TARC's Board approved a revised Code of Practices for Fair Disclosure of Unpublished Price Sensitive Information. This update aims to strengthen transparency and compliance with insider trading norms, ensuring robust handling of market-sensitive data.