About TARC Limited

TARC Limited is a Delhi-based real estate developer focused on differentiated luxury residential projects and curated urban spaces, with origins in a 2020 demerger from Anant Raj Limited and subsequent consolidation of project entities under the TARC banner. The Company undertakes development of high-end residences and allied real estate activities, supported by in-house capabilities in land aggregation, legal, design coordination, and project execution across the National Capital Region, with no manufacturing plants and registered office at 2nd Floor, C-3, Qutab Institutional Area, New Delhi 110016. Operations are domestic, and the Group structure includes numerous wholly owned subsidiaries and step-down subsidiaries engaged in project holding and execution across Delhi NCR; as at March 31, 2025, the consolidated group lists over 50 subsidiaries including TARC Projects Limited, Green View Buildwell Limited, High Land Meadows Limited, and others. Notable milestones in FY 2024–25 include board and committee strengthening, debt market activity for NCDs, and continuation of technology-led construction and sustainability initiatives across projects.

TARC Limited Business Segment

• Core segment: Real estate development with emphasis on luxury residential developments and curated residences, supported by advanced MEP, selective precast modular construction, and ongoing BIM integration to enhance execution speed, quality, and sustainability compliance.

• Revenue mix disclosure: The Company’s business and revenues are domestically focused in India.
  

TARC Limited Key Management

• Anil Sarin — Chairman, Non-Executive Promoter Director.

• Amar Sarin — Managing Director & CEO.

• Muskaan Sarin — Whole-time Director.

• Ambarish Chatterjee — Non-Executive Independent Director.

• Miyar Ramanath Nayak — Non-Executive Independent Director.

• Jyoti Ghosh — Non-Executive Independent Director.

• Bindu Acharya — Non-Executive Independent Director.

• Rajeev Trehan — Chief Operating Officer (Senior Management).

• Nitin Kumar Goel — Chief Financial Officer.

• Amit Narayan — Company Secretary & Compliance Officer.

Latest Updates on TARC Limited

• Members approved special resolutions on July 22, 2024 authorising: loans/guarantees/investments up to Rs 3,000.00 crore, related-party lending/guarantees up to Rs 3,000.00 crore, private placement of NCDs up to Rs 1,000.00 crore, and pledge/divestment/disposal of investments/assets of material subsidiaries and undertakings.

• Voluntary pre-mature partial redemption by face value reduction of 11,300 listed and 1,910 unlisted NCDs on September 30, 2024; subsequent listing of 40,900 NCDs on April 9, 2025 and delisting of a prior NCD ISIN post redemption on May 23, 2025.

• SEBI appointed a forensic auditor on December 16, 2024 for financial years 2020–21 to 2022–23; BSE imposed and the Company paid a Rs 0.01 crore fine equivalent (Rs 10,000 plus 18% GST) for a delay in record date notice submission under Regulation 60(2).

• Credit ratings: Acuite reaffirmed ACUITE BB with outlook changes during FY 2024–25; Infomerics assigned/reaffirmed IVR BBB- on proposed NCDs with outlook revised to “Rating watch with Negative implications” and amount updated to Rs 409.00 crore on March 24, 2025.

• Technology and sustainability: Expanded LED retrofits, high-efficiency VRV/VRF HVAC, sensor-based systems, rooftop solar and solar utilities; progressed BIM integration and selective precast modular construction to reduce time and waste and improve compliance.