TARC Limited — Others, 13-12-2024: Giving guarantees/indemnity/ becoming a surety for third party

TARC has announced a board meeting to discuss the raising of ₹340 Crore through non-convertible debentures (NCDs) via its wholly owned subsidiaries: Fabulous Builders Limited, Grand Buildtech Limited, TARC Green Retreat Limited, and step-down subsidiary Moon Shine Entertainment Limited. The proceeds will be used to repay existing outstanding NCDs. A corporate guarantee has been executed to support this transaction.

This strategic move may strengthen TARC's financial health by resolving debt obligations, which could lead to a positive outlook among investors, reducing the risk associated with existing NCDs. The transaction reflects proactive management in managing debt and capital structure.