TARC Limited — Board Meeting, 20-11-2024: Outcome of Board Meeting

The Board of Directors of TARC Limited has approved a change in the terms and conditions for the existing non-convertible debentures (NCDs), including provisions for their premature full redemption. Additionally, the company will replace the current NCDs by issuing a new series on a private placement basis, with an aggregate principal amount of up to ₹470 Crore. This strategic move aims to optimize the board's funding and financial structure. All activities reflect ongoing efforts to enhance the company's performance and shareholder value.