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TARC Ltd.

BSE: 543249 Sector: Infrastructure
NSE: TARC ISIN Code: INE0EK901012
BSE 00:00 | 08 Aug 36.95 0.15
(0.41%)
OPEN

37.00

HIGH

37.80

LOW

36.80

NSE 00:00 | 08 Aug 36.95
(%)
OPEN

36.55

HIGH

37.70

LOW

36.55

OPEN 37.00
PREVIOUS CLOSE 36.80
VOLUME 50532
52-Week high 60.60
52-Week low 32.50
P/E
Mkt Cap.(Rs cr) 1,090
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 37.00
CLOSE 36.80
VOLUME 50532
52-Week high 60.60
52-Week low 32.50
P/E
Mkt Cap.(Rs cr) 1,090
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

TARC Ltd. (TARC) - Chairman Speech

Company chairman speech

Dear Shareholders

At the outset I thank you for your continuing trust and belief in TARCLimited.

I also take this opportunity to express our gratitude to you forstanding with the Company all through the demerger process that got concluded with thelisting of TARC Limited on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)in December 2020.

TARC Limited is poised to stand up to its legacy of 40 years and focuson corporate strategies where business models are reviewed for alignment with the currentand aggressive synergies are sought to deliver the profitability essentially required.TARC Limited is persistently working on paring its debt which it took over as part of thedemerger development of new projects and sale of its non-core assets.

Your Company is passionate about creating beautiful homes and staystrue to base its culture and capabilities to cater to the fast growing residential segmentof real estate. The foreseeable future promises a great opportunity to makers of qualityhomes that are built with a dedicated approach to provide its clientele with the lifestylethey need in the current and evolving market place. The Company is pursuing majorresidential projects in New Delhi which shall not only provide a great impetus to theCompany's cash flows but shall also chart out sustainable growth for the Company over thenext few years. With this dedicated approach we are well positioned for times ahead. TARCLimited is also vigorously pursuing compensation claims with various land acquisitionagencies to realise the compensation amounts which are likely to be received by yourCompany in the near future.

TARC Limited has successfully completed the sale of a part of itswarehousing assets located in New Delhi to global fund Blackstone Inc. for a totalconsideration of

INR 295 Cr in a move which is aligned with TARC's strategy ofmaintaining focus on core development projects to unlock much higher value through itsstrategic and key land parcels in New Delhi.

TARC Limited is poised for steady continuing growth with the projectsit plans to execute over the next 4 to 5 years at its fully-owned marquee land parcels inNew Delhi from which the top line is expected to exceed INR 5000 Cr. The feedback from theCompany's marketing associates and allied communities for these upcoming projects not onlyendorses the top line numbers it also indicates betterment thereof and assure of anamazing response as upcoming projects are few and far between the municipal limits of NewDelhi and the clientele looking for property purchases in New Delhi far outnumber theavailability.

Your Company has been focusing on the safety of its human capitalsecuring the tenability of the ecosystem and being mindful of the health of the businessthrough realignment shifts and policy changes.

Notwithstanding the extraordinary circumstances and the environmentduring the past year we ended it with promising increased revenues. Your Company'smanagement strategies delivered good results even in the prevailing exceptionalcircumstances due to the relentless zeal to establish seamless working post the demergeror the global pandemic and its aftermath; we managed the volatility successfully.

TARC Limited during the year broad based its team to ensure that theactivities of the Company get the required focus on all nuances of business be it financeand accounts or sales and marketing or creativity and design amongst other functions.

TARC Limited caters to the market which majorly constitutes the youthsegment and is driven by a large number of professionals who are constituents of thissegment of the society. The Company banks on the capabilities of its young members whopossess new skills and promote innovation and resilience. The practical skills newcompetences confidence and positive attitude of the team are thus responsive to neweconomic opportunities and active engagement. This aspect of our young human capital isearnestly garnered at TARC Limited.

At TARC Limited we are sensitive to Environmental Social andGovernance (ESG) impact and are accountable for compliance with government regulations andstandards everywhere we conduct our business. Whether it calls for using energyefficiently or using renewable energies that are less polluting and contribute less toclimate change or managing waste responsibly we contribute responsibly in all suchspheres. We take care to avoid relationships and business dealings that might compromiseour values and integrity. Moreover our employees uphold the highest ethical conduct intheir responsibilities.

I conclude by expressing my deepest appreciation to all TARC colleaguesand their families for their inspiring contribution.

I thank all of you for your continuing trust and confidence andpartaking in contributing to our buoyant performance in these trying times. I wish goodhealth and well-being for all and urge everyone to stay safe.

Best regards

Anil Sarin Chairman

.