TARC Limited announced that Infomerics Valuation and Rating Limited has reaffirmed the company's credit rating for its Non-Convertible Debentures (NCDs) on December 22, 2025. The announcement was made pursuant to Regulation 30, 51(2) and 55 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Credit Rating Details

The credit rating agency reaffirmed TARC Limited's rating at IVR BBB- with specific conditions. The rating action has been classified as a reaffirmation, indicating continuity in the agency's assessment of the company's creditworthiness.

Regulatory Compliance

The company communicated this development to both major stock exchanges where its securities are listed. TARC Limited's equity shares trade on BSE Limited under scrip code 543249 and on National Stock Exchange of India Limited under the symbol TARC. The company also has debt securities listed with BSE under scrip code 976606.

Rating Watch Implications

The rating watch under negative implications indicates that while the current rating has been reaffirmed, the credit rating agency is monitoring certain factors that could potentially impact the rating in the future. This status reflects the agency's cautious outlook regarding the company's credit profile.

The official communication was signed by Amit Narayan, Company Secretary, and sent to both stock exchanges on December 22, 2025, ensuring compliance with regulatory disclosure requirements.

TARC Limited announced a significant milestone for its wholly-owned subsidiary, Echo Buildtech Limited. On December 2, 2025, the Municipal Corporation of Delhi (MCD) granted a completion cum occupancy certificate for the luxury residential project TARC Tripundra in New Delhi.

Project Milestone

The completion certificate is a crucial document that signifies the building is fit for occupation, marking an important step in the project's development. This achievement could potentially impact TARC Limited's future financial performance and market position in the real estate sector.

Financial Context

While this news primarily focuses on a regulatory approval, it's worth noting TARC Limited's recent financial position based on its consolidated balance sheet data:

The company has seen significant growth in its asset base, particularly in current assets. However, there's also been a notable increase in current liabilities and a decrease in total equity, which investors may want to monitor.

Implications

The completion of TARC Tripundra could potentially contribute to the company's revenue stream in the coming quarters, depending on the project's size and the company's sales strategy. However, investors should await further details on the project's impact on TARC Limited's financial performance.

As the real estate market continues to evolve, particularly in prime locations like New Delhi, TARC Limited's progress with luxury residential projects like TARC Tripundra may be indicative of its strategic positioning in the market.

Investors and market watchers are advised to keep an eye on TARC Limited's upcoming financial reports to gauge the full impact of this development on the company's performance and market valuation.