TARC LIMITED — Capital/Financing Update 2021

Sep 6, 2021

TARC LIMITEI)

(f,'ormerly Anant Raj Globat Limited) CIN: L701 00HR2016PLC06561 5 Corporate Oflice: C-3, Qutab Institutional Area, Katwaria Sarai, New Delhi-l10016 Teh 0ll-41244300, 011- 41244344 Email: tarc@tarc.in Website: www.tarc.in

September 06, 2021

To, The General Manager, Deptt of Corporate Services, BSE Limited, P.J. Tower, Dalal Street, Mumbai - 400001 Scrip code; 543249

To, The Vice President, National Stock Exchange of India Limitedo Exchange Plaza, Bandra Kurla Complex, Bandra (E) Mumbai - 400051 Scrip Symbol: TARC

Dear Sirs

Sub: Press Release

Pursuant to the provision of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that we are releasing a press today to the media, a copy of the text is attached herewith.

Thanking you,

Yours faithfully,

For TARC Limited

,t," L i.,,o ,2_

Amit Narayan Company Sec 420094

TARC sells part of its warehousing asset to Blackstone lnc. (BREP) for Rs. 295 crores

New Delhil Mumbai: 6 September, 2021: New Delhi based leading Real Estate Development company TARC Limited today announced the successful completion of the sale of its warehousing asset in North Delhi to BREP Asia ll EIP Holding (NQ) Pte. Limited, an affiliate of funds controlled, managed and/or advised by Blackstone lnc, (BREP) for a total consideration of Rs. 295 crores, in a move which is aligned to TARC'S strategy of maintaining focus on core development projects to unlock much higher value through its strategic and key land parcels in New Delhi.

Mr. Amar Sarin, CEO & MD of TARC limited has said that the company's mantra of creating a high quality asset base, while leading with integrity and transparency, has been rewarded with the confidence and trust placed in TARC by Blackstone lnc. (BREP), an international fund. This is in lin€ with making TARC a debt free company, develop its huge land bank as well as look for new developments in the National Capital Region.

The company plans to use a part of the proceeds to fast track the residential pro.iects, consolidating its strategy to develop higher yielding, future ready projects.

TARC Limited is one of the leading developers and largest land bank holders in the National Capital Region. The Company's razor-sharp focus is to create value through its owned and fully paid up land parcels via building high quality developments that deliver on scale, higher quality of living as well as ensuring higher returns on capital.

TARC leads throuth curating meaningful, high-quality real estate projects, focused on experiential living with its philosophy of creating enduring value, with the core purpose of transforming urban lifestyles. This deal with Blackstone further paves the way for the management to structure and curate a portfolio of marquee developments, with high-quality residential projects.

TARC'S strategic initiative with this big announcement within a few months of being listed as an independent entity is in sync with the focus on enhancing its development projects and is also neBotiating additional similar opportunities with Blackstone lnc. (BREP) & other Global Funds. This has further strengthened its leadership position in the vibrant market of New Delhi & NCR, through this high value transaction.

About TARC

TARC is a leading Real Estate Development company in New Delhi with one of the largest land bank with key land parcels at prime locations in the NCR.

The leadership at TARC has spent the last four decades creating and building multiple projects across New Delhi NCR through its different verticals of residential, hospitality, commercial and retail.

For media queries pls contact: Archisha Gupta l+91 7718890816 | tarc@proseintegrated.com

Afrin Khan | +91 91369 84744 | tarc@proseintegrated.com

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