TARC LIMITE,I)

@ormerly Anant Raj Global Limited) CIN: L701 00HR201 6PLC06561 5 Corporate Office: C-3, Qutab Institutional Area, Katwaria Sarai, New Delhi-l10016 Tel: 01 l-41244300, 01 1- 41244344 Email: tarc@tarc -in Website: www.tarc.in

November 13,2A21

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

To, The Vice President National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra (E) Mumbai - 400051

Scrip code: 543249 Scrip Symbol: TARC

Sub.: Un-audited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2021

Dear Sir/Madam,

Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, kindly find enclosed the Un-audited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2021 alongwith with Limited Review Report as approved by the Board of Directors of the Company at its meeting held today i,e November 13,2021.

The meeting of the Board of Directors commenced at 15:00 Hrs and concluded at 19.00 tlrs

Kindly take the same on record.

Yours Faithfully

f,'or TARC Limited

fo*

Amit Nr Company Secretary A20094

Encl.: As above

TARC Limited

(Formerly known as Anant Raj Global Limited) CIN: L70100HR2016PLC065615

Corporate Office: C-3, Qutab institutional Area, Katwaria Saria, New Delhi [India]-110016 Registered Office: G-002, MACEO, Sector-91, Gurugram, Haryana (India)-122505

Tel.: 011-41244300, E-mail:[email protected], Website: www.tarc.in

Statement of unaudited standalone and consolidated financial results for the Quarter/Half Year Ended September 30,2021:

$(0.00)$
$(5.26)$ $61.32$
$(15.44)$ $(0.45)$ 2,991.14 941.43 816.05 ,685.91
994.26 92.72 $(519.34)$ $(0.06)$ 45.88 $(0.45)$ $0.10$ (Rs. in Lakh except per share data) 19,095.84 16,491.25 2,059.62 92.72 617.32 45.88 663.14 617.71 663.59 31-Mar-2 150,524.97 YEAR ENDED (Audited 22,086.98 617.26 5,901.93 Half Year Ended 4,602.40 515.00
1,098.49 407.69 339.06 $[580.62]$ $\begin{bmatrix} 0.92 \ 213.36 \end{bmatrix}$ $(0.06)$
$(0.06)$ 6,055.88 326.14 $[580.62]$ $(368.18)$ $(368, 18)$ $9.71$
$(2.45)$ 7.26 $(360.92)$ $(368.18)$ 7.26 $[360.92]$ Unaudited 5,901.93 ,382.02 $\bar{1}$ $\overline{1}$ 30-Sep-21 (Unaudited) 231.03
18,830.35 11,260.07
352.24 2,113.69 367.83
594.91 212.13 $(0.00)$ $6.87$
1.73) 217.26 211.90
0.23 5.14 18,599.32 4,141.61 212.13 5.14 217.03 2,675.44 1,254.04 0.23 0.04 4,141.61 5,901.93 4,688.74 CONSOLIDATED $30-$ Sep-20 3,493.88
243.35
3,737.23 226.29
578.12 $\begin{array}{c} 204.51 \ 222.17 \ \hline 1.693.78 \end{array}$ $\frac{0.92}{(36.75)}$ Unaudited 2,462.69 79.28 2.18 43.45 13.45 80.91 1.63 79.28 1.63 79.28 80.91 $0.01$
$0.01$ 5,901.93 QUARTER ENDED 572.19
205.03
147.38 $[56.10]$ $(318.39)$
$0.23$ $(315.46)$
$0.23$ $(0.05)$ 103.61
728.25 $(373.14)$ $(373.14)$ $3.92$
$(0.99)$ 30-lun-21 (Unaudited) 159.52 $1.12$ $(318.16)$ $(318.16)$ 101.39 2.93 2,624.64 2,017.27 2.93 315.23 5,901.93 $\frac{1}{2}$ 30-Sep-21 $\frac{127.42}{16,102.10}$ 162.80
447.53 9,242.80
192.72 1,541.50 $(0.00)$ $2.95$
$(0.74)$ 5,901.93 Unaudited 15,974.68 4,514.75 4,514.75 2,674.32 1,310.14 530.29 532.50 $2.21$ 532.50 530.30 2.21 530.29 0.09 $587$ 213.67 489.89
17.945.58 731.47 847.12 491.18 61.18
(15.40) YEAR ENDED 45.78 536.96 31-Mar-27 (Audited 17,455.69 14,345.56 280.28 527.48 527.48 36.30 491.18 5,901.93 $0.08$ 7.418.10 142,594.31 $\bar{\kappa}=\bar{\kappa}$ $\tau \rightarrow$ $\bar{t}$ $\bar{1}$ í. $\bar{t}$ 30-Sep-20 (Unaudited) 5,433.87
242.99
5.676.86 87.78
295.21 $(76.63)$ 424.75 338.83 42.88 119.51 119.51 $9.71$
$(2.45)$ 1,487.41 42.88 7.26 $0.02$
$0.02$ $126.77$ 5,901.93 $63398$ Half Year Ended $30-$ Sep-21 $\begin{array}{r} 38,445.91 \ 296.43 \ \hline 38,742.34 \ \end{array}$ $\begin{array}{c} \textbf{267.37} \ \textbf{1,031.85} \ \textbf{119.08} \ \textbf{502.17} \end{array}$ (Unaudited) 1,051.98 31,406.80 5,415.07 $6.73$
(1.69) 2,674.32 1,688.77 1,688.77 5.04 $0.29$
$0.29$ 327.27 5,415.07 1,693.81 5,901.93 STANDALONE $30-$ Sep-20 $\begin{array}{r} 181.20 \ 190.27 \ 44.19 \ 193.41 \end{array}$ 2,892.49
119.77
3,012.26 $(32.61)$ 63.90 $2.18$
$(0.55)$ (Unaudited) 2,371.90 31.29 31.29 63.90 65.53 $1.63\,$ 5,901.93 $0.01$
$0.01$ $50.86$ QUARTER ENDED 215.91
59.46
135.06 $\begin{array}{c} 18,135.90 \ 141.39 \end{array}$ $3.92$
$(0.99)$ 118.30 $30$ -Jun-21 (Unaudited) 51.10 18.277.29 17,650.62 97.94 97.94 46.84 5,901.93 8.179.35 16.84 2.93 49.77 $0.01$
$0.01$ W. $\mathcal{L}^{\pm}$ . $\overline{\phantom{a}}$ $\sim$ $\sim$ $\begin{array}{|c|c|}\n\hline\n149.07 \
\hline\n815.94 \
\hline\n59.62 \
\hline\n59.62 \
\hline\n367.11\n\end{array}$ 155.04 30-Sep-21 (Unaudited) 13,756.18 5,317.13 5,317.13 2.674.32 $2.81$
$(0.70)$ 20,310.01 1,641.93 5,901.93 15.147.92 1,000.88 $2.11$ $0.28$
$0.28$ ,641.93 1,644.04 $\overline{\phantom{a}}$ $\epsilon$ . $\alpha$ $\mathbf{r} = \mathbf{r}$ $\mathbf{r}$ Total other comprehensive income/loss, net of tax (a Profit/(Loss) from operations before exceptional Other comprehensive income/loss
Items that will not be reclassified subsequently to profit Total comprehensive income for the year (10+9) Paid-up equity share capital (Face value of Rs. 2/- per Earning per equity share (Face value of Rs. 2/- per
share) (not annualised) Remeasurement of net defined benefit liability/asset Deferred tax
Profit/(loss) after tax and before share of loss in Share pending allotment (Face value of Rs. 2/- per Other Comprehensive income attributable to: $\operatorname{\text{\sf Total}}$ comprehensive income attributable to:
$\operatorname{\text{\sf Equ}}$ bolders of the parent Profit/(loss) for the period/year (7+8) Profit/(Loss) before tax (3-4) Share of loss in associates(net) Depreciation and amortisation Deferred tax impact on above Equity holders of the parent Equity holders of the parent Employees benefit expense Net Profit attributable to: Less/(Add): Tax expense INCOME
Revenue from operations Non-controlling interests Non-controlling interests Non-controlling interests Total expenses (a to e) Total income (a+b) Exceptional Items Earlier years tax associates (5-6) Other expenses Other income Finance costs Particulars Cost of sales Other equity EXPENSES items $(1-2)$ Current tax Diluted (Rs.) Basic (Rs.) and loss share) share) S1.
No. م ہم ہم $\overline{11}$ $\mathbf{N}$ and $\mathbf{O}$ in $\mathbf{U}$ $\alpha$ $\mathfrak{m}$ $+ 50$ r $\infty$ ١۰ $10$ $\frac{1}{2}$ $12$ $13$ $\overline{14}$ $15$ $16\,$ $\frac{17}{18}$

R $\blacktriangleleft$

nor

e
V

Standalone and consolidated Unaudited Statement of Assets and Liabilities as at 3Oth September 2O21

Standalone Consolidated As at September As at March 31, As at March 31, As at September 30, 2027 2021 30,2021, 2021 Unaudited Audited Audited Unaudited ASSETS Non-current assets Propergr, plant and equipment 28,04t.89 93.24 29,862.1.2 34,686.27 Capital work-in-progress t0,795.78 L2,239.98 Rights of use assets 557.25 592.07 592.07 557.25 Investment properB/ 4,977.69 54,712.66 80,516.07 92,405.80 Goodwill 27;75t.29 ' 27,751.29 lntangible assets 0.43 Financial assets Investments 55,796.07 55,8t7.92 t3,777.30 1.3,776.1.3 Loans 2,270.23 2,007.64 Trade receivables Other bank halances 9t5.97 7,233.95 800.78 1.,233.95 Other financial assets 38,360.27 39,499.31. 43,717.82 38,507.72 Deferred tax assets fNetl 8,960.13 10,013.10 9,636.33 70,699.25 Other non-current assets 2,464.74 9,128.46 2,404.58 15,092.1.3 Total non-current assets I15,474.64 227,98,39 2+5,540.42 l92,SA4.OA Current assets Inventories 62,955.93 84,783.58 83,393.88 84,783"58 Financial assets Trade receivables 79,789.88 374.t8 77.64 6,583.50 Cash and cash equivalents 256.93 448.88 384.26 956.56 Other bank balances 539.88 539.88 Loans 7,377.73 8,485.59 Other financial assets 76,767.59 2,296.77 L7,004.93 2,437.33 Other current assets 2,t94.74 7,457.37 7.067.75 5,376.47 Total current assets 714,973.61 168,599.43 94,227.20 94,468.OO Total assets 290,411.24 284,O74.O7 342,955.00 340,008.82 EQUITYAND LIABILITIES Equity Share capital 5,901.93 5,9 01.9 3 5,901.93 5,9 01.9 3 Other equity 1.44,287.84 742,594.31 750,524.97 1.50,742.24 Non controlling interest 31.60 37.49 Total equity t44,496.24 15O,1.89.77 156,675.66 156,4S8.50 LIABILITIES Non-current liabilities Financial liabilities Borrowings 101,340.84 65,058.73 90,768.04 76,133.55 Lease liabilities 576.L7 559.54 576.77 5 59.54 Other financial liabilities 804.85 696.27 2,063.01. 2,0t125 Provisions 67.74 62.95 89.2L 84.4L Deferred tax liabilities [Netl 569.45 749.O7 Other non-current liabilities 167.47 767.47 211.33 211.33 Total non-current liabilities 77,640.27 66,658.32 93,7A4.52 104,445.23 Current liabilities Financial liabilities Borrowings 27,084.74 29,784.99 37,529.34 30,754.79 Lease liabilities 32.76 30.00 30.00 32.76 Trade payables a. Total outstanding dues of Micro & Small Enterprises 71.6.52 160.60 328.23 389.5 3 b. Creditors other than Micro & Small Enterplises 2,876.87 5,150.94 2,846.72 4,76141. Other financial liabilities 6,617.06 4,057.00 7,99t.83 5,662.09 Other current liabilities 28,908.92 27,747.97 44,55146 36,382.33 Provisions 8.07 7.55 14.47 16.05 LI Current tax liabilities (netJ 1,581.65 2,894.82 1,31.0.49 current liabilities 67,225.97 92,494.82 64,634.76 74,705.O9 r4. Total equity and Iiabilities 290,417.24 244,O74.07 340,008.82 342,955.OO {i d1' ta * a la		in
	Particulars

d1' tala {i a rfr

Statement of Cash Flow For The HalfYear Ended September 30,2O2l

	standalone		ln Consolidated



				(Audited)

				92.66

				2,059.62
				816.0 5
				(230.36.)

				61,.32


				{756.761






				(73.4s )
				4,524.35
				156.24
				153.57
				(3,21s.s2)
				(428.66)
				3,764.04
				(39.1,7)
				L.67

				(48e.3s)
				19,011.10








				2,297.26





				(2O,659.99)

				648.39
				308.77
				956.56


				944.21
Components ofcash and cash equivalents:	256.94	448.88	394.26	956.56

Notes to the Standalone and Consolidated financial results i A tl t_

1 The standalone and consolidated unaudited financial results ofthe Company for the quarter ended September 30, 202L have been reviewcd and recommendcd by thc Audit Committee and approved by the Board of Directors at their respective meeting held on November 13, 2021,. The Statutory auditors havc conducted a Iimitcd review ofthe above financial results in accordance with Regulation 33 ofthe SEBI [Listing Obligations and Disclosure RequiremenLs) Regulation 2015 and have issued an unmodified review report.
2 The standalone and consolidated unauditcd financial results of TARC Ltmited, (Fornerty k,1own as Anant Raj Global Limited) {"the Company".) have been prepared in accordance with Indian Accounting Standards ond AS) notified unclcr scction 133 ofthe Companies Act,2073 read with the Companies 0ndian Accounting Standards) Rules, 20 I 5, as amcndcd.
3 The Consolidated unaudited Financial Results of the Company and its subsidiaries, step subsidiaries, partnership firm and Limited Liability Partnership firms ILLPJ ftogether refer to as "the Group") and Associate have been prepared in accordance with Ind AS-110 -'Consolidated Financial Statement'and Ind AS -28 - 'lnvestment in Associates and Joint Ventures', The entities considered in Consolidated quarterly resulLs encled September 30, 2021 financial statements are as annexed.

The Financial Statements of Fifty seven [57] subsidiary/Step subsidiary companies, Two [2J Limited Liability Partnership firms and One [1) Partnership firm whose financia] statements reflect total revenue of Rs 68.49 Lakhs, Rs. 148.20 lakhs and total loss after tax of Rs 368.08 Lakhs, Rs. 426.89 lakhs for the Quarter and Half Year ended September 30,2027 respectively are management certified and given effect in consolidated financial statements based on financial statements as certified by the management of respective companies. The group share ofloss ofOne Associate for the HalfYear ended September30,2021, amounting to Rs.0.01 Lakhs have also consolidated based on financial statements as certlfied by their management,

4 DuringthequarterendedSeptember30,202l,lhecompanyhavedisposedoffitsinvestmentinwhollyowned subsidiary company namely Goodluck Buildtech Private Limitcd and Anant Rai Hotels Limited at a total approx. value of Rs. 295 Cr, accordingly certain Iand parcels held by the company having book value of Rs.277.79 Cr wcre sold to subsidiary companies at Rs.294.66 Cr. and subsequently investments were transferred to the acquirer at a value of Rs. 0.10 Cr. The net gain on disposal of land parcels forming part of investment properties amounting to Rs.82.87 Cr. have been shown as other operating income and grouped as Revenue from operations .The difference between proceeds from disposal of investment in 2 subsidiaries and the carrying amount of its assets less liabilities as on date of disposal has been recognised in the Consolidated statement ofprofit & loss being profit on disposal ofinvestment in subsiadiary.
5 TradereceivablesinStandaloneflnancialstatementincludesduefromSubsidiarycompaniesRs.T9T.BlCr.On account of transfer of certain Investmet properties & Inventories.
6 The Quarterly figures for corresponding previous quarter ended September 30,2020 are derived figures bctwcen Condensed Interim Audited financial statement for three months period ended June 30,2020 and limited reviewed figures for quarter ended December 37, 2020. The Cash Flow Statement for the corresponding halfyear ended on September30 ,2020 are not given as the company got listed on December 18 ,2020 and half yearly results for period ended September 30,2020 was not prepared & published, accordingly, forcomparison purposescashflowfiguresforyearendedonMarch3T,Z0Zlhavebeengiven.
7 The Company opcrates in a single business segment, i.e., Rcal estate business. Accordingly, there are no additional disclosures to be furnished in accordance with the requirement of Ind AS 108 - Operating Segments with respect to single reportable segment. Further, the operations ofthe Company are domiciled in India and therefore there are no reportable geographical segment.
8 The company continues to monitor the impact of COVID 19 on its business including its impact on customers, supply chain etc, Due care has been exercised ln concluding on significant accounting judgement and estimates including in relation to recoverability of receivables, invcntory and other financial assets based on infbrmation available to date while preparing the company's financial results as ofand for the quarter ended Scptember 30, ZOZT.
9 Figures of the previous quarter have been re-grouped/ re-arranged, wherever considered necessary, to correspond with the current quarter

For and on behalf of Board of

Place : New Delhi Date : November 13,2O21

DOOGAR & ASSOCIATES

Chortered Accountonts

Independent Auditors' Limited Reyiew Report on the Quarterly and year to date Unaudited Standalone Financial Results of the Company pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended

I'o

The Board ofDirectors TARC LIMITED (Fornterly known os Anant Raj Global Limited) G-002, MACEO, Sector-91 Gu rugr;rm fHaryan;r- 1 2 2 505]

1. We have reviewed the accompanying statement of unaudited Standalone financial resuits of TARC Limited {formerli, kror.;n as Anant Raj Global Limited) ["the company"J for the quarter and half year ended September 30, 2021 attached herewith, being submitted by the company pursuant to the requirements of Regulations 33 of the SEBI flisting Obligations and Disclosure RequirementsJ Regrrlalions ,201 5 [as amended]. Attention is drawn to note no.6 of qrrarterly financial statemenf t]raf the Quarterly figures fbr corresponding previous quarter ended September 3A,2020 are derived figures betw,een Condensed Interim Audited financial statement for three months period ended lune 30,2020 and limited reviewed figures for quarter ended December 31, 202A. The Cash Flow Statement for the corresponding hali year ended on September30,2020 are not given as the company got listed on December 18 ,2020 and half yeariy results for period ended September 30,2020 was not prepared & prrhlished, accordingly, for comparison purposes cash flow figures for year ended on March 31,2021 have been given.
1. This statement is the responsibility of the Company's Management and approved by the Board of Directors has been compiled from the related interim Standalone financial statements whicir has been prepared in accordance with Indian Accounting Standard 34 "lnterim Financial Reporting" [lnd AS 34), specified under Section 133 of the Companies Act, 2013, read with relevant rules issued there under and other accounting principles generally accepted in india. Our responsibility is to issuc a report on these financial statements based on our review.
1. We conducted our review in accordance with the Standard on Review Engagement [SR.EJ 2410, "Review of Interim Financial lnformation performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement.
1. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

13, Community Centre, East of Kailash, New Delhi-110065, PH :26472557,26419079 Email : [email protected], [email protected] Website: www.doogar.com

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of nnaudited Standalone financial results prepared in accordance with applicable accounting standards i.e. Ind AS prescribed under Section 133 of the Companies Act,2013 read with relevant rules issued there under and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI [Listing Obligations and Disclosure Requirements) Regulations, 2015 [as amended) and SEBI Circular dated 5th july, 2016 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Doogar & Associates Chartered Accountants Firm's Registration ber: 000561N

M.S. Agarwal Partner Membership

UDIN: 2 1 085580AAAAEV8067

Place of signature: New Delhi Date: November 13,2021

DOOGAR & ASSOCIATES

Chartered Accountants

Independent Auditors' Limited Review Report on the Quarterly and year to date Unaudited Consolidated Financial Results of the Company pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended

To The Board of Directors TARC LIMITED (Formerly known as Anant Raj Global Limited) G-002, MACEO, Sector-91 Gurugram (Haryana-122505)

1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of TARC Limited (formerly known as Anant Raj Global limited) ("Parent") and its subsidiaries, Step subsidiaries, partnership firm and limited liability partnership firms (LLPs) (the parent, its subsidiaries, Step subsidiaries, firm and LLPs together referred to as 'the group') and share of profit /(loss) of One Associate company for the quarter and half year ended September 30, 2021 (the "Statement") attached herewith, being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended ('the Regulation'), read with SEBI Circular No. CIR/CFD/CMD1/44/2019 dated March29, 2019('the Circular'). Attention is drawn to note no. 6 of quarterly financial statement that the Quarterly figures for corresponding previous quarter ended September 30,2020 are derived figures between Condensed Interim Audited financial statement for three months period ended June 30,2020 and limited reviewed figures for quarter ended December 31, 2020. The Cash Flow Statement for the corresponding half year ended on September30, 2020 are not given as the company got listed on December 18, 2020 and half yearly results for period ended September 30,2020 was not prepared & published, accordingly, for comparison purposes cash flow figures for year ended on March 31,2021 have been given.
1. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards 34, (Ind AS 34) "Interim Financial Reporting" prescribed under section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India read with the Circular. Our responsibility is to express a conclusion on the Statement based on our review.
1. We conducted our review of the statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Regulation, to the extent applicable.

13, Community Centre, East of Kailash, New Delhi-110065, PH: 26472557, 26419079 Email: [email protected], [email protected] Website: www.doogar.com

Branches at: Gurgaon, Mumbai and Agra

1. The Statement includes the results of entities rnentioned in Annexure to this statement,
1. \A/e did not review the quarterly unar.rdite d financial resulrs oi'One (1J subsidiary Company, whose financial results reflect total revenue of Rs. 17 4.52 lakhs and total net loss after tax of Rs. 829.15 laklis forthe quarter ended September 30,2021 as considered in consolidated unaudited financial statements. Tirese financial statements are limited reviewed by auditors' of concerned company and our conclusion on the statement in so far as it relates to the amounts and disclosures in respect of this subsidiary, is based solely on the basis of financial statements as limited reviewed by auditor of the concerned company and procedures perfbrrned by us as stated in Para 3 above. Our conclusion on the statement is not rnodified in respect of above matter.

We did not review the Quarterly unaudited financial statements of 57 subsidiaries/Step subsidiaries, One [1) partnership firm and two [2) Limited liability partnership firms [LLP) whose financial results reflect total revenue of Rs. 68.49 lakhs and total net loss after tax of Rs. 368.08 iakhs for the quarter ended Septernber 30,2021as considered in consolidated unaudited financial statements. The consolidated unaudited financial results also includes group share loss of Rs. 0.01 lakhs for quarter ended September 30,2021. as considered in the financial statement in respect of one associate company incorporated in India whose financial resuits have not been revierved by us. These financial statements are certified by the management of respective companies and our conclusion on the statement in so far as it relates to the arnounts and disclosures in lespect of these subsidiaries/Step subsidiaries, partnership firm, LLPs and Associate is based solely on the basis of financial statements as certified and procedures performed by us as stated in Para 3 above. Our conclusion on the statement is not modified in respect of above matter"

Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the financial statements as certified by the management referred to paragraph 5 above, nothing has come to our attention that causes us to believe that the accompanying statement, prepared in accordance with recognition and measurement principles laid in the aforesaid Indian Accounting Standard specified under Section 133 of Companies Act,201"3, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation, read with circular, inciuding the manner in which it is to be disclosed, or that it contains any material misstatement.

For Doogar & Associates

Chartered Accountants Firm's Registration 000561N

M.S. v Agarwal Partner Membership New Delhi

UDIN: * .,\$ #SS5 SS&Sqf4&ffiW?7

Place of signature: New Delhi Date: Novernber 13, 2021

Annexure: List of entities consolidated as at September 30, 2021

Parent Company

1 TARC Limited (Formerly Known as Anant Rai Global Limited)

Subsidiary Companies

A. Limited Reviewed by Auditors'

1 TARC Projects Limited (formerly known as Anant Raj Projects Limited)

B. Unaudited and management certified

Anant Raj Infrastructure Private Limited
$\overline{2}$ BBB Realty Private Limited
Bolt Properties Private Limited 3
Echo Buildtech Private Limited
$\overline{\mathbf{r}}$ Elegant Buildcon Private Limited
Elegent Estates Private Limited 6
Elevator Buildtech Private Limited $\mathsf{R}$
Elevator Promoters Private Limited 9 Elevator Properties Private Limited
10 Fabulous Builders Private Limited
11 Gadget Builders Private Limited
12 Grand Buildtech Private Limited
13 Grand Park Buildtech Private Limited
14 Grand Park Estates Private Limited 15 Green View Buildwell Private Limited
16 Greenline Buildcon Private Limited
17 Greenline Promoters Private Limited
18 Greenwood Properties Private Limited
19 Jubilant Software Services Private Limited
20 Hemkunt Promoters Private Limited
21 High Land Meadows Private Limited
Step Subsidiary companies in which Subsidiary companies exercise control

A. Unaudited and management certified

A-Plus Estates Private Limited $\mathbf{1}$
Ankur Buildcon Private Limited $\overline{2}$
$\overline{3}$ Capital Buildcon Private Limited Capital Buildtech Private Limited
Carnation Buildtech Private Limited
Gagan Buildtech Private Limited
Greatways Buildtech Private Limited $\sqrt{6}$
Krishna Buildtech Private Limited 8

Partnership firm in which company is partner

A. Unaudited and management certified
1 Ganga Bishan & Co.

Limited Liability Partnership firms (LLPs) in which subsidiary is partner

A. Unaudited and management certified

Asylum Estate LLP $\mathbf{1}$
Gagan Promoters LLP $\overline{2}$

Associate company

A. Unaudited and management certified
1 Niblic Greens Hospitality Private Limited
9 Monarch Buildtech Private Limited
13 Papillon Buildcon Private Limited
14 Rising Realty Private Limited
15 Spiritual Developers Private Limited
16 West Land Buildcon Private Limited

TARC

10 Moon Shine Entertainment Private Limited
11 Oriental Promoters Private Limited
12 Papillion Buildtech Private Limited

22 Kalinga Buildtech Private Limited

23 Kalinga Realtors Private Limited

24 Novel Buildmart Private Limited

Park Land Developers Private Limited 29 Park View Promoters Private Limited
30 Rapid Realtors Private Limited

31 Roseview Buildtech Private Limited

32 Roseview Properties Private Limited

33 Sand Storm Buildtech Private Limited

34 Suburban Farms Private Limited

35 TARC Buildtech Private Limited

37 Retreat And Motels Private Limited)

38 TARC Properties Private Limited

40 Travel Mate India Private Limited 41 Twenty First Developers Private Limited

TARC Estates Private Limited

27 Park Land Construction and Equipments Private Limited

TARC Green Retreat Private Limited (Formerly Known As Green

39 Townsend Construction and Equipments Private Limited

25 Novel Housing Private Limited

26 Oriental Meadows Limited

AI assistant

TARC LIMITED Interim / Quarterly Report 2021

59546_rns_2021-11-13_35066ecb-7116-4c09-9528-56cdc986826e.pdf

TARC LIMITE,I)

Sub.: Un-audited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2021

Standalone and consolidated Unaudited Statement of Assets and Liabilities as at 3Oth September 2O21

Statement of Cash Flow For The HalfYear Ended September 30,2O2l

Notes to the Standalone and Consolidated financial results i A tl t_

DOOGAR & ASSOCIATES

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UDIN: 2 1 085580AAAAEV8067