TARC will hold a meeting of the Board of Directors of the Company on 20 November 2024Powered by Capital Market - Live News

Net loss of TARC reported to Rs 67.35 crore in the quarter ended September 2024 as against net profit of Rs 1.08 crore during the previous quarter ended September 2023. Sales declined 85.50% to Rs 4.31 crore in the quarter ended September 2024 as against Rs 29.72 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales4.3129.72 -85 OPM %-566.13-31.59 - PBDT-73.13-16.23 -351 PBT-75.74-18.12 -318 NP-67.351.08 PL Powered by Capital Market - Live News

TARC will hold a meeting of the Board of Directors of the Company on 6 November 2024Powered by Capital Market - Live News

TARC will hold a meeting of the Board of Directors of the Company on 6 November 2024Powered by Capital Market - Live News

TARC has raised Rs 1,000 crore from a consortium led by Kotak Mahindra Bank, Nomura Capital, Aditya Birla Capital, and STCI. The funds raised will be utilised for refinancing of its existing debt along with Rs 250 crore additional working capital facility to be available on call. The new borrowing cost at 12.75% p.a. will significantly enhance TARC`scash flows, facilitating substantial savings. The reduction in interest cost will provide the Company with the financial flexibility necessary for growth and expansion.Powered by Capital Market - Live News