TARC Limited has informed the Exchange regarding allotment of 40900 securities pursuant to Non Convertible Securities at its meeting held on April 07, 2025
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TARC Limited has informed the stock exchange that its board committee allotted 40,900 Non-Convertible Securities (NCDs) at a meeting held on April 7, 2025. The securities are non-convertible in nature, meaning they cannot be converted into equity shares. No further details on the pricing, coupon rate, or use of proceeds have been disclosed in this filing. The allotment was carried out under the authority delegated by the board.
This represents a small debt raise for TARC Limited, likely to fund operational or project needs. Without details on yield or purpose, the direct impact on shareholders is limited, though it does add to the company's debt obligations.