TARC Limited has received in-principle approval from BSE Limited to amend the redemption schedule for its listed, rated, redeemable, non-convertible debentures. The approval, effective September 7, 2026, modifies the payment dates and amounts for debentures with ISIN INE0EK907050. The amended schedule provides clarity on future cash outflows for the company.
BSE Grants In-Principle Approval for Debenture Redemption Change
TARC Limited announced on September 8, 2026, that BSE Limited has granted in-principle approval for amendments to the redemption schedule of its Non-Convertible Debentures (NCDs). This development follows an earlier communication dated August 11, 2026, regarding the proposal to modify the payment terms for debentures with the ISIN INE0EK907050.
Details of the Approval
The approval, referenced by BSE letter DCS/COMP/AA/IP/52/26-27 dated September 7, 2026, pertains to the company’s application under Regulation 59 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This allows for adjustments to the redemption schedule, impacting future cash outflows and financial planning for TARC Limited.
Amended Redemption Schedule
The existing and revised redemption schedules show adjustments in the scheduled redemption amounts for specific dates:
Existing Redemption Schedule
| Scheduled Redemption Date | Scheduled Amount (payments over and above Coupon payments) (INR) |
| 31 March 2026 | 44,08,38,323 |
| 31 March 2027 | 66,12,57,485 |
| 31 March 2028 | 66,12,04,692 |
| 31 March 2029 | 66,12,24,000 |
| 31 March 2030 | 442,24,48,000 |
Revised Redemption Schedule
| Scheduled Redemption Date | Scheduled Amount (payments over and above Coupon payments) (INR) |
| 31 March 2026 | 44,08,38,323 |
| 31 March 2027 | 66,12,57,485 |
| 31 March 2028 | 66,12,04,692 |
| 31 March 2029 | 66,12,24,000 |
| 31 March 2030 | 444,71,27,112 |
The BSE has stipulated several conditions for the Exchange to effect these modifications, including the submission of confirmation letters from depositories regarding the changes and ensuring no change in ISIN. This in-principle approval is valid for 3 months from the date of the letter.
Source: BSE
