The Company, through its associate Company has developed an Office Building at Sector 44, Gurugram, Haryana. PDF CIN: L45400HR1985PLC021622 Head Off : H-65, Connaught Circus, New Delhi Low interest rates, improving affordability, high savings, and a resurging interest in homeownership due to space constraints imposed by the pandemic have been the primary drivers of the revival in demand. As we move into the new financial year, the experts read the tea leaves and predict another optimistic year for the real estate sector. This new ambitious project will add more than. Since our establishment in 1969 as a construction company, Anant Raj has undertaken substantial projects for the DDA (Delhi Development Authority) and other governmental departments. Anant Raj Ltd. Director Report - Business News Today: Read Latest The BSE and NSE (Stock Exchanges) had levied the fine for delay in furnishing prior intimation about the meeting of Board of Directors held on December 25, 2021. Also as required under regulation 33(1)(d) of the Listing Regulations, the auditors have confirmed that they hold a valid certificate issued by the Peer Review Board of the Institute of Chartered Accountants of India. The Company has completed construction & development of phase-1 of IT SEZ Project comprising 2.1 million square feet, against which 1.4 million sq. Debtor days have improved from 33.5 to 19.6 days. The company is also in process to commence another Housing project in Sector 36A, Gurugram jointly with Adani Realty. ANANT RAJ LIMITED - Closure of Trading Window - Rediff.com The details about the composition of the said committee of the Board of Directors along with attendance thereof have been provided in the Corporate Governance Report which forms part of this Report. / feet, which is leased to reputed commercial clients including first Call Center of Amazon in North India. These have been published in newspapers and also made available on the Company''s Website www.anantrajlimited. Management Discussion & Analysis Report for the financial year under review, as stipulated under the Listing Regulations is annexed and forms part of this Report. The Company created digital assets and launched new website which took the lead in communicating holistically the values, strengths, approach and emerging developments. The Company has maintained accounts and records as specified under sub-section (1) of section 148 of the Act. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO. For further details, please refer Corporate Governance Report. Initially, the Company has commenced the development of Phase-1 Hyper-Scale Data Center at its ready IT building at IMT, Manesar, Gurugram, Haryana through its wholly owned subsidiary Anant Raj Cloud Pvt. SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS. The construction on the above project is commenced and to be completed in the financial year 2024-25 to be developed as a high end residential project comprising 190 units of 3&4 BHK specifications along with 40 EWS+CSP units having ultramodern amenities and facilities. is given as '', In compliance with section 129 of the Act read with Rule 5 of the Companies (Accounts) Rules, 2014, a statement containing the salient features of the Financial Statements of the Subsidiaries, Joint Ventures and Associate Companies of the Company in form AOC-1 which forms part of this Report, is annexed as ''. Amit Sarin, who was holding the position of Whole Time Director and Chief Executive Officer as the Managing Director of the Company for a period of five years w.e.f January 1, 2021 (ii) Sh. Anant Raj Ltd was incorporated in 1985 as Anant Raj Clay Products by Ashok Sarin. By order of the Board of Directors For Anant Raj Limited. | March 19, 2023 A certificate from M/s Yogesh Gupta & Associates, Cost Accountants, has been received to the effect that their appointment as Cost Auditors of the Company, if made, would be in accordance with the limits prescribed under Section 141 of the Act and the rules framed thereunder. The estimates and judgements relating to the Financial Statements are made on a prudent basis, so as to reflect in a true and fair manner, the form and substance of transactions and reasonably present the Company''s state of affairs, profits and cash flows for the financial year ended March 31, 2022. [1] [2]. Currently, we proudly offer approximately five million square feet of leasable space with a significant portion readily available for lease. Thus, disclosure in form AOC-2 is not required. It is hereby affirmed that the Remuneration paid is as per the Remuneration Policy of the Company. Ltd and Anant Raj Hotels Ltd, the company said in a statement. Please refer to Note Nos. Further, pursuant to the Regulation 24A of Listing Regulations read with SEBI Circular No CIR/CFD/CMD1/27/2019, dated February 08, 2019, the Annual Secretarial Compliance Report for the financial year 2021-2022 was filed with Stock Exchanges(s), i.e. | Anant Raj Limited has been constantly reshaping the Real Estate Industry . The same may be assessed at, htt ps://www. Addendum To The Notice Of 38Th Annual General Meeting Scheduled To Be Held On July 5, 2023. During the financial year ended March 31, 2022, no changes were carried out in the risk management policy. Phase II of Project Navaya will be launched in Q1 of FY 23 for which RERA registration is already obtained. i n/z_AN ANT R AJ/fi les/ POLICY_FOR_DETERMINING_MATERIAL_ SUBSIDIARIES.PDF. The Company has also constituted an internal Complaints Committee, to inquire into complaints of sexual harassment and recommend appropriate action. During the year under review, your Company has neither accepted nor renewed any deposits from the public in terms of provisions of section 73 of the Act, read with the Companies (Acceptance of Deposits) Rules, 2014. M/s Vinod Kumar Bindal & Co., Chartered Accountants (Firm Registration No. TARC Limited targets 1,500 crore revenue in FY23-24. About Us. feet for a Data Center having 40 MW capacity. Pankaj Kumar Gupta -Chief Financial Officer; and, 10. During the year under review, the Company has neither issued shares with or without Differential Voting Rights nor granted Stock Options nor issued Sweat Equity. For members who have not registered their email addresses, physical copies are sent in the permitted mode. January 1, 2021. The said policy is available on the website of the Company at: htt ps://www.p rime info base. Know more at India Infoline. Electronic copies of the Annual Report 2021-22 and the Notice of the 37, M/s Vinod Kumar Bindal & Co., Chartered Accountants (Firm Registration No. Pros / cons are based on a checklist to highlight important points. The Company possesses appropriate experience for this segment of real estate as it has successfully built multiple hotels. TARC Limited (formerly known as Anant Raj Global Limited) is a wholly owned subsidiary of Anant Raj Limited. The Company successfully completed 2 of its land parcels located in New Delhi by way of sale to global international fund, BREP Asia II EIP Holding (NQ) Pte. During the period under review, there has been no change in the nature of business of the Company. An annual action plan as per Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 notified vide MCA Circular dated January 22, 2021 has also been recommended by the CSR Committee of the Board. The Company is also planning to get a MeitY empanelment (accreditation) and get listed in a Government Cloud Services Directory. Accordingly, as per the provisions of Listing Regulations, the Company had formulated a Dividend Distribution Policy. The Company has convened nine (9) meetings of the Board of Directors during the financial year ended March 31, 2022. and number of shares transferred to IEPF demat account is made available on our website, The Board of Directors of your Company, subject to approval of shareholders at the ensuing Annual General Meeting, has recommended final dividend @ 6% (Re. In compliance with section 129 of the Act read with Rule 5 of the Companies (Accounts) Rules, 2014, a statement containing the salient features of the Financial Statements of the Subsidiaries, Joint Ventures and Associate Companies of the Company in form AOC-1 which forms part of this Report, is annexed as ''Annexure-V''. The Directors state that no disclosure or reporting in respect of the following items is required as there were no transactions/events relating to these items during the financial year under review: (a) Issue of equity shares with differential rights as to dividend, voting or otherwise. Non-compliance/Delayed Compliance under, regulation 29(2)/(3) of SEBI (LODR), Regulations, 2015 for furnishing prior intimation within the period provided under regulation. The Company recently got approval for development of another residential colony under Deen Dayal Jan Awas Yojna (DDJAY) on 20.14 acres of fully paid & owned land. Upon the recommendation of Board, the shareholders of the Company at the Extra-ordinary General Meeting held on April 21, 2021 appointed (i) Sh. The Company is investing deeper search engine optimization on Google to increase customer access. The Company, during the year under review, has posted Consolidated Net Profit after tax of '' 5488.73 lakhs as compared to '' 1064.64 lakhs during the previous year. The Company also holds prime land in Delhi and these land parcels are poised for massive expansions due to recent changes in development norms for residential and commercial spaces in coming year. 750 crores of inventory in the form of residential & commercial plots. The committee is further authorised to approve investments of Company. Policy on code of practices and procedures for fair disclosure of insider trading. In the opinion of the Board all Independent Directors possess strong sense of integrity and having requisite experience (including proficiency), qualification, skills and expertise as well as independent of the management. The Board at its meeting held on December 25, 2021 approved the raising of funds by issuance of 4,750 (Four Thousand Seven Hundred Fifty), secured, unlisted, redeemable, non-convertible debentures (''Debentures'') having face value of '' 10,00,000/- (Rupees Ten lakhs Only) each, at par aggregating upto '' 475,00,00,000/- (Rupees Four Hundred and Seventy Five crores Only) in one or more tranches on private placement basis to the Eligible Investor(s) i.e. This project is proposed to commence in the financial year 2022-23 and to be completed by the financial year 2024-25 to be developed as 36 ultra-luxurious independent floors with more than 6,000 sq feet area each having global design and architecture, exclusive recreation and sporting amenities, concierge and valet services.TARC Central West Delhi High End Residential is a project located on a metro station spread over approximately 6.13 acres land. The Company has fully paid additional land parcels adjoining to Anant Raj Estate in Sector 63A, Gurugram Haryana, on which it has applied for two licenses to develop the residential projects i.e. Total developable area in Rai building is 5.10 million sq. The Secretarial Audit Report for the financial year ended March 31, 2022, is annexed herewith as, 38. It launched a new software, which enhanced systemic contemporariness. The sudden changes in FII or DII can be because of these changes. The Policy aims to provide protection to employees at the workplace and prevent and redress complaints of sexual harassment and for matters connected or incidental thereto, with the objective of providing a safe working environment, where employees feel secure. Anant Raj Ltd. News - The Economic Times The Board has therefore recommended the continuance of Independent Directors on the Board of the Company. The Company changed the name from Anant Raj Global Limited to TARC Limited with effect from April 19, 2021. The Company is developing an IT Park with space of 1.6 million sq. MR. ANJANI KUMAR PRASHAR . With the positive estimates for the real estate sector, the Company is also poised to grow at a much higher altitude due to presence in diversified asset class. TARC Limited is developing a build-to-suit (BTS) facility in North Delhi, suitable for major e-commerce entities. The Company is expecting revenues of more than '' 1,500 crores from this project within a span of four years. NSE Quotes and Nifty are also real time and licenced from National Stock Exchange. 1) The above figures are extracted from the Standalone and Consolidated Financial Statements prepared as per Indian Accounting Standards (Ind AS). i n/z_AN ANT R AJ/f iles/ Anantraj_whistle_blower_policy.pdf, 21. The Board is also apprised about the important developments in industry, segments, business operations, marketing, products etc. . The Company has land parcels in Haryana & Greater Noida where final approvals are awaited. The details about the composition of the said committee of the Board of Directors along with attendance thereof have been provided in the Corporate Governance Report which forms part of this Report. mt. 56.35/- (Rupees Fifty Six and Paisa Thirty Five Only) on a preferential basis to identified investors classified under ''Promoter & Promoter Group'' and ''Non-Promoter'' Category (allottees), in accordance with the provisions of the Act read with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, which was further approved by the shareholders of the Company at the Extra-Ordinary General Meeting held on April 21, 2021. Further, as required under Schedule IV of the Act and Listing Regulations, a separate meeting of the Independent Directors was convened, whereat Independent Directors had evaluated the performance of the Non- Independent Directors and the Board as a whole as parameters as enumerated above. The Company as well commenced new residential project within the municipal limits of Delhi at Rajokri Aerocity. BSE Limited and National Stock Exchange of India Limited, on May 18, 2022. mts. Now, to achieve maximum benefit from the available space in the building, the Company has plans to develop Tier III Data Center by providing security support, power back-up and strengthening of the structure. feet of retail space. The new XBRL format added more details from Sep'22 onwards. Our Philosophy. i n/z_AN ANT R AJ/fi les/ Anantraj_Dividend_Distribution_Policy.pdf, The paid-up share capital as on March 31, 2022 was '' 59,01,92,670 divided into 29,50,96,335 equity. Anant Raj Ltd. has been under Long Term ASM stage 1 on BSE since May 10, 2023 as of Jun 06, 2023 The Credit rating agency, Infomerics Ratings had assigned the credit rating ''IVR BB /Positive Outlook (IVR Double B Plus with Positive Outlook)'' to the Company for its long term bank facilities. www.anantrajlimited.com, 32. 1.40%: 61.45 : 43.60%: TARC LIMITED -1.09%: 60.59 : 43.75%: All . As a result, Anant Raj Estate, Company''s flagship residential township in Sector 63A, near Golf Course Extension Road, Gurugram, is witnessing increase in demand mainly due to shift in thought process where customers prefer ready to move in flats/floors/villas/ developed plots in well planned societies and integrated townships. The Company intends to develop these Projects for mixed land use development to provide to the community Hotel, Hospitality, Convention and Commercial facilities at multiple locations in New Delhi. Disclosures pertaining to remuneration and other details as required under section 197 (12) of the Act read with Rules 5(1), (2) & (3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are annexed to this Report as ''Annexure - II and Annexure - III''. Tarc Ltd, which was known as Anant Raj Global until April this year, has a presence across different segments of Indias real estate market. The company plans to develop 2BHK units with a targeted sale price of, were also based on IND AS. Future prospects and outlook of the Company. Anant Raj Ltd. is active on Long Term ASM stage 1 on BSE as of Jun 06, 2023 Additionally, the Company owns land parcels in Gurugram, Manesar and Greater Noida where the land holding exceed 250 acres of prime land. The Company has already commenced work for setting up of the Data Center and 3 MW is poised to be operational within Q2 of FY 2022-23 out of proposed Data Center of 21 MW capacity, expandable upto 50 MW. Interest rates also have a major impact on the current boom. A diverse Board, among others, will enhance the quality of decisions by utilising different skills, qualifications, professional experience and knowledge of the Board members necessary for achieving sustainable and balanced development. The Company''s hotel projects are situated in premium Hospitality, Banquet and Convention districts of New Delhi admeasuring individually from 5 to 7.5 acres. Haryana Government has allowed higher FAR resulting in extra Floor space in each residential building. However, pursuant to Regulation 23(2) of Listing Regulations, prior approval of the Audit Committee was sought for entering into related party transactions. Delhi: 2004: For further details, please refer to the Corporate Governance Report which forms part of this report. India''s real estate sector saw over 1,700 acres of land deals in the top 7 cities in one year. 2. Total developed area is around 1.8 million square feet on 10 acres of land area against which leasable area is 1.2 million sq. As per the requirement of regulation 34(3) read with Schedule V of Listing Regulations, a Report on Corporate Governance is annexed, which forms part of this Report. Anant Raj Estate at Sector 63A, in South Gurugram. Sector: Touchstone Trust Scheme II. The Company on account of its expertise in affordable homes has recently bagged a project from APIIC (Andhra Pradesh Industrial Infrastructure Corporation) to develop & construct 2,000 affordable homes in the holy city of Tirupati (Andhra Pradesh). Subsidiary Financials; Shareholding; Corporate Actions; Announcements; AGMs / EGMs; Unclaimed/Unpaid Dividends; Postal Ballots; Board Meetings ; Charting . Bombay Stock Exchange Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. of India''s insistence for placing Data of Banks/ Companies/Government offices in Data Centers located in India has resulted into spurt in demand for Data Centers in India and this has come as a boon to the Company because the Company has 5.50 million sq. 003820N), were appointed as statutory auditors of the Company for a period of five consecutive years to hold office from the conclusion of 32nd Annual General Meeting held on 29th September, 2017 until the conclusion of ensuing 37th Annual General Meeting.

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