Slide 1: Filing cover letter to stock exchanges
sltL TrrN TARC February 7,2026 To, To, The General Manager, The Vice President, Deptt of Corporate S"*i""r, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, P..I. Tower, Dalal Street, Bandra Kurla Complex, Bandra (E) Mumbai * 400001 Mumbai - 400051 Equity Scrip code: 543249 Scr
Slide 2: Investor Presentation Q3FY26
Differentiated Luxury. Curated Residences. Investor Presentation Q3FY26
Slide 3: Disclaimer
Disclaimer This presentation contains “forward looking statements” including, but not limited to, statements relating to the implementation of strategic initiatives, and other statements relating to future business developments and economic performance. While these forward looking statements indicat
Slide 4: TARC – Decades of Legacy
TARC – 5 Decades of Legacy Real Estate Developer with focus on Luxury and Ultra Luxury segment in New Delhi & Gurugram markets with Differentiated Luxury Curated Residences approach Design-Led, EXECUTION LIFESTYLE driven HIGH-MARGIN and DELIVERY Luxury Living Business Model CURATED LUXURY RESIDENCES
Slide 5: Business Highlights
BUSINESS HIGHLIGHTS 5 INVESTOR UPDATE: Q3FY’26 4 Actual Image: Kailasa Experience Centre
Slide 6: Business Highlights
Business Highlights • Company recorded nine-month cashflows of ₹907 crore, surpassing full year performance of last financial year • Pre-Sales booking of ₹977 crore crore achieved in 9MFY26 • Significant margins expected from developments being delivered. • Received RERA Approval for additional phas
Slide 7: MD & CEO Comment
MD & CEO Comment “Q3 FY2026 reflects steady progress across execution and cashflow visibility. Sales momentum remains healthy across our developments, supported by strong end-user demand for thoughtfully designed luxury residences. The receipt of Occupation Certificate at Tripundra, strong customer
Slide 8: Sales Performance
Sales Performance Presales Collections Residential GDV Saleable Area Developments (₹ Cr) (sqft) in 9MFY26 in Q3FY26 in 9MFY26 in Q3FY26 (₹ Cr) (₹ Cr) (₹ Cr) (₹ Cr) Tripundra 1,000 ~500,000 - - 193 93 Kailasa 4,400 ~1,700,000 330 175 82 32 Ishva 3,600 ~1,700,000 647 237 328 114 Total 9,000 ~3,900,000
Slide 9: Future Path
FUTURE PATH 9 INVESTOR UPDATE: Q3FY’26 8 Actual Image: Ishva Experience Centre
Slide 10: Projected Surplus Cashflows
Projected Surplus Cashflows Substantial Surplus from ongoing and upcoming developments. Total Details (₹ Cr) Total Ongoing Gross Development Value ~9,000 Outstanding Receivables (including Sale Value of Unsold Stock) ~7,500 Balance Cost to Incur ~2,700 INVESTOR UPDATE: Q3FY’26 9
Slide 11: Yearly Cashflow Projections
Yearly Cashflow Projections Company envisages cash inflows from ongoing and upcoming projects to increase substantially year on year from here onwards 2,800-3,000 2,300-2,500 1,800-2,000 1,600-1,800 1,100-1,200 FY26 FY27 FY28 FY29 FY30 Company projects to generate ~₹10,000 crores of cashflows over n
Slide 12: Top Land Parcels
Top Land Parcels S.No. Location Plot area in acre 1 South Delhi 50.0 100% Owned 2 North West Delhi 50.0 3 Manesar, Gurugram 150.0 4 North Delhi 175.0 INVESTOR UPDATE: Q3FY’26 11
Slide 13: Debt Reduction Plan
Debt Reduction Plan Cashflows expected from ongoing developments and upcoming developments to expedite debt reduction plan 1,900+ ~200 ~1000 ~700 Gross Debt Estimated Debt Repayment Estimated Debt Repayment FY26 FY27 ~700 Net Debt Zero Levels Company targets to become Net Debt Zero INVESTOR UPDATE:
Slide 14: Future Path
Future Path FY2031 & 32 • Additional Revenue Recognition for Upcoming Developments FY2029 & 30 FY2027 & 28 • Revenue Recognition begins for Kailasa & • Improved Cashflows Ishva of ~₹8,000 crore FY 2026 & 27 • Net Debt Zero • Revenue Recognition • New Investments in of TARC Tripundra of JDA/JV and La
Slide 15: Building Business
BUILDING BUSINESS 15 INVESTOR UPDATE: Q3FY’26 14 Actual Image: Kailasa Experience Centre
Slide 16: Business Model
Business Model Balancing Profitability and Long-term Financial Sustainability Fully Paid Land Bank Luxury-led Developments Strategic land bank Luxury-led developments 01 1 02 2 3 3 supporting margin resilience offer structurally higher and capital efficiency margins through differentiated positionin
Slide 17: Product – Market Offerings
Product – Market Offerings Every TARC development is envisioned through the lens of Focused Markets Differentiated Luxury Curated Residences, a philosophy that places individuality, quality and customer experience at its core. Experiential Living at TARC Tripundra means Experiential more than a resi
Slide 18: How we sell luxury
How we sell luxury Transforming Luxury Sales Experience Proven Outcomes Customer Focus Genuine end-user approach, Higher conversions, Lower churn risk and Stronger collections Sales Traction Strong presales across ongoing developments Pricing Discipline Sustained and enhanced pricing, Curated Experi
Slide 19: Customer Centricity
Customer Centricity Driving Focused Growth in Luxury and Ultra Luxury Segment in Delhi & Gurugram Differentiated Luxury Curated Residences Design-led Architecture Bespoke Homes Signature Amenities Lifestyle-Centric Planning Prime City-Centric Locations Thoughtfully Designed Experiences Quality of Bu
Slide 20: Our capability
Our capability Strong in-house project Multiple projects Demonstrated GDV Execution management with global progressing ahead of enhancement through Excellence construction partners benchmarks design & execution Experienced, in-house Structured, data-led sales Dedicated CRM and Sales sales leadership
Slide 21: Brand equity
Brand equity Building Brand Strength That Translates into Superior Returns Established Brand Luxury Residential Positioning Product Offerings Differentiated Design Strong Presales with high ticket value Strong Collections with solid customer base HIGHER RETURN ON INVESTMENTS INVESTOR UPDATE: Q3FY’26
Slide 22: Development Plans
DEVELOPMENT PLANS On Owned & Fully Paid Land Parcels 3 Planned Developments INVESTOR UPDATE: Q3FY’26 21
Slide 23: Planned Development: ~1.0 mn sqft, ~7 acre
Artistic Impressions ~1.0 mn sqft | ~7 acre | Approvals in Place - Design Finalization in Progress Commanding a landmark position envisioned as a signature ultra-luxury development. Spread across ~1 mn sq. ft. of development potential, it will redefine city living with unmatched INVESTOR UPDATE: Q3F
Slide 24: Planned Development: ~0.5 mn sqft, ~3 acre
Artistic Impressions ~0.5 mn sqft | ~3 acre | Approvals in Place - Design Finalization in Progress Nestled within the green serenity, development spans ~0.5 mn sq. ft., bringing to life a refined residential experience where modern comfort meets natural tranquility. Conceived as a luxury development
Slide 25: Planned Development: ~1.0 mn sqft
Artistic Impressions ~1.0 mn sqft | ~7 crore | Approvals in Place - Design Finalization in Progress Set within ~1 mn sq. ft. of expansive development, supposed to emerge as an ultra-luxury address, envisioned as a one-of-a-kind destination blending contemporary design, exclusivity and experiential I
Slide 26: Above & Beyond: Social Media
Above & Beyond Strengthening Brand TARC with Every Social Media Post CREATING BUZZ ON SOCIAL A city shaped by centuries, evolving Driving meaningful A simple wish that sparked with vision, Delhi represents conversations on sustainability massive engagement and organic heritage-backed growth and futu
Slide 27: Above & Beyond: Outdoor Branding
Above & Beyond Strengthening Brand TARC with Every Outdoor Branding TARC Kailasa OOH Innovation An innovative OOH installation was executed outside the TARC Kailasa Experience Gallery, using bold, contextual creative to command attention at point-of- interest. Strategically placed, it enhanced visib
Slide 28: Above & Beyond: Customer Outreach / Engagement
Above & Beyond Strengthening Brand TARC with Every Customer Outreach / Engagement Clink & Connect A curated Channel Partner evening at TARC Ishva brought together meaningful networking and relationship-building in a refined, relaxed setting. With live jazz and curated hospitality, the event fostered
Slide 29: Awards & Recognitions
Awards & Recognitions Forbes India The Economic Times Asia One Awards Category : India’s Greatest Development A List Real Estate Brands 2023-24 Award Awards 2025 Project Name : TARC Kailasa Category : A-List Developer Category : Residential Project - Ultra Premium Year: 2024 TARC Limited Project Nam
Slide 30: Financial Highlights
FINANCIAL HIGHLIGHTS 30 INVESTOR UPDATE: Q3FY’26 29 Actual Image: Ishva Experience Centre
Slide 31: Consolidated Financials for Q3FY26
Consolidated Financials for Q3FY26 Particulars ₹ lakhs. Q3 FY26 Q3 FY25 9M FY26 9M FY25 F.Y. 2024-25 Revenue 38.38 9.35 121.14 21.87 33.69 Add: Other Income 3.92 1.87 250.63 3.12 5.20 Total income 42.30 11.22 371.77 24.99 38.89 Less: Direct Costs (incl change in 7.34 2.92 14.28 11.03 58.97 inventory
Slide 32: Understanding TARC
UNDERSTANDING TARC 32 INVESTOR UPDATE: Q3FY’26 31 Actual Image: Tripundra
Slide 33: Our Philosophy
Our Philosophy Our Horizon Our Mission Our Vision To craft spaces that thoughtfully blend India's To create enduring value through curating Unlocking human potential by bringing timeless legacy, grandeur and values with experiential living. We strive to transform urban seamless, wholesome living to
Slide 34: Inspired by India
INSPIRED BY INDIA T HOUGHTFUL INTEGRATION A MBITIOUS IDEATION R IGOROUS EXECUTION C ONTEMPORARY AESTHETICS We aspire to seamlessly merge India’s Our broad vision encompasses large- We approach each development While we honor reverence for India’s rich profound legacy, grandeur and values scale conce
Slide 35: Key Milestones
Key Milestones Representative Images 2022 2023 & 2024 2025 • Delivered TARC MACEO • Collaborated with US private • Launched TARC ISHVA our first luxury • Launched TARC KAILASA Luxury investment firm Bain Capital. residential development in Gurugram. Residential Development. • Kailasa 1.0 sold-out. •
Slide 36: Board Of Directors
Board Of Directors Mr. Amar Sarin Managing Director & CEO The driving force at TARC Limited. Possesses the commitment and passion to lead the team with a well-defined strategy that steers the organisation’s vision and develops capabilities for planning, finding solutions, and delegating. Mr. Anil Sa
Slide 37: Board Of Directors
Board Of Directors Mr. Jyoti Ghosh Mr. Miyar Ramanath Nayak Independent Director Independent Director Retired as the Managing Director of State Bank of Bikaner and Jaipur. B.Com and C.A. L.L.B., held offices as General Manager, HO of Presently, contributes expertise as a lecturer at Bandhan School o
Slide 38: Development Portfolio
DEVELOPMENT PORTFOLIO 38 INVESTOR UPDATE: Q3FY’26 37 Actual Image: Kailasa Experience Centre
Slide 39: Development Highlights
Development Highlights 63 A, Gurugram Representative Images TARC Tripundra, New Delhi TARC Kailasa, New Delhi TARC Ishva, 63A Gurugram ~3 ~500,000 Q3 FY2023 ~6 ~1,700,000 Q4 FY2024 ~9 ~1,700,000 Q2 FY2025 acres sqft Launch acres sqft Artistic Impression Launch acres sqft Artistic Impression Launch A
Slide 40: TARC Tripundra amenities
IGBC Gold-certified development, offering contemporary international design and architecture and a curated clubhouse and recreation zones. Luxury residential development with 3 & 4 bedroom apartments. Wellness and Fitness Amenities – Cycling tracks, Yoga Centre, Gym, Swimming pools, Sauna & Spa Fami
Slide 41: Drop-off and Entrance
INVESTOR UPDATE: Q3FY’26 Drop-off and Entrance 40 Actual Image
Slide 42: Lobbies
INVESTOR UPDATE: Q3FY’26 Lobbies 41 Actual Image
Slide 43: Lift Lobby
INVESTOR UPDATE: Q3FY’26 Lift Lobby 42 Actual Image
Slide 44: Indoor Heated Swimming Pool
INVESTOR UPDATE: Q3FY’26 Indoor Heated Swimming Pool 43 Actual Image
Slide 45: Mini Theatre
INVESTOR UPDATE: Q3FY’26 Mini Theatre 44 Actual Image
Slide 46: TARC Kailasa luxury development
Large format high-end luxury development located in Delhi is designed to be an epitome of luxury offering customers all the conveniences of an ultra-luxurious lifestyle. Ultra luxury residential development with 3 & 4 Bedroom apartments. Grand bespoke luxury club along with 7-tier security for an el
Slide 47: Kailasa Experience Centre
INVESTOR UPDATE: Q3FY’26 Kailasa Experience Centre 46 Actual Image
Slide 48: Kailasa Experience Centre
INVESTOR UPDATE: Q3FY’26 Kailasa Experience Centre 47 Actual Image
Slide 49: All Day Dining
INVESTOR UPDATE: Q3FY’26 All Day Dining 48 Representative Images
Slide 50: Library
INVESTOR UPDATE: Q3FY’26 Library 49 Representative Images
Slide 51: TARC Ishva luxury apartments
State-of-the-art luxury apartments include best-in-class amenities and is well-connected to malls, restaurants, hospitals, and schools, allowing for an ultra-luxurious lifestyle. Luxury residential development offering four side open 3BHK and 4BHK residences. World-Class Leisure & Wellness including
Slide 52: Ishva Experience Centre
INVESTOR UPDATE: Q3FY’26 Ishva Experience Centre 51 Actual Image
Slide 53: Ishva Sample Apartment
INVESTOR UPDATE: Q3FY’26 Ishva Sample Apartment 52 Actual Image
Slide 54: Ishva Club
INVESTOR UPDATE: Q3FY’26 Ishva Club 53 Representative Images
Slide 55: Swimming Pool
INVESTOR UPDATE: Q3FY’26 Swimming Pool 54 Representative Images
Slide 56: Construction Update – TARC Kailasa
Construction Update – TARC Kailasa INVESTOR UPDATE: Q3FY’26 55
Slide 57: Construction Update – TARC Ishva
Construction Update – TARC Ishva INVESTOR UPDATE: Q3FY’26 56
Slide 58: Sustainability
SUSTAINABILITY 58 INVESTOR UPDATE: Q3FY’26 57 Actual Image: Ishva Experience Centre
Slide 59: ESG Vision
ESG Vision Images for representation ENVIRONMENT SOCIAL GOVERNANCE • Committed to creating a strategy for Carbon • Committed to leading community • Committed to growing ethically with Neutrality and Net Zero developments. development initiatives to improve the transparency and accountability built a
Slide 60: Cultural Initiatives
Cultural Initiatives TARC Learning Academy Collaborations TARC Learning Academy continues to drive • Partnered with KPMG for change management, SOP employee growth through structured mandate enhancements, workshops, and corporate presentations. trainings and specialized technical project • Conducted
Slide 61: Social Initiatives
Social Initiatives TARC Shakti Social Engagements TARC Shakti is a dedicated community bringing together women Through plogging initiatives, NGO engagements, and across the organization, focused on empowerment, inclusion, and community outreach programs across sites, TARC growth. Through initiatives
Slide 62: Thank You
Thank You FOR MORE INFORMATION, CONTACT ANKUSH VIJAN, Investor Relations, TARC Limited investors@tarc.in 011 41244311 Disclaimer:this presentation contains certain forward-looking statements concerning tarc’s future business prospects and business profitability, which are subject to several risks an