TARC Limited Board Approves Q1 FY27 Results, Appoints New Auditor, and Recommends Director Re-appointments
TARC Limited reported its Q1 FY27 results. The Board approved the appointment of M/s Singhi & Co. as Statutory Auditor for five years and recommended the continuation of Mr. Anil Sarin as Director. It also approved revisions to MD & CEO remuneration and re-appointment of Mrs. Muskaan Sarin. The company will acquire 50% stake in Niblic Greens Hospitality for ₹55 Lakhs.
The appointment of a new statutory auditor, re-appointments of key personnel including the MD & CEO's remuneration revision, and a strategic acquisition have a significant impact on the company's governance, operations, and future outlook.
The announcement includes the approval of financial results, appointment of a new auditor, re-appointment of directors, and a strategic acquisition, all of which are positive developments for the company.
TARC Limited announced the outcome of its Board meeting held on August 11, 2026. The Board approved the unaudited financial results for the quarter ended June 30, 2026, both standalone and consolidated, along with the limited review reports from the statutory auditors.
The Board recommended the appointment of M/s Singhi & Co. as the new Statutory Auditor for a term of five years, replacing M/s Doogar & Associates whose tenure concludes at the upcoming 10th Annual General Meeting (AGM). Shareholders will vote on this appointment at the AGM scheduled for September 19, 2026.
Furthermore, the Board approved and recommended the continuation of Mr. Anil Sarin as a Non-Executive Non-Independent Director upon attaining the age of 75, and the re-appointment of Mrs. Muskaan Sarin as Whole-Time Director & Chief Brand Officer for a three-year term. The Board also approved revisions in the remuneration of Mr. Amar Sarin, Managing Director & CEO, for the period October 1, 2026, to September 30, 2029.
In other significant decisions, the company approved amendments to the redemption schedule for its Non-convertible Debentures and the acquisition of the remaining 50% equity stake in Niblic Greens Hospitality Private Limited for ₹55 Lakhs, making it a wholly-owned subsidiary.
The 10th AGM of the company will be convened on Saturday, September 19, 2026, at 11:00 AM IST, through Video Conferencing/Other Audio Visual Means. The Board meeting commenced at 3:30 PM and concluded at 5:00 PM.
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TARC Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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