TARC Limited Board Approves Q1 FY27 Results, Auditor Appointment, and Key Management Changes
TARC Limited's Board approved Q1 FY27 unaudited results. M/s Singhi & Co. appointed as Statutory Auditor for five years. Mr. Anil Sarin to continue as Director, Mr. Amar Sarin's remuneration revised, and Mrs. Muskaan Sarin re-appointed as Whole Time Director. The company also acquired 50% stake in Niblic Greens Hospitality for ₹55 Lakhs.
The appointment of a new auditor, changes in key management remuneration and re-appointment, and a strategic acquisition are significant events that can materially impact the company's operations, governance, and future prospects.
The announcement details positive corporate actions including the approval of financial results, appointment of a new auditor, continuation/re-appointment of key management personnel, and a strategic acquisition.
TARC Limited announced the outcome of its Board Meeting held on August 11, 2026. The Board approved the un-audited financial results (standalone and consolidated) for the quarter ended June 30, 2026, along with the limited review reports.
Key decisions included the approval and recommendation of M/s Singhi & Co. as the new Statutory Auditor for a term of five years, subject to shareholder approval at the 10th Annual General Meeting (AGM). The Board also approved the continuation of Mr. Anil Sarin as Non-Executive Non-Independent Director and recommended the revision in remuneration for Mr. Amar Sarin as Managing Director & CEO for the period October 1, 2026, to September 30, 2029. Furthermore, Mrs. Muskaan Sarin was re-appointed as Whole Time Director & Chief Brand Officer for three years from September 29, 2026.
The Board noted the completion of tenure for the current Statutory Auditor, M/s Doogar & Associates. Amendments to the Redemption Schedule of Non-convertible Debentures (ISIN INE0EK907050) were approved. Additionally, TARC Limited approved 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 has been scheduled for Saturday, September 19, 2026, at 11:00 AM IST, to be conducted via 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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