TARC Limited has announced the approval of its unaudited financial results for the quarter ended June 30, 2026. The Board also approved several key decisions, including the appointment of M/s Singhi & Co. as Statutory Auditors, the continuation of Mr. Anil Sarin as Non-Executive Non-Independent Director, and revised remuneration for Mr. Amar Sarin. Additionally, the company approved the acquisition of a 50% stake in Niblic Greens Hospitality Private Limited, set to make it a wholly-owned subsidiary.
Unaudited Financial Results Approved
TARC Limited’s Board of Directors, in its meeting held on August 11, 2026, has officially approved the unaudited financial results (standalone and consolidated) for the quarter ending June 30, 2026. The board also took note of the limited review reports issued by the Statutory Auditor.
Key Appointments and Governance Changes
The board has recommended the appointment of M/s Singhi & Co. as the Statutory Auditor for a term of five consecutive years, subject to shareholder approval. In a significant governance decision, the continuation of Mr. Anil Sarin as Non-Executive Non-Independent Director was approved, pending shareholder consent, upon his attainment of the age of 75 years.
Further, the board has approved and recommended the revision in remuneration for Mr. Amar Sarin as Managing Director & Chief Executive Officer for the period from October 1, 2026, to September 30, 2029. Additionally, Mrs. Muskaan Sarin‘s re-appointment as Whole Time Director & Chief Brand Officer for a term of three years, commencing September 29, 2026, was also approved, subject to shareholder ratification.
The tenure completion of the current Statutory Auditor, M/s Doogar & Associates, at the conclusion of the upcoming 10th Annual General Meeting was also noted.
Strategic Acquisition and Debenture Amendments
In a strategic move to expand its operations, TARC Limited has approved the acquisition of 25,000 equity shares, representing the remaining 50% equity stake in Niblic Greens Hospitality Private Limited, for a consideration of Rs 55 Lacs. Upon completion, Niblic Greens Hospitality Private Limited will become a wholly-owned subsidiary of TARC Limited.
The company also approved amendments to the Redemption Schedule of its Non-convertible Debentures, impacting the revised redemption amounts for maturities from March 31, 2026, through March 31, 2030. The redemption amount for March 31, 2030, has been revised to Rs 444,71,27,112 from Rs 442,24,48,000.
Annual General Meeting Notice
The notice for the 10th Annual General Meeting of the Company, scheduled for Saturday, September 19, 2026, at 11:00 A.M. (IST), has been approved. The meeting will be conducted via Video Conferencing/Other Audio Visual Means. The Annual Report and Notice of AGM for the financial year 2025-26 will be sent electronically to all members.
Source: BSE
