TARC Limited’s Board of Directors convened on August 11, 2026, approving the unaudited financial results for the quarter ended June 30, 2026. The board also recommended the appointment of M/s Singhi & Co. as the new statutory auditor for a five-year term, subject to shareholder approval. Other key decisions included approving revised remuneration for the Managing Director and the re-appointment of a Whole Time Director.
TARC Limited Board Meeting Highlights: Q1 FY27 Results and Auditor Appointment
On August 11, 2026, the Board of Directors of TARC Limited met to discuss and approve significant corporate matters, including the company’s financial performance for the first quarter of the fiscal year 2027.
Unaudited Financial Results Approved
The Board approved the unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. These results, along with the limited review reports from the Statutory Auditor, were submitted for regulatory compliance. Copies of these financial statements and associated disclosures have been provided as Annexure A.
New Statutory Auditor Recommended
In a key governance decision, the Board approved and recommended the appointment of M/s Singhi & Co., Chartered Accountants, as the Statutory Auditor of the Company. This appointment is proposed to be for a term of five consecutive years, commencing from the conclusion of the 10th Annual General Meeting up to the conclusion of the 15th Annual General Meeting. This recommendation is contingent upon the approval of the Shareholders at the upcoming 10th Annual General Meeting. The details regarding this appointment are outlined in Annexure B.
Director Appointments and Remuneration
The Board also approved and recommended the continuation of Mr. Anil Sarin as a Non-Executive Non-Independent Director, subject to shareholder approval, upon his attaining the age of 75 years on December 1, 2026. Furthermore, the Board 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. The re-appointment of Mrs. Muskaan Sarin as Whole Time Director & Chief Brand Officer for a term of three consecutive years, commencing September 29, 2026, was also approved and recommended. Details concerning these director-related matters are provided in Annexure C.
Debenture Trust Deed Amendments and Acquisition
Amendments to the Redemption Schedule of the Debenture Trust Deed for the Company’s Non-convertible Debentures were approved. Additionally, the Board approved the acquisition of 25,000 equity shares in Niblic Greens Hospitality Private Limited, representing the remaining 50% equity stake, for a consideration of Rs 55 Lacs. Upon completion, Niblic Greens Hospitality Private Limited will become a wholly owned subsidiary of TARC Limited. Further details on this acquisition are in Annexure D.
Annual General Meeting Scheduled
The notice for the 10th Annual General Meeting (AGM) of the Company, scheduled for Saturday, September 19, 2026, at 11:00 A.M. IST, via Video Conferencing, was approved. The Annual Report for the financial year 2025-26 and the Notice of AGM will be sent electronically to members.
The Board meeting commenced at 15:30 Hrs and concluded at 17:00 Hrs.
Source: BSE
