TARC Limited has announced the resignation of its statutory auditor, Doogar & Associates, from its material subsidiary, TARC Projects Limited. The resignation is effective from the financial year 2026-27. The company has provided the required disclosures regarding the auditor’s resignation in accordance with SEBI regulations, citing the auditor’s need to align their position as a group auditor.
Auditor Resignation at TARC Projects Limited
TARC Limited has officially notified regulatory bodies, including the BSE Limited and the National Stock Exchange of India Limited, regarding the resignation of its statutory auditor for a key subsidiary. Doogar & Associates, Chartered Accountants, has tendered their resignation as the statutory auditors of TARC Projects Limited, which is identified as a material subsidiary of TARC Limited.
Reason for Resignation
The resignation is stated to be effective from the commencement of the financial year 2026-27. According to the provided documentation, the decision stems from the auditor’s tenure as the statutory auditor of the holding company, TARC Limited, which is set to conclude at the forthcoming annual general meeting. To align their group auditor position, Doogar & Associates will not continue as the statutory auditor for the subsidiary.
Regulatory Compliance
TARC Limited has submitted the necessary disclosures as mandated by Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Copies of the resignation letter from Doogar & Associates, along with the required format for information to be obtained from the statutory auditor upon resignation, have been enclosed as Annexure A and Annexure B respectively. These documents detail the auditor’s appointment date, the scheduled expiry of their term, and confirm the absence of any concerns or issues that led to the resignation, other than those stated.
The Company Secretary of TARC Limited, Amit Narayan, has signed the formal intimation, dated August 13, 2026.
Source: BSE
