TARC Limited has announced the completion of Mr. Ambarish Chatterjee’s second and final term as an Independent Director, effective November 9, 2026. The company expressed sincere appreciation for his contributions. Following this, the Board of Directors has approved the reconstitution of several key committees, including the Audit Committee, Stakeholders Relationship Committee, Nomination & Remuneration Committee, Risk Management Committee, Corporate Social Responsibility Committee, and Management and Operations Committee. These changes are effective from November 10, 2026.
Director Tenure Concludes
TARC Limited announced that Mr. Ambarish Chatterjee’s tenure as an Independent Director has concluded. His second and final term officially ended on November 9, 2026, at the close of business hours. Consequently, he has also stepped down as the Chairperson and/or Member of the respective Board committees he was part of. The Board of Directors extended its sincere appreciation for Mr. Chatterjee’s invaluable guidance and significant contributions during his association with the company.
Board Committees Reconstituted
In light of Mr. Chatterjee’s departure, TARC Limited’s Board of Directors, through circular resolutions dated November 6, 2026, approved the reconstitution of several key board committees. These changes are effective from November 10, 2026. The committees affected by this reconstitution include:
- Audit Committee
- Stakeholders Relationship Committee
- Nomination & Remuneration Committee
- Risk Management Committee
- Corporate Social Responsibility Committee
- Management and Operations Committee
The details of the members and their designations within these reconstituted committees are provided in the enclosed Annexure B.
Source: BSE
