TARC Limited’s Board of Directors convened on August 11, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The meeting also saw the recommendation of M/s Singhi & Co. as the new Statutory Auditor for a five-year term and the re-appointment of Mr. Anil Sarin and Mrs. Muskaan Sarin as directors, subject to shareholder approval. Additionally, the board approved the acquisition of a 50% stake in Niblic Greens Hospitality Private Limited, making it a wholly owned subsidiary.
Board Meeting Highlights
TARC Limited announced that its Board of Directors, at a meeting held on August 11, 2026, approved the unaudited financial results (Standalone and Consolidated) for the quarter ending June 30, 2026. The board also reviewed the limited review reports issued by the statutory auditor.
Key Appointments and Approvals
Statutory Auditor Appointment
The Board approved and recommended the appointment of M/s Singhi & Co., Chartered Accountants, as the Statutory Auditor. This appointment is for a term of five consecutive years, commencing from the conclusion of the 10th Annual General Meeting until the conclusion of the 15th Annual General Meeting, subject to shareholder approval.
Director Re-appointments
The continuation of Mr. Anil Sarin as Non-Executive Non-Independent Director, upon attaining the age of 75 years, was approved. Furthermore, the re-appointment of Mrs. Muskaan Sarin as Whole Time Director & Chief Brand Officer for a term of three consecutive years was also recommended. Both re-appointments are subject to shareholder approval at the upcoming 10th Annual General Meeting.
The company also affirmed that neither Mr. Anil Sarin nor Mrs. Muskaan Sarin is debarred from holding the office of director by any SEBI order or statutory authority.
Remuneration Revision
The revision in remuneration for Mr. Amar Sarin, Managing Director & Chief Executive Officer, for the period from October 1, 2026, to September 30, 2029, was approved, pending shareholder consent.
Completion of Auditor Tenure
The board noted the completion of tenure of M/s Doogar & Associates as the Statutory Auditor at the conclusion of the upcoming 10th Annual General Meeting.
Debenture Trust Deed Amendments
Amendments to the Redemption Schedule of the company’s Non-convertible Debentures were approved. The table below details the revised redemption amounts:
| Scheduled Redemption Date | Existing Redemption Amount (INR) | Revised Redemption Amount (INR) |
|---|---|---|
| 31 March 2026 | 44,08,38,323 | 44,08,38,323 |
| 31 March 2027 | 66,12,57,485 | 66,12,57,485 |
| 31 March 2028 | 66,12,04,692 | 66,12,04,692 |
| 31 March 2029 | 66,12,24,000 | 66,12,24,000 |
| 31 March 2030 | 442,24,48,000 | 444,71,27,112 |
Acquisition of Niblic Greens Hospitality
TARC Limited approved the acquisition of 25,000 equity shares in Niblic Greens Hospitality Private Limited, representing the remaining 50% equity stake, for an aggregate consideration of Rs 55 Lacs. Upon completion, Niblic Greens Hospitality Private Limited will become a wholly owned subsidiary.
10th Annual General Meeting
The notice convening the 10th Annual General Meeting was approved. The meeting is scheduled for Saturday, September 19, 2026, at 11:00 A.M. (IST), and will be conducted through Video Conferencing/Other Audio Visual Means. The Annual Report for the financial year 2025-26 will be sent to members electronically.
Financial Results Overview
The unaudited consolidated financial results for the quarter ended June 30, 2026, show a Net Profit of ₹2,264.57 Lakhs. The total comprehensive income stood at ₹2,260.26 Lakhs.
On a standalone basis, the company reported a Net Profit of ₹(2,446.96) Lakhs for the quarter ended June 30, 2026, with total comprehensive loss of ₹(2,458.32) Lakhs.
Source: BSE
