TARC Limited Approves Strategic Acquisition and Reviews Financial Results for Q1 FY2026
TARC Limited announced significant governance outcomes following its Board meeting on August 11, 2026. The company approved a strategic acquisition in the hospitality sector and reviewed both standalone and consolidated financial results for the quarter ended June 30, 2026. The Board also made key approvals regarding director appointments and executive remuneration, all subject to shareholder approval at the upcoming Annual General Meeting.Strategic Acquisition of Hospitality Stake
The Board approved the acquisition of a controlling stake in Niblic Greens Hospitality Private Limited. TARC will acquire 25,000 equity shares, which represents the remaining 50% equity stake in the company. The total consideration for this acquisition is Rs 55 Lacs.Niblic Greens Hospitality Private Limited operates in the tourism and accommodation sector. Upon the completion of the acquisition, Niblic Greens Hospitality Private Limited will become a wholly owned subsidiary of TARC. The indicative time period for completing this acquisition was set for on or before March 31, 2027.
Governance Updates and Director Appointments
The Board meeting addressed several crucial governance matters, including:- Auditor Appointment: The appointment of M/s Singhi & Co., Chartered Accountants (Firm Registration No. 302049E), as the Statutory Auditor of the Company was approved and recommended for a tenure of five consecutive years, subject to shareholder approval at the ensuing Tenth Annual General Meeting. This decision follows the noted completion of the tenure of M/s Doogar & Associates.
- Executive Appointments: The re-appointment of Mrs. Muskaan Sarin (DIN:01871183) as Whole Time Director and Chief Brand Officer was approved and recommended for a term of three consecutive years, commencing from September 29, 2026, up to September 28, 2029, subject to shareholder approval.
- Director Continuation: The continuation of Mr. Anil Sarin (DIN: 00016152) as Non-Executive Non-independent Director was approved and recommended until December 1, 2026, pending shareholder approval at the Tenth Annual General Meeting.
- Remuneration Revision: The revision in the remuneration of Mr. Amar Sarin (DIN: 00015937) as Managing Director and Chief Executive Officer was approved and recommended for the period commencing from October 1, 2026, to September 30, 2029, subject to shareholder approval.
- Financial Instrument Amendments: The Board also approved amendments to the Redemption Schedule of the Debenture Trust Deed in respect to the Company's Non-convertible Debentures (ISIN INE0EK907050).
Financial Results for Quarter Ended June 30, 2026
The Board approved the un-audited financial results, and the Statutory Auditor issued an unmodified limited review report on these results. The Company operates in a single business segment: Real estate.Consolidated Unaudited Financial Results (Q ended June 30, 2026)
(Figures are in Lakhs share)
| Particular | Consolidated (30Jun-26) | Consolidated (Quarter Ended 30-Jun-25) | Consolidated (31-Mar-26) | Consolidated (Year Ended 31-Mar-26) |
|---|---|---|---|---|
| Revenue from operations | 21,71,2.59 | 7,549.48 | 20,869.84 | 32,944.07 |
| Other income (a+b) | 158.46 | 21,477.0 | 9,737.78 | 34,194.34 |
| Total income | 21,635.46 | 27,947.13 | 30,607.62 | 67,138.41 |
| Profit/(loss) after tax | 1,759.47 | 209.53 | 3,160.62 | 79,673.34 |
| Total comprehensive income/(loss) attributable to Equity holders of the parent | 2,264.57 | (763.75) | 9.08 | 6,09 |
Standalone Unaudited Financial Results (Q ended June 30, 2026)
(Figures are in Lakhs share)
| Particular | Standalone (30Jun-26) | Standalone (30-Jun-25) | Standalone (31-Mar-26) | Standalone (31-Nlar-26) |
|---|---|---|---|---|
| Revenue from operations | 1,059.00 | - | 187.80 | 3,568.86 |
| Other income | 1.71.21 | 105.14 | 440.46 | 977.82 |
| Total income (a+b) | 1,260.21 | 117.51 | 628.26 | 4,546.68 |
| Profit/(loss) for the period/year | (2,446.96) | (13,743.52) | (328.74) | 16,564.78 |
Key financial indicators for the quarter ended June 30, 2026, show that the company's Net Worth was 1,07,072.57 and the Debt Equity Ratio stood at 0.73.
TARC Stock Price Movement
TARC Limited shares today slipped by 1.06% to settle at ₹128.98 after trading in the closed market. The stock recorded a decline of ₹1.39 from its previous close, with 501,810 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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