Tarmat Limited Approves Key Management and Audit Appointments, Releases Q1 FY27 Results
Tarmat Limited, a company operating in sectors including real estate, infrastructure, and railways, announced several key outcomes following its Board meeting held on August 14, 2026. The board approved the re-appointment of critical senior management personnel and appointed new statutory and internal auditors. The company also released its un-audited standalone and consolidated financial results for the quarter ended June 30, 2026.Key appointments made by the Board of Directors include:
- Mr. Dilip Varghese: Re-appointed as Managing Director for a three-year period, effective August 14, 2026, subject to shareholder approval.
- Mr. Amit Shah: Re-appointed as Executive Director for three years, effective October 01, 2026, subject to shareholder approval.
- Mr. Krishan Kumar Kinra (DIN: 03412973): Re-appointed as an Independent Director for a second term of five years, not liable to retire by rotation, up to the conclusion of the 45th Annual General Meeting (AGM).
The Board also approved several re-appointments under the recommendation of the Audit Committee:
| Particular | Appointee | Role | Tenure / Term Details |
|---|---|---|---|
| Statutory Auditor | M/s. Hegde & Associates, Chartered Accountants (FRN: 103610W) | Statutory Auditors | Second 5-year term, subject to shareholder approval at the next AGM. |
| Internal Auditor | M/s. Yagnesh Gandhi & Co., Chartered Accountants (Reg No. 133711W) | Internal Auditor | Financial year 2026-27. |
| Cost Auditor | Mr. Satish R. Shah, Cost Accountant | Cost Auditor | Financial year 2026-27. |
Operational Updates and AGM Details
The Board of Directors confirmed that the company intends to proceed with the development of Residential and Commercial properties.Details regarding the upcoming 41st Annual General Meeting (AGM) were finalized, which is scheduled for Wednesday, September 30, 2026, at 02:00 p.m. The AGM will be held via Video Conferencing or other audio-visual means, and the company's registered office in Malad (East), Mumbai, is designated as the meeting venue.
Key dates for the upcoming AGM include:
- E-voting Cut-off Date: Thursday, September 24, 2026.
- Remote E-voting period: The facility will start on Saturday, September 26, 2026, at 9:00 A.M., and conclude on Tuesday, September 29, 2026, at 5:00 P.M.
Financial Performance Highlights (Q ended June 30, 2026)
The company presented its Unaudited Consolidated and Standalone financial results for the quarter ended June 30, 2026, alongside Limited Review Reports from statutory auditors. The operational figures are summarized in lakh rupees (Rs. In. Lakhs).Consolidated Statement of Financial Results:
| Particulars | Qtr Ended 30.06.2026 | Qtr Ended 30.06.2025 | Qtr Ended 31.03.2026 (Audited) | Q Year Ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 3,587 | 499 | 4,245 | 11,737 |
| Total Revenue | 1,404.30 | 1,686.5 | ||
| Cost of materials consumed | 1,409.71 | 1,640.3 | 4,662.1 | |
| Profit before Tax |
Standalone Statement of Financial Results:
| Particulars | Qtr Ended 30.06.2026 | Qtr Ended 30.06.2025 | Qtr Ended 31.03.2026 (Audited) | Year Ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 24 | 4,246.00 | 11,737.36 | 123.89 |
| Total Revenue (I + II) | 4,284.93 | 11,861.25 | ||
| Cost of materials consumed | 2 | 3 | 1,686.51 | 4,542.37 |
The company also provided a Limited Review report on the Unaudited Consolidated financial results for the quarter ended June 30, 2026 and year to date results from April 01, 2026, noting that due to non-availability of financial information from Backbone Tarmat Alfaraa (JV), the company was unable to determine the impact of this lack of compliance on its profit earnings per share for the quarter.
TARMAT Stock Price Movement
Tarmat Limited shed 8.44% of its value in post-market trading today, settling at ₹58.70. Total traded volume for the stock stood at 613,433 shares 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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