Annual Secretarial Compliance Report for the financial year ended March 31, 2026
TARC · price
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Tarc Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26 under SEBI Regulation 24A. The report reveals one violation: some designated persons engaged in Contra Trade and Trading during the Trading Window Closure period in violation of SEBI (Prohibition of Insider Trading) Regulations, 2015. The Board of Directors imposed fines on these individuals, with the amount to be remitted to SEBI's Investor Protection and Education Fund. Additionally, SEBI had issued an administrative warning letter to the Independent Director and Audit Committee member regarding non-compliance with Regulation 18(3) of SEBI (LODR). The company has also cleared a previous fine of Rs 10,000 plus GST paid to BSE for delayed submission of Record Date notice in FY 2024-25. All other compliance areas including Secretarial Standards, policies, website maintenance, and related party transactions were found satisfactory.
The insider trading violations and regulatory warnings indicate governance gaps, particularly at the board level. While the fines are minor and have been addressed, repeated non-compliance issues could attract closer regulatory scrutiny and may concern risk-aware investors.