Re-appointment of Internal Auditor and Cost Auditor
TARC · price
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TARC Limited's Board of Directors approved the re-appointment of M/s Kirtane & Pandit LLP as Internal Auditor and M/s Bahadur Murao & Co. as Cost Auditor for the financial year 2026-27. The board meeting held on May 29, 2026 also approved the audited standalone and consolidated financial results for Q4 and FY2026. Consolidated results showed total income of Rs 67,174.47 lakhs with net profit of Rs 1,903.09 lakhs for FY2026, compared to a net loss of Rs 23,728.85 lakhs in FY2025. Standalone results reported net loss of Rs 16,564.77 lakhs for FY2026. Both auditors had conducted audits for the previous year and are being reappointed for continuity, which is a standard governance practice.
The re-appointment of existing auditors indicates continuity in audit functions and no concerns from the audit committee. The financial results show significant improvement in consolidated profitability year-on-year. Routine auditor reappointments have neutral impact on stock price, though the improved financial performance may be positively received by investors.