TARC Limited has informed the Exchange about Action(s) initiated or orders passed
TARC · price
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Enforcement Directorate (ED) officials conducted a search at TARC Limited's premises, promoters' offices, and officers' locations on April 21, 2025. The search was primarily focused on the pre-demerged entity for a transaction that occurred before 2020. Since the company was part of that pre-demerged entity, its premises were also visited. The company's officers fully cooperated and provided all necessary information, documents, and clarifications as requested by ED. TARC has stated that this search was not material to the company and has no impact on its operations or financial position. No violations or contraventions have been specified.
While the ED search relates to historical transactions prior to 2020, the regulatory scrutiny could raise investor concerns about potential undisclosed liabilities or governance issues, despite the company's assurance of no operational impact.