TARC Limited has informed the Exchange about administrative warning letter issued by SEBI to the Independent Director and Audit Committee member.
TARC · price
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TARC Limited has disclosed that SEBI has issued an administrative warning letter to one of its Independent Directors who is also a member of the Audit Committee. The warning relates to non-compliance with Regulation 18(3) read with clauses A(1) and (4) under Part C of Schedule II of the SEBI (LODR) Regulations, 2015, which govern the functioning of audit committees. This action stems from a SEBI investigation in the matter of the Company, which was previously disclosed to the stock exchanges via a letter dated December 17, 2024. The Company received information about the warning on June 4, 2025, and has stated there is no impact on its financial, operational, or other activities.
This is a mild regulatory action limited to an administrative warning against an individual director, with no monetary penalty or direct impact on the company. Shareholders should monitor whether this leads to further escalation, but near-term business operations remain unaffected.