TARC Limited has informed the Exchange regarding 'Intimation of AGM'.
TARC · price
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TARC Limited's board approved its unaudited Q1 FY26 results (quarter ended June 30, 2025). On a consolidated basis, revenue from operations jumped to Rs 7,589.48 lakhs from Rs 821.48 lakhs a year ago, while other income surged to Rs 27,947.73 lakhs (driven by Rs 6,984.33 lakhs of enhanced compensation and Rs 21,710.19 lakhs of interest from subsidiary TARC Projects for earlier land acquisition). Consolidated profit after tax swung from a loss of Rs 3,067.71 lakhs in Q1 FY25 to a profit of Rs 5,421.41 lakhs, including exceptional items of Rs 3,519.17 lakhs. On a standalone basis, the company posted a loss of Rs 13,743.52 lakhs (vs a profit of Rs 611.34 lakhs), largely due to impairment and write-offs of Rs 11,426.55 lakhs. The board also approved re-appointment of Mr. Amar Sarin as MD & CEO (5 years) and Mr. Miyar Ramanath Nayak as Independent Director (5 years), redesignation of Mrs. Muskaan Sarin as Whole-Time Director & Chief Brand Officer, and appointment of a new Secretarial Auditor for 5 years. The 9th AGM is scheduled for September 25, 2025 via video conferencing.
Consolidated results turned profitable on the back of one-time land compensation and interest from a subsidiary, which may not be recurring. The deep standalone loss and Rs 11,426+ lakhs of impairment/write-offs flag asset-quality concerns for shareholders. Debt levels remain elevated (debt-equity of 0.77 standalone), but the long-tenure re-appointments of the MD/CEO and auditor suggest continuity in strategy.