TARC Limited Announces Outcome of Board Meeting and Key Governance Changes

Strategic Insights -

TARC Limited, a leading company in India, has announced the outcome of its Board meeting held on August 12, 2025. The Board considered and approved several key governance changes, including the re-appointment of two directors, the redesignation of a director, and the appointment of a secretarial auditor. The company also announced the convening of its 9th Annual General Meeting (AGM) through video conferencing on September 25, 2025.

Key Takeaways:

  • The Board re-appointed Mr. Miyar Ramanath Nayak as Independent Director for a second term of 5 consecutive years, commencing from January 21, 2026, to January 20, 2031.
  • The Board re-appointed Mr. Amar Sarin as Managing Director & Chief Executive Officer for another term of 5 consecutive years, commencing from December 28, 2025, to December 27, 2030.
  • The Board redesignated Mrs. Muskaan Sarin as Whole Time Director & Chief Brand Officer for the period commencing from August 12, 2025, to September 28, 2026.
  • The Board appointed IV Mritunjay Shekhar & Associates, Company Secretaries, as Secretarial Auditor for a period of 5 consecutive years, commencing from financial year 2025-26 till financial year 2029-30.
  • The company will convene its 9th AGM through video conferencing on September 25, 2025, and the notice will be sent only through electronic mode to members and beneficial owners.

Statistics:

  • The Board meeting was held on August 12, 2025.
  • The re-appointment of Mr. Miyar Ramanath Nayak will be for a second term of 5 consecutive years.
  • The re-appointment of Mr. Amar Sarin will be for a second term of 5 consecutive years.
  • The redesignation of Mrs. Muskaan Sarin will be for a period of 15 months.
  • The appointment of IV Mritunjay Shekhar & Associates will be for a period of 5 consecutive years.
  • The 9th AGM will be convened on September 25, 2025, through video conferencing.

Sources:

  • National Stock Exchange of India [www.nseindia.com, NT: NSE/NK/SEONSVEJ/2025/9501]
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Ministry of Corporate Affairs and the Securities and Exchange Board of India.