TARC Limited — Others, 17-12-2024: Initiation of Forensic Audit

TARC has announced a board meeting to discuss the appointment of a forensic auditor for its financial statements from FY 2020-21 to 2022-23, as directed by the Securities and Exchange Board of India. The company is committed to providing full cooperation during this review, pledging to maintain transparency and integrity throughout the process. Management emphasizes that this audit will not disrupt operational objectives or financial performance and is seen as an opportunity to bolster shareholder trust and governance standards. This proactive approach may foster a positive outlook among investors regarding the firm's commitment to accountability and growth.