TARC Ltd., a prominent real estate developer, has committed to fully cooperating with the Securities and Exchange Board of India (SEBI) as the regulator initiates a financial audit of the company. Amar Sarin, the Managing Director and CEO of TARC, reassured stakeholders of the company’s operational resilience and financial stability, emphasizing that the ongoing forensic audit would not disrupt its strategic plans or operations.
In a statement, Sarin said, “Together as a team, we continue to build on the values that define TARC’s journey while extending our full cooperation to SEBI and the forensic auditors.” The company expressed confidence that its financial foundation remains robust, even as it undergoes the scrutiny of SEBI’s audit. Despite the financial audit, TARC remains optimistic about its future. The company is focused on the ongoing development and launch of luxury residential projects across prime locations in Delhi and Gurugram. With a growing demand for luxury housing in these regions, TARC believes it is well-positioned to capitalize on emerging opportunities, leveraging its strong project pipeline.
TARC’s ability to execute projects efficiently and deliver on time has allowed it to maintain strong cash flows from ongoing and upcoming developments. This financial strength, combined with strategic project execution, will help the company weather any challenges posed by the audit and continue on its path to growth. As TARC continues to focus on its expansion in the luxury real estate sector, its commitment to transparency and full cooperation with SEBI underscores its dedication to maintaining the trust of investors, partners, and stakeholders.
