TARC Limited has announced a leadership transition on its board, signaling a strategic refresh in governance. The company disclosed that the second and final term of appointment of Ambarish Chatterjee as an Independent Director is scheduled to conclude with effect from the close of business hours on November 9, 2026. On that date, he will cease to be Independent Director and will also step down as chairperson or member of the respective Board committees. The board has expressed sincere appreciation for Mr. Chatterjee’s guidance and contributions during his distinguished tenure, underscoring the value of his steady stewardship in shaping the company’s governance framework.
In parallel, the Board approved a comprehensive reconstitution of its committees, effective November 10, 2026, following the completion of Mr. Chatterjee’s tenure. The governance overhaul covers the Audit Committee, Stakeholders Relationship Committee, Nomination & Remuneration Committee, Risk Management Committee, Corporate Social Responsibility Committee, and the Management and Operations Committee. The changes, laid out in the accompanying annexures, position a refreshed mix of non-executive and executive leadership across committees, with named directors assuming chairperson and member roles according to the new structure.
The revised committee configuration highlights the company’s ongoing emphasis on oversight, accountability, and strategic guidance as it navigates its next phase of growth. Notably, independent and executive directors will be collaborating more closely in key governance forums, including the leadership of the Nomination & Remuneration Committee and the Audit and Stakeholders Relationship panels. The moves reflect TARC Limited’s intent to strengthen oversight, balance, and governance cadence as it advances its strategic agenda under a renewed leadership framework.
For clarity, the names of the directors mentioned in the committee reconstitution include independent and non-independent non-executive directors as well as executive directors, illustrating a blended board dynamic intended to bolster governance depth and operational alignment across the organization.