TARC Ltd has strengthened its leadership team with the appointment of three senior executives effective July 2026. The Board of Directors approved the appointments through circular resolutions passed on July 9, 2026, based on the recommendations of the Nomination and Remuneration Committee. Consequently, these individuals have been designated as Senior Management Personnel under Regulation 16(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointments and Designations

The company appointed Mr. Mridul Srivastava as Chief Human Resources Officer (CHRO) and Mr. Ankush Kaul as Chief Business Officer (CBO), both effective July 9, 2026. Additionally, Mr. Ajay Gupta was appointed as Chief Development Officer (CDO) effective July 16, 2026. All three executives have been engaged on a full-time basis as per the company's policy.

Executive Profiles

The new appointees bring extensive industry experience to their roles. Mr. Srivastava has over 23 years of experience in enterprise transformation, specializing in organizational design and AI-enabled workforce transformation. His career spans sectors such as BFSI, Technology, Telecom, Hospitality, and Real Estate, with previous leadership roles at Shyam Group, Hero FinCorp, Religare, and DLF Homes. He holds an Executive Diploma in HRM from XLRI Jamshedpur.

Mr. Kaul is a seasoned sales leader with over 25 years of experience across services and products sectors. He has held leadership positions at DLF, Central Park, and Tribeca. His expertise includes sales strategy, business growth, and revenue expansion. He completed his MBA from IMT, Ghaziabad.

Mr. Gupta brings over 36 years of experience in business development and real estate. He has held senior roles at L&T, Godrej Properties, NCC Limited, Krisumi Corporation, and Kalpataru Projects. His specialization covers real estate development, project execution, and strategic planning. He is an Associate Member of the Institution of Engineers.

TARC has reported a robust operational performance for the quarter ended June 30, 2026, with presales surging to ₹602 crore, a 300% year-on-year increase. The company also recorded collections of ₹305 crore, marking an 80% YoY growth, driven by solid customer conversions and collection efficiency. This strong start to FY27 reflects tenacious demand across its luxury residential portfolio and disciplined execution.

Q1 FY27 Financial Highlights

The following table summarizes TARC's key performance metrics for Q1 FY27:

Strong Presales Growth Signals Operational Momentum

The 300% year-over-year jump in presales to ₹602 crore marks a defining quarter for TARC, indicating a substantial acceleration in its residential real estate business. Presales, a key indicator of future revenue recognition in the real estate sector, reflect the value of units booked during the period. The sharp rise suggests heightened buyer interest and improved project offtake compared to Q1 FY26.

Alongside presales, the 80% growth in collections to ₹305 crore underscores the company's ability to generate cash flow. Collections represent actual funds received from customers against booked units. The concurrent improvement in both presales and collections points to a well-rounded operational performance for the quarter.

Management Commentary

Amar Sarin, Managing Director & CEO of TARC Limited, stated that the company has commenced FY2027 on a strong note, with excellent sales momentum and collections reflecting strong demand for differentiated luxury residences. He emphasized the company's focus on execution excellence, customer experience, and disciplined capital allocation, while advancing its next phase of luxury and ultra-luxury developments.

Key Takeaways

• Presales for Q1 FY27 stood at ₹602 crore, up 300% year-over-year.
• Collections reached ₹305 crore, growing 80% YoY.
• Performance reflects strong demand momentum in TARC's project portfolio.