Terraform Magnum Limited returned to profitability in the financial year ended March 31, 2026, posting a net profit of ₹4.16 lakh compared to a net loss of ₹8.54 lakh in the previous year. The turnaround was driven entirely by other income, which surged to ₹11.16 lakh from ₹0.18 lakh in FY25, as revenue from operations remained nil. Despite the profit, the company's net worth remains negative at ₹1,826.63 lakh as of March 31, 2026, which statutory auditors M/s. J.D. Zatakia & Company flagged as a material uncertainty regarding its status as a going concern.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 26, 2026. The auditors issued an unmodified opinion on the financial statements but emphasized that the results were prepared on a going concern basis based on management's projections of future cash flows and business prospects. The company continues to face significant uncertainties regarding a property in Kandivali (East), where revenue recognition has been deferred under Ind AS 115 due to ongoing litigation and disputes over contractual obligations before the Hon'ble Bombay High Court.

Financial Performance

The company’s total income for FY26 stood at ₹11.16 lakh, a significant increase from ₹0.18 lakh in the prior year. Total expenses decreased to ₹6.99 lakh from ₹8.72 lakh in FY25. Earnings per share (EPS) for the year improved to ₹1.73 from a loss of ₹3.56 per share in the previous year. For the quarter ended March 31, 2026, the company recorded a net profit of ₹9.58 lakh.

Key Disclosures

The financial statements were prepared on a going concern basis, supported by internal assessments of business prospects, despite the negative net worth. The company has deferred revenue recognition for a property in Kandivali (East) due to ongoing disputes and litigation concerning title and ownership rights. The trading window for dealing in the company's equity shares remains closed for directors, employees, and promoters until 48 hours after the declaration of these financial results.

Terraform magnum Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI's depositories framework for the quarter ended March 31, 2026. The filing demonstrates the company's continued adherence to securities market regulations.

Regulatory Compliance Filing

The company filed its compliance certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. This regulation mandates periodic reporting on the dematerialization process of physical share certificates.

Certificate Particulars

Satellite Corporate Services Pvt. Ltd., serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate dated April 06, 2026. The certificate confirms compliance with regulatory requirements for the dematerialization process.

The RTA confirmed that no physical share certificates were received for dematerialization during the quarter ended March 31, 2026. This indicates minimal physical-to-electronic conversion activity during the reporting period.

Regulatory Framework

Under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, companies must obtain quarterly certificates from their RTAs confirming:

• Securities comprised in certificates have been listed on stock exchanges
• Physical certificates have been properly verified, mutilated, and cancelled
• Depository names have been substituted as registered owners in company records

Corporate Information

The filing was signed by Mr. Harsh Shedge, Company Secretary and Compliance Officer, maintaining the company's regulatory compliance standards. This routine filing ensures transparency in the company's share transfer operations and adherence to SEBI's depositories framework.