Terraform Realstate AGM approves new auditors and MD appointment
- Terraform Realstate held its 41st AGM on September 28, 2026
- Appointed M/s. Ankit Goyanka & Associates as new Statutory Auditors
- Approved Mr. Uday Kuverji Mota as Managing Director
- Adopted financial statements for FY26 with no auditor qualifications
*this image is generated using AI for illustrative purposes only.
Terraform Realstate Limited held its 41st Annual General Meeting on September 28, 2026, where shareholders approved key governance changes. The meeting resulted in the appointment of new statutory auditors and a Managing Director, alongside the adoption of financial statements for FY26.
Governance and leadership updates
The primary outcomes of the meeting involved significant changes in the company's leadership and audit structure. Shareholders passed ordinary resolutions to appoint Mr. Uday Kuverji Mota as the Managing Director of the company. Additionally, the board addressed a vacancy in the audit committee caused by the resignation of the previous firm.
The following table summarizes the resolutions passed during the meeting:
| Resolution | Particulars | Type |
|---|---|---|
| 1 | Adoption of Financial Statements for FY26 | Ordinary |
| 2 | Re-appointment of Mr. Vimal Kishor Shah | Ordinary |
| 3 | Appointment of M/s. Ankit Goyanka & Associates as Statutory Auditors | Ordinary |
| 4 | Appointment of Mr. Uday Kuverji Mota as Managing Director | Ordinary |
Auditor transition details
The company filled a casual vacancy in the position of Statutory Auditors. This vacancy arose due to the resignation of M/s. J. D. Zatakia & Co., Chartered Accountants. In their place, members approved the appointment of M/s. Ankit Goyanka & Associates, Chartered Accountants. The resolution also included the fixing of remuneration for the newly appointed firm.
Mr. Vimal Kishor Shah was re-appointed as a director under Section 152(6) of the Companies Act, 2013, having retired by rotation and offered himself for re-appointment.
Meeting proceedings and voting
The meeting was chaired by Mrs. Renuka Shroff Gautam, Independent Director. The Chairperson informed members that the Notice convening the AGM was taken as read, as it had been previously circulated. It was noted that there were no qualifications, observations, or adverse remarks in the Auditors’ Report or the Secretarial Audit Report regarding the financial statements.
Voting was conducted exclusively through remote e-voting facilities provided by National Securities Depository Limited (NSDL). The remote e-voting period ran from September 25, 2026, to September 27, 2026. Members present at the meeting who had not voted remotely were given an opportunity to cast their votes at the conclusion of the session. No voting by show of hands was conducted.
Historical Stock Returns for Terraform Realstate
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
How might the leadership transition to Mr. Uday Kuverji Mota influence Terraform Realstate's strategic direction and project pipeline in the upcoming fiscal year?
What specific factors led to the resignation of the previous auditors, and could this signal underlying financial or compliance concerns for investors?
Given the clean audit reports, how does the new Managing Director plan to leverage this stability to drive growth in the competitive real estate sector?
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