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:

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.

Consolidated voting results

Pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed the consolidated voting results scrutinized by CS Nrupang B. Dholakia of Dholakia & Associates LLP. The report confirmed that all four resolutions set out in the notice were passed.

A total of 9 members cast valid votes through remote e-voting, representing 2,66,160 equity shares. No poll voting was required as all members present had already cast their votes via the electronic mode. There were no invalid votes recorded for any resolution.

The voting pattern for each resolution was identical:

Promoters and promoter group members polled 1,64,510 votes, while public non-institutional shareholders polled 1,01,650 votes. Institutional shareholders did not cast any votes.

Terraform Realstate Limited will hold its 41st Annual General Meeting on Monday, September 28, 2026. The meeting is scheduled for 4:00 pm at the company's registered office in Mumbai.

Meeting Details

The 41st AGM aims to transact ordinary and special business as outlined in the notice. The company has dispatched the Annual Report for FY26 along with the AGM notice to members whose names appeared in the register as of Friday, August 28, 2026. Electronic copies were sent to registered email IDs, while physical copies were mailed to permitted addresses.

E-Voting Process

Shareholders holding shares as of the cut-off date, Monday, September 21, 2026, are eligible to vote. The remote e-voting facility, provided by National Securities Depository Limited (NSDL), operates during a specific window:

• Start: September 25, 2026, at 10:00 am
• End: September 27, 2026, at 5:00 pm

Members who cast their votes remotely cannot vote again at the physical meeting. Those attending the meeting without prior remote voting may use ballot papers. Once a vote is cast, it cannot be changed.

Book Closure

The Register of Members and Share Transfer Books will remain closed from Tuesday, September 22, 2026, to Monday, September 28, 2026, inclusive. This closure facilitates the determination of eligible shareholders for the AGM.

Accessing Documents

The AGM notice and FY26 Annual Report are available on the BSE website, the company website, and the NSDL e-voting portal. Shareholders acquiring shares after the notice dispatch but before the cut-off date can obtain login credentials by contacting the designated email addresses provided in the notice.