Terraform Realstate Limited is exempt from disclosing related party transactions for the financial year ended March 31, 2026, due to its scale of operations falling below regulatory thresholds. The company confirmed that as of March 31, 2026, its paid-up equity share capital was less than ₹10 crore and its net worth was less than ₹25 crore. These figures place the entity outside the scope of specific corporate governance mandates designed for larger listed entities.

The exemption was communicated in a filing to the BSE Limited on May 29, 2026, by Ketan Mafatlal Trivedi, the Company Secretary and Compliance Officer. The submission cited Regulation 15(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, which provides relief from certain compliance requirements for smaller companies.

Consequently, Terraform Realstate is not required to adhere to the provisions of Regulation 23(9) regarding the disclosure of related party transactions. The relief extends to multiple other regulations, including 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, and 27. Additionally, specific clauses of Regulation 46 and paragraphs C, D, and E of Schedule V of the SEBI LODR Regulations are not applicable to the company.

Key Financial Metrics as of March 31, 2026

The company stated that this non-applicability is in compliance with the SEBI LODR Regulations and requested the exchange to take the information on record. The filing confirms that the company will not be submitting the specific disclosure certificate for related party transactions that is otherwise mandatory for larger entities.

Terraform Realstate Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹9.23 lakh compared to a net loss of ₹7.13 lakh in the previous year. The turnaround was driven by a significant increase in other income, which rose to ₹23.48 lakh from ₹0.01 lakh in FY25, while total expenses decreased to ₹11.25 lakh from ₹7.69 lakh. The company's board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 26, 2026.

Financial Performance

The company reported a total income of ₹23.48 lakh for FY26, a substantial increase from ₹0.01 lakh in the previous year. For the quarter ended March 31, 2026, the net profit stood at ₹17.51 lakh, compared to a loss of ₹3.34 lakh in the corresponding quarter of the previous year. Earnings per share (EPS) for the year improved to ₹1.85 from a loss of ₹1.43 in FY25.

Balance Sheet and Cash Flows

As of March 31, 2026, the company's total assets stood at ₹59.74 lakh, up from ₹55.21 lakh in the previous year. Equity and liabilities increased to ₹59.74 lakh, driven by other equity which improved to ₹0.04 lakh from a negative ₹9.18 lakh. The cash flow statement showed a net increase in cash and cash equivalents of ₹0.17 lakh, bringing the closing balance to ₹0.27 lakh.

Regulatory Compliance

In accordance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published an extract of the audited financial results for the quarter and year ended March 31, 2026, in Navshakti (Marathi) and Free Press Journal (English) newspapers on Thursday, May 28, 2026. The results are also available on the company's website and BSE Limited.

Auditor's Report

M/s. J.D. Zatakia & Company, Chartered Accountants, issued an audit report with an unmodified opinion on the annual audited financial results and statements for the financial year ended March 31, 2026. The report confirmed that the financial results present a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards.