Terraform Realstate Limited has reported its unaudited financial results for the quarter ended December 31, 2025, revealing continued operational challenges with widened losses across all reporting periods. The real estate company's performance reflects ongoing difficulties in revenue generation and cost management.

Financial Performance Overview

The company's quarterly and nine-month financial metrics demonstrate a concerning trend of increasing losses:

Revenue and Income Analysis

Terraform Realstate continues to face significant challenges in revenue generation. The company recorded no revenue from operations during Q3FY26, maintaining the same position as in previous quarters. Other income remained minimal at ₹0.00 lakhs for the quarter and ₹0.01 lakhs for the nine-month period, unchanged from the corresponding periods in the previous year.

Expense Structure and Cost Management

The primary concern lies in the company's expense management, with other expenses forming the bulk of total expenditure:

Other expenses increased substantially by 163% in Q3FY26 compared to the same quarter last year, rising from ₹2.71 lakhs to ₹7.14 lakhs. For the nine-month period, other expenses grew by 89% from ₹5.12 lakhs to ₹9.67 lakhs.

Earnings Per Share and Capital Structure

The company's earnings per share (EPS) metrics reflect the deteriorating financial performance:

The paid-up equity share capital remained stable at ₹50.00 lakhs throughout all reporting periods, with no changes in the capital structure.

Tax Position and Deferred Tax Benefits

The company benefited from deferred tax adjustments, which partially offset the pre-tax losses. Deferred tax benefits of ₹1.80 lakhs in Q3FY26 and ₹1.38 lakhs for the nine-month period helped reduce the net loss compared to the loss before tax. No current tax liability was recorded due to the loss-making position.

Board Approval and Compliance

The unaudited financial results were reviewed and approved by the Board of Directors at their meeting held on February 11, 2026. The results have been subjected to a limited review by the statutory auditors J. D. Zatakia & Company, Chartered Accountants, ensuring compliance with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Terraform Realstate Limited has announced a significant leadership appointment, designating Mr. Uday Kuverji Mota as Managing Director in a move that strengthens the company's executive structure. The appointment, effective February 02, 2026, marks a strategic elevation from his previous position as Director to Key Managerial Personnel status.

Board Approval and Term Details

The Board of Directors approved Mr. Mota's appointment based on the recommendation of the Nomination & Remuneration Committee during their meeting held on February 02, 2026. The appointment encompasses a comprehensive five-year term structure designed to provide leadership stability.

Leadership Profile and Experience

Mr. Uday Kuverji Mota brings substantial industry expertise to his new role, with a strong educational foundation and extensive professional background. His appointment reflects the company's commitment to experienced leadership in the real estate sector.

Regulatory Compliance and Documentation

The formal intimation was communicated to BSE Limited through official correspondence signed by Mr. Vimal Kishor Shah, Director (DIN: 00716040). The appointment follows strict regulatory protocols under SEBI guidelines, ensuring complete transparency and compliance with all disclosure requirements.

Key regulatory aspects include compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, adherence to Schedule III disclosure requirements, and fulfillment of SEBI Master Circular guidelines. The company has confirmed that Mr. Mota is not debarred from holding the office of Director pursuant to any SEBI Order or any other authority.

Shareholder Approval Process

While the Board has approved the appointment, the final confirmation requires shareholder approval at the upcoming General Meeting. This standard governance practice ensures stakeholder participation in key management decisions and maintains corporate transparency standards.

The appointment represents Terraform Realstate Limited's continued focus on strengthening its leadership team with experienced professionals who can drive the company's strategic objectives in the competitive real estate market.