Terraform Realstate Limited has announced its unaudited financial results for the quarter ended December 31, 2025, under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The real estate company's performance reflects continued operational challenges with widened losses across all reporting periods.

Board Meeting and Regulatory Compliance

The Board of Directors convened on February 11, 2026, from 11:30 A.M. to 12:40 P.M. to consider and approve the quarterly financial results. The meeting addressed key regulatory requirements under Regulation 33 and Regulation 30 of SEBI regulations. The unaudited financial results have been subjected to a limited review by statutory auditors J. D. Zatakia & Company, Chartered Accountants (Firm Registration No. 111777W), ensuring compliance with regulatory standards.

Financial Performance Overview

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

Revenue and Expense Analysis

Terraform Realstate continues to face significant challenges in revenue generation, recording no revenue from operations during Q3FY26. Other income remained minimal at ₹0.00 lakhs for the quarter. The primary concern lies in expense management, with other expenses forming the bulk of total expenditure, increasing substantially by 163% in Q3FY26 to ₹7.14 lakhs from ₹2.71 lakhs in Q3FY25.

Earnings Per Share and Capital Structure

The company's earnings per share 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 Benefits

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

Corporate Governance and Disclosure

The results were prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. Company Secretary and Compliance Officer Mr. Ketan Trivedi (Membership No. A30695) ensured proper regulatory filings with BSE Limited (Company Code: 512157). The results are available on the company's website www.terraformrealstate.com and BSE platform for stakeholder access.

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.