Terraform Realstate Clarifies Financial Results Signature Discrepancy to BSE

Terraform Realstate has addressed concerns raised by the Bombay Stock Exchange (BSE) regarding signature discrepancies on its standalone financial results for the quarter ended September 30, 2025. The company has taken steps to clarify the situation and ensure compliance with regulatory requirements.

Key Points of Clarification

Board Resolution: Terraform Realstate submitted a certified copy of the Board Resolution dated November 5, 2025, which authorized Mr. Uday Mota, Director, to sign the company's financial results.
Financial Results Approval: The Board of Directors had approved the un-audited financial results for the quarter and half-year ended September 30, 2025, along with the statement of assets and liabilities and cash flow statement.
Auditor's Review: The company's auditors, J.D. Zatakia & Co., provided an unqualified review report on the quarterly results, stating that nothing came to their attention suggesting material misstatements in the financial statements.

Financial Highlights

The un-audited financial results for the quarter ended September 30, 2025, reveal:

Particulars	Q2 FY2026 (in Lakhs)	Q2 FY2025 (in Lakhs)
Total Income	0.00	0.00
Total Expenses	1.25	1.18
Profit/(Loss) before Tax	(1.24)	(1.18)
Net Profit/(Loss) after Tax	(0.93)	(0.87)
Earnings per Share (Basic)	(0.19)	(0.17)

Balance Sheet Overview

As of September 30, 2025:

Particulars	Amount (in Lakhs)
Total Assets	51.97
Total Equity	37.88
Total Liabilities	14.09

Management Statement

Mr. Uday Mota, Director of Terraform Realstate, stated, "We have promptly addressed the BSE's concerns regarding the signature discrepancy. Our financial results were duly signed by an authorized director, and we have provided the necessary documentation to support this. We remain committed to maintaining transparency and compliance with all regulatory requirements."

The company has assured stakeholders that the results are available on the company's website www.terraformrealstate.com and on the BSE website for public reference.

Terraform Realstate continues to operate in a challenging economic environment, as reflected in its financial results. The company's management is focused on addressing these challenges and improving its financial performance in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Terraform Realstate , a prominent player in the real estate sector, has announced its unaudited financial results for the quarter and half-year ended September 30, 2025, alongside significant changes in its leadership team.

Financial Performance

The company's board meeting on November 5, 2025, approved the quarterly financial statements. Here's a snapshot of the key financial metrics:

Particulars	Q2 FY2026 (₹ in Lakhs)	H1 FY2026 (₹ in Lakhs)	FY2025 (₹ in Lakhs)
Revenue from Operations	0.00	0.01	0.01
Other Income	0.00	0.01	0.01
Total Income	0.00	0.01	0.01
Total Expenses	1.25	2.53	7.69
Profit/(Loss) before Tax	(1.25)	(2.52)	(7.67)
Profit/(Loss) after Tax	(0.93)	(2.94)	(7.13)
Earnings per Share (Basic)	(0.19)	(0.59)	(1.43)

The company's financial performance shows continued challenges in generating revenue, with expenses outweighing income, resulting in a net loss for the quarter and half-year.

Leadership Changes

Coinciding with the financial results announcement, Terraform Realstate disclosed significant changes in its leadership:

Managing Director Resignation: Ms. Bhavisha Dedhia (DIN: 09471104) has stepped down from her position as Managing Director and Key Managerial Personnel, effective from the close of working hours on November 5, 2025. Ms. Dedhia cited pre-occupation and personal commitments as reasons for her departure.
Company Secretary Resignation: Ms. Ankita Gupta has resigned from her role as Company Secretary, Compliance Officer, and Key Managerial Personnel, also effective from the close of working hours on November 5, 2025. Personal reasons were stated for her resignation.

The Board of Directors has acknowledged the contributions of both Ms. Dedhia and Ms. Gupta during their tenure with the company.

Looking Ahead

These leadership changes come at a crucial time for Terraform Realstate, as the company grapples with financial challenges evident in its latest quarterly results. The board may need to focus on appointing new leadership to steer the company through its current financial situation and explore strategies for revenue growth and cost management.

Investors and stakeholders may be keenly watching how these changes impact the company's future direction and performance in the competitive real estate market.