Terraform Realstate Limited has announced a key leadership appointment, naming Mr. Ketan Trivedi as the company's new Company Secretary and Compliance Officer. The appointment, effective February 02, 2026, was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee.

Appointment Details

The company formally communicated this development to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Trivedi has been designated as Key Managerial Personnel of the company, reflecting the strategic importance of this role in the organization's governance structure.

Professional Background

Mr. Trivedi brings substantial expertise to his new role, with comprehensive qualifications in corporate governance and legal matters. He is an Associate Member of the Institute of Company Secretaries of India (ICSI) with membership number A30695. His educational credentials include a Bachelor of Laws (LL.B.) degree from Jai Narayan Vyas University Jodhpur, providing him with a strong foundation in legal principles.

Experience and Expertise

The newly appointed Company Secretary possesses over 13 years of working experience in the field of Company Law and SEBI regulations. His extensive background in secretarial and company-related matters positions him well to handle the compliance and governance responsibilities of his new role. This experience spans various aspects of corporate law, regulatory compliance, and securities market regulations.

Regulatory Compliance

The appointment was made in accordance with regulatory requirements, with the company fulfilling its disclosure obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was signed by Mr. Vimal Kishor Shah, Director (DIN: 00716040), ensuring proper authorization and documentation of this important corporate development.

This appointment strengthens Terraform Realstate Limited's leadership team and demonstrates the company's commitment to maintaining robust governance standards and regulatory compliance.

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:

Balance Sheet Overview

As of September 30, 2025:

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.