Terraform Realstate Limited Appoints Two New Independent Directors at 40th AGM
Terraform Realstate Limited held its 40th Annual General Meeting on September 17, 2025, in Mumbai. Shareholders approved four key resolutions: adoption of financial statements, reappointment of Ms. Bhavisha Dedhia as Managing Director, and appointment of two new Independent Directors, Mrs. Renuka Gautam and Mr. Vineet Mishra, for a five-year term. All resolutions received unanimous approval from participating shareholders.
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Terraform Realstate Limited , a Mumbai-based company, held its 40th Annual General Meeting (AGM) on September 17, 2025, marking significant changes in its board composition and reaffirming its financial position. The meeting, which took place at the company's registered office in Mumbai, saw shareholders approving four key resolutions through e-voting.
Financial Statements Adoption
The first order of business was the adoption of the company's financial statements for the year ended March 31, 2025. Shareholders unanimously approved the audited Balance Sheet, Statement of Profit and Loss Account, and the Reports of the Board of Directors and Auditors.
Reappointment of Managing Director
Ms. Bhavisha Dedhia, who was due to retire by rotation, was reappointed as the Managing Director. This resolution was passed as an ordinary resolution, reflecting the shareholders' confidence in her continued leadership.
Appointment of New Independent Directors
In a move to strengthen its corporate governance, Terraform Realstate Limited appointed two new Independent Directors for a term of five years:
Mrs. Renuka Gautam (DIN: 10749255): An accomplished professional with extensive experience in Finance and Business Strategy Management. Mrs. Gautam holds a bachelor's degree in commerce from SIES College of Commerce and Economics and is a CA Inter qualified professional. Her expertise in strategic planning, risk management, compliance, and corporate governance is expected to bring valuable insights to the board.
Mr. Vineet Mishra (DIN: 06789301): A Science Graduate with over 25 years of experience in operations management, project management, and production management. Mr. Mishra has been running an Import Export Trading firm with Freight Forwarding and clearing for the last 16 years. He is certified as an Independent Director by the Ministry of Corporate Affairs, Government of India.
Both appointments were approved as special resolutions, highlighting their importance to the company's future direction. The new directors will serve from the conclusion of the 40th AGM until the 45th AGM, and neither will be liable to retire by rotation.
Voting Results
The e-voting results, as reported by the scrutinizer CS Nrupang B. Dholakia of Dholakia & Associates LLP, showed overwhelming support for all resolutions:
| Resolution | Votes in Favor | Total Votes Cast |
|---|---|---|
| All four resolutions | 289,160 | 289,160 |
- The total number of shareholders who participated in the e-voting was 10, representing a significant portion of the company's equity.
Conclusion
The 40th AGM of Terraform Realstate Limited marked a pivotal moment for the company, with the appointment of new independent directors expected to bring fresh perspectives and strengthen the board's expertise. The unanimous approval of all resolutions indicates strong shareholder confidence in the company's management and future direction.
As Terraform Realstate Limited moves forward with its enhanced board, stakeholders will be keenly watching how these new appointments influence the company's strategic decisions and corporate governance practices in the coming years.
Historical Stock Returns for Terraform Realstate
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