Latest news about Terraform Magnum
Terraform Magnum
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More news about Terraform Magnum
05Nov 25
Terraform Magnum Reports Continued Losses; Director Resigns
Terraform Magnum Limited (BSE: 506162) released unaudited financial results for Q2 and H1 FY2026, showing ongoing losses. Q2 net loss widened to ₹1.21 crore from ₹1.50 crore year-over-year. The company maintains a going concern status despite negative net worth. Uncertainties persist regarding a property assignment deal in Kandivali. Ms. Bhavisha Dedhia resigned from the board effective November 5, 2025. Auditors highlighted material uncertainty about the company's going concern status.
20Sept 25
Terraform Magnum Limited Appoints Two New Independent Directors at 43rd AGM
Terraform Magnum Limited held its 43rd AGM on September 17, 2025, approving key resolutions including the appointment of two new Independent Directors, Mrs. Renuka Gautam and Mr. Vineet Mishra, for a five-year term. The company adopted financial statements for the year ended March 31, 2025, and re-appointed Ms. Bhavisha Dedhia as a Director. All resolutions passed with 100% votes in favor. The meeting, chaired by Managing Director Mr. Uday Mota, lasted 75 minutes and utilized e-voting services provided by NSDL.
07Aug 25
Terraform Magnum Reports Widened Q1 Loss, Faces Going Concern Uncertainty
Terraform Magnum Limited reported a net loss of ₹2.88 lakhs for Q1 FY24, up from ₹2.60 lakhs in Q1 FY23. Total income was minimal at ₹0.02 lakhs with no operational revenue. The company faces ongoing financial challenges, including negative net worth and issues with a property assignment agreement. Auditors have raised concerns about the company's status as a going concern. Management is taking steps to address these challenges, including serving notice to the defaulting assignee of the property agreement.
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