Terraform Magnum Ltd — Board Meeting, 30-05-2025: Board Meeting

Terraform Magnum Limited has announced a board meeting outcome approving the financial results for the quarter and year ended March 31, 2025, which reported a net loss of ₹8.54 lakh for the year. The company continues to face uncertainty over a property sale in Kandivali East due to defaults by the assignee, and revenue recognition will follow performance fulfillment. The net worth remains negative, but the financials are prepared on a going concern basis supported by management’s future cash flow estimates. Two independent directors, Mrs. Renuka Gautam and Mr. Vineet Mishra, have been appointed for five-year terms, subject to shareholder approval. M/s Dholakia & Associates LLP has been appointed as Secretarial Auditors for five years. The 43rd Annual General Meeting has been postponed to a later date.