Terraform Magnum Ltd — Results, 30-05-2025: Result

TERRAFORM MAGNUM LIMITED

Corporate Identity Number: L65990MH1982PLC040684

Regd. Off.: Godrej Coliseum, A-Wing 1301, 13111 Floor, Behind Everard Nagar,

Off Eastern Express Highway, Sion (East), Mumbai -400 022 T: + 91 (22) 62704900

Web: www.terraformmagnum.com E-mail: secretarial@terraformrealty.com

To,

Corporate Service Department

BSE Limited,

P.J. Towers, Dalal Street,

Mumbai-400 001.

Dear Sir,

May 30,2025

Scrip Code: 506162

Sub: Outcome of Board Meeting and disclosure under SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015.

Pursuant to Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations &

Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), read with Schedule III to the listing.

Regulations, as amended from time to time, the Board of Directors of Terraform Magnum Limited ("the

Company") at their Meeting held today i.e. on Friday, May 30th, 2025 at the Registered office of the

Company at 11:30 am and concluded at 01:00 p.m., have inter-alia considered and approved the

following:

1. The Audited Financial Results for the Quarter and Year ended March 31, 2025, along with Statement

of Assets & Liabilities as on March 31, 2025, and the Cash Flow Statement for the financial year

ended March 31, 2025 (enclosed herewith).

The Board of Directors took note of the Statutory Auditors' Report for the Quarter and Year ended

March 31, 2025 and Declaration on the Annual·Audited Financial Results for the year ended March

31,2025 (enclosed herewith).

2. Appointment of Mrs. Renuka Gautam (DIN: I 0749255) as an Additional Director designated as Non-

Executive Independent Director, not liable to retire by rotation, for a tenure of 5 consecutive years

commencing from May 30th, 2025 subject to approval of the shareholders.

3. Appointment of Mr. Vineet Mishra (DIN: 06789301) as an Additional Director designated as Non-

Executive Independent Director, not liable to retire by rotation, for a tenure of 5 consecutive years

commencing from May 30th, 2025 subject to approval of the shareholders.

4. Appointment of M/s. Dholakia & Associates LLP, Practicing Company Secretaries as Secretarial

Auditors of the Company for a term of Five Years.

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TERRAFORM MAGNUM LIMITED

Corporate Identity Number: L65990MH1982PLC040684

Regd. Off.: Godrej Coliseum, A-Wing 1301, 13111 Floor, Behind Everard Nagar,

Off Eastern Express Highway, Sion (East), Mumbai -400 022 T: + 91 (22) 62704900

Web: www. terraform magn u m.com E-mail: secreta rial@terraform rea tty .com

5. Reconstitution of Committees ofthe Board as under:

A. Nomination and Remuneration

1. Mrs. Renuka Gautam, Non Executive -Independent Director Chairman

2. Mr.Nainesh K. Shah, Director Member

3 Mr. Vineet Mishra, Non Executive -Independent Director Member

B. Audit Committee:

1. Mrs. Renuka Gautam, Non Executive -Independent Director Chairman

2. Mr.Vimal K. Shah, Director Member

3 Mr. Vineet Mishra, Non Executive -Independent Director Member

Kindly note that due to certain exigencies, the Board of Directors of the Company has decided to

postpone the 43rd Annual General Meeting dated 26th June, 2025 to a further date which shall be

intimated publically in due course. Hence, the other businesses related with the Annual General

Meeting as mentioned in the prior intimation dated 26th May 2025 could not be considered.

We request you kindly take the above on record.

Thanking you,

Yours faithfully,

FOR TERRAFORM MAGNUM LIMITED

Company Secretary a

(Encl. as above)

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TERRAFORM MAGNUM LIMITED

Corporate Identity Number: L65990MH1982PLC040684

Regd. Off.: Godrej Coliseum, A-Wing 1301, 13111 Floor, Behind Everard Nagar,

Off Eastern Express Highway, Sion (East), Mumbai -400 022 T: + 91 (22) 62704900

Web: www.terraformmagnurn.com E-mail: secretarial@terraformrealty.com

30.05.2025

DECLARATION

(Pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligation and Disclosure

Requirements) Regulation, 2015)

It is hereby declared that the Statutory Auditors, J. D. Zatakia & Comapny, Chartered

Accountants (FRN-111777W) have issued Audit Report with an unmodified opinion

on the Annual Audited Financial Results of the Company for the year ended 31.03.2025.

This declaration is issued pursuant to Regulation 33(3) (d) of SEBI (Listing Obligation

and Disclosure Requirements) 2015, as amended by SEBI (Listing Obligation and

Disclosure Requirements) (Amendment) Regulations, 2016 vide notification No.

SEBI/LAD-NRO/GN/ 2016-17/001 DATED 25.05.2016.

For Terraform Magnum Limited

Managing Director

DIN: 08635338

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TE:RRAFORM MAGNUM LIMITED

CIN-L65990MH1982PLC040684 Regislered Office> Oodrej Coliseum, A-Wing 1301, 13th Ploor, Behind Everard Nagar, Off Eastern Express

High\vay, Sion (East), Mumbai 400 022. T: + 91 (22) 62704900. Web: w\vw.Terraformmagnum.com E-mail: secretaria l@terraform realty .com

AUDITED FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED MARCH 31,2025

Particulars

ASSETS Non-current assets

Property, plant and equipment Capital work-in-proqress

Investment properties Other intanqible assets

Investments accounted for using the equity method Financial assets

i. Investments ii. Loans

iii. Other financial assets Deferred tax assets

Total non-current assets

Current assets Inventories

Financial assets i. Investments

ii. Trade receivables iii. Cash and cash equivalents

iv. Bank balances other than (iii) above v. Loans

vi. Other financial assets Other current assets

Total current assets

Total assets

EQUITY AND LIABILITIES

Equity Equity share capital

Other equity

Equity componant of compound financial instruments

Reserves and surplus Other reserves

Equity attributable to owners of Terraforrn Magnum Limited

Non-controlling interests

Total equity

LIAB !LITIES Non-current liabilities

Financial Liabilities (i) Borrowings

ii. Trade payables iii. Other Non Current financial liabilities

Total non-current liabilities

Current liabilities Financial liabilities

i. Borrowings ii. Trade oayables

iii. Other financial liabilities Provisions

Other current liabilities

Total current liabilities

Total liabilities

(Amounts are in lakhs unless stated otherwise)

As at March 31, 2025 As at March 31, 2024

3.80 -

3.80

796.02 779.59

-0.26 0.47

0.07 3.73

0.36 0.39 440.13 455.13

1,236.83 1,239.32

1,240.63 1,239.32

24.00 24.00

(1,854.80) (1,846.25) -

(1,830.80) (1 ,822.25)

(1,830.80) (1,822.25)

9.15 0.43 11.25 11.13

3,051.03 3,050.01

3,071.43 3,061.58

3,07l.H 3,061.58 -

Total equity and liabilities

,0,

Mumblll 3 1l

AYMOTA • Mi\NAG!N !RECTOR * q DATE-JOth May 2025

PLACE-MUMBAI D o. 0863SJ33

-

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TERRAFORM MAGNUM LIMITED

CIN: L65990MH1982PLC040684

Registered Office:-Godrej Coliseum, A-Wing 130 I, 13th Floor, Behind Everard Nagar, Of( Eastern Express Highway, Sian (East), Mumbai 400 022. T: + 91 {22) 62704900. Web: w\vw.Terraformmagnum.com E-mail: secretarial@:terraformrealty.com

AUDITED nNANCIAL RESULTS FOR THE QUARTER ENDED AND YEAR ENDED AS ON 31ST MARCH, 2025 Amt in Lakhs. Except EPS)

Particulars Figures for the Figures for the Quarter ended on year ended on

31-03-2025 31-12-2024 31-03-2024 31-03-2025 31-03-2024 Audited Unaudited Audited Audited Audited

Income 1 Revenue From Operations

2 Other Income O.Q7 0.03 0.03 0.18 0.66

3 Total Income 0.07 0.03 0.03 0.18 0.66

4 Expenses "!)Cost Of Materials Consumed

b) Purchase Of Stock-In-Trade c) Chanqe In Inventories Of Finished Goods,

Work-ln-Proqress And Stock-In-Trade d) Employee Benefits Expense

e) Finance Costs 0.00 0.07 0.00 0.53 0 Depreciation And Amortization Exoense -

al Other ExPenses 1.32 3.22 2.25 8.72 8.71

Total Expenses 1.32 3.22 2.32 8.72 9.24

5 Profit I (Loss) before E<eeptional And Tax (3 + 4) (1.26 (3.19 (2.29) (8.54) (8.58

6 Exceotional Items

1 Profit I (Loss) before Tax (5 ± 6) (1.26 (3.19 (2.29 (8.54 (8.58)

8 Tax ExPense a) Current Tax

b) Shorti(Excess) Provision of earlier vear -c Prior period income tax

d) Deferred Tax

9 Profit I (Loss) for the Period from continuinq operation (7 ± 8) (l.26 (3.19 (2.29 (8.54 (8.581

10 Profiti(Loss) from d.iscontinuinq operation

11 Tax expenses of Discontinuina ooeration I

12 PTofiti(Loss) from discontinuing operation (after tax) (10 ± 11)

I

13 Profit I (Loss) for the Period (9 ± 12) (1.26) (3.19) (2.29) (8.54 (8.58

4 Other Comprehensive Income OCl) a) Items That Will Not Be Reclassified To Profit Or Loss

b) Income Tax Relating To Items That Will Not Be Reclassified To Profit Of Loss

That Will Be Reclassifies To Profit Or Loss I d) Income Tax Relating To Items That Will Be Reclassified To

Profit Or Loss

15 Total Comprehensive Income for the period (13±14) (1.26 (3.19 2.29 (8.54 (8.58)

16 Share of Profit I (Loss) of A3sociates

17 Disposal in the stake of Subsidiary.

18 Non-Controllinq Interest I

19 Net Profit I (Loss) after Ta.xes, Minority Interest and Share of Profit I (Loss) of

Associates 15 ± 16 + 17 ± 1 8) (1.26 3.19) (2.29) (8.54 (8.58 I

20 Paid-up Equity Share Capital 24.00 24.00 24.00 24.00 2HO . (Face Value of the Share shall be Indicated)

21 Other Equitv (I _(_I ,846.25

22.i E:a.rninqs per Share Before Extraordinary i.tems) I (of Rs. Nil each) (Not Annualised : I I

a) Basic I (0.52) (1.33) (0.95) (3.56) (3.58) b Diluted

' ZZ.Uj Earnings per Share (After £xtn.ordina.ry items) I

(of Rs. Nil each) {Not Annualised) I I I (a) Basic I

(0.52) (1.33)1 (0.95) (3.56) (3.58) (b) Diluted I

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TERRAFORM MAGNUM LIMITED

CIN: L65990MH1982PLC040684

Registered Office:-Godrej Coliseum, A· Wing 1301, 13th Floor, Behind Everard Nagar, Off Eastern Express Highway, Sian (East), Mumbai 400 022. T: + 91 (221 Web: www.Terraformmagnum.com E-mail: secret.arial@.rerraformrealty.com

AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED AND YEAR ENDED AS ON 31ST MARCH, 2025

1 The above results for the quarter endeed 31st March 2025 are reviewed and approved by the Board of

Directors of the Company in their respective meeting held on 30th May 2025 and are subjected to a "Audit

Report" by the Statutory Auditor.

2 The Audited Finacial Results of the Company are available on the Company's website

www.terraformmagnum.com and also available on BSE Ltd. respectively.

3 The Company has entered into a Deed of Assignment dated 26th April 2019 for the assignment of its rights in

the property held as stock in trade at Kandivali (East) for an agreed consideration. The assignee has

committed various defaults from time to time. The Company has served a notice to the assignee to comply

with the contractual obligations by paying all the dues immediately. Since, significant uncertainties and

disputes relating to the completion of the transaction are continued during the year, the Company will

recognise revenue under lnd AS 115 on fulfilment of specific performance obligation and resolution of

significant uncertainties

4 The Financial Statements have been prepared on the going concern basis based upon the estimated future

cash flow projections, business prospect and on the basis of internal assessment, though the net worth of the

Company as at 31st March 2025 is negative.

5 The above statements has been prepared in accordance with the Companies (Indian Accounting Standards)

Rules, 2015 (lnd AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised

aaccounting practices and policies to the eKtent applicable.

6 The figures of previous periods are regrouped I rearranged wherever considered necessary to correspond with

the current period presentation.

7 The figures in · Lakhs are rounded off to two decimals.

-

DATE : 30th May 2025

PLACE : Mumbai

For TERRAFORM MAGfM Ll ED

l/tfi/J;

Murnbii §· }

-fuDAYMOT

* /

MANAGING DIRECTOR

DIN No. OS63533S

-

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TERRAFORM MAGNUM LIMITED

CIN-L65990MH1982PLC040684

CASH FLOW STATEMENT FOR THE PERIOD ENDED 31ST March 2025

(Rupees of Lakhs)

Particulars As at March 31, 2025 As at March 31, 2024

'{ '{ '{ '{

A Cash flow from operating activities : Profit before tax (8.54) (8.58)

Adjustments for:

Interest received (0.18) (0.66)

Interest Expenses 0.53 (0.18) (0.133)

Operating profit before working capital changes (8.72) (8.7'"1)

Adjustments for: Decrease/Increase in inventories (16.42) (2.50)

Decrease/(increase) in current financial assets 0.04 7 08 Decrease/(increase) in other current assets 15.00 (0.13)

Decrease/Increase in trade payables 8.72 0.28 Decrease/Increase in current financial liabilities 0.12 (0.00)

Increase in other current laibilites 1.01 0.01

8.47 4.T4

Cash generated from operating activities (0.26) (3.918)

Income Tax Paid -

Net cash generated from operating activities (0.26)

B Cash flow from investing activities: Interest received

0.18 0.66

Fixed Deposit not considered in cash and cash equivalent (3.80)

Other Bank Balance not considered in cash & cash equivalent 3.66 (3.73)

Net cash used in investing activities 0.04 (3.0 7)

c Cash flow from financing activities:

(Repayment)/proceeds of Long term borrowings, net --

(Repayment)/proceeds of Short term borrowings, net

Interest Expenses -(0.53)

Net cash _generated from financing activities (0.53)

Net increase in cash and cash equivalents (A+B+C) (0.21) (7.58)

Cash and cash equivalents at the beginning of the year 0.47 8 05

Cash and cash equivalents at the end of the year 0.26 0.47

Note: 1) Figures in bracket represent cash outflow.

2) Direct taxes paid are treated as arising from operating activities and are not bifercated between Investing and financing activities.

3) The Cash and cash equivalents figures are net off overdra .. vn balance with bank.

,.,,

.... -rae·

3 1

:.;. UDAT PLACE: MUMBAI MAN NG DIRECT 'C-t9

DATE :30th 2025 DIN No. 0663533 * -

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CA

J. D. Zatakia & Co.

CHARTERED ACCOUNTANTS

Jitcndra D. Zatakia B.Com., F.C.A. INDIA

Independent Auditor's Report on the Quarterly and Year to Date Standalone Audited

Financial Results of TERRAFORM MAGNUM LIMITED Pursuant to Regulation 33 of the

Securities and Exchange Board of India (Listing Obligations and Disclosure

Requirements) Regulations, 2015, as amended.

To,

The Board of Directors,

TERRAFORM MAGNUM LIMITED

Report on the Audit of Annual Financial Results

Opinion

We have audited the accompanying statement of standalone financial results of TERRAFORM

MAGNUM LIMITED (the company) for the, Quarter and year ended March 31, 2025 ("the

Statement"), attached herewith, being submitted by the Company pursuant to the requirement of

Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as

amended (the "Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us,

these standalone financial results:

(i) are presented in accordance with requirements of Regulation 33 of the SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015, as amended in this regard; and

(ii) gives a true and fair view in conformity with the recognition and measurement principles laid

down in the applicable Indian Accounting Standards ("lnd AS") and other accounting principles

generally accepted in India, of the net loss and other comprehensive income and other

financial information of the Company for the quarter and the year ended March 31, 2025.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under

section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those Standards

are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial

Results section of our report. We are independent of the Company in accordance with the Code of

Ethics issued by the Institute of Chartered Accountants of India ("ICAI") together with the ethical

requirements that are relevant to our audit of the standalone financial results under the provisions

of the Act and the Rules there under, and we have fulfilled our other ethical responsibilities in

accordance with these requirements and the Code of Ethics issued by ICAI. We believe that the

audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter

We draw attention to note no. 3, the Company has entered into a Deed of Assignment of

Leasehold Rights and of Rights under agreement for Sale dated 26th April 2019 for

assignment ("the agreement"') of its rights in the property situated at Kandivali (East),

receivable over an agreed period of time. The said property /rights in the property is

treated as stock-in-trade in books of accounts. As agreed between the parties, the

Company has right to terminate the agreement in the event there is a default to pay the

consideration. The original documents relating to the title of the property, Power of

attorney and other related documents are kept with escrow agent till the full consideration

is received by the Company. However, the Company has not received payments as per

schedule of payment agreed upon. In absence of which, the Company has recourse to the

rights in the property by getting back documents lying with escrow agent and terminate the

306, Rupa Plaza, jawahar Road,

Ghatkopar (E), Mumbai-400 077.

©: +91-22-25011051

+91 -22-25010052

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INDIA

J. D. Zatakia & Co.

CHARTERED ACCOUNTANTS

.Jitcndra D. Zatakia B.Com., F.C.A.

transaction. In view of these, there is significant uncertainties relating to completion of

transaction under the above agreement. In view of the same, the Company will recognize

revenue under lnd AS 115 on fulfilment of specific performance obligations.

We further draw attention, in note no. 4 and as represented by the management that, they

have prepared the financial statements on a going concern basis based upon estimated

future cash flow projections, business prospectus and on the basis of internal assessment,

though as per balance sheet the net worth of company is negative.

Our opinion is not modified in respect of this matter.

Management's Responsibilities for the Standalone Financial Results

These standalone financial results have been prepared on the basis of the standalone annual

financial statements. The Company's Management and the Board of Directors of the Company are

responsible for the preparation and presentation of these standalone financial results that give a

true and fair view of the net loss and other comprehensive income and other financial information

in accordance with the recognition and measurement principles laid down in Indian Accounting

Standards ("lnd AS") prescribed under section 133 of the Act, read with the relevant rules issued

thereunder and other accounting principles generally accepted in India and in compliance with

Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate

accounting records in accordance with the provisions of the Act for safeguarding of the assets of

the Company and for preventing and detecting frauds and other irregularities; selection and

application of appropriate accounting policies; making judgments and estimates that are

reasonable and prudent; and design, implementation and maintenance of adequate internal

financial controls, that were operating effectively for ensuring the accuracy and completeness of

the accounting records, relevant to the preparation and presentation of the standalone financial

results that give a true and fair view and are free from material misstatement, whether due to

fraud or error.

In preparing the standalone financial results, the Management and the Board of Directors are

responsible for assessing the Company's ability, to continue as a going concern, disclosing, as

applicable, matters related to going concern and using the going concern basis of accounting

unless the Board of Directors either intends to liquidate the Company or to cease operations, or has

no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financial reporting

process.

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the standalone financial results as

a whole are free from material misstatement, whether due to fraud or error, and to issue an

auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is

not a guarantee that an audit conducted in accordance with SAs will always detect a material

misstatement when it exists. Misstatements can arise from fraud or error and are considered

material if, individually or in the aggregate, they could reasonably be expected to influence the

economic decisions of users taken on the basis of these standalone financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain

professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the standalone financial results,

whether due to fraud or error, design and perform audit procedures responsive to those

risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our

opinion. The risk of not detecting a material misstatement resulting from fraud is higher

306, Rupa Plaza, jawahar Road,

Ghatkopar (E), Mumbai-400 077.

©: +91-22-25011051

+91 -22 -2501 0052

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INDIA

J. D. Zatakia & Co.

CHARTERED ACCOUNTANTS

Jilcndra D. Zatalda B.Com., F.C.A.

than for one resulting from error, as fraud may involve collusion, forgery, intentional

omissions, misrepresentations, or the override of internal control;

• Obtain an understanding of internal control relevant to the audit in order to design audit

procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act,

we are also responsible for expressing our opinion through a separate report on the

complete set of standalone financial statements on whether the company has adequate

internal financial controls with reference to standalone financial statements in place and

the operating effectiveness of such controls;

• Evaluate the appropriateness of accounting policies used and the reasonableness of

accounting estimates and related disclosures made by the Management and the Board of

Directors;

• Conclude on the appropriateness of the Management and the Board of Directors' use of the

going concern basis of accounting and, based on the audit evidence obtained, whether a

material uncertainty exists related to events or conditions that may cast significant doubt

on the Company's ability to continue as a going concern. If we conclude that a material

uncertainty exists, we are required to draw attention in our auditor's report to the related

disclosures in the standalone financial results or, if such disclosures are inadequate, to

modify our opinion. Our conclusions are based on the audit evidence obtained up to the

date of our auditor's report. However, future events or conditions may cause the Company

to cease to continue as a going concern;

• Evaluate the overall presentation, structure and content of these standalone financial

results, including the disclosures, and whether the standalone financial results represent

the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance of the Company regarding, among other

matters, the planned scope and timing of the audit and significant audit findings, including any

significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with

relevant ethical requirements regarding independence, and to communicate with them all

relationships and other matters that may reasonably be thought to bear on our independence, and

where applicable, related safeguards.

Other Matter

The Statement includes the results for the quarter ended March 31, 2025 being the balancing

figures between the audited figures in respect of the full financial year ended March 31, 2025 and

the published unaudited year to date figures up to the third quarter of the current financial year,

which were subject to limited review by us, as required under the Listing Regulations.

Our opinion on the Statement is not modified in respect of the above matter.

Place: Mumbai.

Date: 30th May, 2025

306, Rupa Plaza, jawahar Road,

Ghatkopar (E), Mumbai-400 077.

FOR J.D. ZATAKIA & COMPANY

CHARTERED ACCOUNT ANTS

FIRM REGN.N0.111777W

J.D. ZATAKIA-PROPRIETOR

MEMBERSHIP NO. 17669

UDIN:25017669BMJABJ3868

©: +91 -22-25011051

+91 -22 -2501 0052

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TERRAFORM MAGNUM LIMITED

Corporate Identity Number: L65990MH1982PLC040684

Regd. Off.: Godrej Coliseum, A-Wing 1301, 13th Floor, Behind Everard Nagar,

Off Eastern Express Highway, Sion (East), Mumbai -400 022 T: + 91 (22) 62704900

Web: www.terraformmagnum.com E-mail: secretarial@terraformrealty.com

Annexure-A

Details required under Regulations 30 of SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated

September 9, 2015 is given below:

Name

Reason for Appointment

Date of Appointment and

Terms of Appointment

Brief Profile (In case of

Appointment)

Brief Profile of Independent Directors:

Mrs. Renuka Gautam

Due to the completion of second

and final term of prior

Independent Directors of the

Company, with effect · from

March 31st, 2025 causing casual

vacancy on the Board of

Directors ofthe Company.

Date: 30th May, 2025

Mr. Yineet Mishra

Due to the completion of second

and final term of Independent

Directors of the Company, with

effect from March 31st, 2025

causing casual vacancy on the

Board of Directors of the

Company.

Date: 30th May, 2025

Term: For tenure of 5 Term: For tenure of 5

consecutive years commencing consecutive years commencmg

from May 30th, 2025 subject to from May 30th, 2025 subject to

approval of the members by way approval of the members by way

of a Special Resolution. Further of a Special Resolution. Further

she shall not be liable to retire by he shall not be liable to retire by

rotation. rotation.

Mrs. Renuka Shroff is an Mr. Yineet Mishra is a Science

accomplished professional with Graduate with having more than

a vast experience in Finance 25 years of experience in the

and Business Strategy capacity of Operations Manager,

Management. She has Project Manager, Production

completed her education as Manager out of which the last 16

bachelors degree in commerce years running a Import Export &

from SIES College of Trading firm with Freight

Commerce and Economics. She Forwarding and clearing. He is a

is also a CA Inter qualified Certified Independent Director

Professional. She has held for Ministry of Corporate Affairs

leadership positions in reputed (MCA) Government of India. He

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TERRAFORM MAGNUM LIMITED

Corporate Identity Number: L65990MHI982PLC040684

Regd. Off.: Godrej Coliseum, A-Wing 1301, 131" Floor, Behind Everard Nagar,

Off Eastern Express Highway, Sion (East), Mumbai -400 022 T: + 91 (22) 62704900

Web: www.terraformmagnum.com E-mail: secretarial@terraformrealty.com

Disclosure of Relationship

between Directors (in case

of Appointment)

organizations and plays a has a good analytical &

crucial role in ensuring organizing skills, leadership

corporate integrity and qualities, good interpersonal &

governance by way of her coordination skills.

expertise in strategic planning,

risk management, compliance,

and corporate governance.

Nil Nil

Affirmation that the To the best of our knowledge To the best of our knowledge

Director being appointed is and information, we hereby and information, we hereby

not debarred from holding affirm that Mrs. Renuka Shroff is affirm that Mr. Vineet Mishra is

the office of director by not debarred from holding the not debarred from holding the

virtue of any SEBI order or office of director by virtue of any office of director by virtue of any

any other such authority SEBI order or any other such SEBI order or any other such

authority. authority.

Brief Profile of Secretarial Auditor:

Name of Auditor M/s. Dholakia & Associates LLP

Brief Profile of Secretarial Audit or M/s. Dholakia & Associates LLP, Practicing

Company Secretaries based in Mumbai, is a 42 year

old firm with rich experience in providing services

on Corporate Law matters including but not limited

to Secretarial Audit, Bank Diligence Audit, SEBI

Audit, etc. for Listed and Unlisted Companies. The

Firm is Peer Reviewed and Quality reviewed under

the ICSI Guidelines.

Date of Appointment and Terms of Appointment Date of Appointment-30111 May, 2025

The terms of appointment decided mutually

between Secretarial Auditor and Board of Directors

ofthe Company.

Disclosure of Relationship between Directors (in Not Applicable

case of Appointment)

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