1. Un-audited Financial Results of the Company for the Quarter and Nine Months Ended December 31, 2025. (Copies enclosed herewith). 2. Took note of Limited Review Report of the Statutory ....
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Awaiting price reaction for this filing.
Terraform Magnum Ltd reported essentially zero revenue from operations for the quarter and nine months ended December 31, 2025, with total income of just ₹0.03 lakh in Q3 FY26 and ₹0.02 lakh for 9M FY26 (vs. ₹0.11 lakh in 9M FY25). The company posted a loss of ₹1.32 lakh in Q3 FY26 and ₹5.42 lakh for 9M FY26, slightly narrower than the ₹7.29 lakh loss in the prior-year period. Other Equity stood at a deeply negative ₹(1,854.60) lakh as of March 31, 2025, and the auditor flagged a material uncertainty related to going concern. An emphasis-of-matter note highlights a disputed Kandivali property assignment where the assignee has defaulted on payments. The Board also appointed Mr. Harsh Shedge as Company Secretary and Compliance Officer (KMP).
The company remains a non-operating, loss-making shell with negative net worth and a formal going-concern qualification from its auditor — this is a significant red flag for shareholders. Stock price reaction is likely negative given the going-concern warning, unresolved Kandivali asset dispute, and continued cash burn.