Considered and Approved the following business: 1. Un-audited Financial Results of the Company for the Quarter and Half-year ended September 30, 2025; and Statement of Assets and Liabilities ....
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Terraform Magnum Limited's board approved the unaudited financial results for Q2 and H1 FY26 ended September 30, 2025. The company reported near-zero revenue (Rs 0.00 lakhs in Q2 FY26 vs Rs 0.02 lakhs in Q1) and a net loss of Rs 1.21 lakhs for the quarter, bringing the H1 FY26 loss to Rs 4.10 lakhs. The company's net worth remains deeply negative at Rs (1,834.89) lakhs, with reserves at Rs (1,858.89) lakhs and total current liabilities of Rs 3,061.40 lakhs far exceeding current assets of Rs 1,226.51 lakhs. The statutory auditor explicitly flagged a 'Material Uncertainty Related to Going Concern' and an 'Emphasis of Matter' on the Kandivali property assignment deal, which has ongoing disputes and payment defaults. Operating cash flow was also negative at Rs (2.74) lakhs for the half year. Additionally, Independent Director Ms. Bhavisha Dedhia (DIN: 09471104) resigned with effect from close of business on November 5, 2025, citing pre-occupation and personal commitments.
The company remains financially distressed with no meaningful revenue, persistent losses, deeply negative net worth, and an explicit going concern warning from auditors, which may weigh on investor confidence. The unresolved Kandivali property dispute and another board departure add to governance and operational concerns, suggesting elevated risk for shareholders.