Pursuant to Regulation 30 and 33 read with Schedule III of SEBI(LODR) Regulation, 2015 , we are pleased to inform you that board of directors of the company at its meeting held on November,05, ....
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Terraform Magnum Limited reported nil revenue from operations for Q2 and H1 FY26, with total income of just Rs 0.02 lakh (mainly other income). The company posted a net loss of Rs 1.21 lakh for Q2 FY26 and Rs 4.10 lakh for H1 FY26, broadly in line with last year's losses. Shareholders' funds are deeply negative at Rs (1,834.89) lakh against equity share capital of Rs 24 lakh, and cash from operations remained negative at Rs (2.74) lakh. The auditor has flagged a 'Material Uncertainty Related to Going Concern,' noting results were prepared on a going concern basis despite the negative net worth, and also added an 'Emphasis of Matter' on disputed receivables from a 2019 Kandivali property deed assignment.
The stock remains a high-risk, thinly-traded shell with no operating revenue, persistent losses, deeply eroded net worth, and an explicit going-concern qualification from auditors, signalling continued solvency concerns for shareholders. A non-executive director (Ms. Bhavisha Dedhia) has also resigned effective November 5, 2025.