Pursuant to Regulation 30 and 33 read with Schedule III of SEBI(LODR) Regulations, 2015, we are pleased to inform you that the Board Of Directors of Terraform Magnum Limited at its meeting ....
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Terraform Magnum Ltd reported virtually no business activity in Q1 FY26, with Revenue from Operations at nil and Other Income of just ₹0.02 lakh. Total Expenses stood at ₹2.90 lakh, almost entirely made up of Other Expenses, leading to a net loss of ₹2.88 lakh for the quarter versus a loss of ₹2.60 lakh in Q1 FY25. The company's Other Equity is deeply negative at approximately ₹1,854.80 lakh (about ₹18.5 crore), and the Statutory Auditor has flagged a 'Material Uncertainty Related to Going Concern' as the net worth continues to be negative. The auditor also issued an 'Emphasis of Matter' on a Kandivali property deed of assignment where the buyer has defaulted on payment, creating uncertainty over revenue recognition under Ind AS 115.
Shareholders should note the company is operationally dormant with no operating revenue, persistent losses, and a severely negative net worth, raising serious going-concern doubts. The auditor's qualifications and the unresolved property dispute are red flags that may weigh on the stock and any recovery in value.