Pursuant to Regulation 47 of Listing Regulations please find enclosed the copies of extract of Audited Financial Results of the Company for the Quarter and year ended 31st March 2025 published ....
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Terraform Magnum Ltd has filed copies of its audited financial results extract for the quarter and year ended 31 March 2025, which were published on 31 May 2025 in Navshakti (Marathi) and Free Press Journal (English) newspapers as required under SEBI Listing Regulations. For FY25, total income from operations was just Rs 0.66 lakh versus Rs 0.51 lakh in FY24, and the company reported a net loss of Rs 8.54 lakh for the year after tax. For Q4 FY25, net loss stood at Rs 1.26 lakh on income of Rs 0.07 lakh. The Board noted that the company's net worth is negative as at 31 March 2025, and accounts have been prepared on a going-concern basis. Key context: an April 2018 Deed of Assignment for rights in a Kandivali (East) property has run into repeated defaults by the assignee, with disputes and uncertainties continuing, meaning revenue under Ind AS 115 will only be recognised once performance obligations and uncertainties are resolved.
For shareholders: the company is barely operational with negligible revenue, recurring losses, and a negative net worth, coupled with unresolved property-assignment disputes. These are red flags that could weigh on the stock and signal continued financial fragility, though the going-concern assumption suggests management expects the business to continue.