Based on recommendation of Nomination & Remuneration Committee, approved the appointment of Mr. Uday Kuverji Mota as Managing Director of the company designated as Key Managerial Personnel ....
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Terraform Realstate Limited has appointed Mr. Uday Kuverji Mota as Managing Director of the company, designated as a Key Managerial Personnel. He was already on the board as a Director and is being elevated to the MD role with effect from February 02, 2026, for a 5-year term ending February 01, 2031. The appointment is subject to approval by shareholders at the next General Meeting and was recommended by the Nomination & Remuneration Committee. Mr. Mota has 25 years of experience in the real estate sector and is not debarred by any SEBI order.
This is an internal promotion rather than a fresh external hire, which signals board continuity. Since shareholder approval is still pending, investors should watch for the General Meeting outcome. The real estate sector experience of the new MD could be positive for the company's strategic direction.