Terraform Magnum Limited
Nature of the Disclosure
This is a regulatory filing submitted to BSE Limited, made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI circular No. HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026.
Key Decision
- The Board of Directors of Terraform Magnum Limited, based on the recommendation of its Nomination & Remuneration Committee, has approved the re-appointment of Mr. Uday Kuverji Mota (DIN: 08635338) as Managing Director, a position designated as a Key Managerial Personnel (KMP) of the company.
Term of Appointment
- The re-appointment is for a fixed period of 5 (five) years.
- The term is effective from November 11, 2026, and will conclude on November 10, 2031.
Condition for Effectiveness
- The re-appointment is subject to the approval of the company's shareholders in a General Meeting.
Background and Rationale
- The re-appointment was considered because the current term of Mr. Uday Kuverji Mota is scheduled to be completed on November 10, 2026.
Profile of the Appointee
- Mr. Uday Kuverji Mota has completed his Higher Secondary Education from Mumbai.
- He has a total experience of 25 years in the field of real estate.
Other Disclosures
- The disclosure includes an Annexure A providing details as mandated by SEBI regulations.
- The relationship between directors was noted as 'Not Applicable' for this appointment.
- The letter was signed and submitted by Mr. Harsh Shedge, Company Secretary and Compliance Officer (Membership Number: A79856), on November 04, 2026.