Key Quantitative Figures (Amounts in ₹ Lakhs)

For the Quarter Ended June 30, 2026 (Unaudited):

  • Total Income: ₹0.00
  • Total Expenses: ₹2.90
  • Net Loss for the Period: ₹(2.88)
  • Earnings Per Share (EPS): Not explicitly stated in the numerical results table.

Comparative Figures (Audited for year ended March 31, 2026):

  • Total Income: ₹1,116.00
  • Total Expenses: ₹694.00
  • Net Profit for the Year: ₹422.00
  • Earnings Per Share (EPS): ₹24.00
  • Net Worth: Negative ₹(1,850.63)

Dates of Action

  • Board Meeting: Held on Thursday, July 16, 2026, from 03:30 p.m. to 04:50 p.m.
  • Period of Results: Quarter ended June 30, 2026.
  • Review Report Date: The Statutory Auditor's Limited Review Report is dated July 16, 2026.

Parties Involved

  • Stock Exchange: BSE Limited
  • Statutory Auditor: J. D. Zatakia & Company, Chartered Accountants (Firm Regn. No. 111777W)
  • Assignee: An unnamed party involved in a Deed of Assignment for a property.
  • Legal Authority: Hon'ble Bombay High Court

Material Developments and Contingencies

1. Kandivali Property Litigation and Revenue Recognition:

The Company entered into a Deed of Assignment dated April 26, 2019, for the assignment of its rights in a property held as stock-in-trade at Kandivali (East). The Company has been impleaded as a party to ongoing litigation before the Hon'ble Bombay High Court concerning title and ownership rights of this property. The assignee has allegedly committed defaults/non-fulfilment of contractual obligations. The Company has issued notices to the assignee to comply and clear outstanding dues. Due to these disputes and significant uncertainties, the Company has deferred revenue recognition under Ind AS 115. Revenue will be recognized only upon fulfilment of performance obligations and resolution of all uncertainties.

2. Going Concern Assessment:

The unaudited financial results have been prepared on a going concern basis based on management's estimated future cash flow projections and business prospects, despite the Company's net worth continuing to be negative (₹(1,850.63) lakh as of March 31, 2026).

Auditor's Emphasis and Conclusions

Limited Review Report by J. D. Zatakia & Company:

  • The auditor's review was conducted under Standard on Review Engagements (SRE) 2410.
  • Material Uncertainty Related to Going Concern: The auditor drew attention to Note 4 and management's representation regarding the preparation of results on a going concern basis despite negative net worth.
  • Emphasis of Matter: The auditor drew attention to Note 3 concerning the Kandivali property (disclosed as Inventory/Work-in-Progress), the Deed of Assignment, and related ongoing litigations and disputes. The ultimate outcome of these proceedings and their impact on the financial results is presently indeterminable.
  • Based on their review, nothing has come to their attention that causes them to believe the Statement of Unaudited Standalone Financial Results contains any material misstatement.

Additional Information

  • The financial results are available on the Company's website (www.terraformmagnum.com) and on the website of BSE Ltd.
  • The figures for previous periods have been regrouped/rearranged for correspondence with the current period.
  • Figures are rounded off to two decimals and are in ₹ Lakhs.
  • The financial results were signed by Uday Mota, Managing Director (DIN: 08635338).

The letter to BSE was signed by Mr. Harsh Shedge, Company Secretary and Compliance Officer.