Terraform Magnum Limited has submitted a regulatory disclosure regarding the resignation of its statutory auditors, M/s. J. D. Zatakia & Co., Chartered Accountants (Firm Registration No. 111777W).
The resignation was tendered effective August 04, 2026, and the company has complied with the disclosure requirements under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
The reason for resignation provided by the statutory auditor is: "The existing fees are not commensurate with the time and effort required for carrying out the audit engagement and our responsibilities as statutory auditors."
Appointment History
- Date of Appointment: 27th September 2024
- Term: Five years (financial years 2024-25 to 2028-29)
- Scheduled Expiry: Till conclusion of AGM for F.Y. 2028-29
Recent Audit Submissions
- Latest Audit Report: Statutory Audit Report for the year ended 31st March 2026, dated 26 May 2026
- Limited Review Report: For quarter ended 30th June 2026, dated 16 July 2026