Terraform Magnum Approves Q2 FY27 Unaudited Results, Reappoints MD

Terraform Magnum Limited's Board of Directors met on November 04, 2026, to approve the un-audited financial results for the quarter and half-year ended September 30, 2026. The Board also took note of the Limited Review Report from the statutory auditors. Additionally, Mr. Uday Kuverji Mota was re-appointed as the Managing Director and Key Managerial Personnel (KMP) of the company. The company noted that despite negative net worth, it continues to operate on a going concern basis, with revenue recognition deferred for a property transaction due to ongoing disputes and litigation.