Pursuant to Regulation 30 read with Schedule III of the SEBI (LODR) Regulation, 2015 and in accordance with the SEBI Master Circular No. SEBI Master Circular No. SEBI/HO/CFD- POD-1/P/CIR/2023/123 ....

TERRAFORM MAGNUM LIMITED Corporate Identity Number: L65990MH1982PLC040684 Regd. Off.: Godrej Coliseum, A-Wing 1301, 13th Floor, behind Everard Nagar, Off Eastern Express Highway, Sion (East), Mumbai 400 022. Tel: +91(22) 62704900 Web: www.terraformmagnum.com E-mail:secretarial@terraformrealty.com August 05, 2026 The Manager Listing Compliance Department BSE Limited P.J. Towers, Dalal Street, Mumbai- 400 001 Scrip Code: 506162 Subject: Intimation of Resignation of Statutory Auditors under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with the SEBI Master Circular No. SEBI/HO/CFD/CFD-PoD- 1/P/CIR/2023/123 dated July 13, 2023, we wish to inform you that M/s. J. D. Zatakia & Co., Chartered Accountants (Firm Registration No. 111777W), have tendered their resignation as the Statutory Auditors of the Company with effect from August 04, 2026. The details required under Regulation 30 read with the aforesaid SEBI Master Circular are provided in Annexure A enclosed herewith. A copy of the resignation letter dated August 04, 2026, along with the annexure received from the Statutory Auditor, is also enclosed. TERRAFORM MAGNUM LIMITED Corporate Identity Number: L65990MH1982PLC040684 Regd. Off.: Godrej Coliseum, A-Wing 1301, 13th Floor, behind Everard Nagar, Off Eastern Express Highway, Sion (East), Mumbai 400 022. Tel: +91(22) 62704900 Web: www.terraformmagnum.com E-mail:secretarial@terraformrealty.com The reason for resignation as provided by the Statutory Auditor is as follows: "The existing fees are not commensurate with the time and effort required for carrying out the audit engagement and our responsibilities as statutory auditors." FOR TERRAFORM MAGNUM LIMITED Mr. Harsh Shedge Company Secretary & Compliance Officer TERRAFORM MAGNUM LIMITED Corporate Identity Number: L65990MH1982PLC040684 Regd. Off.: Godrej Coliseum, A-Wing 1301, 13th Floor, behind Everard Nagar, Off Eastern Express Highway, Sion (East), Mumbai 400 022. Tel: +91(22) 62704900 Web: www.terraformmagnum.com E-mail:secretarial@terraformrealty.com Annexure- A Resignation of Statutory Auditors of the Company Sr. Details of events that need to be Information of such event No. provided 1. Reason for change viz. appointment, The existing fees are not resignation, removal, death or commensurate with the time and otherwise effort required for carrying out the audit engagement and our responsibilities as statutory auditors. 2. Effective of Cessation August 04, 2026 3. Brief Profile Not Applicable 4. Disclosure of Relationship with other Not Applicable Directors Yours faithfully, FOR TERRAFORM MAGNUM LIMITED Mr. Harsh Shedge Company Secretary & Compliance Officer Encl: As above J. D. Zatakia & Co. CHARTERED ACCOUNTANTS INDIA Jitendra D. Zatakia B.Com,FCA. The Board of Directors TERRAFORM MAGNUM LIMITED Godrej Coliseum, A-Wing 1301, 13th Floor, Behind Everard Nagar, Off Eastern Express Highway, Sion East, Mumbai - 400 022, Dear Sir, SUBJEC ESIGNATION AS STATUTORY AUDITORS OF TERRAFORM MAGNUM LIMITED We refer to our appointment as statutory auditor of TERRAFORM MAGNUM LIMITED (the ‘Company’) for a period of five years (financial years 2024-25 to 2028-29) at the Annual General Meeting held on 27t September, 2024. This is with reference to our request and discussions regarding the statutory audit fees for the financial year ending March 31, 2027 of the company. Our discussions did not fructify, we regret to inform you of our inability to continue to be the statutory auditor as the existing fees are not commensurate with the time and effort required for carrying out the audit engagement and our responsibilities as statutory auditors. Please find attached in Annexure-A, the information to be obtained by the company from the auditor for the resignation as required by Securities and Exchange Board of India Master Circular SEBI/HO/CFD/CFD-PoD- 1/P/CIR/2023/123 dated July 13, 2023. We request you to submit applicable declarations to the Stock Exchanges as may be required under the SEBI (Listing obligations and Disclosure Requirements Regulation) 2015, as amended, within the prescribed timeline. We take this opportunity to reiterate our appreciation for the cooperation extended to us by your organization. Should you require any assistance in the future, please feel free to contact us. Thanking you, For]. D. Zatakia & Co., Chartered Accountants, ,éz/)?/fl( re (Jitendra D. Zatakia) Proprietor Membership No.: 17669 Firm Reg. No.: 111777W Date : 4th August 2026 Place: Mumbai. Encl: a/a © 306, Rupa Plaza, Jawahar Road, () +91-22-35917619 [ 85910 52011 Ghatkopar (E), Mumbai - 400077. +91-22-25010052 X jdzatakia@jdzatakia.com J. D. Zatakia & Co. CHARTERED ACCOUNTANTS Jitendra D. Zatakia B.Com,FCA. Ann - A Inf fon of Resignation of Aud a ith SEBI M Circul, FD, o 5 123 dates 202 Sr.No. | Particulars Explanations 1 Name of the listed entity/ material subsidiary: Terraform Magnum Limited 2. Details of the statutory auditor: a, Name: Jitendrakumar D Zatakia Prop. ] D Zatakia & Co b. Address: 306 Rupa Plaza, Jawahar Road, Ghatkopar East, Mumbai 400077. c. Phone number: 9820122976 d. Email: jdzatakia@jdzatakia.com 3. | Details of association with the listed entity/-materiat subsidiary: a. Date on which the statutory auditor was appointed: 27" September 2024 b. Date on which the term of the statutory auditor was scheduled | Till conclusion of AGM for F.Y 2028-29 to expire: <. Prior to resignation, the latest audit report/ limited review Statutory Audit Report for the year ended 31* March 2026 report submitted by the auditor and date of its submission. vide our report dated 26 May 2026 and Limited Review Report issued for Quarter ended 30™ June 2026 vide our report dated 16 July 2026. 4. Detailed reasons for resignation: The existing fees are not commensurate with the time and effort required for carrying out the audit engagemenatnd our responsibilities as statutory auditors 5. | In case of any concerns, efforts made by the auditor prior to Not applicable resignation (including approaching the Audit Committee/Board of Directors along with the date of communication made to the Audit Committee/Board of Directors) 6. | In case the information requested by the auditor was not Not applicable provided, then following shall be disclosed: 2. Whether the inability to obtain sufficient appropriate audit > evidence was due to a management- imposed limitation or circumstances beyond the control of the management. b. Whether the lack of information would have significant impact = on the financial statements/ results. c. Whether the auditor has performed alternative procedures to - obtain appropriate evidence for the purposes of audit/limited review as laid down in SA 705 (Revised) 1 d. Whether the lack of information was prevalent in the previous - reported financial statements / results. If yes, on what basis the previous audit/ limited review reports were issued. 7. Any other facts relevant to the resignation - Declaration 1 We hereby confirm that the information given in this letter and its attachments is correct and complete. 2. We hereby confirm that there is no other material reason other than those provided above for my resignation of my firm Thanking you, For] . D. Zatakia & Co,, Chartered Accountants, T At (Jitendra D. Zatakia) Proprietor Membership No.: 17669 Firm Reg. No.: 111777W Place: Mumbai. Date: 4t August, 2026. © 306, Rupa Plaza, Jawahar Road, (©) +91-22-35917619 [ 8591052011 Ghatkopar (E), Mumbai - 400077. +91-22-25010052 4 jdzatakia@jdzatakia.com