Terraform Realstate Ltd appointed Uday Kuverji Mota as Managing Director effective February 2, 2026, for five years (to Feb 1, 2031), pending shareholder approval. The elevation from Director leverages his 25+ years in real estate to drive growth.
Terraform Realstate Ltd, a Mumbai-based real estate firm, announced the strategic appointment of Uday Kuverji Mota as Managing Director on February 2, 2026, elevating him from Director to Key Managerial Personnel.
The Board approved the move based on the Nomination & Remuneration Committee's recommendation during its meeting today. Mr. Mota's five-year term (Feb 2, 2026 - Feb 1, 2031) awaits shareholder confirmation at the next General Meeting, ensuring governance standards.
With over 25 years in real estate, including promoter ties since 1996 and involvement in CREDAI/MCHI, Mr. Mota brings deep sector insights. His DIN 08635338 holds clean regulatory records, aligning with SEBI LODR Reg 30 and Master Circular disclosures.
This follows recent board changes, like Ms. Bhavisha Dedhia's reappointment as MD at 2025 AGM and resignations. Amid India's housing resurgence, Mota's leadership eyes project execution, sales acceleration.
Key Highlights
-
Appointee: Uday Kuverji Mota (DIN: 08635338).
-
Role: Managing Director (Key Managerial Personnel).
-
Effective Date: February 2, 2026.
-
Term: 5 years (ends February 1, 2031).
-
Approval: Board via Nomination & Remuneration Committee; shareholder nod pending.
-
Expertise: 25 years real estate; Higher Secondary from Mumbai.
-
Compliance: SEBI Reg 30; no debarments.
Shares reflect optimism in leadership stability for growth.
Sources: ScanX, MarketScreener, Company Website