AJMERA REALTY & INFRA INDIA LTD.
Key Transaction Details
The company has entered into a Share Purchase Agreement (SPA) for the transfer of its entire shareholding comprising 36% of the equity share capital of Ultra Tech Property Developers Private Limited.
Effective Date
Consequent to the transaction, Ultra Tech Property Developers Private Limited ceased to be an Associate Company of Ajmera Realty with effect from 10th July, 2026.
Financial Impact and Consideration
- Consideration received from the sale: ₹1,73,36,858 (Rupees One Crore Seventy-Three Lakhs Thirty-Six Thousand Eight Hundred and Fifty-Eight Only)
- Financial contribution of the associate company for the last financial year on a consolidated basis:
- Turnover/Revenue/Income: ₹485.68 Lakhs
- Percentage of consolidated turnover/revenue/income of listed entity: 0%
- Net Worth: ₹238.28 Lakhs
- Percentage of consolidated net worth of listed entity: 0.06%
Transaction Parties and Timeline
- Date of agreement: Share Purchase Agreement signed on 10th July, 2026
- Expected completion date: Effective date of transfer of shares - 10th July, 2026
- Buyer: Bloom Hotels and Living Private Limited ("Purchaser")
- Relationship to promoter: The Purchaser is not related to the promoter/promoter group/group companies in any manner
Regulatory Classification
- This is not a related party transaction, as the Purchaser is not a related party of the Company
- The transaction is done at arm's length