Alfavision Overseas (India) Limited has filed a regulatory disclosure pursuant to Regulation 30 of SEBI LODR Regulations, 2015, regarding the appointment of legal counsel for a proposed development project.

Nature of Event

The company has appointed Wadia Ghandy & Co., Advocates & Solicitors, as its legal counsel in connection with a proposed integrated real estate, hospitality and leisure development project.

Project Details

The proposed project involves:

  • Collaboration with Della Resorts & Adventure Private Limited
  • Development of land situated at Village Saras, Taluka Icchawar, District Sehore, Madhya Pradesh
  • Land area aggregating approximately 220 acres
  • Estimated Gross Development Value (GDV) potential of over INR 2,000 Crores

Legal Counsel Engagement

  • Date of engagement: 23rd June, 2026 (date of engagement letter)
  • Law firm: Wadia Ghandy & Co., Advocates & Solicitors
  • Scope of engagement includes:
  • Preparation, discussion and finalization of the proposed collaboration agreement between Alfavision Group landowners and Della Resorts & Adventure Private Limited
  • Legal advisory services relating to the proposed integrated development project

Background and Context

This appointment is in continuation of the company's earlier intimation dated 06th March, 2026 regarding the execution of a Term Sheet for the proposed development project. The appointment of legal counsel represents a step towards facilitating documentation and legal structuring of the proposed transaction.

Current Status and Conditions

The proposed project remains subject to:

  • Completion of due diligence
  • Commercial negotiations
  • Execution of definitive agreements
  • Receipt of necessary statutory, regulatory and other requisite approvals, as applicable

No definitive collaboration or development agreement has been executed pursuant to this appointment. The engagement is for legal advisory and documentation purposes only in connection with the proposed strategic development arrangement.

Financial Impact

Financial impact not quantified in the disclosure. The project has potential GDV of over INR 2,000 Crores but remains subject to multiple conditions and approvals.