ATV Projects India Limited has made a regulatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding a board-approved supplementary agreement.
The Board of Directors of the Company, at its meeting held on 27.10.2026, took note of subsequent developments in the consortium Memorandum of Understanding between Shri Vrinda Infracon Private Limited (the Developer) and the Company.
Key Details of the Supplementary Agreement
Parties Involved: Shri Vrinda Infracon Private Limited (the Developer)
Purpose: The Company has entered into a Supplementary Agreement (Addendum) to address measurement discrepancies in their land development project.
Background: During the development of land at ATV Nagar, Mathura, a joint measurement revealed a difference of 370 square yards against the originally agreed area of 15,918 square yards.
Revised Terms:
- The revised land area is now 15,548 square yards (reduced by 370 square yards)
- The total consideration has been revised from ₹47,75,40,000 to ₹46,64,40,000
- This represents a reduction of ₹1,11,00,000 in total consideration
Agreement Details: The Supplementary Agreement (Addendum) was dated 05.09.2026 and amends the registered Consortium Memorandum of Understanding with Shri Vrinda Infracon Pvt. Ltd.
Additional Decision: The parties have mutually decided not to execute a separate Development Agreement.
Financial Impact
The financial impact of the agreement amendment is quantified as a reduction of ₹1,11,00,000 in total consideration payable by the Company.