Summary of Key Information:

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI LODR

Date of Board Meeting / Approval: October 31, 2026 (commenced at 1:45 p.m., concluded at 2:30 p.m.)

Corporate Actions:

Acquisition:

  • Acquisition of full economic interest in Monte South Project, Byculla by acquiring additional 60% stake in Swayam Realtors and Traders LLP (SRTL)
  • SRTL is a Joint Venture of the Company
  • Consideration: Up to ₹135 crores (Cash) plus bank guarantee of ₹200 crores, totaling up to ₹335 crores
  • Acquisition of 60% stake from Outgoing Partner, who is not a related party
  • Timeframe for completion: Two months from requisite approvals
  • Industry: Real Estate (same as main line of business of listed entity)
  • Not a related party transaction with promoter/promoter group/group companies
  • No governmental or regulatory approvals required

Target Entity Details (Swayam Realtors and Traders LLP):

  • Incorporated on July 25, 2012
  • Engaged in construction and real estate activities with ongoing projects in MMR (Mumbai Metropolitan Region)
  • Turnover History:
  • FY 2025-26: ₹374.46 Crores
  • FY 2024-25: ₹433.08 Crores
  • FY 2023-24: ₹680.07 Crores

Other Significant Information:

Objects and Effects of Acquisition:

  • Transaction intended to facilitate MNRL to enhance its economic interest and participation in the LLP's future business activities and returns