Main Disclosure – Disinvestment Details
Target Entity: M/s Aquarise Developers Private Limited
Percentage Stake Disinvested: Entire 40% equity shareholding.
Post-Transaction Holding: M/s Aquarise Developers Private Limited shall cease to be an Associate Company of M/s Dinkar Realcon Private Limited.
Counterparty/Buyer:
- Mr. Bhupendra Singh (purchased 3,900 equity shares)
- Mrs. Manju Singh (purchased 100 equity shares)
Mode of Consideration: Cash.
Valuation or Price Basis: The 4,000 equity shares of ₹10/- each were sold at a price of ₹196/- per equity share.
Consideration Details:
- Sale of 3,900 shares to Mr. Bhupendra Singh for ₹7,64,400/- (Rupees Seven Lakh Sixty-Four Thousand Four Hundred only)
- Sale of 100 shares to Mrs. Manju Singh for ₹19,600/- (Rupees Nineteen Thousand Six Hundred only)
- Total Consideration: ₹7,84,000/- (Rupees Seven Lakh Eighty-Four Thousand only)
Related Party Status: Yes. Mr. Bhupendra Singh is a Director of subsidiary companies of Omaxe Limited, and Mrs. Manju Singh is his spouse. The transaction is confirmed to be undertaken on an arm's length basis.
Approvals Required: The disclosure states the transaction is not outside a Scheme of Arrangement and a slump sale is not applicable, implying no additional special approvals beyond standard governance were highlighted.
Indicative Timeline: The agreement was entered into on October 01, 2026, and the expected date of completion of the sale/disposal is also October 01, 2026.
Other Updates
- No other disclosures are present in the document.