Sumit Woods Acquires 99% Stake in Access Facility LLP

Sumit Woods Limited acquired a 99% partnership interest in Access Facility Management LLP for ₹99,000, gaining substantial control.
The target LLP, with nil turnover for three years, operates in real estate development and will be renamed Sumit Borivali Developers LLP.
This acquisition enables Sumit Woods to expand its real estate activities and participate in a building project for sustainable returns.
The transaction is classified as a related party transaction but was conducted on an arm's length basis.