Date: August 13, 2026
Disinvestment / Strategic Actions
Sumit Woods Limited, along with another partner, has incorporated a Limited Liability Partnership (LLP) named Arcstone Capital Management LLP (LLPIN: ADB-1581).
- The Ministry of Corporate Affairs approved the incorporation and issued a Certificate of Incorporation on August 13, 2026.
- The company has acquired a 99% stake in the LLP through a cash consideration.
- The total capital contribution for the stake is ₹1,00,000.
- The LLP will operate in the business of Investment Advisory Services, specifically as management consultants, investment advisors, and investment managers to pooled investment funds.
- The incorporation is intended to support the company's investment activities and is not expected to materially affect its principal real estate business.
- The transaction is classified as a related party transaction as the LLP is a body corporate in which the company has a 99% holding. However, it is stated to be carried out on an arm's length basis.
- The LLP is newly incorporated (August 13, 2026) and has no operational history. Its turnover for the last three financial years (FY 2023-24, 2024-25, 2025-26) is ₹NIL.
- Its registered office is in Mumbai, India.
- No governmental or regulatory approvals were required for this acquisition, and an indicative time period for completion is not applicable.
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Board Meeting Outcomes
Not Specified
Financial Results
Not Specified
Auditor’s Report
Not Specified
Other Operational / Legal / Strategic Disclosures
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.
The signatory is Rekha Jayesh Bagda, Company Secretary & Compliance Officer (Membership no.: A61024).