Date: July 21, 2026

Board Meeting Outcomes

  • The company received Development Permission and grant of Full Commencement Certificate dated July 20, 2026 for its Project "SUMIT KMR PARAM" located in Borivali West
  • This marks a significant milestone enabling the Company to commence construction activities in accordance with approved plans and statutory approvals

Operational Disclosures

Project Details:

  • Project Name: SUMIT KMR PARAM
  • Location: Borivali West, Mumbai on plot No. 282, 283, 284, 293 C.T.S.No. 282, 283, 284, 293
  • Division/Village/Town Planning Scheme No: BORIVALI-R/C
  • Situated at: 18.30 mtr. wide Road & 13.40 mtr. Wide DP Road in R/C Ward
  • Project Type: Premium residential development on strategically located open plot
  • Features: Modern residential units with contemporary amenities and quality infrastructure

Commencement Certificate Details:

  • Application Number: P-12775/2022/(282 And Other)/R/C Ward/BORIVALI-R/C/FCC/2/Amend
  • Application Date: November 10, 2022
  • Certificate Issue Date: July 20, 2026
  • Valid Until: March 4, 2027
  • Approved Plans Date: December 1, 2025

Building Specifications:

  • Residential Building No. 1 comprises:
  • Basement + (part) Ground floor + (part) Stilt floor
  • 1st to 8th podium floors
  • 9th to 37th upper floors
  • Residential user + LMR + OHT + Dome

Certificate Conditions:

1. Land vacated due to setback line/road widening endorsement shall form part of public street

2. No occupancy permitted without occupancy permission

3. Certificate valid for one year from issue date (renewable annually, maximum three years extension)

4. Does not entitle development of land not vested in the company

5. Certificate revocable if: development not carried out as per sanctioned plans, conditions contravened, or obtained through fraud/misrepresentation

6. Conditions binding on applicant, heirs, executors, assignees, administrators, successors, and all deriving title

Municipal Authority:

  • Appointed Authority: Shri Jagannath Shriram Gavhane, Assistant Engineer
  • Powers: Exercise of Planning Authority functions under Section 45 of Maharashtra Regional and Town Planning Act, 1966

Certificate History:

  • March 5, 2024: Initial CC granted for work up to plinth level only (valid until March 4, 2025)
  • November 28, 2024: CC granted and extended for Building No. 1 up to 19th upper floor (restricting Flat No. 6 of 19th upper floor)
  • March 18, 2025: CC granted and extended for Building No. 1 up to 34th floor (restricting CC of Flat No. 2 of 34th part)
  • July 20, 2026: Full Commencement Certificate granted for complete building up to 37th floor

Compliance Disclosure

  • This disclosure is made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
  • Continuation of previous announcement dated March 19, 2025