Date: August 22, 2026
Other Operational / Legal / Strategic Disclosures
The company has completed the formal transfer of 94,99,994 equity shares from Ashdan Properties Private Limited (APPL) to Ashdan Township Holdings Private Limited (ATHPL). This transfer implements a transaction that was originally agreed upon in March 2024 but could not be completed at that time due to the trading suspension of the company's equity shares during the National Company Law Tribunal (NCLT) / Corporate Insolvency Resolution Process (CIRP) period.
The actual demat account transfer was completed on August 20, 2026, following the company's receipt of trading approval from BSE Limited and National Stock Exchange of India Limited on July 31, 2026, with trading effective from August 03, 2026.
The company clarifies that this transfer represents the completion/implementation of previously disclosed transactions and does not constitute a separate or fresh transaction. The transfer is inter-se between promoter group entities under Regulation 168(2) of SEBI ICDR regulations.
The transferred shares continue to be subject to applicable lock-in restrictions by the exchanges until August 31, 2027.
Signature
Bhushan Vilas Palresha, Managing Director (DIN: 01258918) signed the disclosure on August 22, 2026.