01-Oct-2026 20:26:02
Sunteck Realty : DEMERGER OF RESIDENTIAL PROJECT APPROVED
• Board of Directors approved a Scheme of Arrangement between Sunteck Realty Limited and its wholly owned subsidiary, Satguru Corporate Services Private Limited. • The scheme involves the demerger and consolidation of the Demerged Business Undertaking of Satguru into Sunteck. • The Demerged Business Undertaking comprises the residential real estate project under "Sunteck City 4th Avenue Undertaking". • Turnover of the Demerged Business Undertaking for FY26 was Rs. ~869 Cr, representing ~77% of Sunteck's total consolidated turnover. • Benefits include consolidation of business, administrative and operational efficiencies, and better pooling of financial resources. • There will be no change in the shareholding patterns of Sunteck and Satguru. • The equity shares of Sunteck are already listed on stock exchanges, and no new listing is required.
Sunteck Realty Ltd
Open attachment