With reference to the above, we wish to inform you that the Board of Directors of the Company in their meeting held today i.e., on Friday, March 06th 2026, inter-alia approved: 1. The ....
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The board of Alfavision Overseas approved a term sheet with Della Resorts & Adventure Private Limited to develop an integrated hospitality, adventure and lifestyle project on about 220 acres of land in Saras, Icchawar, Sehore (Madhya Pradesh). The land belongs to the company along with promoter group entities. The project envisions luxury resorts, villas, wellness facilities, an adventure park and residential/commercial developments, with an indicative gross development value of over INR 2,000 crore. A special purpose vehicle (SPV) will be formed, in which the company and promoter group will hold 74% and Della will hold 26% (likely via sweat equity). Final terms are subject to definitive agreements and regulatory approvals. Della will provide development expertise, branding and operational support.
If executed, this JV could unlock significant value from the company's land bank and create a new revenue stream, though the project is still at term-sheet stage and subject to approvals and final structuring. Shareholders may view this positively given the marquee brand association with Della and the large GDV potential, but execution risk remains.