Anant Raj Limited has informed the Exchange regarding 'Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 '.
ANANTRAJ · price
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Anant Raj Limited has signed a supplementary agreement modifying its existing collaboration (originally dated November 26, 2021) with Destination Properties Private Limited for a residential group housing project in Gurugram, Haryana, spread over about 5.0875 acres (of which 2.25 acres is contributed by Destination Properties). Under the revised terms, Destination Properties will now receive 17.69% of total project revenue, replacing the earlier arrangement where it was entitled to a share of developed area. Anant Raj retains exclusive rights for development, marketing, and sales, with revenue shared periodically through a RERA-compliant mechanism, and Destination Properties will reimburse TDR (Transferable Development Rights) costs. The two parties are not related, and the transaction is not a related-party deal.
The shift from a developed-area sharing model to a revenue-sharing model gives Anant Raj a larger economic share of the project (around 82.3% of revenue) while keeping full operational control, which is mildly positive for shareholders. The deal is not a related-party transaction, reducing governance concerns.