Disclosure under Regulation 30- Step Down Subsidiary.
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B-Right Realestate's material subsidiary, B-Right Realestate Ventures LLP, has acquired an 89.99% stake in Danchi Developers LLP, making it a step-down subsidiary of the company. The transaction was done for a cash consideration of Rs. 89,990 (capital contribution) and is not a related-party deal. Danchi Developers LLP holds a real estate project spanning 4,256.7 sq. mtr. of land, expected to deliver a total saleable area of about 1.39 lakh sq. ft. with a projected Gross Development Value (GDV) of Rs. 181 Crores. Danchi Developers LLP was incorporated in September 2024 and reported nil revenue in FY25.
This expands the company's real estate development pipeline through a new project worth an estimated Rs. 181 Crores in GDV, which could support future revenue growth. However, the LLP had no revenue history and the project is in early stages, so the actual impact on near-term earnings remains limited and execution risk should be watched.