Cinevista Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/06/2025 ,inter alia, to consider and approve The Carpet Area Sanctions received ....
CINEVISTA · price
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Cinevista Ltd has informed BSE and NSE that its Board of Directors will meet on Thursday, 12 June 2025, at 2:00 p.m. The key item on the agenda is to consider and approve the Carpet Area Sanctions received for Towers 'A' and 'B' of a real estate project called 'Antares,' which is being developed under a Joint Development Agreement (JDA) with K Raheja Corp Real Estate Pvt. Ltd. Carpet area sanctions are official clearances from planning authorities that approve the floor-area specifications for construction. The Board will also discuss any other matters with the Board's permission. This intimation is filed under SEBI LODR Regulation 30.
Receipt of carpet area sanctions for two towers is a meaningful construction milestone under the K Raheja Corp JDA, potentially unlocking further project activity and revenue visibility. Shareholders should look for the Board meeting outcome on 12 June for details on next steps and any financial implications for the Antares project.