Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please be informed that the Company has entered into Joint Development ....
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Ironwood Education Ltd has entered into a Joint Development Agreement with AVA Lifespaces LLP on January 28, 2026, to develop an SRA (Slum Rehabilitation Authority) real estate project in Kandivali East, Mumbai. The plot covers 1,752.53 sq.m at Hanuman Nagar, Vadar Pada, for the 'Navtarun CHS (Prop)' project. AVA Lifespaces will pay a refundable security deposit of ₹5.50 crore, and net profits will be split 70% in favour of Ironwood and 30% to AVA after project cost recovery. The transaction is a related-party deal, as Ironwood's promoters Rushabh Chaubey and Vijayshankar Tripathi are also designated partners in AVA Lifespaces LLP, though the company states it is at arm's length. Ironwood is not making any capital contribution, limiting its financial risk to the project.
This signals a diversification move for the education-focused company into real estate development, with a favourable profit split and limited capital outlay. However, the related-party nature of the JV and the modest ₹5.5 crore deposit may draw investor attention around governance and strategic direction.