Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 - Wholly Owned Subsidiary Likely to become a Material Subsidiary

MKVentures Capital Ltd has informed BSE that its wholly owned subsidiary, Destination Properties Private Limited, has entered into a Supplementary Agreement with Anant Raj Limited for developing a residential group housing project in Gurugram, Haryana. Under the revised arrangement, the subsidiary will be entitled to approximately 17.69% of total project revenue. The project covers about 5.0875 acres of land, with the subsidiary contributing approximately 2.25 acres. Anant Raj Limited holds exclusive development, marketing, and sales rights. Due to the expected scale-up in operations and revenue potential, Destination Properties is likely to qualify as a Material Subsidiary under SEBI LODR Regulations.