Modis Navnirman Limited has informed the Exchange regarding a press release dated March 12, 2026, titled "Modis Navnirman Limited ( the Company ) is pleased to announce that it has received the OccupationCertificate (OC) from the competent authorfiort iyts residential project Rashmi Celestia located at BorivaliWest, Mumbai. ".
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Modis Navnirman Limited has received the Occupation Certificate (OC) from the competent authority for its mixed-use project 'Rashmi Celestia' located in Borivali West, Mumbai. The project spans approximately 1,30,000 square feet and includes ground-level commercial spaces, semi-commercial floors, and residential apartments with lifestyle amenities. With the OC secured, the company can now begin handing over possession of units to homebuyers. Management described this as a significant milestone reflecting timely and quality project completion. The company continues to expand its footprint across Mumbai's western suburbs including Borivali, Kandivali, Malad, and Goregaon.
Positive for shareholders as the OC enables the company to start handing over units and recognize revenue from the project. Timely completion also strengthens the developer's credibility for future sales, though no specific financial figures or revenue impact were disclosed in this announcement.