Omaxe Limited has informed the Exchange about Project launch

Regulatory Product ApprovalBusiness Updates View source PDF Explain this filing

OMAXE · price

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Price reactionminutes from the announcement price · days from the prior close

+2.3%Reaction day

₹79.00

prior close

₹79.80

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+1.5% vs market

Residential Commercial Projects peers, median of 57sector+1.8%+0.5% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 0.5 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+2.3+0.8+1.5+1.8+0.5

Next day

+1.2+2.0-0.7+3.0-1.8

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+0.4+1.7-1.3+2.6-2.2

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15d

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+36.2+5.6+30.6+13.5+22.6

+32.3+9.0+23.4+13.4+18.9

+18.2+3.5+14.6+2.3+15.9

UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 57Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Omaxe Limited's wholly-owned subsidiary, Omaxe Garv Builtech Private Limited, has received RERA registration for a new residential plotted development called 'Metro City Phase 11' located in Lucknow, Uttar Pradesh. The project is classified as a Hitech Township — Residential Plots and was officially launched on May 15, 2025. It targets both domestic and international buyers. No specific project size, revenue potential, or investment figure was disclosed in the filing. The registration number is UPRERAPRJ568472/05/2025, and full project details are available on the UP-RERA website.

Likely market impact

This is a routine regulatory milestone enabling the subsidiary to legally market and sell plots in the new Lucknow project. For shareholders, it signals continued project pipeline activity, but the lack of disclosed scale or sales targets makes it a neutral-to-mildly-positive event without immediate financial visibility.