Signatureglobal (India) Limited has informed the Exchange about Outcome of Board Meeting
SIGNATURE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On 29th March 2026, the board of Signatureglobal approved two related transactions involving its wholly-owned subsidiary Gurugram Commercity Limited (GCL). First, the company will acquire the 'Residential Project' from GCL for a lump-sum of Rs. 50 crores, covering about 7.513 acres in Sector 71, Gurugram with roughly 16.42 lakh sq ft of development rights. Second, the company will sell 35.69 lakh equity shares of GCL to RMZ (Millennia Realtors) at Rs. 158.84 per share for about Rs. 56.70 crores, after which GCL will cease to be a wholly-owned subsidiary. The overall RMZ-GCL transaction value has been revised upward to about Rs. 1,293.47 crores (from Rs. 1,283 crores disclosed earlier), with RMZ putting in roughly Rs. 1,236.77 crores as fresh capital into GCL and the balance via share purchase from Signatureglobal. The residential project acquisition is a related party deal, done at arm's length on a slump-sale basis.
The deal brings in sizeable cash from RMZ, validates Signatureglobal's commercial asset value, and lets the company keep the residential project within the listed entity. The upward revision in consideration is mildly positive, but investors should note that GCL will no longer be fully under the company's control going forward.