Sunteck Realty Limited has informed the Exchange about intimation of wholly-owned subsidiaries of the Company becoming a wholly owned Step-down subsidiaries of the Company
SUNTECK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sunteck Realty has reorganised its subsidiary structure by transferring its 100% stake in Magenta Buildcon Private Limited to another wholly owned subsidiary, Etashi Real Estates Private Limited, making Magenta a step-down subsidiary. Separately, the company has also transferred 100% stake in Sunteck Infracon Private Limited to Magenta, making Sunteck Infracon a step-down subsidiary. The consideration for each transfer is a nominal Rs. 1,00,000. Both entities are very small — Magenta was incorporated only in August 2025 with no revenue, and Sunteck Infracon has a net worth of just Rs. 0.11 lakh. The transactions are between wholly owned entities within the Sunteck group and have been carried out on an arm's length basis.
This is a routine internal corporate restructuring with no change in ultimate ownership or group consolidation. The entities involved are negligible in size, so there is no material impact on the company's financials or shareholder value.