🔍

Sunteck Realty Limited (SUNTECK)

₹275.00 +0.33% last close, 16 Oct

📊 NSE: SUNTECK 🏢 Construction 📢 Latest filing: 14 Oct 2026 📝 Analysis written: 14 Dec 2025

Q2 FY27 results

📅 Next results: 26 Oct 2026 (board meeting)

Sunteck Realty Limited's board meets on 26 Oct 2026 to consider its Q2 FY27 results (July-September 2026).

In its latest reported quarter, Q1 FY27, Sunteck Realty's revenue was ₹192 Cr (+1.7% year on year, -43.5% on the previous quarter), and net profit ₹42.0 Cr (+25.5% year on year); the operating margin was 35.0%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹192	+1.7%	-43.5%
Operating profit	₹67.0	+40.3%	-30.7%
Net profit	₹42.0	+25.5%	-33.2%
EPS (₹)	2.88	+26.3%	-33.6%
Operating margin	35.0%	—	—

Full quarterly financials → Results calendar →

SUNTECK delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 49.22% of the SUNTECK shares traded on NSE were taken to delivery, against the stock's own 20-session average of 49.81%. That is close to its usual level.

49.22%Delivery, 16 Oct

49.81%Own 20-session average

0.7×Volume vs its average

₹275.00NSE close · +0.33%

Delivery in the last 5 sessions: 50.9% · 41.7% · 45.2% · 50.0% · 49.2%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Sunteck Realty Submits Regulation 74(5) Demat Compliance Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 14 Oct 2026, 08:10 PM

Sunteck Realty Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate from the registrar MUFG Intime India Pvt. Ltd. confirms that share certificates received for dematerialisation were duly processed, verified, and cancelled. This is a periodic administrative filing confirming normal depository reconciliation with no impact on operational performance.

Compliance certificate filed for the quarter ended 30th September 2026
Issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Confirmation issued by RTA MUFG Intime India Pvt. Ltd. on 03-10-2026
Exchange filing completed on 14th October, 2026

💡 Track upcoming Q2 FY27 operational updates and financial results for substantive metrics on pre-sales and project collections.

Sunteck Realty Subsidiary Acquires ~4.5 Acres Land Parcel in Borivali West, Mumbai

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 05 Oct 2026, 07:15 PM

Sunteck Realty Limited's wholly owned subsidiary has acquired an approximate 4.5-acre land parcel located adjacent to New Link Road in Borivali West, Mumbai. The transaction adds prime western suburban real estate to the company's development pipeline, aligning with its strategy to expand its footprint in the Mumbai Metropolitan Region (MMR). Sunteck has a current development portfolio of ~50 million sq. ft. and Gross Development Value (GDV) of ~Rs 39,370 Cr, against TTM revenue of Rs 1,127 Cr. Financial terms, acquisition cost, and development potential (GDV) for this specific parcel were not disclosed.

Wholly owned subsidiary acquired approx. 4.5 acres of land in Borivali West, Mumbai
Land parcel is strategically situated adjacent to New Link Road
Transaction confirmed as not falling under related party transactions
Acquisition cost and projected Gross Development Value (GDV) were not disclosed

💡 Track subsequent disclosures regarding the acquisition cost, planned Gross Development Value (GDV), launch timeline, and approval milestones for the Borivali West project.

Sunteck Approves Scheme of Arrangement with Subsidiary Satguru; Appoints EY as Internal Auditor

🟡 NEUTRAL ⭐ 6/10

M&A 📅 01 Oct 2026, 08:30 PM

Sunteck Realty Limited's Board of Directors has approved a Scheme of Arrangement between the company and its wholly owned subsidiary, Satguru Corporate Services Private Limited, under Sections 230-232 of the Companies Act, 2013. The company will act as the Resulting Company, absorbing demerged operations from Satguru. Additionally, the Board appointed Ernst & Young LLP (EY) as Internal Auditor through March 31, 2027. Commercial and financial terms of the demerger were not disclosed in the immediate filing.

Approved Scheme of Arrangement with wholly owned subsidiary Satguru Corporate Services Private Limited
Sunteck Realty designated as Resulting Company and Satguru as Demerged Company under Sections 230-232
Appointed Ernst & Young LLP (EY) as Internal Auditor with tenure up to 31st March, 2027
Board meeting commenced at 6.45 p.m. and concluded at 7.05 p.m. on 1st October, 2026

💡 Track subsequent exchange filings for detailed financial metrics of the scheme, including swap ratios (if any) and regulatory approvals from NCLT and shareholders.

Sunteck Realty to demerge ₹869 Cr residential project from subsidiary into parent company

🟡 NEUTRAL ⭐ 6/10

M&A 📅 01 Oct 2026, 08:25 PM

Sunteck Realty's Board approved a Scheme of Arrangement to demerge the 'Sunteck City 4th Avenue' residential undertaking from its wholly owned subsidiary, Satguru Corporate Services, directly into Sunteck Realty. The demerged undertaking accounted for a turnover of ~₹869 crore for FY26, representing ~77% of Sunteck's total consolidated turnover of ₹1,123.84 crore. Because Satguru is a wholly owned subsidiary, no new shares will be issued, and there is no change in shareholding pattern or cash consideration. The move is aimed at consolidating project operations, optimizing financial deployment, and achieving administrative efficiencies.

Demerger of 'Sunteck City 4th Avenue Undertaking' from 100% subsidiary Satguru into parent Sunteck Realty
Demerged business generated ~₹869 Cr turnover in FY26, or ~77% of consolidated turnover
No shares to be issued and no cash consideration as Satguru is a wholly owned subsidiary
Scheme is subject to statutory and regulatory approvals including the NCLT

💡 Track the regulatory approval milestones, specifically the NCLT filing and subsequent sanction of the Scheme of Arrangement.

Sunteck Approves Scheme of Arrangement with Subsidiary Satguru; Appoints EY as Internal Auditor

🟡 NEUTRAL ⭐ 6/10

M&A 📅 01 Oct 2026, 08:17 PM

Approved Scheme of Arrangement with wholly owned subsidiary Satguru Corporate Services Private Limited
Sunteck Realty designated as Resulting Company and Satguru as Demerged Company under Sections 230-232
Appointed Ernst & Young LLP (EY) as Internal Auditor with tenure up to 31st March, 2027
Board meeting commenced at 6.45 p.m. and concluded at 7.05 p.m. on 1st October, 2026

💡 Track subsequent exchange filings for detailed financial metrics of the scheme, including swap ratios (if any) and regulatory approvals from NCLT and shareholders.

India Ratings Affirms Sunteck Realty's Bank Facilities at 'IND AA/Stable', Assigns 'IND A1+' to CP

🟢 POSITIVE ⭐ 6/10

OTHER 📅 01 Oct 2026, 05:38 PM

India Ratings and Research has affirmed Sunteck Realty Limited's Issuer Rating and Bank Loan Facilities at 'IND AA/Stable' and 'IND A1+'. In addition, the rating agency assigned an 'IND A1+' rating to the company's Commercial Paper program. The affirmations reflect stable creditworthiness across Sunteck's debt profile, which stood at Rs 591 Cr as of recent figures (0.23x D/E). The top-tier short-term rating of IND A1+ confirms strong liquidity support for short-term commercial paper issuances.

Bank loan facilities affirmed at 'IND AA/Stable/IND A1+' by India Ratings
Issuer rating affirmed at 'IND AA/Stable'
Commercial paper rating assigned as 'IND A1+'
Announcement released on October 1, 2026 under SEBI Regulation 30

💡 Track the upcoming quarterly financial results and pre-sales updates to ensure cash flows support the stable rating trajectory and low leverage.

Sunteck Realty Receives ₹59.44 Cr GST Show Cause Notice on TDR Purchases

🔵 WATCH ⭐ 6/10

LEGAL 📅 25 Sep 2026, 06:14 PM

Sunteck Realty has received a show cause notice (Form GST DRC-01) under Section 73 of the GST Act from the Department of Goods and Services Tax for FY 2022-23. The total tax demand aggregates to ₹59,43,79,402 (inclusive of interest and penalty) regarding GST on procurement of Transferable Development Rights (TDR) from the open market. The demanded amount represents approximately 5.3% of the company's TTM revenue (₹1,127 Cr) and 28.2% of TTM PAT (₹211 Cr). Sunteck stated that the notice lacks merit, disputes the applicability of GST on TDR transactions, and plans to file a reply to contest the demand before the Deputy Commissioner of State Tax, Mazgaon, Mumbai.

Received Form GST DRC-01 demand notice totaling ₹59,43,79,402 including interest and penalty
Demand pertains to procurement of Transferable Development Rights (TDR) for FY 2022-23
Notice received on 24th September 2026 under Section 73 of the GST Act
Company contends notice is incorrect as it duplicates the actual calculation and follows an already concluded comprehensive audit

💡 Track the outcome of the reply filed before the Deputy Commissioner of State Tax and whether any formal demand order is confirmed or stayed in appellate proceedings.

Sunteck Realty AGM: Shareholders Approve ₹1.50/Share Dividend and Enabling Fundraise Resolution

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Sep 2026, 04:14 PM

Sunteck Realty Limited submitted voting results and the Scrutinizer's Report for its 43rd Annual General Meeting held on September 24, 2026. All five resolutions were approved by shareholders with the requisite majority, including the adoption of FY26 financials and a final dividend of ₹1.50 per equity share. Shareholders also approved an enabling special resolution for raising funds via the issuance of securities with 99.85% assent. A total of 54 members attended the meeting via video conferencing.

Declared final dividend of ₹1.50 per equity share for FY26 approved with 100% assent votes (112,595,895 votes)
Enabling special resolution for raising funds via securities approved with 99.85% majority (112,422,452 assent votes)
Re-appointment of director Mr. Ajeet Singh passed with 98.91% approval
54 members participated in the AGM conducted through VC/OAVM on September 24, 2026

💡 Track the payout timeline for the approved ₹1.50 per share dividend and watch for board disclosures regarding specific pricing or quantum if the company initiates capital raising under the enabling resolution.

Sunteck Realty AGM: FY26 Pre-Sales Rise 25% to ₹3,157 Cr, GDV Pipeline Reaches ₹41,030 Cr

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 24 Sep 2026, 08:48 PM

Sunteck Realty released its Chairman's Statement from the 43rd AGM, summarizing FY26 operational performance and medium-term strategy. FY26 pre-sales grew 25% YoY to ₹3,157 crore, collections reached ₹1,433 crore, and net cash flow surplus rose 48% to ₹552 crore. The company invested ₹813 crore in business development (up >4x YoY), expanding its total Gross Development Value (GDV) pipeline to ₹41,030 crore across MMR. Management targets scaling annual commercial lease rentals from ~₹76 crore currently to ~₹450 crore over the next three years, while maintaining a low net debt-to-equity ratio of 0.06x.

FY26 pre-sales grew 25% YoY to ₹3,157 crore, doubling over the past three years
Total Gross Development Value (GDV) reached ₹41,030 crore across MMR, with ₹13,625 crore awaiting launch and ₹20,089 crore in design
Net operating cash flow surplus rose 48% to ₹552 crore, with net debt at ₹266 crore (0.06x net D/E)
Targeting commercial annuity rental income of ~₹450 crore over the next 3 years vs ~₹76 crore currently
Business development deployment surged over 4x to ₹813 crore in FY26

💡 Track quarterly pre-sales execution and launch velocity for the ₹13,625 crore pending approval pipeline, as well as leasing milestones for the 5th Avenue commercial project.

Sunteck Realty Grants 12,500 ESOP Options Under 2017 and 2022 Schemes

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Sep 2026, 07:20 PM

Sunteck Realty's Nomination and Remuneration Committee approved the grant of 12,500 stock options to eligible employees on September 7, 2026. The allocation includes 10,000 options under ESOS 2017 at an exercise price of Rs 225 per share and 2,500 options under ESOS 2022 at Re 1 per share. The options will vest over a period of 1 to 5 years from the grant date. Given the company's Rs 4,261 Cr market cap, the resulting equity dilution is virtually negligible.

Approved grant of 10,000 options under ESOS 2017 at Rs 225 per share effective September 7, 2026
Approved grant of 2,500 options under ESOS 2022 at Re 1 per share effective November 17, 2026
Total shares covered stand at 12,500 equity shares
Vesting schedule is between 1 year and 5 years from the date of grant

💡 This is a routine administrative filing requiring no portfolio adjustment; continue tracking operational pre-sales updates and quarterly revenue execution.

Sunteck Realty Dispatches FY26 Annual Report Links; 43rd AGM Scheduled for September 24, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 01 Sep 2026, 08:32 PM

Sunteck Realty Limited has issued a communication under Regulation 36(1)(b) of SEBI LODR providing web links to the FY2025-26 Annual Report and AGM Notice for shareholders without registered email addresses. The company's 43rd Annual General Meeting is scheduled to be held virtually on Thursday, September 24, 2026, at 4:30 PM IST. The cut-off date applied for dispatching these communications was August 21, 2026. This is a routine administrative compliance filing with no impact on business operations or financials.

43rd Annual General Meeting scheduled for September 24, 2026, at 4:30 PM IST via VC/OAVM
Cut-off date for dispatch of notices to unregistered email folios was August 21, 2026
SEBI KYC updation reminder issued for shareholders holding shares in physical form

💡 Track the 43rd AGM proceedings on September 24, 2026, and review the detailed FY26 Annual Report for management commentary on pre-sales and project delivery timelines.

Sunteck Realty Submits FY2025-26 Business Responsibility & Sustainability Report

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 01 Sep 2026, 07:04 PM

Sunteck Realty has submitted its Business Responsibility and Sustainability Report (BRSR) for FY2025-26 pursuant to SEBI Listing Regulations. The report confirms an annual turnover of ₹1,123.84 Cr and net worth of ₹2,601.02 Cr for the year. Total permanent workforce stood at 582 employees with 27.66% female representation, while employee attrition improved to 28.28% from 38.45% in FY25. The company received reasonable assurance on its sustainability reporting from British Standards Institution (BSI) India.

Annual turnover reported at ₹1,123.84 Cr and Net Worth at ₹2,601.02 Cr for FY2025-26
Permanent workforce stood at 582 employees with female representation at 27.66% (161 female employees)
Employee turnover rate improved to 28.28% in FY26 from 38.45% in FY25
Direct sourcing from MSMEs/small Indian producers accounted for 31.37% of total purchases by value

💡 This is a routine annual ESG filing; investors should monitor quarterly pre-sales figures, collections, and execution updates across MMR projects for operational signals.

Sunteck Realty Proposes ₹2,250 Cr Fundraise at AGM; Recommends ₹1.50/Share Dividend

🟡 NEUTRAL ⭐ 5/10

FUNDRAISE 📅 01 Sep 2026, 06:47 PM

Sunteck Realty Limited has issued the notice for its 43rd Annual General Meeting (AGM) scheduled for September 24, 2026. The company is seeking shareholder approval for an enabling resolution to raise funds up to ₹2,250 crore, comprising up to ₹1,500 crore via Non-Convertible Debentures (NCDs) and up to ₹750 crore through equity/convertible securities or QIP. Additionally, the Board has recommended a final dividend of ₹1.50 per equity share for FY26.

AGM scheduled for September 24, 2026, via Video Conferencing.
Enabling resolution to raise aggregate funds up to ₹2,250 crore.
Fundraise split: up to ₹1,500 crore via NCDs and up to ₹750 crore via equity/convertibles (QIP/preferential/rights).
Final dividend of ₹1.50 per equity share proposed for FY25-26.

💡 Track shareholder voting results following the AGM on September 24, 2026, and watch for any board approvals initiating actual issuance tranches or terms.

Sunteck Realty Sets Sept 17, 2026 as Record Date for FY26 Dividend; AGM on Sept 24

🟡 NEUTRAL ⭐ 3/10

DIVIDEND 📅 28 Aug 2026, 05:43 PM

Sunteck Realty Limited has fixed Thursday, September 17, 2026, as the record date for determining shareholder entitlement to the dividend for FY26, subject to approval at the upcoming AGM. The 43rd Annual General Meeting is scheduled to be held on Thursday, September 24, 2026, at 4:30 p.m. via Video Conferencing. September 17, 2026, will also serve as the cut-off date for determining e-voting entitlement for the AGM.

Record date for FY26 dividend eligibility set for September 17, 2026
43rd Annual General Meeting to take place on September 24, 2026 at 4:30 p.m. via VC/OAVM
Cut-off date for AGM voting entitlement fixed as September 17, 2026

💡 Track the ex-dividend date ahead of the September 17, 2026 record date to ensure dividend eligibility upon shareholder approval at the AGM.

Sunteck Realty Schedules 43rd AGM on Sep 24, 2026; Sets Dividend Record Date as Sep 17

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 28 Aug 2026, 05:40 PM

Sunteck Realty Limited has announced that its 43rd Annual General Meeting (AGM) for FY26 will be held on Thursday, September 24, 2026, via Video Conferencing. The company has fixed Thursday, September 17, 2026, as the record date for determining shareholder entitlement to the FY26 dividend, subject to shareholder approval at the AGM. Additionally, September 17, 2026, has been set as the cut-off date for e-voting eligibility.

43rd Annual General Meeting scheduled for Thursday, September 24, 2026, at 4:30 p.m. IST
Record date for FY26 dividend entitlement fixed as Thursday, September 17, 2026
Cut-off date for AGM voting entitlement set as Thursday, September 17, 2026

💡 Investors seeking dividend payout eligibility must hold shares as of the record date on September 17, 2026. Watch for AGM proceedings and voting outcomes on September 24, 2026.

View All SUNTECK Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated operating revenue for H1 FY26 stood at INR 441 Cr, a decrease of 9% compared to INR 485 Cr in H1 FY25, primarily due to the timing of revenue recognition. However, pre-sales (a lead indicator) grew 32% YoY to INR 1,400 Cr in H1 FY26. The commercial segment is scaling with rental income growing 100% from INR 35 Cr in FY24 to INR 70 Cr in FY25, with a target of INR 320 Cr by FY29.

Geographic Revenue Split

The portfolio is heavily concentrated in the Mumbai Metropolitan Region (MMR), which accounts for nearly 100% of active development. Key micro-markets include BKC, Goregaon (ODC), Naigaon, Vasai, and new additions in Andheri and Mira Road. Limited exposure exists in Tier-II cities like Jaipur, Nagpur, and Goa.

Profitability Margins

Net Profit Margin improved significantly to 18% in FY25 from 13% in FY24. For H1 FY26, the PAT margin stood at 19% compared to 12% in H1 FY25, driven by a shift toward high-margin Uber Luxury projects and efficient cost management.

EBITDA Margin

EBITDA margin for H1 FY26 was 28%, a substantial increase of 1,433 bps from 14% in H1 FY25. This was driven by higher sales realizations in the luxury segment and better operational efficiencies. EBITDA grew 83% YoY to INR 126 Cr in H1 FY26.

Capital Expenditure

The company invested INR 430 Cr in business development during H1 FY26, a 139% increase over the INR 180 Cr invested in the entirety of FY25. This aggressive capital deployment is aimed at expanding the GDV, which reached INR 39,370 Cr in FY25.

Credit Rating & Borrowing

Maintains a strong credit profile with a 'AA' Long-Term rating from India Ratings (Fitch). The company operates with a low-leverage strategy, maintaining a Net Debt to Equity ratio of 0.04x as of H1 FY26.

⚙️ Operational Drivers

Raw Materials

Key construction inputs include steel, cement, and labor. While specific percentage breakdowns per material are not disclosed, management highlighted that rising construction costs are a primary challenge to margin maintenance.

Import Sources

Sourced primarily from domestic markets within India, specifically Maharashtra, to support projects located in the Mumbai Metropolitan Region.

Key Suppliers

Not specifically named in the documents, but construction is predominantly managed in-house to exercise rigorous oversight and maintain quality standards.

Capacity Expansion

Current development portfolio covers approximately 50 million sq. ft. with a Gross Development Value (GDV) of INR 39,370 Cr. The company added two new projects in H1 FY26 (Andheri and Mira Road) with a combined GDV of INR 2,300 Cr.

Raw Material Costs

Construction costs are managed through an in-house execution model. Management noted that while headline inflation in materials exists, they aim to surpass previous margins through value-accretive project additions and higher sales realizations.

Manufacturing Efficiency

Inventory turnover ratio improved to 0.07x in FY25 from 0.04x in FY24, reflecting faster sales velocity and better project execution cycles.

Logistics & Distribution

Not applicable as a percentage of revenue; however, project locations are strategically chosen near infrastructure hubs (e.g., Western Express Highway) to enhance 'liveability' and sales appeal.

📈 Strategic Growth

Expected Growth Rate

32%

Growth Strategy

Growth will be achieved through a three-pronged strategy: 1) Expanding the Uber Luxury and Premium segments in MMR; 2) Increasing annuity income from commercial assets like Sunteck BKC51 and Sunteck Icon (targeting INR 320 Cr rental income by FY29); and 3) Utilizing an asset-light JDA model, as seen in the recent INR 2,300 Cr GDV additions in Andheri and Mira Road.

Products & Services

Uber Luxury residential apartments, premium luxury housing, aspirational luxury units, and commercial office spaces for lease.

Brand Portfolio

Sunteck, Signature Island, Signia Isles, Signia Pearl, Sunteck City, Sunteck World, Sunteck Beach Residences.

New Products/Services

Expansion into the commercial portfolio with assets like Sunteck BKC51 and Sunteck Icon, which are 100% leased for 29 years, providing stable annuity income.

Market Expansion

Focusing on the Western Suburbs of Mumbai with new projects in Andheri and Mira Road. The company has expanded from 3 locations in FY22 to 10 locations in FY25.

Market Share & Ranking

Amongst the largest players in the MMR market with a total GDV of ~INR 39,100 Cr.

Strategic Alliances

Key partnerships include Kotak Real Estate Fund, Ajay Piramal Group, and a recent INR 750 Cr partnership with IFC (World Bank Group) for green housing.

🌍 External Factors

Industry Trends

The industry is seeing a shift toward branded developers and luxury segments. Sunteck is positioned to capitalize on this by shifting its portfolio toward 'Uber Luxury' and 'Premium' categories which currently drive its 32% pre-sales growth.

Competitive Landscape

Operates in the highly competitive MMR market against other large branded developers; differentiates through in-house construction and strategic partnerships with global entities like IFC.

Competitive Moat

Moat is built on a strong brand presence in the ultra-luxury BKC market and a low-debt balance sheet (0.04x Net D/E), which allows for aggressive land acquisition during market downturns when competitors are over-leveraged.

Macro Economic Sensitivity

Highly sensitive to RBI interest rate cycles; recent rate cuts have sustained end-user momentum. Real estate demand is also tied to GDP growth and infrastructure development in MMR.

Consumer Behavior

Shift toward 'liveability' and infrastructure-linked projects, leading the company to focus on projects near the Western Express Highway and upcoming metro lines.

Geopolitical Risks

Disputes in international JVs, such as the arbitration with GGICO in Dubai before the London Court of International Arbitration (LCIA), pose risks to the recoverability of foreign investments.

⚖️ Regulatory & Governance

Industry Regulations

Subject to RERA (Real Estate Regulatory Authority) guidelines and local municipal corporation building norms. Compliance with SEBI Insider Trading Regulations is also maintained through a structured digital database.

Environmental Compliance

Actively pursuing green certifications; 4 residential and 3 commercial projects have received preliminary certificates from Green Business Certifications Inc.

Taxation Policy Impact

Effective tax rate is approximately 18-25% based on PBT of INR 181.6 Cr and Tax of INR 33.1 Cr in FY25.

Legal Contingencies

Pending arbitration before the London Court of International Arbitration (LCIA) between subsidiary Sunteck Lifestyle Limited and JV partner GGICO regarding a Dubai project. The investment in the subsidiary is valued at INR 340.9 Cr, with some net-worth erosion noted due to project delays.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the resolution of the Dubai JV dispute and the potential for further impairment of the INR 340.9 Cr investment if arbitration is unfavorable.