Ajmera Realty & Infra India’s board approved raising up to ₹500 crore through Non-Convertible Debentures (NCDs) via private placement on September 10, 2026. The developer’s market capitalization is currently ₹2,300 crore.

Board approval details

The approval was granted during the board meeting held on September 10, 2026. This follows the initial intimation issued by the company on September 4, 2026, under Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The final outcome was disclosed pursuant to Regulation 30 of the same regulations.

Key details

The instruments may be secured or unsecured, listed or unlisted, redeemable or rated, and issued in one or more tranches. The proposal is subject to the approval of the company’s members. No further details regarding the coupon rate, tenor, or credit rating have been disclosed at this stage. Additional information is expected to emerge following further disclosures.

Ajmera Realty & Infra India Ltd has acquired a 51% stake in Ajmera MD Realty LLP, making the entity a step-down subsidiary. The acquisition was completed on September 1, 2026, via its wholly owned subsidiary, Shree Yogi Realcon Private Limited (SYRPL).

The transaction involved a cash consideration of ₹51,000. This amount represents SYRPL’s share of the total capital contribution to the limited liability partnership. By securing a majority interest, Ajmera Realty aims to create a platform for future business expansion within the real estate sector, aligning with its long-term growth strategy.

Transaction Details

The acquisition falls under the category of a related-party transaction, as members of the promoter group serve as designated partners or partners in the LLP. The company disclosed that the deal was executed at arm's length. No governmental or regulatory approvals were required for this acquisition.

Financial Profile of Target

Ajmera MD Realty LLP is engaged in real estate business and was incorporated on October 7, 2016. The entity reported nil turnover as on March 31, 2026, and has recorded nil turnover for the preceding three years. The total contribution capital of the LLP stands at ₹1,00,000.

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, read with relevant SEBI Master Circulars dated November 11, 2024, and January 30, 2026.