B Right Realestate Limited has announced the incorporation of a wholly owned subsidiary, Brightsky Luxespace Private Limited, on 16th March, 2026. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Subsidiary Details and Capital Structure

Brightsky Luxespace Private Limited has been incorporated with CIN U68100MH2026PTC469450 and registered office in Mumbai. The subsidiary's capital structure reflects a focused approach to real estate development:

Business Objectives and Industry Focus

The newly incorporated subsidiary will operate in the real estate and developers industry, with primary objectives centered on development of real estate projects. As a newly incorporated entity, Brightsky Luxespace is yet to commence business operations and currently has no turnover or operational history.

Transaction Structure and Regulatory Compliance

The acquisition involved 100% subscription to equity share capital through cash consideration of Rs. 1.00 lakh. The company clarified that this initial subscription does not fall within the purview of Related Party Transactions, and promoters or promoter group companies have no additional interest in this transaction beyond the standard subsidiary relationship.

Regulatory Approvals and Timeline

The incorporation required no additional governmental or regulatory approvals beyond standard company registration procedures. The subsidiary received its Certificate of Incorporation on 16th March, 2026, from the Registrar of Companies, completing the establishment process.

The disclosure was signed by Bhagyashree Mehadia, Company Secretary & Compliance Officer, ensuring compliance with SEBI listing regulations and maintaining transparency with stakeholders regarding this corporate restructuring initiative.

B-Right Realestate Limited has announced the successful completion of its Board of Directors meeting held on March 10, 2026, where significant decisions regarding the company's fixed deposit operations were approved. The meeting was conducted at the company's registered office and addressed key regulatory compliance matters under SEBI (LODR) Regulations, 2015.

Board Meeting Details and Outcomes

The Board meeting commenced at 02:00 P.M. and concluded at 03:00 P.M. on March 10, 2026, following the prior intimation provided to the exchange on March 02, 2026. The directors deliberated on crucial matters related to the company's deposit acceptance framework.

Fixed Deposits Circular Approval

The primary agenda item focused on the approval of contents for circulation or circular in the form of advertisement, designated as "DPT-1," for inviting fixed deposits from the public. This decision aligns with the provisions outlined in the Companies Act, 2013, and other applicable regulatory requirements.

The Board's approval encompasses compliance with the Companies (Acceptance of Deposits) Rules, 2014, ensuring that all regulatory standards are met before launching the fixed deposit scheme. This strategic move indicates the company's intention to diversify its funding sources through retail investor participation.

Regulatory Compliance Framework

The approved circular will serve as the official communication tool for attracting fixed deposit investments from individual and institutional investors. The decision reflects B-Right Realestate Limited's commitment to maintaining transparency and adhering to regulatory guidelines while expanding its capital base.

Corporate Governance and Documentation

The meeting outcome was formally documented and communicated to BSE Limited under the company's scrip code 543543. CS Bhagyashree Mehadia, serving as Company Secretary & Compliance Officer (ACS: 77087), digitally signed the official communication on March 10, 2026, at 15:13:31 +05'30', ensuring proper authentication and regulatory compliance.

This development represents a significant step in B-Right Realestate Limited's capital mobilization strategy, providing the company with additional avenues to fund its real estate operations and growth initiatives through public deposits.