B-Right RealEstate has expanded its development pipeline through its step-down subsidiary, B-Right Bombay Highlines Developers Private Limited, which signed a Memorandum of Understanding (MoU) for a significant Slum Rehabilitation Authority (SRA) project. The agreement covers the Bhagat Singh Nagar project situated at Village Pahadi, Taluka Borivali, bearing CS No. 1A/58 and CTS No. 1(A)(Part).

The project represents a substantial addition to the company’s potential revenue stream, with an expected Gross Development Value (GDV) of Rs 1600 Crores. The land area involved is 10,008 Sq. Mtr, which is projected to yield a total sales area of approximately 5 Lakh Sq. Ft.

Project Details

The key parameters of the SRA project are as follows:

Regulatory Disclosure

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information was submitted to the Department of Corporate Services at BSE Limited on August 13, 2026.

What the Numbers Show

The conversion of 10,008 Sq. Mtr of land into 5 Lakh Sq. Ft of sales area indicates a high floor area ratio (FAR) utilization typical of Mumbai’s western suburbs. With a GDV of Rs 1600 Crores, the implied average selling price per square foot would be approximately Rs 32,000, assuming full realization of the stated sales area and GDV. This positions the project within the premium segment of the SRA market in Borivali.

B-Right RealEstate Limited has notified the BSE Limited of a book closure period for its 19th Annual General Meeting (AGM). The Register of Members and Share Transfer Books will remain closed from Friday, August 7, 2026 to Thursday, August 13, 2026, both days inclusive. Shareholders must be registered as members during this window to exercise voting rights at the upcoming meeting.

The intimation was issued in compliance with Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the closure adheres to Section 91 of the Companies Act, 2013, which governs the maintenance of the register of members and share transfer books.

The 19th AGM is scheduled to take place on Friday, August 14, 2026. The book closure ensures that only shareholders holding units as of the closing date are entitled to participate in the general meeting proceedings.

Key Dates for Shareholders

The notice was signed by CS Bhagyashree Mehadia, Company Secretary & Compliance Officer of B-Right RealEstate Limited, on July 23, 2026. The communication was directed to the Listing Department of BSE Limited, located at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai.

Investors looking to participate in the AGM should ensure their holdings are reflected in the company's records prior to the start of the closure period. Any share transfers initiated after the closure begins will not be processed until the books reopen, potentially affecting voting eligibility for this specific meeting.