Citadel Realty & Developers has scheduled its 66th Annual General Meeting for September 18, 2026. The meeting will be conducted through video conferencing and other audio-visual means.

The company issued the notice on August 27, 2026, in compliance with Regulation 34(10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders will receive the Integrated Annual Report for FY26 electronically if email addresses are registered with the company or depository participants.

Key Dates for Shareholders

The company has defined specific timelines for record keeping, voting, and book closure to facilitate the AGM process.

Shareholders whose email addresses are not registered will receive a letter containing a web link to access the documents, as per Regulation 36(1)(b) of the SEBI LODR Regulations.

Accessing Documents

The Annual Report for FY26 and the AGM notice are available on the company’s website at citadelrealty.in. They are also accessible via the National Securities Depository Limited website at www.evoting.nsdl.com . Physical copies of the report will be provided only upon request.

Citadel Realty & Developers board approved a material related party transaction involving the transfer of land to Shree S S Infra Developers Private Limited. The move aims to improve cash flow and enhance shareholder value.

The Board of Directors held its meeting on August 25, 2026, to consider the proposal. The transaction involves the transfer of a freehold land parcel admeasuring 1880.80 Sq.mt situated in Bhandup. The company stated that the material terms will be mutually decided through a definitive agreement.

Transaction Details

The disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III, outlines the key parameters of the deal. The transaction is classified as a one-time event with no tenure specified.

What the Numbers Show

The transaction represents a significant portion of Citadel Realty's business scale, accounting for 30% of its annual consolidated turnover from the immediately preceding financial year. In contrast, the deal constitutes only 0.03% of the counter-party's annual consolidated turnover. This divergence highlights the relative size of the asset to each entity, suggesting the land holds substantial strategic or balance sheet weight for the listed developer compared to the infra firm.

Regulatory and Governance Steps

The company confirmed that no shareholding interest, direct or indirect, exists between the listed entity and the related party. The justification provided states the transfer is undertaken in the ordinary course of business on an arm's length basis at prevailing market prices.

The approval is subject to shareholder consent. Consequently, the Board also approved a revised Notice of Annual General Meeting to include this new agenda item. The meeting commenced at 6:00 pm and concluded at 6:30 pm.