Emerald Leisures Limited has submitted a comprehensive regulatory disclosure to BSE Limited confirming that it does not meet the criteria for classification as a 'Large Corporate' entity under SEBI regulations for the financial year 2025-2026. The formal communication, addressed to the Department of Corporate Services at BSE Limited, was signed by Company Secretary Kapil M Purohit and submitted on April 13, 2026.

Regulatory Compliance Framework

The company has formally confirmed its non-applicability under the Large Corporate criteria as specified in SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This circular addresses fund raising by issuance of debt securities by large entities and establishes the framework for identifying and regulating such corporations.

Corporate Information and Disclosure

Emerald Leisures Limited operates under CIN L74900MH1948PLC006791 with its registered office located at Plot No. 366/15, Swastik Park, Near Mangal Anand/Sushrut Hospital, off E. Express Highway, Chembur, Mumbai, 400071. The company operates the Club Emerald Sports Complex under the brand "Club e Emerald" with the tagline "Where Dreams Come Alive."

Communication Details and Contact Information

The company maintains comprehensive contact channels including telephone (+91 22 2527 7504), mobile (+91 91678 88900), email ( info@clubemerald.in ), and website ( www.clubemerald.in ). The formal disclosure was specifically addressed to BSE Limited's Department of Corporate Services at Ground Floor, P.J. Towers, Dalal Street Fort, Mumbai-400001.

Exemption from Disclosure Requirements

Due to its non-Large Corporate status, Emerald Leisures Limited is exempt from several regulatory disclosure requirements under the SEBI circular. The company has specifically confirmed that it does not fall under the category of Large Corporates as on March 31, 2026, in terms of criteria prescribed in the SEBI Circular dated November 26, 2018. This exemption relates to initial disclosure requirements for entities identified as Large Corporates regarding fund raising by issuance of debt securities.

Corporate Governance and Compliance

The disclosure was executed by Kapil M Purohit, Company Secretary with membership number 65336, who digitally signed the document on April 13, 2026, at 11:13:12 +05'30'. This formal communication demonstrates the company's commitment to transparent regulatory compliance and adherence to SEBI's requirements for corporate classification and associated reporting obligations.

Emerald Leisures Limited has received a Letter of Intent (LOI) for a significant SRA redevelopment project at Swastik Park in Chembur, Mumbai. The company disclosed this development under Regulation 30 of SEBI (LODR) Regulations, 2015, marking a strategic milestone in its real estate diversification.

Project Specifications

The SRA redevelopment project details are outlined below:

Strategic Business Expansion

Emerald Leisures Limited, primarily engaged in sports, club and hospitality services through Club Emerald Sports Complex, has been taking concrete steps to diversify into real estate business. The company aims to ensure that 50% of its future growth stems from real estate projects in coming years.

Mr. Jaydeep Vinod Mehta, Director of Emerald Leisures Ltd., commented on this development: "We are pleased to receive this Letter of Intent (LOI) and with this we achieve a strategic milestone that marks as a stepping stone for the Company in the real estate sector. By combining The Group's legacy of trust and execution led excellence we are not just constructing buildings but offering sustainable lifestyle residences with premium amenities."

Revenue Potential and Market Position

The project's estimated Gross Development Value (GDV) of INR 600 crores represents substantial revenue potential for the company. The upcoming residential project is strategically located in Chembur, offering excellent connectivity and will feature Vastu compliant residential units.

The LOI dated April 10, 2026, provides in-principle approval for the scheme development under regulation 33(10) of DCPR 2034. This formal authorization enables Emerald Leisures to proceed with project planning and execution phases for the SRA redevelopment initiative.