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.

Emerald Leisures Limited has filed its quarterly compliance certificate with BSE Limited, confirming adherence to SEBI Depositories Regulations for the quarter ended March 31, 2026. The certificate, submitted on April 6, 2026, by Company Secretary Kapil M Purohit, demonstrates the company's commitment to regulatory compliance.

Quarterly Dematerialisation Summary

The company's registrar, Purva Sharegistry (India) Pvt. Ltd., processed a total of 11 dematerialisation transactions during the quarter, covering 4,180 shares. These transactions were spread across January through March 2026, with all activities completed within the prescribed regulatory timelines.

Monthly Transaction Breakdown

The dematerialisation activities showed consistent processing throughout the quarter. January 2026 recorded 6 transactions totaling 310 shares, while February saw 1 transaction of 30 shares. March concluded the quarter with 4 transactions, including the largest single dematerialisation of 3,710 shares by Pradipkumar Babulal Shah.

Notable Transactions

• Largest Transaction: Pradipkumar Babulal Shah dematerialised 3,710 shares on March 27, 2026
• Certificate Range: Transactions covered certificate numbers from 0100401 to 0103794
• Share Range: Individual transactions varied from 10 to 3,710 shares

Regulatory Compliance Confirmation

Purva Sharegistry confirmed that all security certificates received for dematerialisation were properly verified, mutilated, and cancelled as per regulatory requirements. The registrar also confirmed that depositories' names were substituted in the register of members within prescribed timelines, ensuring complete compliance with SEBI Depositories and Participants Regulations, 2018.

The submission reflects Emerald Leisures Limited's systematic approach to maintaining transparency and regulatory compliance in its share transfer and dematerialisation processes.