Justo Realfintech Secures New Sales Mandates Aggregating Over ₹1,100 Crore Across Mumbai and Pune Projects

1 min read     Updated on 04 May 2026, 11:46 AM
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Anirudha BScanX News Team
AI Summary

Justo Realfintech Limited secured new sales mandates aggregating over ₹1,100 crore across residential and commercial projects in Mumbai and Pune, as announced by Chairman and Managing Director Puspamitra Das. The development brings cumulative mandates since listing to approximately ₹4,647 crore and the aggregate executable portfolio to approximately ₹6,272 crore, reflecting approximately 50% growth since listing. The mandates involve seven developers and cover approximately 900 units spanning over 7.7 lakh square feet, with mandate values representing gross development value rather than assured company revenue.

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Justo Realfintech Limited has secured new sales mandates aggregating to over ₹1,100 crore across residential and commercial projects located in Mumbai and Pune, as disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was signed by Puspamitra Das, Chairman and Managing Director of the Company.

Mandate Portfolio at a Glance

The latest additions have meaningfully expanded the Company's mandate portfolio. The following table summarises the key portfolio metrics disclosed:

Metric: Details
New Mandates Secured: Over ₹1,100 crore
Cumulative Mandates Since Listing: Approximately ₹4,647 crore
Aggregate Mandates Under Execution: Approximately ₹6,272 crore
Total Units (New Mandates): Approximately 900 units
Saleable Area (New Mandates): Over 7.7 lakh square feet
Growth in Executable Portfolio (Since Listing): Approximately 50%

In the nine months since listing, the Company's executable mandate portfolio has increased by approximately 50%, reflecting the scale of new business activity during this period.

Developers and Projects Involved

The newly secured mandates are associated with projects being developed by a range of developers across Mumbai and Pune. The projects collectively span both residential and commercial segments. The developers involved include:

  • Malpani Estates
  • Sneha Constructions
  • Mohid Constructions Co
  • BB Square
  • South Field Realty
  • Kakkad-Shah Promoters LLP
  • Ravi Developments

These mandates are in line with the Company's business model of undertaking sales and marketing responsibilities for real estate projects on a mandate basis.

Disclosure Note on Mandate Valuation

The Company has clarified that the value of mandates stated above represents the gross development value (GDV) of the respective projects. This figure does not represent revenue or assured income of the Company, and readers should interpret the mandate values accordingly.

Given that mandate values represent GDV rather than actual revenue, what is Justo Realfintech's typical commission or fee structure, and how much actual revenue could these ₹1,100 crore mandates realistically generate?

With the executable mandate portfolio growing 50% in nine months since listing, can Justo Realfintech scale its sales and marketing operations proportionally to avoid execution bottlenecks across the 900 new units?

How might a potential slowdown in Mumbai and Pune's residential real estate market impact the conversion rates and timelines for executing the cumulative ₹6,272 crore mandate portfolio?

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Justo Realfintech Limited Confirms Non-Large Corporate Status Under SEBI Framework

1 min read     Updated on 14 Apr 2026, 07:47 PM
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Reviewed by
Radhika SScanX News Team
AI Summary

Justo Realfintech Limited has formally declared to BSE Limited that it does not meet the criteria for Large Corporate classification under SEBI regulations as on March 31, 2026. The company reported outstanding borrowings of Rs 14.85 crore with no applicable credit rating during the previous financial year, with the disclosure being digitally signed by senior management on April 14, 2026.

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Justo Realfintech Limited has formally notified BSE Limited that it does not qualify as a Large Corporate under the Securities and Exchange Board of India (SEBI) regulatory framework as on March 31, 2026. The confirmation was made in compliance with SEBI circulars governing fund raising by large entities through debt securities.

Regulatory Compliance Declaration

The company submitted its disclosure on April 14, 2026, referencing specific SEBI circulars that establish the framework for Large Corporate classification. The declaration confirms compliance with SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, and SEBI/HO/DDHS/HS-RACPOD1/P/CIR/2023/172 dated October 19, 2023.

Financial Position Disclosure

As part of the regulatory filing, Justo Realfintech Limited provided key financial details in a structured format to BSE:

Particulars: Details
Company Name: Justo Realfintech Limited
CIN: L67190MH2019PLC323318
Outstanding Borrowing (March 31, 2026): Rs 14.85 crore
Highest Credit Rating (Previous FY): NA
Credit Rating Agency: NA
Stock Exchange for Fine Payment: NA

The company reported outstanding borrowings of Rs 14.85 crore as on March 31, 2026, and indicated that no credit rating was applicable during the previous financial year.

Corporate Authorization

The disclosure was duly authorized by the company's senior management. Puspamitra Das, Chairman and Managing Director (DIN: 01643973), and Dinesh Dolar, Chief Financial Officer (PAN: AKIPD7629N), digitally signed the documents on April 14, 2026. The signatures were timestamped at 18:32:29 +05'30' and 18:33:02 +05'30' respectively.

Company Background

Justo Realfintech Limited operates from its registered office at 2nd Floor, A Wing, Indiana Business Centre, Makwana Road, Gamdevi, Marol, Andheri (East), Mumbai, Maharashtra. The company maintains its corporate website at www.justo.co.in and can be reached at info@justo.co.in .

What growth trajectory would Justo Realfintech need to achieve to qualify as a Large Corporate under SEBI regulations in future years?

How might the company's debt financing options and costs be affected by not having a credit rating from recognized agencies?

Will Justo Realfintech consider pursuing credit ratings to improve its access to debt capital markets given its current borrowing levels?

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