The Board of Directors of narendra properties approved the formation of two new Limited Liability Partnerships (LLPs) on August 5, 2026, authorizing total capital commitments of ₹7,50,00,000. The company will invest up to ₹3,75,00,000 each into partnerships with Solidus Developers LLP and Sugal Earthen Spaces Developers LLP, acquiring a 35% equity stake in both entities. This expansion strategy signals active deployment of capital into new real estate development ventures through collaborative structures, allowing for shared governance and risk distribution.

The approvals were granted during a meeting of the Board of Directors held at short notice on August 5, 2026. The meeting commenced at 12:30 hours and concluded at 13:00 hours at the company’s registered office in Chennai. Chirag N Maher, Managing Director, signed the disclosure letter submitted to the Bombay Stock Exchange Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transactions are not classified as related party transactions.

Investment Details

The Board authorized specific investment limits for each partnership entity. The financial exposure is capped at ₹3,75,00,000 per agreement, resulting in a 35% capital contribution for Narendra Properties in each LLP.

Both agreements involve entering into formal LLP structures rather than direct equity acquisitions or project-specific contracts. The LLPs are engaged in the business of real estate and property development. Mr. Chirag N Maher will represent the company as a partner in both LLPs.

Strategic Context

The decision to pursue LLP structures for these developments indicates a preference for joint venture models over wholly-owned projects. By capping the investment at ₹3,75,00,000 for each partner and holding a minority 35% stake, the company maintains defined risk parameters while expanding its development pipeline. The simultaneous approval of both partnerships suggests a coordinated effort to scale operations across multiple fronts.

What the Numbers Show

The total committed capital of ₹7,50,00,000 represents a significant allocation of resources for new ventures. Splitting the investment equally between two partners demonstrates a balanced approach to diversification. The use of LLPs provides flexibility in profit sharing and liability management compared to traditional corporate subsidiaries. Investors should monitor subsequent filings for details on the specific real estate projects associated with these partnerships.

Narendra Properties Limited has launched the 'Second 100 Days Campaign – Saksham Niveshak', a shareholder outreach initiative aimed at addressing unclaimed and unpaid dividends. The campaign was initiated in pursuance of an email dated March 27, 2026, issued by the Ministry of Corporate Affairs (MCA), and is aligned with the directives of the Investor Education and Protection Fund Authority (IEPFA), Government of India.

Campaign Overview

The campaign targets shareholders whose dividends have remained unpaid or unclaimed, encouraging them to take proactive steps to claim their dues and update essential records. The initiative is designed to prevent shareholder assets from being transferred to the IEPF.

Who Should Participate

The company has urged the following categories of shareholders to act during the campaign period:

• Shareholders who have not claimed their dividend
• Shareholders who have not updated their KYC and nomination details
• Shareholders facing issues related to unpaid or unclaimed dividends
• Shareholders who need to register or update bank mandates and contact information

How to Reach the Registrar and Transfer Agent

Shareholders are requested to write to or contact the company's Registrar and Transfer Agent (RTA), Cameo Corporate Services Limited, through the following channels:

Regulatory Disclosure

The company published advertisements regarding the campaign in Trinity Mirror, an English language newspaper, and Makkal Kural, a Tamil language newspaper, on May 7, 2026. The disclosure was made to the Bombay Stock Exchange Limited under Regulation 30 and all other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The advertisement is also available on the company's website at www.narendraproperties.com .

The notice was signed by Chirag N Maher, Managing Director (DIN: 00078373), and the campaign notice was issued by Rishabh Haran, Company Secretary, from Chennai, dated May 6, 2026. The company's registered office is located at Makanji House, 2nd Floor, No. 49 (Old 25), Barnaby Road, Kilpauk, Chennai – 600 010 (CIN: L70101TN1995PLC031532).