Oberoi realty Limited has announced the retirement of Mr. Selvaraj Ramasamy, Executive Vice President - Construction, effective April 2, 2026. The company disclosed this senior management change under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Executive Departure Details

Mr. Ramasamy was relieved from his duties at the closure of business hours on April 2, 2026, following the company's retirement policy. As Executive Vice President - Construction, he held a senior management position within the organization's construction operations.

Regulatory Compliance

The retirement disclosure was made in compliance with SEBI master circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company formally notified both stock exchanges about this management change:

• BSE Limited: Scrip codes - Equity (533273), Debt (976126, 976127, 976128)
• National Stock Exchange: Scrip symbol - OBEROIRLTY

Corporate Communication

Company Secretary Bhaskar Kshirsagar signed the official communication to the exchanges, ensuring compliance with regulatory requirements for disclosing changes in senior management personnel. The notification included detailed annexures as required by SEBI regulations for such disclosures.

Oberoi Realty has officially entered into a development agreement for redevelopment of land admeasuring 1,740 square meters in Mumbai, according to a regulatory filing made under Regulation 30 of SEBI regulations. The disclosure, submitted to BSE Limited and National Stock Exchange of India Limited, confirms the company's strategic expansion in Mumbai's premium real estate segment with a comprehensive redevelopment project.

Project Specifications and Location Details

The development agreement covers land admeasuring approximately 1,740 square meters situated at the prestigious Malabar Hill location in Mumbai. The project will be developed under the cluster development scheme along with other adjoining societies, maximizing the development potential of the area.

Development Entitlements and Regulatory Framework

Under the development agreement, Oberoi Realty's entitlement of free sale component from the land is estimated to be up to approximately 51,000 square feet in RERA Carpet area. This entitlement is subject to the provisions of Development Control & Promotion Regulations for Greater Mumbai, 2034 and applicable law, ensuring compliance with current regulatory standards.

Strategic Market Position

The Malabar Hill redevelopment project represents Oberoi Realty's continued focus on premium locations within Mumbai's real estate landscape. The cluster development approach allows for optimized land utilization while maintaining the area's prestigious character. The company has completed all necessary documentation and regulatory filings, with the agreement formally signed and disclosed to stock exchanges as per SEBI requirements.

The development agreement strengthens Oberoi Realty's portfolio in Mumbai's high-value real estate segment, with the project positioned to benefit from Malabar Hill's established reputation as one of the city's most sought-after residential locations.