Oberoi Realty Limited has successfully completed the implementation of the Resolution Plan for Hotel Horizon Private Limited (HHPL) on May 7, 2026, marking a significant corporate development under the Insolvency and Bankruptcy Code, 2016. The completion follows a series of regulatory and judicial milestones that culminated in the full payment of the Resolution Money by the consortium on the designated Transfer Date.

Acquisition Details and Investment Structure

Oberoi Realty now holds a 49.999% shareholding in HHPL following the completion of the resolution process. The company's total investment in HHPL amounts to Rs. 460 Crore, structured as outlined below:

The equity component comprises Rs. 49,999 equity shares of Rs. 100 each at par value, aggregating to Rs. 49,99,900/-, with the remaining portion of the Rs. 460 Crore investment structured as an unsecured loan to HHPL.

Consortium and Resolution Plan Background

The Resolution Plan was submitted by a consortium comprising Oberoi Realty Limited, Shree Naman Developers Private Limited, and JM Financial Properties and Holdings Limited. The Hon'ble National Company Law Tribunal (NCLT), Mumbai, had approved this Resolution Plan in the Corporate Insolvency Resolution Process (CIRP) of HHPL, as communicated by the company in its earlier letter dated January 29, 2026.

Subsequently, through an order dated March 16, 2026, the Hon'ble NCLT, Mumbai granted the Consortium an extension up to May 7, 2026 for payment of the Resolution Money. The total Resolution Money payable by the Consortium amounted to Rs. 919.25 Crore, which includes the equity subscription of Rs. 1 Crore for the 100% ownership of HHPL, along with any additional amounts payable as per the terms of the Resolution Plan.

Management and Governance Transition

Effective May 7, 2026, the Monitoring Committee that had been supervising the implementation of the Resolution Plan and overseeing the business and operations of HHPL ceased to exist. The Board of Directors of HHPL has been reconstituted to comprise individuals identified by the Consortium members, including Oberoi Realty Limited. Management and control of HHPL has accordingly vested in the Consortium as per the terms of the Resolution Plan.

This disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations and was communicated to both BSE Limited and the National Stock Exchange of India Limited on May 7, 2026, signed by Bhaskar Kshirsagar, Company Secretary of Oberoi Realty Limited.

Oberoi realty Limited has formally notified stock exchanges about its upcoming Board of Directors meeting scheduled for May 8, 2026. The company filed the intimation on May 1, 2026, in compliance with Regulations 29 and 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Agenda Items

The board meeting will address three primary matters of significant importance to shareholders and stakeholders:

Fund Raising Considerations

The board will deliberate on enabling resolutions for fund raising through multiple financial instruments. The proposed fund raising options include:

• Debt Instruments: Non-convertible debentures and other securities
• Equity Instruments: Equity shares and securities convertible into equity
• Regulatory Compliance: Subject to shareholders approval wherever required

These fund raising initiatives will require appropriate shareholder approvals as mandated by regulatory requirements.

Regulatory Compliance

The intimation was communicated to both major stock exchanges where Oberoi Realty shares are listed. The company maintains active listings on BSE Limited with equity scrip code 533273 and debt scrip codes 976127 and 976128. On the National Stock Exchange of India Limited, the company trades under the scrip symbol OBEROIRLTY.

Corporate Governance

Company Secretary Bhaskar Kshirsagar digitally signed the board meeting intimation on May 1, 2026, ensuring proper documentation and regulatory compliance. The formal communication demonstrates the company's commitment to transparent corporate governance practices and timely disclosure of material information to stakeholders.