Oberoi Realty Executive Vice President Construction Milind Naik Resigns April 30, 2026

1 min read     Updated on 01 May 2026, 04:33 AM
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Reviewed by
Ashish TScanX News Team
AI Summary

Oberoi Realty Limited has announced the resignation of Mr. Milind Naik from his position as Executive Vice President - Construction, effective April 30, 2026. The resignation was formally disclosed under SEBI regulations with complete documentation including the original resignation letter dated February 24, 2026, citing future better prospects as the reason for departure.

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Oberoi Realty Limited has announced the resignation of Mr. Milind Naik from his position as Executive Vice President - Construction, effective April 30, 2026. The company disclosed this development under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Filing Details

The resignation was formally communicated to both BSE Limited and National Stock Exchange of India Limited on April 30, 2026. The disclosure was made in compliance with SEBI master circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, with the announcement signed by Bhaskar Kshirsagar, Company Secretary of Oberoi Realty Limited.

Parameter: Details
Position: Executive Vice President - Construction
Effective Date: April 30, 2026
Reason: Future better prospects
Notice Period: February 24, 2026 to April 30, 2026
Scrip Code (BSE): Equity - 533273, Debt - 976127, 976128
Scrip Symbol (NSE): OBEROIRLTY

Resignation Letter

Mr. Naik submitted his resignation letter on February 24, 2026, addressed to Mr. Vikas Oberoi, Managing Director of Oberoi Realty Limited. In his formal letter, he stated his intention to tender resignation from the designation of Executive Vice President - Construction for future better prospects, with his last working day scheduled for the close of business on April 30, 2026.

Official Documentation

The company provided comprehensive documentation including the original resignation letter and detailed annexure as required by SEBI regulations. The disclosure was processed through BSE Listing Centre and NEAPS for NSE, ensuring full compliance with listing obligations. Mr. Naik expressed gratitude to the management in his resignation letter, thanking them for their support and guidance during his tenure with the company.

Historical Stock Returns for Oberoi Realty

1 Day5 Days1 Month6 Months1 Year5 Years
-1.81%-3.69%+14.59%-2.56%+3.03%+204.14%

Who will Oberoi Realty appoint as the new Executive Vice President - Construction to fill this critical role?

Could this senior departure signal potential delays or changes in Oberoi Realty's upcoming construction projects?

Will Oberoi Realty need to restructure its construction division leadership following this resignation?

Oberoi Realty Reports Strong Q4FY26 Booking Performance with 229 Units Sold

1 min read     Updated on 22 Apr 2026, 07:44 AM
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Reviewed by
Radhika SScanX News Team
AI Summary

Oberoi Realty Limited reported strong Q4FY26 booking performance with 229 units sold, generating gross booking value of ₹1,673 crore and covering 3,57,552 sq. ft. of carpet area. The quarterly results showed significant improvement over Q3FY26 and Q4FY25 across all key metrics. For FY26, the company achieved total bookings of 698 units worth ₹5,447 crore, demonstrating robust market demand for its properties.

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Oberoi realty Limited has announced its booking summary for Q4FY26, demonstrating strong performance across key metrics. The real estate developer filed its disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, providing comprehensive booking data for the quarter and full year.

Q4FY26 Performance Highlights

The company's Q4FY26 performance showed remarkable improvement across all parameters. The quarterly results reflect strong market demand and effective sales execution by the company.

Metric Q4FY26 Q3FY26 Q4FY25
Units Booked 229 130 78
Carpet Area (sq. ft.) 3,57,552 1,86,054 1,37,321
Gross Booking Value (₹ crore) 1,673 836 853

Annual Performance Comparison

The full year FY26 results provide insight into the company's overall performance trajectory. Despite strong quarterly performance, the annual figures show different trends when compared to the previous fiscal year.

Parameter FY26 FY25
Total Units Booked 698 929
Total Carpet Area (sq. ft.) 11,47,557 12,83,796
Total Gross Booking Value (₹ crore) 5,447 5,281

Key Performance Indicators

The Q4FY26 quarter demonstrated significant sequential growth, with units booked increasing from 130 in Q3FY26 to 229 in Q4FY26. The gross booking value of ₹1,673 crore in Q4FY26 represents the highest quarterly performance, doubling from the previous quarter's ₹836 crore. The carpet area booked also showed substantial growth, reaching 3,57,552 sq. ft. compared to 1,86,054 sq. ft. in Q3FY26.

Regulatory Disclosure

The booking summary was disclosed through BSE Listing Centre and NEAPS, addressed to BSE Limited and National Stock Exchange of India Limited. Company Secretary Bhaskar Kshirsagar signed the disclosure document dated April 20, 2026. The company noted that all figures are provisional and subject to audit, maintaining transparency in its financial reporting practices.

Historical Stock Returns for Oberoi Realty

1 Day5 Days1 Month6 Months1 Year5 Years
-1.81%-3.69%+14.59%-2.56%+3.03%+204.14%

What factors contributed to the dramatic Q4 turnaround, and can this momentum be sustained into FY27?

How will Oberoi Realty's project pipeline and new launches support growth given the decline in annual units sold?

What impact will potential interest rate changes and regulatory policies have on luxury real estate demand in Oberoi's key markets?

More News on Oberoi Realty

1 Year Returns:+3.03%