Oberoi Realty 's Board of Directors, at its meeting held on May 8, 2026, has approved a proposal to raise funds aggregating up to ₹4,000 crore through the issuance of Non-Convertible Debentures (NCDs) via private placement. The board meeting commenced at 4:00 PM and concluded at 5:00 PM. The approval was communicated to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular dated January 30, 2026.

Fundraising Details

The following table outlines the key parameters of the approved fundraising plan:

Capital Raise via NCD Route

Non-Convertible Debentures are debt instruments that cannot be converted into equity shares and are typically used by companies to raise long-term capital. Private placement of NCDs involves offering these instruments to a select group of investors rather than through a public issue. As per the regulatory disclosures filed under Regulation 30, the size of the issue is up to an aggregate amount not exceeding ₹4,000 crore, with listing and other terms to be approved by the Board or a duly constituted committee thereof. The board's approval of this fundraising plan through this route reflects the company's intent to access debt capital markets for its financial requirements.

The disclosure was signed by Bhaskar Kshirsagar, Company Secretary of Oberoi Realty Limited, on May 8, 2026.

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.