SoftTech Engineers Limited has officially launched India's first electronic Transfer of Development Rights (E-TDR) trading exchange platform through a strategic partnership with the Government of Maharashtra and the Brihanmumbai Municipal Corporation (BMC). The groundbreaking digital platform represents a major milestone in transforming India's urban planning and real estate development sector.

Revolutionary Digital Exchange Platform

The E-TDR platform serves as India's first unified digital marketplace for Transfer of Development Rights transactions, enabling buyers and sellers to access and transact TDR based on their specific requirements. The platform facilitates online transactions with digitally signed contracts, bringing market-driven insights and security to every transaction.

Advanced Technology Features

The platform incorporates cutting-edge technology solutions to address traditional challenges in TDR transactions. Key technological capabilities include AI-enabled predictive and prescriptive analytics, blockchain-anchored TDR certificate issuance, and automated compliance workflows. The system also features digital contracts with IGR-integrated stamp duty payments and real-time bidding mechanisms.

Market Impact and Problem Resolution

The E-TDR platform addresses critical market inefficiencies by eliminating opaque pricing and protracted approval cycles that have historically plagued TDR transactions. The digital solution opens equal market access for small developers and individual owners while providing blockchain security to prevent fraud and market manipulation.

Leadership Vision and Strategic Significance

Commenting on the development, Vijay Gupta, Chairman and Managing Director of SoftTech, stated: "This is not merely a digital platform – it is a transformation instrument for India's urban future, ensuring growth is inclusive, transparent, and technologically accountable."

The platform sets a national benchmark for GovTech-driven urban land governance and reinforces SoftTech's position as a leading indigenous technology provider supporting digital governance and infrastructure transformation in India. This initiative aligns with the broader vision of enabling transparent and technology-driven systems for urban planning and infrastructure development across the country.

SoftTech Engineers Limited has announced the resignation of its Company Secretary and Compliance Officer, Ms. Shalaka Satish Khandelwal, effective March 18, 2026. The resignation was formally disclosed to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Disclosure Framework

The company submitted comprehensive disclosure documentation to both the National Stock Exchange of India Limited and BSE Limited on March 18, 2026. The formal communication was made pursuant to Regulation 30 and Part A of Schedule III of SEBI Listing Regulations, with reference to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Key Managerial Personnel Changes

Ms. Khandelwal's resignation encompasses multiple critical roles within the organization. With effect from the close of business hours on March 18, 2026, she will cease to be the Company Secretary, Compliance Officer and Key Managerial Personnel. Additionally, she will no longer serve as the Key Managerial Personnel authorized for determining materiality of events or information and making disclosures to stock exchanges under Regulation 30 of the Listing Regulations.

Formal Resignation Documentation

In her formal resignation letter submitted to the Board of Directors, Khandelwal confirmed that there are no other material reasons for her resignation beyond the personal circumstances mentioned. She expressed sincere gratitude for the opportunities provided during her tenure and appreciated the support and guidance extended by management and colleagues.

The resignation was formally received and accepted by the company management on March 18, 2026, ensuring compliance with company policy and terms of employment. The complete resignation letter and detailed regulatory disclosure have been attached as annexures to the stock exchange communication, maintaining full transparency in accordance with SEBI requirements.