Sunteck Realty has successfully completed the acquisition of 100% stake in Tanirika Infrastructure Private Limited (TIPL) through a Share Purchase Agreement executed on April 24, 2026. The transaction, valued at ₹22.40 crore, has made TIPL a wholly owned subsidiary of the real estate developer.

Transaction Overview

The acquisition was formally completed on April 24, 2026, with Sunteck Realty executing the Share Purchase Agreement to acquire complete ownership of Tanirika Infrastructure Private Limited. The company has informed both NSE and BSE about this strategic acquisition under Regulation 30 of SEBI Listing Regulations.

Target Company Profile

Tanirika Infrastructure Private Limited, incorporated on February 6, 2011, operates in the real estate industry with a paid-up capital of ₹1.00 lakh. The company has maintained consistent annual turnover of ₹6.00 lakh over the past three years from FY 2023-24 to FY 2025-26.

Strategic Rationale

The acquisition is strategically aligned with Sunteck Realty's development objectives as TIPL owns a property situated on Nepean Sea Road, South Mumbai. This acquisition complements the company's existing holdings, as part of the land parcel is already owned by Mithra Buildcon Private Limited, another wholly owned subsidiary of Sunteck Realty. The transaction enables the company to consolidate its position for the development of this prime Mumbai property.

Regulatory Compliance

The acquisition was executed as a cash consideration transaction and does not fall under related party transactions. No governmental or regulatory approvals were required for completing this acquisition, facilitating a smooth transaction process.

sunteck realty has announced that it will conduct an earnings conference call to discuss its financial performance for the fourth quarter and full year of FY 2026. The announcement was made on April 16, 2026, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The conference call is scheduled to be held on Wednesday, April 22, 2026, at 4:00 p.m. Indian Standard Time. The meeting will provide stakeholders with an opportunity to review the company's Q4 and full year FY 2026 results along with key business updates.

Key Details of the Announcement

The company has indicated that specific details regarding access to the conference call will be shared in due course. This information will be communicated to stakeholders for their reference and records.

Sunteck Realty Limited is listed on both the National Stock Exchange of India Ltd (Symbol: SUNTECK) and BSE Limited (Scrip Code: 512179). The announcement was digitally signed by Rachana Hingarajia, Company Secretary (ACS: 23202), on behalf of the company.