Suraj Estate Developers Limited has announced the acquisition of land in Dadar (West) for a redevelopment project with an estimated Gross Development Value (GDV) of ₹100 crores. The acquisition, disclosed through an official press release under Regulation 30 of SEBI (LODR) Regulations, 2015, marks another strategic expansion in the company's core South-Central Mumbai market.

Official Regulatory Filing

The company submitted its press release to both National Stock Exchange of India Limited and BSE Limited through Company Secretary & Compliance Officer Mukesh Gupta. The filing was digitally signed and submitted as part of the company's disclosure obligations under SEBI regulations.

Land Acquisition Details

The company has acquired the land parcel situated at G/North ward, Dadar (West) with the following financial structure:

Project Development Plans

Suraj Estate Developers intends to undertake redevelopment of the acquired plot with significant commercial potential:

Strategic Significance

The Dadar (West) location represents one of Mumbai's established micro-markets, offering strategic advantages for residential development. The area is characterized by strong demand fundamentals, excellent connectivity, and proximity to key commercial districts. This acquisition is expected to strengthen the company's near-to-medium term upcoming projects pipeline and further consolidate its presence in South-Central Mumbai.

Management Commentary

Mr. Rahul Thomas, Whole-time Director of Suraj Estate Developers, emphasized the strategic importance of this acquisition: "This acquisition marks another significant step in strengthening our development pipeline within our core South-Central Mumbai markets. The Dadar micro-market continues to demonstrate strong demand fundamentals supported by excellent connectivity and established social infrastructure."

He further added that with an estimated GDV of approximately ₹100 crores, the project bolsters the company's portfolio of upcoming projects, thereby enhancing medium-term revenue visibility. The company remains committed to disciplined growth, selective acquisitions, and efficient execution while actively evaluating additional opportunities that align with their strategic vision.

Company Portfolio Overview

Suraj Estate Developers has established a strong presence in South-Central Mumbai since 1986, with an impressive track record:

The company specializes in redevelopment of tenanted properties across residential and commercial sectors, focusing primarily on value luxury, luxury segments, and commercial segments in markets including Mahim, Dadar, Prabhadevi, and Parel.

Suraj estate developers Limited has submitted its mandatory compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter and year ended March 31, 2026. The submission was made to both the National Stock Exchange of India Limited and BSE Limited on April 13, 2026.

Regulatory Compliance Details

The certificate was issued by MUFG Intime India Pvt. Ltd (formerly known as Link Intime India Private Limited), which serves as the company's SEBI-approved Category-I Registrar & Share Transfer Agent. The registrar holds SEBI Registration Number INR000004058 and confirmed compliance with all regulatory requirements for the reporting period.

Certificate Confirmations

MUFG Intime India confirmed several key compliance aspects in their certificate dated April 3, 2026. The registrar verified that all securities received from depository participants for dematerialization during Q4FY26 were properly confirmed to the depositories within prescribed timelines. Additionally, they confirmed that securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are already listed.

Dematerialization Process Compliance

The certificate also confirms adherence to proper dematerialization procedures during the quarter. Security certificates received for dematerialization were appropriately confirmed or rejected, and all received certificates were mutilated and cancelled after due verification by the depository participant. The registrar ensured that depository names were substituted in the register of members as registered owners within the prescribed regulatory timelines.

Corporate Governance

The submission was signed by Mukesh Gupta, Company Secretary & Compliance Officer (ICSI Membership No. F6959), demonstrating the company's commitment to maintaining proper corporate governance standards. The digital signature authentication confirms the authenticity of the regulatory filing and adherence to modern compliance practices.