Omaxe , a prominent Indian real estate developer, has announced the substantial completion of two major construction projects and the full repayment of its SWAMIH (Special Window for Affordable and Mid-Income Housing) facility. This development comes as the company navigates through a period of financial strain, as revealed by its latest balance sheet data.

Project Completion and Debt Repayment

Omaxe has made significant progress on two key developments:

The Lake, New Chandigarh

• Sealable area: 28,00,205 sq.ft.
• Number of units: 1,402
• SWAMIH facility: ₹168.80 crore

Omaxe Shiva Projects, Prayagraj

• Sealable area: 5,60,680 sq.ft.
• Number of units: 304
• SWAMIH facility: ₹60.40 crore

The company has fully repaid the utilized SWAMIH facility from internal cash flows, demonstrating strong operational performance and financial discipline through timely project execution and debt repayment.

Financial Position

Despite the positive news on project completion and debt repayment, Omaxe's consolidated financial statements reveal some concerning trends:

The negative total equity and reserve & surplus figures indicate significant financial challenges for the company. The sharp decline in these metrics over the past year suggests that Omaxe is facing substantial losses or has undergone major financial restructuring.

Implications and Outlook

While the completion of major projects and repayment of the SWAMIH facility are positive developments, they must be viewed in the context of Omaxe's overall financial health. The company's ability to generate internal cash flows sufficient to repay its debts is commendable, but the negative equity position raises concerns about its long-term financial stability.

Investors and stakeholders should closely monitor Omaxe's future financial reports and operational updates to assess whether the company can reverse its negative equity position and return to a more stable financial footing. The real estate sector's overall performance and any potential corporate actions or restructuring efforts by Omaxe will be crucial factors in determining its future trajectory.

As the company continues to navigate these financial challenges, its focus on project completion and debt repayment may help rebuild investor confidence and potentially improve its financial position in the coming quarters.

Omaxe Limited , a prominent player in the Indian real estate sector, has announced the transfer of its entire 40% equity shareholding in Aquarise Developers Private Limited to its step-down wholly owned subsidiary, Dinkar Realcon Private Limited. The transaction was completed on December 18, 2025, through a Sale and Purchase of Shares Agreement.

Transaction Overview

The company disclosed this information to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

About the Buyer

Dinkar Realcon Private Limited, the acquiring entity, is a step-down wholly owned subsidiary of Omaxe Limited. The company is incorporated under the Companies Act 2013 with CIN U45200DL2008PTC176676 and has its registered office at 10, Local Shopping Complex, Kalkaji, New Delhi. Dinkar Realcon is engaged in the real estate and construction business.

Impact on Corporate Structure

Following this transaction, Aquarise Developers Private Limited will become an associate company of Dinkar Realcon Private Limited, which remains a step-down wholly owned subsidiary of Omaxe Limited. This internal restructuring maintains Omaxe's indirect control over Aquarise Developers while reorganizing the ownership structure.

Original Acquisition Context

Omaxe had initially acquired the 40% stake in Aquarise Developers through subscription of equity shares, positioning the company as an associate in the building and construction sector.

Regulatory Compliance

The transaction has been classified as a related party transaction conducted at arm's length basis between Omaxe Limited and its step-down wholly owned subsidiary. The company has confirmed that the sale does not fall outside any Scheme of Arrangement and complies with applicable regulations. The disclosure has been made available on the company's website at www.omaxe.com and on the websites of both stock exchanges.