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.

Omaxe Limited , a prominent real estate developer, has announced a significant change in its senior management. Manoj Kumar Dua, who held the position of President-Corporate Accounts (Senior Management Personnel), has submitted his resignation, effective from the close of business hours on December 10, 2025.

Resignation Details

Impact and Transition

The departure of a senior executive like Mr. Dua may have an impact on Omaxe Limited's corporate structure. As President-Corporate Accounts, Dua presumably played a crucial role in overseeing the company's financial operations and reporting.

According to the information provided, Mr. Dua will serve a one-month notice period as stipulated in his employment contract. This period is typically used to ensure a smooth transition of responsibilities and to complete any pending tasks.

Company's Response

Omaxe Limited has not provided any immediate information regarding a successor or interim arrangement for the position. The company is expected to manage the transition process to maintain continuity in its financial operations.

Investor Considerations

While executive changes are not uncommon in large corporations, investors and stakeholders of Omaxe Limited may want to monitor how the company manages this transition in its senior financial leadership. The effectiveness of the handover process and any subsequent appointment to this crucial role could be of interest to those following the company's corporate governance and financial management.

Omaxe Limited is expected to provide further updates on any new appointments or changes in its senior management structure in due course.