Ajmera Realty & Infra has achieved its highest ever quarterly sales, marking a significant milestone in the company's growth trajectory. The real estate developer reported sales of INR 828.00 crores for the quarter, representing a robust 48% year-on-year growth.

Strong Project Launches Fuel Growth

The company's impressive performance was primarily driven by two major project launches in September:

1. Ajmera Manhattan 2 at Wadala
2. Thirty 3.15 in Bandra

These projects have a combined gross development value of over INR 2,100.00 crores, showcasing Ajmera Realty's ambitious expansion plans. Notably, Manhattan 2 has already sold 38% of its inventory within a month of its launch, indicating strong market demand for the company's offerings.

Financial Performance

For the first half of the fiscal year, Ajmera Realty reported:

Operational Highlights

• Delivered 533 homes in the first half
• Targeting 1,000 possessions for the full year
• Total debt stands at INR 690.00 crores
• Debt-to-equity ratio maintained at 0.55x

Future Outlook

Ajmera Realty has strengthened its revenue visibility to INR 3,599.00 crores from committed sales and available inventory. The company maintains its guidance for INR 6,400.00 crores in launches for the year and expects strong momentum from seven upcoming projects across 1.6 million square feet.

Market Position

The company's performance aligns with the broader trend in the Indian real estate market, which is showing signs of maturity and steady growth. Ajmera Realty's focus on luxury housing in Mumbai, coupled with its presence in mid-income and premium segments, positions it well to capitalize on current market dynamics.

As the real estate sector continues to consolidate, Ajmera Realty's strategic approach to new launches and project execution appears to be yielding positive results. The company's ability to align with market demand while maintaining financial discipline suggests a robust foundation for future growth.

Ajmera Realty & Infra India Limited , a prominent player in the real estate sector, has successfully completed the amendment of its Memorandum of Association (MOA) following overwhelming shareholder approval for the proposed 1:5 stock split. The company filed the regulatory disclosure on December 12, 2025, confirming the completion of all necessary procedural requirements.

Stock Split Approval and Implementation

The postal ballot process concluded with exceptional shareholder support, demonstrating strong confidence in the corporate action:

MOA Amendment Details

Following the shareholder approval on December 11, 2025, the company has formally amended Clause V of its Memorandum of Association. The key changes to the capital structure are:

Regulatory Compliance and Documentation

The company has fulfilled all regulatory requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Reema Solanki confirmed that the amended MOA has been uploaded to the company's website at www.ajmera.com for stakeholder access.

The amendment was processed through an Ordinary Resolution passed via postal ballot, with the notice originally dated November 6, 2025. The e-voting process was conducted through NSDL, ensuring transparent and efficient shareholder participation.

Market Impact and Accessibility

With the MOA amendment now complete, the stock split implementation will proceed as planned. Each existing equity share with a face value of ₹10.00 will be subdivided into five shares with a face value of ₹2.00 each. This corporate action is expected to enhance share liquidity and make the stock more accessible to retail investors while maintaining shareholders' proportional ownership.

The company's shares are listed on both BSE (scrip code: 513349) and NSE (scrip code: AJMERA). The completion of the MOA amendment represents the final procedural step before the actual implementation of the stock split, reflecting the company's commitment to broadening its investor base and improving market accessibility.