Suraj Estate Developers Limited has announced that its Board of Directors will convene on January 28, 2026, to review and approve the company's quarterly financial performance. The meeting has been scheduled in compliance with Regulation 29 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.

Board Meeting Details

The upcoming board meeting will focus on considering and approving crucial financial documents for the company's performance assessment. The directors will review comprehensive financial data covering both quarterly and nine-month periods.

Trading Window Restrictions

The company has implemented mandatory trading restrictions to ensure compliance with insider trading regulations. These measures protect market integrity during the sensitive period leading up to financial results disclosure.

Regulatory Compliance

The announcement demonstrates the company's adherence to established regulatory frameworks governing listed entities. Suraj Estate Developers has notified both major stock exchanges about the scheduled board meeting, ensuring transparency in corporate governance.

Company Secretary and Compliance Officer Mukesh Gupta has signed the official communication, confirming the company's commitment to regulatory compliance. The intimation has been simultaneously uploaded on the company's official website at www.surajestate.com for public access.

Market Information

The company trades on both major Indian stock exchanges under specific identifiers that facilitate investor tracking and trading activities. This dual listing provides enhanced liquidity and accessibility for market participants interested in the real estate development sector.

Suraj Estate Developers Limited has announced impressive sales performance for its flagship commercial project One Business Bay, recording ₹200.00 crore in gross bookings within just 45 days of its launch in mid-November. The Mumbai-based real estate developer sold 40,000 square feet of area during this period, demonstrating strong market demand for premium commercial spaces in South Central Mumbai.

Project Performance and Market Response

The strong sales momentum reflects robust demand for ownership-led office spaces in the South Central Mumbai corridor. One Business Bay's early success validates the company's strategic expansion into the commercial segment, building on its established track record of delivering corporate office buildings to prominent clients including Saraswat Co-operative Bank Limited and The Clearing Corporation of India Limited.

Project Specifications and Design

One Business Bay is being developed on freehold land parcels measuring 0.75 acres with excellent connectivity to Senapati Bapat Marg. The project is designed to meet Gold LEED standards and cater to the demand for high-quality Grade-A offices. Designed by Hafeez Contractor, India's renowned urban architect, the project represents a complete ecosystem for modern business operations.

The development features comprehensive infrastructure including 2 levels of basement parking, double-height grand entrance lobby, 8 levels of podium parking, and double-height E-Deck level with approximately 28 feet height. The project comprises 15 office floors with floor-to-floor height of 14 feet, multiple destination-controlled high-speed elevators, 182 premium business office units, and premium retail spaces, restaurants, and cafés.

Strategic Location and Management Outlook

The project's strategic positioning offers significant advantages with proximity to Bandra-Kurla Complex (BKC) and direct access to Senapati Bapat Marg. This location places One Business Bay in one of Mumbai's most connected commercial corridors, making it attractive to enterprises and investors seeking future-ready workspaces.

Rahul Thomas, Whole-Time Director of Suraj Estate Developers, commented on the development: "The initial sales momentum at One Business Bay validates our decision to expand into the commercial segment. Our continued focus on commercial real estate is a natural progression, backed by decades of development experience in South Central Mumbai and a strong understanding of this micro-market."

Encouraged by the early traction at One Business Bay, the company is selectively evaluating similar opportunities for commercial projects within the South-Central Mumbai micro-market while maintaining execution discipline and focus on value-accretive growth. The company has been active in the real estate sector since 1986, with strong focus on residential and commercial development in South Central Mumbai, specializing in value luxury, luxury, and commercial segments.