Modi's Navnirman has received a substantial acquisition disclosure from Aegis Investment Fund PCC under Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure reveals a reduction in the fund's shareholding through open market transactions.

Transaction Details

Aegis Investment Fund PCC sold 32,000 shares of MODIS NAVNIRMAN LIMITED on January 29, 2026, through open market transactions. The sale represents 0.163% of the company's total share capital and voting rights.

Shareholding Changes

The transaction resulted in a reduction of Aegis Investment Fund PCC's stake in the company. Prior to this sale, the fund held 1,528,348 shares, representing 7.80% of the total share capital. Following the disposal, the fund's holding decreased to 1,496,348 shares, constituting 7.63% of the company's equity.

Regulatory Compliance

The disclosure confirms that Aegis Investment Fund PCC does not belong to the promoter or promoter group of MODIS NAVNIRMAN LIMITED. The fund has fulfilled its regulatory obligations by filing the required disclosure under SEBI's substantial acquisition regulations.

Company Listing Information

MODIS NAVNIRMAN LIMITED maintains its listing status on both major Indian stock exchanges - BSE Limited (BSE) and National Stock Exchange of India Limited (NSE). The company's shares continue to be actively traded on both platforms following this transaction.

Modi's Navnirman Limited has secured a significant redevelopment mandate worth ₹250.00 crore for a housing society project in Mumbai. The company announced its appointment as the developer for BOI Staff Sheetal Co-operative Housing Society Ltd., located at Ramnagar, S.V. Road, Borivali West, Mumbai. The small-cap construction company currently commands a market capitalization of ₹662.00 crore.

Project Details and Scope

The redevelopment project encompasses key specifications that highlight its substantial scale and potential impact:

The project will focus on creating modern, high-quality residential development that significantly enhances safety standards, sustainability features, and lifestyle amenities for residents. The society has successfully completed the 79A procedure in full compliance with all applicable statutory requirements, marking a critical milestone in the redevelopment journey.

Management Commentary

Mr. Mahek Modi, Whole Time Director and Chief Financial Officer of Modi's Navnirman Limited, emphasized the significance of receiving unanimous consent from all society members. He stated that the mandate reflects strong confidence in the company's execution capabilities, transparency, and redevelopment track record.

According to Modi, redevelopment extends beyond construction, requiring empathy, clear communication, and a long-term vision for value creation. The project reinforces the company's commitment to responsible redevelopment and delivering contemporary living spaces that elevate urban lifestyles in Mumbai.

Strategic Portfolio Expansion

This appointment strengthens Modi's Navnirman Limited's expanding redevelopment portfolio across Mumbai, particularly in well-established suburban micro-markets such as Borivali West. The project aligns with the company's strategic focus on transforming aging housing societies into future-ready residential developments.

The company maintains emphasis on:

• Transparency in operations
• Timely project execution
• Sustainable value creation for all stakeholders
• Responsible innovation in redevelopment

Company Background

Modi's Navnirman Limited positions itself among Mumbai's fastest-growing real estate developers in the redevelopment segment. Founded by Mr. Dinesh C. Modi in 2010, the company has established leadership within a short span by delivering large projects and making them luxurious, holistic, viable and successful. The team continues to set new benchmarks on the journey to become one of the largest real estate developers in India.