B-Right Realestate Forms New Step-Down Subsidiary for Real Estate Development

B-Right Realestate Limited has announced the incorporation of a new step-down subsidiary to expand its real estate development operations. The company disclosed this corporate development under Regulation 30 of SEBI Listing Regulations.

New Subsidiary Formation

B-Right Realestate Limited has incorporated B-Right Macro Realty Private Limited as a step-down subsidiary through its material subsidiary, B-Right Realestate Ventures LLP. This acquisition creates a step-down subsidiary structure for the parent company.

Parameter	Details
Entity Name	B-Right Macro Realty Private Limited
Entity Type	Private Limited Company
Industry	Real Estate and Developers

Shareholding Structure and Investment

The acquisition involved a cash consideration transaction with specific shareholding parameters. B-Right Realestate Ventures LLP acquired a controlling stake in the newly formed entity.

Shareholding Details	Percentage
Existing Shareholding	0.00%
Acquired Shareholding	66.67%
Post-Acquisition Shareholding	66.67%
Investment Amount	₹66,670.00
Consideration Type	Cash

Business Objectives and Operations

B-Right Macro Realty Private Limited will focus on real estate development projects, aligning with the parent company's core business activities. The subsidiary's formation is aimed at expanding B-Right Realestate's operational framework in the real estate sector.

Corporate Compliance

The disclosure was made pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The transaction does not fall within related party transactions and required no governmental or regulatory approvals for completion.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.93%	+3.93%	+20.82%	+39.64%	+14.66%	+224.61%

B Right Realestate Limited's subsidiary, B-Right Realestate Ventures LLP, has entered into a terms sheet with Danchi Developers LLP for a significant Slum Rehabilitation Authority (SRA) project in Mumbai's Chembur area. This move signals the company's strategic expansion in the real estate sector.

Project Details

The SRA project is located on a 4,256.7 sq. mtr. land in Chembur Village. Here are the key details of the project:

Parameter	Value
Land Area	4,256.7 sq. mtr.
Expected Total Sales Area	1,39,030 sq. ft.
Gross Development Value (GDV)	Rs. 181.00 crores

This SRA project represents a significant opportunity for B Right Realestate to contribute to urban redevelopment while potentially generating substantial value.

Financial Implications

While the specific financial terms of the deal were not disclosed, the project's substantial Gross Development Value of Rs. 181.00 crores suggests a potentially lucrative venture for B Right Realestate Limited.

According to the company's latest consolidated balance sheet data:

Financial Metric	Value (Rs. in crores)	Year-on-Year Change
Total Assets	331.50	-25.51%
Current Assets	262.60	-24.76%
Fixed Assets	27.60	-13.48%
Total Equity	145.50	1.32%

Despite a decrease in total assets, the company's equity position has shown a slight improvement, which could provide a stable foundation for this new project.

Market Implications

This deal aligns with the ongoing trend of slum rehabilitation projects in Mumbai, where underdeveloped areas are being transformed into modern, high-value assets. The SRA project reflects the continued focus on addressing housing needs while creating value in prime locations of the city.

For B Right Realestate Limited, this project could potentially boost its portfolio and revenue streams in the coming years, subject to successful execution and market conditions.

Investors and market watchers will likely keep a close eye on the progress of this SRA project and its impact on B Right Realestate Limited's future financial performance and market position in the real estate sector.