B-Right Realestate Limited has informed BSE about a significant development involving its subsidiary's entry into a major real estate project in Mumbai. The company disclosed that B-Right Realestate Ventures LLP, its subsidiary, has signed a term sheet with Sagar Developers for the development of a Slum Rehabilitation Authority (SRA) project.

Project Details and Location

The SRA project is strategically located at CTS No. 249 (pt) of Village Andheri, Gaodevi Dongari Road, Gilbert Hill, Andheri (West), Mumbai-400 058. Sagar Developers holds valid and subsisting development rights for this government land project.

Financial Projections

The project demonstrates substantial scale with significant commercial potential. The development is expected to generate approximately 2,44,509 sq. ft. of total sales area across the 9,130 sq. mtr land parcel. The company has projected a Gross Development Value (GDV) of Rs. 430 crores for the entire project.

Partnership Structure

The collaboration involves B-Right Realestate Ventures LLP working with Sagar Developers, who brings the essential development rights to the partnership. This arrangement allows the subsidiary to participate in a large-scale urban redevelopment project in one of Mumbai's prominent locations.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed the disclosure on February 13, 2026, ensuring compliance with mandatory reporting requirements for material developments affecting the business.

Malani Ventures Private Limited has acquired 1,03,200 equity shares of b right realestate Limited through open market purchase, increasing its stake in the real estate company from 23.46% to 24.46%.

Acquisition Details

The share acquisition was completed on February 05, 2026, with Malani Ventures filing the mandatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company submitted the disclosure to BSE Limited, where B-Right Real estate Limited's shares are listed.

Shareholding Pattern Changes

Following the acquisition, Malani Ventures' total shareholding in B-Right Real estate Limited has increased significantly. The promoter group entity now holds a substantial stake in the target company.

Company Information

Malani Ventures Private Limited, incorporated with CIN U64990MH2011PTC213254, operates as a promoter group entity of B-Right Real estate Limited. The company's registered office is located at 702, 7th Floor, Shah Trade Centre, Rani Sati Marg, Mumbai, Malad East, Maharashtra.

Regulatory Compliance

The disclosure was signed by Paras Hansrajbhai Desai, Director of Malani Ventures Private Limited, acting on behalf of the promoters group. The filing ensures compliance with SEBI regulations governing substantial acquisition of shares and takeovers.

B-Right Real estate Limited's total equity share capital remains unchanged at 1,03,31,200 shares following this transaction. The acquisition represents a strategic increase in the promoter group's stake in the real estate company.