Oberoi Realty has received regulatory approval for a significant acquisition that strengthens its presence in Mumbai's premium real estate market. The National Company Law Tribunal Mumbai bench approved the consortium's resolution plan on January 29, 2026, marking a crucial milestone in the Corporate Insolvency Resolution Process.

Acquisition Details

The approved resolution plan involves a consortium comprising Oberoi Realty Limited, Shree Naman Developers Private Limited, and JM Financial Properties and Holdings Limited. The consortium will acquire 100% ownership of Hotel Horizon Private Limited through this structured transaction.

Strategic Asset Acquisition

Hotel Horizon Private Limited, incorporated on December 7, 1968, under the Companies Act 1956, represents a valuable addition to the consortium's portfolio. The company's registered office is located in Mumbai, Maharashtra, positioning it strategically within the metropolitan area.

The key asset comprises approximately 7500 square meters of prime land situated in Juhu, Mumbai, with direct views overlooking the Arabian Sea. This location represents one of Mumbai's most sought-after residential and commercial destinations, offering significant development potential.

Implementation Framework

The resolution plan establishes a comprehensive governance structure to ensure smooth transition and implementation. A Monitoring Committee will oversee the process until the official transfer date, comprising:

• Two representatives from the consortium
• Two representatives from the Committee of Creditors
• The Resolution Professional

This committee will supervise the implementation of the resolution plan and maintain control over HHPL's business operations during the transition period. Following the transfer date, complete management and control will vest with the consortium.

Financial Settlement Structure

The Rs 919.25 crore payment represents a comprehensive settlement covering all outstanding obligations. This amount includes the equity subscription for complete ownership and addresses claims from various creditors in full and final settlement. The resolution plan also accounts for any additional amounts that may become payable to ensure compliance with applicable laws, including unpaid Corporate Insolvency Resolution Process costs.

Corporate Governance Compliance

Oberoi Realty has confirmed that this acquisition does not constitute a related party transaction. The company has disclosed that none of its promoters, promoter group entities, or group companies hold any interest in Hotel Horizon Private Limited, ensuring transparency in the transaction structure and maintaining regulatory compliance standards.

Oberoi Realty Limited has announced a key senior management appointment, bringing back a former executive to lead its northern operations. The company disclosed the appointment of Ms. Aditi Mittal as Executive Vice President - Business Head (North Zone) through a regulatory filing on January 28, 2026.

Appointment Details

The appointment became effective on January 28, 2026, marking Ms. Mittal's return to the real estate developer. The employment arrangement is contractual in nature and remains subject to the company's established employment policies.

Professional Background and Qualifications

Ms. Mittal brings substantial industry expertise to her new role, with over 19 years of experience spanning multiple business functions and sectors. Her professional background encompasses diverse areas including investor relations, media and corporate communications, strategic planning, project management, and sales across real estate, cement, and consulting industries.

Her academic credentials include:

• Chartered Accountant qualification
• MBA in Strategy and Finance from the Indian School of Business, Hyderabad

Previous Association and Recent Experience

This appointment represents a homecoming for Ms. Mittal, who was previously associated with Oberoi Realty Limited from May 2013 to October 2018. During the intervening period, she worked with Dalmia Bharat Limited, further expanding her industry experience and expertise.

Strategic Significance

The appointment aligns with Oberoi Realty's operational structure, with Ms. Mittal specifically designated to head the company's North Zone business operations. Her extensive background in strategic planning and project management, combined with her previous familiarity with the company's operations, positions her to contribute effectively to the company's northern regional expansion and management initiatives.

The company made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in senior management changes for stakeholders and regulatory authorities.