AGI Infra has received the GMADA (Greater Mohali Area Development Authority) license for its residential project "Utopia By AGI" in New Chandigarh. The company obtained License No. LDC-101/2026 dated March 31, 2026, which was received on April 1, 2026, enabling the development of a significant housing project in the premium residential area.

Project Specifications

The Utopia By AGI housing project represents a substantial residential development with comprehensive planning and design. This maiden project in New Chandigarh demonstrates the company's expansion into the region's growing real estate landscape.

Flat Configuration and Development Scope

The project spans across 10.26 acres and is designed to accommodate 661 residential flats with a diverse mix of configurations. The development offers approximately 31.93 lakh square feet of saleable area, representing a significant addition to New Chandigarh's residential housing stock.

Strategic Location and Business Impact

New Chandigarh has emerged as a preferred destination for residential developments due to its strategic location and planned infrastructure. The Utopia By AGI project's positioning in this premium residential area aligns with the growing demand for quality housing in the region. The GMADA license ensures compliance with local development regulations and urban planning guidelines.

According to the company's disclosure, this registration will enable AGI Infra to increase its revenue and profits from the sale of flats in the project. The project also includes thoughtfully planned amenities and conveniences for residents, enhancing its market appeal.

The receipt of the GMADA license marks an important regulatory milestone for AGI Infra, enabling the company to move forward with the construction and marketing phases of its first project in New Chandigarh.

AGI Infra Limited announced significant board changes and an important business decision following its board meeting held on March 30, 2026. The infrastructure company made key appointments, reconstituted several committees, and approved an extension for a major acquisition, as communicated to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI Listing Regulations.

Worldnext Realty Acquisition Extension

The board approved an extension of the payment period for 60% stake in Worldnext Realty LLP (LLPIN: AAX-0360) from March 31, 2026, to December 31, 2026. This decision continues the company's investment in the construction and real estate development sector.

Worldnext Realty LLP was incorporated on May 15, 2021, with its registered office in Ludhiana, Punjab. The LLP is engaged in construction of group housing projects, houses, and bungalows after acquiring land and carrying on related activities.

Independent Director Appointment

The board appointed Mrs. Nandini Kwatra (DIN: 11625130) as Additional Director in the category of Non-Executive Independent Director for a period of five years, effective from March 30, 2026, to March 29, 2031. The appointment was made based on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval.

Mrs. Kwatra is a Chartered Accountant with over 11 years of expertise in taxation, auditing, and financial advisory services. She holds a Bachelor's Degree in Commerce and has completed the Diploma in Information System Audit (DISA), enhancing her expertise in IT governance, risk management, and system audits.

Committee Reconstitution

The board constituted a Risk Management Committee with four members and reconstituted the Audit Committee to include the newly appointed independent director.

The board meeting commenced at 3:15 PM and concluded at 4:10 PM on March 30, 2026, at the company's registered office. These changes reflect the company's commitment to strengthening its governance structure and expanding its business operations in the real estate sector.