B-Right Realestate Limited has announced the successful completion of its Board of Directors meeting held on March 10, 2026, where significant decisions regarding the company's fixed deposit operations were approved. The meeting was conducted at the company's registered office and addressed key regulatory compliance matters under SEBI (LODR) Regulations, 2015.

Board Meeting Details and Outcomes

The Board meeting commenced at 02:00 P.M. and concluded at 03:00 P.M. on March 10, 2026, following the prior intimation provided to the exchange on March 02, 2026. The directors deliberated on crucial matters related to the company's deposit acceptance framework.

Fixed Deposits Circular Approval

The primary agenda item focused on the approval of contents for circulation or circular in the form of advertisement, designated as "DPT-1," for inviting fixed deposits from the public. This decision aligns with the provisions outlined in the Companies Act, 2013, and other applicable regulatory requirements.

The Board's approval encompasses compliance with the Companies (Acceptance of Deposits) Rules, 2014, ensuring that all regulatory standards are met before launching the fixed deposit scheme. This strategic move indicates the company's intention to diversify its funding sources through retail investor participation.

Regulatory Compliance Framework

The approved circular will serve as the official communication tool for attracting fixed deposit investments from individual and institutional investors. The decision reflects B-Right Realestate Limited's commitment to maintaining transparency and adhering to regulatory guidelines while expanding its capital base.

Corporate Governance and Documentation

The meeting outcome was formally documented and communicated to BSE Limited under the company's scrip code 543543. CS Bhagyashree Mehadia, serving as Company Secretary & Compliance Officer (ACS: 77087), digitally signed the official communication on March 10, 2026, at 15:13:31 +05'30', ensuring proper authentication and regulatory compliance.

This development represents a significant step in B-Right Realestate Limited's capital mobilization strategy, providing the company with additional avenues to fund its real estate operations and growth initiatives through public deposits.

B-Right Real Estate Limited has received a reaffirmed credit rating from Infomerics Valuation and Rating Limited for its fixed deposit facilities worth Rs 40.00 crore. The company submitted the intimation to BSE Limited on March 02, 2026, in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Credit Rating Details

Infomerics Valuation and Rating Limited has reaffirmed the IVR BBB-/Stable rating for B-Right Real Estate's fixed deposit facilities after reviewing the company's operational and financial performance for FY25 (Audited) and H1FY26. The rating committee conducted its review on February 24, 2026.

Key Rating Strengths

The rating reflects several positive factors including completion of funding closure for the project with total estimated cost of Rs 586.27 crore to be funded through promoter contribution of Rs 67.00 crore, borrowings of Rs 30.00 crore and customer advances of Rs 489.27 crore. The company has already incurred Rs 183.95 crore, representing approximately 31% of the total estimated cost.

The projects are strategically located in Mumbai, benefiting from proximity to essential amenities and infrastructure including highways, airports, railways, metro lines, schools, shopping malls and hospitals. The company has an established track record with total saleable area of 10.37 lakh square feet across completed projects, with all units already sold.

Financial Performance

The company's consolidated financial performance shows significant growth in total operating income, rising from Rs 40.91 crore in FY24 to Rs 103.43 crore in FY25. However, PAT margin declined from 5.75% to 1.61% during the same period.

Rating Validity and Risk Factors

The credit rating remains valid for one year from February 24, 2026. Infomerics has identified key rating weaknesses including project execution and marketing risks associated with ongoing projects, inherent cyclical nature of the real estate sector, and geographical concentration risk with all projects located in and around Mumbai.

Company Background

B-Right Real Estate Limited is an integrated construction and real estate development company incorporated in 2007, focused primarily on residential and commercial projects in and around Mumbai. The company is promoted and managed by Mr. Sanjay Nathalal Shah, Chairman and Managing Director, through Cheerful Dealtrade LLP and Blow Sales LLP. Company Secretary and Compliance Officer Bhagyashree Mehadia (ACS: 77087) signed the regulatory intimation confirming that rating information will be available on the company's website for stakeholder access.