B Right Realestate Limited Shareholders Unanimously Approve Fund Raising and Stock Exchange Migration Plans

1 min read     Updated on 26 Aug 2025, 06:57 PM
scanx
Reviewed by
Riya DeyScanX News Team
whatsapptwittershare
Overview

B Right Realestate Limited's shareholders unanimously approved two special resolutions via postal ballot. The first allows the company to raise funds through equity shares, other securities, or debt borrowing. The second permits migration from BSE SME Platform to main boards of BSE, NSE, or other recognized exchanges. The voting saw 74.53% participation, with 100% approval for both resolutions. The promoter group showed nearly full participation, while public non-institutional shareholders had a lower but significant engagement rate.

17760481

*this image is generated using AI for illustrative purposes only.

B Right Realestate Limited , a company listed on the BSE SME Platform, has successfully concluded a significant postal ballot voting process, marking a pivotal moment in its corporate journey. The company's shareholders have unanimously approved two special resolutions that could shape its future financial strategies and market presence.

Key Developments

Fund Raising Approval

Shareholders have given the green light for the company to raise funds through the issuance of equity shares, other eligible securities, or by way of debt borrowing. This decision provides B Right Realestate with flexible financing options to support its growth initiatives.

Stock Exchange Migration

The second approved resolution allows the company to migrate its listing from the BSE SME Platform to the Main Board of BSE Limited, National Stock Exchange of India Limited, or other recognized stock exchanges. This move could potentially increase the company's visibility and liquidity in the market.

Voting Process and Results

The postal ballot voting period ran from July 27 to August 25, with shareholders holding shares as of July 18 eligible to participate. The process saw robust engagement from shareholders:

  • Total shares: 10,331,200
  • Shares voted: 7,700,048 (74.53% participation)
  • Number of voting members: 32

Both special resolutions received unanimous approval, with 100% of the voting shareholders supporting the proposals. Notably, no votes were cast against either resolution.

Breakdown of Shareholder Participation

Category Shares Held Shares Voted % of Votes Polled
Promoter and Promoter Group 7,454,480 7,454,448 100.00
Public - Non Institutions 2,876,720 245,600 8.54
Total 10,331,200 7,700,048 74.53

The voting results highlight strong support from the promoter group, with nearly full participation, while the public non-institutional shareholders showed a lower but still significant engagement rate.

Implications and Next Steps

The approval of these resolutions opens new avenues for B Right Realestate Limited. The fund-raising capability could provide the necessary capital for expansion or debt restructuring, while the potential migration to a main board could enhance the company's market standing and attract a broader investor base.

Rinkesh Gala & Associates, a practicing company secretary firm, served as the scrutinizer for the postal ballot process, ensuring its integrity and compliance with regulatory requirements.

As B Right Realestate Limited moves forward with these shareholder-approved plans, market observers will be keen to see how the company leverages these opportunities for growth and enhanced market presence.

Historical Stock Returns for B Right Realestate

1 Day5 Days1 Month6 Months1 Year5 Years
+2.46%+8.59%+66.17%+19.66%+148.21%+170.78%
B Right Realestate
View in Depthredirect
like20
dislike

B-Right Realestate Strengthens Position with 85% Stake in Purple Realtors

1 min read     Updated on 05 Aug 2025, 05:13 PM
scanx
Reviewed by
Jubin VergheseScanX News Team
whatsapptwittershare
Overview

B Right Realestate Limited has increased its ownership stake in B-Right Purple Realtors Private Limited from 70% to 85%. The acquisition was made through its subsidiary, B-Right Realestate Ventures LLP, for a cash consideration of Rs. 15,000.00. The transaction was completed on August 5, 2025, and did not require regulatory approvals. B-Right Purple Realtors, incorporated in January 2024, operates in the real estate sector and reported a net worth of Rs. 93,300.00 for the fiscal year 2024-2025.

15939813

*this image is generated using AI for illustrative purposes only.

B Right Realestate Limited (BSE: 543543) has significantly bolstered its market presence by increasing its ownership stake in B-Right Purple Realtors Private Limited to 85%, according to a recent regulatory filing.

Acquisition Details

The company disclosed that its material subsidiary, B-Right Realestate Ventures LLP, has acquired an additional 15% stake in B-Right Purple Realtors Private Limited. This strategic move elevates B-Right Realestate's ownership from the previous 70% to a commanding 85% stake, representing a significant majority control position in the real estate company.

Transaction Specifics

The acquisition, completed on August 5, 2025, was executed through a cash consideration of Rs. 15,000.00. This transaction does not fall under related party transactions, and no governmental or regulatory approvals were required for its completion.

About B-Right Purple Realtors

B-Right Purple Realtors Private Limited, incorporated on January 9, 2024, operates in the real estate and development sector. The company, still in its early stages, reported the following financial metrics for the fiscal year 2024-2025:

Financial Metric Amount (in Rs.)
Turnover 0.00
Profit After Tax (6,700.00)
Net Worth 93,300.00

Strategic Implications

This acquisition aligns with B-Right Realestate's strategy to enhance its management and operational control in the real estate sector. By increasing its stake to 85%, the company is poised to exert greater influence over B-Right Purple Realtors' operations and potentially leverage synergies within its real estate portfolio.

Market Impact

The move underscores B-Right Realestate's commitment to expanding its footprint in the real estate market. As the industry continues to evolve, this strategic acquisition may position the company to capitalize on emerging opportunities and strengthen its competitive stance in the sector.

Investors and market watchers will likely keep a close eye on how this increased ownership translates into value creation for B-Right Realestate in the coming quarters.

Historical Stock Returns for B Right Realestate

1 Day5 Days1 Month6 Months1 Year5 Years
+2.46%+8.59%+66.17%+19.66%+148.21%+170.78%
B Right Realestate
View in Depthredirect
like17
dislike
More News on B Right Realestate
Explore Other Articles
417.00
+10.00
(+2.46%)