Emami Realty Limited has taken a significant step in its corporate governance process by approving material related party transactions with two companies. The Board of Directors, through resolutions passed by circulation on November 19, 2025, has given the green light to these transactions, which exceed the materiality thresholds set by the Securities and Exchange Board of India (SEBI) regulations.

Key Developments

Approval of Related Party Transactions

The Board has approved transactions with two entities:

• Orbit Projects Private Limited
• Swanhousing & Infra Private Limited

Regulatory Compliance

These transactions fall under the purview of Regulation 23(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, necessitating shareholder approval due to their material nature.

Shareholder Approval Process

The company will seek shareholder consent through a postal ballot and e-voting mechanism.

Regulatory Disclosure

In compliance with Regulation 30 read with Schedule III of the SEBI Listing Regulations, Emami Realty has informed the stock exchanges about these board resolutions. The company's commitment to transparency is evident in its timely disclosure of this material information.

Next Steps

The Board has approved the Notice of Postal Ballot/E-Voting to initiate the process of obtaining shareholder approval for these material related party transactions. This move underscores the company's adherence to corporate governance norms and its respect for shareholder rights in decision-making processes.

Investors and stakeholders should note that while the Board has approved these transactions, they remain subject to shareholder approval. The outcome of the postal ballot and e-voting will determine the final status of these material related party transactions.

Emami Realty's approach in seeking shareholder approval for these transactions demonstrates its commitment to maintaining high standards of corporate governance and transparency in its operations.

Emami Realty Limited , a prominent player in the real estate development sector, has announced its financial results for the second quarter and half-year ended September 30. The company reported a standalone net loss of ₹65.58 crores for Q2, compared to a loss of ₹13.21 crores in the same period last year.

Financial Performance

For the half-year period, Emami Realty's standalone net loss widened to ₹66.37 crores, up from ₹27.21 crores in the previous year. On a consolidated basis, the quarterly net loss increased to ₹35.54 crores from ₹13.27 crores last year, while the half-year consolidated loss stood at ₹63.45 crores against ₹27.09 crores previously.

The company's financial results reveal a challenging period:

Significant Impairment Provision

A notable aspect of the financial results is the significant impairment provision made by Emami Realty. During the half-year period, the company provided ₹55.88 crores as an impairment loss for loans given, based on an assessment of their realizable value. This provision has been included under Other Expenses in the financial results.

Operational Highlights

The company's revenue from operations showed improvement, increasing to ₹9.17 crores in Q2 from ₹5.06 crores in the same quarter last year. For the half-year, revenue from operations rose to ₹15.02 crores from ₹9.51 crores in the previous year.

Capital Raise and Equity Structure

On April 16, Emami Realty allotted 59,90,000 equity shares and 82,00,000 warrants convertible into fully paid-up equity shares to promoter group entities. This allotment was made on a preferential basis at ₹128.50 per share, with payment through conversion of unsecured loans. Following this allotment, the company's issued, subscribed, and paid-up equity share capital stands at ₹876.68 lakhs, divided into 4,38,33,889 equity shares of ₹2 each.

Management Commentary

Dr. Nitesh Kumar Gupta, CEO of Emami Realty Limited, stated, "While our operational revenue has shown improvement, the significant impairment provision has impacted our bottom line. We are actively working on strategies to strengthen our financial position and improve performance in the coming quarters."

The company continues to operate in a single business segment of Real Estate Development, focusing on enhancing its project portfolio and market presence.

Emami Realty's management remains committed to navigating the current challenges in the real estate sector and aims to leverage its strong brand presence to drive future growth.