Oberoi Realty Limited has announced the resignation of Mr. Nimit Gala from his position as General Manager-Investor Relations, effective December 12, 2025. The company made this disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Gala submitted his resignation letter on September 19, 2025, addressed to Mr. Saumit Daru, Group Chief Financial Officer of Oberoi Realty Limited. In his resignation letter, he stated his intention to resign from the position of General Manager-Investor Relations to explore better prospects.

Regulatory Compliance

The disclosure was made in compliance with SEBI master circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company secretary, Bhaskar Kshirsagar, signed the regulatory filing on December 12, 2025, ensuring adherence to the mandatory disclosure requirements for senior management personnel changes.

Company Information

Oberoi Realty Limited operates from its registered office at Commerz, 3rd Floor, International Business Park, Oberoi Garden City, Off Western Express Highway, Goregaon (E), Mumbai-400063. The company's shares are listed on both BSE Limited (Scrip Code: 533273) and National Stock Exchange of India Limited (Symbol: OBEROIRLTY).

Oberoi Realty has announced a significant move in its real estate portfolio, entering into a Development Agreement for a prime property in Mumbai. The company disclosed this information in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Development Agreement

Project Implications

The agreement marks a strategic expansion for Oberoi Realty in one of Mumbai's most prestigious locations. Nepean Sea Road is known for its high-value real estate, suggesting that this project could be a significant addition to the company's luxury property portfolio.

Regulatory Compliance

Oberoi Realty has emphasized that the project's development will adhere to the Development Control Promotion Regulations for Greater Mumbai, 2034, along with other applicable laws. This commitment underscores the company's focus on regulatory compliance in its expansion efforts.

Market Impact

While the financial terms of the agreement were not disclosed, the acquisition of development rights in such a prime location could potentially bolster Oberoi Realty's position in Mumbai's luxury real estate market. The estimated 1.18 lakh square feet of free sale component represents a substantial addition to the company's developable area in a high-value zone.

Investors and market watchers will likely keep a close eye on how this development impacts Oberoi Realty's future project pipeline and financial performance. The company's ability to execute high-end projects in premium locations has been a key factor in its market reputation.

As the project progresses, more details about its design, target market, and potential revenue impact may emerge, providing clearer insights into its significance for Oberoi Realty's long-term growth strategy.