Sunteck Realty Limited has issued a comprehensive postal ballot notice dated 4 February 2026, seeking shareholder approval for critical corporate governance matters and subsidiary transactions through remote e-voting process.

Key Resolutions for Shareholder Approval

The company has proposed three resolutions for member consideration through the postal ballot process:

Independent Director Re-appointments

Both Mr. Chaitanya Dalal and Mr. Mukesh Jain were initially appointed as Independent Directors on 18 September 2021, with their first term concluding on 17 September 2026. The Nomination and Remuneration Committee has recommended their re-appointment based on performance evaluation.

Director Profiles and Expertise

Mr. Chaitanya Dalal (Age: 72 years)

• Practicing Chartered Accountant and Managing Partner of M/s. Chaitanya C Dalal & Co, Mumbai
• Extensive experience in statutory audits, tax audits, and internal audits of public sector undertakings
• Former Head of Accountancy Department at Bhavan's College, Mumbai for 25 years
• Holds certificates in ISO 9000 Lead Auditor's Course, Valuation, and Advanced International Taxation

Mr. Mukesh Jain (Age: 70 years)

• Law graduate from Shri Ram College of Commerce, New Delhi
• Nearly 49 years of experience, starting as a banker and currently practicing law
• Specializes in banking, real estate, tenancy, infrastructure, and insolvency laws
• Empaneled with several nationalized banks for legal advice

Both directors will be re-appointed for a second term of 5 consecutive years until 17 September 2031. The resolutions also include provisions for their continuation beyond age 75 years, as Mr. Dalal will turn 75 on 24 September 2028 and Mr. Jain on 15 October 2030.

Subsidiary Transaction Approvals

The third resolution seeks approval for transactions involving the company's subsidiaries related to a Dubai real estate project. The key transactions include:

Project Structure and Transactions

Dubai Project Details:

• Ultra luxury branded residential project located at Burj Khalifa Community, Downtown Dubai
• Development potential of approximately 1 million sq. ft.
• Joint venture with Grand Valley General Trading LLC

Key Transaction Limits:

Previous Transaction History

E-voting Process and Timeline

The company has engaged National Securities Depository Limited (NSDL) to provide e-voting facilities to all members. The postal ballot notice is being sent electronically to members whose email addresses are registered with the company, depositories, or registrar and transfer agent.

Important Dates

Scrutinizer and Compliance

Mr. Veeraraghavan N (CP No. 4334), Practicing Company Secretary, has been appointed as the Scrutinizer to conduct the postal ballot process and scrutinize votes in a fair and transparent manner. The results will be communicated to stock exchanges and uploaded on the company's website and NSDL's e-voting portal.

The Audit Committee and Board of Directors approved these transactions at their meeting held on 27 January 2026, noting that all transactions are conducted at arm's length basis and in the ordinary course of business. The company has confirmed that none of the promoters, directors, or key managerial personnel have any direct or indirect interest in the proposed transactions, except to the extent of their shareholding in the company.

Sunteck Realty has announced an ambitious development pipeline featuring multiple project launches across Mumbai's suburban markets over the next six months. The real estate developer is strategically positioning itself across key growth corridors in the Mumbai Metropolitan Region.

Upcoming Project Portfolio

The company's launch schedule includes several significant developments across prime suburban locations:

Strategic Market Approach

Sunteck Realty has adopted a cautious approach regarding financial targets for the upcoming fiscal year. The company has not established specific pre-sales targets for FY27, indicating a strategic decision to evaluate market conditions through yearly performance results before committing to concrete sales objectives.

Geographic Expansion Strategy

The planned launches demonstrate Sunteck Realty's focus on expanding its presence across established and emerging suburban markets. The projects span from established areas like Goregaon West and Andheri to developing corridors in Mira Road, Vasai, and Naigaon, reflecting a diversified geographic strategy within the Mumbai Metropolitan Region.

The company's decision to launch multiple projects simultaneously across different price segments and locations suggests confidence in the underlying demand across these suburban markets, while maintaining flexibility in target-setting based on market assessment.