The warrants, each convertible into one equity share, can be exercised within 18 months, with 25% of the issue price payable upfront. The proposal is subject to shareholder and regulatory approvals.
In the same meeting, the board appointed architect Ajeet Singh as additional and whole-time director for five years, effective 5 September 2025, pending shareholder approval.
Sunteck Realty is a Mumbai-based luxury real estate developer with a development portfolio of 52.5 million square feet across 32 projects.
The company reported a 46.75% rise in net profit to Rs 33.43 crore, despite a 40.45% decrease in revenue from operations to Rs 188.32 crore in Q1 FY26 over Q1 FY25.
"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."