B-Right Realestate Ltd

B-Right Realestate Limited trading window closes from October 01, 2026 until 48 hours after the declaration of Unaudited Standalone and Consolidated Financial Results for the Half Year ending 30th September 2026.

Key developments

• Award: Excellence in Urban Renewal & Redevelopment at GROHE Hurun India Real Estate Leadership Conclave 2026.
• FY27 Q1 pre-sales value ₹180.94 crore, up 128% YoY.
• FY27 Q1 collections ₹43.13 crore, up 151% YoY.
• FY27 commenced on a strong note with robust financial and operational performance.
• Company focused on sustainable growth and value creation.

Acquisition details

• Target: B-Right Bombay Highlines Developers Private Limited, real estate developers, Mumbai, India.
• Acquirer: B-Right Realestate Ventures LLP, holding 49% prior, now 80% post-acquisition.
• Additional stake acquired: 31%.
• Cash consideration: Rs. 31,000.
• Indicative completion date: 02 September 2026.
• Regulatory approvals: Not Applicable.
• Background: Incorporated 18 July 2024; FY25-26 turnover Nil; PAT Rs 5,900; Net worth negative Rs 94,100.

Logo change and branding update

• Company announced change of logo and unveiled a new brand identity.
• New logos will appear on the company website.
• Intimation filed under Regulation 30 of SEBI LODR.
• Signed by Company Secretary Bhagyashree Mehadia; Mumbai.
• No stated impact on operations or finances.

AGM details

• In-person AGM held on 14 August 2026 at 4:00 PM IST in Mumbai
• Record date 7 August 2026; share transfer books closed 7–13 August 2026

Resolutions and outcomes

• Resolution 1: Adoption of standalone and consolidated financial statements; passed 100% in favour
• Resolution 2: Re-appointment of Sanjay Shah as director; passed 100% in favour
• Resolution 3: Regularize Prashant Shirsat as director; passed 100% in favour
• Resolution 4: Close fixed deposit scheme; passed 100% in favour
• Resolution 5: BRRL ESOP 2026 for employees; passed 100% in favour
• Resolution 6: ESOP 2026 for subsidiary/holding/associate employees; passed 100% in favour
• Resolution 7: PSU 2026 for performance-based stock units; passed 100% in favour
• Resolution 8: PSU 2026 for subsidiary/associate employees; passed 100% in favour

Directors changes

• Sanjay Shah reappointed by rotation; regularization resolutions passed
• Prashant Shirsat regularized as Non-Executive Non-Independent director; passed

Other material approvals

• ESOP and PSU schemes approved for employees and subsidiaries
• FD closure approved

Vision & portfolio scale

• Vision 2033 positions B-Right as Mumbai redevelopment platform focused on long-term urban renewal.
• Portfolio: 30 projects, 18 neighborhoods, 4.7 million sq ft saleable area.
• Current execution: ₹1,445 Cr in development value across 9 projects.
• Upcoming pipeline: ₹10,657 Cr across 21 projects; cum revenue ₹12,102 Cr.
• Sky54 flagship: 650,000 sq ft; GDV ₹1,950 Cr; 16% of platform.

Capital plan & financing

• Total capital raised planned: ₹3,700 Cr; debt ₹3,000 Cr (81%), equity ₹700 Cr (19%).
• Equity raises scheduled in FY28, FY30, FY32; dilution cap ≤4% per issue.
• FY28: 5 lakh shares; ₹100 Cr equity; ₹100 Cr debt.
• FY30: 6 lakh shares; ₹180 Cr equity; ₹320 Cr debt.
• FY32: 7 lakh shares; ₹420 Cr equity; ₹430 Cr debt.
• Promoter holding target above 60%.
• Funding allocated to redevelopment, acquisitions, and construction; project-level debt favored.

Projects & outlook

• Four projects advancing to construction: Luxorica Malad West; Ambika Nagar Jogeshwari East PTC; Safalya Andheri West.
• Launching next two quarters: Meraki Jogeshwari West; Ultra Tower Dadar West; Oscar Andheri West; Sharda Dahisar East.
• Grandeur Malund West: 838,000 sq ft saleable; GDV ₹2,095 Cr.
• Sky54 remains anchor with 16% of platform contract value.
• Portfolio scope: 18 neighborhoods, 30 communities under development, across Mumbai.
• Revenue visibility: ongoing ₹1,445 Cr (9 projects); upcoming ₹10,657 Cr (21 projects); cum ₹12,102 Cr.
• Funding approach: debt-led growth financed by customer collections and operating cash flows.

AGM details

• Date and time: 14 August 2026, 04:00 PM
• Mode: Physical meeting at Westin Grand Ballroom, Goregaon East, Mumbai
• Remote e-voting: 11–13 August 2026 (10:00 AM–5:00 PM)
• Ballot voting available at AGM for non-e-voting members
• Quorum present; meeting called to order by Chairman

Resolutions put to vote

• Ordinary: adopt audited standalone and consolidated financial statements for year ended Mar 31, 2026
• Ordinary: reappoint Sanjay Nathalal Shah as Director liable to retire by rotation
• Special: regularize Additional Director Prashant Shirsat as Director
• Special: approve closure of the Fixed Deposit Scheme
• Special: approve BRRL-ESOP Scheme 2026 for company employees
• Special: approve BRRL-ESOP Scheme 2026 for subsidiary/holding/associate employees
• Special: approve BRRL-PSU 2026 for company employees
• Special: approve BRRL-PSU 2026 for subsidiary employees

Voting outcomes

• Voting results to be uploaded on the company's website and filed with BSE within two working days
• Statutory Auditors' Report had no qualifications or adverse remarks

Director changes

• Reappointment of Sanjay Nathalal Shah as Director liable to retire by rotation
• Regularization of Additional Director Prashant Shirsat as Director

Acquisition details

• Target: Tattva & Mittal Developers Private Limited; Real Estate and Developers, Mumbai, India.
• Turnover FY23-24: Nil; PAT: Rs 20,000 loss; Net worth: Rs (2,37,200).
• Not a related party transaction.
• Industry: Real Estate and Developers.
• Purpose: gain 100% ownership and operational control; acquire Malad West project at Kachpada.
• Regulatory approvals: Not Applicable.
• Indicative completion: August 13, 2026.
• Consideration: Cash.
• Price: Rs 1,00,000.
• Acquired stake: 100% (existing 0%, post 100%).
• Background: Incorporated 6 Nov 2015; Mumbai; Real Estate and Developers; FY23-24 turnover Nil.

Project update

• MoU signed by B-Right Bombay Highlines Developers Private Limited for Bhagat Singh Nagar SRA project at Borivali.
• Site area 10,008 sq m; total sale area ~5 lakh sq ft; GDV ₹1,600 crore.
• Disclosure filed with stock exchange under SEBI LODR Regulation 30.

AGM notice details

• Newspaper advertisement confirms 19th AGM and e-voting information; published 25 July 2026.