Manas Properties Ltd

Regulation 74(5) status

• No dematerialisation/rematerialisation requests were received in the quarter ended 30 June 2026.
• Regulation 74(5) not applicable; entire holdings are in demat form.

Appointment of Company Secretary and Compliance Officer

• Ms. Khushboo Maheshwari appointed as Company Secretary and Compliance Officer effective 1 April 2026
• She will be Key Managerial Personnel and part of Senior Management
• Ms. Maheshwari is an Associate Member of ICSI since 2012 with a B.Com (Hons) degree
• She has experience in corporate laws, secretarial compliance, and regulatory coordination
• No relationship with any director of the company disclosed

Purpose of EGM

• Approval of material related party transaction with Dev Land & Housing Private Limited

Summary of Resolution

• One ordinary resolution for approval of material related party transaction
• Promoter and promoter group interested in the resolution
• Voting by remote e-voting and polling paper at EGM

Voting Outcome

• Resolution approved unanimously with 100% valid votes in favor
• No votes against the resolution
• Votes by promoters considered invalid due to interest

Impact on Shareholding/Control

• No change to shareholding pattern or control disclosed

Other Information

• Scrutinizer report issued by Kunal Sakpal of HSPN & Associates LLP
• Voting rights reckoned as on 24th March 2026
• EGM held on 30th March 2026 at registered office, Mumbai

Purpose of EGM

• Approval of material related party transaction with Dev Land & Housing Private Limited

Summary of Resolutions

• One ordinary resolution for approval of related party transaction with Dev Land & Housing Pvt Ltd
• Related parties including Mr. Vijay Thakkar abstained from voting on the resolution

Voting Outcome

• Voting conducted via remote e-voting and poll at the meeting
• Results to be announced within 2 days post EGM and disclosed to stock exchange

Board and Management Present

• Ms. Sony Keishing chaired the meeting due to conflict of interest of Mr. Vijay Thakkar
• Seven directors and one CFO attended including Managing Director Dev Thakkar

Purpose and Resolutions

• EGM seeks ordinary resolution for omnibus approval of related party transactions with Dev Land & Housing Pvt Ltd for FY 2026-27.
• Transactions include renting/leasing, management service fees, and sale/purchase of properties between Manas Properties and Dev Land.
• Aggregate limits set: renting/leasing and management fees up to ₹5 crore each way; sale/purchase of properties up to ₹25 crore each way; total up to ₹70 crore.

Related Party and Governance ️

• Promoter directors, including Mr. Vijay Thakkar and Mr. Dev Thakkar, are interested and will abstain from voting.
• Dev Land holds 97.36% promoter shareholding; no change in shareholding or control expected.
• Audit Committee reviewed and approved transactions; MD & CFO certified transactions are in company’s interest.
• Transactions are at arm’s length and in the ordinary course; no independent valuation obtained but pricing based on market rates.

Financial Impact and Transaction Details

• Proposed transactions represent 176.23% of Manas Properties’ FY 2024-25 consolidated turnover.
• Previous related party transactions with Dev Land totaled ₹7.35 crore in FY 2024-25 with no defaults reported.
• Transactions aim to optimize real estate asset utilization, operational efficiency, strategic expansion, and asset rationalization.

Other Information ️

• Remote e-voting available from 27th to 29th March 2026; physical voting at EGM also provided.
• No changes to board or management reported.