EMAMI Realty Approves ₹50 Crore Project Acquisition from Orbit Abasan

Board Moves to Acquire Development Rights from Related Entity

Emami Realty Limited's Board of Directors held a meeting on February 23, 2026, at the company's registered office in Kolkata, approving material related party transactions that require shareholder approval. The key decisions include approving material RPTs with Orbit Abasan Private Limited for exclusive development rights acquisition.

Acquisition Terms

The second resolution approved a material related party transaction with Orbit Abasan Private Limited for the acquisition of project undertaking up to an aggregate limit of ₹50,00,00,000, expanding Emami Realty's project portfolio and business operations. Orbit Abasan Private Limited is a related party in which the company's MD & CEO serves as a director.

Shareholder Approval Process

The company's Board of Directors initiated the postal ballot process on February 23, 2026, seeking shareholder approval for strategic financial restructuring and business expansion initiatives. The voting period commenced on February 26, 2026, at 10:00 AM and concluded on March 27, 2026, at 5:00 PM.

Shareholder Decision

Emami Realty Limited successfully concluded its postal ballot process on March 27, 2026, with shareholders overwhelmingly approving two material related party transactions. Both resolutions received 99.82% approval from participating shareholders, demonstrating strong support for the company's strategic initiatives.

About Emami Realty

Emami Realty, the real estate arm of Emami Group was incorporated in 2006 and has been amalgamated in July 2016 with Emami Infrastructure Ltd., a company listed with NSE & BSE. The company has a pan India presence with over 3.6 crore Sq. Ft development at different stages of planning, construction and delivery across West Bengal, Uttar Pradesh, Tamil Nadu, Andhra Pradesh, Orissa, Maharashtra and Sri Lanka.