B-Right Realestate Revives Stalled Housing Project and Announces Board Reshuffle

B-Right Realestate Limited, a prominent player in the Indian real estate sector, has announced a series of important developments. The company has not only revived a long-stalled housing project in Mumbai but has also undergone a board reshuffle, marking significant changes in its leadership and operational strategies.

The real estate firm has disclosed these developments in compliance with SEBI listing regulations, demonstrating its commitment to corporate transparency. The company has been proactive in keeping stakeholders informed about these significant changes, which are expected to have a substantial impact on its operations and the communities it serves.

Key Developments

Director Resignation - Mr. Anirudh Salla, a Non-Executive Director, has resigned effective November 5, 2025. He cited personal and unavoidable circumstances as the reason for his departure. - The company has scheduled a board meeting for November 13, 2025, to formally address Mr. Salla's resignation and consider the appointment of Mr. Prashant Shirsat as an Additional (Non-Executive Non-Independent) Director.

Upcoming Board Meeting - The board meeting is set to be held at the company's registered office in Mumbai at 4:30 P.M. - The agenda includes the review and approval of un-audited financial results for the half-year ending September 30, 2025, and the formal consideration of Mr. Salla's resignation.

Reviving a Stalled Housing Project

B-Right RMBD Realtors Private Limited, a step-down subsidiary of B-Right Realestate Limited, has signed a development agreement to redevelop a housing project in Andheri West, Mumbai. This project, originally launched in 2015, had been stalled for over a decade, affecting 33 families.

Project Details - Project Location: Andheri West, Mumbai - Property Area: Approximately 2,260 square meters - Estimated Gross Development Value: Rs. 256.00 crore - Number of Affected Families: 33 - Original Launch Year: 2015

Resolution and Impact B-Right RMBD Realtors has successfully negotiated settlements with previous developers, investors, and existing members to restart the redevelopment project. This move is expected to provide long-awaited relief to the society members and contribute to the enhancement of urban housing infrastructure in Andheri West.

Regulatory Compliance

The company disclosed this development to the BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure, dated November 4, 2025, follows an earlier related disclosure made on March 6, 2025.

Significance of the Project

This redevelopment initiative carries substantial social impact. It not only resolves a stalled housing project but also aims to revive community confidence in the area. By addressing the needs of families who have been waiting for over a decade, B-Right Realestate, through its subsidiary, is taking a step towards fulfilling its corporate social responsibility while potentially creating value for its stakeholders.

The revival of this project underscores the challenges faced in urban redevelopment and highlights the role that real estate companies can play in resolving long-standing housing issues in metropolitan areas like Mumbai.

Historical Stock Returns for B-Right Realestate

| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years | |-------|--------|---------|----------|--------|----------| | +0.83% | +3.93% | +15.12% | 0.0% | -4.07% | +137.01% |

These developments are expected to have a positive impact on the company's stock performance and overall market perception.