Malani Ventures Creates Pledge on 5,80,000 Equity Shares of B-Right Realestate Limited

Malani Ventures Private Limited has announced the creation of a pledge on 5,80,000 equity shares of B-Right Realestate Limited in favor of HDFC Bank Limited for working capital purposes. The transaction, executed on March 20, 2026, increases the company's encumbered shareholding from 17.62% to 23.23% of total share capital while maintaining its overall promoter holding at 24.46%.

The pledge creation transaction was executed on March 20, 2026, involving shares that have been encumbered in favor of HDFC Bank Limited for working capital purposes. This corporate action represents a significant increase in the encumbered shareholding of the promoter group.

The pledge creation has resulted in a notable change in Malani Ventures' encumbered shareholding structure in B-Right Realestate Limited. The company's total promoter holding remains unchanged, but the proportion of encumbered shares has increased substantially. The table below summarizes the changes:

| Shareholding Details: | Before Creation | After Creation | |-----------------------|-----------------|----------------| | Total Promoter Holding: | 2,527,200 shares (24.46%) | 2,527,200 shares (24.46%) | | Encumbered Shares: | 1,820,000 shares (17.62%) | 2,400,000 shares (23.23%) | | Newly Pledged Shares: | - | 5,80,000 shares (5.61%) |

The disclosure was signed by Paras Hansrajhbhai Desai, Director of Malani Ventures Private Limited (DIN: 07302022), and submitted to the listing department of BSE Limited. The company has also copied B-Right Realestate Limited's Company Secretary on this disclosure, ensuring all relevant stakeholders are informed of the pledge creation.

Malani Ventures Private Limited (CIN: U64990MH2011PTC213254) operates from its registered office located at 702, 7th Floor, Shah Trade Centre, Rani Sati Marg, Mumbai, Malad East, Maharashtra. The company continues to maintain its position as a promoter group entity in B-Right Realestate Limited, which is listed on BSE Limited under scrip code 543543.

B-Right Realestate Limited has also recently incorporated a wholly owned subsidiary, Brightsky Luxespace Private Limited, on March 16, 2026. The subsidiary has been established with an authorized capital of Rs. 10.00 lakh and a paid-up capital of Rs. 1.00 lakh. The subsidiary will focus on real estate development projects and currently has no operational history as a newly incorporated entity. The transaction involved 100% cash subscription and does not constitute a related party transaction.

The newly incorporated subsidiary, Brightsky Luxespace Private Limited, has been registered with CIN U68100MH2026PTC469450 and has its registered office in Mumbai. The subsidiary's capital structure reflects a focused approach to real estate development, with 10,000 equity shares at a face value of Rs. 10 per share. The primary objectives of Brightsky Luxespace are centered on the development of real estate projects.

The incorporation required no additional governmental or regulatory approvals beyond standard company registration procedures. The subsidiary received its Certificate of Incorporation on March 16, 2026, from the Registrar of Companies, completing the establishment process. The disclosure was signed by Bhagyashree Mehadia, Company Secretary & Compliance Officer, ensuring compliance with SEBI listing regulations and maintaining transparency with stakeholders regarding this corporate restructuring initiative.