Sunteck Realty Successfully Acquires Tanirika Infrastructure for ₹22.40 Crore

Sunteck Realty, a prominent real estate developer, has successfully completed the acquisition of 100% stake in Tanirika Infrastructure Private Limited (TIPL) through a Share Purchase Agreement executed on April 24, 2026. The acquisition, valued at ₹22.40 crore, marks a significant strategic move for the company.

The acquisition of TIPL, which owns a prime property on Nepean Sea Road in South Mumbai, aligns with Sunteck Realty's development objectives. This strategic move complements the company's existing land holdings, part of which is already owned by Mithra Buildcon Private Limited, a wholly owned subsidiary of Sunteck Realty. The transaction enables Sunteck to consolidate its position and enhance its development capabilities in this prime Mumbai location.

### Transaction Overview

The acquisition was formally completed on April 24, 2026, with Sunteck Realty executing the Share Purchase Agreement to acquire complete ownership of Tanirika Infrastructure Private Limited. The company has informed both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) about this strategic acquisition under Regulation 30 of SEBI Listing Regulations.

| Parameter: | Details | |---------------------|------------------------| | Acquisition Date: | April 24, 2026 | | Stake Acquired: | 100% | | Enterprise Value: | ₹22.40 crore | | Transaction Type: | Share Purchase Agreement| | Status: | Wholly owned subsidiary |

### Target Company Profile

Tanirika Infrastructure Private Limited, incorporated on February 6, 2011, operates in the real estate industry with a paid-up capital of ₹1.00 lakh. The company has maintained a consistent annual turnover of ₹6.00 lakh over the past three years, from FY 2023-24 to FY 2025-26.

| Financial Details: | Amount | |---------------------|------------------------| | Paid-up Capital: | ₹1.00 lakh | | Annual Turnover: | ₹6.00 lakh | | Incorporation Date: | February 6, 2011 | | Country of Operations: | India |

### Strategic Rationale

The acquisition of TIPL is strategically aligned with Sunteck Realty's development objectives. The prime property on Nepean Sea Road, South Mumbai, is a valuable addition to the company's portfolio. This acquisition complements Sunteck's existing holdings, as part of the land parcel is already owned by Mithra Buildcon Private Limited. The transaction enables the company to consolidate its position and develop this prime Mumbai property more effectively.

### Regulatory Compliance

The acquisition was executed as a cash consideration transaction and does not fall under related party transactions. No governmental or regulatory approvals were required for completing this acquisition, facilitating a smooth transaction process.

Sunteck Realty Limited is listed on both the National Stock Exchange of India Ltd (Symbol: SUNTECK) and BSE Limited (Scrip Code: 512179). The announcement was digitally signed by Rachana Hingarajia, Company Secretary (ACS: 23202), on behalf of the company.

### Historical Stock Returns for Sunteck Realty

| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years | |-------|--------|---------|----------|--------|---------| | -1.42% | +3.82% | +21.88% | -18.97% | -14.74% | +25.86% |

The acquisition is expected to positively impact Sunteck Realty's financial performance and enhance its market position in the competitive real estate sector.