Signatureglobal (India) Ltd. Approves Acquisition of Residential Project and Transfer of Shares in Subsidiary

Signatureglobal (India) Ltd. announced the outcomes of its board meeting held on 29th March, 2026. The company has approved the acquisition of a residential project from its subsidiary, Gurugram Commercity Limited (GCL), for a lumpsum consideration of Rs. 50,00,00,000. The acquisition is pursuant to a Securities Subscription and Purchase Agreement (SSPA) and will be effective through a Business Transfer Agreement (BTA), Joint Development Agreement, and other related documents. Additionally, the board approved the transfer and sale of 35,69,731 equity shares of GCL to Millennia Realtors Private Limited (RMZ) at a price of Rs. 158.84 per share, which will result in GCL ceasing to be a wholly-owned subsidiary of the company. The total consideration for this transfer is approximately Rs. 56.70 crores. The revised consideration for RMZ to acquire 50% of GCL's share capital is up to ~Rs. 1293.47 crores.