Citadel Realty Board Approves Land Transfer to Related Party

Citadel Realty and Developers Ltd announced that its Board of Directors, in a meeting held on August 25, 2026, approved the transfer of a freehold land parcel measuring 1880.80 Sq.mt in Bhandup to Shree S S Infra Developers Private Limited, a related party. The transaction, subject to shareholder approval, is valued at market or stamp duty value and represents approximately 30% of the company's preceding financial year's consolidated turnover. The Board also approved a revised notice for the Annual General Meeting. The transaction is considered part of the business strategy to improve cash flow and enhance shareholder value, conducted on an arm's length basis.