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Residential- Commercial Projects
Loan & Debt12 Aug 2026, 07:10 pm

Landmark Property Board Approves Eterna Living Debt Extension

AI Summary

Landmark Property Development Company Ltd's Board of Directors has approved a proposal to extend the repayment timeline for Eterna Living Pvt Ltd. Eterna Living owes Landmark Property ₹35,11,15,047 under a Refund and Settlement Agreement dated March 27, 2026. Eterna has requested an extension until March 31, 2027, and has submitted a cheque for ₹8,00,00,000 as part-payment, reducing the outstanding balance to ₹27,11,15,047. This extension is subject to the approval of Landmark Property's shareholders at the upcoming Annual General Meeting.

Key Highlights

  • Board approved extension for Eterna Living's debt repayment.
  • Repayment timeline extended to March 31, 2027.
  • Part-payment of ₹8 Cr received, balance ₹27.11 Cr.
  • Shareholder approval required at ensuing AGM.
  • Extension subject to members' approval and documentation.