STOCKWATCH
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Residential- Commercial Projects
Joint Venture27 Mar 2026, 07:01 pm

Landmark Property Development Company Ltd Settles ₹35 Crore Balance Space Booking Arrangement with Related Party Eterna Living Private Limited

AI Summary

Landmark Property Development Company Ltd has entered into a Refund and Settlement Agreement with its related party, Eterna Living Private Limited, for cancellation of the balance space booking arrangement and refund of the outstanding advance amounting to ₹35,26,15,047/. As per the terms of the agreement, the aforesaid amount will be refunded within six months from the date of execution, and an amount of ₹15,00,000/- has been received as part payment upon execution. This transaction has been approved by the Audit Committee, Board of Directors, and shareholders of the Company in accordance with applicable provisions of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.

Key Highlights

  • Landmark Property Development Company Ltd settles ₹35 crore balance space booking arrangement with related party Eterna Living Private Limited
  • Refund and Settlement Agreement executed between the Company and Eterna Living Private Limited
  • Eterna Living Private Limited to refund ₹35,26,15,047/- within six months
  • ₹15,00,000/- received as part payment upon execution of the agreement
  • Transaction approved by Audit Committee, Board of Directors, and shareholders of the Company
LPDC
Residential- Commercial Projects
LANDMARK PROPERTY DEVELOPMENT COMPANY LTD.

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