Landmark Property settles loan, ICD, and unit allotment with Saya Buildcon

Landmark Property Development Company Ltd has executed settlement and cancellation agreements with Saya Buildcon Consortium Pvt. Ltd. These agreements cover a Loan Agreement dated May 30, 2017, an Inter Corporate Deposit Agreement dated December 14, 2017, and the cancellation of nine commercial units in the 'Saya Zion' project. The settlement aims for a full and final resolution of all claims and obligations, including the withdrawal of legal proceedings. Principal monetary obligations were already discharged prior to the agreement execution. The company states this is in its commercial interest and is not expected to have a material adverse impact on its financial position or operations.