Omaxe Subsidiary Sells 40% Stake in Aquarise Developers

Omaxe Limited's step-down wholly-owned subsidiary, Dinkar Realcon Private Limited, has entered into a Share Purchase Agreement to sell its entire 40% equity shareholding in Aquarise Developers Private Limited. The transaction, effective October 01, 2026, will result in Aquarise Developers ceasing to be an associate company of Dinkar Realcon. The sale involves 4,000 equity shares at ₹196 per share, totaling ₹7,84,000. The buyers are Mr. Bhupendra Singh (Director of Omaxe subsidiaries) and Mrs. Manju Singh (spouse of Mr. Bhupendra Singh). The transaction is considered a related party transaction but is being conducted on an arm's length basis.