Sharanam Infraproject and Trading Ltd to Incorporate Wholly Owned Subsidiary in UAE for Real Estate Sector Participation

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sharanam Infraproject and Trading Limited’s Board of Directors has approved the incorporation of a Wholly Owned Subsidiary (WOS) in the United Arab Emirates (UAE). The subsidiary will focus on participating in the real estate sector in the UAE, with a specific emphasis on land arbitrage transactions. The Company aims to operate through a low-risk, asset-light structure, ensuring minimal exposure on the parent company’s balance sheet, quick capital rotation, and sustainable and scalable cash flows. The Company proposes to invest approximately AED 15.5 million to AED 18 million (equivalent to INR 35-40 Crores) over the next 6-9 months. This expansion marks a pivotal step in SIPTL’s broader strategy of entering global markets in a risk-managed manner and creating incremental value for shareholders.