Sunteck Realty Acquires Majority Rights in Dubai Project Subsidiaries

Sunteck Realty Ltd. announced that its wholly owned step down subsidiary, Sunteck Lifestyles Limited (SLL), has entered into a Supplemental Agreement to the Joint Venture Agreement dated 27th October, 2025 with the Grand Valley General Trading LLC (Joint Venture Partner) and GGICO Sunteck Limited (GGICO Sunteck / Joint Venture Company). This agreement has led to the execution of a Project Development Agreement on 28th October, 2025, granting SLL the right to appoint majority of the Directors on the Board of GGICO Sunteck. Additionally, SLL has entered into a Supplemental Joint Development and License Agreement dated 27th October, 2025 with the Joint Venture Partner, GGICO Sunteck, Revi Realty Real Estate Development LLC (Developer), and Sunteck Mas Real Estate Development LLC (Sunteck Mas / Development Company). This agreement has resulted in the execution of a Project Development Agreement on 28th October, 2025, giving SLL the right to appoint majority members on the project execution committee of Sunteck MAS (Development Company of Dubai). Consequently, GGICO Sunteck and Sunteck Mas have become subsidiaries of SLL (wholly owned step-down Dubai subsidiary of the Company) and hence have also become subsidiaries of Sunteck Realty Ltd.