Sunteck Realty Approves Scheme of Arrangement with Subsidiary

Sunteck Realty Ltd. announced that its Board of Directors has approved a Scheme of Arrangement with its wholly-owned subsidiary, Satguru Corporate Services Private Limited. The scheme involves the demerger and consolidation of Satguru's "Sunteck City 4th Avenue Undertaking" into Sunteck Realty on a going concern basis. This internal reorganization aims to consolidate the business undertaking, achieve administrative and operational efficiencies, and facilitate better pooling and deployment of financial and managerial resources. The demerged undertaking contributed approximately ₹869 Crores, representing about 77% of Sunteck's total consolidated turnover for the financial year ended March 31, 2026. The scheme is subject to statutory and regulatory approvals, including from the National Company Law Tribunal. There will be no change in the shareholding patterns of either company as it is an internal restructuring without share issuance.