Uniphos Enterprises Ltd to Enter Realty Business, Acquires Mrugal Properties

Uniphos Enterprises Ltd's Board of Directors has approved a significant strategic shift, including entering the real estate development business. This move involves altering the company's Memorandum of Association to facilitate real estate activities. The company also approved the acquisition of 100% equity share capital of Mrugal Properties Limited, an unlisted entity, to support its new real estate ventures. Additionally, Mr. Girish Goenka has been appointed as the Chief Executive Officer (CEO) to lead the new business initiative. The Board also reviewed and approved the unaudited financial results for the quarter and half-year ended September 30, 2026. The company owns land parcels with development potential and plans to explore value-accretive options in the real estate sector.