Consortium MOU addendum: Mathura land revised to 15,548 sq yards, consideration revised to ~₹46.64 crore
Addendum dated 05.09.2026 to the Consortium MOU with Shri Vrinda Infracon Pvt Ltd: land at ATV Nagar, Mathura measured 15,548 sq yards against 15,918 agreed, so consideration is revised from ~₹47.75 crore to ~₹46.64 crore.
By ScoutQuest · · 1 min read
- Revised land area
- 15,548 sq yards
- Revised consideration
- ~₹46.64 crore
- Consideration reduction
- ₹1.11 crore
What was announced
- The board of the company met on 27.10.2026 and took note of a subsequent development in the consortium MOU between Shri Vrinda Infracon Private Limited (described in the update as the Developer) and the company.
- A Supplementary Agreement (Addendum) dated 05.09.2026 has been entered into to the registered Consortium Memorandum of Understanding with Shri Vrinda Infracon Pvt. Ltd., incorporating the revised terms.
- This follows a joint measurement during the development of land at ATV Nagar, Mathura.
The revised land area
- Agreed area: 15,918 sq yards
- Difference found on joint measurement: 370 sq yards
- Revised area: 15,548 sq yards
The revised consideration
- Earlier consideration: ~₹47.75 crore
- Revised consideration: ~₹46.64 crore
- Reduction: ₹1.11 crore
Other points recorded in the update
- The parties have mutually decided not to execute a separate Development Agreement.
- Whether the parties are related to the promoter/promoter group/group companies: No.
- Whether the transaction would fall within related party transactions: No.
- Shareholding in the entity, significant terms such as special rights, and issue of shares are marked as not applicable.
In simple words
The company already had a consortium understanding with Shri Vrinda Infracon for land at ATV Nagar, Mathura. A fresh joint measurement showed the plot is 370 sq yards smaller than the area originally agreed. Because the area is smaller, the consideration in the arrangement is also lower by ₹1.11 crore. The two sides have recorded this change through an addendum to the registered MOU, and they have mutually decided not to execute a separate Development Agreement.
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Board meeting on 27 October 2026 to consider and adopt unaudited results
19 Oct 2026
More numbers
- Agreed area under the MOU15,918 sq. yards
- Area difference found on joint measurement370 sq. yards
- Revised area15,548 sq. yards
- Consideration before revision₹47,75,40,000
- Revised consideration₹46,64,40,000
- Reduction in consideration₹1,11,00,000
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