Repayment timeline for Rs. 27,11,15,047 refund extended to 31 March 2027
Amendment Agreement signed with Eterna Living Private Limited (a related party) on 29 October 2026.
By ScoutQuest · · 2 min read
- Refund due (original)
- Rs. 35,26,15,047
- Refund received so far
- Rs. 8.15 crore
- Outstanding refund / revised deadline
- Rs. 27,11,15,047 outstanding, repayable by 31 March 2027 (earlier 26 September 2026)
Landmark Property Development Company Ltd has told the exchanges that on 29 October 2026 it executed an Amendment Agreement with Eterna Living Private Limited, formerly known as Ansal Landmark (Karnal) Township Private Limited. The amendment changes one key commercial term of the Refund and Settlement Agreement dated 27 March 2026: the date by which the outstanding refund has to be paid back to the company.
What the original agreement provided
- Eterna Living undertook to refund an amount of Rs. 35,26,15,047 to the company.
- Against that amount, the company has received aggregate payments of Rs. 8.15 crore.
- This comprises Rs. 15 lakh received upon execution of the original agreement and a subsequent payment of Rs. 8,00,00,000.
- The balance of Rs. 27,11,15,047 remains outstanding.
What the amendment does
- It extends the timeline for repayment of the outstanding refund amount from 26 September 2026 to 31 March 2027.
- The balance of Rs. 27,11,15,047 is now to be repaid by 31 March 2027.
- All other terms and conditions of the original Refund and Settlement Agreement dated 27 March 2026 remain unchanged.
Why the extension was sought
- The extension has been granted pursuant to a request from Eterna Living Private Limited.
- The stated reason is delays in receipt of expected funds on account of pending Government approvals in relation to another group housing transaction.
Approvals and what the amendment does not do
- The Amendment Agreement was executed pursuant to the approval of the Members of the Company at their meeting held on 21 September 2026.
- The Amendment Agreement does not revive the cancelled space-booking arrangement or any allotment rights thereunder.
How to read this
- The update is about money coming back into the company, not about a new business transaction. It records that a receivable of Rs. 27,11,15,047 is still to be received, now with a later deadline.
- The counterparty is described in the update as a related party, and the disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The reason given for the delay is external: pending Government approvals connected with another group housing transaction, as stated by Eterna Living in its request.
- On the face of the update, the amount due, the payments already received and the other terms of the original agreement are unchanged; what has moved is the date of repayment.
Also from Landmark Property Development Company
Board meeting on 13 November 2026 to approve unaudited results for September quarter
3 Nov 2026
Refund deadline extended to 31 March 2027; Rs. 27,11,15,047 still outstanding
29 Oct 2026
More numbers
- Refund undertaken by Eterna Living under original agreementRs. 35,26,15,047/-
- Aggregate payments received by the companyRs. 8,15,00,000/-
- Amount received on execution of original agreementRs. 15,00,000/-
- Subsequent payment receivedRs. 8,00,00,000/-
- Balance refund outstanding, now due by 31 March 2027Rs. 27,11,15,047/-
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