Step-down subsidiary enters Share Purchase Agreement to sell entire 40% stake in Aquarise Developers

M/s Dinkar Realcon Private Limited, a step-down wholly owned subsidiary, entered into a Share Purchase Agreement on October 01, 2026 to sell its entire 40% equity shareholding in M/s Aquarise Developers Private Limited.

Thu 1 Oct 2026

Stake sold

entire 40% equity shareholding in M/s Aquarise Developers Private Limited

Shares sold

4,000 equity shares of Rs. 10/- each

Sale price

Rs. 196/- per equity share

Total consideration

Rs. 7,84,000/-

Associate contribution

Turnover/revenue/income and net worth contributed by the associate in the last financial year: Nil

What has been announced

Omaxe Limited has informed the exchanges that M/s Dinkar Realcon Private Limited, a step-down wholly owned subsidiary of the company, has, on October 01, 2026, entered into a Share Purchase Agreement for the sale of its entire 40% equity shareholding in M/s Aquarise Developers Private Limited.

Consequent to this transaction, M/s Aquarise Developers Private Limited shall cease to be an Associate Company of M/s Dinkar Realcon Private Limited. The expected date of completion of the sale/disposal is stated as October 01, 2026.

Deal size and price

• 4,000 equity shares of Rs. 10/- each are being sold, representing 40% of the total paid-up equity share capital of M/s Aquarise Developers Private Limited.
• The sale price is Rs. 196/- per equity share.
• 3,900 equity shares are being sold to Mr. Bhupendra Singh for a consideration of Rs. 7,64,400/-.
• 100 equity shares are being sold to Mrs. Manju Singh for a consideration of Rs. 19,600/-.
• The total consideration for the sale of the aforesaid 4,000 equity shares amounts to Rs. 7,84,000/-.

Who the buyers are

Mr. Bhupendra Singh, the buyer of 3,900 equity shares, is a Director of subsidiary companies of Omaxe Limited. Mrs. Manju Singh, the buyer of 100 equity shares, is the spouse of Mr. Bhupendra Singh.

Contribution to the company's financials

The amount and percentage of the turnover, revenue or income, and the net worth, contributed by the associate company during the last financial year is stated as Nil.

Related party angle

The update states that the transaction falls within the ambit of a related party transaction of M/s Dinkar Realcon Private Limited, and that the transaction is being undertaken on an arm's length basis.

Other details in the disclosure

• The sale or disposal of the undertaking is not outside a Scheme of Arrangement.
• The slump sale disclosure column is marked Not Applicable.

How a retail investor can read this

This is a disclosure of a stake sale by a step-down subsidiary in an associate company. The entire 40% holding of 4,000 equity shares is being sold at Rs. 196/- per equity share for a total of Rs. 7,84,000/-. The associate is stated to have contributed Nil to turnover/revenue/income and net worth in the last financial year. The buyers include a Director of subsidiary companies of Omaxe Limited and his spouse, and the transaction is described as a related party transaction carried out at arm's length.

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