Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation of earlier disclosures made as on 19th February, 2025 and 13th May, 2025, B-Right Realestate has informed that Farewell Real Estate Private Limited - subsidiary of the Company has received first Tranche of Rs 45 crores and allotted 4,500 (Four Thousand Five Hundred Only) Optionally Convertible Debentures (hereinafter “OCDs”) having face value of Rs.1,00,000/- (Rupees One Lac Only) each, aggregating to Rs. 45,00,00,000/- (Rupees Forty-Five Crore Only). The Optionally Convertible Debentures are subscribed by Yogi Limited. With the new investment partners Yogi Limited, this funding should enable the company to start the project. The investment will be utilized exclusively for the development of Veer Sambhaji Nagar CoOperative Housing Society under Slum Rehabilitation (SRA) scheme at LBS Marg, Mulund (West), Mumbai 400080. The project, being developed under 33(10) DCPR 2034 guidelines, comprises a total land area of 18,271.70 sq. Mtr., with a slum rehabilitation component of 57,000.21 sq Mtrs. and a free sale component of 84,645 Sq. Mtr. The management expects the project to start within the next 6/9 months. The project is estimated Gross development Value (GDV) / Revenue of Rs. 2000 Crore. The transaction is subject to necessary approvals.
The above information is a part of company’s filings submitted to BSE.
