Standard Industries has informed that this is with refer to letter dated 12th May, 2026 vide which they had intimated the exchanges of the proposed assignment / transfer of Development rights of Freehold land and building of Standard Industries (Company) to Prabhadevi Developer Private Limited (Developer). The Board had approved the assignment/ transfer of development rights in the land underlying Stanrose Apartment Building situated at Kashinath Dhuru Marg, Chandrakant Dhuru Wadi, Dadar West, Mumbai- 400028 owned by the Company to the Developer vide Board Resolution dated 12th May 2026. The Deed of Assignment of Development Rights has now been executed on 14th May 2026. The details as required under Regulation 30 - Para B of Part A of Schedule III of the SEBI LODR read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026 is enclosed as Annexure - I.
The above information is a part of company’s filings submitted to BSE.
