The Board of Directors of the Company have executed Deed of Assignment of Development Rights on 14th May, 2026, for the assignment/transfer of development rights in the land underlying Stanrose Apartment Building admeasuring 1937.30 sq. mtrs. (“Land”), owned by the Company, situated at Kashinath Dhuru Marg, Chandrakant Dhuru Wadi, Dadar West, Mumbai- 400 028 to Prabhadevi Developer Private Limited ("Developer").  The Developer will develop a residential building ("Building") over the Land ("Project"). The consideration payable by the Developer to the Company for the Transaction is (i) Rs. 169,51,41,225/- (Rupees One Hundred and Sixty Nine Crores Fifty One Lakhs Forty One  Thousand Two Hundred and Twenty Five only) payable by the Developer to the Company in tranches as   provided in the Deed of Assignment in favour of the Developer; and (ii) allocation of a total area of 25,774.61 sq. ft. of residential RERA carpet area, spread over four flats and sixteen car parking spaces in the Building to be constructed by the Developer on the Land.