Sunteck Realty approves warrants, appoints new whole-time director

On September 5, 2025, Sunteck Realty's board of directors approved the issuance of 11,764,705 convertible warrants at an issue price of INR 425/- per warrant, totaling INR 4,999,999,625. These warrants will be allotted through a preferential basis to promoter/promoter group and non-promoters, subject to shareholder and regulatory approvals. The warrants are convertible into one equity share each, with a face value of INR 1/- and a premium of INR 424/-.

Seven investors will receive these warrants, including Samagra Wealthmax Private Limited (1,764,705 warrants), Glint Infraprojects Private Limited (1,176,470 warrants), Bhuwalka Steel Industries Limited (4,882,353 warrants), Utpal Hemendra Sheth (1,411,765 warrants), Mukul Mahavir Agrawal (1,764,706 warrants), BW South Asia, Ltd. (411,765 warrants), and NTAsian Discovery Master Fund (352,941 warrants). Warrants will be allotted upon payment of 25% of the issue price, with conversion exercisable within 18 months upon full payment.

Additionally, the board appointed Mr. Ajeet Singh as an additional and whole-time director for a five-year term, effective September 5, 2025. This appointment is also subject to shareholder approval at the upcoming annual general meeting. Mr. Singh, 52, is an architect with 30 years of experience in architecture and real estate development.