Omaxe sells subsidiary to another group entity

Omaxe Limited has entered into a Sale and Purchase of Shares Agreement to divest its 100% equity shareholding in M/s Colors Real Estate Private Limited. The sale, valued at INR 23,33,00,000, transfers ownership to M/s Omaxe World Street Private Limited, which is also a wholly-owned subsidiary of Omaxe Limited. Following this transaction, M/s Colors Real Estate Private Limited will transition from a direct wholly-owned subsidiary to a step-down wholly-owned subsidiary of Omaxe Limited.

The transaction involves the sale of 10,000 equity shares at INR 23,330 each, with the expected completion date also being October 29, 2025. This internal restructuring is classified as a related party transaction but is executed on an arm’s length basis between Omaxe Limited and one of its wholly-owned subsidiaries.

M/s Colors Real Estate Private Limited contributed zero to Omaxe Limited's turnover, revenue, or income in the last financial year. Its net worth was reported as INR 20,781,324.