Hampton Sky Realty exits Finton Homes, targets debt reduction

Hampton Sky Realty Limited (formerly Ritesh Properties and Industries Limited) has approved its exit from Finton Homes, a partnership firm, effective December 26, 2025. The company held a 55% stake in Finton Homes, which focused on affordable housing projects. This divestment aims to address liquidity constraints from non-moving inventory and reduce significant debt obligations totaling INR 5721.41 Lacs as of September 30, 2025. The proceeds will primarily be used to repay outstanding liabilities, positioning the company to become substantially debt-free.

The fair value of Hampton Sky Realty's stake in Finton Homes was determined to be INR 7491.55 Lacs. The total consideration payable to Hampton Sky Realty, after adjustments, is INR 5222.29 Lacs. This amount will be discharged through a cash payment of INR 4800.72 Lacs and the transfer of land and building located at Hampton Homes, Ludhiana, fair-valued at INR 421.57 Lacs.

The transaction is classified as a related party transaction, as the remaining partners, Mr. Hemant Sood and Mr. Chander Shekar, are considered related parties. Mr. Hemant Sood is also part of the promoter group. The transaction, approved by shareholders on December 18, 2025, is being conducted at arm's length, based on fair values determined by independent valuers.