Approved the acquisition of equity shares of material subsidiaries i.e., 38.50% of M Hagwood

approved the acquisition of equity shares of material subsidiaries i.e., 38.50% of M/s Hagwood. Company, considered and approved the acquisition of following companies. 38.50% equity shareholding of Alliance Mall Developers Co. Pvt. Ltd. ('Alliance') from the other.

An acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.

• Consideration and how it is funded
• Revenue and profit of the target
• Expected completion date
• Develop Large scale Land Parcels for Mixed Use development with 75% of the Land to be developed as Residential (management committed by FY27)