Signature Global Board Approves ₹50 Crore Residential Project Acquisition

Signatureglobal (India) Limited's board of directors has formally approved two major transactions in continuation of the Securities Subscription and Purchase Agreement (SSPA) executed on February 14, 2026. The board meeting held on March 29, 2026, from 18:18 to 18:48 hours, finalized the acquisition of a residential project and equity transfer arrangements with RMZ.

Residential Project Acquisition from GCL

The board approved acquiring the residential project from Gurugram Commercity Limited (GCL), the company's wholly-owned subsidiary, for ₹50,00,00,000. The transaction involves transferring the complete residential development business on a going concern and slump sale basis through a Business Transfer Agreement and Joint Development Agreement.

Parameter: Details Transaction Value: ₹50,00,00,000 Land Area: 60 Kanal 02 Marla (7.513 acres) Location: Village Fazilpur, Jharsa, Sector 71, Gurugram FSI Rights: 16,42,484 square feet (30% of total FSI) Transfer Basis: Going concern and slump sale

The residential project encompasses development rights over land in Gurugram, Haryana, including all related assets, liabilities, employees, licenses, contracts, and approvals. The transaction includes 30% of the total floor space index available under Department of Town and Country Planning Licenses, translating to 16,42,484 square feet of FSI including Transferable Development Rights.

Equity Share Transfer to RMZ

Simultaneously, the board approved transferring 35,69,731 equity shares of GCL to Millennia Realtors Private Limited (RMZ). The shares, with a face value of ₹10.00 each, will be sold at ₹158.84 per equity share, generating total proceeds of approximately ₹56.70 crores.

Transaction Component: Value Number of Shares: 35,69,731 Price per Share: ₹158.84 Total Consideration: ₹56.70 crores Impact: GCL ceases to be wholly-owned subsidiary

This transfer represents the second component of RMZ's investment in GCL under the SSPA framework. Upon completion, GCL will no longer remain a wholly-owned subsidiary of Signature Global, with RMZ acquiring 50% stake in the entity.

Revised Investment Structure

The total consideration from RMZ has been revised upward from the initially agreed ₹1,283.00 crores to approximately ₹1,293.47 crores, based on closing-related adjustments. RMZ's investment structure comprises:

Primary subscription of securities in GCL: ₹1,236.77 crores

Purchase of existing securities from Signature Global: ₹56.70 crores

The regulatory filing confirms this transaction falls under related party transactions as GCL is a wholly-owned subsidiary, conducted at arm's length basis. The residential project acquisition strengthens Signature Global's direct development portfolio while bringing RMZ as a strategic partner in GCL's operations through the equity partnership structure.

Signatureglobal (India) Limited has issued a clarification to BSE Limited regarding the recent increase in trading volume of its equity shares, stating that the surge is purely market driven with no undisclosed price-sensitive information pending.

BSE Inquiry and Company Response

The clarification came in response to BSE Letter No. L/SURV/ONL/PV/APJ/2025-2026/999 received by the company on 25th March, 2026. The stock exchange had sought an explanation for the unusual increase in trading volume of the company's equity shares.

Parameter: Details Date of Response: 25th March, 2026 BSE Letter Reference: L/SURV/ONL/PV/APJ/2025-2026/999 Scrip Code: 543990 Signatory: M R Bothra, Company Secretary

Regulatory Compliance Confirmation

Company Secretary M R Bothra confirmed that Signature Global has made all necessary disclosures and announcements pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that there is no pending announcement or price-sensitive information that could have a bearing on the price or volume behavior of the scrip.

Market-Driven Volume Increase

The company's response indicates that the increased trading activity is attributed to normal market forces rather than any specific corporate development or undisclosed information. This clarification aims to address any concerns about potential information asymmetry or insider trading that might have contributed to the volume surge.

The formal communication was digitally signed by Company Secretary Meghraj Bothra and submitted to BSE's Corporate Relationship Department for record purposes, ensuring transparency in the company's regulatory communications.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.