NSECopy of Newspaper Publication3h ago · 17 Sept 2026, 11:21 am

Copy of Newspaper Publication

Sunshine Pictures Limited · SUNSHINE

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Sunshine Pictures Limited has informed the Exchange about Copy of Newspaper Publication regarding the state government's decision to stop 80 redevelopment projects in the Vasai-Virar City area, affecting over 1,000 homebuyers and investors, and the proposed centres could enable more than 1,000 young men and women in each revenue division to establish micro and small businesses every year.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk3/10
Liquidity Impact4/10
Market Sentiment2/10

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Sunshine Pictures Limited has informed the Exchange about Copy of Newspaper Publication

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mumbai www.freepressjournal.in Mumbai, Thursday, September 17, 2026 VVCMC stops OCs, 80 174 acres govt SP MLA urges grazing land: govt to upskill redvpt projects stall SIT to probe minority youth irregular transfer Manoj Ramakrishnan Kurla stn MUMBAI Danish Azmi BJP MLA seeks CM’s intervention; residents face freed of KALYAN Samajwadi Party MLA Rais uncertainty after vacating homes for redevelopment hawkers Shaikh has urged the state The state government has government to establish constituted a Special Kirti Kesarkar IN BRIEF ate stay on the restrictions The BMC carried out a Minority Entrepreneurship major anti-encroachment Investigation Team (SIT) VASAI-VIRAR imposed after the civic body's and Business Incubation 1 drive against illegal headed by Konkan Divisional review. He has also demanded Centres in all six revenue divi- Projects stalled were hawkers and stalls on Commissioner to probe the More than 80 redevelopment that projects facing technical sions to support minority approved between footpaths in the Kurla alleged irregular transfer of projects in the Vasai-Virar City deficiencies be given an oppor- youth. He pointed out that the 2020 and 2025 West railway station area, around 174 acres and 22 gun- Municipal Corporation tunity to regularise them Maharashtra Research and 2 along LBS Road and thas of government grazing (VVCMC) area have stalled Civic body says through premium payments or Training Institute, intended to Kajupada, as part of its (Gurcharan) land across six after the civic body stopped action taken where Transferable Development serve the minority commu- ‘Pedestrian First’ villages in Kalyan. granting Occupation additional FSI was Rights (TDR) mechanisms. nity, had not yet become campaign. Action was The inquiry covers alleged Certificates (OCs) and register- allegedly sanctioned in The MLA has further sought operational for providing taken against juice conversion of land in ing documents for projects violation of regulations independent action against training due to inadequate centres, stalls and Mangaon, Kole, Katai, where additional Floor Space 3 officials, architects and devel- funding. temporary structures, Gharivali, Sandap and Index (FSI) was allegedly sanc- These projects have opers found responsible for In a letter to Deputy Chief with encroachments Usarghar from Occupancy tioned in violation of regula- also been stopped violations. The financial expo- Minister and Minority Class-II to Class-I and subse- tions. from carrying out sure linked to the stalled pro- demolished. Development Minister quent sale to developers and The projects, approved additional construction jects is reportedly running into Sunetra Pawar, Shaikh said other institutions. between 2020 and 2025, have work thousands of crores of rupees, Judicial employees protest the proposed centres could The revenue department also been stopped from carry- raising concerns for citizens, enable more than 1,000 young has issued a Government ing out additional construction tion, citing concerns over the homebuyers, investors and men and women in each rev- Resolution (GR) directing work. The VVCMC has written impact of the restrictions on lending institutions. over pay parity with HC staff enue division to establish the SIT to examine the orig- to the District Registrar seeking residents, homebuyers, inves- The VVCMC's restrictions micro and small businesses inal land records, the proce- to prevent registration of sale tors and banks. He has stem from its finding that addi- every year. He suggested that dure followed for transfers, deeds for flats and shops in the demanded that a special com- tional construction area had the Maulana Azad Minorities the calculation and adjust- affected projects. mittee of senior Urban been sanctioned contrary to Charul Shah Joshi work wearing black badges as increase in pay to bring subor- Financial Development ment of unearned income, The decision has left original Development Department offi- rules. While the civic body has MUMBAI a mark of protest. The agita- dinate judiciary employees on Corporation could work with and the legality of subse- residents in several buildings cials review each project indi- halted work and restricted OCs tion was held in accordance par with Bombay High Court these centres to connect bene- quent sale and purchase facing uncertainty after they vidually and take appropriate and registrations, residents Judicial employees at the City with the directions of the staff has been pending with ficiaries with loan schemes, transactions. had vacated their homes for decisions. who had already vacated their Civil and Sessions Court, Maharashtra State Judicial the government for the past provide financial assistance, The SIT includes Thane redevelopment. Developers The restrictions have also homes remain caught in the Mumbai, and subordinate Employees Federation. 20 months. and assist in preparing and district collector and addi- had obtained municipal appro- affected people who purchased uncertainty surrounding the courts across Maharashtra In a statement, the associ- The federation has subse- evaluating project reports. tional district collector, vals, commencement certifi- homes during the redevelop- redevelopment projects. observed a one-day protest on ation said the protest was “dis- quently served a strike notice Shaikh said minorities con- Kalyan-Dombivli civic chief, cates and registration under ment process. Several cus- Naik has argued for a pro- Wednesday demanding equal ciplined and peaceful” and on the government, indicating stitute around 20% of CEO of the Thane Zilla the state government's tomers invested in the projects ject-wise review to address pay for equal work with aimed at highlighting their that Wednesday’s protest was Maharashtra’s population, Parishad, an MMRDA repre- MahaRERA system before resi- after approvals were secured, technical deficiencies while employees of the Bombay demand for pay parity and the first phase of the agitation. with Muslims accounting for sentative, commissioner and dents moved out. while nationalised and cooper- determining responsibility for High Court. registering their opposition to The employees have 11.54%. “Due to poverty, there deputy director of the land BJP MLA Rajan Naik has ative banks extended loans to alleged violations, and has The employees, mostly the government. threatened to go on strike if is a 30% dropout rate among records department, and sought Chief Minister some of the projects. urged the state government to posted at magistrate and The association claimed their demand is not Muslim students at the 10th deputy Inspector General of Devendra Fadnavis’ interven- Naik has sought an immedi- intervene. sessions courts, attended that its proposal seeking an addressed. and 12th standard levels. the registration department. Barely 10% of Muslim youth The SIT has been directed reach higher education. to conduct a detailed exam- There is a need to encourage Tipu portrait in Malegaon dy mayor’s office: HC seeks reply ination and submit a com- students who have been prehensive report to the pushed out of the education state government within 30 system by providing them days along with findings and FPJ News Service was limited to the historical 41, a Samajwadi Party leader Maulana Abul Kalam Azad, played in official premises. Tipu Sultan, but no similar with opportunities for skill recommendations. MUMBAI ruler when portraits of several and deputy mayor of the Bhagat Singh, Jyotiba Phule Senior advocate MM Vashi, action had been taken there. development and entrepre- other personalities were also Malegaon Municipal and Shahu Maharaj. appearing for Ahmed, ques- Vashi argued that the com- neurship,” he said. The Bombay High Court on displayed. Corporation (MMC). She has The controversy began after tioned the reliance on the cir- munications issued by the Inquiry covers Wednesday sought the state A division bench of Chief displayed in her office the p [Showing first 8,000 characters — download PDF for full document]