NSEGeneral Updates57m ago · 25 Sept 2026, 05:41 pm

General Updates

Suraj Estate Developers Limited · SURAJEST

✦ AI Summary▲ PositiveExpansion

Suraj Estate Developers Limited's wholly owned subsidiary Iconic Property Developers Private Limited completes acquisition of prime land at Mahim (West) with estimated GDV of ₹ 800 crore.

Analysis Scores

Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk6/10
Liquidity Impact9/10
Market Sentiment8/10

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Suraj Estate Developers Limited has informed the Exchange about General Updates

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SURAJ_25092026174109_25-09-2026-_Intimation_to_the_Stock_Exchanges.pdf

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To, To, The Lis(cid:415)ng Department The Lis(cid:415)ng Department BSE Limited Na(cid:415)onal Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai – 400001 Mumbai – 400051 Scrip Code: 544054 and Symbol: SURAJEST Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Completion of acquisition of development rights in respect of land at Mahim (West), Mumbai Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), read with the applicable provisions of the SEBI LODR Regulations and SEBI Circulars issued thereunder, As per earlier disclosure made by the Company the Company further hereby inform the Stock Exchanges that the Company’s wholly owned subsidiary, Iconic Property Developers Private Limited, has completed the acquisition of development rights in respect of a plot of land admeasuring approximately 2,941 square metres, contiguous to the Company’s ongoing commercial project “Suraj One Business Bay” situated at Mahim (West), Mumbai. In this regard, the Development Agreement in respect of the said plot of land has been duly registered and the acquisition has been completed by making a total investment of ₹82.72 Crores. Upon amalgamation with the existing commercial development, the said plot is expected to generate additional saleable carpet area of approximately 1.50 lakh square feet, with an estimated Gross Development Value (“GDV”) of approximately ₹800 Crores. The acquisition is expected to strengthen the Company’s near-to-medium-term project pipeline and consolidate its presence in the South-Central Mumbai market. SURAJ ESTATE DEVELOPERS LIMITED Aman Chambers, 3rd Floor, Century Bazaar, Prabhadevi, Mumbai, Maharashtra 400025 Call +91 022 2437 7877/+91 022 4015 4764/ +91 022 4015 4898 CIN No. L99999MH1986PLC040873 www.surajestate.com The detailed disclosure containing the requisite information under Regulation 30 of the SEBI LODR Regulations is enclosed herewith for your information and records. You are requested to kindly take the above information on record. Thanking you, Yours faithfully, For Suraj Estate Developers Limited Mukesh Gupta Company Secretary & Compliance Officer Membership No.: F6959 Encl.: As above – Detailed Disclosure under Regulation 30 of SEBI LODR Regulations SURAJ ESTATE DEVELOPERS LIMITED Aman Chambers, 3rd Floor, Century Bazaar, Prabhadevi, Mumbai, Maharashtra 400025 Call +91 022 2437 7877/+91 022 4015 4764/ +91 022 4015 4898 CIN No. L99999MH1986PLC040873 www.surajestate.com Suraj Estate Developers Limited’s wholly owned subsidiary Iconic Property Developers Private Limited completes acquisition of prime land at Mahim (West) with estimated GDV of ₹ 800 crore. Mumbai, September 25, 2026: Pursuant to the Memorandum of Understanding (MOU) entered by The Company’s wholly owned subsidiary Iconic Property Developers Limited for acquisition of development rights in respect of a plot of land admeasuring ~ 2,941 square meters contiguous to our ongoing commercial project Suraj One Business Bay situated at Mahim (West), Iconic Property Developers Private Limited has now registered Development Agreement in respect of the said plot of land and completed the acquisition by making total investment of Rs 82.72 Crores. Mahim (West) is one of Mumbai’s established micro- markets characterized by strong demand fundamentals, excellent connectivity, and proximity to key commercial districts such as Lower Parel, Worli and Bandra Kurla Complex. The said plot upon amalgamation with the existing commercial development is expected to generate additional saleable carpet area of about 1.50 lakhs square feet with estimated GDV of ₹800 crores. The project is expected to strengthen the Company’s near-to-medium term project pipeline and consolidate its presence in its core market of South-Central Mumbai. Safe Harbor: Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward- looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors. For further details please contact: Company Investor Relations Advisors Suraj Estate Developers Limited Strategic Growth Advisors Pvt. Ltd. CIN - L99999MH1986PLC040873 CIN - U74140MH2010PTC204285 suraj@surajestate.com Mr. Rahul Agarwal/Ms. Devraj Ghatge rahul.agarwal@sgapl.net/ devraj.ghatge@sgapl.net +91- 9821438864 /+91-9168723907 www.surajestate.com www.sgapl.net