NSEGeneral Updates2 Nov 2026 · 2 Nov 2026, 01:06 pm
General Updates
Sumit Woods Limited · SUMIT
✦ AI Summary▲ PositiveExpansion
Sumit Woods Limited has signed a development agreement for the redevelopment project of 'Pruthvi Enclave CHS Ltd.' in Mumbai, with an estimated revenue potential of ₹695 Crores.
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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10
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Sumit Woods Limited has informed the Exchange about General Updates
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BUILDERS & DEVELOPERS
The Manager, 02nd November 2026
Listing Department,
The National Stock Exchange of India Limited,
'Exchange Plaza', C-1 Block G,
Bandra Kurla Complex, Bandra (E)
Mumbai – 400051
Sub: Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015
NSE Symbol: SUMIT
ISIN: INE748Z01013
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, and in continuation of our announcement dated 10th November 2025, we are pleased to inform
you that Sumit Woods Limited, has signed and Registered a Development Agreement for the
redevelopment project of “Pruthvi Enclave CHS Ltd.”, situated Siddharth Nagar, near Magathane
Metro Station, Western Express Highway, Borivali (East), Mumbai – 400 066.
The project represents a prestigious, high-end development comprising premium commercial and
residential spaces, strategically located in one of the most sought-after and rapidly evolving micro-
markets of Borivali (East), Mumbai. With an expansive estimated construction and development
area of approximately 6,70,000 sq. ft., the project offers significant scale and development potential,
with an estimated revenue potential of approximately ₹695 Crores. This landmark redevelopment
initiative is poised to create a distinctive development in the western suburbs of Mumbai, further
strengthening the Company's presence in the region and reinforcing its commitment to delivering
premium real estate developments.
This redevelopment project enjoys excellent connectivity being located Opposite Magathane Metro
Station and diagonally opposite Sky City (Oberoi Mall), with direct access to the Western Express
Highway, the major north-south corridor of Mumbai.
This improved connectivity between Mumbai to Thane is expected to further enhance the project's
accessibility, connectivity and overall attractiveness, adding to its long-term development
potential.
Sumit Woods Limited (Formerly Known as “Sumit Woods Private Limited”)
B - 1101, Express Zone, Diagonally Opp. to Oberoi Mall, W.E.Highway, Malad (East), Mumbai - 400 097
Tel.: 022- 2874 9966 / 77 Fax : 022-2874 3377 Email : contact@sumitwoods.com www.sumitwoods.com
CIN No. : L36101MH1997PLC152192
Nearby key amenities:
Ryan International School, Kandivali (East) – approx. 1.6 km away.
Apex Multispeciality Hospital – in close proximity.
The Group’s ongoing and completed developments together represent a total project value of
approximately ₹3,362 crore.
This disclosure is made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.
You are requested to take the above information on your records.
Thanking you,
Yours faithfully,
For Sumit Woods Limited
Rekha Bagda
Company Secretary
Membership No. ACS-61024
Sumit Woods Limited (Formerly Known as “Sumit Woods Private Limited”)
B - 1101, Express Zone, Diagonally Opp. to Oberoi Mall, W.E.Highway, Malad (East), Mumbai - 400 097
Tel.: 022- 2874 9966 / 77 Fax : 022-2874 3377 ● Email : contact@sumitwoods.com www.sumitwoods.com
CIN No. : L36101MH1997PLC152192