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| Exchange Received Time 16/11/2018 18:49:23 Exchange Disseminated Time 16/11/2018 18:49:30 Time Taken 00:00:07 | Pursuant to the provisions of Regulation 30(3) read with Part B of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that, the Company has entered into Joint Development Agreement dated 12th October, 2018 through its Partnership Firm M/s. Prime Urban Developers with Mr. B. Vijay Venkataswamy, Mr. V. Balaji, Mr. B. Lakshmi Narayana, Ms. L. Anvitha Sathyalakshmi, Mr. J. Thulasidharan, Mr. Sailendra Thulasidharan and Ms. Nikethana Thulasidharan collectively referred to as Owners of undivided Land measuring 36.70 cents and ½ cents situated at Uppilipalayam Village, G.S. No. 88/1 Part, Singanallur Sub Registration District, Coimbatore Taluk, Coimbatore for undertaking construction of 20 apartments in the said land. The Owners shall retain 35% of undivided land and commercial development on the said land and M/s. Prime Urban Developers, Partnership Firm (in which the Company and M/s. Paul & Lord Enterprises LLP are Partners) shall retain 65% of undivided land and residential development of 20 apartments on the said land.
The said Joint Development Agreement does not fall within the ambit of Related Party Transactions.
Kindly take the same on record and acknowledge receipt.
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