Glint Infraprojects Raises Stake in Sunteck Realty to 63.29%

Mumbai, May 26, 2025 –  In a development reflecting continued promoter confidence, Glint Infraprojects Private Limited has modestly increased its equity stake in Sunteck Realty Limited (NSE: SUNTECK | BSE: 512179). The stake enhancement was made through an open market transaction on May 22, 2025, and formally disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Marginal Increment of 0.01% in Equity Holding

As part of the promoter group, Glint Infraprojects acquired an additional 7,000 equity shares of Sunteck Realty, constituting a 0.01% rise in its shareholding. This purchase raises its cumulative holding from 9,27,09,679 shares (63.28%) to 9,27,16,679 shares, now amounting to 63.29% of the company’s total equity. The total equity share capital remains unchanged at ₹14.64 crore, divided into 14,64,89,084 equity shares with a face value of ₹1 each.

Promoter and PAC Composition

Glint Infraprojects forms part of a wider promoter and Persons Acting in Concert (PAC) consortium. This group includes:

• Kamal Khetan
• Manisha Kamal Khetan
• Akrur Kamal Khetan
• Trusts: Matrabhav Trust, Paripurna Trust, and Astha Trust (with Kamal and Manisha Khetan serving as trustees)
• Corporate Entities: Samagra Wealthmax Pvt Ltd, Eskay Infrastructure, Satguru Infocorp, Starlight Systems, Starteck Infraprojects, and SW Capital Pvt Ltd

Acquisition Snapshot

• Mode of Acquisition: Open Market
• Date of Transaction: May 22, 2025
• Post-Transaction Share Capital: ₹14.64 crore (14,64,89,084 shares)
• Change in Shareholding: Increase of 0.01% (rounded), with no alteration to total share capital

About Sunteck Realty Limited

Headquartered in Mumbai, Sunteck Realty Limited is a prominent player in the premium real estate sector. The company specialises in luxury and ultra-luxury residential developments, as well as high-end commercial and mixed-use projects. With flagship developments in prime locations such as Bandra Kurla Complex (BKC), Oshiwara District Centre (ODC), and Naigaon, Sunteck has carved out a niche for delivering refined, quality-driven real estate experiences.

Under the leadership of Chairman and Managing Director Kamal Khetan, the company has maintained a conservative financial approach, boasting a low-leverage balance sheet and a well-defined project pipeline. This strategic stance positions Sunteck as a resilient and trusted name among listed realty firms in India.

Regulatory Disclosure

The transaction has been duly reported in accordance with SEBI’s SAST Regulations, 2011. The additional share acquisition reaffirms the promoter group’s sustained commitment to the company’s long-term vision and growth trajectory within Mumbai’s evolving real estate landscape.

Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/A75749D1_4AB4_4159_B918_071B0A7038BD_111912.pdf