The warrants, each convertible into one equity share, can be exercised within 18 months, with 25% of the issue price payable upfront. The proposal is subject to shareholder and regulatory approvals.
In the same meeting, the board appointed architect Ajeet Singh as additional and whole-time director for five years, effective 5 September 2025, pending shareholder approval.
Sunteck Realty is a Mumbai-based luxury real estate developer with a development portfolio of 52.5 million square feet across 32 projects.
The company reported a 46.75% rise in net profit to Rs 33.43 crore, despite a 40.45% decrease in revenue from operations to Rs 188.32 crore in Q1 FY26 over Q1 FY25.
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