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Sunteck Realty to demerge “Sunteck City 4th Avenue Undertaking” with Rs 869 crore turnover
01-Oct-2026, 09:02

Sunteck Realty Ltd. announced a scheme of arrangement with its wholly owned subsidiary, Satguru Corporate Services Private Limited, under Section 230-232 of the Companies Act, 2013. The scheme involves the demerger and consolidation of Satguru’s residential real estate project, “Sunteck City 4th Avenue Undertaking,” into Sunteck on a going concern basis, with the turnover of the demerged business being approximately Rs 869 crore, representing about 77% of Sunteck’s total consolidated turnover for the year ended March 31, 2026. The scheme is subject to statutory and regulatory approvals, including the National Company Law Tribunal, and is expected to result in administrative efficiencies and facilitate project-specific capital allocation.