Sunteck Realty Limited — Others, 18-12-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Sunteck Realty Ltd. has announced a board meeting to discuss the settlement between its subsidiary, Sunteck Lifestyles Ltd., and joint venture partner Grand Valley General Trading LLC. The Dubai International Financial Centre Court has confirmed the settlement and the withdrawal of claims as of December 17, 2024.

This resolution could enhance operational stability and reduce legal uncertainty, potentially improving the subsidiary's performance. For investors, the successful settlement may foster a positive outlook, signaling effective governance and a focused strategy moving forward.