Omaxe Limited — Important, 24-03-2025: Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals

Omaxe Ltd. has announced a board meeting to discuss the grant of a license to its wholly-owned subsidiary, Omaxe Forest Spa & Hills Developers Ltd., for establishing an Affordable Residential Plotted Colony in Palwal, Haryana. The license covers an area of 9.191 acres and is part of the Deen Dayal Jan Awas Yojna-2016, valid until March 20, 2030.

This development bolsters Omaxe's market position and is expected to accelerate revenue growth, enhance brand image, and provide long-term strategic benefits. Investors may view this as a positive outlook, with opportunities for expansion in the affordable housing segment.