Emerald Leisures Ltd — Important, 10-04-2026: Company Update

Emerald Leisures Limited has received a Letter of Intent (LOI) for an SRA Redevelopment Project in Chembur, Mumbai. This strategic milestone is an in-principle approval for developing a 6299 sq.mtrs. plot, which is expected to yield approximately 1,75,000 sq.ft. of carpet area. The project has an estimated Gross Development Value (GDV) of INR 600 Cr, marking a significant step in the company's diversification into the real estate sector. This move aims to strengthen future prospects and create long-term value for shareholders.