Atal Realtech Seeks Shareholder Approval for ₹49.47 Crore Related Party Transaction

Atal Realtech Limited is conducting a postal ballot for shareholders to approve a related party transaction worth ₹49.47 crore with ABH Developers Private Limited for sub-contracting construction work of a Court Building at Karanja, Dist. Washim. The transaction represents approximately 51.68% of the company's annual consolidated turnover and requires approval as it crosses materiality thresholds under SEBI regulations, with e-voting scheduled from November 27 to December 26, 2025.

Atal Realtech Board Approves Rs 49.47 Crore Related Party Contract with ABH Developers

Atal Realtech's Board approved a related party transaction with ABH Developers Private Limited for sub-contracting construction work of a court building valued at Rs 49,47,03,092, subject to shareholder approval through postal ballot. The company appointed M/s. Akshay R Birla Associates as scrutinizer for the postal ballot process, with ABH Developers to charge 4% royalty on the total contract value.

Atal Realtech Reports Mixed Q2 Performance with Revenue Decline and Profit Growth

Atal Realtech Limited reported revenue from operations of Rs 1,973.70 lakhs for Q2 FY2026, down from Rs 3,060.08 lakhs in the previous quarter, while profit after tax increased to Rs 108.07 lakhs from Rs 66.42 lakhs. The company operates in works contracting/government contracting and real estate business segments, with the board approving unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025.