Emerald Leisures Limited — Capital/Financing Update 2024

Dec 23, 2024

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To,

Date:23[rd] December, 2024

BSE Limited

Department of Corporate Services,

Listing Compliance, Floor 25, P J Towers, Dalal Street, Mumbai-400 001

Scrip Code: 507265; Scrip Symbol: EMERALL

Sub: Intimation of Investment in Limited Liability Partnership (LLP).

Ref.: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’).

Dear Sir/Madam,

With reference to the captioned subject and pursuant to SEBI Listing Regulations, read with Part A of Schedule III and SEBI Circular, this is to inform you that Emerald Leisures Limited (the ‘Company’) approved the acquisition a stake in GALA MAHIM CLUSTER DEVELOPERS LLP (LLPIN: ACJ-0948) on 23[rd] December, 2024.

You are requested to take this on your record and acknowledge receipt.

Thanking You, Yours Faithfully

For Emerald Leisures Limited

Digitally signed by Kapil M Purohit Kapil M Purohit Date: 2024.12.23 12:28:42 +05'30'

Kapil M. Purohit Company Secretary & Compliance Officer

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Annexure A

The details as required under Regulation 30 of the SEBI Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are given as under:

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Sr. Particular Details
No.
1. Name of the target entity, details in GALA MAHIM CLUSTER DEVELOPERS
brief such as size, turnover etc.; LLP
Turnover: Not applicable. Its newly
incorporated firm.
2. Purpose of entering into the The parties have entered into joint
agreement; partnership to establish an LLP in
Mumbai for the Construction and real
estate activities.
3. Whether the acquisition would fall Gala Mahim Cluster Developers LLP is
within related party transaction(s) and not related to Promoter/Promoter
whether the promoter/ promoter Group/Group entity in any manner.
group/ group companies have any
interest in the entity being acquired? If
yes, nature of interest and details
thereof and whether the same is done
at “arm’s length”;
4. Industry to which the entity being Construction and real estate activities.
acquired belongs;
5. brief details of any governmental or Not Applicable
regulatory approvals required for the
acquisition
6. Indicative time period for completion The approval for acquisition has received
of the acquisition; on 23 [rd] December, 2024.
7. Consideration - whether cash Cash
consideration or share swap or any
other form and details of the same;
8. Cost of acquisition and/or the price at Not Applicable
which the shares are acquired
9. percentage of shareholding / control Profit sharing Ratio:
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	acquired and / or number of shares acquired;	Emerald Leisures Limited: 51%. Gala Mahim Cluster Developers LLP: 49%.
10.	brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief);	Gala Mahim Cluster Developers LLP has been incorporated on August 23, 2024 having its registered office situated R No. 2 Baba Nagar Bldg., St. Peters Road, Bandra West, Bandra Police Station, Mumbai, Mumbai- 400050, Maharashtra, India and is yet to commence its business operations.