Modis Navnirman Limited, one of Mumbai’s fastest-growing and most promising players in the redevelopment real estate sector, has announced the successful completion of its fast-track merger with its wholly-owned subsidiary, Shree Modis Navnirman Private Limited.

This landmark merger represents a major milestone in the company’s growth journey — being India’s second fast-track merger and the first listed fast-track merger in Mumbai’s real estate segment. The merger received approval from over 90% of shareholders, underscoring strong investor confidence in the company’s strategic direction and future potential.

The consolidation is expected to strengthen Modis Navnirman’s balance sheet, improve operational efficiency, optimize resource utilization, and unlock cost synergies. It will also enhance shareholder value and reinforce the company’s leadership in the redevelopment space.

Management Comment:

Commenting on the milestone, Mr. Mahek Modi, Whole Time Director and Chief Financial Officer, said:

“The completion of this merger marks a defining moment for Modis Navnirman. This strategic consolidation positions us to accelerate growth and strengthen our presence in Mumbai’s dynamic real estate market. As India’s second listed merger and the first in Mumbai’s real estate sector, this achievement reflects our commitment to transparency, strategic vision, and value creation for all stakeholders. We are deeply grateful to our shareholders for their unwavering support and trust in our vision.”