MKVentures Capital’s Subsidiary Set to Become Material Unit Following Gurugram Housing Project Agreement

MKVentures Capital Limited has informed stock exchanges that its wholly owned subsidiary is expected to achieve Material Subsidiary status following a significant real estate development agreement. The company filed the disclosure on April 08, 2026, pursuant to Regulation 30 of SEBI LODR Regulations.

Subsidiary Agreement Details

Destination Properties Private Limited, the wholly owned subsidiary of MKVentures Capital, has entered into a supplementary agreement dated April 7, 2026, with Anant Raj Limited. This agreement modifies an existing collaboration arrangement originally established on November 26, 2021, for the development of a residential group housing project in Gurugram, Haryana.

Commercial Structure and Revenue Model

The revised agreement establishes a comprehensive revenue-sharing framework for project monetization. Under the new terms, Destination Properties Private Limited will be entitled to approximately 17.69% of the total project revenue. The revenue distribution will occur on a periodic basis from project collections through a RERA-compliant mechanism.

Anant Raj Limited has been granted exclusive development, marketing, and sales rights for the project. The agreement includes provisions for post-completion reconciliation and sharing of unsold inventory, if any remains after project completion. Additionally, the subsidiary will reimburse Anant Raj Limited for costs incurred in purchasing Transferable Development Rights (TDR).

Material Subsidiary Classification

Consequent to the revised commercial arrangement and the expected scale-up in operations and revenue potential, Destination Properties Private Limited is likely to qualify as a “Material Subsidiary” of MKVentures Capital in terms of Regulation 16(1)(c) of SEBI LODR Regulations.

Regulatory Compliance and Approvals

The project remains subject to applicable regulatory approvals, including RERA registration and compliance with local development regulations. The company has structured the revenue-sharing mechanism to ensure RERA compliance throughout the project lifecycle.

The disclosure was signed by Sanket Rathi, Company Secretary and Chief Compliance Officer of MKVentures Capital Limited, and filed with BSE Limited under scrip code 514238. This development represents a significant milestone in the company’s real estate investment strategy through its subsidiary operations.