Signatureglobal (India) Limited has officially updated the expected date for the completion of a previously announced asset sale/disposal. The original “Long Stop Date” under the Securities Subscription and Purchase Agreement (SSPA) was 23rd March, 2026. Following mutual agreement between Signatureglobal, Gurugram Commercity Limited, and Millennia Realtors Private Limited (RMZ), this date has been formally extended to 31st March, 2026.
Extension Granted for Asset Disposal Agreement
Signatureglobal (India) Limited has issued an official update regarding the expected completion date for a significant asset sale/disposal transaction. This information follows an initial intimation provided to the exchanges on 14th February, 2026.
The underlying agreement, referred to as the Securities Subscription and Purchase Agreement (“SSPA”), was executed on 14th February, 2026. The parties involved include the Company, its wholly-owned subsidiary Gurugram Commercity Limited (“GCL”), and Millennia Realtors Private Limited (“RMZ”).
Key Date Adjustment
The announcement confirms a mutual extension of the deadline for closing the transaction. The “Long Stop Date” for the completion of the sale/disposal has been moved from its initial setting of 23rd March, 2026, to the new date of 31st March, 2026. This extension was agreed upon by all involved parties.
The Managing Director, Ravi Aggarwal, confirmed that the company is keeping regulatory bodies informed of these material developments.
Source: BSE
