Sunteck Realty has confirmed the incorporation of two new wholly-owned subsidiaries: Satshay Lifespace Private Limited (SLPL) and Taraksh Real Estates Private Limited (TREPL). Both entities were officially incorporated on February 11, 2026. The parent company holds 100% shareholding in both subsidiaries, subscribing to shares worth ₹1,00,000 each for capital infusion. Both new companies will focus on Real Estate activities and related allied construction work.
Formation of New Wholly-Owned Subsidiaries
Sunteck Realty Ltd. has formally informed the stock exchanges regarding the incorporation of two new entities, effective February 11, 2026. These companies have been established to support the Group’s strategic expansion in real estate development and allied activities.
Details of the Incorporated Entities
The two newly formed wholly-owned subsidiaries are:
- Satshay Lifespace Private Limited (SLPL)
- Taraksh Real Estates Private Limited (TREPL)
Both entities were incorporated in India on the same date, February 11, 2026. They are confirmed to be wholly owned by Sunteck Realty Ltd., which acts as the holding company for both SLPL and TREPL.
Business Focus and Financial Commitment
The primary industry focus for both new subsidiaries is Real Estate activities, with a brief background indicating involvement in Construction, Real Estate, and allied activities. The nature of the consideration for subscription was Cash.
The capital infusion details are identical for both subsidiaries:
- Cost of Subscription:
- The Company subscribed to 10,000 equity shares of face value ₹10 each, aggregating to a total consideration of ₹1,00,000 for each subsidiary.
- Shareholding Control:
- Sunteck Realty holds 100% of the share capital in both SLPL and TREPL, ensuring complete control over the operational and strategic direction of the new ventures.
The regulatory filings confirm that this establishment of subsidiaries does Not Applicable fall within the scope of related party transactions.
Source: BSE
