Sunteck Realty : General updates

Press Release

Dear Sir / Madam,

Sub: Disclosure pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Regulations")

We would like you to take note of our key operational updates for Q2 FY23:

1. Pre-Sales:We had pre-sales of ~Rs 337 crores in Q2 FY23, up 24% on YoY basis. Our H1 FY23 pre-sales stood at ~Rs 670 crores, a growth of 49% on a YoY basis.
2. Collections: We had collections of ~ Rs 331 crores in Q2 FY23, up 60% on YoY basis. For the first half of FY23, collections stood at ~Rs 616 crores registering a growth of 63% on YoY basis.
   Additionally, collections efficiency for H1 FY23 stood at 92%.

Aforesaid nos. are provisional

1. Business Development: The Company acquired a posh land parcel of ~7.25acres at Beverly Park, Mira Road under the JDA model. The project is estimated to have development potential of approx 2.5mn sq.ft built up area with a revenue potential of around Rs 3,000 crore. Post pandemic, we have done multiple acquisitions to the tune of 25.5 mn sq.ft i.e. Borivali West, Vasai West, Shahad-Kalyan, Vasind, Pen-Khopoli and now, Beverly Park, Mira Road.

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5th Floor, Sunteck Centre, 37-40 Subhash Road, Vile Parle (East), Mumbai - 400 057. Tel: + 91 22 42877800 Fax: + 91 22 428778890 Website: www.sunteckindia.com

CIN: L32100MH1981PLC025346

Press Release

1. ESG: We have been felicitated with EDGE Green Building Pre Certification for our 4 residential projects namely, Sunteck Beach Residences (SBR), Vasai; 4th Avenue Sunteck City, ODC, Goregaon (W); Sunteck Maxxworld and Sunteck Oneworld at Naigaon by EDGE-IFC (World Bank Group) for our endeavor towards ensuring that the company's projects are designed sustainably as next generation buildings, keeping the environment's wellbeing at the center of its mission. We at Sunteck Realty are taking systematic steps towards prioritizing sustainability as part of our culture.
2. Credit Rating: In a recent rating review by CARE Ratings of Sunteck Realty Limited's long-term and short-term loan facilities, we have achieved a long-term rating of "CARE AA-/Positive" and short-term rating of "A1+". The ratings favorably factors in healthy booking status at an intermediate stage of execution in the overall project portfolio, leading to the build-up of sizeable committed receivables thereby rendering robust cash flow visibility and further draws comfort from strong financial risk profile of the company characterized with low reliance on debt for the development of projects.
   This is for the information of your members, and all concerned. You are requested to disseminate the above information on your respective websites.
   Thanking you.
   Yours truly,
   For Sunteck Realty Limited
   Rachana Hingarajia
   Company Secretary & Compliance Officer Membership No. A23202

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5th Floor, Sunteck Centre, 37-40 Subhash Road, Vile Parle (East), Mumbai - 400 057. Tel: + 91 22 42877800 Fax: + 91 22 428778890 Website: www.sunteckindia.com

CIN: L32100MH1981PLC025346