Yogi Limited, a prominent player in the real estate industry, has made significant strides in its expansion plans by acquiring a 60% stake in Farewell Real Estates Private Limited. The acquisition, which was formalized through a Share Purchase Agreement (SPA) executed between Yogi Limited, B-Right Realestate Limited, and the Patel family members (Ghanshyambhai Nanjibhai Patel and Pareshbhai Nanjibhai Patel), involves the purchase of 41,46,000 equity shares of the target company. This strategic move positions Yogi Limited as a key stakeholder in Farewell Real Estates, which will become a subsidiary of Yogi Limited post-acquisition.

The agreement, signed on 21st April 2025, follows the approval of Yogi Limited's shareholders through a Postal Ballot conducted on 4th April 2025. This investment is part of the company's broader strategy to enhance its footprint in the Mumbai real estate market. The acquisition is specifically focused on the development of the Veer Sambhaji Nagar Cooperative Housing Society under the Slum Rehabilitation Authority (SRA) Scheme at LBS Marg, Mulund (West), Mumbai.

The Investor-cum-Shareholders’ Agreement also highlights the roles and responsibilities of all parties involved, ensuring that the rights of Yogi Limited and its partners are protected as part of this collaborative venture. The focus of the investment is on creating affordable housing through the Slum Rehabilitation Scheme, addressing the growing demand for residential space in Mumbai.

The acquisition and investment were discussed and approved during a Board Meeting held on 21st April 2025, where the company’s management outlined the strategic importance of the development project. The meeting, which commenced at 03:30 p.m. and concluded at 04:00 p.m., was a significant milestone in Yogi Limited's ongoing efforts to strengthen its position in the real estate sector. As part of the company’s commitment to transparency, the details of the agreement were disclosed to BSE Limited, ensuring compliance with the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

This move comes at a time when Mumbai's real estate market is seeing increased activity, particularly in the area of slum rehabilitation and affordable housing. With a focus on sustainable development, Yogi Limited is set to play a pivotal role in transforming the city’s landscape by providing quality housing for underserved communities. The project at LBS Marg, Mulund (West) is expected to benefit from the backing of Yogi Limited's financial strength and expertise in real estate development.

The acquisition is seen as a step forward in Yogi Limited's mission to diversify its portfolio and contribute to the development of urban infrastructure in Mumbai. With the formal execution of the Share Purchase Agreement and the Investor-cum-Shareholders’ Agreement, the company is well-positioned to embark on this ambitious project. The Veer Sambhaji Nagar Cooperative Housing Society Limited project under the Slum Rehabilitation Scheme will not only provide homes to thousands of people but will also contribute to the city's efforts to tackle its housing crisis.

Yogi Limited’s management has expressed confidence that the development will lead to long-term growth for the company and its investors, marking a significant milestone in its journey. The board's decision reflects the company’s commitment to innovation and excellence in the real estate sector, with a focus on creating value for all stakeholders involved.

As part of the expansion, the company also aims to tap into the potential of Mumbai’s urban regeneration projects, which continue to attract investments and interest from developers. The ongoing collaboration between Yogi Limited and its partners, including B-Right Realestate Limited and the Patel family, is expected to enhance the project’s prospects and contribute to the broader goal of providing quality housing solutions to Mumbai’s residents.

This move highlights Yogi Limited's proactive approach to business growth and development, underscoring its role as a major player in Mumbai’s real estate sector. As the project progresses, it will undoubtedly attract more attention from investors, stakeholders, and government bodies committed to sustainable urban development and housing reforms.

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