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ISO 9001 . 2008 Company

Satra Properties (India) Limited

Dev Plaza, 2nd floor, Opp. Andheri Fire Station, SV Road, Andheri (West). Mumbai - 400 058
Tel: +91 - 22 - 26719999 Fax. +91 - 22 - 26203999 E-mail. info@satraproperties.in

Date: 20 th March, 2017

To,
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai -400 001
E-mail: corp.relations@bseindia.com

Sub.: Intimation under Regulation 30 reacJ. with Schedule HI \Jf SE~T (Listing Obligations
and Disdosure Requirements) Regulation~, 21n~

Ref.: BSE CODE - 508996

Dear Sir,

With reference to the captioned subject, this is to inform you that Satra Proper.ty Developers
Private Limited, Wholly Owned Subsidiary of the Company has divested its 49% stake in Satra
Realty and Builders Limited, its Wholly Owned Subsidiary. The details of the same is mentioned
hereinbelow:

Particulars of Information required Particulars of Informaiion provided

a) the amount and percentage of the
turnover or revenue or income and I.1et
worth. contributed by su(:h unit or
division of the listed entity during the
last financial year;
b) date on which the agreement for sale
has been entered into;
c) the expected c;l.a.te of completion of
sale/disposal;
d) consideration received from such
sale/disposal;
e) brief details of buyers and whether any
of the buyers belong to the promoter/
promoter group/group companies.
If yes, details thereof;
Not applicable since it !::; sale of investments
held by Wholly Owned Subsidiary in its
Wholly Owned Subsidiary and not sale or
disposal of um t 0 divisjon.
Share Purchase Agreement is executed on
20 th March, 2017
20 th March, 2017
Rs. 2,45,000/
details of Buyer: M J Shah Realty LLP
The buyer does. not belong to promoter /
/promoter group/group companies.

PRAFUL Digitally signed by PRAFUL NANJI SATRA

DN: c=IN, o=Personal , CID - 4634133,
2.5.4.20=8afbccb7b8f6265490b4958872e

NANJI
b4e0d844ec2aeb7d3d786dcab22f0f1e4c
e0f, postalCode=400054,
st=Maharashtra,
serialNumber=0e19667d3120b6b39108f
1a81da383e0300d85adc7799d75445787

SATRA
98e6073d7a, cn=PRAFUL NANJI SATRA
Date: 2017.03.20 21:52:49 +05'30'

WebSite: www.satraproperties.in CIN . L6S9 1 OMH 1983PLC030083

 f) whether the transaction would fall The transaction is not with related party hence
within related party transactions? If it will not be a related party transaction.
yes, whether the same is done at "arms
length";
g) additionally, in case of a slump sale, Not Applicable
indicative disclosures provided for
amalgamation/ merger, shall be
disclosed by the listed entity with
respect to such slump sale.

Kindly take the same on record.

Thanking you.

Yours truly,

For Sa a Properties (India) Limited

Praful
Chairman and Managing Director

PRAFUL Digitally signed by PRAFUL NANJI SATRA

DN: c=IN, o=Personal , CID - 4634133,

NANJI
2.5.4.20=8afbccb7b8f6265490b4958872eb4e
0d844ec2aeb7d3d786dcab22f0f1e4ce0f,
postalCode=400054, st=Maharashtra,
serialNumber=0e19667d3120b6b39108f1a81
da383e0300d85adc7799d7544578798e6073

SATRA
d7a, cn=PRAFUL NANJI SATRA
Date: 2017.03.20 21:53:04 +05'30'