NITESHEST

Nitesh Estates Limited has informed the Exchange vide letter dated February 27, 2015 regarding "Signing of new Joint Development Agreement of Rs 375 Cr. revenue potential".

Nitesh Estates Limited has informed the Exchange that Nitesh Estates signs up Joint Development Agreement for Rs.170 Cr Project at Hosur Main Road, Banglore.

Nitesh Estates Limited has informed the Exchange, vide letter dated June 14, 2014 that "Nitesh Estates signs up Joint Development Agreement for Rs. 350 Cr Project at Hennur Main Road, Bangalore".

Nitesh Estates Limited has informed the Exchange vide letter dated March 31, 2014 regarding "Full and Final Redemption of Debentures issued to HDFC Asset Management Co Ltd".

Nitesh Estates Limited has informed the Exchange that "Nitesh Indiranagar Retail Private Limited, a 100% subsidiary of the Company which will develop and own the Retail Mall of 1.2 Million Sq.ft (apprx) at Indiranagar Bangalore and has concluded the Supplementary Agreement with the Landowners. The auditors had expressed their concern as a matter of emphasis in the Annual Accounts over this project over last 2 years, which is now resolved. The Subsidiary will now take up this project and is expected to complete the construction within 37 months. This property has the potential of rental earn

Nitesh Estates Limited has informed the Exchange regarding the launch of Rs.300 cr Nitesh British Columbia Project in South Bangalore.

Nitesh Estates Limited has informed the Exchange that "Nitesh Estates Limited obtains clearances for its 5- Star Luxury Hotel - The Ritz - Carlton, Banglore".

Nitesh Estates Limited has informed the Exchange regarding the signing up of its new mid income housing Project near Kanakapura Road, south Bangalore, providing a total of about 500 Apartments (2 and 3 Bedroom). This project has been named as Nitesh British Columbia. The total project revenue potential will be around Rs. 300 Cr, which will improve significantly the financials of the Company.

Nitesh Estates Limited has informed the Exchange regarding the proposed launch of its Plotted development project spread across 41 Acres of Land at Devanahalli, Bangalore abutting NH 07 and NH 207 (the proposed Hyderabad-Bengaluru-Chennai bypass corridor). Nitesh Long Island provides easy commute to the city Centre, airport and all major existing and upcoming economic hubs. The Total project sales will be Rs. 178 Cr.

Nitesh Estates Limited has informed the Exchange that Mr. Nitesh Shetty, Promoter has got his 65,68,691 Equity shares of Nitesh Estates Limited offered as collateral security (4.50% of total equity), released out of pledge from HDFC AMC Limited, consequent to the partial redemption of the Debentures in Nitesh Housing Developers Private Limited, a subsidiary of Nitesh Estates Ltd.

Nitesh Estates Limited has informed the Exchange that Nitesh Housing Developers Private Limited, subsidiary of Nitesh Estates Limited has made a partial redemption of Rs.40 Cr (rounded off) out of Rs.62 Cr issued to HDFC AMC Limited.

Nitesh Estates Limited has informed the Exchange vide letter dated August 07, 2012, regarding "Nitesh Estates Limited signs up Rs.450 Cr New Villament Residential Project - Nitesh Palo Alto on the Marathahalli - Sarjapur Outer Ring Road, Bangalore".

Nitesh Estates Limited has informed the Exchange, vide letter dated May 30, 2012 regarding an announcement titled "Nitesh Estates Limited announces the launch of Rs.425 Crores Villa Project in Bangalore".

Nitesh Estates Limited has informed the Exchange that Mr. Ashwini Kumar, Chief Operating Office of the Company has been inducted as a member of the Board and designated as Executive Director & Chief Operating Officer with effect from April 19, 2012.

Nitesh Estates Limited has informed the Exchange that Nitesh Kochi Projects & Developers Private Limited a 100% Subsidiary of Nitesh Estates Limited has changed its name to Kakanad Enterprises Private Limited, with effect from April 04, 2012.

Nitesh Estates Limited has informed the Exchange that Nitesh Estate Limited (NEL) has acquired the balance 4,900 Equity Shares from the promoters of Nitesh Urban Development Pvt. Ltd. (NUDPL). NUDPL is now a 100% wholly owned subsidiary of NEL, effective December 31, 2011.

Nitesh Estates Limited has informed the Exchange vide its letter dated November 24, 2011, that "Nitesh Estates Limited Signs up Rs. 200 Cr New Luxurious Residential Project Nitesh Park Avenue at High Grounds, Sankey Road, Bangalore".

Nitesh Estates Limited has informed the Exchange that Nitesh Urban Development Private Limited, a subsidiary of Nitesh Estates Limited has on September 28, 2011 launched the Green Residential Project of 417 units named NITESH CAPE COD at Marathahalli - Sarjapur Outer Ring Road, IT hub of Bangalore. This Project will yield a total revenue of Rs. 300 Cr over next 30 Months adding significant income on consolidated basis to the Company.

Nitesh Estates Limited has informed the Exchange that Nitesh Urban Development Private Limited, a Subsidiary of Nitesh Estates Limited has signed a Joint Development Agreement for a development of 700,000 Sq.ft of Residential Apartment at Sarjapur Outer Ring Road, Bangalore adjacent to the IT hub. The Project will yield a total revenue of Rs.300 Cr over next 2 to 3 years adding significant income on consolidated basis to the Company.

Nitesh Estates Limited has informed the Exchange vide its letter dated June 07, 2011 regarding "Disclosure of Media Agreement- Clause 53".

Nitesh Estates Limited has submitted to the Exchange a copy of the Disclosure under Section 302 of the Companies Act, 1956, Circulated to the shareholders in respect of appointment of Mr. L S Vaidyanathan, Director Business Development.

Nitesh Estates Limited has informed the Exchange that the Company has signed a Joint Development Agreement for approx.3 Acres of site off Cunningham Road, Bangalore for mixed use development for Office, high end residential and Retail segment. The project will give a turnover of Rs 400 Cr and will have significant cash flow and rental income to the Company.

Nitesh Estates Limited has informed the Exchange that:" The Company has signed up a Joint Development agreement for development of a Rs 500 Cr Commercial Mall at Indiranagar, Bangalore. The area to be developed will be approx 1.4 Mn sq.ft in total. The conclusion of the agreement was pending for last two quarters as reported in our quarterly results reports. Now, this agreement has been concluded. This project will be implemented by Nitesh Indiranagar Retail Private Limited, a 100% subsidiary of the Company. This property will be of big asset to the Company and will significantly improve the r

Nitesh Estates Limited has informed the Exchange that "Nistesh Estates Limited has launched a Luxury Residential Project,"Nitesh Logos" near M.G. Road, Bangalore with a potential revenue generation of Rs.100 Cr. This project is expected to be completed in 18 to 24 months. This will significantly improve the financials of the Company".

Nitesh Estates Limited has informed the Exchange that "Nitesh Estates Limited (NEL) has acquired 51% stake in a SPV - Nitesh Urban Developers Private Limited (NUDPL). NUDPL is engaged in the similar lines of business of construction and development of residential/ commercial project at Chennai. The Company also acquired the 100% Paid Up Equity of Nitesh Kochi Projects & Developers Private Limited (NKPDL).

Nitesh Estates Limited has informed the Exchange that the Company has acquired joint developmental rights for a prime property located at Aga Abbas Ali Baig Road, Off Ulsoor Road, Bangalore 560001 to develop approx 90,000 sqft high end Luxury Residences called "Nitesh Logos". This Rs.100 Cr project will improve the revenues of the Company and is expected to be completed within 24 months.

Nitesh Estates Limited has informed the Exchange that Mr. Shivaraman Iyer, Chief Finance Officer (CFO) of the Company tendered his resignation from the services of the Company due to personal reasons. Mr. Shivaraman lyer had suggested that he be released from the services on June 15, 2010, which has been accepted by the management. Till the time a new CFO is appointed, Mr. L S Vaidyanathan, Executive Director, a qualified Chartered Accountant will oversee the Finance function and discharge the responsibilities of CFO, in addition to his present responsibilities as Executive Director.