NITESHEST

NITESHEST:The Exchange had sought clarification from Nitesh Estates Limited with respect to announcement dated 06-Apr-2018, regarding 'Disclosure under Regulation 30 of LODR - Settlement of Chennai property and Changes in the Board'. 1. Settlement of Chennai property We wish to inform the Exchanges that the Company has settled the dispute in respect of the lease rights of land situated at Chennai . Under the Settlement as decreed through the arbitral award, the Company will receive Rs 15 Cr., as per the terms of the award. 2. Changes in the Board Further to our announcement of appointment of M

��The Exchange had sought clarification from the Company with respect to news item captioned- "CCB raids Nitesh Estates". In this regard, you are advised to provide clarification/confirmation on the news item in detail including the following: a) Whether such event stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order. b) The material impact of this article on the Company. c) Whether company are aware of any information that has not been announced to the Exchanges under Regulation 30 of Listin

The Exchange has sought clarification from the Company with respect to news item captioned- "CCB raids Nitesh Estates". In this regard, you are advised to provide clarification/confirmation on the news item in detail including the following: a) Whether such event stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order. b) The material impact of this article on the Company. c) Whether company are aware of any information that has not been announced to the Exchanges under Regulation 30 of Listing

Significant movement in price has been observed in Nitesh Estates Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Nitesh Estates Limited has submitted their response.

Significant movement in price has been observed in Nitesh Estates Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

NITESHEST:The Exchange had sought clarification from Nitesh Estates Limited with respect to announcement dated 12-Oct-2018, regarding " Nitesh Estates Limited has informed the Exchange regarding 'We would like to inform the exchanges that we have entered into an agreement to sell 100 percent stake in our step down tier II subsidiary - Nitesh Pune Mall Pvt. Ltd.We have signed the agreement with ABIL group of Pune (Ela Realty, a SPV of ABIL).NIRPL a 100 percent subsidiary through its step down subsidiary will exit the entire holding of this 1 million sqft shopping mall.The step down tier II subs

NITESHEST:The Exchange has sought clarification from Nitesh Estates Limited with respect to announcement dated 12-Oct-2018, regarding " Nitesh Estates Limited has informed the Exchange regarding 'We would like to inform the exchanges that we have entered into an agreement to sell 100 percent stake in our step down tier II subsidiary - Nitesh Pune Mall Pvt. Ltd.We have signed the agreement with ABIL group of Pune (Ela Realty, a SPV of ABIL).NIRPL a 100 percent subsidiary through its step down subsidiary will exit the entire holding of this 1 million sqft shopping mall.The step down tier II subs

The Exchange had sought clarification from Nitesh Estates Limited with respect to announcement dated 29-Sep-2018, regarding 'Nitesh Office Parks Private Limited (Formerly known as Kakanad Enterprises Private Limited) (NOPPL) was a wholly owned subsidiary of the Company. The Company holds 49,999 shares of NOPPL out of previous total paid up share capital of 50,000 shares. In accordance with the provision of Companies (Amendment) Act, 2017, Nitesh Office Parks Private Limited had made private placement offer to the Investor to raise funds for the operations and has allotted 210,000 shares to the

NITESHEST:The Exchange has sought clarification from Nitesh Estates Limited with respect to announcement dated 29-Sep-2018, regarding " Nitesh Estates Limited has informed the Exchange regarding 'Nitesh Office Parks Private Limited (Formerly known as Kakanad Enterprises Private Limited) (NOPPL) was a wholly owned subsidiary of the Company. The Company holds 49,999 shares of NOPPL out of previous total paid up share capital of 50,000 shares. In accordance with the provision of Companies (Amendment) Act, 2017, Nitesh Office Parks Private Limited had made private placement offer to the Investor

NITESHEST:The Exchange had sought clarification from Nitesh Estates Limited with respect to announcement dated 30-Apr-2018, regarding " Nitesh Estates Limited has informed the Exchange regarding 'Intimation under Regulation 30 of SEBI (LODR). '. We wish to inform you that Mr. Mahesh Laxman has resigned from the Company as Chief Executive Officer of Commercials and Rental Business.We request you to take the same on record.". On basis of above the Company is required to clarify following: 1. Date of appointment/cessation (as applicable) & term of appointment;The response of the Company is attach

NITESHEST:The Exchange has sought clarification from Nitesh Estates Limited with respect to announcement dated 30-Apr-2018, regarding " Nitesh Estates Limited has informed the Exchange regarding 'Intimation under Regulation 30 of SEBI (LODR). '. We wish to inform you that Mr. Mahesh Laxman has resigned from the Company as Chief Executive Officer of Commercials and Rental Business.We request you to take the same on record.". On basis of above the Company is required to clarify following: 1. Date of appointment/cessation (as applicable) & term of appointment;<br> The response of

NITESHEST:The Exchange had sought clarification from Nitesh Estates Limited with respect to announcement dated 06-Apr-2018, regarding 'Disclosure under Regulation 30 of LODR - Settlement of Chennai property and Changes in the Board'. 1. Settlement of Chennai property We wish to inform the Exchanges that the Company has settled the dispute in respect of the lease rights of land situated at Chennai . Under the Settlement as decreed through the arbitral award, the Company will receive Rs 15 Cr., as per the terms of the award. 2. Changes in the Board Further to our announcement of appointment of M

NITESHEST:The Exchange has sought clarification from Nitesh Estates Limited with respect to announcement dated 06-Apr-2018, regarding 'Disclosure under Regulation 30 of LODR - Settlement of Chennai property and Changes in the Board'. 1. Settlement of Chennai property We wish to inform the Exchanges that the Company has settled the dispute in respect of the lease rights of land situated at Chennai . Under the Settlement as decreed through the arbitral award, the Company will receive Rs 15 Cr., as per the terms of the award. 2. Changes in the Board Further to our announcement of appointment of M

The Exchange has sought clarification from Nitesh Estates Limited with respect to recent news item captioned "Chinese co Fosun eyes Rs.800cr stake in Nitesh". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Nitesh Estates Limited has submitted their response.

The Exchange has sought clarification from Nitesh Estates Limited with respect to recent news item captioned "Chinese co Fosun eyes Rs.800cr stake in Nitesh". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

The Exchange has sought clarification from Nitesh Estates Limited with respect to recent news item captioned "Abu Dhabi, GIC in fray for over Rs.600cr Nitesh Hub". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Nitesh Estates Limited has submitted their response.

The Exchange has sought clarification from Nitesh Estates Limited with respect to recent news item captioned "Abu Dhabi, GIC in fray for over Rs.600cr Nitesh Hub". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

NITESHEST:The Exchange has sought clarification from Nitesh Estates Limited with respect to announcement dated 13-Jul-2017, stating that the Company has acquired remaining 50% ownership of Courtyard Construction Private Limited (CCPL), thereby making CCPL a 100% wholly owned subsidiary. This gives 100% ownership of prime land parcel of 21,000 Sq.ft situated in Cunningham Road, Bangalore, owned by CCPL. The Company will be launching its Luxury Residential Project shortly, which will garner Rs 110 Cr topline revenue over next 24 months.On basis of above the Company is required to clarify followi

NITESHEST:The Exchange has sought clarification from Nitesh Estates Limited with respect to announcement dated 13-Jul-2017, stating that the Company has acquired remaining 50% ownership of Courtyard Construction Private Limited (CCPL), thereby making CCPL a 100% wholly owned subsidiary. This gives 100% ownership of prime land parcel of 21,000 Sq.ft situated in Cunningham Road, Bangalore, owned by CCPL. The Company will be launching its Luxury Residential Project shortly, which will garner Rs 110 Cr topline revenue over next 24 months.On basis of above the Company is required to clarify followi

News Verification : The media had reports "Goldman inks $300m reality JV with Nitesh". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Nitesh Estates Limited has vide its letter inter-alia stated,"The Company currently can neither deny nor confirm the news item appeared today. The Company is in midst of two large transaction and are governed under the Non Disclosure clause."

The Exchange has sought clarification from Nitesh Estates Limited with respect to recent news item captioned "Goldman inks $300m reality JV with Nitesh". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any information tha

News Verification : The media had reports that "Nitesh Estates to buy Pune mall for Rs 300 cr.". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Nitesh Estates Limited has vide its letter inter-alia stated," a. There are discussion with the present owners of the Pune Mall and the process of Due Diligence is under progress. b. Due to confidentiality arrangement, we will not be in a position to give more information at this stage. c.

News Verification : The media had reports that Nitesh Estates Limited is looking to sell stake in an Special Purpose Vehicle to Hong Kong based real estate fund Forum Capital Partners. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Nitesh Estates Limited has vide its letter inter-alia stated, "We unequivocally clarify that the company at no stage has spoken to any particular publication/person regarding the news in media. Nitesh

News Verification : The media had reports that JP Morgan Global Fund has picked up 45% stake in the company. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Nitesh Estates Limited has vide its letter inter-alia stated,"Nothing that requires to be reported has taken place and we have always acted in accordance with law and the Listing Agreement. When any transaction that requires to be reported is entered into, we will comply with o