* Spacenet Enterprises India Limited has formed a Limited Liability Partnership named SPACENET URBAN REALTY LLP on November 12, 2025. * Spacenet Enterprises India Limited holds 99.90% of SPACENET URBAN REALTY LLP. * Mr. Suresh Tammineedi and Mr. Satya Srikanth Karaturi each hold 0.05% as Designated Partners. * The LLP is a related party, but the transaction is at arm’s length. * SPACENET URBAN REALTY LLP will undertake real estate activities including development, acquisition, leasing, and management of properties. * The LLP is a Special Purpose Vehicle (SPV) to segregate assets, facilitate management and financing, and mitigate project-level risks. * The cost of acquisition is ₹99,900. * The SPV’s incorporation aligns with the company’s strategic objective of expanding its presence in the real estate and allied investment sectors and providing flexibility for potential REIT/InvIT structures in the future.
