The repayment—made entirely through cash flows from ongoing projects—signals renewed financial discipline, robust liquidity, and a sharper balance sheet for the developer.

Early Repayment Strengthens Omaxe’s Balance Sheet

Omaxe said the repayment was part of its broader deleveraging strategy aimed at improving financial agility and preparing for its next phase of growth.

The facility from Samman Capital had helped Omaxe execute several major developments in Lucknow, Faridabad, New Chandigarh, and other key markets. Closing this exposure ahead of maturity underscores the company’s improved operational performance and efficient cash management.

Management Speaks: “A Reflection of Trust & Disciplined Execution”

Mohit Goel, Managing Director, Omaxe Ltd, said the long-standing partnership with Samman Capital was critical in fueling expansion across multiple markets.

“This early repayment reaffirms Omaxe’s commitment to timely repayments and sustainable financial management. With our balance sheet further strengthened, we are well-positioned to continue delivering high-quality developments and value for all stakeholders.”

Atul Bansal, Director – Finance & Group CFO, highlighted that the repayment was completed well before the due date:

“This milestone reflects our ongoing efforts to improve liquidity, reduce leverage, and strengthen financial resilience. We extend our gratitude to Samman Capital for their support.”

Part of a Larger Turnaround Play

The successful repayment follows a series of positive developments for Omaxe, including:

• fresh capital infusion,
• strong quarter-on-quarter sales momentum,
• accelerated delivery across residential and mixed-use projects.

The company aims to maintain its deleveraging trajectory while pursuing new strategic collaborations that can support expansion across north and central India.

Also Read: Omaxe Group Launches The Omaxe State with ₹2,500 Crore Investment

The post Omaxe Clears ₹700+ Crore Debt to Samman Capital Ahead of Time appeared first on Square Feat India.

The day began with a Leadership Summit, where senior leaders from across the country gathered to discuss regional strategies and align on future goals. Keynote speeches from industry experts and Omaxe leaders emphasized strengthening the company’s national presence and tackling regional challenges. The summit’s theme, ‘Kal, Aaj aur Kal’ (Yesterday, Today, and Tomorrow), encouraged reflection on Omaxe’s legacy and the current market landscape while shaping strategies for future growth.

A motivational address by Gaur Gopal Das emphasized the importance of unity and teamwork in driving success. Mohit Goel, Managing Director of Omaxe Ltd, remarked, “The Annual Day 2024 celebrates our collective achievements, shared vision, and unity. Our focus will remain on innovation, sustainability, and delivering value to our stakeholders.”

The event culminated in a Gala Night and Award Ceremony, where employees were recognized for their outstanding contributions, including the ‘Star Employee of 2024’ award. The awards followed a Bollywood theme, with titles like “Yoddha” and “Gabbar is Back,” celebrating resilience and impactful contributions.

Omaxe has completed over 135.84 million sq. ft. of real estate across 29 cities. The company remains committed to expanding its footprint and delivering value across India.

Also Read: The Omaxe State

The post Omaxe Celebrates Annual Day 2024 with Leadership Summit and Gala Night appeared first on Square Feat India.