RERA Filing
UP RERA renews Black Opal Consultants' agent registration to February 2031
The UP Real Estate Regulatory Authority has renewed the real estate agent registration of Black Opal Consultants Limited until 28 February 2031, according to the company's exchange disclosure dated 9 October 2026. The renewal concerns the company's brokerage licence, not any housing project, and it follows an earlier period in which the company's prospectus said its registration had expired.
| Regulator | Uttar Pradesh Real Estate Regulatory Authority (UP RERA) |
|---|---|
| Company | Black Opal Consultants Limited, listed on BSE SME (scrip code 544972) |
| Registration type | Real estate agent registration (not a project registration) |
| Renewed valid until | 28 February 2031 |
| Disclosure | Regulation 30 of the listing regulations (LODR), filed 9 October 2026 |
| Listing date | 7 October 2026 on BSE SME; shares reportedly reached the Rs 210 upper circuit on 8 October 2026 |
| Same-day separate filing | RERA certificate for the Hummingbird group housing project in Ghaziabad (UPRERAPRJ397361/10/2026), promoted by associate Black Opal Ventures LLP |
| FY2025-26 financials | Revenue from operations Rs 41.97 crore; profit after tax Rs 12.21 crore |
What was filed
On 9 October 2026, Black Opal Consultants Limited filed a disclosure under Regulation 30 of the listing regulations stating that UP RERA had renewed its real estate agent registration until 28 February 2031. The filing is titled as receipt of the UP RERA registration.
The company made the filing itself. It is the listed parent company, not a subsidiary or associate. As of 14 October 2026, the exchange filing is the only public record of the renewal that this article relies on.
Why the renewal matters
The company's offer document (prospectus) said its UP RERA agent registration had expired. A separate report said the company had applied for renewal.
Under UP RERA rules, an agent must be registered to market or broker property sales in the state. Black Opal's business is concentrated in Uttar Pradesh, which accounted for 77.94% of its FY2025-26 revenue, against 22.06% from Haryana, according to the company's disclosures and reports. An IPO-era risk review cited the company's UP RERA status as a dependency for its activity in the state.
Agent licence and project registration are separate
The renewal covers the company as a real estate agent. It does not approve, register or certify any building project. Project registrations are issued separately, for each development, by the relevant RERA authority.
On the same day, 9 October 2026, the company filed a second item. It concerns the Hummingbird group housing project in Ghaziabad, promoted by Black Opal Ventures LLP, in which the listed company holds a 41% partnership interest.
The Hummingbird project in Ghaziabad
According to the company's filing, the project is at Plot No. A/GH-3, Madhuban Bapudham, Ghaziabad, Uttar Pradesh. The RERA certificate, dated 6 October 2026, is UPRERAPRJ397361/10/2026, and it is valid up to 31 December 2032, the proposed completion date.
- Sanctioned plan: 346 residential units and 34 commercial shops.
- Saleable area: about 6.25 lakh sq ft residential and over 21,000 sq ft commercial, according to the filing. Some reports give different totals, so the filing figure is used here.
- Land: 8,875 sq m, acquired from the Ghaziabad Development Authority, according to reports.
- Certification: Four Star GRIHA rating, as stated in the prospectus.
- Launch: the company has said it planned to launch in October 2026. As of 14 October 2026, this article has no record of a launch taking place.
Under RERA rules, a registered project can be marketed and sold, so the registration is a precondition for sales.
About the company
Black Opal Consultants Limited was formed as a private company on 1 September 2020, and its certificate of incorporation is dated 6 September 2020. Its main business is brokerage on sales of residential and commercial properties built by third-party developers. It also provides loan syndication, advisory and inventory underwriting services.
The company's IPO raised Rs 55.08 crore, made up of a fresh issue of Rs 44.09 crore and an offer for sale of Rs 10.99 crore, at a price band of Rs 185 to Rs 197. The issue was subscribed about 73.8 times. Stated uses of the fresh issue include sales and marketing, investment in the Ayodhya project run by Aurika Developers LLP, and general corporate purposes.
Group entities include Aurika Developers LLP (76% partnership stake), Black Opal Ventures LLP (41% partnership stake) and Black Opal Technologies, a wholly owned subsidiary that runs the JustHomz digital platform.
What it means for buyers, investors and the market
For home buyers, the renewal does not change the terms of any sale. An agent's registration is a regulatory condition for the firm's brokerage activity, and buyers can check any agent's status on the UP RERA website before dealing with them.
For investors, the filing removes one open question about the company's licence in its main market. The company's revenue, profit and listing performance remain linked to Uttar Pradesh and to its ability to market projects there. Reports on the stock's first days of trading say it rose to the Rs 210 upper circuit on 8 October 2026, against an IPO price band of up to Rs 197.
What comes next
- Agent registration: valid until 28 February 2031, unless suspended or cancelled earlier under RERA rules.
- Hummingbird: the company has said it planned to launch in October 2026. Proposed completion is 31 December 2032, the date in the RERA certificate.
- Ayodhya (Veda): the company holds 153 built-up units on a 3,182.42 sq m plot through Aurika Developers LLP, under RERA number UPRERAPRJ367395/03/2025.
Frequently asked questions
What did UP RERA approve for Black Opal Consultants?
According to the company's exchange filing dated 9 October 2026, UP RERA renewed its real estate agent registration until 28 February 2031. The approval covers the company as an agent, not a building project.
Is the agent registration the same as a project RERA registration?
No. An agent registration allows a firm to broker property. A project registration is issued for a specific development and sets out its units, completion date and approvals. The Hummingbird project in Ghaziabad has its own separate RERA certificate, UPRERAPRJ397361/10/2026.
Did Black Opal's registration lapse before the renewal?
The company's prospectus said its UP RERA agent registration had expired. A separate report said the company had applied for renewal. The 9 October 2026 filing confirms the new validity period, but the sources reviewed do not show the order itself.
Where does Black Opal do most of its business?
Its operations are concentrated in Uttar Pradesh and Haryana. Uttar Pradesh accounted for 77.94% of FY2025-26 revenue and Haryana for 22.06%, according to the company's disclosures and reports. Reported bookings cover Ghaziabad, Noida, Greater Noida, Gurugram, the Yamuna Expressway and Sonipat.
When is the Hummingbird project expected to be completed?
The RERA registration for the Hummingbird project in Ghaziabad is valid up to 31 December 2032, which is the proposed completion date. The company has said it planned to launch the project in October 2026.