Date: September 4, 2026
Board Meeting Outcomes
The Board of Directors of Agastya Energy and Infrastructure Limited at its meeting held on September 4, 2026 (commencing at 12:30 PM and concluding at 12:45 PM) approved:
- Sale of the Company's property situated at Plot No. 1133, GIDC Chhatral Phase IV, Kalol, Gandhinagar - 382729, Gujarat, together with assets forming part thereof
- Buyer: AAG Capital Holdings Private Limited (formerly known as Growth Harvest Private Limited)
- Consideration: ₹12.54 Crore (Rupees Twelve Crore Fifty Four Lacs Only)
- The transaction is with a related party of the Company
- Terms and conditions to be finalized by the Board
Disinvestment / Strategic Actions
Property Details:
- Location: Plot No. 1133, GIDC Chhatral Phase IV, Kalol, Gandhinagar - 382729, Gujarat
- Includes assets forming part of the property
Financial Contribution:
- The property contributed ₹176 Crore to the company's standalone turnover as of March 31, 2026
- Company does not have any subsidiaries
Transaction Details:
- Agreement date: September 4, 2026
- Expected completion: During FY 2026-27
- Consideration: As per the agreement (₹12.54 Crore)
Buyer Information:
- Buyer: AAG Capital Holdings Private Limited
- Relationship: Related party transaction - One of the relatives of a Director is a Director in the related party
Regulatory Compliance:
- Transaction classified as related party transaction
- Stated to be executed on arm's length basis
- Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026
Additional Information:
- The sale is outside Scheme of Arrangement (not applicable)
- Not a slump sale (not applicable)