Gujarat Terce Laboratories Limited has made a disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the purchase of corporate office premises.
The company has entered into an agreement for the purchase of immovable property named "Swati18" located beside Palladium Mall, S.G. Highway, Thaltej, Ahmedabad.
Key Transaction Details:
- Counterparty: The agreement was entered into with Swatisandhya Procon LLP
- Purpose: Purchase of immovable property for use as corporate office premises
- Property Size: 2012.20 square feet
- Purchase Price: ₹3.23 crores (exclusive of applicable taxes, stamp duty, registration fees, and other statutory or incidental charges payable under the agreement to sell)
- Shareholding Relationship: The company holds no shares in Swatisandhya Procon LLP
- Related Party Status: The counterparty is not related to the promoter/promoter group/group companies in any manner
- Transaction Nature: Does not fall within related party transactions and is done at "arm's length"
Financial Impact:
The transaction involves a capital expenditure of ₹3.23 crores for acquisition of corporate office premises, excluding additional statutory charges and taxes.