JK Agri Genetics Ltd disclosed that its Board of Directors, at a meeting held on 30th October 2026, approved the transfer of the company's leasehold rights in respect of non-operational immovable property to Sai Life Sciences Limited.
The property details:
- Location: IKP Knowledge Park, Turkapally Village, Shameerpet Mandal, Medchal-Malkajgiri District, Telangana
- Area: Approximately 5.28 acres
- Nature: Leasehold rights
Transaction terms:
- Total consideration: ₹19.80 crore (Rupees Nineteen Crore and Eighty Lakh only)
- Payment method: To be received by way of demand draft upon completion of transfer
- Expected completion timeline: Within one month from the date of disclosure
- Subject to: Terms and conditions agreed between parties and receipt of necessary approvals and permissions from relevant authorities
Financial impact assessment:
- The asset generated no revenue or income during the last financial year
- Revenue contribution from the asset was Nil in the previous financial year
Counterparty details:
- Buyer: Sai Life Sciences Limited
- Business: Contract Research, Development and Manufacturing Organization (CRDMO) serving global pharmaceutical and biotechnology industries
- Relationship: Not belonging to promoter/promoter group/group companies
- Not a related party transaction
Regulatory compliance:
- Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Reference SEBI Master Circular: HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026
- Transaction does not fall under Regulation 37A of LODR Regulations as it does not constitute an undertaking or substantially the whole of the undertaking under section 180(1)(a) of Companies Act, 2013
- Not part of any Scheme of Arrangement
Purpose: The transaction is intended to monetize the company's leasehold rights in the said land to strengthen company's cash flow and optimize financial resources.