Ref No.: NLL/CS/2026- WFH August 04, 2026
Nature of Transaction
The company executed a Deed of Surrender and Sale of Leasehold Rights covering land and structures to M/s. Shree Balaji Cold Chain & Storage Services (the "Purchaser") for a total consideration of ₹9,60,00,000 (Indian Rupees Nine Crore Sixty Lakhs only). Additionally, plant and machinery located at the same premises were sold to the same purchaser for ₹1,62,00,000 (Indian Rupees One Crore Sixty-Two Lakhs only), plus applicable taxes.
Financial Impact and Unit Details
- The Narbada Industries unit was described as "inoperative" and constituted "non-core assets" of the company.
- Investment in this business unit was ₹217.69 lakhs, representing 0.37% of the company's net worth as of March 31, 2026.
- The unit generated revenue of ₹0.00 during financial year 2025-26, representing 0.00% of the company's total revenue.
Transaction Timeline
- Agreement execution date: August 04, 2026
- Transaction completion date: August 04, 2026
Counterparty Details
- Purchaser: M/s. Shree Balaji Cold Chain & Storage Services
- The purchaser does not belong to the promoter/promoter group/group companies of Nectar Lifesciences Limited
- The transaction does not qualify as a related party transaction