Disclosure Nature
Regulatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding acquisition of immovable property.
Transaction Details
The Company has acquired an immovable property situated at 1st Floor of Phase-1 of Tower B (FBD One) IT Park located at Delhi-Faridabad Border, Zero Meters from Delhi, Sector-37, Faridabad Bye pass Road, Village - Anangpur Tehsil and District Faridabad-Haryana.
Property Specifications
The property admeasures 2599.86 Sq.Ft. Covered Area, consisting of 1838.83 Sq. Ft commercial space plus 761.03 Sq. Ft balcony area. The property is designated for commercial and office use.
Financial Consideration
Total purchase consideration: ₹2,00,00,000.00 (Rupees Two Crores Only)
Transaction Date
Property acquisition completed on September 18, 2026
Payment Method
Bank transfer/Cash
Counterparty
Seller: Dove Infrastructure Private Limited
Funding Source
Internal accruals
Property Title
Freehold possession/title
Regulatory Approvals
The Seller has obtained all requisite approvals from the concerned authorities for the land when required.
Strategic Rationale
The acquisition has been undertaken with a view to support the Company's operations and facilitate future expansion, establish additional infrastructure to meet the Company's long-term strategic requirements. The acquisition is expected to enhance the Company's operational capabilities and provide adequate infrastructure for its anticipated business growth.
Materiality Assessment
The value of the transaction exceeds the materiality threshold prescribed under Regulation 30(4) of the SEBI LODR Regulations.
Transaction Basis
Purchase consideration arrived at on an arm's-length basis in accordance with applicable laws and internal approval processes.
Operational Impact
The transaction does not have any adverse impact on the operations of the Company.