Company Disclosure: Completion of Property Sale

Repro India Limited (Scrip Code: 532687, NSE Symbol: REPRO) has completed the sale and transfer of leasehold rights for its non-operational immovable property located at Trans Thane Creek Industrial Area, MIDC, Mahape, Navi Mumbai - 400710.

Transaction Details

Property Details: Plot No. 50/2, admeasuring 14,093 square meters

Buyer: STT Global Data Centres India Private Limited

Total Consideration: ₹282 Crores (Rupees Two Hundred and Eighty-Two Crores Only), subject to applicable Tax Deducted at Source (TDS)

Completion Date: May 22, 2026

Transaction Documents: Assignment Deed executed on May 22, 2026

Property Status and Approvals

The property was held on lease from Maharashtra Industrial Development Corporation (MIDC). The company obtained necessary approvals/consents from MIDC for effecting the transfer of leasehold rights in accordance with applicable terms and conditions.

Financial Impact and Strategic Purpose

  • The entire consideration of ₹282 Crores has been received by the company upon execution of the Assignment Deed
  • The transaction represents monetization of a non-core, non-operational asset
  • Proceeds will be utilized towards reduction of debt and strengthening of the company's balance sheet
  • This aligns with the company's strategic objective of unlocking value for shareholders

Operational Impact Disclosure

As per Annexure A disclosure requirements:

  • The property contributed no turnover, revenue, or income during the last financial year
  • The transaction does not qualify as a slump sale

Counterparty Relationship

The buyer, STT Global Data Centres India Private Limited, does not belong to the Promoter/Promoter Group/Group Companies of Repro India Limited. The transaction does not fall within related party transactions as defined under Section 2(76) of the Companies Act, 2013, Regulation 2(zb) of Listing Regulations, and applicable Accounting Standards.

Document Execution

Additional Information

The intimation has been uploaded on the company's website at www.reproindialtd.com as required by SEBI regulations.