Nature of the Event
Sayaji Industries Limited has completed the sale of its idle land through execution of a conveyance deed, disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Quantitative Figures
- Land area sold: 63,787 square meters
- Sale consideration: ₹73,00,00,000 (Rupees Seventy-Three Crore Only)
- The land contributed Not Applicable to turnover/revenue/income or net worth during the last financial year
Dates of Action
- Agreement execution date: 19th October, 2026
- Expected completion date: 19th October, 2026 (immediate completion)
- Disclosure date: 19th October, 2026
Property Details
- Location: Survey No. 1300 (old survey No. 174), Final Plot No. 34/2
- Address: Village Kathwada, Taluka Dascroi, District Ahmedabad-382430, Gujarat, India
- Property classification: Idle land
Parties Involved
- Seller: Sayaji Industries Limited
- Buyer: Third party (not belonging to promoter/promoter group/group companies)
- Transaction does not qualify as related party transaction
- Transaction conducted at arm's length basis
Transaction Characteristics
- Does not fall within Scheme of Arrangement
- Not a slump sale (Not Applicable)
- Full consideration received upon execution