Key Transaction Details

  • Asset Sold: Land pertaining to the company's closed Paper Plant.
  • Location: Survey No. 339, Village Korani 18, Taluka & District Gondia-441601, Maharashtra.
  • Execution Date: Sale deed executed on 2nd September, 2026.
  • Transaction Completion: Expected completion date is 2nd September, 2026.
  • Consideration: Total consideration of ₹25,00,000 (Rupees Twenty Five Lakhs only) received.

Financial Impact & Operations

  • The said land did not contribute any turnover, revenue, or income during the last financial year.

Counterparty Information

  • Buyers: Mr. Mohammed Yasin Ashimuddin Sheikh and Ms. Nusrat Parvin Zahid Khan Pathan.
  • Relationship: The buyers do not belong to the promoter/promoter group/group companies of the Company.
  • Transaction Type: Does not fall within related party transactions and is not a related party transaction.

Regulatory & Governance Context

  • Scheme Status: The sale of the land is outside any Scheme of Arrangement.
  • Shareholder Approval: The Company obtained approval from its Members at the Annual General Meeting held on August 4, 2026, for the sale of this land.
  • Transaction Structure: The transaction does not constitute a slump sale.

Filing Details