The property is situated at Sy. No. 5/1, Thalaghattapura Village, Uttarahalli Hobli, Bangalore South Taluk, Bengaluru – 560062. It comprises a built-up area of approximately 72,560 sq. ft. and land measuring about 38,624.60 sq. ft.
The sale consideration for the property is Rs. 58.5 crores. A Sale Deed for the sale was executed on June 15, 2026.
The company states that no business operations were carried out on this property. Consequently, the sale will have no impact on the business operations of the company. The sale also does not constitute the sale of an undertaking or substantially the whole of the undertaking as per section 180(1)(a) of the Companies Act, 2013.
Annexure I Disclosures:
- Financial Contribution: The unit/division/undertaking did not contribute to the turnover, revenue, income, or net worth of the listed entity during the last financial year. (Not Applicable)
- Agreement Date: The Sale Deed was executed on June 15, 2026.
- Completion Date: The sale/disposal was completed immediately.
- Consideration: Rs. 58.50 crores was received from the sale.
- Buyer Details: The buyer does not belong to the promoter / promoter group / group companies.
- Related Party Transaction: The transaction does not fall within the purview of related party transactions.
- Scheme of Arrangement: The sale is not outside a Scheme of Arrangement.
- Slump Sale: The disclosure is not applicable for a slump sale.
The intimation is signed by Thabraz Hushain W, Company Secretary and Compliance Officer (Membership No.: A51119), in compliance with SEBI Master Circular No. HO/49/14/14(7)2025 CFD-POD2/I/3762/2026 dated January 30, 2026.