The company has entered into an Agreement to Sell for disposal of its immovable property situated at Plot No. 434, Udyog Kendra 2, Ecotech 3, Greater Noida, 201306, Uttar Pradesh, which currently serves as the Registered Office of the Company.
Date of agreement: 09/07/2026
Expected date of completion: 09/07/2026
Total sale consideration: ₹2,53,00,000 (Rupees Two Crore Fifty-Three Lakhs Only)
Financial Impact Assessment
The manufacturing unit operating from the property contributed approximately ₹6.73 crore during the last financial year, representing around 9% of the Company's total revenue.
The proposed sale is not expected to have any material adverse impact on the Company's operations.
Operational Continuity
The Company will enter into a rent agreement with the buyer of the property post-sale completion.
Operations will continue from the existing premises under a lease/rent arrangement with the purchaser until construction and commissioning of the new manufacturing facility at Plot No. R-11A, Integrated Industrial Township, Greater Noida - 201310, Uttar Pradesh is completed.
No disruption to manufacturing activities or business operations is anticipated.
Counterparty Details
Buyer: Ms. Richa Singh, Director of Syntyche Tradex Enterprises (OPC) Private Limited
Relationship: Part of the promoter group of the company
Transaction classification: Related Party Transaction
Transaction basis: Arm's length basis, subject to applicable statutory and regulatory approvals
