Steel Strips Infrastructures Ltd has executed a Sub-Lease Deed dated November 6, 2026 with M/s. SMC Enterprises Private Limited of New Delhi for the sale of four shops held as stock-in-trade at SAB Mall, Noida. This follows previous communications dated June 5, 2026 and September 6, 2025.
Transaction Details
The sub-lease covers four specific properties: M-15-A, M-11, Basement, and Rooftop units situated at SAB Mall, Plot No. 331, Block-E, Sector-27, Noida, District Gautam Budh Nagar, Uttar Pradesh. The transaction was completed after clearance of NOIDA Authority dues and completion of related formalities.
Financial Considerations
The balance consideration amount of ₹1.25 crore has been received by the company. The transaction represents the sale of remaining shops in the company's inventory at this location.
Financial Impact Assessment
According to Annexure-1 disclosures:
- The SAB Mall property contributed ₹136.03 lakhs (97.93%) of the company's revenue or income during the last financial year ended March 31, 2026
- This revenue was generated from rental income, hoarding & publicity charges, parking area receipts, and maintenance/lease/power backup charges
- The property contributed nil to net worth as the company is loss-making
Buyer Information
The buyer, M/s. SMC Enterprises Private Limited of New Delhi, operates predominantly in logistics and supply chain sectors. Their main business activities include Supply Chain, Warehousing, Real Estate, Commercial Real Estate, and Trading. The buyer is not related to the promoter/promoter group of Steel Strips Infrastructures Ltd.
Effective Date
The sale/disposal was completed immediately on November 6, 2026, with the execution of the Sub-Lease Deed.