Summary of Key Information:
Nature of Filing / Announcement: Intimation under Regulation 30 of SEBI Listing Regulations - Sale of registered office and relocation
Date of Board Meeting / Approval: 10th June, 2026
Meeting Time: Commenced at 11:15 a.m., concluded at 11:27 a.m.
Corporate Actions:
Asset Sale:
- Sale of existing registered office premises at 901, Solaris One, Prof. N. S. Phadke Marg, Andheri East, Mumbai – 400069
- Aggregate sale consideration: Not less than ₹27,00,00,000 (Rupees Twenty-Seven Crores only)
- Purchaser: Third-party not belonging to promoter/promoter group/group companies/related parties
- Terms and conditions: As set out in the Sale Deed
- Strategic rationale: Part of Company's strategy to optimize asset base and align administrative infrastructure with operational requirements
- Legal clarification: Sale does not constitute "undertaking" as defined under Section 180(1)(a) of Companies Act, 2013
Office Relocation:
- New registered office address: 201, Solaris One, Prof. N. S. Phadke Marg, Andheri East, Mumbai – 400069
- Effective date: 1st July, 2026
- Jurisdiction: Continues under existing Registrar of Companies - ROC Mumbai I
- Reason: Consequent to proposed sale of current registered office premises
Operational Context:
- Core business operations are based out of Nashik
- Administrative infrastructure optimization strategy