Symphony Limited has finalized the sale transaction for its freehold vacant land situated at Bodakdev, Ahmedabad. The property admeasures 1,254 square metres (equivalent to 13,498 square feet) and has never been used for any business operations of the Company.
The total sale consideration is ₹27.00 Crores (Rupees Twenty Seven Crores only), subject to applicable tax deduction at source as per the provisions of the Income Tax Act. This is against the carrying value of ₹5.68 Crores in the Company's books as of September 30, 2026.
The sale deed is expected to be executed on or around November 6, 2026. The buyers are Samta Agarwal and Sandeep Kumar Agarwal, who do not belong to the promoter/promoter group/group companies of Symphony Limited. The transaction does not fall within the purview of Related Party Transactions.
Upon completion, the transaction will reduce the Company's standalone net block of assets (property, plant & equipment + investment property + other intangible assets) by ₹5.68 Crores, from ₹126.48 Crores to ₹120.80 Crores. This represents the monetization of a non-operating asset and release of capital previously tied up in the investment property.
The transaction does not affect the Company's ongoing business operations as the property was vacant and never used for business operations. The disclosure is made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with relevant SEBI Master Circulars including SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.