Key Quantitative Figures
- Total sale consideration: ₹2,98,08,000 (Rupees Two Crore Ninety Eight Lakhs Eight Thousand Only)
- Contribution to turnover/revenue/income during last financial year: NIL
- Contribution to net worth during last financial year: NIL
Dates of Action
- Board approval date: October 1, 2026
- Agreement execution date: November 7, 2026
- Expected completion date: On or before January 15, 2027 (subject to fulfillment of terms and conditions)
Parties Involved
Seller: Tirupati Starch & Chemicals Limited
Buyers:
- Mrs. Usha Doshi W/o Mr. Vipin Doshi
- Mr. Arpit Doshi S/o Mr. Vipin Doshi
- Address: 06 Parsi Mohalla, Jain Mandir ke Pass, Main Road, Chhawni, Indore (MP) 452001 IN
Property Details
- Location: 181, Jaora Compound, Indore (M.P.) - 452001
- Type: Immovable property
Transaction Characteristics
- Not a related party transaction
- Buyers do not belong to promoter/promoter group/group companies of the Company
- Transaction conducted at arm's length
- Not pursuant to or part of any Scheme of Arrangement
- Does not constitute sale, lease or disposal of an undertaking or substantially the whole of the undertaking
- Not a slump sale
Financial Impact
- The property contributed NIL to turnover/revenue/income during the last financial year
- The property contributed NIL to net worth during the last financial year
- Consideration of ₹2.98 crore to be received upon completion
Completion Conditions
Subject to fulfillment of all terms and conditions of the agreement.