Intimation under Regulation 30 of SEBI (LODR) Regulations 2015 - for sale of Land
Price
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Awaiting price reaction for this filing.
Ajwa Fun World & Resort Ltd has sold two parcels of land in Village Rayantalawadi, Taluka Waghodia, District Baroda, totaling about 95,252 square meters, to Godrej Projects Development Limited for approximately Rs. 56.86 crore (at Rs. 5,968.37 per sq meter). The land was previously used as an amusement park, which the company had already shut down. The board had approved the sale back in July 2024, and the deal is expected to be completed by July 31, 2025. The buyer is unrelated to the company's promoters, and the transaction is not a related-party deal.
Shareholders should view this as a one-time cash inflow of roughly Rs. 56.86 crore from a non-operational asset, which strengthens the company's balance sheet and liquidity. Since the amusement park had already been closed, there is no impact on continuing business operations.