With reference to the above, we wish to inform you that the Board of Directors of the Company in their meeting held today i.e., on Thursday, March 05th 2026, inter-alia approved: 1. ....
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The board of Alfavision Overseas (India) Ltd, at its meeting on March 5, 2026, approved an amended lease agreement covering 220 acres of land in Village Saras, Tehsil Icchawar, District Sehore (Madhya Pradesh), spread across seven different parcels. The land is being leased from promoter and promoter-related entities, including M/s Bhagwan Farms Pvt Ltd, Bhagyarekha Capital Market Pvt Ltd, L K Investment & Trading Pvt Ltd, Rekha Securities Pvt Ltd, Mr. V P Goyal, Alfa Valley Infra Pvt Ltd, and Alfavision Fibres Pvt Ltd. The lease term is 5 years, with a total lease deposit of roughly Rs. 111.35 crore across five of the seven parcels (two parcels have no specified deposit amount). Profit from the leased land will continue to be shared between the company (lessee) and the lessors in a 60:40 ratio, and all other terms of the original lease remain unchanged.
This is a related-party transaction since all lessors are promoter-linked entities, so retail investors may want to monitor any governance disclosures or shareholder approvals that follow. The 5-year lock-in of 220 acres suggests the company is committing significant capital (over Rs. 111 crore in deposits) to its land-based business, which could influence future earnings depending on how the leased land performs.