We hereby inform that the Company has executed the Sale Deed on 18th August, 2025 to sell the property of the Company.
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Awaiting price reaction for this filing.
Cryogenic Ogs Ltd has sold a property located at 187 Por GIDC, Por Ramangamdi-Por, Vadodara, Gujarat, for a total consideration of Rs. 1.43 Crores. The Sale Deed was executed on 18th August 2025, with the buyer being Ms. Hetalben Kirtesh Patel, who is unrelated to the company's promoters or group companies. The Board of Directors had earlier approved the sale (up to Rs. 1.43 Crores) at its meeting on 7th December 2024. The company has clarified that this sale does not amount to a sale of its whole undertaking or substantially the whole of its undertaking under Section 180(1)(a) of the Companies Act, 2013. The company's core business continues to be manufacturing oil and gas metering and filtering equipment.
This is a routine asset sale that brings in Rs. 1.43 Crores of cash without affecting the company's core manufacturing operations. Likely minimal impact on stock price as it is a small, non-core property disposal.