Pursuant to Regulation 30 of the SEBI (LODR), Regulation, 2015 the outcome of Board meeting held on 13th January 2026 at the registered office for consider and approved the change of registered ....
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Awaiting price reaction for this filing.
The board, at its meeting on 13 January 2026, approved selling a company-owned property at B-4/51 Safdarjung Enclave, New Delhi (entire basement and ground floor) to Director Mr. Ankur Gogia for ₹5.05 crore. The price is based on an independent valuation dated 10 January 2026 and is treated as an arm's length transaction. Because the value crosses the SEBI materiality threshold, the deal is classified as a material related party transaction and needs shareholder approval through a special resolution, as required under Section 180(1)(a) and 188 of the Companies Act, 2013. The Audit Committee cleared it, and the interested director did not vote on it. Separately, the board approved shifting the registered office within Delhi, from Safdarjung Enclave to Basant Lok, Vasant Vihar.
Shareholders will be asked to vote on the proposed property sale to a director; since the price is supported by an independent valuation and is at fair market value, the deal should not raise governance red flags, though it does reduce the company's real estate assets by ₹5.05 crore in exchange for cash.