Execution of Non Binding MoU for sale of Barnesbeg Tea Estate of the Company.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Goodricke Group Ltd has signed a non-binding MoU to sell its Barnesbeg Tea Estate to Mr. Akshay Shankar Das for Rs. 4.5 Crores (excluding taxes), subject to due diligence. The estate contributed just Rs. 2.29 Crores, or 0.25% of the company's total turnover, and 0.65% of net worth in FY25, with an average own crop of 44,000 kgs of tea. The buyer is not a related party, and shareholder approval for the disposal was already obtained via a postal ballot concluded in January 2026. A definitive sale agreement is expected by March 31, 2026.
The transaction is very small relative to the company's overall size, so the impact on revenue and earnings will be negligible. It frees up a modest Rs. 4.5 Crores in cash but is unlikely to move the stock price meaningfully.