Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015
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Gujarat Poly Electronics has signed a deed of assignment to sell its leasehold land (12,022.40 sq metres) and factory building at Gandhinagar Electronic Estate to Tirex Transmission Private Limited for Rs. 29 crore. The property accounts for 100% of the company's turnover (Rs. 1,779.24 lakhs in the last financial year). Shareholders approved the deal on September 1, 2025, and the Gujarat Industrial Development Corporation (GIDC) issued a provisional transfer order on October 1, 2025. The company says it has arranged to shift operations to a new location and that turnover will not be affected. The buyer is not a related party, and the transaction is at arm's length.
This is a significant asset sale — the property being sold represents 100% of the company's revenue base. Investors should watch for updates on the new operating location, as the company's claim that continuity of operations will not be affected is a key reassurance. Final completion awaits further GIDC clearances.