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Awaiting price reaction for this filing.
Gujarat Poly Electronics has entered into a Deed of Assignment to transfer its leasehold rights in sub-plot B-17/P/5 at the GIDC industrial estate in Gandhinagar, Gujarat. The sub-plot covers 1,269 square meters and forms part of a larger plot (B-17/P) of 6,240 square meters. The company has received a provisional transfer order from GIDC, with the assignment subject to fulfillment of certain conditions and receipt of the final transfer order. No financial consideration or buyer details have been disclosed in this filing.
This represents a partial disposal of land/leasehold rights, which could unlock some capital for the company, but the lack of disclosed consideration or buyer identity means shareholders have limited visibility into the financial significance at this stage.