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Awaiting price reaction for this filing.
The Board of Gujarat Poly Electronics Limited approved acquiring leasehold rights of land along with a factory/building of approximately 800 square meters at Gandhinagar Electronic Estate, Gujarat. The deal is with Mrs. Rekha Dipakumar Mehta and is valued at Rs. 3.65 crores, excluding stamp duty, registration fees, GIDC transfer fees, and other related expenses. The agreement will be executed once the company receives a Provisional Transfer Order (PTO) from GIDC. The transaction is not a related party transaction and there is no shareholding involved with the counterparty.
This is a moderate expansion move — the company is adding operational infrastructure (factory space) at a defined cost of Rs. 3.65 crores. For shareholders, it signals capacity-related spending, though the size is relatively small, and execution is contingent on receiving the GIDC transfer order.