Sale of Investment of 4,00,880 Preference shares, held by the Company in Capital Infraprojects Private Limited to Medanta Real Estate Private Limited for an aggregate sale consideration ....
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The board approved the sale of 4,00,880 preference shares (face value Rs. 10 + Rs. 2 premium, totaling Rs. 48.11 lakhs) held in Capital Infraprojects Private Limited to Medanta Real Estate Private Limited for Rs. 40 lakhs. The investment had already been fully written off (zero contribution to turnover or net worth), so the sale is a partial recovery of previously impaired value. The buyer is unrelated to the promoters. Separately, the redemption period for 70 lakh Zero% Non-Convertible Redeemable Preference Shares held by its parent Industrial Investment Trust Limited has been extended up to March 31, 2028, subject to shareholder approval. The board also appointed Mr. Gorakh Ingale as the new CFO and KMP effective November 12, 2025.
The share sale is financially minor (~Rs 40 lakhs on fully impaired assets) and unlikely to materially affect the stock. Preference share redemption extension is an internal holding company arrangement that defers a liability rather than removing it.