Intimation of Approval for Sale of Vaccant Immovable Property on the Name of the Company. Details enclosed herewith.
Awaiting price reaction for this filing.
Krishna Capital and Securities Ltd has received board approval to sell its vacant office property located at 604 D, Sahjanand Shopping Centre, Shahibaug Road, Ahmedabad. The property has a book value of just Rs. 0.59 Lakhs as per the last audited balance sheet (March 31, 2025), and the board has approved a sale consideration limit of up to Rs. 20 Lakhs. The property was not used for any business operations, and the sale is not part of any scheme of arrangement. The transaction is subject to legal due diligence and regulatory approvals, with expected completion on or before June 30, 2026. The company states there will be no material impact on its operations or financial position.
This is a routine, small-scale asset sale with negligible impact on the company's financials given the very low book value. Shareholders should not expect any meaningful change in business operations or stock price as a result.