Revised Disclosure under Regulation 30 of SEBI (LODR) Regulation, 2015 - Sale of Land
JSLL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jeena Sikho Lifecare Ltd's board approved the sale of approximately 48 Bigha of non-operational land situated at Village Ramnagar, Tehsil Rajpura, District Patiala, Punjab (along the Chandigarh-Bathinda Highway) to Tresco Realty Group LLP for ₹24 crores. The Agreement to Sell was executed on 7th May 2026 and the transaction was placed before the board on 8th May 2026 for approval. The company explicitly states that no business operations are carried out on the land being sold, the sale does not constitute disposal of an undertaking or substantially the whole of the undertaking, and the transaction does not qualify as a related party transaction. The purchaser has no connection to the promoters or promoter group of the company. This is a revised disclosure filed on 9th May 2026 to incorporate the board meeting commencement (5:00 PM) and conclusion (5:30 PM) timings.
The sale of non-operational land for ₹24 crore is a positive one-time event that will boost the company's cash reserves without affecting its ongoing business operations. It does not signal any distress or restructuring of core activities.