Revised Disclosure under Regulation 30 of the Securities and Exchange Board of India(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ( SEBI ListingRegulations ) Sale of Land
JSLL · price
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Jeena Sikho Lifecare Limited's Board has approved the sale of approximately 48 Bigha of non-operational land located at Village Ramnagar, Tehsil Rajpura, District Patiala, Punjab to Tresco Realty Group LLP for ₹24 crore. The land forms part of a larger property on the Chandigarh-Bathinda Highway. The company has clarified that no business operations are conducted on this land, and the sale does not constitute disposal of substantially the whole of the undertaking under the Companies Act. The transaction is not a related party transaction, and no promoters, directors, or KMPs have any interest in it. The sale is expected to complete after partition (taksim) of the property, payment of consideration, and execution of the Sale Deed.
This sale is a non-core asset disposal that will generate ₹24 crore in cash proceeds without affecting the company's business operations. It does not represent a material change to the company's operating structure.