General disclosure pertaining sale of investment of the Company
Price
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Awaiting price reaction for this filing.
Kalind Ltd (formerly Aruni Abode Limited) is selling a small office space of 10.22 square meters along with one stack car parking at Hubtown Viva, Jogeshwari West, Mumbai, to Mrs. Aradhana Maurya, proprietor of M/s. Divine Chemicals Company. The sale consideration is Rs. 1.10 crore (one crore ten lakhs). The company has confirmed the property was never used for any business operations, so the sale will have no impact on ongoing business. The buyer is unrelated to the promoters or group companies, making this an arm's length transaction with no related party concerns. Registration and formalities are expected to be completed in due course.
This is a routine divestment of a non-operating investment property worth Rs. 1.10 crore and is unlikely to materially affect shareholders or the stock price. The proceeds will add to the company's cash position but the asset being sold is immaterial in size relative to a typical listed entity.