Intimation for sale of Land to Godrej Properties value at Rs. 115.71 Cr Approx.
Price
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Kesar India Ltd has sold a parcel of land situated at Mauza Takli, Tahsil Hingna, District Nagpur to Godrej Skyline Developers Limited, a Godrej Properties group company, for approximately Rs. 115.71 Crores. Both the agreement for sale and the expected completion date are November 20, 2025. Notably, the company had only acquired this land about six months ago in May 2025, and the asset had not contributed any turnover or revenue during that period. Shareholders had already approved the sale through a postal ballot on November 8, 2025. The buyer is not related to Kesar India's promoter group, and the transaction is not a related-party deal.
This is a quick land flip that will bring in roughly Rs. 115.71 Cr of cash into the company, potentially boosting short-term liquidity and book value. For shareholders, the key question is what Kesar India does with this cash — whether it is redeployed into its core operations or used for further real-estate-type trades.