Intimation for Execution of sale deed
Price
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Lippi Systems Limited has executed a sale deed on 17th November 2025 to sell its factory property at Rakanpur, Gandhinagar, Gujarat to Kshetrapal Realty LLP for a total consideration of Rs. 9.00 Crores. The property includes 7,770 sq. metres of non-agricultural land along with 6,141.86 sq. metres of built-up area comprising an industrial unit, commercial unit, residential unit, and electronic sub-station. The sale was approved by the Board of Directors on 14th August 2024 and by shareholders at the 31st AGM on 30th September 2024. The buyer is not a related party, holds no equity in the company, and no special rights have been granted under the deal.
The company will receive Rs. 9 Crores in cash from selling its factory property, which may affect its future manufacturing capacity at this location. Shareholders should watch for updates on how the company plans to continue operations and deploy the sale proceeds.