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Narendra Properties has disclosed the sale of one residential flat at its NPL Grand Melody project located at 10, Woods Road, Royapettah, Chennai, for a value of ₹362.64 lakhs (about ₹3.63 crores). The sale was carried out on October 31, 2025, and triggered the disclosure because it exceeded 2% of turnover as per SEBI LODR norms. The transaction amount equals 40.19% of the company's total income of ₹902.27 lakhs recorded in its last audited financial statements (year ending March 31, 2025). The filing clarifies that the sale is not a related party transaction and was done in the ordinary course of business. The disclosure is signed by the company's CFO, Jitesh D Maher.
A single flat sale accounting for over 40% of the company's total annual income highlights that Narendra Properties is a small-revenue company where individual transactions heavily influence results. For shareholders, this signals meaningful revenue contribution from the NPL Grand Melody project but also points to earnings volatility since one sale can swing a large portion of annual income.