Enclosed is the the Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Orosil Smiths India Limited has sold its property located at A-89, Sector-2, Noida (which served as the company's corporate office) to Mr. Sanidhya Garg for Rs. 27 Crore. The sale agreement was signed on April 9, 2025, with expected completion by May 31, 2025. The buyer is not related to the company's promoters or promoter group, and the property did not generate any turnover or revenue during the last financial year. The transaction is based on a special resolution passed by shareholders in September 2016 under Section 180(1)(a) of the Companies Act, 2013.
This is a significant cash inflow of Rs. 27 Crore for a small-cap company. Shareholders should note that the company is divesting its corporate office asset — while this boosts liquidity, it raises questions about future operational plans and whether the company will lease new premises or restructure operations.