BSEInd-Swift LtdHighNeutral
Announced Mon, 7 Apr · 18:32 IST

Please refer attached pdf.

Strategic Transactions View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Ind-Swift Ltd has completed the sale of an industrial land and building measuring 3 Bighas in District Sirmaur, Himachal Pradesh for a total consideration of Rs. 85 Lakhs. The property had been non-operational for many years and contributed nothing to the company's turnover or profits. The buyer is M/s. Kamlesh Deh Raj Pharma, an unrelated party, and the sale deed was registered on April 7, 2025. The company has confirmed this is not a related party transaction and does not constitute a sale of substantially the whole undertaking under Section 180(1)(a) of the Companies Act, 2013. The sale is not part of any scheme of arrangement.

Likely market impact

The sale is immaterial to shareholders — it monetises a non-operational, non-income-generating asset for a small Rs. 85 Lakhs with no impact on business operations, earnings, or the company's core pharma business.