Intimation for sale of property of the Company by executing a sale deed
Price
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Awaiting price reaction for this filing.
Rap Corp Ltd has sold an immovable property located at Plot No. 3C, Tajnagari Yojana Phase-1, Agra, Uttar Pradesh, by executing a sale deed on 31st July 2025. The property was held as stock-in-trade and contributed no turnover or revenue to the company in the last financial year. The buyer is GSM India, a partnership firm, which is not related to the promoters. The total consideration for the sale is approximately Rs. 62.12 Crores, with completion expected immediately. The sale was originally approved by shareholders at the 27th AGM held on 30th September 2021.
This is a one-time asset sale worth Rs. 62.12 Crores that should boost the company's cash reserves. Since the property contributed no revenue, the sale is unlikely to affect ongoing operations and may be viewed positively by investors as a monetisation of non-core assets.