BSEKiran Print Pack LtdHighNeutral
Announced Tue, 1 Sept, 2026 · 15:24 IST
Sale of Industrial Land and Building to Promoter Group Entity for Rs 8.5 Cr
Price reaction
Awaiting price reaction for this filing.
AI summary
Kiran Print Pack board approved sale of its industrial land and building at MIDC Pawane, Navi Mumbai to M/s. Karav Innovation LLP for Rs 8.50 crores. The property generated rental income of Rs 43.70 lakhs (about 28.94 percent of total income) in FY26. The buyer is a promoter group entity, making this a related party transaction done at arm's length. Subject to shareholder approval, completion expected by March 31, 2027.
Likely market impact
Related party sale of major asset worth Rs 8.5 cr; needs shareholder approval. Removes key income-generating property from the company.