Shradha Infraprojects Limited has informed the Exchange about General Updates regarding Execution of Sale Deed with M/s. Hariom Real Estate for sale of the Company s property at an aggregate consideration of Rs. 2.40 Crores (Rupees Two Crore Forty Lakhs only).
SHRADHA · price
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Shradha Infraprojects Limited (listed as Shradha Realty Limited) has informed the exchange about executing a sale deed with M/s. Hariom Real Estate. The company is selling one of its properties for an aggregate consideration of Rs. 2.40 Crores (around Rs. 2.4 crore). This is a one-time property disposal transaction with a private buyer, not a recurring business order. No details were shared on the book value of the property or the resulting gain/loss.
This is a minor asset sale that will bring in Rs. 2.40 Crores of cash for the company, but the amount is small relative to typical company operations. Shareholders may view it as modest balance sheet cleanup or non-core asset monetisation, with limited impact on stock price.