Shradha Infraprojects Limited has informed the Exchange about General Updates regarding Execution of Agreement to Sale for sale of the property owned by the Company at the aggregate consideration of Rs. 6.00 (Rupees Six Crore Only)
SHRADHA · price
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Shradha Infraprojects Limited has signed an Agreement to Sale on 4 January 2026 to sell its office premises — Office Block No. G1 on the ground floor of 'Shradha House' on Sardar Vallabhai Patel Marg (Kingsway), Nagpur — to an individual buyer, Mr. Shailendra Madanlal Verma. The aggregate consideration is Rs. 6.00 Crores, inclusive of all applicable taxes and duties, to be received in cash. The property covers about 378.94 sq. metres of built-up area with a 5.72% undivided share in the underlying land. The sale follows in-principle approval from the Board given on 10 September 2025.
This is a non-core asset sale that converts a piece of real estate into Rs. 6 Crore of cash, which may strengthen the company's liquidity and book a one-time gain. The size is relatively small compared to a typical realty or infrastructure balance sheet, so the near-term impact on the share price is likely to be limited unless proceeds are redeployed into a larger project.