Shree Ram Proteins Limited has informed the Exchange about General Updates
Awaiting price reaction for this filing.
Shree Ram Proteins Limited (SRPL) informed the exchange that at its Extra Ordinary General Meeting held on March 5, 2026, shareholders approved the sale of a parcel of land located at Survey No. 54 P3, Bhunava, Gondal, Rajkot, to Sova Agrotech Private Limited for a total consideration not exceeding Rs. 30 crore, payable in one or more tranches. The transaction qualifies as a Related Party Transaction because Promoter Ms. Geetaben Lalitbhai Vasoya is also a Director in Sova Agrotech, though the deal is being done on an arm's length basis at a price determined by an independent valuation. The agreement for sale and completion are both expected in April 2026. Management says the sale will help streamline the asset base, cut maintenance and holding costs, and let the company focus on its core business.
Short-term positive on cash flow with up to Rs. 30 crore expected to come in by April 2026, though the related-party nature and absence of contribution to turnover mean limited direct impact on earnings. Investors should watch how the proceeds are deployed.