Purchase of Additional Land as a part of Company''s Expansion Plan.
Price
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Awaiting price reaction for this filing.
Sky Industries Ltd has purchased 3,000 sq. mts. of agricultural land in Valsad, Gujarat for Rs. 1.40 Crores from an unrelated third-party seller. This land is adjacent to a parcel the company bought in September 2024 and is part of its plan to set up a Greenfield Project. The definitive agreement is still being finalised, and the purchase price is exclusive of stamp duty and registration charges. The seller has no connection to the promoters or group companies, and there is no related party angle. The filing was made under SEBI Listing Regulations as a material event disclosure.
This is a modest but strategic land acquisition that signals the company is actively progressing on its previously announced Greenfield expansion. For shareholders, it indicates capex commitment and forward growth intent, though the project is still in early land-assembly stage with no revenue or production impact in the near term.