Intimation pursuant to Regulation 30 of the Securities and Exchange Board of India (LODR) Regulation, 2015 for sale of Company''s property situated at 309/1 on 3rd Floor of ''Krishna Plaza'', ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sumedha Fiscal Services Ltd has disclosed the sale of its property located on the 3rd floor of 'Krishna Plaza' in Khairatabad, Hyderabad. The total sale consideration is Rs. 35,00,000 (Rs. 35 lakhs). The company has received an advance of Rs. 8,75,000, which represents 25% of the total consideration. The buyer is an individual, Mr. Dangeti Prabhakarao, who is not connected to the promoter or promoter group. The transaction is not a related party transaction and is being conducted at arm's length. The sale is expected to be completed, via execution of the Deed of Conveyance, on or before May 31, 2026. The property contributed no turnover or net worth in the last financial year, indicating it is likely a non-core asset.
The sale of a non-core property for Rs. 35 lakhs with no related party involvement is a routine asset disposal and is unlikely to have any material impact on the company's stock price or financials.