Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, please find enclosed further update with respect to sale of the Company Property situated at Hyderabad, Telengana.
Price
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Sumedha Fiscal Services Ltd has executed an Agreement of Sale on May 21, 2026, for the sale of its property located at 309/1, 3rd Floor, Krishna Plaza, Khairatabad, Hyderabad, Telangana. The total consideration is Rs. 35,00,000 (35 lakh). The company has already received Rs. 8,75,000 as advance on May 19, 2026, and Rs. 6,24,323 on May 21, 2026. The balance payment will be received within 45 days from execution. The buyer is Mr. Dangeti Prabhaka Rao, a private individual who is not part of the promoter group or related companies. The transaction is not classified as a related party transaction and is not part of any scheme of arrangement.
This is a routine real estate disposal for a non-operating asset. The property does not contribute to the company's turnover or income, so this sale will have minimal impact on the company's core operations or financials. Shareholders can expect a small cash inflow of Rs. 35 lakh.