Pursuant to Reg 30 we want to inform that the company has purchased a property
SYNCOMF · price
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Syncom Formulations India Ltd has successfully completed the purchase of the entire 7th floor of Trade Star building, Andheri-Kurla Road, Andheri (East), Mumbai from HDFC Bank Ltd. The total consideration paid was Rs. 57,26,00,000 (Rupees Fifty-Seven Crore Twenty-Six Lakhs only). The company stated that the bid was accepted by HDFC Bank and the acquisition is material in nature. The transaction was completed on May 4, 2026.
This Rs. 57.26 crore real estate acquisition is disclosed as material and represents a significant capital expenditure for the company. While it diversifies assets into owned commercial property, it may impact cash reserves and near-term financial flexibility.