VIP Industries Limited has informed the Exchange about General Updates
VIPIND · price
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Awaiting price reaction for this filing.
VIP Industries has entered into a binding agreement to sell its non-core land parcel in Nashik (Survey No. 854/3, Nashik-Pune Highway) for INR 24.28 crores on an 'as is where is' basis. The buyer is DGP Realty Nashik Private Limited, a wholly owned subsidiary of DGP Securities Limited, which forms part of VIP's Promoter Group. The transaction qualifies as a related party transaction, though the company states it is not a material related party transaction under SEBI Listing Regulations and has been carried out at arm's length. The disclosure is being made under Regulation 30 of SEBI LODR, 2015. No shares are being issued and no loans are involved as part of this deal.
This is a minor, non-material monetisation of an idle non-core land asset and is unlikely to have any meaningful impact on the stock price or shareholder value. The related-party nature is fully disclosed, but since the deal is below materiality thresholds and at arm's length, it is largely a housekeeping event for investors.