Announcement under Regulation 30 SEBI (LODR) (Sale of immovable property - Vacant land)
VISAKAIND · price
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Visaka Industries has sold a vacant land parcel measuring 1,27,789 square meters located in Kalyangadh and Ranesar villages, Bavla Taluka, Ahmedabad District, Gujarat, to M/s. Unison Pharmaceuticals Private Limited. The sale was executed and registered on June 19, 2025, for a total consideration of Rs. 45.30 crores (Rs. 45,29,80,000). The buyer is an Ahmedabad-based third party with no connection to the company's promoters or promoter group, making this a non-related party transaction. The company has classified the property as non-strategic immovable property (vacant land), and the transaction was completed on the same day as the agreement.
This is a routine asset sale of non-core, non-strategic vacant land that will bring in Rs. 45.30 crores of cash to the company. For shareholders, this is a positive cash inflow but unlikely to materially affect the stock price since it does not involve any core business or operational assets.