Intimation under Regulation 30 of SEBI (LODR) Regulation, 2015 - Transfer of Leasehold Rights.
VISAKAIND · price
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Visaka Industries has completed the transfer of leasehold rights over a 7-acre land parcel along with a building located at Mahindra World City, Chennai to Caresoft Global Mobility Technologies Private Limited. The total consideration was Rs. 32.86 Crores, of which the company has received Rs. 32.53 Crores after TDS deduction of Rs. 32.86 Lakhs. The lease deed was executed and registered on February 12, 2026. The company has classified this as a non-strategic asset, and the buyer is unrelated to the promoter group. No related party transaction or scheme of arrangement is involved.
This is a one-time inflow of around Rs. 32.53 Crores from monetising a non-core, non-strategic land asset. It will marginally boost the company's cash position but is unlikely to materially affect operations or long-term shareholder value, as the asset was not part of core business activities.