We wish to inform you that the Board of Directors, at its meeting held today i.e. March 6, 2026, approved the sale of land admeasuring approax. 12242 square meters, bearing Survey No. ....
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Vivanta Industries' Board has approved the sale of approximately 12,242 square meters of land at Survey No. 173/1, Village Kalana, Gujarat, to Shreenath Enterprise (a partnership firm) for a lump sum cash consideration of Rs. 1.05 Crores. The sale price equals the property's book value of about Rs. 1.05 Crores. The company clarified that no business operations were ever carried out on this land, and the sale will not affect its business. The buyer is unrelated to the promoter or promoter group, and the transaction is not a related party deal. Completion is expected by April 30, 2026, subject to due diligence and regulatory approvals.
This is a routine, non-core asset sale at book value with no impact on business operations. Shareholders will see a small one-time cash inflow of Rs. 1.05 Crores, which is unlikely to materially move the stock or change the company's strategic direction.