Intimation Under Regulation 30 of SEBI ( listing Obligations and disclosure Requirements ) Regulations ,2015 Acquisition of immovable Property through sale certificate issued by debt Recovery ....
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Awaiting price reaction for this filing.
VJTF Eduservices Ltd has acquired an immovable property of approximately 51,800 square feet located at Yashwant Niwas Road, North Tukoganj, Indore, Madhya Pradesh. The property was acquired through a public auction conducted under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, in the matter of State Bank of India vs. Nandlal Bhandari & Sons Pvt. Ltd. & Others. The Sale Certificate dated May 07, 2025, was issued by the Recovery Officer, Debt Recovery Tribunal, Jabalpur under Recovery Certificate No. TAEX/74/2002. The company is now in the process of completing registration formalities with the Sub-Registrar Office, Indore. The company has clarified that this is not a related party transaction under Regulation 23 of SEBI LODR.
The company gains a sizeable real estate asset in a prime Indore location at a likely favourable auction-driven price, which could strengthen its asset base. However, the filing does not disclose the acquisition cost or intended use of the property, so the financial and strategic impact for shareholders remains unclear at this stage.