Sale of residual part of non-operational Dehradun plant for Rs.4.5 Crore
Hirect has sold the residual part of its non-operational Dehradun plant (Village Chharba, Vikas Nagar) via a sale deed dated September 24, 2026.
By ScoutQuest · · 1 min read
- Sale Consideration
- Rs.4.5 Crore
- Sale Deed Date
- September 24, 2026
- Asset Status
- Non-operational since 2023
- Buyers
- Mrs. Avantika Saklani and Mr. Sureshchand Saklani
What happened
Hirect Limited (formerly Hind Rectifiers Limited) has sold the residual part of its non-operational Dehradun plant by entering into a sale deed. The property is at Village Chharba, New Khasra No. 64 to 67 & 74, Chharba Langha Road, Vikas Nagar, Dehradun, Uttarakhand. This follows earlier communications dated June 22, 2026 and November 6, 2025, indicating the disposal happened in parts.
Deal terms
- Consideration received: Rs.4.5 Crore
- Date of agreement for sale: September 24, 2026
- Expected date of completion: September 24, 2026
Buyers and relationship
- Buyers are Mrs. Avantika Saklani and Mr. Sureshchand Saklani.
- They are not related to the promoter, promoter group or group companies.
- The transaction does not fall within related party transactions.
Impact on operations
The company has stated that turnover, revenue, income and net worth contribution details are not applicable because the Dehradun plant has been non-operational since 2023. So the sale removes an idle asset rather than an operating business.
How investors may read it
Monetising a non-operating property brings in cash without affecting ongoing operations. The transaction is also outside any Scheme of Arrangement considerations and is not a slump sale.
More numbers
- Consideration received from saleRs.4.5 Crore
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