Sale of Coimbatore Land for Rs. 86.16 Crores via Sale Deed

Sold non-operational land at Chinnavedampatty, Coimbatore (about 783.25 Cents) for Rs. 86.16 crores via a Sale Deed executed on September 30, 2026.

Wed 30 Sep 2026

Land Area

approximately 783.25 Cents

Sale Consideration

Rs. 86.16 crores

Sale Deed Execution Date

September 30, 2026

Buyer

Shivasakthi Real Estates, Chennai

Buyer Affiliation

not part of the promoter group

What happened

The company informed the exchanges that it has sold an immovable property (land) located at Thudiyalur, Saravanampatty Road, Chinnavedampatty, Coimbatore District.

• Area: approximately 783.25 Cents
• Consideration: Rs. 86.16 crores
• Sale Deed executed on September 30, 2026
• Expected completion of sale: immediate

Buyer

• Shivasakthi Real Estates, Chennai
• The purchaser does not belong to the promoter, promoter group or group companies
• Related party transaction disclosure: Not Applicable

Company's stated impact

No business operations of the company were carried out on this land, so the company states the sale will not have any impact on its business operations. The sale also does not constitute an undertaking or substantially the whole of the undertaking under section 180(1)(a) of the Companies Act, 2013.

How investors may read it

This is a disposal of a non-operational land asset that converts property into cash consideration of Rs. 86.16 crores. Since no operations ran on the land, the transaction is largely balance-sheet oriented rather than affecting day-to-day retail business.

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