Sale agreement signed to buy 4.5 acres of land for Rs. 4.65 crores
National Fittings entered a sale agreement and bought 4.5 acres (19,020 sq. m) of agricultural land at Mudhela Village, Savli Taluka, Vadodara for INR 4.65 crore, excluding stamp duty, registration charges and taxes.
By ScoutQuest · · 2 min read
- Land Area Acquired
- 4.5 acres (19,020 sq. m)
- Consideration
- INR 4.65 crore, excluding stamp duty, registration charges and taxes
- Funding Source
- internal accrual
What was announced
- The company entered into a sale agreement on 21.10.2026 and bought 4.5 acres of land, described in the annexure as an agricultural land parcel measuring approximately 19,020 Sq. meters.
- The property is at R. S. 302, Khakariya Road, Mudhela Village, Savli Taluka, Vadodara District - 391510, Gujarat.
- The stated purpose is purchase of land for the Company.
The price
- Total consideration is INR 4.65 crore (Rupees Four Crore Sixty Five Lacs only).
- This amount is exclusive of stamp duty, registration charges and taxes, so the actual cash outflow will also include those charges on top of the stated price.
- The source of funding is internal accrual, meaning the company is paying from its own funds rather than disclosing a borrowings route.
Who is selling
- The counterparties are four individuals: Girishbhai Ishvarbhai Patel, Milaben Girishbhai Patel, Miteshbhai Girishbhai Patel and Sumitkumar Girishbhai Patel.
- The update states the counterparty is not related to the promoter / promoter group in any manner.
- It also states the transaction does not fall within related party transactions.
What the update says about impact
- On the extent and nature of impact on management or control of the listed entity, the update records Not Applicable.
- No shareholding is involved, as the agreement is with individuals, and the "any other disclosures" column is marked NIL.
How a retail reader can look at it
- This is a plain asset purchase intimation: land is being bought for the company, paid for out of internal accrual, from unrelated individuals.
- The two numbers that matter are the size of the parcel (4.5 acres / 19,020 Sq. meters) and the price (INR 4.65 crore), plus the fact that stamp duty, registration charges and taxes come on top.
- The update records what was agreed and paid; it does not set out any timeline for developing or using the land.
Also from National Fittings
Board meeting on 30 October 2026 to consider and approve un-audited results for quarter ended 30.09.2026
23 Oct 2026
Promoter group member reports change in shareholding via market purchase
21 Oct 2026
Two MoUs entered to acquire about 4.5 acres of land for approx Rs 4.65 crores near existing Vadodara site
13 Oct 2026
More numbers
- Land purchased4.5 acres
- Land area19,020 Sq. meters
- Total consideration4.65 crores
- Total consideration (Annexure-1)INR 4,65,00,000/-
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