Company enters Property Agreement to buy commercial property for INR 10,00,00,000
Retaggio Industries has entered into a Property Agreement with M/s. M S Mody Builders and Developers to buy a commercial property for INR 10,00,00,000/- plus stamp duty.
By ScoutQuest · · 2 min read
- Consideration
- INR 10,00,00,000/- plus stamp duty
- Carpet Area
- approx. 3261.65 sq. ft.
- Board Approval Date
- 26th August, 2026
What was informed
The company has entered into a Property Agreement with M/s. M S Mody Builders and Developers for the purchase of an immovable property, being a commercial property. The consideration stated is INR 10,00,00,000/- (Indian Rupees Ten Crores only), plus applicable stamp duty. In its disclosure table the company describes the size of the agreement as Rs. 10 Crore, exclusive of stamp duty and registration fees and other related expenses, which shall be in actuals.
The company describes the acquisition as part of its business expansion plans and long-term strategic growth objectives.
The numbers to note
- Consideration: INR 10,00,00,000/- (Indian Rupees Ten Crores only), plus applicable stamp duty.
- Size of the agreement, as stated in the disclosure table: Rs. 10 Crore, exclusive of stamp duty and registration fees and other related expenses at actuals.
- Property carpet area: approx. 3261.65 Sq. ft.
- Shareholding of the company in the entity with whom the agreement is executed: Nil.
Approvals and relationship of parties
- The transaction is being undertaken pursuant to the approval granted by the Board of Directors at its meeting held on 26th August, 2026.
- The company confirms the transaction does not constitute a related party transaction.
- The company states the seller is not related to the Promoter, Promoter Group or any Key Managerial Personnel of the Company.
- Against the question of whether the parties are related to the promoter, promoter group or group companies, the disclosure records No.
The agreement is with M/s. M S Mody Builders and Developers, the purpose being acquisition of immoveable property, and the company holds Nil shareholding in that entity.
How a retail investor can read this
This is an intimation of a property purchase agreement — a decision to deploy funds into a commercial premises rather than a routine update. The headline figure of Rs. 10 Crore is the agreement size; since stamp duty, registration fees and other related expenses are excluded and payable at actuals, the total outgo would be somewhat higher than that figure.
The points that carry the most information for a shareholder are the size of the outflow (INR 10,00,00,000/-), the carpet area (approx. 3261.65 Sq. ft.), the fact that the seller is stated to be unrelated to the promoters and that the deal is not a related party transaction, and that the Board had granted its approval for it.
On the other side, the company's own stated reason — business expansion and long-term strategic growth objectives — means the benefit is described as strategic and long-term, while the payment is made now. How the purchase is funded and what it earns are commercial questions on which the investor would track the company's later disclosures.
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More numbers
- Consideration for the immovable propertyINR 10,00,00,000/-
- Size of agreementRs. 10 Crore
- Carpet area of the property3261.65 Sq. ft.
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