SISayaji Industries540728Strategic exit plan

Conveyance deed executed for sale of idle Kathwada land for Rs. 73 crore

Sayaji Industries has executed a conveyance deed on 19th October, 2026 for the sale of its idle land at Village Kathwada, Ahmedabad.

By ScoutQuest · Mon 19 Oct 2026, 2:49 PM IST · 2 min read

Land area

63,787 square meters

Consideration

Rs. 73 crore (Rupees Seventy-Three Crore Only)

Conveyance deed executed on

19th October, 2026

Sale of idle land completed

• The company has executed a conveyance deed on 19th October, 2026 for the sale of its idle land at Village Kathwada, Taluka Dascroi, District Ahmedabad.
• The land measures 63,787 square meters and is located at survey No. 1300 (old survey No. 174), Final Plot No. 34/2.
• The consideration for the sale is Rs. 73 crore (Rupees Seventy-Three Crore Only).
• The sale was completed on the terms and conditions set out in the conveyance deed.

Who is buying

• The transferee is a third party.
• The buyer does not belong to the promoter, promoter group or group companies.
• The transaction does not fall within the purview of a related party transaction.

What the annexure records

• The date on which the agreement for sale was executed is 19th October, 2026.
• The expected date of completion of the sale/disposal is 19th October, 2026.
• The consideration received from the sale/disposal is Rs. 73 crore (Rupees Seventy-Three Crore Only).
• Against the disclosure format's question on the turnover or revenue or income and net worth contributed by such unit or division during the last financial year, the company's response is "Not Applicable".
• Against the question on whether the sale, lease or disposal of the undertaking is outside a Scheme of Arrangement, the response is "Not Applicable".
• The slump sale disclosure requirement is also marked "Not Applicable".

Background carried in the letter

• The letter refers to the company's earlier intimation dated 11th December, 2023 on the result of a postal ballot, for which the notice was dated 7th November, 2023.

What a reader can take away

• This is a completed disposal of idle land, with the deed executed, rather than only an agreement to sell in future.
• The entire consideration is stated as Rs. 73 crore, and the buyer is outside the promoter and group fold, so the counterparty is an unrelated third party.
• The land is described as idle, and its contribution to turnover and net worth for the last financial year is marked "Not Applicable" in the disclosure.

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