SDSpan Divergent524727Strategic exit plan

Board approves sale of Mumbai immovable property; consideration not to exceed ₹5 crore

Board approved sale of immovable property at B-1109, Kanakia Wall Street, Andheri (East), Mumbai.

By ScoutQuest · Thu 5 Nov 2026, 7:43 PM IST · 2 min read

Expected Consideration (ceiling)

not exceeding ₹5 crore

Buyer

M/s. Glorious Sales LLP — not promoter group, not a related party transaction

Completion Timeline

on or before March 31, 2027

Sale of a Mumbai property approved

• The Board of Directors of Span Divergent Ltd., at its meeting held on Thursday, November 05, 2026, considered and approved the sale/disposal of the company's immovable property situated at B-1109, Kanakia Wall Street, Chakala, Andheri–Kurla Road, Andheri (East), Mumbai – 400093, Maharashtra.
• The Board authorised Mr. Viral Desai, Managing Director, to negotiate, finalise and execute the necessary agreements, deeds and documents and to take the steps needed to give effect to the proposed sale.

Buyer and related-party position

• The buyer named in the disclosure is M/s. Glorious Sales LLP.
• The update states the buyer does not belong to the promoter, promoter group or group companies of the company.
• The proposed transaction does not fall within the purview of Related Party Transactions.

Consideration

• The consideration expected to be received from the proposed sale shall not exceed ₹5 crore (Rupees Five Crores Only).
• This is stated as an expected amount and as a ceiling, not as an amount already received.

Timeline

• The Agreement for Sale is proposed to be executed on or before March 31, 2027.
• The sale is expected to be completed on or before March 31, 2027.

How the company described the disclosure items

• On the turnover, revenue, income and net worth contributed by the asset, the update marks it Not Applicable, as the transaction relates to the sale of an immovable property and not the sale or disposal of any unit or division of the company.
• On slump sale disclosures, the update marks it Not Applicable.

What a retail investor can take away

• The news is an approval of a proposed sale, not the completion of a sale. The agreement is yet to be executed and the sale is expected to be completed on or before March 31, 2027.
• The money figure in the update is a maximum expected consideration of ₹5 crore, so the final amount, if and when the sale happens, would be known only from later disclosures.
• The buyer is not part of the promoter group and the transaction is not a related party transaction.

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