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Civil Construction
Deals6 Mar 2026, 05:45 pm

Vivanta Industries Ltd. Approves Sale of Land for Rs. 1.05 Crores

AI Summary

Vivanta Industries Ltd. announced that its Board of Directors approved the sale of land admeasuring approximately 12,242 square meters in Gujarat, India. The property, which does not constitute a substantial part of the company's operations, has a book value of about Rs. 1.05 Crores. The buyer is Shreenath Enterprise, a partnership firm. The transaction is expected to be completed on or before 30th April 2026, subject to due diligence and regulatory approvals. The sale does not fall under related party transactions.

Key Highlights

  • Vivanta Industries Ltd. approved the sale of land for Rs. 1.05 Crores.
  • The land, admeasuring approximately 12,242 square meters, is situated in Gujarat, India.
  • The buyer is Shreenath Enterprise, a partnership firm.
  • The transaction is expected to be completed by 30th April 2026.
  • The sale does not constitute a substantial part of the company's operations and does not fall under related party transactions.
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