Goodricke Group Ltd Executes MoU for Sale of Chalouni Tea Estate, Contributing 1.9% of Total Turnover

Goodricke Group Ltd has executed a Non-binding Memorandum of Understanding (MoU) with Mr. Ashok Kumar Goyal and Mrs. Suman Goyal for the proposed sale of Chalouni Tea Estate. The MoU, approved by the Board of Directors, is non-binding and subject to satisfactory due diligence. The Chalouni Tea Estate contributed 1.9% of the total turnover of the Company during the last financial year 2024-25, amounting to Rs. 17.39 Crores. The expected completion date of the sale is on or before 15th May, 2026, with a consideration of Rs. 19,00,00,000 exclusive of applicable taxes. The buyers, Mr. Ashok Kumar Goyal and Mrs. Suman Goyal, are not part of the promoter/promoter group or group companies.