Expansion19 Jun 2026, 05:50 pm
Bombay Super Hybrid Seeds buys land for ₹1.40 Cr for expansion
AI Summary
Bombay Super Hybrid Seeds Ltd executed a sale deed on June 18, 2026, to purchase 4079.40 sq. meters of uncultivated land plots (R.S.No.106, Plot No. 7, 8, 9) at Kuchiyadad Village, Rajkot. The total consideration for the property was ₹1,40,50,000. This land is strategically located adjacent to the company's existing facility and is intended for future expansion plans. One of the sellers, Mr. Kishorkumar Devrajbhai Kakadiya, is a promoter/director of the company, making it a related party transaction. However, the company confirmed that the transaction was executed at "arm's length."
Key Highlights
- Company acquired 4079.40 sq. meters of land for ₹1.40 Cr.
- The property is adjacent to the existing facility, earmarked for future expansion.
- One seller is a promoter/director; transaction is confirmed at arm's length.
- Strategic acquisition to support the company's future growth and operational scaling.
Price Impact
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