Ceenik Exports India Ltd Sells Property for Rs. 16,92 Cr. & Infuses Capital of Rs. 17 Cr. into Derivatives Business

Ceenik Exports India Ltd has sold one of its properties situated at Unit One, Peninsula Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400013 to Silversands Trading Pvt. Ltd for a consideration amount of Rs. 16,92,00,000/- (Rupees Sixteen Crores Ninety-Two Lakhs Only) on October 18, 2024. The company has also infused capital amounting to INR 17,00,00,000/- (Rupees Seventeen Crores Only) into its derivatives business on October 21, 2024. Out of the total capital infused, an amount of INR 16,92,00,000/- (Rupees Sixteen Crores Ninety-Two Lakhs Only) was received by the Company as sale consideration from the sale of property as mentioned above. The remaining amount of INR 8,00,000/- (Rupees Eight Lakhs Only) was funded through internal accruals. This capital infusion is aimed at strengthening and expanding the Company's derivatives business operations.