Cinevista Ltd. Converts Capital Asset into Stock-in-Trade, Becomes Multi-Segment Business

Cinevista Ltd. announced that its Board of Directors, in a meeting held on March 27, 2025, discussed and approved the conversion and reclassification of the land held by the company from 'Capital asset' to 'Stock-in-Trade' in its Books of Accounts. The land, located at Plot No. 1, Gandhinagar, L.B.S Marg, Kanjurmarg (West), Mumbai-400078, has a fair market value of INR 133.87 crores. The company also approved the change in status of its line of business from Single Segment to Multi Segment, including Entertainment and Real Estate, following the capitalization of the land into stock in trade under a Joint Development Agreement with K. Raheja Corp. Real Estate Pvt. Ltd.