Sale17 Jan 2026, 06:52 pm
Colinz Laboratories Ltd. Approves Sale of Factory Building, Machinery, and Land Undertaking for Rs. 4 Crore
AI Summary
Colinz Laboratories Ltd. held a Board Meeting on 17th January, 2026, where they approved the sale of their Factory Building, Factory Machinery, and Factory Land Undertaking situated at Plot No 60, STICE, Sinnar-Shirdi Road, Sinnar, Nashik-422112 to M/s. Hilsun Foods And Drugs Private Limited for a total consideration of Rs. 4,00,00,000/-. The agreement is expected to be executed on or before 31st March 2026. The buyer is an unrelated third party not forming part of the promoter or promoter group of the Company. The transaction has been executed on an arm’s-length basis.
Key Highlights
- Colinz Laboratories Ltd. approved the sale of their Factory Building, Factory Machinery, and Factory Land Undertaking.
- The sale is to M/s. Hilsun Foods And Drugs Private Limited for a total consideration of Rs. 4,00,00,000/-.
- The agreement is expected to be executed on or before 31st March 2026.
- The buyer is an unrelated third party not forming part of the promoter or promoter group of the Company.
- The transaction has been executed on an arm’s-length basis.