MoU13 Jul 2026, 08:10 pm
Deep Health AI India Ltd Signs Land Acquisition MoU for Wellness Centre
AI Summary
Deep Health AI India Ltd has entered into a Memorandum of Understanding (MoU) dated March 06, 2026, with M/s. Elegant Floriculture & Agrotech (India) Limited for the acquisition of land in Pune, Maharashtra. The land, measuring 49,100 sq. mtr., is intended for the development of a naturopathy and holistic rejuvenation centre, including medicinal plant cultivation. The company has already made an aggregate advance payment of ₹2,85,00,000/- towards this acquisition, with the last tranche paid on June 06, 2026. The disclosure of this transaction was delayed due to an oversight but has now been rectified. This move aligns with the company's focus on preventive healthcare and agro-tourism.
Key Highlights
- MoU signed for land acquisition in Pune for wellness centre development.
- Advance payment of ₹2.85 crore made towards the acquisition.
- Project aims to develop naturopathy, rejuvenation, and agro-tourism facilities.
- Disclosure delay attributed to oversight; compliance steps taken.
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