Sale28 Jan 2026, 05:31 am
Jonjua Overseas Ltd Sells Intangible Asset for Rs. 15.11 Crores in a Material Related Party Transaction
AI Summary
Jonjua Overseas Limited has sold an intangible asset - 'SPENT COFFEE GROUNDS AND SPENT COFFEE GROUNDS ASH BRICK PROCESS AND TECHNOLOGY (TRADE SECRET)' on a 'Going Concern' basis at arm's length to HSJONJUA INNOVATEAGRO PRIVATE LIMITED. The sale price is determined in accordance with the valuation report and amounts to Rs. 15.11 crores. This transaction represents 317% of the company's annual consolidated turnover for the immediately preceding financial year.
Key Highlights
- The sale involves an intangible asset - 'SPENT COFFEE GROUNDS AND SPENT COFFEE GROUNDS ASH BRICK PROCESS AND TECHNOLOGY (TRADE SECRET)', which is a part of the company's Global Inhouse Centre (GIC) business.
- The sale price is Rs. 15.11 crores, which is determined in accordance with the valuation report.
- The transaction represents 317% of the company's annual consolidated turnover for the immediately preceding financial year.
- The transaction is a Material Related Party Transaction.
- The sale is beneficial to the company as per the justification provided in the text.