StockWatch
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Printing & Publication
Sale1 Sept 2026, 03:25 pm

Kiran Print Pack Sells Navi Mumbai Land for ₹8.5 Cr

AI Summary

Kiran Print Pack Ltd has approved the sale and transfer of its industrial land and building in Navi Mumbai to M/s. Karav Innovation LLP for ₹8.5 Crores. The transaction is considered a related party transaction as promoters/members of the promoter group are designated partners in the buyer entity. The sale is subject to member approval and is expected to be completed by March 31, 2027. The property contributed rental income of ₹43.7 Lakhs, approximately 28.94% of the company's total income for FY26. This transaction falls under Regulation 37A of SEBI LODR Regulations and Section 180(1)(a) of the Companies Act, 2013, requiring member approval.

Key Highlights

  • Company to sell industrial land and building for ₹8.5 Crores.
  • Buyer is an entity with promoter group involvement.
  • Property generated ₹43.7 Lakhs in rental income (28.94% of total income).
  • Transaction requires member approval under Companies Act and SEBI regulations.
  • Sale completion targeted by March 31, 2027.