Softrak to sell non-operational land asset worth ₹11.58 Cr

Softrak Venture Investment Ltd's Board of Directors approved the sale and disposal of a non-operational land asset located in Gujarat. This asset, valued at ₹11,57,93,710 as of March 31, 2026, constitutes approximately 99.75% of the company's total Property, Plant, and Equipment. The transaction will be executed with an independent third-party buyer at arm's length, based on a valuation report from an IBBI Registered Valuer. Due to the asset's value exceeding statutory thresholds, shareholder approval via a Special Resolution is required under Section 180(1)(a) of the Companies Act, 2013. The Board decided to present this proposal for approval at the upcoming 33rd Annual General Meeting. An addendum to the 33rd AGM Notice has been approved and dispatched to include this asset disposal as a special business item.