Softrak Venture Adds Land Sale to AGM Agenda

Softrak Venture Investment Ltd has issued an addendum to its 33rd Annual General Meeting (AGM) notice, scheduled for September 25, 2026. The Board of Directors has proposed to include a new special business item (Item No. 4) to seek shareholder approval for the monetization, sale, and disposal of the company's barren land asset in Gujarat. This land, valued at ₹11.57 crore as of March 31, 2020, constitutes approximately 99.75% of the company's fixed assets. The company aims to unlock capital from this non-operational, non-revenue-generating asset to redeploy into high-yield investments, optimize capital utility, and enhance shareholder value. The sale will be conducted transparently with independent buyers at an arm's length price, and will not involve related parties. This requires a Special Resolution under Section 180(1)(a) of the Companies Act, 2013.