New Launch3 Dec 2025, 06:20 pm
SPL Industries to Purchase Land from Third-Party Sellers for Rs. 34,21,25,000
AI Summary
SPL Industries Ltd. has agreed to purchase an immovable property, i.e., land, situated in Village Prithla, Tehsil Palwal, District Palwal, Haryana. The land was originally agreed to be purchased by Elkay Overseas India, a Partnership Firm forming part of the Promoter / Promoter Group and a Related Party of the Company. Elkay Overseas India has assigned, transferred, and conveyed all rights, title, benefits, interests, entitlements, and obligations arising from the agreement to SPL Industries Limited. The Company will reimburse the advance amount earlier paid by Elkay Overseas India to the sellers, subject to the execution of the Sale Deed in favor of the Company.
Key Highlights
- SPL Industries to purchase land from third-party sellers for Rs. 34,21,25,000.
- Land is located in Village Prithla, Tehsil Palwal, District Palwal, Haryana.
- Elkay Overseas India, a related party, had agreed to purchase the land initially.
- Elkay Overseas India has assigned, transferred, and conveyed all rights to SPL Industries Limited.
- SPL Industries to reimburse the advance amount paid by Elkay Overseas India to the sellers.