Steel Strips Executes Sub-Lease Deed for SAB Mall Shops

Steel Strips Infrastructures Ltd has executed a Sub-Lease Deed dated November 6, 2026, with M/s SMC Enterprises Private Limited for the sale of four remaining shops (M-15-A, M-11, Basement, and Rooftop) located in SAB Mall, Noida. The sale of these stock-in-trade properties was completed upon clearance of NOIDA Authority dues and related formalities. The balance consideration of ₹1.25 crore has been received. The SAB Mall operations contributed ₹136.03 Lakhs (97.93%) of the company's revenue in the last financial year, primarily from rental income, hoarding charges, parking, and maintenance fees. The company reported a net worth contribution of nil due to being a loss-making entity. The buyer, SMC Enterprises Private Limited, is not related to the promoter group, and the transaction is not considered a related party transaction.