Sula Vineyards Sells Office Premises for ₹27 Cr, Shifts Registered Office

Sula Vineyards Ltd announced that its Board of Directors has approved the sale of its existing registered office premises in Mumbai for a minimum consideration of ₹27 crore to an unrelated third party. This move is part of the company's strategy to optimize its asset base and align administrative infrastructure with operational needs, particularly given its core operations are based in Nashik. Concurrently, the Board approved shifting the registered office to a new location within the same building complex, effective July 1, 2026. The sale does not constitute an 'undertaking' under Section 180(1)(a) of the Companies Act, 2013.