Property19 May 2026, 07:22 pm
Sumedha Fiscal Services Sells Property, Receives ₹8.75 Lakh Advance
AI Summary
Sumedha Fiscal Services Ltd. has announced the sale of its property located at Krishna Plaza, Hyderabad. The company has received an advance amount of ₹8,75,000, representing 25% of the total sale consideration of ₹35,00,000. The sale is expected to be completed on or before May 31, 2026, subject to the execution of definitive agreements and completion of necessary formalities. The buyer, Mr. Dangeti Prabhakarao, is not related to the promoter group.
Key Highlights
- Sumedha Fiscal Services sells property in Hyderabad.
- Company receives ₹8.75 Lakh advance, 25% of total consideration.
- Total consideration for the property sale is ₹35,00,000.
- Sale completion expected by May 31, 2026.
- Buyer is not part of the promoter group.