Deals10 Nov 2025, 03:02 pm
Tokyo Plast International Ltd. Approves Sale of Property for 15 Crore One Lakh Only
AI Summary
Tokyo Plast International Limited has approved the sale of its immovable property situated at Andheri (East), Mumbai, for a total consideration of 15,01,00,000. The property, which does not contribute to the company's turnover or revenue, represents approximately 20% of the company's net worth. The sale is not part of any scheme or arrangement and is independent of any restructuring. The buyer, M/s Afitaplus Ventures LLP, does not belong to the promoter/promoter group or group companies of Tokyo Plast International Limited. The sale is expected to be completed within 6 months of receipt of shareholders’ approval.
Key Highlights
- Tokyo Plast International Ltd. has approved the sale of its property for 15,01,00,000.
- The property is located at Andheri (East), Mumbai, and does not contribute to the company's turnover or revenue.
- The sale represents approximately 20% of the company's net worth.
- The buyer, M/s Afitaplus Ventures LLP, does not belong to the promoter/promoter group or group companies of Tokyo Plast International Limited.
- The sale is expected to be completed within 6 months of receipt of shareholders’ approval.