Tokyo Plast International Ltd. Proposes Sale of Idle Property for Rs. 15 Crore 1 Lakh to Afitaplus Ventures LLP
Tokyo Plast International Limited, a company based in Mumbai, India, has announced an Extraordinary General Meeting (EGM) to be held on December 10, 2025, at 12:00 p.m. (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The purpose of the EGM is to consider and, if thought fit, to pass a special resolution for the sale of the company's immovable property situated at C.T.S. No. 732, S. No. 49A, H. No. 9, Village Marol, Andheri-Kurla Road, Andheri (East), Mumbai - 400059, admeasuring approximately 817.50 sq. metres, to M/s. Afitaplus Ventures LLP for a total consideration of Rs. 15,01,00,000/-. The property has been lying idle for an extended period with no foreseeable business use, incurring significant ongoing costs without generating any revenue. The net proceeds from the sale will be utilized to pay off the company’s long/short term debts, enhance working capital, reinvest into areas of the business that are more aligned with the Company’s growth rate, and for general business purposes.
Key Highlights
- Tokyo Plast International Limited proposes to sell its idle property to Afitaplus Ventures LLP.
- The property is situated at C.T.S. No. 732, S. No. 49A, H. No. 9, Village Marol, Andheri-Kurla Road, Andheri (East), Mumbai - 400059.
- The property measures approximately 817.50 sq. metres and is being sold for a total consideration of Rs. 15,01,00,000/-.
- The sale is subject to necessary approvals from the necessary authorities and shareholders.
- The net proceeds from the sale will be utilized to pay off the company’s long/short term debts, enhance working capital, reinvest into areas of the business that are more aligned with the Company’s growth rate, and for general business purposes.