Godrej Agrovet Limited has announced the transfer and sale of leasehold rights for land in GIDC Sachin Industrial Estate, Surat, Gujarat, valued at Rs 35 crore. The move reflects the company’s strategic portfolio management and signals a significant material event under SEBI disclosure norms.
Godrej Agrovet Limited has formally notified the BSE and NSE about this transaction, underscoring compliance with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements. The deal highlights the company’s ongoing efforts to optimize its asset base and strengthen financial positioning.
Transaction Details
The agreement, dated March 18, 2026, covers Plot Nos. 247/1 and 247/2 in GIDC Sachin Industrial Estate, comprising multiple revenue survey blocks within Unn village limits, Taluka Choryasi, District Surat. The total consideration for the transfer stands at Rs 35 crore.
Strategic Significance
This divestment aligns with Godrej Agrovet’s broader strategy of rationalizing non-core assets while focusing on growth in agri-business segments. The transaction is expected to enhance liquidity and support future investments in core operations.
Key Highlights
-
Agreement signed on March 18, 2026
-
Land located in GIDC Sachin Industrial Estate, Surat
-
Total deal value Rs 35 crore
-
Disclosure made under SEBI Regulation 30
-
Transaction reflects asset optimization strategy
Sources: Company filing with BSE and NSE, Godrej Agrovet Limited announcement