Kesar India Ltd has executed a ₹115.71 crore land sale agreement with Godrej Skyline Developers for its Mauza Takli land, following shareholder approval by postal ballot. The transaction, completed on November 20, 2025, is a non-related party deal and marks a strategic divestment without prior revenue contribution from the land.
Kesar India Ltd has announced the sale of land located at Mauza Takli, Tahsil Hingna, District Nagpur, solidifying the transaction on November 20, 2025. This significant divestment follows prior shareholder approval granted via postal ballot on November 8, 2025. The sale's consummation was swift, reflecting meticulous regulatory and shareholder alignment.
The land was initially acquired by Kesar India Ltd in May 2025 through multiple purchases but did not contribute to the company’s turnover or revenue during the last fiscal year. The deal is valued at approximately ₹115.71 crore and was finalized on the same day as the sale agreement.
The buyer, Godrej Skyline Developers Limited, is a well-known real estate developer focused on residential and commercial projects, with no connections to Kesar India Ltd’s promoter or promoter group, ensuring the transaction is independent and at arm's length.
Notable Updates
-
Land sale agreement executed and completed on November 20, 2025
-
Transaction approved by shareholders on November 8, 2025, via postal ballot
-
Sale consideration of approximately ₹115.71 crore
-
Buyer: Godrej Skyline Developers Limited, unrelated party
-
No turnover or revenue from the land in the last financial year
-
Transaction not classified as a related party deal
This transaction showcases Kesar India Ltd’s strategic asset management approach and confidence in its core business focus while completing a significant capital realization.
Sources: NSE Disclosure, Kesar India Ltd official announcement, Godrej Skyline Developers Limited corporate details.