Sula Vineyards to Sell Registered Office for ₹27 Crore

Sula Vineyards Limited, India’s leading wine producer, has announced a definitive plan to sell its current registered office premises located in Andheri East, Mumbai. In a regulatory filing submitted to the National Stock Exchange (NSE) and BSE Limited on June 10, 2026, the company confirmed that the sale of the office property at 901, Solaris One, will be executed for a consideration of no less than ₹270 million (₹27 crore).

The divestment of the corporate office is part of a broader organizational restructuring and asset optimization strategy. As a consequence of this sale, the Board of Directors has approved the shifting of the company’s registered office to a new location within the same business complex.

Relocation Strategy

Following the divestment of the Solaris One premises, Sula Vineyards will relocate its registered office to Unit 201, Solaris One, Prof. N. S. Phadke Marg, Andheri East, Mumbai – 400069. According to the company’s official communication, this transition will be effective from July 1, 2026.

The move is designed to ensure business continuity while allowing the firm to unlock value from its real estate holdings. Despite the change in physical address, the company confirmed that the registered office will continue to remain under the jurisdiction of the existing Registrar of Companies (ROC), Mumbai I, ensuring no disruption to its legal or regulatory compliance framework.

Operational Context

The decision to sell the registered office comes during a pivotal year for Sula Vineyards. The company has been aggressively expanding its footprint in the hospitality and wine tourism sectors, including the recent acquisition of Chandon’s wine estate in Dindori, Nashik. By streamlining its corporate real estate portfolio, Sula aims to reallocate capital toward its core business operations and high-growth tourism infrastructure.

The firm’s recent financial results for the fiscal year ended March 31, 2026, highlighted a transition period marked by regional disruptions and shifting industry demand. However, with the acquisition of the Chandon facility and a sustained double-digit growth in wine tourism revenue, management is focused on consolidating its leadership position in the Indian wine market.

"According to officials, the sale of the registered office premises is in line with the company’s broader strategy of optimizing its asset base to support long-term growth and operational efficiency," stated the regulatory filing.

Why It Matters

For investors and stakeholders, this divestment is a strategic move to optimize balance sheet efficiency. By converting idle or premium real estate assets into liquidity, Sula Vineyards can further strengthen its cash position to support its ambitious "Project Paradise"—the development of the recently acquired Dindori estate into a premier wine tourism destination. The move also underscores a shift toward a leaner corporate structure as the company focuses its resources on its core winery and hospitality projects.

Key Facts at a Glance

• Property Sale: Sula Vineyards to sell its registered office at 901, Solaris One, Mumbai.

• Deal Value: Minimum consideration of ₹270 million (₹27 crore).

• New Location: Unit 201, Solaris One, Andheri East, Mumbai.

• Effective Date: July 1, 2026.

• Regulatory Status: Registered office remains under the jurisdiction of ROC Mumbai I.

FAQ

Why is Sula Vineyards selling its registered office?

The sale is part of an asset optimization strategy to unlock value from corporate real estate and support the company’s growth in core wine tourism and production sectors.

Will the registered office location change significantly?

No, the new office is located within the same Solaris One complex in Andheri East, ensuring continuity and minimal operational disruption.

When will the shift take effect?

The shift to the new office at Unit 201 is scheduled to be effective from July 1, 2026.

Does this sale impact the company's legal jurisdiction?

No, the company confirmed that the registered office will continue to fall under the jurisdiction of the existing Registrar of Companies (ROC), Mumbai I.

Source: National Stock Exchange (NSE) - Corporate Disclosures, BSE India