Jeena Sikho Lifecare Sells Land & Building for ₹9.05 Crore
Jeena Sikho Lifecare Limited approved the sale of its land and building for ₹9.05 Crore. The company will lease back the premises, ensuring continuity of operations. The asset contributed 6% to revenue and 0.72% to net worth in FY26.
The impact is considered low because the company will continue to operate from the same premises through a lease-back agreement, and the asset represents a small percentage of the company's overall revenue and net worth.
The sale of an asset is a neutral event as it monetizes a property while the company retains its use through a lease-back arrangement, preventing operational disruption.
Jeena Sikho Lifecare Limited (JSLL) has approved the sale of its land and building located in Village Devinagar, Tehsil Derabassi, District S.A.S. Nagar (Mohali), Punjab, to M/s VSB Enterprises for an aggregate consideration of ₹9.05 Crore (Rupees Nine Crores Five Lakhs Only).
The Board of Directors approved this transaction on June 19, 2026. The land and building, measuring approximately 11 Bigha 02 Biswa 13 Biswasi, were utilized for the company's business operations. Importantly, JSLL will continue to use and occupy the premises under a lease arrangement with the purchaser post-sale, ensuring no closure or material disruption to its business operations.
The revenue generated from operations at the said premises during the financial year ended March 31, 2026, amounted to ₹46.47 Crore, representing approximately 6% of the company's revenue. The carrying value of the land and building as of March 31, 2026, was approximately ₹3.35 Crore, representing about 0.72% of the company's net worth. The transaction does not constitute a sale of an undertaking and is not a related party transaction. The purchaser, M/s VSB Enterprises, is a partnership firm and is not related to JSLL's promoters or group companies.
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Jeena Sikho Lifecare Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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