Jeena Sikho Lifecare Sells Land & Building for ₹9.05 Crore, Continues Operations on Lease
Jeena Sikho Lifecare Limited approved the sale of land and building for ₹9.05 crore to M/s VSB Enterprises. The company will continue operations from the premises on a lease-back basis, ensuring no business disruption. The property contributed ₹46.47 crore revenue in FY26.
The sale involves a significant asset and consideration, impacting the company's asset base and cash flow. However, the lease-back arrangement minimizes operational disruption, limiting the impact to medium.
The sale of an asset for cash is a neutral event, especially since the company will continue operations through a lease-back arrangement, mitigating any negative impact on business continuity.
Jeena Sikho Lifecare Limited (JSLL) announced today, June 19, 2026, that its Board of Directors has approved the sale of land and building located in Village Devinagar, Tehsil Derabassi, District S.A.S. Nagar (Mohali), Punjab. The property, measuring approximately 11 Bigha 02 Biswa 13 Biswasi, will be sold to M/s VSB Enterprises for an aggregate consideration of ₹9,05,00,000 (Rupees Nine Crores Five Lakhs Only). This sale is subject to the execution of definitive transaction documents and mutually agreed terms and conditions.
The land and building being sold are currently utilized for the company's business operations. However, JSLL will continue to use and occupy the premises under a lease arrangement with the purchaser post-sale. This ensures that the transaction will not lead to the closure, discontinuation, or material disruption of any business operations. The company will continue its operations from the same premises.
The sale does not constitute the sale, lease, or disposal of an undertaking or substantially the whole of an undertaking of the Company under Section 180(1)(a) of the Companies Act, 2013. The purchaser, M/s VSB Enterprises, is not related to the Promoter, Promoter Group, or Group Companies of JSLL, and the transaction does not fall within the ambit of Related Party Transactions. None of the Promoters, Directors, Key Managerial Personnel, or their relatives are concerned or interested in this transaction.
For the financial year ended March 31, 2026, the revenue generated from operations at the said premises amounted to ₹46.47 crores, representing approximately 6% of the company's total revenue. The carrying value of the land and building as of March 31, 2026, was approximately ₹3.35 Crores, which is about 0.72% of the company's net worth. The Board meeting commenced at 5:30 PM and concluded at 8:30 PM on June 19, 2026.
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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 medium impact: worth reading, rarely worth acting on by itself.
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