Jeena Sikho Lifecare Sells Land for ₹24 Crore
Jeena Sikho Lifecare Limited approved the sale of approximately 48 Bigha of land in Patiala, Punjab, to Tresco Realty Group LLP. The aggregate consideration for the sale is ₹24 crore. The sale is not expected to impact the company's business operations as the land is non-operational.
The land being sold is non-operational and the sale will not impact the company's business operations. Therefore, the financial impact is considered low.
The sale of non-operational land for cash is a neutral event. While it brings in funds, it does not directly relate to the core business operations or immediate growth prospects.
Jeena Sikho Lifecare Limited announced on May 8, 2026, that its Board of Directors has approved the sale of approximately 48 Bigha of land located in Village Ramnagar, District Patiala, Punjab. The land, situated on the Chandigarh-Bathinda Highway, will be sold to Tresco Realty Group LLP for an aggregate consideration of ₹24,00,00,000 (Rupees Twenty-Four Crores).
The company stated that no business operations are conducted on the said land, and therefore, the sale will not impact its ongoing business operations. The transaction does not constitute a sale of an undertaking as per the Companies Act, 2013, nor does it fall under related party transactions. The purchaser, Tresco Realty Group LLP, is not related to the promoters, promoter group, or group companies of Jeena Sikho Lifecare Limited.
The Agreement to Sell was executed on May 7, 2026, with the Board's approval obtained on May 8, 2026. The completion of the sale is subject to certain conditions precedent, including the completion of partition, payment obligations, and the execution and registration of the Sale Deed. The announcement was made pursuant to Regulation 30 of the SEBI Listing Regulations.
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Jeena Sikho Lifecare Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. 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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