Sula Vineyards to Sell Registered Office for ₹27 Crore, Shift to New Location
Sula Vineyards will sell its registered office in Mumbai for at least ₹27 crore. The company will shift its registered office to a new location within Solaris One, Andheri East, effective July 1, 2026. This move is part of an asset optimization strategy.
The sale of the registered office and its relocation are administrative changes and are not expected to have a significant impact on the company's core business operations or financial performance.
The sale of the registered office and subsequent shift are strategic decisions for asset optimization and do not inherently indicate a positive or negative financial performance outlook.
Sula Vineyards Limited announced today, June 10, 2026, that its Board of Directors has approved the sale of its existing registered office premises located at 901, Solaris One, Andheri East, Mumbai, for an aggregate sale consideration of not less than ₹27,00,00,000 (Rupees Twenty-Seven Crores only). The purchaser is a third-party and not a related party to the company. This sale is part of a strategy to optimize assets and align administrative infrastructure with operational requirements, particularly given the company's core business operations are based in Nashik.
Consequent to the sale, the Board also approved the shifting of the registered office from its current address to 201, Solaris One, Andheri East, Mumbai. This change will be effective from July 1, 2026, and the office will remain under the jurisdiction of ROC Mumbai I.
The Board meeting commenced at 11:15 a.m. and concluded at 11:27 a.m. on June 10, 2026. Further details will be available on the company's investor relations website.
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Sula Vineyards 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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See the model portfoliosA plain-language summary of a public exchange filing by Sula Vineyards Limited. Read the original for the full detail.