Symphony Limited Finalizes Sale of Ahmedabad Land for ₹27 Crore
Symphony Limited finalized the sale of vacant land in Bodakdev, Ahmedabad for ₹27 Crore. The property's carrying value was ₹5.68 Crore. The sale deed is expected around November 6, 2026. This transaction monetizes a non-operating asset and will reduce the net block of assets.
The sale of a non-operating asset for ₹27 Crore will improve liquidity and reduce the asset base, but it does not directly impact the core business operations or revenue streams.
The sale of a non-operating asset at a significant profit (₹27 Crore sale consideration vs. ₹5.68 Crore carrying value) and the release of capital is positive for the company.
Symphony Limited has finalized the sale of its freehold vacant land located in Bodakdev, Ahmedabad. The property, measuring 1,254 square meters (13,498 sq. ft.), has a total sale consideration of ₹27.00 Crore. This amount is significantly higher than its carrying value of ₹5.68 Crore in the company's books as of September 30, 2026.
The sale deed is expected to be executed around November 6, 2026. The property being sold is a vacant land that has never been utilized for any of the company's business operations. Consequently, this transaction will not impact the company's ongoing business activities.
Upon completion, the sale will reduce Symphony Limited's standalone net block of assets by ₹5.68 Crore, decreasing it from ₹126.48 Crore to ₹120.80 Crore. This move represents the monetization of a non-operating asset and the release of capital previously invested in this property. The buyers are Samta Agarwal and Sandeep Kumar Agarwal, who are not associated with the promoter group or group companies, and the transaction does not constitute a related party transaction.
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Symphony 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 medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Symphony Limited. Read the original for the full detail.