Colinz Laboratories Completes Sale of Nashik Factory and Land for Rs 4 Crore
Colinz Laboratories Limited has concluded the sale of its factory building and associated land located in Sinnar, Nashik, successfully receiving the final tranche consideration amount.The company completed the disposal of the undertaking on June 18, 2026, realizing a total consideration of Rupees Four Crores (Rs. 4,00,00,000/-). The factory and land, which are situated at plot no 60, SRLCE road, Sinnar, Nashik-42, were the assets involved in the transaction.
Details regarding the sale and the buyer have been provided by the company. Key aspects of the sale include:
| Particulars | Details |
|---|---|
| Transaction Completion Date | June 18, 2026 |
| Total Consideration Received | Rs 4,00,00,000/- (Rupees Four Crores) |
| Buyer Identification | The buyer is located at Rameshwar, Neelkanth Heights' Road No 2, Thane West - 400606'. |
| Related Party Status | The transaction is not considered a related party transaction. |
The company confirmed that the buyer involved in the purchase was an unrelated third party and not part of the promoter group or associated companies. Furthermore, the disposal of this undertaking falls outside any Scheme of Arrangement.
Stock Price Movement
Colinz Laboratories Ltd settled at ₹75.55 on Thursday after ticking up 4.99% in post-market trading. The shares traded completely flat throughout the day, as both the high and low matched the closing level.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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