Eimco Elecon Executes Sale Deed for Land Acquisition in Gujarat
Eimco Elecon (India) Limited has confirmed the successful execution of the Sale Deed(s) for the purchase of a parcel of land. The transaction was finalized on April 20, 2026, completing the acquisition that the company had previously intimated to the stock exchanges.The company confirmed that the land is located in Kanjari, Ta. Nadiad, Dist. Kheda, Gujarat, and is being acquired on a freehold basis. This acquisition is aimed at supporting the company's future business outlook.
The sale deed was executed with three sellers: Nirav Gopalbhai Patel, Kashyap Gopalbhai Patel, and Jyotsanaben Gopalbhai Patel.
The transaction details reveal that the full and final settlement amount of INR 45,55,74,000 was paid to the sellers, excluding stamp duty and other charges. The consideration was settled in cash through normal banking channels.
According to the company's records, the transaction is not considered a related party transaction. The company confirmed that no special rights, such as the right to appoint directors or first right to share subscription, are applicable in this agreement.
Key transaction details are summarized below:
| Particulars | Details |
|---|---|
| Date of Execution | April 20, 2026 |
| Land Location | Kanjari, Ta. Nadiad, Dist. Kheda, Gujarat |
| Purchase Purpose | Supporting the company's future business outlook (Freehold basis) |
| Sellers | Nirav Gopalbhai Patel, Kashyap Gopalbhai Patel, Jyotsanaben Gopalbhai Patel |
| Total Consideration Paid | INR 45,55,74,000 (excluding stamp duty & other charges) |
| Related Party Status | Not a related party transaction |
EIMCOELECO Stock Price Movement
Eimco Elecon (India) Limited shares today slipped by 0.54% to settle at ₹1642.4. The stock traded on a volume of 19,859 shares, establishing its final price within a daily range of ₹1635.1 to ₹1682.4.Source:
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