Jeena Sikho Lifecare Limited Approves Sale of 48 Bigha Land Parcel in Punjab
Jeena Sikho Lifecare Limited announced that its Board of Directors, during a meeting held on May 8, 2026, approved the sale of a substantial land parcel located in Punjab. The transaction involves selling approximately 48 Bigha of non-operational land to Tresco Realty Group LLP for an aggregate consideration of ₹24,00,00,000.The land in question is situated at Service Road (under Flyover), Chandigarh - Bathinda Highway, in Village Ramnagar, Tehsil Rajpura, District Patiala, Punjab. Tresco Realty Group LLP (LLPIN: ACT-5901) was named as the purchaser for this sale.
The Company confirmed that the Agreement to Sell for the property was executed on May 7, 2026, prior to the Board's formal approval of the transaction.
Transaction Details
The sale transaction carries several material details, including the parties involved, the land description, and the sale consideration.| Detail | Description |
|---|---|
| Seller | Jeena Sikho Lifecare Limited (JSLL) |
| Purchaser | Tresco Realty Group LLP (LLPIN: ACT-5901) |
| Land Area | Approximately 48 Bigha |
| Location | Service Road (under Flyover), Chandigarh - Bathinda Highway, Village Ramnagar, Tehsil Rajpura, District Patiala, Punjab |
| Consideration | ₹24,00,00,000 (Rupees Twenty-Four Crores Only) |
| Sale Purpose | Sale of non-operational land of the Company |
Operational Impact and Compliance
Jeena Sikho Lifecare Limited affirmed that the sale will have no impact on the Company’s existing business operations, as no business activities are currently conducted on the land being sold. Furthermore, the Board noted that the sale does not constitute an undertaking or represent substantially the whole of the Company's undertaking.The management also confirmed that the purchaser, Tresco Realty Group LLP, is not affiliated with the Promoter or Promoter Group of the Company, ensuring the transaction does not fall under the ambit of Related Party Transactions.
The successful completion of the sale is anticipated upon the fulfillment of all conditions precedent, which include the finalization of the property partition (taksim), the payment of outstanding obligations, and the subsequent execution and registration of the Sale Deed as stipulated in the Agreement to Sell.
The Company's Managing Director, Manish Grover, confirmed the approval of the transaction on behalf of Jeena Sikho Lifecare Limited.
JSLL Stock Price Movement
Today, Jeena Sikho Lifecare Limited shares edged higher, settling at ₹748.25 after a gain of ₹9.55, marking a 1.29% rise. The stock saw robust trading volume today, recording a total of 409,889 shares.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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