Jeena Sikho Lifecare Sells Land and Building Asset for ₹9.05 Crores; Retains Operational Rights Through Lease
Jeena Sikho Lifecare Limited (JSLL) has approved the sale of a piece of land and building currently used for its business operations to M/s VSB Enterprises, a Partnership Firm, for an aggregate consideration of ₹9,05,00,000. The transaction was approved by the company's Board of Directors during a meeting held on June 19, 2026.The property being sold is located in Village Devinagar, Tehsil Derabassi, District S.A.S. Nagar (Mohali), Punjab, and measures approximately 11 Bigha 02 Biswa 13 Biswasi. JSLL intends to utilize a lease arrangement with the purchaser post-sale, ensuring that the transaction does not result in any closure or material disruption of the company's operations from the premises.
The sale is part of an effort by the company for asset monetization while guaranteeing business continuity. The proposal was structured so that no undertaking or substantial part of the company would be sold, and the purchaser is confirmed to have no relationship with the company’s Promoters or Promoter Group Companies.
Financial details regarding the property and the proposed transaction include:
| Metric | Detail |
|---|---|
| Seller | Jeena Sikho Lifecare Limited (JSLL) |
| Purchaser | M/s VSB Enterprises, a Partnership Firm |
| Consideration Amount | ₹9,05,00,000/- |
| Land Size | 11 Bigha 02 Biswa 13 Biswasi |
The asset contributes significantly to the company's operational metrics:
| Financial Metric (As per March 31, 2026) | Value | Percentage of Total |
|---|---|---|
| Revenue Generated | ₹46.47 Crores | Approximately 6% of Company Revenue |
| Carrying Value of Asset | ₹3.35 Crores | Approximately 0.72% of Net Worth |
While the sale is expected to be completed upon fulfillment of conditions precedent and registration of the Sale Deed, the company confirmed that it will continue operating from the sold premises under a long-term lease arrangement with M/s VSB Enterprises. This structure ensures that JSLL's business operations remain continuous.
JSLL Stock Price Movement
Jeena Sikho Lifecare Limited stock gained 1.40% on Friday, closing at ₹557.20 after settling a significant climb from the previous close of ₹549.45. The equity demonstrated strong investor interest, with total traded volume reaching 1.53 million shares during the session.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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