Kings Infra Ventures Ltd Approves Sale of Freehold Land as Part of Monetization Plan
Kings Infra Ventures Ltd has approved the sale of a portion of its freehold land as part of an ongoing strategy to monetize non-core assets and optimize resource utilization. The approval was finalized by the Board of Directors via a resolution passed through circulation on July 21, 2026.The transaction involves the sale of company land located in Chengamanadu Village, Aluva Taluk, Ernakulam District, Kerala. The specific asset includes freehold land measuring 51.989 cents (21.04 Ares), comprised in Survey Nos. 252/17 and 252/18 (Old Survey Nos. 252/11 and 252/11/2). The property is covered under Sale Deed No. 7914/2007 along with Rectification Deed No. 3669/2019.
The land will be sold to Mr. Noel Thomas John. The consideration for the sale was determined at ₹7,00,000 (Rupees Seven Lakhs only) per cent, which constitutes the consideration payable under the Agreement for Sale or Sale Deed.
The sale aims to unlock the asset's value and generate funds for deployment towards the Company's business requirements and other corporate purposes, thereby strengthening its financial position, as part of the management’s strategy to monetize non-core assets. The transaction has been confirmed to be independent, with no interest held by related parties or the promoter/promoter group.
Key Transaction Details
The following table outlines the material details regarding the asset sale:| Description | Detail |
|---|---|
| Asset Being Sold | Freehold land admeasuring 51.989 cents (21.04 Ares), comprised in Survey Nos. 252/17 and 252/18, situated at Block No. 8, Chengamanadu Village, Aluva Taluk, Ernakulam District, Kerala. |
| Purchaser | Mr. Noel Thomas John |
| Consideration | ₹7,00,000 per cent (Rupees Seven Lakhs only) |
| Rationale for Sale | To monetize non-core assets and generate funds for business requirements. |
| Related Party Interest | No |
The transaction is expected to be completed upon the execution and registration of the Sale Deed and the fulfilment of all agreed terms and conditions.
Stock Price Movement
Kings Infra Ventures Ltd settled at ₹116.95 on Tuesday, having edged higher by 0.43%. The shares traded within a tight range during the day, with an intraday low of ₹115.00 and a high reaching ₹117.95.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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