Srigee Dlm Ltd Enters Agreement to Sell Registered Office Property for ₹2.53 Crores
Srigee Dlm Ltd (formerly SRIGEE DLM PRIVATE LIMITED) has entered into an agreement for the disposal of its registered office property located in Greater Noida. The sale involves the property that currently serves as the company's administrative base.The total sale consideration for the immovable property, situated at Plot No. 434, Udyog Kendra 2, Ecotech 3, Greater Noida, has been set at ₹2,53,00,000/- (Rupees Two Crore Fifty-Three Lakhs Only). The buyer in this transaction is Syntyche Tradex Enterprises (OPC) Private Limited.
The sale constitutes a Related Party Transaction. Details indicate that Ms. Richa Singh, Director of Syntyche Tradex Enterprises (OPC) Private Limited, is part of the promoter group of Srigee Dlm Ltd. The company has confirmed that the transaction is being undertaken on an arm's length basis, subject to applicable statutory and regulatory approvals.
A key aspect of the deal concerns operational continuity. Following the completion of the sale transaction, Srigee Dlm Ltd intends to enter into a rent agreement with the purchaser. This arrangement ensures that the company will continue to operate from the existing premises under a lease/rent structure until its new manufacturing facility is completed and commissioned.
The planned expansion involves a new manufacturing facility located at Plot No. R-11A, Integrated Industrial Township, Greater Noida - 201310, Uttar Pradesh. The company has stated that this transitional arrangement will ensure there is no disruption to their manufacturing activities or overall business operations.
Transaction and Operational Details
The property sale transaction details are summarized below:| Detail | Description |
|---|---|
| Sale Consideration | ₹2,53,00,000/- (Rupees Two Crore Fifty-Three Lakhs Only) |
| Agreement Date | 09/07/2026 |
| Buyer | Syntyche Tradex Enterprises (OPC) Private Limited |
| Operational Status | Sale is planned to allow continued operation via a lease arrangement with the buyer until the new manufacturing facility at Plot No. R-11A, Greater Noida, is operational. |
The operating unit contributing from this property accounted for approximately ₹6.73 crore, which represented around 9% of the Company's total revenue during the last financial year.
Stock Price Movement
For Srigee Dlm Ltd, shares closed at ₹85.56 on Thursday after surging by 10.40%. Throughout the trading session, the stock moved within an intraday range, dipping as low as ₹80.90 but reaching a high of ₹87.00.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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