Sula Vineyards Limited Completes Sale of Registered Office Premises and Announces Office Shift
Sula Vineyards Limited has announced a significant administrative update, approving both the sale of its current registered office premises and the subsequent shifting of its corporate registration. The move is part of the company's broader strategy to optimize its asset base and align its infrastructure with operational requirements stemming from its core business in Nashik.The Board of Directors approved the sale of the existing registered office, which is located at 901, Solaris One, Prof. N. S. Phadke Marg, Andheri East, Mumbai - 400069. The premises are being sold to a third-party purchaser for an aggregate sale consideration of not less than Rs. 27,00,00,000/-. This purchaser is confirmed not to be affiliated with the company's promoter or promoter group.
The company stated that this proposed sale does not constitute an 'undertaking' as defined under Section 180(1)(a) of the Companies Act, 2013.
Following the premises sale, the Board has also approved the shifting of the registered office. The new location will be 201, Solaris One, Prof. N. S. Phadke Marg, Andheri East, Mumbai - 400069. This relocation is set to take effect from July 1, 2026, and the company will continue to operate under the jurisdiction of ROC Mumbai I.
Key details regarding the office transition are summarized below:
| Aspect | Old Premises Details | New Premises Details |
|---|---|---|
| Location | 901, Solaris One, Prof. N. S. Phadke Marg, Andheri East, Mumbai - 400069 | 201, Solaris One, Prof. N. S. Phadke Marg, Andheri East, Mumbai - 400069 |
| Status | Sold to third-party purchaser for at least Rs. 27,00,00,000/- | New registered office location |
| Shift Effective Date | N/A | July 1, 2026 |
SULA Stock Price Movement
As of 11:44 AM, shares of Sula Vineyards Limited are slipping by 0.12% in live trading, currently at ₹155.30 after shedding ₹0.19 per share. The stock has seen a traded volume of 50,666 as it trades within the day's range.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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