Ind-Swift Limited — Important, 14-02-2025: Updates

The company has initiated the sale of non-operational and unutilized industrial land and building located in Nahan to M/s. Kamlesh Desh Raj Pharma for a total consideration of ₹85 lakh, payable in multiple tranches. The sale agreement is expected to be finalized soon, with the anticipated completion by 13.08.2025. An upfront payment of ₹8 lakh has already been received, with the balance due by the completion date. Notably, the buyer is not associated with the promoter group, ensuring this transaction is not classified as a related party transaction. This divestment reflects a strategic move to optimize asset utilization, potentially enhancing the company’s liquidity and operational focus. Investors should monitor this development closely as it could lead to improved financial health moving forward.