SPL Industries Limited — Board Meeting, 13-05-2025: Outcome of Board Meeting

SPL Industries has announced a board meeting approving the purchase of a property in Faridabad from Advitya Residency LLP, linked to its promoter group, for up to Rs 15 Cr payable in tranches over two years. The deal, managed at arm’s length, involves MD Mukesh Kumar Aggarwal, who is a partner in Advitya Residency. This move adds a strategic asset to SPL’s portfolio without significant impact on control or liabilities, indicating a focused expansion in real estate holdings.