Elegant Floriculture & Agrotech India Ltd — Important, 05-03-2026: Company Update

Elegant Floriculture & Agrotech (India) Limited has entered into a Memorandum of Understanding for the proposed sale of its agricultural land. The company will receive ₹18 Cr from Deep Diamond India Limited for this transaction. This strategic disposal of a company asset is expected to be completed within six months. The deal is being conducted on an arms-length basis, with the buyer not considered a related party. This update signifies a change in the company's asset base.