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Goodricke Group has executed a non-binding Memorandum of Understanding for the proposed sale of its Chalouni Tea Estate. This agreement initiates due diligence for the transaction, which is subject to a definitive agreement upon satisfactory review. The Chalouni Tea Estate contributed 1.9% of the company's total turnover (Rs. 17.39 Crore) and 5% of its net worth in the last financial year. The proposed sale consideration is Rs. 19.00 Crore, exclusive of taxes and subject to adjustments. This strategic divestment follows shareholder approval and aims to optimize the company’s asset base.