Symphony Limited has finalized the sale of its freehold vacant land in Bodakdev, Ahmedabad, for a total consideration of ₹27 Crores. The transaction involves a property measuring 1,254 square meters, which had a carrying value of ₹5.68 Crores in the company’s books as of September 30, 2026. This sale is expected to be executed around November 6, 2026, and represents the monetization of a non-operating asset, reducing the company’s net block of assets.
Symphony Limited Finalizes Land Sale in Ahmedabad
Symphony Limited has announced the finalization of a sale transaction for its vacant land located in Bodakdev, Ahmedabad. The property, which spans 1,254 square meters (equivalent to 13,498 square feet), has been sold for a total consideration of ₹27 Crores. The sale deed is anticipated to be executed on or around November 6, 2026.
Financial Impact of the Sale
The sale consideration of ₹27 Crores is significantly higher than the property’s carrying value in the company’s books, which stood at ₹5.68 Crores as of September 30, 2026. This transaction will result in a reduction of the Company’s standalone net block of assets by ₹5.68 Crores, bringing the net block down from ₹126.48 Crores to approximately ₹120.80 Crores. This move is characterized as a monetization of a non-operating asset and a release of capital previously tied up in investment property.
Transaction Details
The property sold was a vacant land and had never been utilized for any business operations of the Company. Consequently, this transaction is not expected to affect Symphony Limited’s ongoing business operations. The buyers of the property are identified as Samta Agarwal and Sandeep Kumar Agarwal, who do not belong to the promoter/promoter group/group companies of Symphony Limited. The transaction is also confirmed not to be a related party transaction.
Source: BSE
