Archit Organosys Limited Purchases Land from Promoter for Rs. 10.51 Crore

1 min read     Updated on 17 Mar 2026, 07:25 PM
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Reviewed by
Radhika SScanX News Team
Overview

Archit Organosys Limited executed a Banakhat agreement on March 17, 2026, to purchase land in Bhavnagar from promoter-director Kandarp Amin for Rs. 10.51 crore. The transaction received necessary approvals from the Audit Committee and Board of Directors, with the company maintaining regulatory compliance under SEBI (LODR) Regulations, 2015.

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*this image is generated using AI for illustrative purposes only.

Archit Organosys Limited has executed a Banakhat agreement for the acquisition of land from its promoter-director for Rs. 10.51 crore. The company informed BSE Limited about this significant related party transaction on March 17, 2026, in compliance with regulatory requirements.

Transaction Details

The land purchase transaction involves specific parameters that highlight the scope and nature of the acquisition:

Parameter: Details
Transaction Value: Rs. 10,51,00,000 (Rs. Ten Crore Fifty-One Lakh Only)
Property Location: Survey/Block No. 41, Town: Kala Talav, District: Bhavnagar
Seller: Shri Kandarp Krishnakant Amin
Seller Designation: Chairman and Whole Time Director (Promoter)
Agreement Type: Banakhat
Execution Date: March 17, 2026

Regulatory Compliance

The transaction has been structured in accordance with SEBI regulations governing related party transactions. The company obtained necessary approvals from its Audit Committee and Board of Directors before proceeding with the land acquisition. This compliance framework ensures transparency in dealings between the company and its promoter-director.

Archit Organosys Limited had previously intimated the exchange about this proposed transaction on February 21, 2026, demonstrating proactive disclosure practices. The company has committed to providing further updates upon execution of the Conveyance Deed/Sale Deed.

Future Disclosures

The company will share additional details as required under SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 upon execution of the Conveyance Deed. This ensures complete regulatory compliance and maintains transparency with stakeholders regarding the land acquisition process.

The transaction represents a significant corporate development for Archit Organosys Limited, involving substantial capital deployment for land acquisition in Gujarat's Bhavnagar district.

Historical Stock Returns for Archit Organosys

1 Day5 Days1 Month6 Months1 Year5 Years
-0.74%-1.00%-6.60%-24.29%-5.56%+56.33%

Archit Organosys Board Approves Purchase of Immovable Property from Promoter

1 min read     Updated on 21 Feb 2026, 08:15 PM
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Reviewed by
Riya DScanX News Team
Overview

Archit Organosys Limited's Board of Directors and Audit Committee approved the purchase of immovable property in Bhavnagar from promoter and Chairman Kandarp Krishnakant Amin during their February 21, 2026 meeting. The transaction complies with SEBI regulations for related party transactions and material event disclosures. The company will provide additional intimation to the stock exchange upon execution of the conveyance deed.

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*this image is generated using AI for illustrative purposes only.

Archit Organosys Limited's Board of Directors has approved a significant property acquisition from its promoter, marking an important corporate development for the Gujarat-based company. The decision was taken during a board meeting held on February 21, 2026, demonstrating the company's strategic approach to asset acquisition.

Board Meeting Details

The Board of Directors and Audit Committee of Archit Organosys Limited convened on Saturday, February 21, 2026, to deliberate on the property purchase proposal. The meeting details are outlined below:

Parameter: Details
Meeting Date: February 21, 2026
Meeting Duration: 7.00 PM to 7.40 PM
Approval Body: Board of Directors and Audit Committee
Meeting Day: Saturday

Property Transaction Details

The board approved the purchase of immovable property situated in Bhavnagar from Shri Kandarp Krishnakant Amin, who serves as the Chairman and Whole Time Director of the company. This transaction represents a related party deal given Amin's promoter status.

Transaction Parameter: Details
Property Type: Immovable property (land)
Location: Bhavnagar
Seller: Shri Kandarp Krishnakant Amin
Seller Designation: Chairman and Whole Time Director
Seller Status: Promoter
Director Identification: DIN: 00038972

Regulatory Compliance

The transaction has been structured in full compliance with SEBI regulations. The company has fulfilled its disclosure obligations under multiple regulatory frameworks:

  • Regulation 30: Material events disclosure requirements
  • Schedule III: Specific disclosure formats
  • Regulation 23: Related party transaction regulations

The company has committed to providing additional intimation to the stock exchange once the Conveyance Deed or Sale Deed is executed, ensuring complete transparency throughout the transaction process.

Corporate Information

Archit Organosys Limited operates from its registered office at 903, 9th Floor, Venus Benecia, Near Pakwan Restaurant, Bodakdev, S. G. Highway, Ahmedabad-380054, Gujarat. The company holds CIN: L24110GJ1993PLC019941 and maintains its manufacturing unit at Survey No. 228/A, Paiki 7, Paiki 2, Village - Narmad, Bhavnagar-364313, Gujarat.

The notification was digitally signed by Kandarp Amin in his capacity as Whole-time Director on February 21, 2026, at 19:56:12 +05'30', confirming the authenticity of the corporate communication to BSE Limited.

Historical Stock Returns for Archit Organosys

1 Day5 Days1 Month6 Months1 Year5 Years
-0.74%-1.00%-6.60%-24.29%-5.56%+56.33%

More News on Archit Organosys

1 Year Returns:-5.56%