Jeena Sikho Lifecare Files Revised Disclosure for ₹24 Crore Punjab Land Sale
Jeena Sikho Lifecare Limited filed a revised SEBI Regulation 30 disclosure on May 9, 2026, incorporating board meeting timings for the sale of approximately 48 Bigha of non-operational land in Punjab to Tresco Realty Group LLP for ₹24,00,00,000/-. The Agreement to Sell was executed on May 7, 2026, and approved by the Board on May 8, 2026. The transaction is not a related party transaction and will not impact the Company's business operations.

*this image is generated using AI for illustrative purposes only.
Jeena Sikho Lifecare Limited filed a revised disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on May 9, 2026, in response to an email communication received from BSE Limited. The revision was made to incorporate the commencement and conclusion time of the Board Meeting held on May 8, 2026, during which the Board approved the sale of a non-operational land parcel in Punjab to Tresco Realty Group LLP for an aggregate consideration of ₹24,00,00,000/- (Rupees Twenty-Four Crores Only). The Board Meeting commenced at 5:00 PM and concluded at 5:30 PM. The Agreement to Sell was executed on May 7, 2026, and subsequently placed before the Board on May 8, 2026, for noting and formal approval. The intimation was signed by Manish Grover, Managing Director, on behalf of Jeena Sikho Lifecare Limited.
Key Transaction Details
The following table summarises the key parameters of the land sale transaction as disclosed under Regulation 30 of the SEBI Listing Regulations:
| Parameter: | Details |
|---|---|
| Land Area: | Approximately 48 Bigha |
| Location: | Service Road (Under Flyover), Chandigarh–Bathinda Highway, Village Ramnagar, Tehsil Rajpura, District Patiala, Punjab |
| Seller: | Jeena Sikho Lifecare Limited |
| Purchaser: | Tresco Realty Group LLP (LLPIN: ACT-5901) |
| Purchaser Address: | A-2/103 First Floor Janakpuri, Janakpuri A-3, New Delhi, West Delhi, Delhi 110058, India |
| Aggregate Consideration: | ₹24,00,00,000/- (Rupees Twenty-Four Crores Only) |
| Agreement to Sell Date: | May 7, 2026 |
| Board Approval Date: | May 8, 2026 |
| Board Meeting Timings: | Commenced at 5:00 PM, Concluded at 5:30 PM |
| Revised Disclosure Date: | May 9, 2026 |
Nature and Purpose of the Transaction
The land being sold is non-operational in nature, with no business operations of the Company carried out on the said land. Accordingly, the Company has stated that the sale will not have any impact on its business operations. The transaction does not constitute a sale of an undertaking or substantially the whole of the undertaking in terms of Section 180(1)(a) of the Companies Act, 2013. The proposed transaction is also not part of any Scheme of Arrangement.
Related Party and Compliance Disclosures
The Company has confirmed that Tresco Realty Group LLP does not belong to the Promoter, Promoter Group, or Group Companies of Jeena Sikho Lifecare Limited. The transaction does not fall within the ambit of Related Party Transactions. None of the Promoters, Directors, Key Managerial Personnel, or their relatives are concerned or interested, financially or otherwise, in the transaction.
Completion and Payment Terms
The transaction is proposed to be completed upon fulfilment of conditions precedent, which include:
- Completion of partition (taksim) of the property
- Fulfilment of payment obligations
- Execution and registration of the Sale Deed as stipulated in the Agreement to Sell
The Agreement to Sell also provides for payment of earnest money, completion of due diligence, and payment of balance consideration in the manner agreed between the parties.
Regulatory Disclosure
The revised disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations, as amended, and in accordance with SEBI circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The disclosure pertaining to turnover, revenue, or income contribution was noted as not applicable, as the transaction pertains to a non-operational land parcel and does not relate to the sale or disposal of any undertaking.
Historical Stock Returns for Jeena Sikho Lifecare
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.06% | -0.52% | +7.28% | -4.67% | -68.68% | +312.72% |
How does Jeena Sikho Lifecare plan to deploy the ₹24 crore proceeds from the land sale, and could this signal a strategic shift toward asset-light operations or new business investments?
Does Jeena Sikho Lifecare hold any other non-operational land parcels or idle assets that could be monetised in future transactions similar to this Punjab land sale?
What are the conditions precedent, particularly the partition (taksim) process, likely to take, and could any delays in completing these conditions impact the timeline for receiving the full consideration?


































