Jeena Sikho Lifecare board approves land sale for ₹9.05 Cr
Jeena Sikho Lifecare Limited’s board approved the sale of a property in Punjab to M/s VSB Enterprises for ₹9.05 Cr, subject to definitive agreements. The asset, which contributed 6% to total revenue in FY26, will be leased back to ensure business continuity. The transaction is not a related party deal and does not require shareholder approval under Section 180(1)(a) of the Companies Act, 2013.
*this image is generated using AI for illustrative purposes only.
Jeena Sikho Lifecare Limited’s board has approved the sale of land and building situated in Village Devinagar, Tehsil Derabassi, District S.A.S. Nagar (Mohali), Punjab to M/s VSB Enterprises for an aggregate consideration of ₹9,05,00,000. The transaction, approved on June 19, 2026, involves a property admeasuring approximately 11 Bigha 02 Biswa 13 Biswasi. The company will continue to occupy the premises under a lease arrangement to ensure no disruption to business operations.
The land and building are currently utilized for the company's business operations and generated revenue of ₹46.47 crores during the financial year ended March 31, 2026. This amount represents approximately 6% of the company's total revenue from operations for that period. The carrying value of the asset as on March 31, 2026, was approximately ₹3.35 Crores, accounting for roughly 0.72% of the company's net worth.
Transaction Details
The sale is aimed at monetizing the asset while maintaining operational continuity through a lease-back agreement. The definitive transaction documents are yet to be executed. The purchaser, M/s VSB Enterprises, is a partnership firm based in Chandigarh and is not related to the promoter, promoter group, or group companies of Jeena Sikho Lifecare Limited.
| Parameter | Details |
|---|---|
| Purchaser | M/s VSB Enterprises, Partnership Firm |
| Sale Consideration | ₹9,05,00,000 |
| Property Size | 11 Bigha 02 Biswa 13 Biswasi |
| Location | Village Devinagar, Tehsil Derabassi, District S.A.S. Nagar (Mohali), Punjab |
| Carrying Value (as on Mar 31, 2026) | ₹3.35 Crores |
| Revenue from Premises (FY26) | ₹46.47 crores |
Regulatory and Operational Impact
The proposed sale does not constitute the disposal of an undertaking or substantially the whole of an undertaking under Section 180(1)(a) of the Companies Act, 2013. Consequently, the transaction will not result in the closure or discontinuation of any business divisions. The board meeting, where the approval was granted, commenced at 5:30 PM and concluded at 8:30 PM on June 19, 2026.
Historical Stock Returns for Jeena Sikho Lifecare
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.41% | -6.15% | -11.75% | -22.22% | +30.92% | +221.43% |
What are the specific terms and duration of the lease-back agreement, and how will the rental costs impact future operating margins?
How does Jeena Sikho Lifecare plan to utilize the ₹9.05 crore proceeds from the sale to drive growth or reduce debt?
Will the monetization of this asset signal a shift in the company's strategy toward a more asset-light business model?
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