Kiran Print Pack approves ₹8.5 Cr land sale to promoter entity
- Kiran Print Pack approved sale of industrial assets to promoter-linked Karav Innovation LLP for ₹8.5 crore
- The assets contributed ₹43.7 lakh in rental income in FY26, representing ~29% of total company income
- Transaction is structured as an arm's length related-party deal pending shareholder approval
- Completion is expected in FY27; definitive agreement execution is yet to occur
- Board also reappointed Vinodkumar Dalmia as independent director for a five-year term
*this image is generated using AI for illustrative purposes only.
Kiran Print Pack Limited approved the sale of its industrial land and building to a promoter-linked entity for ₹8.5 crore on September 1, 2026. The transaction involves an 'as is where is' transfer to Karav Innovation LLP, pending shareholder approval.
The board meeting also addressed governance and annual compliance matters. Key decisions included the approval of the Directors' Report for FY26 and the scheduling of the 37th Annual General Meeting (AGM).
Related-Party Transaction
The most significant outcome was the approval for the sale and transfer of the company's industrial assets located at W-166 E, TTC Industrial Area, MIDC Pawane, Navi Mumbai. The buyer is Karav Innovation LLP, an entity wherein the promoters or members of the promoter group serve as designated partners.
The transfer is structured on an 'as is where is' basis. This transaction requires subsequent approval from the company's members at the AGM under Section 180(1)(a) of the Companies Act, 2013 and Regulation 37A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Impact
The disclosed consideration is ₹8.5 crore. In FY26, the company received rental income of ₹43.7 lakh from these assets, which accounted for approximately 28.94% of its total income. The completion of the sale is expected in FY27, subject to member approval.
| Metric | Value | Details |
|---|---|---|
| Sale Consideration | ₹8.5 crore | Payable by Karav Innovation LLP |
| FY26 Rental Income | ₹43.7 lakh | ~29% of total company income |
| Transaction Type | Related Party | Arm's length basis |
| Expected Completion | FY27 | Subject to shareholder approval |
Governance and AGM Details
The board reappointed Mr. Vinodkumar Bajranglal Dalmia (DIN 03018994) as an Independent Director. His second term spans five consecutive years, from September 29, 2026, to September 28, 2031, subject to member approval.
The 37th AGM is scheduled for Thursday, September 24, 2026, at 12:00 noon via Video Conferencing or Other Audio Visual Means (OAVM). The register of members will remain closed from September 18, 2026, to September 24, 2026.
| Event | Date | Details |
|---|---|---|
| Cut-off date for e-voting | September 17, 2026 | For 37th AGM |
| Register closure start | September 18, 2026 | Inclusive |
| Register closure end | September 24, 2026 | Inclusive |
| AGM Date | September 24, 2026 | VC/OAVM mode |
Mr. Narottam Bagaria, Partner at M/s. N. Bagaria & Associates, was appointed as the Scrutinizer for the e-voting process.
How will the loss of ₹43.7 lakh in annual rental income impact Kiran Print Pack's revenue mix and profitability in FY27?
What strategic rationale does the company provide for selling a high-yielding asset to a promoter-linked entity rather than retaining it or selling to a third party?
Will the ₹8.5 crore proceeds from the land sale be reinvested into core printing operations, used for debt reduction, or distributed as dividends?
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