Sundaram Clayton Limited has successfully completed a significant land sale transaction worth ₹533.62 crore on March 26, 2026. The company announced the completion of the sale through a regulatory filing under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Transaction Details

The land sale involves a 16.33-acre property situated at Korattur Village, Ambattur Taluk, Chennai District, Tamil Nadu. The buyer, Canopy Living LLP, represents a joint venture between Arihant Foundations & Housing Limited and Prestige Estates Projects Limited.

Transaction Timeline

The sale process began with the execution of an Agreement to Sell on January 8, 2026. As part of the initial agreement, Sundaram-Clayton Limited received an advance payment of ₹25 crore from the buyer. The transaction reached completion on March 26, 2026, with the execution and registration of the sale deed.

Financial Settlement

The company has received the balance consideration aggregating to ₹533.62 crore following due diligence procedures. This amount represents the full and final settlement of the transaction, completing all financial obligations related to the land sale.

Regulatory Compliance

Sundaram-Clayton Limited has maintained transparency throughout the transaction process by providing timely disclosures to the stock exchanges. The company initially informed the National Stock Exchange of India Limited and BSE Limited about the Agreement to Sell on January 8, 2026, and has now updated stakeholders about the successful completion of the transaction as a material development under regulatory requirements.

Sundaram Clayton Limited has made a strategic investment in the renewable energy sector through an additional investment of Rs 7,44,63,409 in Navia Two Power Private Limited. The investment was disclosed under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements, representing the company's commitment to meeting regulatory requirements while expanding its presence in the renewable energy sector.

Investment Structure and Details

The company acquired equity shares through subscription to Navia's rights issue with a comprehensive financial structure:

Shareholding Impact and Changes

The acquisition has significantly increased Sundaram Clayton's stake in Navia Two Power, demonstrating substantial ownership enhancement:

About Navia Two Power Private Limited

Navia Two Power Private Limited operates as a special-purpose vehicle with focused renewable energy operations:

Strategic Rationale and Compliance

The investment aligns with regulatory compliance requirements for captive power consumption under Indian electricity laws. Navia operates as a special-purpose vehicle of the Zelestra Group, focusing on renewable energy generation to meet captive power plant requirements. The transaction does not fall under related party transactions, and no governmental or regulatory approvals were required for this acquisition.

Financial Track Record

As a recently incorporated entity, Navia's financial performance reflects its early-stage status: