Vashishtha Luxury Fashion has moved to optimize its asset base by approving the sale of an immovable property in Mumbai for ₹2.30 Crores. The Board of Directors sanctioned the transaction during a meeting held on August 12, 2026, marking a strategic shift to focus resources on expanding operations at its registered office in Lower Parel.

The property being sold is located at Gala No. 6, Ground Floor, Gala Udyog Premises, Kailash Commercial Complex, L.B.S. Marg, Vikhroli (W), Mumbai. Admeasuring 1,096 sq. ft. (built-up area) and bearing C.T.S. Nos. 22 and 22/1 (part), the unit is no longer required for the company’s business operations. The buyer is ASAP Fluids Private Limited, which does not belong to the promoter group or group companies of Vashishtha Luxury Fashion.

Transaction Details

The sale was executed pursuant to a Memorandum of Understanding (MOU) between the two entities. The total lump-sum consideration stands at ₹2.30 Crores (₹2,30,00,000). Of this amount, the company has already received ₹11,00,000 as a token amount. The balance consideration of ₹2,19,00,000 will be received in accordance with the terms of the definitive Sale Agreement, which is to be executed in due course.

Strategic Rationale

Management stated that the disposal is part of a broader strategy to enhance operational capacity at the company’s current premises in Lower Parel. By divesting non-core assets, Vashishtha Luxury Fashion aims to streamline its resource allocation towards existing and expanding operations. The transaction is not classified as a related-party transaction and does not fall under a Scheme of Arrangement or Regulation 37A of the SEBI LODR Regulations.

Regulatory Compliance

The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references SEBI circulars 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/I/3762/2026 dated January 30, 2026. The Board meeting concluded at 03:30 P.M. on August 12, 2026.

Vashishtha Luxury Fashion Limited has purchased and imported a KSA SINSIM-906+106 Multihead Flat Embroidery Machine from Zhejiang Xinsheng Technology Corp., Ltd., China, for a total consideration of USD 59,000. The acquisition is part of the company's capital expenditure programme aimed at enhancing its embroidery manufacturing capacity and improving operational efficiency.

The machinery has been added to the company's fixed assets. The transaction was conducted in the ordinary course of business and forms part of the capital expenditure for the expansion and modernization of its manufacturing operations. This move is intended to strengthen the company's ability to meet increasing customer requirements.

Purchase Details