Cryogenic OGS Limited Sells Gujarat Property for Rs. 1.43 Crores
Cryogenic OGS, a manufacturer of oil and gas equipment, has sold its property in Gujarat for Rs. 1.43 crores. The sale, approved by the board in December 2024, was completed on August 18, 2025. The buyer, Ms. Hetalben Kirtesh Patel, is not related to the company's promoter or group. The transaction complies with regulatory requirements and is not considered a related party transaction.

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Cryogenic Ogs , a manufacturer of oil and gas metering and filtering equipment, has successfully executed a sale deed for its property in Gujarat. The company announced the completion of the transaction on August 18, 2025, marking a significant move in its asset management strategy.
Property Sale Details
The property, located at 187 Por GIDC, Por Ramangamdi-Por, District Baroda, Gujarat, was sold for a total consideration of Rs. 1.43 crores. The buyer has been identified as Ms. Hetalben Kirtesh Patel, an individual not related to the company's promoter, promoter group, or group companies.
Board Approval and Compliance
Cryogenic OGS Limited's Board of Directors had previously approved the authority to sell this property during a meeting held on December 7, 2024. The approval set a maximum consideration of Rs. 1.43 crores, aligning perfectly with the final sale price achieved.
Regulatory Compliance
The company has emphasized that this property sale does not constitute an undertaking or substantially the whole of the undertaking under Section 180(1)(a) of the Companies Act, 2013. This clarification is crucial for shareholders and regulatory bodies to understand the scale and impact of the transaction on the company's overall operations.
Transaction Nature
Importantly, Cryogenic OGS Limited has confirmed that the transaction does not fall within the category of related party transactions. This disclosure ensures transparency and compliance with regulatory requirements, particularly those set by the Securities and Exchange Board of India (SEBI).
Company Background
Cryogenic OGS Limited, formerly known as Cryogenic Liquide Private Limited, specializes in manufacturing oil and gas metering and filtering equipment. The company's registered office and works are located in Por Industrial Park, Vadodara, Gujarat.
This property sale appears to be part of Cryogenic OGS Limited's strategic asset management, potentially aimed at optimizing its property portfolio or reallocating resources. As the transaction complies with regulatory requirements and has been executed at the board-approved price, it represents a structured approach to the company's asset decisions.
Historical Stock Returns for Cryogenic Ogs
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-2.70% | -4.63% | -16.74% | +15.45% | +15.45% | +15.45% |