GeeCee Ventures Limited , a prominent player in the Indian real estate sector, has made a significant move by acquiring a prime piece of land in Mumbai's Goregaon West area. The company has purchased freehold land measuring 4,003.80 square meters for a consideration of ₹139.00 crores, excluding stamp duty and registration charges.

Transaction Details

Key Points of the Acquisition

• The land bears CTS no. 919/A and is strategically located in Goregaon West, a rapidly developing area of Mumbai.
• GeeCee Ventures has executed and registered a conveyance deed for the purchase.
• The company plans to undertake appropriate development on this land in the future.

Transaction Transparency

GeeCee Ventures has emphasized the transparency of this transaction:

• The seller is a third-party entity not affiliated with the Promoter/Promoter Group or Group companies.
• The transaction does not fall under the category of Related Party Transactions.
• No Promoters, Directors, Key Managerial Persons, or their relatives have any direct or indirect interest in this transaction.

This land acquisition represents a strategic move by GeeCee Ventures to expand its real estate portfolio in one of Mumbai's prime locations. The company's decision to invest a substantial amount in this land parcel indicates its confidence in the potential for development in the Goregaon West area.

As the real estate market in Mumbai continues to evolve, this acquisition positions GeeCee Ventures to capitalize on future growth opportunities in the region. The company's plans for developing this newly acquired land could potentially impact its future performance and market position in the competitive Mumbai real estate sector.

GeeCee Ventures Limited has finalized its investment in Tilaknagar Industries Limited (TIL) by completing the balance payment for convertible warrants. This move marks a significant step in GeeCee's investment strategy and provides insight into the dynamics of the Indian Made Foreign Liquor (IMFL) market.

Investment Details

GeeCee Ventures has made the following payments towards the acquisition of convertible warrants in Tilaknagar Industries:

The company has acquired 5,00,000 convertible warrants at a price of ₹382 per warrant. Upon conversion, these warrants will represent approximately 0.20% of Tilaknagar Industries' total share capital.

Timeline and Conversion

• Balance Payment Date: October 31, 2025
• Expected Conversion Completion: By November 30, 2025

About Tilaknagar Industries Limited

Tilaknagar Industries, incorporated on July 29, 1933, is a well-established player in the IMFL sector. Here are some key financial highlights of TIL:

TIL is renowned for its flagship brand, Mansion House Brandy, which holds the position of India's largest-selling brandy. The company's product portfolio also includes whisky, rum, vodka, and gin under various labels.

Historical Performance

Tilaknagar Industries has shown consistent growth in turnover over the past three years:

This investment by GeeCee Ventures into Tilaknagar Industries reflects a strategic move in the IMFL sector, which has been showing steady growth. The completion of this transaction may signal GeeCee's confidence in the future prospects of TIL and the broader alcoholic beverage market in India.

As the conversion of warrants is expected to be completed by November 30, 2025, market observers will be keen to see how this investment impacts both companies' future strategies and market positions.