Lippi Systems Limited Sells Property for Rs. 9 Crore in Strategic Move
Lippi Systems Limited has sold its land and building property in Gujarat to Kshetrapal Realty LLP for Rs. 9.00 crores. The property, located in Rakanpur, Gandhinagar, includes 7770 sq. meters of land and 6141.86 sq. meters of built-up area, comprising industrial, commercial, and residential units. The sale was approved by the Board of Directors and shareholders, following proper corporate governance procedures. The buyer is not a related party and holds no equity in Lippi Systems Limited.

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Lippi Systems Limited has recently executed a significant property sale, marking a strategic move for the company. The transaction involves the sale and transfer of land and building property located in Gujarat to Kshetrapal Realty LLP for a total consideration of Rs. 9.00 crores.
Transaction Details
| Aspect | Details |
|---|---|
| Buyer | Kshetrapal Realty LLP (LLPIN - AAS-6454) |
| Property Location | Ahmedabad-Santej Road, Via Sola and Bhadaj Village, Opp. Manpasand Weigh Bridge, Village – Rakanpur, Taluka Kalol, Gandhinagar – 382721, Gujarat |
| Land Area | 7770 sq. meters |
| Built-up Area | 6141.86 sq. meters |
| Property Components | Industrial, commercial, and residential units |
| Total Consideration | Rs. 9.00 crores |
Property Breakdown
The sold property consists of:
- Industrial Unit: 3344.88 sq. meters
- Commercial Unit: 356.29 sq. meters
- Residential Unit: 2432.88 sq. meters
- Electronic Sub Station: 8.41 sq. meters
Corporate Governance
The sale was executed following proper corporate governance procedures:
- The Board of Directors approved the sale on August 14, 2024
- Shareholders approved the transaction at the 31st Annual General Meeting held on September 30, 2024
Key Points
- The buyer, Kshetrapal Realty LLP, does not hold any equity shares in Lippi Systems Limited
- The transaction is not considered a related party transaction
- No special rights or benefits were granted as part of this agreement
This property sale appears to be a part of Lippi Systems Limited's strategic asset management. The company has followed due process in executing this sale, ensuring transparency and compliance with regulatory requirements.
Historical Stock Returns for Lippi Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.86% | -6.11% | -0.78% | +21.55% | +16.77% | +203.52% |




























