Tokyo Plast International to Sell Mumbai Property for ₹15.01 Crore, Awaits Shareholder Approval
Tokyo Plast International Limited's Board has approved the sale of an 817.50 square metre property in Andheri, Mumbai, to M/s Afitaplus Ventures LLP for ₹15.01 crore. The sale represents about 20% of the company's net worth for FY2024-25 but doesn't impact revenue. Shareholder approval is required through a special resolution at an EGM scheduled for December 10, 2025. If approved, the transaction is expected to complete within 6 months.

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Tokyo Plast International Limited , a company listed on both BSE and NSE, has announced a significant corporate action that could impact its asset portfolio. The Board of Directors has approved the sale of an immovable property in Mumbai, subject to shareholder approval.
Key Details of the Property Sale
| Aspect | Details |
|---|---|
| Property Location | Andheri (East), Mumbai |
| Property Size | Approximately 817.50 square metres |
| Buyer | M/s Afitaplus Ventures LLP |
| Sale Price | ₹15.01 crore |
| Net Worth Impact | Represents about 20% of the company's net worth (FY2024-25) |
| Revenue Contribution | Property does not contribute to turnover or revenue |
| Shareholder Approval | Required through special resolution at EGM |
| EGM Date | December 10, 2025 |
| Expected Completion | Within 6 months of shareholder approval and final document execution |
Transaction Specifics
The Board of Directors convened on November 10, 2025, to approve the sale of the company's immovable property. The property in question is situated at C.T.S. No. 732, S. No. 49A, H. No. 9, Village Marol, Andheri Kurla Road, Andheri (East), Mumbai – 400059.
Tokyo Plast International has clarified that this transaction does not fall under related party transactions, as the buyer, M/s Afitaplus Ventures LLP, does not belong to the promoter or promoter group of the company.
Regulatory Compliance and Shareholder Approval
The sale requires shareholder approval through a special resolution under Section 180(1)(a) of the Companies Act, 2013, read with Regulation 37A of the SEBI Listing Regulations. To facilitate this, the company has scheduled an Extraordinary General Meeting (EGM) for December 10, 2025, to be held virtually at 12 p.m.
Financial Implications
While the property represents a significant portion of the company's net worth, it's important to note that it does not contribute to the company's turnover or revenue. The sale, if approved, could potentially provide Tokyo Plast International with additional liquidity for its operations or future investments.
Next Steps
Shareholders will play a crucial role in determining the outcome of this proposed sale. If approved at the EGM, Tokyo Plast International expects to complete the transaction within six months, subject to the execution of final documents and receipt of all necessary approvals.
Investors and stakeholders are advised to keep an eye on the outcome of the EGM and any subsequent announcements from the company regarding the progress of this property sale.
Historical Stock Returns for Tokyo Plast International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.17% | -2.75% | -4.93% | -19.61% | -6.58% | +70.75% |





























