VIP Industries Limited has announced the sale of its non-core land asset in Nashik for ₹24.28 crores, as disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The transaction involves the disposal of a strategic asset to streamline the company's portfolio and optimize its asset base.

Transaction Details

The company has entered into a binding agreement with DGP Realty Nashik Private Limited for the sale of its Nashik land asset. The key parameters of this transaction are outlined below:

Related Party Transaction Structure

The transaction involves entities within the promoter group structure. DGP Realty Nashik Private Limited is a wholly owned subsidiary of DGP Securities Limited, which forms part of the promoter group of VIP Industries. Despite this relationship, the company has clarified that the transaction does not qualify as a material related party transaction under SEBI Listing Regulations or the company's Policy on Related Party Transactions.

Regulatory Compliance and Pricing

The sale has been structured in compliance with regulatory requirements and conducted at arm's length pricing. Key compliance aspects include:

• Transaction carried out at arm's length pricing
• Full disclosure under Regulation 30(4) of SEBI Listing Regulations
• Compliance with company's Policy on Disclosure of Material Events
• Adherence to prescribed format under Schedule III of Listing Regulations

Strategic Rationale

The disposal of this non-core asset aligns with the company's strategy to focus on its primary business operations while optimizing its asset portfolio. The Nashik land, being classified as a non-core asset, represents an opportunity for the company to unlock value from underutilized real estate holdings.

Corporate Governance Framework

The transaction demonstrates VIP Industries' commitment to maintaining transparent corporate governance practices. The company has provided comprehensive disclosure details as required under SEBI regulations, ensuring all stakeholders have access to material information about the asset sale. The arm's length nature of the transaction, despite the related party involvement, underscores the company's adherence to fair dealing practices.

VIP Industries Limited has announced the assignment of lease for its non-core asset in Nagpur for ₹51.18 crores. The company disclosed this transaction under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, on December 31, 2025.

Transaction Details

The assignment involves the transfer of lease rights for the Nagpur Property to DGP Realty Nagpur Private Limited. The property is strategically located at Plot no L4 & L5 Nagpur Industrial Area, Village Nildoh, Taluka-Hingna and District Nagpur.

Related Party Transaction Structure

The transaction involves a related party as DGP Realty Nagpur Private Limited is a wholly owned subsidiary of Piramal Vibhuti Investments Limited, which forms part of VIP Industries' promoter group. However, the company has clarified that this does not constitute a material related party transaction under SEBI Listing Regulations or the company's internal policy on related party transactions.

Regulatory Compliance

The assignment is subject to receipt of approval from the Maharashtra Industrial Development Corporation. VIP Industries has confirmed that the transaction is being carried out at arm's length, ensuring compliance with regulatory requirements for related party transactions. The company has fulfilled its disclosure obligations under the prescribed format of Regulation 30(4) read with Clause 5 of Para B of Part A of Schedule III of the Listing Regulations.

Strategic Implications

This transaction represents VIP Industries' continued focus on optimizing its asset portfolio by divesting non-core properties. The assignment of the Nagpur property lease allows the company to monetize an industrial asset while maintaining compliance with all regulatory requirements and corporate governance standards.