Alfavision Overseas Amends 220-Acre Lease Agreements for Resort Development
Alfavision Overseas (India) Limited has strategically amended its lease agreements covering 220 acres across seven properties in Madhya Pradesh to facilitate business expansion into resort development, real estate, and allied commercial activities. The amendments, approved on March 05, 2026, maintain the original 5-year terms and 60:40 profit-sharing arrangement while expanding permitted land use beyond the original scope.
*this image is generated using AI for illustrative purposes only.
Alfavision Overseas (India) Limited has amended its lease agreements covering 220 acres of land with promoter and promoter entities to facilitate business expansion through diversified commercial activities. The board meeting held on March 05, 2026, approved the amendments to incorporate additional permitted activities including resort development, real estate development, recreation, and allied commercial purposes.
Business Expansion Strategy
The amended lease agreements represent a strategic shift for Alfavision Overseas, expanding the permitted use of leased land beyond the original terms. The revised agreements now allow utilization for resort development, real estate development, recreation, and allied commercial purposes, including infrastructure development, utilities, access roads, and ancillary facilities. This expansion positions the company to diversify its business operations across multiple commercial sectors.
Comprehensive Land Portfolio
The amended agreements encompass seven separate properties strategically located in Village Saras, Tehsil Ichchawar, District Sehore, Madhya Pradesh. All agreements maintain the original 5-year term while incorporating the expanded business activities.
| Property: | Lessor | Area (Acres) | Survey Numbers | Lease Deposit |
|---|---|---|---|---|
| Property 1: | M/s. Bhagwan Farms Pvt. Ltd. | 17.81 | 74/3 | Rs. 10,30,40,090/- |
| Property 2: | M/s Bhagyarekha Capital Market Pvt. Ltd | 35.51 | 208, 209, 221 | Rs. 35,36,22,500/- |
| Property 3: | M/s L K Investment & Trading Pvt. Ltd | 38.14 | 211/2 | Rs. 22,15,21,335/- |
| Property 4: | M/s Rekha Securities Pvt Ltd | 36.65 | 205, 222, 211/1 | Rs. 23,03,85,521/- |
| Property 5: | Mr. V P Goyal | 35.63 | 74/1 | Rs. 20,49,72,291/- |
| Property 6: | Alfa Valley Infra Pvt. Ltd | 17.81 | 74/2 | -- |
| Property 7: | Alfavision Fibres Pvt. Ltd. | 13.08 | 206 & 207 | -- |
Financial Structure and Profit Sharing
The lease agreements involve substantial financial commitments with five properties requiring lease deposits totaling over Rs. 111 crores. Two properties with Alfa Valley Infra Pvt. Ltd and Alfavision Fibres Pvt. Ltd do not specify lease deposit amounts. The agreements maintain the established profit-sharing mechanism where profits arising from the leased land will be distributed between the company as lessee and the lessors in a 60:40 ratio, ensuring Alfavision Overseas retains the majority share of generated profits.
Regulatory Compliance and Documentation
The company filed its official intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming the amendments for business expansion purposes. Director Ravi Goyal executed all amended lease agreements on March 05, 2026, with digital signatures confirming the documentation. The amendments maintain all other original terms and conditions while specifically incorporating the expanded permitted activities for commercial diversification.
Historical Stock Returns for Alfavision Overseas
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -4.73% | -6.81% | -46.13% | -73.12% | -0.52% |
19
