Orosil smiths India Limited has received a payment of ₹2 crore from the buyer towards the sale consideration of its property located in Noida. The company informed the BSE Limited about this development through a regulatory filing dated January 13, 2026, maintaining its commitment to transparent disclosure of material events.

Payment Details and Transaction Overview

The payment was received from Mr. Sanidhya Garg, the buyer of the property situated at A-89, Sector-2, Noida – 201301. This represents a continuation of the payment schedule for the property sale transaction that has been ongoing since April 2025.

Regulatory Compliance and Previous Disclosures

Orosil Smiths India Limited has maintained regular disclosure of developments related to this property sale transaction. The company has filed multiple intimations with the stock exchange regarding this matter, demonstrating consistent compliance with SEBI regulations.

Corporate Disclosure Framework

The intimation was filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Sakshi Bansal signed the disclosure document, ensuring proper authorization and compliance with regulatory requirements.

The company has indicated that further developments regarding this property sale transaction will be duly communicated to the stock exchange, maintaining transparency with stakeholders and regulatory authorities. This systematic approach to disclosure reflects the company's commitment to maintaining proper corporate governance standards and keeping investors informed about material developments.

Orosil Smiths India Limited has received a partial payment of ₹1.00 crore from the buyer towards the remaining sale consideration for its Noida property, marking a positive development following a significant payment default crisis.

Original Property Deal Structure

The company had entered into an agreement to sell its property located at A-89, Sector-2, Noida – 201301 to Mr. Sanidhya Garg for a total consideration of ₹27.00 crore. The original payment structure included:

Payment Default Crisis

The transaction faced a major setback when all four post-dated cheques totaling ₹20.00 crore were returned unpaid due to insufficient funds:

Recent Payment Recovery

In a positive development, the company has now received an additional payment of ₹1.00 crore from Mr. Sanidhya Garg towards the remaining sale consideration. This payment comes after the company's efforts to pursue the matter and protect its interests following the earlier default.

Current Payment Status

Regulatory Compliance and Future Updates

The company has been maintaining transparency through regular communications to the BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. OSIL has committed to informing the stock exchange about further developments in this property sale transaction as they occur.

This partial payment recovery demonstrates the company's ongoing efforts to resolve the payment default situation and secure its financial interests in the property transaction.