30-Oct-2026 15:56:02
GOODRICKE : SIGNS MOU TO SELL BARNESBEG TEA ESTATE FOR RS 5 CR
• Non-binding MoU executed on October 30, 2026 with Spec Finance IFSC Private Limited and Ashvik Strategic Ventures LLP as buyers • Sale on an "as is, where is" basis for ₹5 Cr exclusive of applicable taxes, subject to adjustments for current assets and current liabilities • Barnesbeg Tea Estate contributed ₹2.62 Cr revenue in FY25-26, 0.25% of total turnover, with average annual own crop of 40,000 kgs • Net worth contribution of the estate is ~0.53% of company net worth as on March 31, 2026 • Definitive sale agreement expected on or before January 31, 2027, subject to satisfactory due diligence • Buyers are not part of the promoter group; transaction is not a related party transaction and sits outside any scheme of arrangement
Goodricke Group Ltd
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