Ahimsa Industries Ltd. has sold its land and building located in Devraj Industrial Park, Ahmedabad, to SAS Technosun LLP for ₹2.76 Cr.

This property represented 100% of the company’s turnover in the previous financial year, contributing ₹14.55 Cr to revenue.

The sale addresses the company’s ongoing financial difficulties and aims to reduce debt and interest costs.

With poor demand conditions impacting both domestic and international markets, the company is taking steps to monetize fixed assets after reducing production at its factory.

This strategic move reflects the urgent need for financial restructuring and underscores the challenges facing the business moving forward.

Investors should monitor the company’s ability to navigate these difficulties as it seeks to stabilize its operations.