Konark Synthetic has completed the sale of its underutilized Silvassa property to M/s. Amar Texoweaves LLP for ₹7.00 Cr, a move approved by shareholders.

This strategic divestment aims to strengthen the company's financial position by repaying existing debt, reducing finance costs, and enhancing liquidity.

Notably, the unit historically associated with this property contributed 98% of the company's total income, making this a significant step in re-evaluating asset utilization.

The proceeds will primarily improve the balance sheet and support working capital, underscoring a focus on operational efficiency and financial prudence.