Srigee DLM sells factory to promoter entity for ₹2.53 cr
The property generated 9% of revenue last year. The company will lease it back until a new plant is ready.
— 3 earlier stories on Srigee DLM Ltd. →What's new
- Srigee DLM sold its registered office and manufacturing unit to promoter-group entity for ₹2.53 crore.
- The property contributed ₹6.73 crore (9%) of last year's revenue.
- Company will continue operations via lease-back until new factory is completed.
Why this matters
At nearly 5% of market cap, this is a sizeable related-party asset sale for a nano-cap. The proceeds are trivial compared to the ₹50 crore capex for the new plant, but the deal frees up a cornerstone asset while keeping operations uninterrupted. The open question is whether the cash is used to reduce the already-low debt or fund construction.
What we're watching
- Use of proceeds – debt reduction versus funding the new factory.
- Timeline for the new manufacturing facility in Greater Noida.
- Any future related-party transactions as the company scales.
The full read
Srigee DLM sold its factory to a promoter-group entity for ₹2.53 crore – a move that monetises a property that generated 9% of last year's revenue. At nearly 5% of the ₹52 crore market cap, the size is material for a nano-cap. Operations will continue under lease-back until the new ₹50 crore plant is ready. The related-party structure warrants scrutiny, but the low debt (0.20 D/E) and clear expansion plan give the company room to use the cash constructively. What matters now is whether the proceeds go toward debt reduction or funding the new factory.
Questions answered
- Who bought the factory property?
- The buyer is Ms. Richa Singh, a director of Syntyche Tradex Enterprises and part of Srigee DLM's promoter group.
- Will operations be affected by the sale?
- No – Srigee DLM has signed a rent agreement to continue operating from the same premises until its new factory is completed.
- How significant is the sale price relative to the company's size?
- At ₹2.53 crore, the sale equals about 5% of the company's ₹52 crore market capitalisation – a meaningful one-time inflow for a nano-cap.
- What is the company doing with the proceeds?
- Management hasn't specified, but the proceeds could support debt reduction or construction of the new ₹50 crore factory.
- How much revenue did the factory generate?
- The property contributed ₹6.73 crore in revenue last year, roughly 9% of total revenue.
Srigee DLM Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on SRIGEE →- 9 Jul 2026 · 7:49 PM IST Srigee DLM sells factory to promoter entity for ₹2.53 cr
- 26d ago Srigee DLM targets ₹100 cr revenue, bets big on new factory
- 29d ago Srigee DLM targets ₹100 cr revenue, building a factory four times its current size
- 30d ago Srigee DLM doubles H2 profit, full-year revenue flat