Speciality Restaurants Ltd

🏢 Speciality Restaurants Demerges Non-Core Land Asset – Key Details

- NCLT Kolkata approved the demerger of leasehold land (Plot No. F/101, 0.960 acre) from Speciality Restaurants to Speciality Hotels India.

- The land was identified as surplus/non-core and had been unused since allotment.

- Appointed Date for the Scheme is 1st October 2022 (updated from initial 1st April 2022).

- Board approval for the demerger was granted on 20th October 2022.

- No objections from SEBI, ROC, or Income Tax Department; BSE/NSE also cleared the move.

- Speciality Hotels India will issue shares to Speciality Restaurants as part of the deal.

- The transaction complies with stamp duty requirements for property transfer.