Sky Industries Proposes Sale Of Navi Mumbai Unit Contributing 25% Turnover

Board approved in-principle sale of Navi Mumbai factory (~Rs 20 Cr, ~25% turnover); buyer/price TBD, needs special resolution. Also approved shifting registered office to Chembur, Mumbai. Extends recent leased-unit move to owned Navi Mumbai plant; first owned disposal. Proceeds for Gujarat facility, easing debt-funded build without dilution. Buyer, price pending. Puts quarter of revenue base in transition before Gujarat COD/capacity proven; focus on ramp execution. Needs shareholder/regulatory nods; valuation, timelines beyond 6 months post-docs undisclosed.