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Steel Strips Infrastructures Receives Rs 2.25 Crore from SAB Mall Sale; Plans Debt Reduction

Published: June 05, 2026 | Category: real estate news
Steel Strips Infrastructures Receives Rs 2.25 Crore from SAB Mall Sale; Plans Debt Reduction

Steel Strips Infrastructures Ltd (SSIL) has announced the receipt of the balance consideration of Rs 2.25 crore following the execution of an addendum to the agreement to sell and Memorandum of Understanding (MOU) relating to SAB Mall, Noida. This amount includes Rs 1 crore for management rights and Rs 1.25 crore as sale consideration. The company has also transferred the management rights of the property and handed over specified original title documents to the buyer, as per the terms of the MOU.

The transaction is a significant development for SSIL, given the substantial contribution of SAB Mall to its revenue. SAB Mall, Noida, contributed Rs 136.03 lakh, representing approximately 97.93 per cent of the company's revenue or income during FY26. This revenue was generated through rental income, hoarding and publicity charges, parking receipts, and maintenance-related income associated with the property.

Despite the property's significant revenue contribution, the company remains loss-making, and the asset did not contribute positively to net worth during the financial year. The buyers involved in the transaction are SMC Enterprises Private Limited and Shubham Properties Private Limited, both based in New Delhi. The company clarified that the buyers are not related to the promoter or promoter group, and the transaction does not constitute a related-party transaction.

The expected date for the completion of the transaction is August 10, 2026, subject to the clearance of dues and receipt of necessary permissions from the Noida Authority. The sub-lease deed will be executed after the completion of the required formalities. The proceeds from the transaction will be utilized towards the payment of the company's liabilities, which is expected to support its financial position.

Steel Strips Infrastructures Limited is engaged in Real Estate and infrastructure-related activities. The company has historically generated income through leasing, rental, and commercial property-related operations, including its SAB Mall property in Noida. The latest transaction marks a significant step for the company, as it aims to reduce outstanding liabilities and improve its financial health.

What are your views on Steel Strips Infrastructures' SAB Mall transaction? Share your thoughts in the comments below.

Disclaimer: This article is for informational purposes only and not investment advice.

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Frequently Asked Questions

1. What is the total amount received by Steel Strips Infrastructures from the SAB Mall transaction?
Steel Strips Infrastructures received Rs 2.25 crore from the SAB Mall transaction. This includes Rs 1 crore for management rights and Rs 1.25 crore as sale consideration.
2. What is the expected date for the completion of the SAB Mall transaction?
The expected date for the completion of the SAB Mall transaction is August 10, 2026, subject to the clearance of dues and receipt of necessary permissions from the Noida Authority.
3. Who are the buyers involved in the SAB Mall transaction?
The buyers involved in the SAB Mall transaction are SMC Enterprises Private Limited and Shubham Properties Private Limited, both based in New Delhi.
4. How much revenue did SAB Mall contribute to Steel Strips Infrastructures during FY26?
SAB Mall, Noida, contributed Rs 136.03 lakh, representing approximately 97.93 per cent of the company's revenue or income during FY26.
5. What will Steel Strips Infrastructures use the proceeds from the SAB Mall transaction for?
The proceeds from the SAB Mall transaction will be utilized towards the payment of the company's liabilities, which is expected to support its financial position.