Land Monetization

The new initiatives proposed by the Company will require more investments into value added processing and working capital. In order to facilitate the same, the Company has taken the necessary steps to monetise part of the land banks and real estate assets held by the Company. This is the best time for the same since the infrastructure sector is also very vibrant and real estate is booming in North Bangalore, Kochi and Tuticorin where the Company has its land banks.

The Company owns 126 acres of land in Tuticorin, which is being developed by its subsidiary, M/s. Kings Maritech Eco Park Limited. After the development of the Maritech Project, the balance land with almost 1.1 km long pristine beach frontage is being offered for joint development as an entertainment hub, Marina and Resorts to leading National and International brands which will give multiple revenue streams, cash accruals and valuations.

The Company additionally owns prime commercial property near to Cochin International Airport and is also in possession prime of land adjacent to Bangalore International Airport, both of which are being offered for joint development to leading developers as a part of our monetization plan to reinvest the same for scaling up our core business of sustainable aquaculture.