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Promoter holding of 70% of issued is availablefor transfer. The Indian company is having 90 hectares land for herbal plantation and herbal extractmanufacturing unit using Super Critical Fluid Extraction technology of Flavex Naturextrakte GmbH Germany. The company owns 223 acres (90.3 hectare) land 25 KM from Pune city of Maharashtra (India) on west side of Pune, purchased under BTAL act sec 63 1A(ii) after obtaining the permission of Development Commissioner of Industries (DIC) Mumbai, for plantation of Ayurvedic medicinal trees. The land has over 300000 medicinal plants of about 60 different types. The land permission is also covered under section 44A of MLRC 1966. The land is on the hill slopes of Sahyadriat about 100 m above local village level, excellent for various applications covered under the referred sections of BTAL act / MLRC 1966 sec 44A. Thus the land can also be used for various other applications like tourism, development of special townships, hill station, villas, bungalows, row houses, resorts & related activities etc.
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