3P Land Holdings Limited has informed the Exchange regarding Notice of Postal Ballot
3PLAND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
3P Land Holdings has issued a Postal Ballot notice seeking shareholder approval (via e-voting from 1st Jan to 30th Jan 2026) to renew a Leave and License Agreement with Pudumjee Paper Products Limited, a promoter group company, for its 4.63-acre industrial land at Thergaon, Pune. The new agreement is for 5 years (Feb 2026 to Jan 2031) at a monthly license fee of Rs. 4.63 lakh, with a 5% annual escalation, totalling around Rs. 3.07 crore over the tenure. The previous lease fetched Rs. 2.10 lakh per month, so the new fee more than doubles, boosting steady rental income for the company. Pudumjee Paper Products is part of the promoter group, with Mr. Arun Kumar Jatia and his daughter Mrs. Vasudha Jatia being common directors/promoters, making this a material related party transaction requiring shareholder approval. All related parties will abstain from voting on the resolution.
Neutral to mildly positive for shareholders — the lease renewal locks in a significantly higher rental income stream (more than 2x the previous rate) and ensures continued occupancy of a key asset, though the transaction is with a promoter group entity. As promoter group holds ~73%, the resolution is likely to pass, and outcome expected by 31st January 2026.