Please find attached the information as per Regulation 30A of SEBI (LODR) Regulations, 2015 with respect to disclosure of information relating to materiality of events
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Alfred Herbert India Ltd has entered into a registered deed of conveyance to sell the third floor of its property located at 13/3, Strand Road, Kolkata-700001 to M/s. Wan Hai Lines (India) Limited. The total consideration for the sale is Rs. 13,78,10,000 (approximately Rs. 13.78 crores). The buyer is not related to the promoter, promoter group, or group companies of Alfred Herbert. The transaction is not a related-party transaction and carries no special rights such as board appointments or share subscription privileges. No shares have been issued as part of this deal. This is a disclosure under SEBI LODR Regulation 30A regarding a material event.
This is a one-time real estate monetization that will bring in approximately Rs. 13.78 crores in cash for the company, which could strengthen its balance sheet or be used for business purposes. For shareholders, it is a modest, non-recurring transaction and is unlikely to materially move the stock price on its own.