We are enclosing herewith Disclosure under Regulation 30A of LODR
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Awaiting price reaction for this filing.
Alfred Herbert India Ltd has entered into a registered deed of conveyance to sell two pieces of land in Bengaluru to Vibrancy Real Estates Private Limited. The first parcel is Plot No. 5 at Kadugodi Industrial Area measuring 10 acres, and the second is Survey No. 81 at Kadugodi-Whitefield Industrial Area measuring 4,211.36 square meters. Total consideration is Rs. 485.90 crores (Four Hundred Eighty-Five Crores Ninety Lakhs). The buyer is not a related party, no shares are being issued, and no special rights such as board seats or anti-dilution rights are part of the deal. The disclosure has been made under Regulation 30A of SEBI LODR Regulations, 2015.
A Rs. 485.90 crore cash infusion from monetising non-core land assets is a sizeable event for the company and could materially strengthen its balance sheet. Shareholders may view this positively as it unlocks value from idle real estate, though the use of proceeds will determine the longer-term impact on the stock.