We are submitting the information regarding the sell of 5th floor of our building at 13/3 Strand Road, Kolkata - 700001 as per attached details
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Alfred Herbert India Ltd has entered into a registered deed of conveyance to sell the 5th floor of its property located at 13/3, Strand Road, Kolkata – 700001 to M/s. Mask Credit Pvt Ltd. The total consideration for the sale is INR 14,34,05,000 (approximately Rs 14.34 crore). The transaction is not a related party transaction, no shares are being issued, and there are no special rights or board nominee arrangements involved. The disclosure has been made under Regulation 30A of SEBI (LODR) Regulations 2015, as the company considers it a material event.
This is a one-time real estate monetization transaction worth Rs 14.34 crore, which will add to the company's cash reserves. For shareholders, it is a positive but non-recurring event — unlikely to materially move the stock price unless the proceeds are deployed for a significant purpose.