Amj Land Holdings Limited has informed the Exchange regarding Notice of Postal Ballot
AMJLAND · price
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Awaiting price reaction for this filing.
Amj Land Holdings has sent a Postal Ballot Notice to shareholders seeking approval for two Material Related Party Transactions with Pudumjee Paper Products Limited (a promoter group company and part of the same Jatia family group). The first resolution seeks approval to renew the Leave and License Agreement for about 29 acres of industrial land at Thergaon, Pune for 5 years (Feb 2026 to Jan 2031) at a monthly license fee of Rs. 29 lakh (plus up to 5% annual increase), totaling around Rs. 19.23 crore over 5 years — a sharp rise from the previous Rs. 10.5 lakh/month. The second resolution seeks approval to renew the lease of about 3,000 sq. mtrs. at the same location for a 132/100 KVA sub-station for Rs. 40.67 lakh/year, totaling Rs. 2.03 crore over 5 years. Both transactions are considered Material RPTs under SEBI LODR. Voting will be through remote e-voting between January 1 and January 30, 2026, with results announced by January 31, 2026. Promoters and related parties (holding ~65.94% of shares) will abstain from voting.
These renewals lock in steady, predictable rental income for AMJ Land Holdings from a promoter group entity, which is positive for revenue visibility. The near 3x jump in monthly license fee (Rs. 10.5 lakh to Rs. 29 lakh) on the main 29-acre lease is a meaningful upside for the company. However, since the promoter group (around 65.94%) abstains from voting, the outcome depends on non-promoter shareholders — approval is widely expected given the income benefits, but any rejection could affect rental income continuity. No immediate material impact on stock price is expected.