Atlas Cycles (Haryana) Limited has informed the Exchange regarding Announcement under Regulation 30 (LODR) - Update

Core Business DivestedStrategic Transactions View source PDF

ATLASCYCLE · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-9.8%1-day move

₹117.00

prior close

₹118.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.7+0.4+0.3-1.4-9.8-6.8-8.5-11.2-11.1-12.8-11.5-13.7-12.8-16.6

Up moveDown movePending

AI summary

Atlas Cycles has received an extension request from the buyer to execute the sale deed for 20 acres of land in Sonepat, Haryana until June 30, 2026. The Board has approved this extension via a circulation resolution. The company has already received Rs. 34.80 Crore as part payment, with another Rs. 25.20 Crore due in April 2026, bringing the total deal value to Rs. 60 Crore. This is an update to previous intimation letters dated December 2024 through January 2026 regarding the same land sale.

Likely market impact

The extension suggests the deal is still on track but facing delays. With Rs. 34.80 Crore already received and Rs. 25.20 Crore pending, shareholders can expect significant cash inflow once the transaction completes in mid-2026.