Biofil Chemicals & Pharmaceuticals Limited has informed regarding Disclosure of material issue
BIOFILCHEM · price
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On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 3.1 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Biofil Chemicals & Pharmaceuticals has informed the exchanges about its plan to sell, transfer, or otherwise dispose of the leasehold rights of approximately 80,156 square meters of vacant industrial land at Plot No. 8, Sector-3, Kheda Industrial Estate, Pithampur, Dist. Dhar (M.P.). The undertaking tied to this land contributed Rs. 674.18 Lacs in turnover (about 20.18% of total turnover) and Rs. 922.07 Lacs in net worth (about 49.09% of total net worth) in the last financial year, making it a sizeable part of the company's balance sheet. The Board has set a minimum consideration of Rs. 16.00 Crores, though no buyer has been identified yet and no sale agreement has been signed. The disposal is expected to be completed by December 31, 2025, subject to shareholder approval via postal ballot and clearance from MPIDC. The buyer is confirmed to not be a related party or connected to promoters.
Shareholders should note that nearly half of the company's net worth is tied to this asset, so the disposal — once completed — could meaningfully reshape the company's balance sheet and future earnings base. Until the buyer, final price, and completion timeline are confirmed, the stock may see limited reaction, but approval from shareholders and MPIDC remains a key milestone to watch.