Biofil Chemicals & Pharmaceuticals Limited has informed the Exchange regarding Board meeting held on August 04, 2025.
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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The Board of Directors of Biofil Chemicals & Pharmaceuticals met on August 4, 2025, and approved the proposal to sell or transfer the leasehold rights of approximately 80,156 square meters of vacant industrial land located at Plot No. 8, Sector-3, Kheda Industrial Estate, Pithampur, Dist. Dhar, Madhya Pradesh. The minimum consideration for the transaction is set at Rs. 16 Crores, payable in lump sum or in tranches. The sale is subject to approvals from the Madhya Pradesh Industrial Development Corporation (MPIDC) and from members through a Postal Ballot. The Board also approved the Postal Ballot notice and authorized the Whole Time Director to carry out the e-voting process.
This is a non-core asset monetisation move — the company is selling off vacant, unused land to raise at least Rs. 16 Crores in cash, which could strengthen its balance sheet. Shareholders will get to vote on the proposal via Postal Ballot, and short-term stock reaction may depend on how the proceeds are planned to be used.