Intimation about sale of the part of the property situated at Chinnaobalapuram.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Cybele Industries has sold a piece of land situated at Chinnaobalapuram Village, Gummidipoondi taluk, Thiruvallur District, Tamil Nadu, for a total consideration of Rs. 13.10 crores (Rs. 13,10,17,000). The sale was completed on November 24, 2025, to M/s. SVARJITE PROPERTIES LLP, an unrelated third party. The land was classified as a non-core asset, so it did not contribute to the company's turnover or revenue. The transaction was carried out under a shareholder resolution passed via postal ballot in June 2024, and is outside any Scheme of Arrangement.
The sale unlocks Rs. 13.10 crores of cash from a non-core asset, which can be deployed to strengthen the balance sheet, reduce debt, or fund core cable operations. Since it does not affect the company's main business, the impact on the stock price is likely to be neutral.