Intimation about the sale of the part of the property of the company.
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Cybele Industries has completed the sale of its land properties located at Chinnaobalapuram Village, Gummidipoondi taluk, Thiruvallur District, Tamil Nadu, for a total consideration of Rs. 9.94 crores (Rs. 9,94,37,500). The buyer is Vellishwara Properties LLP, which is not a related party to the company. The agreement for sale was signed on September 3, 2025, and the transaction was completed on September 12, 2025. Shareholder approval for the sale had already been obtained at the AGM held on September 27, 2024. The land has been classified as non-core assets, meaning it is not part of the company's main wires and cables business.
This sale brings in roughly Rs. 9.94 crores of cash from a non-operational asset, which strengthens the company's balance sheet. For shareholders of this small-cap wires & cables maker, this is a modest one-time cash inflow that could be used to reduce debt, fund working capital, or support the core business, rather than a value-accretive strategic event.