Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Hardcastle & Waud Manufacturing Company has executed a Deed of Conveyance to sell a commercial property — Unit No. 7B on the 3rd floor of Sagar Estate building at Clive Ghat Street, Kolkata — to Jeevdani Business Ventures Limited (JBVL). The total sale consideration is Rs 1,11,08,000 (approximately Rs 1.11 crore). JBVL is a promoter group company, making this a related party transaction, which the company states has been carried out at arm's length basis. The company holds no shareholding in JBVL. This filing is a continuation of an earlier intimation dated 26th March 2026.
The transaction is small in size (Rs 1.11 crore) and involves a non-core immovable asset, so the direct financial impact on shareholders is limited. However, since the buyer is a promoter group entity, retail investors should monitor whether such related-party property sales are being valued fairly and disclosed transparently.