Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board of Hardcastle & Waud Manufacturing Company has approved the sale of an immovable property — Unit No. 7B on the 3rd floor of Sagar Estate building in Kolkata — to Jeevdani Business Ventures Limited, a company belonging to the promoter group. The transaction is described as being carried out at arm's length basis. The board meeting lasted only 30 minutes, from 2:00 p.m. to 2:30 p.m. on 26th March 2026. No financial details such as the sale consideration or expected gain/loss have been disclosed in this intimation.
This is a related-party transaction involving sale of a single property to a promoter group entity, which may raise governance questions but is stated to be at arm's length. Shareholders should watch for follow-up disclosures on the sale price and valuation to assess whether the deal is truly fair. Stock price impact is likely minimal unless the property value is material to the company's balance sheet.