Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Hardcastle & Waud Manufacturing Company has sold an immovable property — Unit No. 7B on the 3rd floor of Sagar Estate building in Kolkata — to Jeevdani Business Ventures Limited (JBVL) for Rs. 1.11 crore via a Deed of Conveyance executed on 27 March 2026. The buyer, JBVL, is a Promoter Group company of Hardcastle & Waud, making this a related party transaction, though the company has confirmed it was carried out at arm's length. No special rights, board appointments, or share issuances are involved, and the company holds no stake in JBVL. This is a continuation of an earlier intimation dated 26 March 2026.
The deal size is small (around Rs. 1.11 crore) and is a one-off monetisation of an unused or non-core Kolkata property rather than a strategic shift. Shareholders should note it is a related-party transaction, but the arm's-length disclosure limits governance concerns. Minimal direct impact on stock price or business outlook is expected.