Update on Acquisition
KAMDHENU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kamdhenu Ltd has cancelled its proposed acquisition of immovable property located at Village Hajipur, Tehsil Kotkasim, District Alwar, Rajasthan. The Board had originally approved this purchase on 13th February 2026, subject to completion of due diligence including title verification, compliance checks, property inspections, and approvals from Bhiwadi Integrated Development Authority (BIDA). During the due diligence process, certain observations and issues were noted, prompting immediate cancellation of the transaction. The company has indicated that the deal may be revisited later if the due diligence concerns are resolved.
This is a neutral to slightly negative development for shareholders as the company could not proceed with the planned property acquisition due to issues identified during due diligence. The cancelled deal suggests the company is being cautious about asset quality.