The Board of Directors of the Company at its meeting held on February 10, 2026 accorded its consent for sale, lease, license, grant of easement rights or otherwise dispose portion of land ....
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The Board of Krishanveer Forge Limited, at its February 10, 2026 meeting, approved the sale, lease, licence, or grant of easement rights (including right of way) over a portion of its factory land at Gat No. 357, Kharabwadi, Chakan, Pune, in favor of Hydrolines (Bangalore) Private Limited. The land in question spans approximately 2,401.99 square metres across three plots (103, 104, 105) and is being given to facilitate Hydrolines' access to the Talegaon-Chakan road. Hydrolines has an option to eventually purchase the land at the offer price. The transaction is not a related-party deal, and no shareholding is involved.
This is a small, piece of land disposal tied to providing road access to a neighbouring entity; ownership will only transfer upon execution of a sale deed. The company can revoke the rights at its discretion, and no material financial figures were disclosed, so the impact on shareholders appears limited for now.