Mangalam Organics Limited has informed the Exchange about General Updates
MANORG · price
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Awaiting price reaction for this filing.
Mangalam Organics has sold about 5.96 acres of land at Kumbhvali Village, Khalapur, Maharashtra for a total consideration of Rs. 10.70 crore (Rs. 10,69,52,000), inclusive of infrastructure costs. The buyer is Mangalam Brands Private Limited, a 100% wholly-owned material unlisted subsidiary of the company. The company has clarified that no business operations are carried out on this land, so there is no impact on its ongoing business. The transaction qualifies as a related party deal, but has been carried out at arm's length basis. The agreement and expected completion are both dated May 15, 2025.
This is an internal restructuring – the land is being sold to the company's own subsidiary – and the company confirms no business disruption. Shareholders may see a one-time inflow of ~Rs. 10.70 crore into the parent, though the consideration is still being finalized with buyers. Neutral to mildly positive, as the company unlocks value from non-operational land without affecting operations.