Board of Directors, at its meeting held on June 30, 2025, considered and approved the agenda item relating to the sale of immovable property situated at Survey No. 1380/P and 1383/P, Mouje ....
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Awaiting price reaction for this filing.
The Board of Directors of Mangalam Seeds, at its meeting on June 30, 2025, approved the sale of a property located at MSL Industrial Park, Survey No. 1380/P and 1383/P, Mouje Chhatral, Taluka Kalol, District Gandhinagar, Gujarat. The meeting was held from 5:00 PM to 5:45 PM at the company's registered office in Ahmedabad. Managing Director Pravinbhai Mafatlal Patel has been authorized to negotiate and finalize the sale terms, including the consideration, with the prospective buyer. The actual sale price, buyer identity, and expected gain have not been disclosed in this filing.
The financial impact is unclear since the sale price has not been disclosed, but the move could free up capital locked in real estate. Shareholders should watch for a follow-up disclosure with the deal value and any resulting gain or loss on sale.