Asset Purchase Agreement executed on 16th January, 2026 effecting the sale of the Company''s property/Unit situated at Village Agwanpur, Moradabad, Uttar Pradesh.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Milkfood Ltd has executed an Asset Purchase Agreement on 16th January 2026 to sell its property and manufacturing unit located at Village Agwanpur, Moradabad, Uttar Pradesh. The unit spans 20.084 acres and includes buildings, superstructures, and plant and machinery. The total sale consideration is Rs. 130 Crores, with the buyer being M/s Bareilly Dairies Limited — an unrelated third party with no connection to the promoters. The Moradabad unit contributed Rs. 74.92 Crore in revenue during FY 2024-25, accounting for about 16.73% of the company's total turnover. The sale is expected to be completed by 31st March 2026, and the net proceeds will be used to reduce borrowings and fund business development.
The company is divesting a meaningful chunk of its operating base (nearly 17% of revenue) but will receive Rs. 130 Crores in cash to deleverage and reinvest. This is a significant restructuring move — shareholders should expect a smaller revenue base going forward but improved balance sheet strength.