Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Execution of deeds of Conveyance for sale of land at Kalwa and Dighe.
MUKANDLTD · price
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Mukand Ltd has completed the sale of land parcels at Kalwa and Dighe villages in Thane district. The company sold approximately 12,437 sq mtrs (3.07 acres) at Kalwa for Rs 110.83 crore and a 50% undivided share of 230 sq mtrs (0.06 acres) at Dighe for Rs 1.02 crore to AGP DC Infra Private Limited. The total consideration received is Rs 111.85 crore. This completes the transfer of approximately 69,823 sq mtrs (17.25 acres) of land mentioned in an earlier disclosure. The buyer is not related to the promoter or promoter group. The company states the sale will not impact its operations and does not constitute sale of an undertaking or substantially the whole of the undertaking under the Companies Act.
The land sale generates Rs 111.85 crore in cash proceeds without affecting core operations. As the company clarifies this is non-core asset disposal with no operational impact, the announcement is unlikely to have significant short-term stock price impact.