Mukand Limited has informed the Exchange about Agreements
MUKANDLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mukand Limited has completed the sale of land parcels at Kalwa and Dighe villages in Thane, Maharashtra to AGP DC Infra Private Limited. The sale includes balance land at Kalwa (~3.07 acres) for Rs. 110.83 crore and a 50% undivided share at Dighe (~0.06 acres) for Rs. 1.02 crore, bringing total consideration to approximately Rs. 111.85 crore. The company had disclosed an earlier intimation on March 27, 2026 regarding this transaction. In aggregate, the company has now transferred approximately 69,823 sq. mtrs (~17.25 acres) across both villages. The buyer is not part of the promoter or group companies, and the transaction is not a related party deal. The company states the sale is not expected to impact its operations and does not constitute the sale of an undertaking or substantially the whole of the undertaking under Section 180(1)(a) of the Companies Act, 2013.
The sale of land for ~Rs. 111.85 crore unlocks real estate value without affecting operations, though it is not a major transformation event for the company.