Please find enclosed Postal Ballot Notice for seeking approval of members of the Company for sale/disposal of land of the Company pursuant to Section 180(1)(a) of the Companies Act, 2013 ....
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Awaiting price reaction for this filing.
Neelkanth Limited (formerly R T Exports Limited) is seeking shareholder approval via postal ballot to sell a piece of land measuring 2 Kanal and 12 Marle located at Narela Road, Village Kundli, Sonepat, Haryana. The property has been lying idle with no business use, and the company plans to sell it to T Bhimjyani Warehousing Cold Chain Private Ltd for approximately Rs. 2.05 crore. The Board approved the sale on June 2, 2025, and the resolution requires a special resolution under Section 180(1)(a) of the Companies Act, 2013. E-voting runs from June 10, 2025 to July 9, 2025. Proceeds will be used to enhance working capital and for general business purposes.
This is a minor asset monetisation move — selling a non-core, idle land parcel to raise Rs. 2.05 crore in liquidity. For shareholders, this is a routine housekeeping transaction with no impact on ongoing operations and unlikely to materially affect the stock price.