Announced Tue, 30 Jun · 11:15 IST
Nitco shareholders approve Kanjurmarg property monetization deal
Board & Shareholder Meetings View source PDF
NITCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.7%1-day move
₹106.97
prior close
₹106.11
base price
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AI summary
Shareholders of Nitco Limited have approved via postal ballot the monetization of the company's immovable property at Kanjurmarg, Mumbai. The resolution was passed with 99.99 percent votes in favour. The company will now enter a conveyance deal with M/s R Siddhatva Developers, a step-down subsidiary of Runwal Construction. About 165.7 million shares were polled out of 240.5 million outstanding. E-voting closed on June 27, 2026.
Likely market impact
Asset sale unlocks property value for the company. Deal with Runwal group subsidiary can now proceed.