Sale of Shoolagiri factory land and building completed

Core Business DivestedStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+8.9%Reaction day

₹39.50

prior close

₹39.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+9.0% vs market

Personal Care peers, median of 14sector-0.5%+9.4% vs sector

On the reaction day the stock moved 9.0 pts more than Nifty Microcap 250 and 9.4 pts more than its Personal Care peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+8.9-0.2+9.0-0.5+9.4

Next day

+3.8+0.2+3.6-1.2+5.0

+8.5+0.4+8.2-0.9+9.4

+1.3+0.4+0.9-1.4+2.6

+3.8+0.6+3.2-1.2+5.0

+2.5+0.9+1.6-2.4+4.9

-1.6+0.9-2.5-2.2+0.6

15d

-1.6+0.9-2.5-3.2+1.6

-8.5+2.3-10.9-4.5-4.0

+4.6-1.1+5.7-9.6+14.2

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UpDownMarket · Nifty Microcap 250Sector · Personal Care peers, median of 14Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The company has entered into a sale agreement for its factory land and building at Shoolagiri and handed over possession to the buyer. Shareholders had approved the transaction at an EGM on 13 February 2026. The buyer is now completing registration and other formalities to transfer the property in its name. The company disclosed this transaction in February 2026 and has now confirmed execution of the sale. The disclosure is being made belatedly due to an oversight, and the company has regretted the delay.

Likely market impact

Loss of factory asset may affect manufacturing capacity, though sale proceeds could strengthen the balance sheet. Belated disclosure raises governance concerns.