Submission of Outcome of Board meeting held on Monday, 13th October, 2025 at 05.00 PM (IST) through Audio Video Visual means.
Price
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Awaiting price reaction for this filing.
Phaarmasia Ltd's Board of Directors met on October 13, 2025, and confirmed the results of a postal ballot in which shareholders approved the sale of the company's land and building located at Plot Nos. 16A and 16B, Phase III, IDA Jeedimetla, Hyderabad. The Board noted the scrutinizer's report confirming the resolution passed with the required majority. Following shareholder approval, the Board authorized Mr. Naga Bhaskarrao Yallapragada (Whole-time Director) and/or Mr. Nev Prasada Rao (CFO) to sign the Agreement of Sale and related documents. Additionally, Mr. Maneesh Sapte (Director) was authorized to execute and register the Sale Deed before the Sub-Registrar.
This is a procedural update confirming shareholder approval for the sale of the company's Hyderabad property. The actual financial impact on shareholders will depend on the sale price, which has not been disclosed in this filing. Investors should watch for further announcements regarding the transaction value and use of proceeds.