Submission of Postal ballot Notice and Newspaper Publication
Price
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Awaiting price reaction for this filing.
Phaarmasia Ltd has filed a Postal Ballot Notice with BSE seeking shareholder approval to sell its land and building located at Plot Nos. 16A and 16B, Phase III, IDA Jeedimetla, Hyderabad, which is described as Unit 1 of the company and constitutes a substantial undertaking. The buyers are Mr. Mavuluri Shyam Prasad, Mrs. Mavuluri Raga Sudha, and/or M/s MSP Lab Instruments Pvt Ltd, with a minimum sale consideration of Rs 25 crore, subject to valuation by a registered valuer. The resolution will be passed as a Special Resolution under Section 180(1)(a) of the Companies Act, 2013, with e-voting open from September 13 to October 12, 2025. The board approved the proposal on September 10, 2025, and the company expects to complete the transaction by December 31, 2025. The filing confirms the buyers are not related parties and proceeds will be used to strengthen the balance sheet, reduce debt, and meet working capital needs.
This is a significant asset divestment that could unlock value for shareholders if the Rs 25 crore floor price is achieved, but it also means the company is selling a core operating unit. Shareholders should assess whether the proceeds will be deployed productively and monitor the final valuation and completion timeline.