Company has entered into an agreement for sale with M/s Arbuda Metal Industry for the sale of used windmill/scrap from the Wind Power division situated Dhank, Rajkot.
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Prashant India Ltd has signed an agreement on 24 July 2025 to sell used windmill and scrap from its Wind Power Division located at Dhank, Rajkot to M/s Arbuda Metal Industry (proprietor: Jitendrasinh Jashvantsinh Vaghela). The total sale consideration is Rs. 85 Lakhs plus applicable tax, of which Rs. 50 Lakhs has already been received as advance, with the balance due by 15 August 2025. The transaction is expected to be completed within 30 days of execution. The Wind Power Division contributed Rs. 11,44,880 (100%) to the company's turnover and has a net worth of Rs. 92,67,579. The buyer is not related to the company's promoters or promoter group, and the deal is not a related party transaction.
This is a small, one-time asset sale of scrap/windmill equipment worth Rs. 85 Lakhs, which is marginal in size compared to the company's overall base. It should bring in some short-term cash inflow but is unlikely to have any meaningful impact on the stock price or long-term business outlook.