Sandhar Technologies Limited has informed the Exchange about Agreements
SANDHAR · price
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Sandhar Technologies has completed the sale of its industrial property located at 34/B, Peenya 2nd Phase, Bangalore, to M/s. NL Blinds Private Limited. The total deal value is Rs 61 crore, of which Rs 15 crore was received earlier in April 2025 at the time of the Agreement to Sale. The balance amount of Rs 45.39 crore (excluding TDS of Rs 61 lakh) was received on July 7, 2025 when the Sale Deed was executed. The company had previously signed the Agreement to Sell on April 21, 2025 for an 8,107 sq. mtr. site with shed and power connection. The buyer is not related to the promoters or group companies. The company has stated that the proceeds will be used to support its expansion plans.
This is a one-time monetisation of an idle/legacy real estate asset that strengthens the company's cash position to fund growth initiatives. The sale to an unrelated third party is a routine capital allocation move and is unlikely to move the stock price meaningfully, though it may slightly improve near-term liquidity.