Board approves sale of 17.92 acre land to related party for Rs 2.15 crore

Strategic Transactions View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-6.2% vs market

Other Textile Products peers, median of 184sector+0.8%-5.7% vs sector

On the reaction day the stock moved 6.2 pts less than Nifty Microcap 250 and 5.7 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Board and Audit Committee of Sri Nachammai Cotton Mills approved selling 17.92 acres of land at K Krishnapuram Village, Tiruppur District to M/s Vanam Realty and Farmlands Private Limited for Rs 2.15 crore on Oct 6, 2026. The buyer is a related party, so the deal must follow Related Party Transaction rules. The company said it is not a sale of the whole undertaking under Section 180, so no special resolution is needed.

Likely market impact

Small land sale to a related party. Watch for RPT disclosures and how the sale proceeds are used by the company.