Announced Mon, 20 Jul · 16:57 IST
Board approves sale of surplus Noida land for Rs 30 Cr plus
Strategic Transactions View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+10.3%1-day move
₹68.00
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+10.3+15.8+21.5+27.6+34.0—————
Up moveDown movePending
AI summary
Tirupati Foam's board on July 20, 2026 approved sale of surplus land and building at Plot 5, Ecotech I Extension, Greater Noida (about 9,325 sq meters) to Neumann Components Pvt Ltd for not less than Rs 30 Crore. Production was already suspended and machinery shifted to adjacent Plot 4. The buyer is not related to promoters. Sale is subject to shareholder approval at the 39th AGM and expected to close within 6 months. Company says no impact on business operations.
Likely market impact
Surplus asset sale with no operational impact. About Rs 30 Crore inflow may boost cash reserves if approved by shareholders.