Intimation on sale of Doddaballapur Land
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tulsyan NEC Ltd has completed the sale of its land located at Varadhanahalli Village, Doddaballapur Taluk, Bangalore Rural District. The sale deed and registration were executed on July 14, 2025, with the company receiving the full consideration of Rs. 26.90 crore. The buyers are third parties — Sri Panish Chandra Jawali, A S Nagaraja, Suresh, and Margdarshan Infrastructure Pvt Ltd — and none belong to the promoter/promoter group. The transaction is not a related party transaction and is outside any Scheme of Arrangement.
The company has received Rs. 26.90 crore in cash from this asset sale, which strengthens its liquidity position. For shareholders, this is a one-time monetisation of a non-operating land asset and does not impact ongoing business operations.