We wish to inform you that NHAI has acquired a portion of land admeasuring 10,696 Sq. meters, which is a part of the factory land owned by the Company located at Ranipet, Tamil Nadu and ....
ULTRAMAR · price
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The National Highways Authority of India (NHAI) has acquired 10,696 square meters of factory land owned by Ultramarine & Pigments at its Ranipet, Tamil Nadu facility for a national highway project. The company received a compensation of Rs. 6,01,18,526 (approximately Rs. 6.01 crores) from NHAI on November 26, 2025. NHAI is not related to the company's promoters or promoter group, and the transaction is not a related-party deal. The company has confirmed that this land acquisition will have no material impact on its overall operations or business.
This is a one-time, non-operational inflow of about Rs. 6 crores into the company's coffers. Since the company itself states there is no material impact on business, shareholders should not expect any meaningful change in production, revenue, or stock price from this event.