UMIYA BUILDCON LIMITED has informed the Exchange about General Updates
UMIYA-MRO · price
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Umiya Buildcon Limited (formerly MRO-TEK Realty) has completed the sale of its property at Electronics City, Bengaluru, for Rs. 40.5 crore. The sale deed was executed on June 23, 2025, with buyer M/s Srivatsav Electronic Tech Park LLP, which is unrelated to the promoter group. The property functioned as a manufacturing facility and operated as a cost center, contributing no direct revenue, and manufacturing has been relocated to another facility in the same area. The company plans to use the proceeds to expand a new manufacturing facility, invest in R&D for its telecom and networking vertical, and accelerate real estate projects in North Bangalore and Goa. This is part of a stated strategy to unlock shareholder value by divesting non-core assets.
The sale brings in Rs. 40.5 crore of cash with no negative impact on revenue, as the property was a cost center. It may be mildly positive for shareholders as it provides capital for expansion and sharpens the company's focus on telecom and real estate verticals, though the size of the transaction is modest.