Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 - Update on sale of Company''s Land at Thane
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Awaiting price reaction for this filing.
Uni Abex Alloy Products has completed the sale of its Thane land to M/s RSVM Hospitality Private Limited and received the full sale proceeds of approximately Rs. 257.88 crore. This includes an advance of Rs. 48.85 crore paid in October 2025 at the time of signing the Agreement for Sale, plus an additional Rs. 13.65 crore for extra area of 2,008 sq mts. After this transaction, the company retains only a marginal 2,520 sq mtrs of Thane land. The deal follows earlier communications dated October 3, 2025 and January 31, 2026 regarding the sale.
This is a positive development for shareholders as the company has received a large cash inflow of ~Rs. 258 crore from selling non-core land, which could be deployed for business growth, debt reduction, or shareholder returns. The stock may react positively given the significant cash realization from a non-operational asset.