Pursuant to Regulation 30 of Listing Regulations, we hereby inform you that the Office of the Collector and District Magistrate, Mumbai City has converted the land of W.H. Brady at Brady ....
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The Office of the Collector and District Magistrate, Mumbai City has converted the company's land at Brady House (12-14, Veer Nariman Road, Fort, Mumbai) from leasehold to freehold ownership. The land measures 1,012.54 square meters. The company paid Rs. 9,76,61,234 (approximately Rs. 9.77 crore) in conversion charges. The property card has been endorsed from Occupier Class II to Occupier Class I. The company received the endorsed property card and Survey Register on May 21, 2026. The conversion strengthens the company's ownership rights and enhances the property's value.
This conversion from leasehold to freehold ownership is positive for shareholders as it strengthens the company's asset base by removing land lease obligations and increasing the property's market value. The Rs. 9.77 crore expenditure is a one-time investment that improves the balance sheet.