Windsor Machines Limited has informed the Exchange about General Update on sale of industrial plots including the existing building structures thereon located at Wagale Thane Industrial Area, Maharashtra.
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Windsor Machines Limited has announced the sale of its non-operational industrial plots at Wagale Thane Industrial Area in Maharashtra. The company has signed an MOU with Allerindia Developers LLP for the sale of plots E-6 and E-6(A) totaling 21,912 sq. meters along with existing building structures. The transaction is valued at Rs. 162.00 crores to be received in multiple tranches over a period of 6 months. Since the Thane plant is non-operational, it contributed zero revenue in FY26. The buyer is not a related party and the sale is not part of any Scheme of Arrangement. Proceeds will fund expansion of the Rajkot Plant, working capital, and general corporate purposes.
The sale of a non-operational asset for Rs. 162 crore could provide liquidity and support the company's operational expansion plans, though shareholders should note this involves monetization of idle land rather than growth in core operations.