Windsor Machines to sell Vatva Ahmedabad factory land for Rs 147.50 crores
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Windsor Machines has signed an MOU with Lloyds Engineering Works to sell its industrial plots and factory buildings at GIDC Vatva, Ahmedabad for Rs 147.50 crores, payable in tranches over 6 months. The Vatva unit contributed Rs 140.87 crores (42.82 percent of revenue) and Rs 135.24 crores of net worth (18.5 percent) in FY25. Manufacturing has already moved to a new plant at Chibhda, Rajkot. Sale proceeds will fund Rajkot plant setup, working capital and general corporate needs. This is not a related party transaction.
Positive: Rs 147.50 crores inflow from surplus real estate. Operations already shifted to Rajkot, minimal business impact. Awaiting definitive agreements.