Asset Monetization / Strategic Sale
Mukand Executes Conveyance Deeds for Sale of Land Parcels at Kalwa and Dighe for ₹111.85 Crore
NSE
mukandltd
BSE
500460
Mukand Limited has executed conveyance deeds and completed the sale of land parcels located at Kalwa and Dighe in Thane district for an aggregate consideration of approximately ₹111.85 crore as part of its asset monetization initiative.
PRICE-SENSITIVE TRIGGER
Event: Execution of conveyance deeds and completion of land sale transaction
Type: Asset Monetization / Strategic Sale
Impact: Neutral
Immediate Effect: The transaction unlocks value from non-core land assets without impacting the company’s operations.
Key Metrics:
- Aggregate Consideration: ₹111.85 Crore
- Land Area Transferred: Approx. 69,823 sq. meters (17.25 acres)
- Kalwa Parcel Value: ₹110.83 Crore
- Dighe Parcel Value: ₹1.02 Crore
- Completion Date: 12 May 2026
Highlight:
- Label: Total Sale Consideration
- Value: ₹111.85 Crore
What Happened ?
Mukand Limited informed exchanges that it has executed conveyance deeds and completed the sale of balance land parcels situated at Kalwa and Dighe in Thane district.
The transaction includes land at village Kalwa along with perpetual non-exclusive right of way, as well as sale of 50% undivided share in land parcels located at Dighe.
The purchaser is AGP DC Infra Private Limited, formerly known as APG DC Infra Private Limited. The company clarified that the transaction is not related-party in nature and does not materially affect business operations.
key highlights
Land Sale Transaction Details:
- Mukand executed conveyance deeds on 12 May 2026.
- The transaction relates to sale of immovable land parcels at Kalwa and Dighe in Thane district.
- Kalwa land parcel measures approximately 12,437.38 sq. meters (around 3.07 acres).
- Dighe parcel includes 50% undivided share over aggregate 230 sq. meters of land.
- Aggregate consideration received stands at ₹111.85 crore.
- Purchaser is AGP DC Infra Private Limited based in Bengaluru.
- The transaction was undertaken to unlock value from land parcels without affecting operations.
- The purchaser does not belong to the promoter or promoter group.
- The company confirmed that the transaction is not a related party transaction.
- Mukand stated that the sale does not constitute sale of an undertaking under Companies Act provisions.
Note:
- The transaction appears to be part of strategic asset monetization and balance sheet optimization by monetizing surplus/non-core land assets.
Risk Analysis
Key Risks
- Asset sales are non-recurring in nature and may not contribute to sustainable earnings growth.
- Investors may monitor how proceeds are deployed by the company.
- Real estate and land transaction values can fluctuate with market conditions.
- No operational impact has been indicated by the company.
Worst Case Scenario
- If proceeds are not effectively utilized or if further dependence on non-core asset sales increases, investors may question long-term operational growth quality.
Risk Level: Low
Company Commentary
- Mukand stated that the land sale does not impact company operations.
- Management clarified that the transaction is not related-party in nature.
- The company highlighted that none of the promoters, directors or key managerial personnel are interested in the transaction.
- The purpose of the transaction is to unlock value from land parcels.
Official Exchange Filing: Mukand Limited