Deals1 April 2026 at 11:21 am
Everest Industries to Sell Land in Two Phases; First Phase Completion Expected in April 2026
AI Summary
Everest Industries Ltd. has announced that the sale of its land at Podanur, earlier scheduled for March 31, 2026, will now be carried out in two phases due to the progress of required government approvals. The first phase of the sale, involving approximately 15 - 16 acres, is expected to be completed in April 2026. This adjustment has been agreed upon between the Company and G Square Realtors Private Limited.
Key Highlights
- Sale of Everest Industries' land at Podanur to be carried out in two phases
- First phase of the sale includes approximately 15 - 16 acres
- First phase sale expected to be completed in April 2026
- Adjustment made due to progress of required government approvals
- Agreement between Everest Industries and G Square Realtors Private Limited