Mukand Ltd Completes Slump Sale of Industrial Machinery Business to Subsidiary for Rs 45.78 Crs

Mukand Ltd has completed a Slump Sale of its part of Industrial Machinery Business, namely designing, manufacturing, erecting and commissioning EOT Cranes, other materials handling and process plant equipment activities, to its wholly owned subsidiary, Mukand Heavy Engineering Limited (MHEL). The sale was conducted on a going concern basis, as per the Business Transfer Agreement (BTA) dated 18th October, 2025. The purchase consideration of Rs 45.78 Crs (Rupees Forty Five crores and Seventy Eight lacs) was discharged in the form of 26,347 equity shares fully paid up, issued and allotted by MHEL. This development is in line with the earlier intimation dated 16th May, 2025 and 18th October, 2025, as required under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.