Sale14 Apr 2026, 04:41 pm
Atlas Cycles gets extension for Sonepat land sale, receives ₹34.80 Cr
AI Summary
Atlas Cycles (Haryana) Ltd has announced an update regarding the sale of 20 acres of land in Sonepat, Haryana. The buyer requested and the Board of Directors approved an extension for the execution of the Sale Deed until June 30, 2026. The company has already received ₹34.80 Crore as part consideration for the land. An additional part consideration of ₹25.20 Crore is expected to be paid by the buyer in April 2026. This update follows previous intimations regarding the land sale from December 2024 to January 2026.
Key Highlights
- Sale deed execution for 20 acres of Sonepat land extended to June 30, 2026.
- Board of Directors approved the extension for the land sale.
- Company received ₹34.80 Crore as part consideration to date.
- Another ₹25.20 Crore part consideration expected in April 2026.
- The land sale process is progressing with phased payments.