Sale4 Aug 2025, 06:41 pm
Biofil Chemicals & Pharmaceuticals Ltd. Approves Sale of Leasehold Industrial Land for Rs. 16 Crores
AI Summary
Biofil Chemicals & Pharmaceuticals Ltd. held a Board Meeting on Monday, 4th August, 2025, and approved the sale of its leasehold industrial land, which is currently vacant, located at Plot No. 8, Sector-3, Kheda Industrial Estate, Pithampur, Dist. Dhar (M.P.). The land, approximately 80156 square meters, is to be sold for a minimum consideration of Rs. 16,00,00,000/- (Rupees Sixteen Crores only). The sale is subject to the approval of Madhya Pradesh Industrial Development Corporation-MPIDC and other regulatory compliances. The Board has also authorized the Whole Time Director to conduct the postal ballot e-voting process.
Key Highlights
- Biofil Chemicals & Pharmaceuticals Ltd. approved the sale of its vacant industrial land in Pithampur, Dist. Dhar (M.P.)
- The land, approximately 80156 square meters, is to be sold for a minimum consideration of Rs. 16,00,00,000/-
- The sale is subject to the approval of Madhya Pradesh Industrial Development Corporation-MPIDC and other regulatory compliances
- The Board has authorized the Whole Time Director to conduct the postal ballot e-voting process
- The decision was made in a Board Meeting held on Monday, 4th August, 2025