Bombay Potteries Shareholders Approve ₹3.05 Cr Property Deal
Bombay Potteries & Tiles Ltd announced that its shareholders have approved a related party transaction involving the purchase/acquisition or rent of premises from Harshvardhan Construction. The transaction, approved at a meeting on September 30, 2026, is for meeting the company's business, operational, and administrative requirements. The premises are located in Andheri East, Mumbai, with an area of 968 sq. ft. The consideration for purchase/acquisition is ₹3 Crores 5 lakhs, and for rent/lease is ₹42.5 lakhs per year over a 5-year tenure, with a security deposit of ₹25 Lakhs. The maximum value of the transaction is ₹3 Crores 25 lakhs. The transaction is in the ordinary course of business and on an arm's length basis, having received prior approval from the Audit Committee and the Board of Directors.
Key Highlights
- Shareholders approved property transaction with related party Harshvardhan Construction.
- Transaction includes purchase/acquisition or rent of premises for business needs.
- Maximum transaction value is ₹3.25 Crores.
- Transaction confirmed as ordinary course of business and arm's length.
- Audit Committee and Board approvals were obtained prior to shareholder meeting.
Price Impact
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