Sale15 May 2025, 03:31 pm
Mangalam Organics Ltd Sells Land for Rs. 10,69,52,000
AI Summary
Mangalam Organics Ltd has sold clear and marketable titles of land admeasuring approximately 5.96 Acres for a total consideration of Rs. 10,69,52,000 including certain infrastructure cost. The land is located at Kumbhvali Village, Savroli Kharpada Road, Taluka Khalapur, Khopoli - 410 203 , Maharashtra, India. The sale will not have any impact on the business operations of the Company as no business operations are carried out on the said land. The sale does not constitute as an undertaking or substantially the whole of the undertaking for the Company in terms of section 180(1)(a) of the Companies Act, 2013.
Key Highlights
- Mangalam Organics Ltd has sold land for Rs. 10,69,52,000
- The land is located at Kumbhvali Village, Savroli Kharpada Road, Taluka Khalapur, Khopoli - 410 203 , Maharashtra, India
- The sale will not impact the business operations of the Company
- The sale does not constitute as an undertaking or substantially the whole of the undertaking for the Company
- The transaction is a related party transaction and done at arm’s length