Milkfood Ltd Sells Property for Rs. 130 Crores, Reducing Borrowings

Milkfood Ltd has executed an Asset Purchase Agreement on 16th January, 2026, for the sale of its property situated at Village Agwanpur, Moradabad, Uttar Pradesh. The land, admeasuring 20.084 acres, along with the building, superstructures, plant, and machinery, was sold for a total sale consideration of Rs. 130 Crores. The net sales proceeds will be used to reduce borrowings and support business development. The buyer is not related to the Promoters/ Promoter Group/ Group Companies, and the transaction does not fall under the ambit of Related Party Transactions. The revenue from the property during FY 2024-25 was Rs. 74.92 Crore, which was 16.73% of the turnover.