Mukand Ltd Executes Agreement for Sale of Land Parcels at Kalwe and Dighe for Rs. 673 Crore

Mukand Ltd has executed an Agreement for Sale on July 23, 2025 for the sale of land parcels admeasuring approximately 17.77 acres together with 50% undivided right, title and interest in the access road admeasuring approximately 2.73 acres and for the grant of a perpetual non-exclusive right of way over a land parcel admeasuring 0.16 acres or thereabouts situated at Kalwe and Dighe, in Thane district for a consideration of not less than Rs. 86,980 per sq. mtr. aggregating to approx. Rs. 673 crore. The sale is subject to necessary approvals / permissions / NOCs being obtained by the Company from the Government of Maharashtra and/or Collector, Thane and/or Gram Panchayat and/or all other concerned authorities, the fulfilment of conditions precedent and is also subject to the purchaser being satisfied with the outcome of the technical and other due diligences being carried out by the purchaser.