Mukand Ltd Sells Kalwa Land for ₹506 Crore

Mukand Ltd has executed a Term Sheet with AGP DC Infra Private Limited for the sale of approximately 9.20 acres of land in Kalwa, Thane district. The composite consideration for the land and non-exclusive right of way is approximately ₹506 crore, with an advance of ₹10 crore received. The sale is subject to necessary government approvals, fulfillment of conditions precedent, and satisfactory due diligence by the purchaser. This transaction is not expected to impact the company's operations and does not constitute a substantial part of its undertaking. The purchaser is not a related party.