Sale2 Nov 2026, 04:40 pm
Ucal Subsidiary Executes Agreement to Sell Residential Plot
AI Summary
Ucal Ltd's wholly-owned subsidiary, Ucal Polymer Industries Limited (UPIL), has executed an agreement to sell a 6.97-acre residential plot to Sujo Land and Properties Private Limited, a promoter group company. UPIL received an advance consideration of ₹45 Crore pending approval from Mahindra Integrated Township. The transaction is considered an arm's length related party transaction and does not breach the 10% consolidated turnover threshold. The final sale agreement is expected by June 2027, subject to approvals.
Key Highlights
- UPIL to sell 6.97-acre residential plot to promoter group company.
- ₹45 Crore advance consideration received by UPIL.
- Sale completion expected by June 2027, subject to approvals.
- Transaction is an arm's length related party deal.
- UPIL's total income was ₹52.27 Crore in FY26.
Price Impact
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