ABC India Ltd. to Sell Petrol Pump Unit Land for Rs. 3.10 Crores
ABC India Ltd. announced on March 21, 2026, that its Board of Directors approved the sale of land for a Petrol Pump Unit located in Talegaon Dabhade, Pune, to Mr. Ameya Shirish Malpathak and Mr. Nitish Shirish Malpathak. The consideration for the sale is Rs. 3.10 crores.The Board authorized company officials to execute the necessary Memorandum of Understanding (MOU) and related documents.
According to information shared regarding the Petrol Pump Unit, it contributed approximately Rs. 65.28 crores, representing 35.30% of the company's turnover during the last financial year. The unit’s net worth was Rs. 46.72 Lacs. The MOU is expected to be executed by March 31, 2026, with completion anticipated in December 2026, or a mutually agreed date following purchaser due diligence.
Mr. Ameya Shirish Malpathak and Mr. Nitish Shirish Malpathak reside in Talegaon Dabhade, Pune, Maharashtra. The purchasers are not affiliated with the company’s promoter or promoter group. The transaction does not constitute a related party transaction.
Table: Petrol Pump Unit Financial Details and Transaction Details
| Detail | Information |
|---|---|
| Turnover Contribution (Last Financial Year) | Rs. 65.28 crores (approx.) |
| Turnover Percentage (Last Financial Year) | 35.30% (approx.) |
| Net Worth Contribution (Last Financial Year) | Rs. 46.72 Lacs |
| MOU Execution Date | March 31, 2026 (expected) |
| Completion Date | December 2026 (approximate) |
| Sale Consideration | Rs. 3.10 crores |
| Purchasers | Mr. Ameya Shirish Malpathak & Mr. Nitish Shirish Malpathak |
| Purchaser Affiliation | Not affiliated with promoter or promoter group |
| Related Party Transaction | No |
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