Atlas Cycles Approves Extension for Sale Deed Execution of Sonepat Land
Atlas Cycles (Haryana) Limited has confirmed that its Board of Directors has approved an extension until June 30, 2026, for the execution of the Sale Deed concerning a 20-acre parcel of land located in Sonepat, Haryana.The approval follows a request from the Buyer to extend the timeline for the land transaction.
The company noted that the land sale process originated from an Agreement to Sell executed on December 7, 2024. To date, Atlas Cycles has received Rs. 34.80 Crore as part consideration from the buyer. Furthermore, the buyer has committed to paying an additional part consideration of Rs. 25.20 crores in April 2026.
The company has previously communicated details regarding the sale of the 20 acres of land in Sonepat, Haryana, in communications dating back to December 7, 2024, and subsequent updates on May 29, 2025, and October 31, 2025.
Financial and Transaction Overview
| Detail | Value | Date / Timeline |
|---|---|---|
| Land Area | 20 acres | Sonepat, Haryana |
| Agreement to Sell Date | December 7, 2024 | N/A |
| Current Received Consideration | Rs. 34.80 Crore | As of reporting date |
| Future Consideration Due | Rs. 25.20 crores | April 2026 |
| Approved Sale Deed Extension | N/A | Up to June 30, 2026 |
Atlas Cycles (Haryana) Limited stated that it will inform stakeholders regarding any other material developments concerning this transaction.
ATLASCYCLE Stock Price Movement
On Monday, Atlas Cycles (Haryana) Limited shares edged higher to close at ₹119.45, signaling a robust day with a gain of 13.53%. The stock traded through a range between ₹110.00 and ₹123.67, recording significant turnover of 676,750 shares.Source:
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