Hardcastle & Waud Manufacturing Company Ltd. Sells Immovable Property
Hardcastle & Waud Manufacturing Company Limited announced today, March 27, 2026, the execution of a Deed of Conveyance for the sale of an immovable property. The property, Unit No. 7B located on the 3rd floor of Sagar Estate, is situated at Premises No. 2, Narendra Chandra Dutta Sarani, Kolkata - 700001.Jeevdani Business Ventures Limited (JBVL) is the buyer in the transaction. The agreement is valued at Rs 1,11,08,000.
According to company disclosures, JBVL is a promoter group company, with a relationship to the company’s promoter. The transaction constitutes a related party transaction and was conducted at arm's length.
Further details regarding the agreement are presented below:
| Particulars | Details |
|---|---|
| Name(s) of Parties with whom the Agreement is entered | Jeevdani Business Ventures Limited (JBVL) |
| Purpose of entering into agreement | Sale of immovable property |
| Size of Agreement | Rs 1,11,08,000 |
| Shareholding, if any, in entity with whom the agreement is executed | NIL |
| Whether the said parties are related to promoter / promoter group / group companies in any manner. If yes, nature of relationship. | Yes, JBVL is the Promoter Group Company. The Promoter of the Company is also a Promoter of JBVL. |
| Whether the transaction would fall within related party transactions? If yes, Whether the transaction is done at 'arm's length' basis | The transaction will fall under related party transaction and it is at arm's length basis. |
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