<h1>Mangal Electrical Industries Acquires Industrial Land for Expansion in Rajasthan</h1>
Mangal Electrical Industries Limited has acquired an industrial land parcel intended for the expansion of its manufacturing facilities and future business operations. The acquisition, which took place on June 29, 2026, is set to support the company's long-term growth strategy by augmenting its production capabilities.
The asset is located in Revenue Village Parsarampura, Patwar Halka Sargoth, District Sikar, Rajasthan, and covers a total area of 1.4315 hectares. The transaction was conducted using cash consideration.
The acquisition details highlight that the land purchase is not associated with any related party transactions, as it was executed on an arm's length basis.
Key details regarding the industrial land acquisition are summarized in the table below:
| Particulars | Details |
|---|---|
| Name of Asset Acquired | Industrial Land |
| Date of Acquisition | June 29, 2026 |
| Location of Asset | Revenue Village Parsarampura, Patwar Halka Sargoth, District Sikar, Rajasthan |
| Total Area Acquired | 1.4315 Hectares |
| Cost of Acquisition | ₹8.00 Crore (excluding stamp duty, registration charges and other incidental expenses) |
| Purpose of Acquisition | Expansion of the Company's manufacturing facilities and future business operations |
The company stated that this acquisition will facilitate future expansion and support its overall growth trajectory by enabling it to augment its existing manufacturing capacity.
MEIL Stock Price Movement
Shares of Mangal Electrical Industries Limited shed value in the market today, slipping by 2.06% and settling at ₹300. The stock saw a total traded volume of 10,242 shares during the post-market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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