Milkfood Limited to Sell Property for Rs. 130 Crores
Milkfood Ltd. announced on March 25, 2026, that it has entered into a fresh agreement to sell a property located in Village Agwanpur, Moradabad, Uttar Pradesh, measuring 20.084 acres. The property will be sold to M/s Bareilly Dairies Limited, Mrs. Poonam Aggarwal, Mr. Amit Aggarwal, Mrs. Shally Aggarwal, and Mr. Mool Chand Aggarwal for a total consideration of Rs. 130 Crores.The net proceeds from the sale will be used to reduce borrowings and fund business development activities. According to company data, the property generated revenue of Rs. 74.92 Crore, representing 16.73% of the company’s total turnover during the fiscal year 2024-25.
The sale is expected to be completed on or before April 15, 2026. The buyers are not related to the company's promoters, promoter group, or group companies, and the transaction is not considered a related-party transaction.
| Particulars | Details |
|---|---|
| Date on which the agreement for sale has been entered into | 24th March, 2026. |
| Consideration received from such sale/disposal | Rs. 130 Crores. |
| Buyers | 1. M/s Bareilly Dairies Limited, 2. Mrs. Poonam Aggarwal, 3. Mr. Amit Aggarwal, 4. Mrs. Shally Aggarwal, and 5. Mr. Mool Chand Aggarwal. |
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