Mukand Limited Executes Term Sheet for Sale of Land Parcels in Kalwa
Mukand Limited has executed a Term Sheet with AGP DC Infra Private Limited for the sale of various land parcels located in Village Kalwa, Thane district. The transaction was formalized on July 15, 2026.The sale includes several land parcels comprising approximately 35,548.93 square metres (around 8.78 Acres), which are identified by multiple CTS numbers in Village Kalwa. Additionally, the company is selling a portion of land measuring approximately 1,691.64 sq. mtrs (about 0.42 Acres) and related areas pertaining to a Northern Access Road, totaling around 6,818.33 sq. mtrs (approximately 1.68 Acres).
The composite consideration for the land parcels and associated non-exclusive right of way is set at Rs. 55 crore per acre, aggregating to approximately Rs. 506 crore. Mukand Limited has already received an advance payment of Rs. 10 crore from the purchaser.
Key Transaction Details
The transaction details are summarized below:| Aspect | Detail |
|---|---|
| Company | Mukand Limited |
| Purchaser | AGP DC Infra Private Limited |
| Date of Term Sheet | July 15, 2026 |
| Total Consideration | Approximately Rs. 506 crore |
| Advance Received | Rs. 10 crore |
| Consideration Basis | Rs. 55 crore per acre (for Land and non-exclusive right of way) |
Terms and Conditions
The sale is subject to several conditions, including necessary approvals and permissions from the Government of Maharashtra, the Collector, Thane, Gram Panchayat, and other concerned authorities. The transaction also requires the fulfillment of specific conditions precedent, a joint survey and demarcation of the land aligned with the sub-division order, and satisfaction by the purchaser regarding technical and due diligence processes.The company confirmed that the sale is not expected to impact its operations, and the disposal of these parcels does not constitute an undertaking or substantially the whole of the undertaking for Mukand Limited under the Companies Act, 2013.
The buyer has been identified as AGP DC Infra Private Limited. The transaction remains non-related party in nature, with none of the company's Promoters or Directors having any interest directly or indirectly in the matter.
MUKANDLTD Stock Price Movement
Shares of Mukand Limited slipped today, shedding ₹0.67 or 0.49% to close at ₹136.05. The equity traded a volume of 76,156 shares in 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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