Talbros Engineering Secures 40,000 Sq. Ft. Industrial Premises for Future Expansion
Talbros Engineering Limited has successfully secured a new industrial premises in Madhya Pradesh to support future expansion and the development of new projects. The company has executed an agreement to sell regarding the property located at Plot No. 70-B, Sector - 3, Industrial Growth Center, Pithampur, Dhar, Madhya Pradesh.The transaction involves M/s Lakhani Rubber Products Private Limited as the seller, with Talbros Engineering Limited acquiring the premises measuring 40,000 square feet. The total consideration for this acquisition stands at Rs. 25.00 crores (Rupees Twenty-Five Crores only).
This new industrial space is intended solely for the purpose of facilitating the company's planned expansion and enabling the development of upcoming projects. Details confirm that M/s Lakhani Rubber Products Private Limited does not belong to the promoter or promoter group of Talbros Engineering Limited, and the transaction has been conducted at arm's length.
Talbros Engineering Limited stated that any updates concerning the commencement of commercial production or operations related to this unit or division will be communicated separately once those activities begin.
Stock Price Movement
At the close of trade today, shares of Talbros Engineering Ltd settled at ₹705.05, charting a decline of 0.73% for the day. The stock experienced notable intraday volatility after trading within a range spanning from a low of ₹705.00 to a high of ₹718.90.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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